Don't despair there's hope, the gloom lifts

**DimPrawn** · 28 February 2008, 12:09

I don't buy into the "Japan is cheap, buy, buy, buy".

It's cheap cos it's a dead end economy, just like Britain.

**HRH** · 28 February 2008, 12:13

Does anyone think the property market will crash badly like it did in the 80's/90's?

**DimPrawn** · 28 February 2008, 12:14

Not in the UK. It's different this time.

Infact, property right now is amazingly cheap, and in a couple of years you will look in awe at old estate agent ads for a bedsit in London at under £500K.

**HRH** · 28 February 2008, 12:19

Originally posted by DimPrawn View Post

Not in the UK. It's different this time.

Infact, property right now is amazingly cheap, and in a couple of years you will look in awe at old estate agent ads for a bedsit in London at under £500K.

so you don't think we're heading for a slump?

**MOH** · 28 February 2008, 12:22

Originally posted by HRH View Post

so you don't think we're heading for a slump?

Look at Manchester new build flats RRH, they have fallen 20-30% in the last year

**Marina** · 28 February 2008, 12:28

Originally posted by BlasterBates View Post

Gloom lifting

For Pete's sake, not more good news. I'll despair if the gloom does lift (in the UK anyway) before the next election!

I wish these optimists would keep their opinions to themselves and stop trying to cheer everyone up and prevent a depression - It's just what we need to turf out Labour!

**HRH** · 28 February 2008, 12:36

Originally posted by MOH View Post

Look at Manchester new build flats RRH, they have fallen 20-30% in the last year

Yes, but I think thats more due to over supply, if you look at the wealthier suburbs of manchester its still pretty boyant...

**Spacecadet** · 28 February 2008, 13:16

Originally posted by MOH View Post

Look at Manchester new build flats RRH, they have fallen 20-30% in the last year

As has been said, thats only city center flats and the same thing can be seen in some other cities.
The price of the flats was pushed way above what it should be by people buying offplan at stupid prices expecting to be able to sell for even more.

**Andy2** · 28 February 2008, 13:35

Originally posted by DimPrawn View Post

I don't buy into the "Japan is cheap, buy, buy, buy".

It's cheap cos it's a dead end economy, just like Britain.

Japan is sitting on a demographic timebomb. Full of oldies and low birth rate. I read somewhere that with the current birth rate there will be only one Jap left in the next 700 years

Don't despair there's hope, the gloom lifts