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28Not much further to fall. Near the bottom now and then pick up next year. Boomed!17.86%5Are staring into the abys. Huge falls yet to come. No comeback for many years. Boomed!57.14%16AndyW knows best.25.00%7 -
How?Originally posted by DimPrawn View PostSi posse, recte, si non, quocumque modo rem -
abyss, but that's what I'm going for.
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Once unemployment kicks in reposessions will rise. Banks will be left with properties they want to get rid of quickly, the run of the mill properties will be auctioned off, driving prices down.
Just like in the mid 90's....Comment
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Pretty much my conclusion too.Originally posted by minsky1 View Post
An awful lot of people mortgaged to the max before the current turmoil so will not be able to service their debts in the longer term, I won't be at all surprised to see the US toxic debt problem replicated here with bankruptcies and reposessions in sizable numbers.Comment
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And the former owners will become council tenants, so councils will have to look for a lot of new rental properties.....Originally posted by minsky1 View PostComment
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It is hard to tell until the repossesions start to properly come in over 2009.....Comment
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House prices will be on the way up again within a year. Cash rich investors are already snapping up bargains and the banks have been told to lend by HMG. Interest rates are on their way down, inflation is on the way down, and this is a good thing.
Boom, boom and boom after 2010 !!!
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So far no sign of many 100% mortgages though. Alot of first-timers will struggle to save the £15+k needed for a 10% deposit.Originally posted by Cyberman View PostHouse prices will be on the way up again within a year. Cash rich investors are already snapping up bargains and the banks have been told to lend by HMG. Interest rates are on their way down, inflation is on the way down, and this is a good thing.
Boom, boom and boom after 2010 !!!Comment
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Originally posted by BrilloPad View Post
True, but anybody buying my house will not be a first-time buyer, but somebody that probably has equity in their own house.
I have bought two houses in my life, and even for my first one I had a 20% deposit.... on my second I had 30% equity. Personally, I think it is sensible that people always put some of their own money or equity into a purchase to show commitment, and to stabilise the market.
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