UK Landlord Forum / Life

http://www.ft.com/cms/s/0/071ea3da-61d6-11dc-bdf6-0000779fd2ac.html
http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=7470&cat=44-0-0
http://www.moneyweek.com/file/34865/uk-house-prices-start-to-fall.html

Should homeowners be worried? Do you think the Uk housing market will follow the current situation in America?

Uk trends generally follow the states.
House prices lets face it need to drop alot to get to where they should be.  In line with wage and general growth stats.  I am not going to worry just yet



Badger

Yeah, I agree.

I think prices will dip, and need to dip, but i'm not worried just yet.

I'm hoping there won't be a complete crash, just a gradual slowdown, to a decent state

Wishful thinking, maybe?

I think everyone will panic about them dipping but the rates disasters currently being talked up won't happen, and the market will be showing signs of recovery within 6-12 months. If its still not straight in 18 months, that'll be something to worry about.

Any of you guys been on housepricecrash website?

Awful place

Kind of amusing that all the little arrows on their charts are going up, though.

Wonder how they compile their data ...

They get data from official statistical releases from various lenders and housing indexes e.g halifax, land registry. The data is pretty reliable, because it's from a combination of several places.

The site is full of cynics, though. And they're all just waiting for a crash. I've read a lot of interesting reviews about the site, and I often browse the site for entertainment value.

Granted, a lot of the data on the site is really useful. But the attitude of the members really sucks =/

I was reading a blog news entry the other day, and it was basically saying that prices in london had risen. And their comments were like, "hahahaha, we'll see how long that lasts for...can't wait for the crash" That's their general attitude, for the most part.

They're insistant the crash is coming and they can't wait for it. I don't mind that, but they're so smug about it.

*rant over*

(for now)

There is always alot of scare mongery when it comes to money and the borrower.  If the banks want people to think about there cash and assets, topics like property crash will tend to make people htink more about there own wealth.  There has been talk also over the last few days of a crap xmas due to people looking after any cash they have, as rates, people have been told will keep going up.  Another good way to make people think about there bank accounts.


Badger

The media love drama. I have a pet theory that they're destroying civilisation.


V

A case in point ... today's Money Week "Money Morning" mailshot is headed: "Is Britain heading for a Japanese-style lost decade?"

Its the latest in a long sequence of OTT negative mailings. I'm considering cancelling my subscription - the content looked good to start with, but seems to be presented with the slant that if you say something bad will happen for long enough, you're bound to be right sooner or later.


V

Yeah, a lot of drama queens out there regarding the British economy right now!