Reply to: House prices: What will 2012 mean for the housing market?

[fullyautomatix]

City centre flats like in Birmingham city centre will definitely double in value in the next two years. It is an investment opportunity not to be missed. Its a no brainer to utilise the worthless GBP and invest in property.

[hyperD]

This time, rather than letting house prices fall, they're going to take the whole economy down instead.

Yes, there's an awful lot of effort in keeping the last remaining pillar of the illusion of personal wealth up there flying high.

Interesting times indeed...

...now, where's my bottle of Cristal...Eh, what do you mean, it's a bottle of Babycham? Bastards!!!!!

[Jeff Maginty]

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[AtW]

Just 5 years of 6-7% inflation will half house prices in real terms ... pity salaries won't go up as much to reflect it.

[Jeff Maginty]

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[Jeff Maginty]

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[TimberWolf]

This time, rather than letting house prices fall, they're going to take the whole economy down instead.

[DimPrawn]

crash? not a chance... government far too busy dreaming up all sorts of schemes to prevent that.

WHS.

Prices only "crash" when there are large numbers of forced sellers who have to sell at a loss and a matching number of buyers in a position to either pay cash or get a mortgage.

Nobody willingly sells at a loss, instead they wait for prices to rise and stay put. People don't just wake up and think, "you know what, this £500K house we bought in 2007, lets sell it for £200K and then live the next 5 years with debt collectors hounding us for the other £300K making our lives a misery"

Govt "schemes" are taking taxpayers money to prop up BTL speculators (most Tory MPs are also property speculators). Banks are not repossessing due to govt pressure for forebearance and not to tarnish their already battered balance sheets with writedowns.

Therefore, no chance.

As Kirsty as rightfully said for the last decade "property only EVER goes up". In worthless pound sterling she is bang on.

HTH BIDI

[Mr.Whippy]

The house price crash is imminent, I am telling ya!!!

crash? not a chance... government far too busy dreaming up all sorts of schemes to prevent that.

[AtW]

The house price crash is imminent, I am telling ya!!!

[Mr.Whippy]

Would be interesting to see what these so-called "experts" predicted for 2011 last year.... see just how right/wrong they called it.

[sqlash]

That was sarcasm, but clearly you missed it.

Incorrect, I advised ATW to wait before buying.

[sqlash]

That was sarcasm, but clearly you missed it.

ah no - you did in my post.

[Mr.Whippy]

yeah, of course they will...........

That was sarcasm, but clearly you missed it.

[sqlash]

Don't know, and don't care, i rent my current house for £595 a month (split between two) and it's worth 350k. Happy to live in other peoples houses whilst saving a massive amount to buy a decent house with no tulip neighbours. If anyone wants any advice on renting mansions for peanuts give us a shout.

Exactly, couldn't agree more - quality of life matters most.