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| The UK housing market: a bubble about to burst? |
No doubt the figures are based on statistics but.........
by Shareholder
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#1000190
of 3278
 06 Aug 2002
02:45 PM |
The regional variations are enormous, the 20% means very little . Some areas even go down and some are increasing by huge amounts.
Still the cost of painting a house or repairing the gutters is the same almost everywhere.
So it is position,position,position that matters.
Prices will continue to soar, as the stock markets plummet and interest rates remain low.
Do you think Osama B L is in the building trade?
We know he is! It was his attack that caused the huge interest rate decreases and stock market declines.
It was the stock declines that revealed the tricky accountants and that led to furthure stock declines and the rush into property creating soaring prices.
Cash in and buy a place in the sun. Viva Espana! (stay away from the terrorist areas) |
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The Survey Says!!
by Waiting for the Crash
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#1000189
of 3278
06 Aug 2002
02:29 PM |
The recent surveys by Nationwide and Halifax mentioned below, have indicated that house prices HAVE gone up by 20% in the last year, NOT that they will go up by a further 20%. Usually these monthly surveys would include a prediction for the future and in my opinion, the lack of one says more than the survey itself.
If they were to predict a 20% drop in values for the coming year, the housing market would come to a grinding halt as those considering a purchase would wait for at least a few months. |
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CALM DOWN!
by I've bought a home
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#1000188
of 3278
06 Aug 2002
01:41 PM |
The only people likely to give you an unbiased opinion on the housing market will be those who do not own homes. Unfortunately they are also unlikely to be informed.
Everyone else has a vested interest in this subject (both homeowners and mortgage lenders alike) which I think accounts for some of the ridiculously conflicting reports we are getting (combined with such volatile financial markets that the outlook changes daily). If unemployment rises significantly along with interest rates then we will see a slowdown. But there is too much demand for there to be a crash in London, which is why prices have risen so astronomically in the first place. |
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Housing Market
by London Dweller
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#1000187
of 3278
05 Aug 2002
02:01 PM |
| The housing market is in the news once more as more and more people who live and work in London, as well as other major cities like Edinburgh and now some parts on Manchester cannot afford to buy Houses', my point is we are being told house prices are going to goup once again by 20% but who by, Nationwide and Halifax. But should we really listen to the 2 largest mortage lenders in the country since if the prices where to drop this would be incredibly harnful for both companies. In my view this is far worse than the latest cases involving equites and spitzer since this invloves a by far larger number of people. It would be interesting to see a completly yet informed non bias view of the uk housing market and i would expect we would see a different picture |
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MONDAY 5 OF AUGUST, INTERNATIONAL FINANCIAL SOLIDITY DAY!!!
by Hugo Martín
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#1000186
of 3278
03 Aug 2002
07:06 AM |
AGAINST THE PEOPLES WHO THINK THAT THE FINANCIAL SYSTEM IS NOT GOOD, IT PROPOSES TO DECLARE AUGUST 5 THE INTERNATIONAL FINANCIAL SOLIDITY DAY
We kmow that the financial system is solid and that the present problems are not inherent to the globalización of the markets nor to the financial activities.
For this we propose TO DECLARE MONDAY 5 OF AUGUST LIKE INTERNATIONAL FINANCIAL SOLIDITY DAY and to demonstrate this and not to leave place to doubts it is that we requested to him that MONDAY 5 of next August concurs to their bank and retires the money (that is the savings of all its life), since the system is solid and can respond.
We must demonstrate to them that the first houses of the banks protect to us next to the IMF and to the World Bank.
We propose:
1. On MONDAY 5 of August YOU WILL go to the bank and WILL retire all the MONEY of all the accounts in the required currency.
2. THANKS to the bank operator by its amiability.
3. Promise to deposit the retired MONEY in 48 hs.
The system will demonstrate to us so:
a. There are not problems.
b. All ok!
c. That in definitive we do not understand anything of economy.
For that reason WE DECLARE AUGUST 5 INTERNATIONAL FINANCIAL SOLIDITY DAY of way that institutions how the Great Banking Groups, the International Monetary Fund, the Federal World Bank and the Federal Banks of the different countries demonstrate to this one sleeve of idiots (that thinks that this is all a bubble) that is not thus and that will defend our interests with their patrimony.
