HOUSE PRICE CRASH
House prices have risen to fast and to far Why? will there be a correction or crash like in the usa
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This post was written by admin on Wednesday, May 19, 2010, 15:48. admin has written 1241 posts on this blog.
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UM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Take a look at Bruno Powroznik videos at my youtube account. He tells the truth about the vested interests of the STR garbage.
Take a look at Bruno Powroznik’s videos at my youtube account. He is a genius and tells the truth about the vested interests of the STR garbage!
Just a shame brown didn’t have the balls to let the market correct itself properly.
Price Correction!! the sooner the better.
Would like to mention in Australia, we are the most expencive country to buy everyday items, grociers, petrol/gas, utilities etc….
The media Australian house price is 70% over priced and rising very fast, to buy a house in any city in Australia, you need min…$400,000 dollars.
40% of Australian homes is mortgaged, most are beyond what they can afford.
I’m pissed off and worried
Just letting you people know!
Nice try. Keep it up check out esteembpo + com for social media marketing. hgnjg
Nice work. keep it up. mean time come for social media marketing for esteembpo**com sdfsd
I love it… i have been winging about high house prices for eight years to be told exactly what the speach bubbles say. Well now Ha ha ha the PRUDENT are being proved right.
duffduffbeerbeer, you’re right to hold fire, but it’s actually people your age who are in the most financial trouble because you have over-paid and propped up the bubble. People who paid £100k 8 or 9 years ago would still be selling to the likes of you for £200k even AFTER the price has fallen 25% since 2006 levels. Wait until the price is 3.5 times your salary. THAT is the right price. Alternatively, 80 times it’s monthly rent. If it could get £1k/month rent, the house is worth £80k…
bagariddum, good on ya! Here we have “Wanted Down Under”, a sickening BBC show where idiot Brits think about moving down under. No matter what their occupation they all seem to be able to earn £20k in Oz. And the TWAT presenter shows them houses costing £300k+. They all state that they want to be mortgage free, but they ALWAYS show them properties that would require a HUGE mortgage relative to their Oz salary. The BBC should be in JAIL for their part in this bubble. IN JAIL, WITH THE BANKS
My seven year old son correctly answered the question “what comes next?”. He explained “mountains can’t go across like that”. Just goes to show how incompetent banks are.
real prices belong in the 3x avg salary bracket. for the uk thats another 50% drop required. in Oz it means another 60% drop. as this will be catastrophic for the banks (people just won’t pay ) govt will prop up this fall for long enough for it to meet wages coming up. thus levelling the drop over time, stagnating prices for 10 years. good for some (those hoping to sell investment properties for retirement) but for those that want to buy their first (not gambling) house in that time…tough.
good, all this nonsense about handing over half your wage (+) for 25 years to a bloody bank is a sick joke played by the lazy good for nothing land owners that have never done any real work and who only have the land due the thieving/murdering tendencies of their ancestral gene pool…inbred, pig ugly, buck toothed, parasites with largely franco/germanic heritage. time for a cull i think.
dunno what the ‘credit crunch’ is supposed to be about, here in Oz i filled out a few ‘how much can we lend you’ mortgage calculators on banking websites. ALL of them quoted me a loan of between 8 and 9.5 times my salary!!
and yet small-med biz in the Uk can’t get lines of credit? sounds a bit like this depression is being induced and Oz is a bit behind, still trying to screw the last few saps into colossal debt before they baton down the hatches.
And you are on the money, Marky1333, but don’t try to tell that first home buyers they won’t believe you because they got to have a home right now. It took Japan over 12 years to recover and they are not even at where they were. Dumb buyers are to blame for this housing bubble without their poor pathetic stupid asses the banks would have anyone to lend the money to. Like my father used to say, the top use the poor to suck the blood out of you.
What was that again? The house will fall additional 15%? Try alot more than that at the end of 2009. With high unemployment and hyperinflation, your home will devalue to nothing. So go ahead and buy 2 homes.
i am a first time buyer with atleast a 10% deposit in the bank…. i am laughing at all you idiots in financial trouble… roll on another 15% fall in house prices in 2009 then put in a offer…. oh yeahhhhhhhhhh
There have been 5 depressions in the last 400 years the quickest return to house price values(pre crash) has been 36 years.
here are the time scales for house prices to return to pre depression peaks after each depression 36,36,38,54,and 90 years.
UK house prices will not return to 2007 highs until 2043 at the earliest (my guess will be more like 2055)
Boo house price crash bad thing…
Are those curves based only on the current houses up for sale or all the houses in the country?
If only the old dirty houses remains, isn’t this curve going to decrease?
If the builder only built affordable houses during 3-4 years and no large expensive houses, isn’t this curve going to decrease?
Bruno Powroznik is back as brunopowroznikagain
Houses are still overpriced – To determine what a house should really cost, add 30 percent to the price it was 10 years ago.
Ahh kirsty & phil still ramping property during the biggest price crash of all time.Cancer is too good for these two tw@ts!.
Very True stitchyman.
Im in Brisvegas and everyone is in denial.. An average brick home with a pool up our street just sold for $920 000. To me its worth about $400 max. But im old school… Were you had to be personally worth the house you lived in, not living on massive debt and in hope of better times ahead.