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Tdog

House Price Crash in 2020

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So it seems another year full of promise for having a "house price crash" has evaporated. No deal Brexit, chaos in the global economy, China imploding, the EU in its never ending shambles etc etc.. But still prices slowly rise overall in the UK, with the exception being prime London and SE England property, but thats just the 1%ers flogging houses to each other.

Areas im looking at and willing to spend up to 250k in; namely Beverley is up 15-20% in the last year and a bit, and a 5 mile circle around Ringwood in East Dorset has utterly insane prices, i could probably buy a 2 bed terrace in a shit area.

Anyone see a HPC happening in 2020 or is it just another year of promise with the global economy being in a mess and Brexit and a new govt doing sweet FA to assist in bringing down prices?

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Yes I do as we just bought xD

With that said, these are the prices. It's just not worth the mental energy worrying about a HPC or stock market crash. What will the prices be in 10, 20, 30 years etc?

I'm of the opinion there will be down years but there will be many more positive years. Play the long game. Don't go balls deep especially into the local economy if one's job, house etc all depend on it. 

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8 minutes ago, Tdog said:

So it seems another year full of promise for having a "house price crash" has evaporated. No deal Brexit, chaos in the global economy, China imploding, the EU in its never ending shambles etc etc.. But still prices slowly rise overall in the UK, with the exception being prime London and SE England property, but thats just the 1%ers flogging houses to each other.

Areas im looking at and willing to spend up to 250k in; namely Beverley is up 15-20% in the last year and a bit, and a 5 mile circle around Ringwood in East Dorset has utterly insane prices, i could probably buy a 2 bed terrace in a shit area.

Anyone see a HPC happening in 2020 or is it just another year of promise with the global economy being in a mess and Brexit and a new govt doing sweet FA to assist in bringing down prices?

I think Government are doing their best by being absolutely cuntish. They can't do anything but prevaricate and f%%k up and scare the shit out of everybody. What a joke HS2.  Our service sector is bloody amazing tbh and it is keeping the country moving forward with an heroic effort that  makes our Europeans partners look  backward. Politicians will eventually succeed especially when Cuntbyn and McStalin take the reins.

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Just now, crashmonitor said:

I think Government are doing their best by being absolutely cuntish. They can't do anything but prevaricate and f%%k up and scare the shit out of everybody. What a joke HS2.  Our service sector is bloody amazing tbh and it is keeping the country moving forward with an heroic effort that  makes our Europeans partners look  backward. Politicians will eventually succeed especially when Cuntbyn and McStalin take the reins.

We're way behind service penetration that was estimated as being part of the EU apparently. I can think of a few reasons to for that, it is not a free market, there are a lot of hidden blocks/incentives/arbitrary rules in regards compliance/procedures/paperwork etc which lock out service competition leaving a lot of local/national companies holding a death grip on their local markets. Free of this and working in a world environment (thinking insurance which I have knowledge of) has encouraged a lot of competition and thought into attracting business from these markets rather than the ossified competition in the rest of the EU.

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1 minute ago, crashmonitor said:

I think Government are doing their best by being absolutely cuntish. They can't do anything but prevaricate and f%%k up and scare the shit out of everybody. What a joke HS2.  Our service sector is bloody amazing tbh and it is keeping the country moving forward with an heroic effort that  makes our Europeans partners look  backward. Politicians will eventually succeed especially when Cuntbyn and McStalin take the reins.

Merely pawns. They're not the one's pulling the strings and making the decisions. They only deliver the message. Olly walking into the squid says it all.

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20 minutes ago, Tdog said:

So it seems another year full of promise for having a "house price crash" has evaporated. No deal Brexit, chaos in the global economy, China imploding, the EU in its never ending shambles etc etc.. But still prices slowly rise overall in the UK, with the exception being prime London and SE England property, but thats just the 1%ers flogging houses to each other.

Areas im looking at and willing to spend up to 250k in; namely Beverley is up 15-20% in the last year and a bit, and a 5 mile circle around Ringwood in East Dorset has utterly insane prices, i could probably buy a 2 bed terrace in a shit area.

Anyone see a HPC happening in 2020 or is it just another year of promise with the global economy being in a mess and Brexit and a new govt doing sweet FA to assist in bringing down prices?

You sure?

https://www.home.co.uk/guides/house_prices_report.htm?location=beverley&all=1

Youll have to allow for lower transactions, putting noise in the figures, but theres not much nominal changes since 2004ish.

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36 minutes ago, Tdog said:

Anyone see a HPC happening in 2020 or is it just another year of promise with the global economy being in a mess and Brexit and a new govt doing sweet FA to assist in bringing down prices?

