UK house price crash - quiet before the fall

[wolftreetree]

Sad to here things are not going well in the housing sector in the UK. You have my empathy.

[FreeBrunoPowroznik]

Gordon's was one of the main 2 or 3 videos on youtube predicting the crash b4 it happened.

Now that the bull trap seems over (the slight recovery before the real crash), maybe Gordon should jump in with another video.

[callmenobod]

This video is rubbish. Take a look at my videos for the truth about the property market.

[callmenobod]

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!

[Jacobrester]

This scenario is happening all over the globe

[MisterBlakes]

Before the English teacher logs on it is 'obscene' not obsecene and Onlt was only. Do I get a star?

[MisterBlakes]

I am touched that you are so concerned! Misterblakes is doing very well. Just about to receive an obsecene bonus so don't worry too much about me. The property portfolio is losing money daily but so what, I am not selling daily. Onlt two relevant prices on any investment - buying and selling. I bought very cheap and will probably wait another 18 months and buy more. Property is just one investment and secret is of course to diversify so thanks for the concerns but sleeping like a baby!!!

[economistery]

It's only a bit of fun misterblakes, i too own a property although i'm not as

involved in this field as you obviously are. I suppose I took slight offence at your message to gordong who I have been following with some interest for quite a while now. Gordong was out on his predictions about the crash though. I have as an economist worked out that property will drop by around 60% before it levels and wont rise until 2012. First time buyers, your time is coming, so get saving.

[economistery]

Hi folks, anyone remember my predictions? Wonder how misterblakes is faring!

[brunopowroznikagain]

Bruno Powroznik is back as brunopowroznikagain

[lndac02]

good video with good forsight bearing in mind it was posted 11 months a go.I remember the early 1990s and that was bad enough.This is going to get a lot worse for the reasons mentioned.The UK has been living high on the hog keeping up with the jone'sys for 18 years.We are a debtor nation now and everyone wants their money back.The estate agents around me are all closing or going to minimmum staff,That tells you lots about UK PLC where the economy seems to depend on people buy and selling houses.

[MisterBlakes]

Thanks, quite correct on all counts. I am a complete moron. I do in fact own half a dozen houses all with very low gearing , earn well into six figures, drive a 911 Carrera 4, wear a Rolex costing a stupid amount and wake up each morning next to a beautiful wife. I wish that I was as clever as you who at 41 sounds like you don't own a property and possibly live with your mum! Property ownership is not a licence to print money there is no such thing but in a well balanced portfolio has a place.

[gordong156]

MisterBlakes - make a video, share the dream.

[economistery]

Once again, the ugly head of misterblakes is reared. You have done well have'nt you? You are also a master of cunning and deception. You managed to have me fooled all the way to the end of your reply to myself that it had been penned by a teenager so you can imagine my complete surprise when I found out that you are in fact 38.

I dont need a fancy car to boost my self confidence, and as for that ridiculous watch?

p.s. I see your still struggling with your grammar!

[MisterBlakes]

English exam or comments page? The strange thing about the UK is the politics of envy. You all want the property market to crash as it will make you feel smug as you were clever not to be sucessful yourselves and take a chance. I don't care if it falls 40% as I would go back to being a buyer again. No one needs a car to boost confidence I drive mine as I like it and the reason for the 'ridiculous' watch is that it reminds me no time is precious and the only commodity that you can't replace.

[economistery]

You seem to have me down as some sad sack that still resides with his parents. Unlike you, I dont feel the need to share the details of my personal wealth.

I really think that you, and others like you are completely blind to what shall come to pass. THIS WILL BE THE WORST ECONOMIC DISASTER OF OUR TIMES. The housing market is but a grain of sand to other pending factors. What's Gordong's opinion on the threat posed by Russia to our economy? Have you pondered this Misterblakes? I think not!

[NUCLEARDOLPHIN]

whats going on with this dudes hairline?

[MisterBlakes]

Anyone that decides to follow this advice is a sheep and sheep get slaughtered. Property will dip for a short period but only because of fools like this. Trying to time any market is risky and selling to rent as this joker recommends is a mugs game and very high strategy. Property prices will still (no matter what happens short term)double or trebble in the next few decades, it is called supply and demand!!

[gordong156]

MisterBlakes - you misrepresent me. My advice 10 months ago was not to buy. You've not heard me advising anyone to sell to rent on my channel.

[economistery]

You are obviously a property owner yourself or more likely a buy to let investor.The fact is, anyone who has been conned into the idea that owning a property is a licence to print money are themselves the sheep in a scenario where the banks and estate agents are the shepherds. The days of rising prices are well and truly over and rightly so. P.s. How do you expect anyone of any intellegence to take you seriously when you can't even spell?

[economistery]

My reply was in fact a reply to misterblakes.

[sonakoya2001]

lol you buy-to-let moron...

[Puzzoozoo]

On Easter Sunday I went for a day out drive around the trough of Bowland, and I saw dozens of For Sale signs outside all manner of houses.

[rapidset]

lets riot and start growing our own veg !!!! stop paying tax and form self sufficient communes its the only way forward

[idatomhue]

James pretty soon you are going to be proved wrong.

