Based on my extensive knowledge of the housing market ...

**TheRightStuff** · 5 July 2007, 16:15

you didn't warn us.

**Troll** · 5 July 2007, 20:40

http://www.housepricecrash.co.uk/

Scary... all the predictions are bullish for 2007 & some for 2008.
Time will tell

**sunnysan** · 6 July 2007, 08:06

To SAS

I have just pulled out of buying a flat in E2, I have sold my old one and banked the dosh, and signed a rental agreement.

I have my ear to the ground in that area, and even estate agents are very pessimistic.

I think you may be right, the difference this time is the overwhelming pessimistic sentiment.

I may be wrong too but I have more to lose by buying and being right than not buying and being wrong.

Lets wait and see

**DodgyAgent** · 6 July 2007, 08:13

Originally posted by sunnysan

I
I have my ear to the ground in that area,

You are a sitting target for getting your head kicked in

**Bagpuss** · 6 July 2007, 08:13

SASguru changes his tune as soon as it's obvious. I told him weeks ago it was going tits up, did he believe me?

**sunnysan** · 6 July 2007, 08:20

Well

Originally posted by DodgyAgent

You are a sitting target for getting your head kicked in

I would rather take a good ol E2 kicking than working for my mortgage lender for 6 years.

**BrilloPad** · 6 July 2007, 08:25

I still maintain that London will power ahead due to staff being moved there from New York. But things not so rosy for rest of UK.

It might get more interesting if people start to declare themselves bankrupt(easier these days) and the banks get lots of bad debts. Narrow escape averted in 1998(LTCM) - I hope will be the same this time.

**Xenophon** · 6 July 2007, 08:30

It will be interesting to see what the extent of 'correction' turns out to be. Are we set for a bang or merely a pop?

**King Cnvt** · 6 July 2007, 08:33

Originally posted by sasguru

...I predict the long predicted and awaited correction of the current bubble market will happen by the end of the year/beginning of 2008.

Don't say I didn't warn you.

Rubbish.

House prices this year will end 10% up. Next year 6% up. Year after another 4 or 5%.

If you don't buy now you will be priced out forever. Keep upping the price and borrow more than you can ever possibly afford.

The good times will roll forever.

Based on my extensive knowledge of the housing market ...