House prices and the economy

[Steve Bullman]

what are your views on the housing market....people have been saying for years now that there will never be a crash and prices will only go up.....things arent looking that way at the moment

some interesting info here http://www.housepricecrash.co.uk

[Buzz]

I'd like them to drop a wee bit so Anna and I can but a decent place next year BUT if people start to feel the pinch the work will disappear. We are experiencing a busy spell at the moment and prices have gone up. Not sure how long that will last for though. We do like to panic in this country like the Northern Rock customers who panicked today.

[Steve Bullman]

i think there will be a big fall

some poeple are talking as much as 50%

the whole worlds economy seems screwed at the moment so i wouldnt be surprised

[Rentachimp]

I am resigned to the fact that I will never afford to buy a house. It's a thought that gets me through the day.

[Mr Ed]

I dont care. I'm on a lifetime lease on my farm. I've made money on property, but I wished I'd kept it.

I agree steve, the big crash is looming....

[Steve Bullman]

interesting impartial view ed......theres normally 2 views with regards house prices....everyone who owns a house says the prices are going up, everyone who doesnt and wants the prices to go down say so accordingly.....fact is no estate agents or anyone associated with housing cant admit there will be a crash, second they do people stop buying and force the crash.

[Pete Mctree]

My family biz is the restoration and refurbishment of houses, so I watch the house prices carefully. I imagine a small drop if things stay as they are, but if the interest rates go up, the repo's will start and a crash will come.

 

If so i will just buy another couple of houses!

[Steve Bullman]

apparently there should have been a crash in 2004, thats when the goverment stepped in and bought the interest rates lower

[Buzz]

Our 3 bed rented house is costing 1k a month my 3 bed house i sold last year was a 1k mortgage go figure !

[Quickthorn]

Well, I'm not bothered about owning..the only problem I've had is landlords' antics. This one's ok, apart from the fact that the rent goes up 6% p a.