Rich Greenland

Yes I agree it could happen. It worries me.

I agree I don't believe their forecasts either. I'm happy for the interest rates on deposits to remain zero if my mortgage payments stay as low as they are. My cashflow from my little property business has gone thru the roof! Right now it's really useful because my other businesses are suffering due to the recession.

Not in Bristol unfortunately. Prices up 3% according to the agent and it's making it harder for me to get a deal I'm working on. Even tho it's in a poorer area and prices have actually fallen there according to my impressionistic assessment, but the sample is too small for the land reg data to be meaningful. The macro data for the property type (Bristol-wide) tells a different story. Grrr! Pain in the a** as the deal has a gross yield of over 21% - that's right after 5 years it's free it has paid for itself. But I'm greedy I want a minimum discount on OMV of 30% as well.

Sold up and put the proceeds into PMs eh? Living off the labours of others then. Yes we probably do have a lot in common. I'd like to have the OPTION to be unproductive but the reality is I find work satisfying so never want to fully retire. Right now I'm working too hard tho!

Ha ha wouldn't that be nice! I suspect you'd like it too if you could figure out how to do it. Short answer, No. I spent much of today at the bottom of a muddy pit swinging a pickaxe to dig a new manhole. I also work bloody hard with my brain too, putting together deals, often late into the evening and at weekends, most of which fall thru when we get out-bid. I'm not a nine-to-fiver and I probably work at least twice as hard as the average wage-slave. What do you do?

Oh dear doom and gloom we are all doomed! Dr Bubb I have explained quite simply on propertytribes that I agree with you UK property prices are likely to fall. I've also explained why I don't see this as a threat to astute property investors, but an OPPORTUNITY. Still you seem determined to ignore what I and a number of others have said. It's a very British trait (not a good one) to wallow in the failure of others, or the anticipated failure in this case. Yet you aren't British. You will be disappointed because whatever the market does, there will be astute investors who make a profit. Many of those people reside on Propertytribes.

No need for a stab in the dark. It's all there on the graphs on globalpropertyguide.com

Greece house prices? Take a look at http://www.globalpropertyguide.com/real-es...-house-prices/G Pretty bad but no where near as bad as Ireland.

Ha it will be interesting to revisit this in a year or two.

Precisely. Presumably the government is aware of this too? Would that be good for the economy, the electorate or the banks? So would they really do it? Granted politicians can be amazingly stupid at times. Humans are not rational beings.

How so? With QE? They might do a bit of that but it would lead to inflation, I don't think the Tories would like to be known as the party that caused inflation, goes against their ideology. Yes they could control it to some extent with high interest rates. If they did that would be disastrous for the economy in so many ways I don't believe they'd be that stupid, but who knows?

Do you mean: Property prices will not fall? Or: Property investors will see bargains after they fall? That’s odd I thought I replied to that. Do you mean: Property prices will not fall? Or: Property investors will see bargains after they fall? I mean both! If an investor is holding long-term and doesn't need to refi, short term falls over the next three or four years may not be relevant. Property is not a liquid asset and unless bought at an extreme discount the process of trading is too expensive to be worthwhile.

I think I'm getting email notification of posts, so I'm happy! I also think it's a blip. The UK economy is in tatters and set to get worse thanks to Gorgeous George being a bit too hasty with the scissors, for ideological reasons presumably. This being the case and lending unlikely to ease any time soon, it's hard to see how RE can't fall. Where I disagree with DB is that I don't see this as necessarily a bad thing for UK property investors.

Sorry newbie question. Is there any way to follow this debate without posting on it yet?