UK Landlord Forum / Life

Quote
HOME owners received a double dose of good news yesterday as experts dismissed predictions of a property crash – and Britain's biggest mortgage lender cut its rates.

Despite doom-mongers' gloomy forecasts, house prices remain up on last year with annual growth at 1.7 per cent last month.

The figure comes as Halifax announced it is to cut some mortgage rates by between 0.10 and 0.20 percentage points for existing customers, potentially saving them hundreds of pounds a year.

John Wriglesworth, housing economist at Wriglesworth Consultancy, said: "There is no sign of a property crash and never has been. Predic-tions otherwise have been grossly exaggerated. What we have seen is a small correction from a massive peak and there is very little chance of falling into an abyss.

Source here

If anyone wants to read the responses by the referenced "doom mongers", go here to read the thoughts of the House Price Crash community.

Good times. Good things.

My god that link to house price crash is so funny, imagine having those w@nkers over for a dinner party!! I was about to cut my wrists then read lucky jim who was brave enough to speak out, amazingly they then censored him !!!!!!
. Luckyjim said...
Its a shame websites aren't covered by the press complaints commission.

This website has been predicting a house price crash for the last three years.

It ain't gonna happen. Get over it.

Tuesday, May 20, 2008 09:30AM 

hahah good ol' Jim.

Love it.

Thanks for that, Hopson!

Prices won't crash - just the no one will be able to buy or sell!

Absolutely love it. Im getting tired of people predicting an 'eternal night' of house price falls. The arguments seem to have more to do with jealousy than logic. Still, us budding landlords should be grateful. I actually think there will be a crash but that it will bottom out by end 2009. In the long term, though, there is only one direction for property.

Good luck to all. Love this site.

DM

Quote from: housepriceboom on June 08, 2008, 12:07:33 PM
Absolutely love it. Im getting tired of people predicting an 'eternal night' of house price falls. The arguments seem to have more to do with jealousy than logic. Still, us budding landlords should be grateful. I actually think there will be a crash but that it will bottom out by end 2009. In the long term, though, there is only one direction for property.

Good luck to all. Love this site.

DM

I completely agree!