I just happened to notice the first post on here by gold finger claiming "hold on to your hats were going down"
for those that have not noticed it, that was four years ago and lets be honest what has really changed
and .2 drop .3 rise .4 drop .2 rise .......(although I did notice a big fall in Aug) Its not gone anywhere yes by haliwide or some other measure but not on the street it hasnt.
I am the longest bear of them all I wont embarrase myself by telling you all when I first said to my then G/Friend now wife, I dont think we should by a house as they look a bit overpriced my dear!!! What a prat I look now ! How much rent ive spent and more importantly how many rows we have had over this subject.
What amazes me is how this market defies gravity,so when it is nearly impossible for most to get a mortgage why is not crashing beyond belief..... cash buyers I hear you call, how many cash buyers are there out there? Its not that many surely,most people cant cope with a £50 monthly increase on their loans, foreign buyers you all cry,well yes London maybe but what about the rest of the country, no Russian`s I know are buying in Hull or Bristol.... Goverment intervention well... not convinced how much control do they really have? if they did would`nt they have stopped previous market crashes and wouldnt other countries Gov`s done the same. Yes the pumping of money (QE) the hack in interest rates but others have done the same and their market has still collapsed.
So my question to you after my little therapy rant..... how is it that when you look all over Europe/The west the market is falling like a stone. The U.S, Spain, Portugual, France,and Ireland etc etc are 20 30 40 50 % down how the hell is it still business as usual here. We must have the most expensive houses in the world. Is it the plain fact that us brits are the most stupidest people on the planet and will buy any thing at any price as long as "its mine".....
Im getting to the point of packing up and going to grab a bargin else where
will this really ever happen when.... where.... and by how much come on tell the truth you wise old men ????????