What month will the property crash be obvious in?

[roneik]

Not doom but a question, and I would like to hear some opinions

I reckon by july

VI???

Apologies my mistake...let me correct it then...

ronelk is just bitter because he jumped 8 years too soon - he sold up in SE in 2007 and moved to lincolnshire --

since then he has watched his lincolnshire property plummet and then stagnate whilst the one he sold in the SE has soared......so he timed his departure v v v badly and has 8 years of festering bitterness to spray about with those on MN as the gap between what assets he could have had and what he is left with continues to widen....

And he is shit scared that when the next crash comes - lincs will be hit hard again - so likely going from stagnant to plummet and in SE will probably like always have a soft landing.

How much did that poor decision making cost you? How much have you haemorrhaged ? How many more hundreds of thousands is your SE house worth now than when you downsized in 2007 and how much less is your lincs home worth that you paid for it in 2007?

Ouuuch

Property has barely changed by a penny. The landlord scum buy it up. Then with the cleansing of londonia they fill em up.

You do come over as a child that has been sent to the naughty step and hasn't twigged on that his behavior is getting him on the step

Don't shoot the messenger comes to mind, I have a tad of ability that I have never prospered from , or wanted to, but it is uncanny how when I feel like I do about this coming crash, I know I will be right
So laugh if you like and take the p@@ but you will see and I will remind

Yes I can read. I was bewildered by someone measuring their net worth and spending in minis. Is the next unit of measurement a BMW 3 series?

Something I think you're right.

Go and have a test drive in the cooper s works

Then come back and tell me they would not make an excellent barter item when the mad max senario arrives for those that overstretched ,and will be rummaging in tescos bin for a sandwich even and as well as.

Painful - are you in a tight spot? Can you A the Qs?

How many more hundreds of thousands is your SE house worth now than when you downsized in 2007 and how much less is your lincs home worth that you paid for it in 2007?

How much did that poor decision making cost you?

How much have you haemorrhaged?

What an arse!!

prices have stayed the same for nearly 10 years up and down a couple of grand
You don't hemorrhage in the north. You can buy 2 houses for 150k or a five bedder for 150k
Maybe the odd place that's gone up silly but not here
The North is where you will see increases as the doughnuts from the se scramble for the closing door.

This is a region that has a lot of good property for not a lot of money.
My house cost me zilch it was part of the difference in prices between the north and south.
Hey would you not want a free house? not smart enough though are you?
So how do you lose out ion something you got for nothing and a bag of gold too

It's over

Answer the Qs!!!

OP, there is no such thing as real money. All money is a fiction. But so many people believe the fiction, it is a useful one.

Not so different in nature to the property market as you see it then...

Yeah try asking the corner shop proprietor to take some fiction for that basket of goodies eh?
We know how money is created and we know that without it we are fr@@cked
Move along nothing to see here

It's over

So another £31k average off London properties in December and £30k in November.

Getting to be an established trend methinks, hey but what do I know

Answer equals I am right
It's only £61k for just 2 months , nothing if you say it quickly to someone who earns UK average salary of about 25k

It's over

To be honest I would move away from the south(currently in Hampshire) only reason we stay is family being nearby. But when I look at the size and quality of houses further up north and where the company I work for has offices all the way into Scotland it's very tempting. Why would anyone defend the housing situation in the south?

shabbycaddy I used to work for a company many many years ago called Scats that was based head office in Winchester and had branches throughout uk . That was in the sixties. I lived in Wiltshire . Come up to the North we are not all sour up here. Earthy and friendly folks. We call spades spades and there are some lovely parts up here . Dont tell them all though or we will be flooded with doughnuts

Almost everyone I know has dropped the price of their house. Goes like this-
Get 3 agents round. One agent (Foxtons) values at far more than anyone else. Homeowner thinks oooo! Maybe??? Let's try! Who doesn't want an extra £30k?
Fast forward 12 weeks. Homeowner is fed up and frustrated. Phones foxcunts to ask why house isn't selling "well, let's try reducing the price"

Ta da, price drop. Everyone does it. It's not an actual drop in value, just in expectation

Also I have lived in London for 15 years. Since the day I arrived people have been moving to the suburbs either to start a family or after their children are a few years older and they finally give up trying to bring them up in your average London accommodation. It's always happened. People have always been priced out of London.

We owed premium Central London property (Chelsea) and first tried to sell in 2008. It was valued 3 months before the crash at £500k more than we paid for it 3 years previously. It was a ridiculous valuation. In 2008 we were told we wouldn't sell
At any price. No buyers. We waitrd it out until 2012 when it sold for the same ridiculous valuation we received just prior to the crash. It was in far worst condition as we were too skint to maintain it for those 4 years. London recovers. 4 years isn't long to wait out- you've got to live somewhere

These reductions are people who cant sell, wont sell because suddenly word is out on the streets. Also the whole picture is going deflationary mode.
You know as well as I do it's played out . Why kid yourself ?
There wont be any recovery for the south east in the next decade and maybe two decades

It's over

Yesterday has gone, we cant get back yesterday

It's over

None has been clever that rode a wave, but have ridden a wave that sadly for them has like all waves dissipated

It's over

Your last 3 posts make no sense to me

That is because I am the seer and you cant see
Just for you, these people, smug greedy bastewards that think they have been smart and clever . Were not, the way the economy has been run has meant they have seen their property rise. The economy is now F@@ked
The economy is property now, and it's f@@cked

Howard Archer, chief UK and European economist for IHS Global Insight, said:
Prices would rise in december and november by 0.5%
So I was right and he was wrong
I claim my prize of five English pounds and a voucher for the food bank, which I will donate to a needy overstreched trough dweller when the crash reaches warp speed in July

It's over

Don't worry Elton most of his posts don't make sense.

But one question remains.

Don't know if anyone knows this.

But....

Is it over?

No to make a real impact you should scream " mum are we there yet"

I almost feel sorry for you ronik. You clearly don't understand data analysis and statistics- not even enough to realise that your armchair observations from a property sale website prove bugger all to anyone. There is no point really trying to explain why you are SO removed from offering decent well backed up opinions as you strike me as that breed middle aged man who is too arrogant to realise how stupid the things he says are.

But a price crash was predicted by some expert body who always get it right. Down 8% by October. Not sure if I'd call that a crash. But don't count on ever rising prices. That's foolish.

What expert body? Where was it down 8%?