Housepricecrash.co.uk - what a bunch miserable buggers. Can I get some normal folks opinions please?

[DaddyCool]

.... and not some 45 old wally still living with mother and bitter because he spent all his money on model trains instead of a down-payment back in 1998?

Not a good cross section on there at all.

Is it going to crash do you think? Please give me your opinions. As far as I can see it's a 50/50 split on the nation's opinion but I would like to see how similar people to myself (parents with small children) think.

I think they will come down maybe 10-15%.lots of property hanging about atm inc mine!Seems that people just can't afford the 7-10x salary!Interst rates are rising and some lenders already changing criteria!

No, it's not going to crash.

It will never be good value for money.

If you want that, leave the country.

That's it, really.

We've got two more years here and then we're going to have to move on, I think.

some regions seem to be propping up others as well. its weird. I keep hearing about demand but my 'hood' in the midlands just aren't selling houses it seems. i'm looking at the ones on the net that i saw three months ago and a friend of ours has just taken hers off the market after 5 months of zero viewings.

weird.

On this sort of subject... Would anyone think it was even remotely sane to borrow way more than you could afford to pay off over say 30 yrs or so, counting on selling the property at retirement if neccessary and moving down. We know people that have done this and think we're mad to stay in a too small property whilst we have a growing family. It's tempting but I think I'm too cautious to seriously contemplate it. But we really need to move. And there will be some money coming our way when my parents die/sell their home.

move on where expat? Not back to the US?

Yes, in SE22 and some people have been chancers, but prices are still astronomical. We don't need a bigger house so are lucky, but our house has risen over £200K since we moved a couple of years ago, and that is quite mad.

God, could be closer to £250K or more.

expat don't be so sure!I have renovated 8 houses and know lots of agents and for the 1st time ever a few of them are saying it is faltering and they are selling a fair few repossessions Agree about getting out though we do get ripped off here

Orm - Only if you are certain that house prices will continue to rise and you can afford the mortgage (perhaps repayment only)

rising still near us and tbh when the crashes happen historically it seems prices just coast - dont really dip - or maybe demand just lessens..

things still being snapped up here and when i open the paper each week i am still agog at prices...

We looked at interest only to get a bigger property with the view of downsizing in 16 years time but you need a 50% deposit then the actual moving costs of say £15k - stamp duty, fees, moving, solicitor etc. We're taking a payment holiday to save up and then spend £15k on the house we're in and we've just accepted that we are stuck here for the forever!

As my DH says these people (usually referring to the Daily Mail et al) have predicted 29 of the last two recessions.

My mother is half-French, DC. They are there just now looking to buy and are being, shall we say, rather encouraging that we should join them.

And it's beginning to look tempting to both of us.

They're moving around considering many part of Continental Europe, however.

they're slipping here definitely. I had my house on the market since last August and just took it off and we were unable to sell, but similarly lots of other houses have come on to the market and have either not sold at all, or have been gradually reducing their prices and still not selling. so either people don't want to pay those prices, or the market is over saturated with property.

redditch? no. Warwickshire.

There was a small chalet bungalow for sale by auction in a village near here for 170k about 10 months ago. It's currently up for again 420k - yes with a small extension and looking a lot smarter but that's a hell of a price rise!

I'd be too scared to do that Omnian, having been through repossession as a teenager (mortgage companies can call in the loan if they feel like it at any time, you know). What if the housing market is sluggish when you retire and you can't sell when the loan needs repaying or don't get enough money to meet your obligations? What if your parents end up in nursing homes for five years so their house value is spent on fees? What if you are made redundant at age 55 and can't get another job to meet payments?

The property shortage is not evident here in Brighton There are 100's of boards everywhere but not much selling

Oh I know edam! That is why we haven't done it. There will be money for us whatever happens to my parents - they've ring-fenced some for DB and I. But it is tempting.... need some more space!

Mind you, my caution has meant I've really missed out over the past five years by not borrowing more money and not having a bigger house worth more than this one is.

see now that is weird noddy. I think Brighton is a lovely place. you'd think that was high in demand.