| Housing crash coming prediction on 14:34 - Apr 7 with 2193 views | solomon |
We’ve been here before. |  | |  |
| Housing crash coming prediction on 14:34 - Apr 7 with 2198 views | homer_123 |
Talked about this ages ago.
Won't take much of a partnership between inflation/ cost of living increases and interest rates rises to see swathes of people struggling to pay their mortgage. |  |
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| Housing crash coming prediction on 14:35 - Apr 7 with 2185 views | Cheltenham_Blue |
Sell, Sell, Sell!!! |  |
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| Housing crash coming prediction on 14:36 - Apr 7 with 2181 views | mylittletown |
| Housing crash coming prediction on 14:34 - Apr 7 by homer_123 |
Talked about this ages ago.
Won't take much of a partnership between inflation/ cost of living increases and interest rates rises to see swathes of people struggling to pay their mortgage. |
It has happened at least three times in the last 40 years. It is never more than a one or two year blip. |  | | |
| [Redacted] on 14:38 - Apr 7 with 2159 views | victorywilhappen |
| Housing crash coming prediction on 14:35 - Apr 7 by Cheltenham_Blue |
Sell, Sell, Sell!!! |
[Redacted] |  | | |
| [Redacted] on 14:40 - Apr 7 with 2145 views | victorywilhappen |
| Housing crash coming prediction on 14:36 - Apr 7 by mylittletown |
It has happened at least three times in the last 40 years. It is never more than a one or two year blip. |
[Redacted] | | | |
| Housing crash coming prediction on 14:41 - Apr 7 with 2121 views | homer_123 |
Many is an understatement. | |
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| Housing crash coming prediction on 14:43 - Apr 7 with 2101 views | keighleyblue |
Fuelled by Russian oligarchs flogging off London $$$ properties at cut price |  | | |
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| Housing crash coming prediction on 14:47 - Apr 7 with 2075 views | chicoazul |
Is it 1998 again already? |  |
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| Housing crash coming prediction on 14:48 - Apr 7 with 2068 views | bluestandard |
I know there are some learned views re. economics on this forum, but my own personal opinion is that there are a few points which wouldn't have me holding my breath on a massive drop in house prices anytime soon.
Firstly, a rise in the number of defaults doesn't necessarily feed through immediately into repossessions. Employment is still buoyant, and banks will have some capacity for flexibility for repayment/interest holidays. That's before any government intervention that might come if numbers get surprisingly high.
Secondly, those properties that flow through into repossessions won't necessarily be sold for large discounts. Some discount maybe, but thanks to quantitative easing over an extended period of time, there is cash on the sidelines waiting to come into the economy. Banks know this all too well, and will be very unlikely to accept a loss on their loans in these circumstances. |  | | |
| Housing crash coming prediction on 14:50 - Apr 7 with 2044 views | homer_123 |
| Housing crash coming prediction on 14:48 - Apr 7 by bluestandard |
I know there are some learned views re. economics on this forum, but my own personal opinion is that there are a few points which wouldn't have me holding my breath on a massive drop in house prices anytime soon.
Firstly, a rise in the number of defaults doesn't necessarily feed through immediately into repossessions. Employment is still buoyant, and banks will have some capacity for flexibility for repayment/interest holidays. That's before any government intervention that might come if numbers get surprisingly high.
Secondly, those properties that flow through into repossessions won't necessarily be sold for large discounts. Some discount maybe, but thanks to quantitative easing over an extended period of time, there is cash on the sidelines waiting to come into the economy. Banks know this all too well, and will be very unlikely to accept a loss on their loans in these circumstances. |
Whilst this might well be true - the more pertinent situation is that this will see many many more people pushed into poverty. | |
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| Housing crash coming prediction on 15:01 - Apr 7 with 1985 views | bluestandard |
| Housing crash coming prediction on 14:50 - Apr 7 by homer_123 |
Whilst this might well be true - the more pertinent situation is that this will see many many more people pushed into poverty. |
Agreed. the whole system is deeply flawed. As a property owner myself, I would happily see the cost of ALL property go significantly downwards. | | | |
| Housing crash coming prediction on 15:09 - Apr 7 with 1940 views | C_Jam_Blue |
| Housing crash coming prediction on 14:36 - Apr 7 by mylittletown |
It has happened at least three times in the last 40 years. It is never more than a one or two year blip. |
Bought my first house at the end of the 80's, negative equity for about 6 years, painful times. | | | |
| Housing crash coming prediction on 15:12 - Apr 7 with 1923 views | J2BLUE |
Oh well. |  |
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| [Redacted] on 15:14 - Apr 7 with 1909 views | victorywilhappen |
| Housing crash coming prediction on 15:12 - Apr 7 by J2BLUE |
Oh well. |
[Redacted] | | | |
| Housing crash coming prediction on 15:15 - Apr 7 with 1893 views | ronnyd |
| Housing crash coming prediction on 14:35 - Apr 7 by Cheltenham_Blue |
Sell, Sell, Sell!!! |
Get 'em out by Friday.  | | | |
| Housing crash coming prediction on 15:30 - Apr 7 with 1828 views | Swansea_Blue |
