House price bores this way, please...

[southutsire]

If you would like to discuss and pointlessly speculate about the housing market, please post here, so that I don't ruin dinner parties and every conversation I have in RL by boring everyone to death on the subject.

What do you think will happen in the next months and why?

Oh right. It's Lambeth I'm talking about, so that explains it. You're good you are

Comes from being an obsessive wannabe-FTBer... and being married to a reporter who insists on getting all the newspapers. They're full of it at the moment!

Me too Southutsire. I am DYING for there to be a crash, I will cheer if there is. But am aware that it's because I want to buy a house and we're more or less ftbs

1M house slide according to the telegraph this is the weakest link...

I suppose we need to wait until after Xmas bonuses to see if it is true or not

wow - just checked out Property Snake - thanks whoever sugfgested it. Can't believe the drop in prices really.

Just been out to buy some crisps and I think prices are starting a bit lower round here [grin[

yes DH was reading one of the free property rags this afternoon and I was looking at the details online - some of the prices were 5-8% down from the mag

hope you enjoyed the crisps

your hair looks nice btw

Thanks
I'm ashamed to say it's my first hair cut since db was born!!!!!
(Did get it done just before so I looked nice in all those photos )
I'm still very snowed under have bl%%dy exam to set this weekend!
Next year we msut swap some babysitting.
Holiday is off (to some relief actually with MIL recent behaviour and amnt of work we have) looking forward to next week.
crisps were good but not helping me shift the lbs

off to check proprtysnake havn't looked for a while

well we have been to see 3 places today
2 were v overpriced imho - just worked it out to 5K per sq m!!

Blonde I think theres just a lot of overpriced crap on the market at the moment, most has been hanging around for ages. Lots is up for rent as well as for sale (rental prices way under mortgage repayments!!)
Not that I'm looking of course

I agree, 2 had been on the market for sometime, one of which is now being let short term

I have emailed you some pics of the big project option - the whole place needs rewiring, replastering, a few walls removing, plus of course new plumbing, kitchen, bathrooms!

Doom and gloom on house prices in The Times on Friday too.

Viewed two yesterday but the agent was so pushy it put me off.The lies were obvious as I knew that one of the properties was an empty buy to let which fell through in september but agent said wasn't it nice of the owner to go out for us to look around?!?!?! There were no beds in the place fgs it was empty and no onewas living there.Desperate times ahead according to brown who actually caused this mess.Definitely wait until after xmas A major correction has already started according to some economists its just that home owners are going to take a while to accept that their houses aren't worth what they were.

Agree noddy holder it's pretty obvious even to me (and I'm not looking honest )been a long time coming, now we shall have to see if my 'the longer it takes the harder the fall' prediction is true or not

I think people see xmas as a psychological barrier and a new beginning and I think houses which haven't sold will be offered lower in the new year to get things moving.

yes hopefully they'll be more coming onto the market in Jan

I'm not sure about that... I hope it's true, but think we're more likely to get a little bounce as the last vestiges of optimism have a little run around, before getting squashed to oblivion. I am expecting the drops to really kick in the 2nd half of the year. Don't underestimate the reluctance of people to accept less than they think their home is 'worth'. I reckon most sellers will end up chasing the market down rather than drop their price early enough in order to sell.

May I post this graph again as I feel it has been insufficiently appreciated.

The classic course of events in bubbles since the dawn of time...

lol at the graph Southutsire!
commercial property doom

Sub prime time bomb

using your home as an atm

southutsire - I like the graph but I want things to drop now so I can move!!!

Another graph to cheer the hearts of first-time buyers

Happy Christmas

Just spotted this. Unbelievably, it's from HSBC!

UK house prices 30% overvalued

Cover of tonights standard saying the same.Antbody looking to buy needs to hang on!

How did I miss this thread? another obsessive here. We sold to rent in August - feeling quite smug now although when announcing our plans in about June (we dropped out of a purchase on concern we didn't LOVE it and it was ridiculous amounts of money and our flat had sold for an inconceivable amount under sealed bids) we were uniformly greeted with scorn, pity and incredulity. Starting to be replaced with appreciative nods, I'm pleased to report

One thing is I think when people compare renting and buying they forget the opportunity cost of their capital i.e. the money that would be earning 6+% in the bank if it weren't in their house.

we str in august too Fingers crossed!