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Original poster

Can’t wait for the big crash

281 replies

HPcrashingdown · 26/02/2023 17:38

I can’t wait for prices to come back down. It’s absolutely ridiculous how mental prices have gone. I will be just waiting with my hefty deposit ready to buy my forever home. It will be great.

OP posts:
SweetSakura · 26/02/2023 18:12

Seaitoverthere · 26/02/2023 17:42

Is it let’s see how much we can wind Mnetters up at another forum day or something ?

Evidently

Not sure if it's linked to a full moon or something...

PriamFarrl · 26/02/2023 18:17

Seaitoverthere · 26/02/2023 17:42

Is it let’s see how much we can wind Mnetters up at another forum day or something ?

Yep. The blokes over at HPC are rubbing their little ‘hands’ with glee getting one over in all the silly mummies.

PriamFarrl · 26/02/2023 18:18

IncessantNameChanger · 26/02/2023 17:48

A mega crash has been talked about since covid, so where is it? My house has almost doubled in the ten years since I bought it, if I'd waited for a big crash I'd never be able to offord this house today. Sobering though and I'm very grateful we bought back then tbh

Show quote history

A mega crash has been talked about since the 90s.

WalkAwaySugarbear · 26/02/2023 18:23

Where's the crash? My home has gone up by £60k since we moved in a year ago.

You may be able to negotiate more on your next home as the market has slowed, the buyer has more power than 1-2yrs ago.

However, good luck getting a mortgage under 1% for 5 yrs, they seem to be 4-6% at the moment.

Treetopviews · 26/02/2023 18:28

Is this bungalow Tony or one of his mates again?

SliceOfCakeCupOfTea · 26/02/2023 18:29

If there was a crash and all our homes are worth less than when we bought them...do you really think we'll sell?
You might be lucky and a family is being made homeless or someone dies and a house becomes available, but I'm not sure I'd be taking so much pleasure in that...

Overthebow · 26/02/2023 18:30

If you have a big deposit why haven’t you already bought? A crash isn’t necessarily a good time to buy, especially for first time buyers. Anyway, I can’t see a proper crash happening, a slight decline and stagnation but not a big crash.

greenbackers · 26/02/2023 18:31

Treetopviews · 26/02/2023 18:28

Is this bungalow Tony or one of his mates again?

He probably didn't get the response he hoped for to his fully paid off bungalow and sent one of his HPC mates along.

CrapBucket · 26/02/2023 18:34

Chinny reckon

TedMullins · 26/02/2023 18:37

FrostyNethers · 26/02/2023 18:02

Negative equity only affects people if they want to sell though right? Houses they want to move to will also have reduced in price?

I can’t feel sorry for people who already have the security of their own home, have been paying off their own mortgage so they have an owned outright property eventually and the comfort of their own home in their old age and something to leave to their DC while people like me have been at the mercy of landlords in insecure and substandard housing, looked down on as a tenant, having had to pay over £200k off other people’s mortgages, can’t afford to save a deposit due to ridiculous rents or buy a house despite having an household income of £80k a year now as mortgage wouldn’t be enough to cover it.

A 3 bed bog standard family home in my area is around £400k! Ex council houses too.

I’m with you OP. This situation has gone on for too long.

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I’m a homeowner and I agree with you. If you’re going to buy an asset (not that I think homes should be profit-making assets, but that’s another conversation) then surely you go in with the awareness that it can go down as well as up in value. Unless you desperately NEED to sell negative equity isn’t really a problem. I would like prices to go down. I didn’t buy my home thinking I was guaranteed to make a profit from it, I bought it as a secure place to live, and I’ll still have that even if it goes down in value.

Indigoshift · 26/02/2023 18:37

Clearly house proces will crash in a vacuum.

FuckeNell · 26/02/2023 18:37

yawwwwwwn

Notaflippinclue · 26/02/2023 18:40

Cost of building materials have almost doubled recently- new builds are just gonna go up and up.

ShandaLear · 26/02/2023 18:41

A mega crash has been talked about for 30 years. Not going to happen. There simply aren’t enough homes. It’s one of the reasons house prices are so high, and if anything, there’s even greater pressure on housing than at any point in the last 30 years.

Sotiredmjmmy · 26/02/2023 18:42

Wishful thinking, within the industry the market has picked up a lot over the last month, mortgages rates levelling out etc

Treetopviews · 26/02/2023 18:43

greenbackers · 26/02/2023 18:31

He probably didn't get the response he hoped for to his fully paid off bungalow and sent one of his HPC mates along.

Show quote history

😂 sent his mate to sort us non believers out.

ThroughThickAndThin01 · 26/02/2023 18:43

HPC forum obsessed with what MN think. …again. Boring now HPCers.

Crazykatie · 26/02/2023 18:48

There won’t be a big crash, yes there will be a few who have to sell for less than they want, most will take a few years interest only on the mortgage. Because of death and divorce there are always houses that have to be sold maybe at a lower price but not a big crash.
The very last thing mortgage companies want is a “crash” they will help in all but the hopeless cases

Meandfour · 26/02/2023 18:49

BreviloquentBastard · 26/02/2023 17:42

If you have such a "hefty deposit", why do you need the prices to drop exactly? Weird flex to say you have a hefty deposit but apparently can't afford to buy without a market crash.

This 😂 so hefty she can’t afford to buy until there’s a crash.

Fedupofdiets · 26/02/2023 18:50

Oh helllo again Tony. You were boring the first time and now you're tying your goady tactics instead. Must be a boring night in the bungalow.

pilates · 26/02/2023 19:01

GF

Original poster
HPcrashingdown · 26/02/2023 19:05

If the prices go down, negative equity or not, the house you might want to move to will also be cheaper. So it benefits more than just first time buyers. It has to come down. And you know what. People who overstretched themselves just to keep up with the joneses don’t get my sympathy. They’ve just driven the unrealistic prices.

OP posts:
Original poster
HPcrashingdown · 26/02/2023 19:06

What’s HPC btw?

OP posts:
Florissant · 26/02/2023 19:08

WhenisitmyturntobePM · 26/02/2023 17:42

I am also waiting to buy but I would never write a post so goady and which takes so much glee in other people’s misery. Not your finest moment, OP.

Well put. Goadiness is never appealing.

And, OP, others will be waiting with their big deposits, which might be bigger than yours.

Saturdayafternoonnap · 26/02/2023 19:09

Tony back then?

I work in the business. Prices go up and down, demand goes up down. I know dozens of sellers and buyers just waiting for the market to stabilise a bit before they jump back in.

Basically, stop winding people up.