Admission

[AtW]

I was wrong.

After 15 years of careful analysis I have come to conclusion that residential house (and especially flat) prices only go up.

There will be no crash in sight, buy buy buy...

[SueEllen]

Depends where you live.

[DimPrawn]

Suddenly stopped praying for a price crash have we?

[SueEllen]

Suddenly stopped praying for a price crash have we?

He's exchanged contracts on his flat....

[NickFitz]

I was wrong.

After 15 years of careful analysis I have come to conclusion that residential house (and especially flat) prices only go up.

There will be no crash in sight, buy buy buy...

And down they go

[DimPrawn]

Atw has patiently waited 15 years to call the top of the UK property Ponzi scheme.

[sasguru]

I was wrong.

After 15 years of careful analysis I have come to conclusion that residential house (and especially flat) prices only go up.

There will be no crash in sight, buy buy buy...

I'm seriously thinking of rejigging our property portfolio to cash in, while still leaving us mortgage free, as I expect a big crash soon

[AtW]

He's exchanged contracts and completed purchase of his luxury bedsit....

FTFY

[jamesbrown]

I was wrong.

After 15 years of careful analysis I have come to conclusion that residential house (and especially flat) prices only go up.

There will be no crash in sight, buy buy buy...

You mean, now that you've completed on your flat?

Listen, absent ZIRP/NIRP/QE infinity, the market would collapse like a house of cards. The price/earnings multipliers in the SE are only affordable in the current credit environment. So, any crash is pretty much entirely contingent on interest rates, and the economy is now so heavily dependent on house prices via consumer demand that interest rates are not going up unless there's a bigger fire to fight (e.g. Sterling crisis). The next interest rate rise will be due to bad fundamentals, not good ones. In the long term, immigration and lack of supply will exert upward pressure on prices, but things generally don't move up in a straight line, at least absent ZIRP/NIRP/QE infinity.

[AtW]

You mean, now that you've completed on your flat?

Your flat will double in price every week