Reply to: Daily Doom

[AtW]

The markets are trully on a downhill slide at the moment.

I think this is the beginning of the end.

Markets better not crash until end of November

[Maxamus]

The markets are trully on a downhill slide at the moment.

I think this is the beginning of the end.


Looks like not much work going to be in the city in the new year lads....

[DimPrawn]

It's different this time.

Do you not understand.

New Labour came in. Gordon Brown said (or was it Phoney Tony).

"No more boom and bust".

Just boom.

Boomed!

[Francko]

I am still amazed why we keep discussing something so predictable.

Have a look at the housing market of most european countries. You will find out that the graph are the most predictable ones of all markets.

The trend is constantly growing of a small percentage every year if normalised while the peaks and the bottoms happen regularly every 10-12 years. I think it is pretty normal now that the price will go down for the next 10 year or so and then start to go up. It happened so since 1900 why should it be different now? Will everybody be surprised if it happens so? Are you also surprised that every winter is colder than the previous months?

[jobstats.co.uk]

The doom news IMO would be if job market goes belly up.. then you wont be able to afford your mortgage and may lose your house….

Be afraid:
http://jobstats.co.uk/jobstats.d/Rates.html

Doing another update now. The latest figures are not much better

[wendigo100]

Housing Market is "sliding rapidly". A whole 0.5%?? Better sell up quick.

Jumping just a yard out over the edge of a cliff won't hurt you either...

[SandyDown]

Why should this be doom news? I presume someone already have a house then you can afford to pay your monthly existing payment, interest rate is not changing, so good news.
If the value of the house decreases, I hope you were wise enough to have enough equity in the house to absorb the decrease (lets face it the previous increased value was only theoretical)

If you don’t have a house, the prices are down at last you can afford one – good news


If you have a BTL, there will always be people who want to rent!!


The doom news IMO would be if job market goes belly up.. then you wont be able to afford your mortgage and may lose your house….

[wendigo100]

Keep up the rent boys and girls, it's cold out there.

Rent boys? Couldn't I just use a blanket?

[AtW]

PS. over a year, houses are still rising 3x faster than inflation.

Yes and when price falls further they will be saying that over last 4 years prices are still raising, even though anyone who would have bought house in the last years or two would have negative equity.

[DimPrawn]

Jan 2008 ... the first 'negative equity' stories will start...

Yes, the 200% rise seem will create negative equity when they fall 0.5%

PS. over a year, houses are still rising 3x faster than inflation.

Keep up the rent boys and girls, it's cold out there.

[Troll]

Jan 2008 ... the first 'negative equity' stories will start...

[oracleslave]

Housing Market is "sliding rapidly". A whole 0.5%?? Better sell up quick.

[Spartacus]

Amen.

Someone else with some good sense.

[DimPrawn]

Au contraire, boomed I think you will find...

Better buy that off-plan city centre two bed BTL flat while it is still cheap.

Amen.

[Spartacus]

doomed

Au contraire, boomed I think you will find...

the annual rate of house price inflation [is] 8.9 per cent for the year to the end of October

Better buy that off-plan city centre two bed BTL flat while it is still cheap.