House price crash

[FabulousSophie]

I've been having a horrible experience on a website forum called HousePriceCrash.com.
I happen to believe house prices will fall significantly, which is why I went there to find out more, but many of its members behave in such a paranoid and hostile way towards anyone who dares utter any dissent towards their very particular and obsessional group beliefs. They repeatedly accuse other members of being undercover operatives for the property industry - they seem to have a grandiose idea that they are so dangerous to the property industry that the industry wants to damage them by sending undercover operatives to 'troll' their forum. They almost seem like a weird religious cult that does not tolerate heresy amongst its members, or else they will be publicly degraded and excommunicated from their church.
It seems populated almost exclusively by men, I think. One of its members seems to have become obsessed with me in a nasty way, and even though I have never responded to any of his repeated public comments to me and about me, he won't stop pestering me. He gives me the creeps. I know it is only cyberspace but I still find him a bit scary. Does anyone else have any experience of this forum?

I can’t remember the stats and I’m certainly not gonna make them up but there’s an enormous percentage of landlords that do not have a mortgage.

And you make my point beautifully for me, with extra emphasis on the sophisticated use of "LOL".

Much much easier to drop rents to keep tenants in that case.

Er okay then 🤷‍♀️

Please dont feed the troll.

Does your experience of being a landlord say otherwise, or are you just making stuff up?

I've been a long time reader and member of HPC.
I will say, it did save me and my other half about £150k on our current house. Having sold in 2008, we offered on a place asking £900k, but the offer was refused just before the Northern Rock. About 12 months later they accepted £750k. As it was a property company that had bought the property in part exchange, they just wanted the cash in the end.

How did that site save you anything? Prices went down. Sometimes they went up.

HPC convinced us not to put in a higher offer, and we moved to rented whilst the crash played out.

That £150k saving, is probably now worth £300k, what with the bounce and having a smaller mortgage.

As PP have said, even a broken clock is right twice a day.

Some people may have saved money by listening to HPC but there are probably way more than have lost out because HPC seem to be constantly insistent the market is about to substantially crash!

Prices rise and fall. Always have, always will. Some drops will be large. Some rises will be meteoric. We’re just returning from house prices rocketing. It’s a cycle that repeats time and again. HPC are caught in a doom mindset, and as such always miss signs that the market will continue to rise (when that’s the case).

They’ve got massive hardons for a market crash and won’t ever entertain a different outcome.

Great when they’re right but more often than not, they’re just bitter doom merchants.

Well I think they are right at the moment, even if it is just the hour hand. And too be fair many on the site recognise when House Price Inflation is likely to occur - that to them is doom.

Also, just to say, quite a few of the more flavourful /interesting characters did jump ship off HPC to another site called https://www.dosbods.co.uk/ , think that was mentioned earlier in this thread.

Dosbods is hilarious, but seem to be grounded in more hardened reality.

Ooh this thread is a blast from the past. Back when @Crashytime was called @DeadHouseBounce - still had that dodgy keyboard even then!

Isn't it just - and history just repeats itself.

Wonder how many are kicking themselves for waiting. Perhaps now priced out.

There are perma bears and perma bulls.

The bulls have had their time in the sun for the last decade. Now it is time for the bears to have their time.

Bad decisions now can take years to correct. People on my street who bought at peak in 2007 took until 2018 to recover their purchase price. This latest crash might put them back to 2018. That is a long time if you are a FTB'er hoping to move up the ladder.

The decisions people take now could well either put them in NE for a decade or set them up for life - the amount of money involved in housing transactions is non trivial compared with most peoples wages.

I’m a landlord with no mortgage - I have my own small residential mortgage but nothing on the flat I let out.

I never raise the rent as long as the tenant stays. Six years so far for my current tenant - I only go to what the market suggests when they move out and someone new comes in. Funnily enough they always really look after the place!

What crash?

In London at least house prices are back to pre covid levels in most boroughs.