Friday, Sep 29, 2006

What goes up must come down

First Rung: Why the next house price crash will be worse

After eleven years of rising prices, it's no surprise that, to millions of homeowners, the last housing crash seems a lifetime away. However, its effects lasted for more than five years until 1995, when house prices set off on what is almost certainly their longest post-war winning streak.

Posted by uncle chris @ 09:29 AM (631 views)
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9 Comments

1. J. B. M. C. said...

He's a VI. Therefore this article is about as useful as the cr@p that gets printed in the Daily Express.

Friday, September 29, 2006 12:42PM Report Comment
 

2. Billy-g said...

Nice to see how he bangs on vehemently about 'Vested Interests' out to do the poor innocents harm, and yet, as he is someone who has sold to rent a while back, he is rather the 'Vested Interest' himself. I like how he completely overlooks that, and phrases it in quite an offhand manner later in the piece.

This isn't the first time I've read his thoughts on a coming crash. He's been banging on about one for a year or more now that I have read. Each time he sounds a little bit more desperate, and trying to convince himself we are heading for some '1929' crash scenario, instead of the price plateau situation thats actually happening.

I find it hard to take him seriously now, and I say that as someone Bearish on property.

Friday, September 29, 2006 01:53PM Report Comment
 

3. Sambino said...

I agree with most in this article I cannot believe how people keep borrowing more and more to fund their lifestyles sometime interest rates with rise because of global pressures then when its gets very nasty and there is a crash it will be everyone elses fault

Friday, September 29, 2006 02:49PM Report Comment
 

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7. bidin'matime said...

Yep.

Friday, September 29, 2006 10:11PM Report Comment
 

8. Trendinvestor said...

I bought a house in 1988 for 164,000 i spent 6000 on it and sold it in 1994 for 148,000

HOUSES DO GO DOWN IN VALUE

Saturday, September 30, 2006 05:12PM Report Comment
 

9. Tangara said...

I shall never surrender...

Mr & Mrs Doe, should remember that House prices is more a matter of opinion than anything else.
All fashions end one day ; One may wonder which asset will be fashionned next...

Sunday, October 1, 2006 03:16PM Report Comment
 

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