MONDAY 5 OF AUGUST, INTERNATIONAL FINANCIAL SOLIDITY DAY!!! |
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The Property Mafia
by Heidi
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#1000185
of 3278
02 Aug 2002
06:09 PM |
Acc. to French TV, this seems to be a new phenomenon in France (esp. the south of the country) where owners of properties with potential for development e.g. vineyards or houses with large grounds, are being "pressurized" to sell. Some have surrendered to the pressure to sell, but others have started to form "associations" to protect themselves. As the property market is softening
(due to the economic situation), this fact works against the pressurized sellers apparently, by driving the prices down. |
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house prices
by J
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#1000184
of 3278
02 Aug 2002
04:28 PM |
C'mon, no one really knows what will happen.
Most of the comments start "I think" but they really mean "I wish". Be it a crash or a further boom. |
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Re – Ken Comparing the housing market
by Burry
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#1000183
of 3278
30 Jul 2002
10:16 AM |
It is true that there are differences in areas.. in Sedgfield for example, prices have hardly moved since the last housing crash.
The lack of housing in certain areas has put up prices e.g. London East Anglia South East. But the fact that there are areas where housing prices have not risen is pretty much the proof that it is lack of offer that has made housing prices rise, & not general costs such as building materials or labour.
It should follow that increased offer of housing would lower prices in those areas where, today, demand has outstripped what’s on offer..
Of course market manipulation will be attempted by restraining the offer of housing, but as recent events in the stock exchange have shown, market manipulation will only get you so far. |
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Comparing the housing market
by Ken
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#1000182
of 3278
30 Jul 2002
09:32 AM |
| Like a lot of areas of investment, you can't just look at one market i.e. one housing market, but people do. During the technology boom a lot of unrelated shares were also driven up and thus, were probably over priced. Similarly there are areas in the UK where house prices have risen even where there have been no discernable change in demand. However cities like Edinburgh and even London still have a large demand for property. Especially Edinburgh with it's fast growing financial centre and increasingly wealthy population. There is no reason why prices should fall in these areas. |
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Bubble for bursting??
by Rob
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#1000181
of 3278
29 Jul 2002
05:26 PM |
| Basic economics - demand is still outstripping supply. The subject has been hotly debated for years now, with no sign of let up. However, continue the negative feeling of the markets with poor consumer confidence - we could talk the crash in to reality. If everyone just calms down, the market will as well - with no one losing |
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UK housing market
by FAT CAT
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#1000180
of 3278
29 Jul 2002
05:16 PM |
INTEREST RATES NOW AT 4%
IN THE 80's THEY WERE 15% |
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The UK housing market: a bubble about to burst?
by Ken Pegg
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#1000179
of 3278
29 Jul 2002
03:53 PM |
| Yes |
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House Prices
by DD
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#1000178
of 3278
29 Jul 2002
03:52 PM |
| Pls vote no....the more a boom bust cycle is predicted the more it will come to pass...the basic fundamentals are a lot of people want to move with not a lot of the right properties in the market....mortgage payments as a percentage of household income still hugely lower than 80's. |
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Mortgages are less affordable
by Beware
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#1000177
of 3278
29 Jul 2002
02:36 PM |
‘Mortgages are more affordable’ is the spin from the vested interest groups in support of the latest pyramid scheme – the property market.
This smoke-and-mirrors statement ignores the burden of debt issue. When inflation was 9% it took 8 years for debt servicing and the capital debt burden to be eroded by 50%, with an inflation rate of 2.5% it will take 28 years to reach the same position. Therefore even without the current boom in prices the future burden of debt is far greater. When combined with the popularity of interest-only mortgages and lenders not requiring repayment vehicles the problem of capital repayment is compounded.
The crash will not be like the early nineties; negative equity will last a generation due to the current temporary injection of speculative money and lax interest rate and lending policies having forced the market so far above trend that the resultant bust will be far more severe. |
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housing boom
by woody
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#1000176
of 3278
29 Jul 2002
01:57 PM |
Housing booms in the past have been precipitated by particular events such as the removal of double miras in late 80's. we do not have that situation today. What we do have is low interest rates, stable employment, demand much higher than supply.
This is so true at the lower end of the market as buy to let purchasers enter the market. Equities do not provide returns comparable with property so more demand.As demand softens over time the housing inflation will slow. But not yet. |
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