Hope not as i've got a house to sell! |  |
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| Housing crash coming prediction on 15:34 - Apr 7 with 1809 views | Illinoisblue |
| Housing crash coming prediction on 14:36 - Apr 7 by mylittletown |
It has happened at least three times in the last 40 years. It is never more than a one or two year blip. |
Having lost a s5it ton of money on my house after the mid to late 00s crash, I am very happy to have subsequently bought at the bottom of the market, locked in on a low fixed rate, and seeing a house down the street sell for 80k over asking price. All somewhat irrelevant as we have no plans to move in the next 10 years anyway. |  |
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| Housing crash coming prediction on 15:53 - Apr 7 with 1704 views | ronnyd |
| Housing crash coming prediction on 15:34 - Apr 7 by Illinoisblue |
Having lost a s5it ton of money on my house after the mid to late 00s crash, I am very happy to have subsequently bought at the bottom of the market, locked in on a low fixed rate, and seeing a house down the street sell for 80k over asking price. All somewhat irrelevant as we have no plans to move in the next 10 years anyway. |
Exactly this. If you're not going to sell for a few years it shouldn't make too much difference. But, losing your income is then a disaster from all angles. | | | |
| Housing crash coming prediction on 15:53 - Apr 7 with 1701 views | Mookamoo |
Property is theft |  | | |
| Housing crash coming prediction on 16:03 - Apr 7 with 1632 views | BanksterDebtSlave |
The considered view of an estate agent that we garden for only yesterday was..."prices are going to fall off a cliff before the end of the year." |  |
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| Housing crash coming prediction on 16:03 - Apr 7 with 1630 views | HARRY10 |
| Housing crash coming prediction on 14:48 - Apr 7 by bluestandard |
I know there are some learned views re. economics on this forum, but my own personal opinion is that there are a few points which wouldn't have me holding my breath on a massive drop in house prices anytime soon.
Firstly, a rise in the number of defaults doesn't necessarily feed through immediately into repossessions. Employment is still buoyant, and banks will have some capacity for flexibility for repayment/interest holidays. That's before any government intervention that might come if numbers get surprisingly high.
Secondly, those properties that flow through into repossessions won't necessarily be sold for large discounts. Some discount maybe, but thanks to quantitative easing over an extended period of time, there is cash on the sidelines waiting to come into the economy. Banks know this all too well, and will be very unlikely to accept a loss on their loans in these circumstances. |
Any of the above would merely act as a means to soften the blow, but not avoid the effects of rising interest rates.
If prices start to fall, many will sit tight hoping to ride it out or wait till the price falls further. Even offering a lower price once the markets is perceived to be falling.
As the value of assets falls so the ability to borrow against them lessens - and with the cost of borrowing rising there is little banks can do, as with the government, else why would there be periodic crashes.
Once the ability to pay back personal loans begins to rise, so the cost and availability changes. Just as we saw a decade or so back when people were having to sell gold, or borrow at ridiculous rates (Wonga) to meet payments taken out at lower rates.
Wage rises are not keeping pace with inflation. The fear last October was that inflation could be as high as 5% in April is already nearly 25% wide of the mark. How high it goes is anyones guess given the war in Ukraine is an unknown. So the longer term effects on the price of oil, and other commodities can not be known.
The next few years should be 'interesting'. | | | |
| Housing crash coming prediction on 16:03 - Apr 7 with 1632 views | NthQldITFC |
I don't know much about this so I'm prepared to be shot down in flames, but isn't the UK housing situation one big perpetual greed-driven bubble? Isn't the UK population more or less stable? If so why are there constant calls for building more houses, "Ooh, we NEED 300,000 more houses built per year" seems to be trotted out all the time.
As I say I don't really understand it all, but it seems to me that the 'need' is to keep the expansionist bubble growing and to line developers' and speculators' pockets, and the cost is often paid by the 'development' of areas of beautiful countryside. In which case I am all for the whole rotten system to crash. |  |
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| Housing crash coming prediction on 16:04 - Apr 7 with 1630 views | clive_baker |
Depends how you define a crash I suppose. The market is already starting to cool down, and growing slower than inflation for the first time in yonks. It wouldn't surprise me if prices hold relatively flat in real terms over the next 24 months, but if anyone is waiting for a 'crash' I fear they'll be waiting a long time. People have been saying this since 2015 and prices keep rising. It would take a 20% drop in the average house price just to get us back to pre Brexit prices, and we were told that could wipe 30% off property values. |  |
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| [Redacted] on 16:04 - Apr 7 with 1623 views | victorywilhappen |
| Housing crash coming prediction on 15:53 - Apr 7 by Mookamoo |
Property is theft |
[Redacted] | | | |
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