Imminent house price crash

[AtW]

So, the BTL is going to be hit, plus now imminent interest rate increases to follow, so more houses on the market sold by desperate BTLers like MF, innit?

[centurian]

Landlords will just put up rents

If the market will support higher rents, then why not jack them up now - why wait until the tax hit.

Are landlords being collectively generous by charging below market rates today ????

EDIT: I did have to chuckle at DP starting the official budget thread predicting tax breaks for BTL

[PurpleGorilla]

Maybe not imminent; but with the Shanghi index tanking, combined with a Grexit, the global picture has some concerns. All of which could result in general fiscal tightening by banks. Restricting demand still further.

We all know its a bubble. And the trigger is at stage 1.

[OwlHoot]

Oh God, things must be turning apocalyptic if AtW is back to gloat over an imminent house price crash!

[AtW]

Oh God, things must be turning apocalyptic if AtW is back to gloat over an imminent house price crash!

I might buy a house soon. So the crash better hurry up!!!

Nearly 20 years of renting...

[administrator]

I thought you were going to tell us you had bought a place, AtW. If you have then the crash is definitely on

[FarmerPalmer]

Don't forget that high end London prices are going to fall anyway as the non-doms exit for pastures new

[OwlHoot]

Don't forget that high end London prices are going to fall anyway as the non-doms exit for pastures new

Ah but if the Chinese stock market is turning to rat tulip, won't the richer sort there redouble their efforts to snap up investment property in the West?

(although arguably they'd be better waiting for the bottom if that is discernable and piling into stocks again.)

[BrilloPad]

I thought you were going to tell us you had bought a place, AtW. If you have then the crash is definitely on

That was my first thought.

Crash predicted since 2000. Low interest rates, increasing availability of credit, immigration and London property being the world default currency (did you really think it was the $?) will keep the Ponzi scheme going. Crash will come - but it will be at least 2020.

[PurpleGorilla]

That was my first thought.

Crash predicted since 2000. Low interest rates, increasing availability of credit, immigration and London property being the world default currency (did you really think it was the $?) will keep the Ponzi scheme going. Crash will come - but it will be at least 2020.

Unless Eurozone melt down or a massive oil spike, I think you are right. There could be other unforeseen events, but generally a trigger i believe is needed to pop it.