Hourly Doom Update

[BlasterBates]

Latest doom

On the hour every hour doom updates brought to you by the "Oh Dear" brand at CUK.

[The Master]

Latest doom

On the hour every hour doom updates brought to you by the "Oh Dear" brand at CUK.

7%? No need to worry there then. That will take prices back to where they were 6 months ago.

Boomed.

[sasguru]

Interesting. Can private subscribers invest too?

[tim123]

7%? No need to worry there then. That will take prices back to where they were 6 months ago.

Boomed.

I think that, when the drop comes, it will seem like more than 7%.

Houses on the market at the moment will have an expected price increase of 10% pa already priced in. But they (probably) won't sell at this price and when their owners realise this, they will have to take off that 10% plus the extra 7% to shift them (if that is what they need/want to do).

tim

[sasguru]

Prices will not fall massively as long as there are no mass redundancies as happened in the early 90s. People will merely stay put and not move rather than take a loss.

[BlasterBates]

...ah the problem apparently, is BTL. When mortgages are renewed next year lenders will be demanding far more capital, like 20% extra, those that can't find it will probably forced into a sale. This will happen next year.

[Churchill]

Prices will not fall massively as long as there are no mass redundancies as happened in the early 90s. People will merely stay put and not move rather than take a loss.

Take a loss?

That will only happen with negative equity.

Now that my divorce settlement is sorted I'm looking to buy a new house.

I think I'll wait until some of you BTL whallas start feeling the strain...

<tick><tock>

[Bagpuss]

...ah the problem apparently, is BTL. When mortgages are renewed next year lenders will be demanding far more capital, like 20% extra, those that can't find it will probably forced into a sale. This will happen next year.

Have you been cut and pasting my old posts

[sasguru]

Take a loss?

That will only happen with negative equity.

Now that my divorce settlement is sorted I'm looking to buy a new house.

I think I'll wait until some of you BTL whallas start feeling the strain...

<tick><tock>

I got out last year. I have a war chest ready - I want a massive fall.

[Churchill]

I got out last year. I have a war chest ready - I want a massive fall.

<tick><tock>