Where can I find expert analysis on housing predictions?

[Francko]

Indeed. We shall see in 6 months time the effect of higher morgage rates and general lack of morgages for buyers.

I still don't get your point. You won't be buying when prices are dropping. You didn't have the guts to buy when the market was going up 20%, how do you think you feel like buying when the market is stalling...

Besides, when prices will really start to crash, banks will start demanding a large deposit that you don't have so again you won't be able to buy.

So the situation of the housing market in your life is totally irrelevant, stop being obsessed and get on with your squirrels.

[Cyberman]

Indeed. We shall see in 6 months time the effect of higher morgage rates and general lack of morgages for buyers.

Mortgage rates will start to fall within a few weeks/months as liquidity improves and LIBOR falls, making it much easier to get a mortgage than it is today. The bank rate will be cut tomorrow, possibly by .5% as the Bank of England finally gets its arse into gear. High interest rates are unsustainable for New Lie, with a major recession imminent, so you can be sure that there is a lot of pressure being applied on the 'independent' BofE for major rate reductions.

[Moscow Mule]

Mortgage rates will start to fall within a few weeks/months as liquidity improves and LIBOR falls, making it much easier to get a mortgage than it is today. The bank rate will be cut tomorrow, possibly by .5% as the Bank of England finally gets its arse into gear. High interest rates are unsustainable for New Lie, with a major recession imminent, so you can be sure that there is a lot of pressure being applied on the 'independent' BofE for major rate reductions.

Thursday

What makes you think the banks are going to pass on those cheaper rates? They are using this situation as an opportunity to boost margins (which have been tulip for years) on better quality debtors.

[Cyberman]

Thursday

What makes you think the banks are going to pass on those cheaper rates? They are using this situation as an opportunity to boost margins (which have been tulip for years) on better quality debtors.

They probably won't pass on lower rates initially due to the high LIBOR rate and limited liquidity, but the BofE is going to loan against bank equities at a rate that could well be less than LIBOR, so within a few weeks we could see some downward movement in rates. With the increased liquidity, and with some extreme rate cuts, which are long overdue IMO, we could see New Lie stave off a major recession.

Once the banks see a bit of daylight and positive signs with house prices(ie. no major crash) and the economy they will then start 'riskier' lending again, but this will be a few months down the road.

[AtW]

I still don't get your point. You won't be buying when prices are dropping. You didn't have the guts to buy when the market was going up 20%, how do you think you feel like buying when the market is stalling...

I am not buying houses that I think are overpriced and that's the end of it. The minimum price fall that is necessary for me to even consider buying is 30%, I think in this case it is going to be 50% back to more sensible values.

If there were more people in this country who (like me) can act rationally inline with their rational believes, then this house pricing bubble would have never happened.

The Govt might not be able to regular prices, but it can regulate risk that banks are taking on - set max loan to 3 times NET salary, minimum 25% deposit and that will be brakes on any house price increases for a long time.

[Xenophon]

I wish everyone would shut the hell up about house prices.

If it all goes very sideways for me I'm going to get wasted and go lie face-down on a beach in Ibiza.

Naked.

[Marina]

I wish everyone would shut the hell up about house prices.

If it all goes very sideways for me I'm going to get wasted and go lie face-down on a beach in Ibiza.

Naked.

Is very sideways the same as pear shaped. Sounds like you'll end up pair shaped.

[Francko]

If there were more people in this country who (like me) can act rationally inline with their rational believes, then this house pricing bubble would have never happened.

If you were a rational person, you would have bought something 5-10 years ago and cashed in now for a semi-retirement lumpsum like most of us did instead of wasting your time writing about house prices on an internet forum.

[AtW]

If you were a rational person, you would have bought something 5-10 years ago

Buy a house on a work visa that expires if you lose job, and you seriously suggesting buying house during .CON bust with IT downturn that quickly followed? As I said - I am a rational, not an idiot that would risk long term future for the sake of some profits that can easily turn into losses. I don't think buying house past 2001 would have been smart anyway - certainly past 2002.

[sasguru]

Buy a house on a work visa that expires if you lose job, and you seriously suggesting buying house during .CON bust with IT downturn that quickly followed? As I said - I am a rational, not an idiot that would risk long term future for the sake of some profits that can easily turn into losses. I don't think buying house past 2001 would have been smart anyway - certainly past 2002.

You were rational enough to work for a dot com company that went bust. Didn't you see that coming? I did, I made lots of money then too