Don't ever see it happening. Govt won't let the bubble burst as housing and people farming is the real economy. If it starts to dip they'll just throw more billions at it with help to buy 3/4/5/6 (fuck the productive economy) and import another 20/30 million gimmigrants to keep demand high. 

I think the very worst which will happen is stagnation. If it ever does burst, by that point we'll be a banana republic and the last thing you'll be thinking of is house prices.

Edited by gibbon

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10 minutes ago, spygirl said:

You sure?

https://www.home.co.uk/guides/house_prices_report.htm?location=beverley&all=1

Youll have to allow for lower transactions, putting noise in the figures, but theres not much nominal changes since 2004ish.

Yes im sure, prices have gone crazy in the last year.

I believe me, and what im seeing on the ground.

Your chart shows a spike in the last year. too add id be buying a detached house if i was to buy in Beverley.

27 minutes ago, A_P said:

Yes I do as we just bought xD

With that said, these are the prices. It's just not worth the mental energy worrying about a HPC or stock market crash. What will the prices be in 10, 20, 30 years etc?

I'm of the opinion there will be down years but there will be many more positive years. Play the long game. Don't go balls deep especially into the local economy if one's job, house etc all depend on it. 

Ive cash to buy, so as im using hard earned money and not debt watching prices stay at absurd levels and being priced out is a worry. To suggest otherwise is ridiculous.

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Just now, Bus Stop Boxer said:

There are meaningful reductions in nth Dorset. A fair few at 12% here and there.

Some is froth coming off the kite flyers, but the market is slow.

Yes its people pricing their house at an absurd level and then lowering it.

This is an example .. i'd bite the bullet and buy it for 250k but like fuck would i pay close to 300k for it.

https://www.rightmove.co.uk/property-for-sale/property-72209137.html

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3 minutes ago, Tdog said:

Yes its people pricing their house at an absurd level and then lowering it.

This is an example .. i'd bite the bullet and buy it for 250k but like fuck would i pay close to 300k for it.

https://www.rightmove.co.uk/property-for-sale/property-72209137.html

Keep an eye on it. It will need to be reduced im sure. Not really a patch im watching, but there are real signs of creaking down this way.

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3 minutes ago, gibbon said:

They can't give it away you know.....

BTLer will snap it up eventually and do it up for 5k, its a nice area and easy to rent. Unless a crash happens itll not get down to 250k.

 

Edited by Tdog

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Glad I bought a humble terrace nealy 7 years ago it’s irrelivent if it half’s in value but the key to me was phycology wize was to overpay the fucker and save about 9k in interest say I had rented and waited for the crash I’d of had to pay 7x 12 at 375 a month that’s around £31,500 quid to date And still no crash 

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2 minutes ago, LC1 said:

It's booming in parts of South Manchester, and I don't mean the posh bits (which I have no knowledge of). Could all come crashing down next year, of course.

Best we can hope for in 2020 for a HPC is a coalition led by Corbyn. Though id prefer to leave the EU than have Labour at the helm.

Failing that the Tory party becoming a free market capitalist party then ending Help to Buy and the Tory party winning a huge majority and causing a short sharp crash so things are booming for the election in 2024/25.

Edited by Tdog

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19 minutes ago, Tdog said:

Yes im sure, prices have gone crazy in the last year.

I believe me, and what im seeing on the ground.

Your chart shows a spike in the last year. too add id be buying a detached house if i was to buy in Beverley.

Ive cash to buy, so as im using hard earned money and not debt watching prices stay at absurd levels and being priced out is a worry. To suggest otherwise is ridiculous.

The year is too small a time frame. Too noisy

Individual sales does not show a hot market

https://houseprices.io/?q=bever

Treading water.

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6 minutes ago, spygirl said:

The year is too small a time frame. Too noisy

Individual sales does not show a hot market

https://houseprices.io/?q=bever

Treading water.

If you say so. Clearly i am imagining prices rising. As is the mortgage adviser ( who opened a bank account for me, not selling a mortgage), who himself said prices were getting ridiculous.

Edited by Tdog

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Just now, stokiescum said:

If labour get in they will really fuck buy to let however I suspect they could also really fuck anyone that they consider to have a posh house and maybe set the bar has low has 350 k which down south isn't posh at all

350 dhaan sarf is non existent. 

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2 minutes ago, stokiescum said:

If labour get in they will really fuck buy to let however I suspect they could also really fuck anyone that they consider to have a posh house and maybe set the bar has low has 350 k which down south isn't posh at all

Bedroom tax, land value tax ? One thing that Socialists really hate more than high salaries is the fact the milkman is living in a million pound house because he didn't desire all the shit Socialists do, where as the Diversity Officer at the TUC on 150k is a fat  consuming cow that can't stop buying stuff and lives in a cheap house.

Envy is their game and they will bloody sort it.

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