[wantbell]

Scary stuff, and all this with no mention of energy price hikes - we're doomed!

[BubbFromGEI]

Good work, Gordon. Your timing was good too. Come and share more of your ideas on GlobalEdgeInvestors dotcom, the thinking man's chatboard. You will find plenty of warnings about UK property prices, like my own on YouTube.

[neil9327]

Hey it's Bruno everyone. You are the greatest!

[ourearthhome]

As Naomi Klein points out in Shock Doctrine, times of shock give rise to opportunity by those prepared before hand to take advantage of the situation to insert their ideologically favorite public policy changes into law. So why don't the rest of us take this opportunity to demand that our governments change property taxes to land value taxes only so that real estate/land speculation will be forever ended and prevented from artificially raising the cost of housing. 2010 may be our opening.

[cadillacman007]

Absolutely correct!

Most people(sheep) just listen to all the crap churned out by the media. Meanwhile,a small number of investors continue to get rich, especially at times like this when everyone is running scared.

We'll be waiting a long time for this so called "Crash".

[xPablo69]

the situation summed up in less than 6 minutes. Well done

[pobbyone]

This guy is saying everything that I have been banging on about for years.Totally first class stuff!!!!!!!!

[KamikazeElvis]

I was banging on about it years before you even thought about it.

[waderm810]

Im an estate agent, strangely i actualy want it to crash, it will weed out the greedy, thieres loads! and we might actualy think a house as a home again.

[Puzzoozoo]

Private UK debt now is about £2 trillion.

[brit1664]

The crash has well and truly started now in the UK. Prices falling all across the country even in central London. On top of that numbers of properties for sale are rising fast, taking longer to sell and banks are cutting lending back some to 3 times average salary.

[sugarraygras]

It remineds me of the south sea bubble of 1720 caused by the south sea company who also alleged that prices only ever grow and never fall, based on continued credit levied against certain future profit."Of all the offspring of time, error is the most ancient,and is so old and familier an aquantance,that the truth when discovered,comes upon us like an intruder and meets with the intruders welcome".Charles Mackay,1841,Extradinary popular delusions and the madness of crowds.

[redmattuk]

If the price of an asset has been moving up steadily, it's a good investment. If the price has been moving up exponentially, you're too late.

[Joyriser]

Yes its going to be a BIGGY! Hang on to your hats and man the lifeboats!Women and children first!

[dojufitz]

Thanks Gordon,

i hear you...when will things turn sour in Australia...? Over priced real estate has been here for so long people think it is the norm...personal debt is huge...when will the shit hit the fan in OZ....? best Dom

[lovingtongue]

Dang. Greets from the States. Hats off to you, Gordon, one of the last of the world's remaining straight shooters. No catchy news station music, just one guy and a camera telling the straight up facts. As they say in England... Cheerio!

[russedwards777]

gordong156: The crash in the USA has really accelerated. Near Detroit I found two inexperienced realtors that I had met a year earlier (in the process of listing my house for sale) who were now so desperate they were dancing topless in a gentlemen's club.

Now-they said it was pretty booming property market until into 2006. They made lots of money.

Damn that was really weird. For me I mean. They seemed to have gotten over it long ago. I guess I'll forever link the two "professions". LOL

[SteelyEyedKipper]

It's funny how people just don't want to hear it. They'll listen to estate agents and lenders talking the market up, but when someone without a vested interest and a little more common sense suggests a downturn, they just want to bury their heads in the sand!

[quinndexter]

Well. Everyone is going to reap what they have sown. All of the idiots who told me "Houses only ever go up" or "There will be no crash" and who are living in their 190k 2 bedroom semi with no life (At todays IR's) will be laughing on the otherside of their faces.

[electronuk]

Very good work, I think you are spot on. Please look at the videos on "money is debt", it explains how money is created by central banks. You will see even more clearly what is going on, you will also understand that this was engineered, and nothing can stop it now. My own feeling is that unless Ron Paul is elected the USA is done, and the UK will also suffer pretty bad whatever. Good Luck .

[Lucidtomr]

Interesting, so you Brits are having a tough time too? I heard about Northern Rock a few months ago, and I know it's ties to the USA. Because British leaders financed Bush's war and held up the support sides, after the crash of 07 it will then hit the brits... though I though the Brits were untouchable. Oh well, I'll see Bush in hell, from Heaven.

[ouserower]

My landlord has had this flat up for sale for 6 months now and only 3 people have looked around. No offers yet! Prices will drop 40% over the next 4 years

[curlythepig]

Spot on gordong, think we are heading into a very big storm !

[riflemaster]

Can't wait. My landlord offered to sell me a stake in the house I live(rent) in which is a bad sign. We need a correction in the housing market. Then I might just buy the house and rent a room to him lol

[maddohartlepool]

Yep....hard times ahead...there is a whole new generation of people yet to experience the hardship of recession; the inevitable corrective consequence of boom!

Even those of us who have been prudent & have saved whilst others have spent will lose out. Yes, cash will become king & houses will drop to half their value...but, we may find ourselves unemployed. : (