How far will house prices fall [volume 4]

[crankedup]

B.O.E. breathing increase in base rate is enough to stabilize prices, the price correction (not drop)comes as the rate increases become reality imo.

[Randy Winkman]

anonymous said:

[redacted]

I agree. Then the effects can either be blamed at the new government or (if there isn't one) people will have time to get used to it before they vote again.

[crankedup]

anonymous said:

[redacted]

Agreed, although I still say that as soon as the BOE breathes an increase those less well built and intellectually inferior to us PH'ers will pull up the drawbridge prompting early signs of property market price drops imo.
I'm not agreeing about Carney towing the line with Government either TBH.

[Sonic]

anonymous said:

[redacted]

Absolutely agreed.

[Walford]

What if we vote to exit the EU

[Bluebarge]

Walford said:

What if we vote to exit the EU

Remember what the No camp were suggesting would happen after a vote for Scottish independence? That will happen.

Which is why we won't be saying Au revoir to the EU - the capital flight just leading up to a referendum would be painful enough.

[Walford]

its not Chinese democracy, people wont be intimidated like the scotts were, the only way the UK can stay in the EU is if we dont have a vote, thats why B,lair brown kinock millibum clogg mandelbum all dont want a vote

[Esseesse]

Ari said:

Esseesse said:

House prices expected to 'dip' next year. http://www.theguardian.com/money/2014/oct/06/uk-ho...

Less than 1%, can a prediction really be that accurate?

If there was a dip overall I assume it would be lead by London where things seem to have got a bit heated. Elsewhere flat?

Guesses - sorry, estimates - have never been wrong before...

Also I wonder if their 0.8% is in real terms... so the actual numeric value would still go up even in a 0.8% drop when adding in inflation.

Unless the actual numeric value went down I don't think many would really 'feel' that there had been a drop in prices.

[jonah35]

Sonic said:

anonymous said:

[redacted]

Absolutely agreed.

I agree. Going one step further I think the amount of mortgage debt some folk are in means interest rates may not get above 2pc for years.

If they went back up to 5% then a tracker would go up 4.5pc so on a 200k mtg thats another £750pm. I think half the flats in london would be repossessed.

[Walford]

jonah35 said:

Sonic said:

anonymous said:

[redacted]

Absolutely agreed.

I agree. Going one step further I think the amount of mortgage debt some folk are in means interest rates may not get above 2pc for years.

If they went back up to 5% then a tracker would go up 4.5pc so on a 200k mtg thats another £750pm. I think half the flats in london would be repossessed.

Intrest rates will follow the rest of the world, flat in london dont mean jack

[vescaegg]

Walford said:

Intrest rates will follow the rest of the world, flat in london dont mean jack

Um yeah they do. They matter a lot; London won't be allowed to crash.

[Walford]

vescaegg said:

Walford said:

Intrest rates will follow the rest of the world, flat in london dont mean jack

Um yeah they do. They matter a lot; London won't be allowed to crash.

so rates creep up in the rest of the world, pound starts to devalue, but BOE has to protect flat in peckham at 400k meanwhile pound down to jack sh/t against every major currency in the world, ye that's going to happen

and dont forget some of these countries, like the USA have had a price correction

.

[vescaegg]

Walford said:

so rates creep up in the rest of the world, pound starts to devalue, but BOE has to protect flat in peckham at 400k meanwhile pound down to jack sh/t against every major currency in the world, ye that's going to happen

and dont forget some of these countries, like the USA have had a price correction

.

I'll put £100 on it that it won't happen at any significant level in London in the next 2 years. Ill transfer it over to you if it happens you have my word.

I'll even put it as low as a 10% drop across London counting.

Will you reciprocate if they rise 10% in the same period?

[jonah35]

Walford said:

vescaegg said:

Walford said:

Intrest rates will follow the rest of the world, flat in london dont mean jack

Um yeah they do. They matter a lot; London won't be allowed to crash.

so rates creep up in the rest of the world, pound starts to devalue, but BOE has to protect flat in peckham at 400k meanwhile pound down to jack sh/t against every major currency in the world, ye that's going to happen

and dont forget some of these countries, like the USA have had a price correction

.

Bof e have shown their colours and house prices are their number one issue. Rates in rest of world aren't going anywhere, isnt ECb rate negative?

[Walford]

number 1 priority, your avin a laugh, they have gone up in london 20% in 12 months, god knows how they are getting on with lower priority stuff, they have just proved they carnt control London property prices, or was this in the plan?

i would bet on nothing, only me not returning to the UK if Ed and Ed (chaves)

[Magog]

Walford said:

number 1 priority, your avin a laugh, they have gone up in london 20% in 12 months, god knows how they are getting on with lower priority stuff, they have just proved they carnt control London property prices, or was this in the plan?

i would bet on nothing, only me not returning to the UK if Ed and Ed (chaves)

Their priority is them not falling. Inflated domestic property prices underpin the whole UK Economy.

[jonah35]

Walford said:

number 1 priority, your avin a laugh, they have gone up in london 20% in 12 months, god knows how they are getting on with lower priority stuff, they have just proved they carnt control London property prices, or was this in the plan?

i would bet on nothing, only me not returning to the UK if Ed and Ed (chaves)

Yes, its their priority to make sure prices don't fall.

[Walford]

jonah35 said:

Walford said:

number 1 priority, your avin a laugh, they have gone up in london 20% in 12 months, god knows how they are getting on with lower priority stuff, they have just proved they carnt control London property prices, or was this in the plan?

i would bet on nothing, only me not returning to the UK if Ed and Ed (chaves)

Yes, its their priority to make sure prices don't fall.

are you saying they planed a 20% rise for 2014 in london property

[Pork]

Walford said:

are you saying they planed a 20% rise for 2014 in london property

They predicted a 20% rise as effectively as they can predict a fall. And have similar levels of control too.

[jonah35]

Walford said:

jonah35 said:

Walford said:

number 1 priority, your avin a laugh, they have gone up in london 20% in 12 months, god knows how they are getting on with lower priority stuff, they have just proved they carnt control London property prices, or was this in the plan?

i would bet on nothing, only me not returning to the UK if Ed and Ed (chaves)

Yes, its their priority to make sure prices don't fall.

are you saying they planed a 20% rise for 2014 in london property

No but they sure as he'll made sure they wouldn't fall and thats what they did. Few people in london are in negative equity and we have sucked up lots of foreign money, collected lots of stamp duty along the way