Detached house prices plummet £270 a day as property market enters slowdown

[AtW]

And why would I need a plan b, you numpty, as I am mortgage free?

I know - I am morgage free as well. But I felt like abusing you anyway

[sasguru]

I guess GinngerRogers lives with his mum and dad

Milan.

Don't know why you're crowing. Even if prices fall 50% you're still priced out of here forever on your CZ peasant wages

[DimPrawn]

Don't worry, inflation is falling and interest rates will soon be 0%.

http://news.bbc.co.uk/1/hi/business/7188874.stm

The Retail Price Index inflation measurement, which includes mortgage interest payments, eased to 4% from 4.3% in November.

I think we're turning Japanese, I think we're turning Japanese, I really think so.

[gingerjedi]

I guess GinngerRogers lives with his mum and dad

Milan.

That makes a change from your tired "But you need immigrants to keep house prices rising" answer... as if it's the only thing that's important in life.

[tim123]

And why would I need a plan b, you numpty, as I am mortgage free?

I can beat that, I'm paid in Euro as well.

tim

[shaunbhoy]

I know - I am morgage free as well. But I felt like abusing you anyway

I can see why you have such an affinity with squirrels alexei. You are nuts!!

[sasguru]

I know - I am morgage free as well. But I felt like abusing you anyway

The difference is that I have a massive stash from BTL

[AtW]

I can see why you have such an affinity with squirrels alexei. You are nuts!!

You have detached house, don't you?

[shaunbhoy]

You have detached house, don't you?

Yes. And you don't!

[gingerjedi]

If they lose job (which happens a lot in recession) then might need to travel very far (fuel expensive) or move house. In some case they won't be able to do either, they won't be able to get cheap credit by adding up on their morgage using increased value of their house, and most of all - they will be very depressed and cut spending - now this will hit the economy for six.

Well if you've ignored all the gloomy economic reports over the past few years and went ahead anyway then who have you got to blame other than yourself? You can't say you never saw it coming which was a valid argument in the early 90's.

I’ve held back on buying a larger property as I haven’t had my head in the sand.