DOOM: Property

[WTFH]

its not even over a Kebab shop

I'd need to expand the price range to include them.

(I was also putting these up here as an example of x = y. If you only look at one piece of information, then these two properties are identical.)

[vetran]

It's not all doom and gloom.

Why buy a 10 bed house with 2 cottages...
https://www.rightmove.co.uk/properti...hannel=RES_BUY

When you could have a 1 bed flat for the same money?
https://www.rightmove.co.uk/properti...hannel=RES_BUY

its not even over a Kebab shop

[WTFH]

It's not all doom and gloom.

Why buy a 10 bed house with 2 cottages...
https://www.rightmove.co.uk/properti...hannel=RES_BUY

When you could have a 1 bed flat for the same money?
https://www.rightmove.co.uk/properti...hannel=RES_BUY

[AtW]

Yeah, like Labour would not support the property bubble - it’s about the only consistent British Govt policy that actually worked…

[_V_]

Never underestimate the meddling and misuse of public money by the Tories, to make billions in bungs to property developers, landowners, to prop up and even accelerate prices.

Most Tory MPs are vast property owners, investors and beneficiaries in the Ponzi scheme.

[jamesbrown]

Those permabears over on HousePriceCrash will be happy.

They banned me on that forum back 2009 for telling them to buy because the bottom was in.

I don't think the permabears over there are ever happy, tbf.

Otoh, I can sympathise to some degree - UK housing is a clusterfook and will continue to be so. We don't really know how to engineer a gradual, real-terms decline in prices so that no one is completely underwater, we only know how to do boom/bust by never creating supply and only creating demand.


With 6% interest rates on the typical LTV today, that is monumental crash territory, even with very restricted supply. That said, it wouldn't be the first time I've been surprised by UK housing as an asset class

[Fraidycat]

Crashy, crashy.

Those permabears over on HousePriceCrash will be happy.

They banned me on that forum back 2009 for telling them to buy because the bottom was in.

[WTFH]

Get houses down to 3x or 4x average salary, that will kick start the economy.

[jamesbrown]

Crashy, crashy.

[vetran]

good maybe it will force prices down to more sensible levels combined with wage inflation.

[AtW]

“UK Home Prices Face Looming Plunge With Mortgage Rates Soaring

Even estate agents are feeling gloomy as borrowing costs exceed 6% and banks start to get nervous.

Rapidly rising interest rates mean the 13-year bull run in the UK housing market is likely drawing to a close.

The average five-year fixed-rate mortgage rose above the 6% threshold for the first time in 12 years Thursday, according to research group Moneyfacts. The average two-year fixed loan hit that level earlier this week. The higher rates have analysts bracing for a plunge in home prices.”

https://www.bloomberg.com/news/artic...-rates-soaring

Looks like I called the top of the market…