1 Month till the crash

[DimPrawn]

The government can't let house prices go down. It is all that is holding the economy up.

Is that a helicopter I can hear overhead?

[original PM]

i think my life mirrors yours, also bought first home at the beginning of '08 and fixed the rate for 5 years,

now about to complete on a new home, fearing the worst

Well I bought my house in October 2007 and it has appreciated by a few quid - so that's good.

But as others say - unless you want to sell it the value of the house means nothing.

[tomtomagain]

The government can't let house prices go down. It is all that is holding the economy up.

But history shows us from many countless examples that Governments cannot prevent bubbles from bursting. They can only ever inflate them further and further until ......

[scooterscot]

Crash will only happen when AtW buys a sofa from DFS

FTFY

[BrilloPad]

But history shows us from many countless examples that Governments cannot prevent bubbles from bursting. They can only ever inflate them further and further until ......

... people realize there is no point in saving. They should just spend it all.

We are decades away from that point. By that time it will be the problem of someone else.

Are Wayne said in Wayne's world, party on dude......

[filthy1980]

Well I bought my house in October 2007 and it has appreciated by a few quid - so that's good.

But as others say - unless you want to sell it the value of the house means nothing.

yeah I got mine at a decent price and spent some money on renovating it, probably about break on estimated current value but as you said I'm not interested in selling and hoping to use it as a pension pot

but about to embark on the same process albeit the numbers are a bit bigger this time

[DimPrawn]

There will be 5m more buyers in a few years time, once Turkey and the others get their EU meal ticket, so prices will rise massively.

UK can never experience a house price drop, not with the inward flow of people growing at an exponential rate.

[BrilloPad]

There will be 5m more buyers in a few years time, once Turkey and the others get their EU meal ticket, so prices will rise massively.

UK can never experience a house price drop, not with the inward flow of people growing at an exponential rate.

They won't buy. They will need social housing. Buy a flat/house, jam it to the rafters with immigrants. Housing Benefit will pay the bill.

Shoud make enough cash to buy your own weight in Gold. And in MF's case that is alot!

[DimPrawn]

They won't buy. They will need social housing. Buy a flat/house, jam it to the rafters with immigrants. Housing Benefit will pay the bill.

Shoud make enough cash to buy your own weight in Gold. And in MF's case that is alot!

Exactly, any housing stock will be rented to the new arrivals, and our wonderful ever caring landlords that only do it for the love of people will be paid by the tax payer, so everyone wins!

We can build another vile Birmigham sized city every decade. Sounds like a dream future!

[Support Monkey]

Yeah I know, but would still suck, as I could have bought at a lower price getting either more for my money, or having lower mortgage costs. So whilst I understand the long view, I would still be fuming.

Also, I took a massive one for the team back then, and paid every penny back (as we had to sell unfortunately) so I'd prefer not to be the poor schmo who cops it again.

Maybe some form of crash that only effects baby boomers would even it all up a bit.

Purchased my first house (2 up 2 down) in 1988 the interest rate then was 15%, sold it in 2000 paid the solicitor and the estate agent and walked away without a penny 12 years in negative equity, I had to borrow the money for the deposit on the next house.

my advise is buy a home not an investment or something you can add value to by extending or renovating, if it then goes pear shaped your then not desperate to move.

The whole housing market goes in cycles much like the stock market there is always a correction eventually