Doomed - Gordons just killed the housing market

[DimPrawn]

Shame el gordo didnt manage to delfate the market years ago before all this got out of hand. The markets comming back to trend, regardless. Probably the sooner prices are back to 3.5 x avareage salary the better. And it WILL happen. Nothing can / should be done to prevent it.

Mark my words. House prices and transactions will recover when the average starter home falls to below £100K (outside London).

[ChimpMaster]

On my stagger homewards in the evenings, I pass a house that I could have purchased on my credit card back in 1993...

I wish that I'd had the sense & the bottle to do so.

It's over, nobody listens to techno.

[oracleslave]

It's over, nobody listens to techno.

You are eminem and I claim my 5 free c(rap) song downloads

[Tokoloshe]

UK Property market not a zero-sum game anymore

"The CEBR says the lack of new homes in England is one of the key factors that will fuel the house price recovery... the demand for new housing continues from groups such as divorcees and immigrants."

So basically, if you want house prices to go up you should be praying for more immigrants. Fewer immigrants and prices won't recover.

That'll be a tough choice for some people on here

Buy-to-let landlords should be worried. It's assumed that as the value of property goes down, rents will rise as people hold-off buying. However, if a significant number of tenants are EU immigrants that can just go home if things get really bad here (and return whenever they like) - there may be lots of empty property around in late-2009!

[snaw]

So basically, if you want house prices to go up you should be praying for more immigrants.

and lads mags resulting in more divorce.

[Diver]

Buy-to-let landlords should be worried. It's assumed that as the value of property goes down, rents will rise as people hold-off buying. However, if a significant number of tenants are EU immigrants that can just go home if things get really bad here (and return whenever they like) - there may be lots of empty property around in late-2009!

I'm finding that my tenants are struggling to meet the increased rents I'm charging.

fek em

[techno]

It's over, nobody listens to techno.

hey, what did I do?!?!?