I was in the Forest of Bowland area yesterday,and EVERY villiage I drove through had at least 3 For Sale signs outside all manner of houses, hundreds of houses were up for sale, and that is just in a small area.
theres a crash coming ,property moves with first time buyers, how can they afford to buy now? result a slump, its coming question is when i think now!
jonathan davis of housepricecrash website sold his property to rent in 2002 and it was a costly mistake. he's banged on about a crash ever since. he has no credibility. he cares nothing for ftbs. he's a media "expert" interested in his own self promotion, not other people. just like other people who have sold to rent so they can speculate back into property later, they have a vested interest in a fall in house prices and are not independent. they are no friends of first time buyers.
jonathan davis of housepricecrash website sold his property to rent in 2002 and it was a costly mistake. he has banged on about a crash ever since. he has no credibility. he cares nothing for first time buyers. he's a media "expert" interested in his own self promotion, not other people. just like other people who have sold to rent so they can speculate back later, they have a vested interest in a fall in house prices and are not independent. they are no friends of first time buyers.
I sold in 2001 and it was a great decision. Why? I invested in mining shares, and they MASSIVELY outperformed property. It is far better to sell early, than being stuck trying to sell after the peak, when there is ero liquidity
After the Northern Rock disaster, City workers getting huge payments whilst the average worker { whose taxes are bailing out the greedy bankers} get pathetic rises , nearly every television station lying and stealing with premium rate phone in competitions, the horrible truth is that all consumer trust has been lost . The talk on the street is that house prices are going to crash and no amount of media spin is going to change this. SELL YOUR HOUSE NOW!
The eminent economist Fred Harrison has identified an 18 year cycle (with a variance of about 1 year) which concludes with a bust. A house price bubble develops fuelled by speculation - not by demand. He warned Nigel Lawson in 1983 and Gordon Brown in 1997.
Ultimately like a pyramid scheme with no new members, the prices tumble and the market crashes. Orthodox economic policy is powerless to stop it. As a matter of interest the way it's too late now anyway - the last bubble burst in 1989/90.
There is not going to be no crash. Demand is just too high. I recently brought my house and wont be looking back. I'd bought my first house 3 years ago and sold it last year for a 20K profit. Housing market is booming.
Very good to see the BBC presenting a balanced view on house prices. They are too high and there will be a crash. Everyone knows that. There are just a few factors at the moment which are keeping them inflated. Most of all, immigration and lowish interest rates seem to be the driving factors. But once these start turning, the crash is likely to be as fast, probably faster, than all the crashes before.
Everyone ..except me and everyone else.HP will slow and plateau for a awhile (possibly for 2, bit likely to be 1 year) then growth will start again at a slower pace. Followed further out by volatility 5 years hence, due to baby boomers dying off and inheritance tax
The average house price is over 6 times average earnings. It's never been this high before. The historic average is around 3.5 times earnings. If we take 3.5 times as the true value, then current house prices are approximately 40% overvalued. History says there will be a crash. To think that there will be anything other than a fall in prices is a huge gamble. If people can't afford it, prices will fall.
Rising house prices is great though?!
Ask anyone who works for the Express. Krusty Allslop also says so
mamanmatty 3 months ago
the dude at 1:30 should be shot, its arseholes like him that have created this insane mess we are all in!!!!!!!!!!!!
NUCLEARDOLPHIN 3 years ago
I was in the Forest of Bowland area yesterday,and EVERY villiage I drove through had at least 3 For Sale signs outside all manner of houses, hundreds of houses were up for sale, and that is just in a small area.
Puzzoozoo 3 years ago
this guy sounds like a joke right now! its crashing as we speak..............
NUCLEARDOLPHIN 3 years ago 2
theres a crash coming ,property moves with first time buyers, how can they afford to buy now? result a slump, its coming question is when i think now!
ripcurl010 3 years ago
Cheap credit + speculation + herd behaviour = House Price Bubble.
Anyome that didnt see it coming only has themselves to blame. Hold onto your hats!
mattd49 4 years ago 2
This has been flagged as spam show
jonathan davis of housepricecrash website sold his property to rent in 2002 and it was a costly mistake. he's banged on about a crash ever since. he has no credibility. he cares nothing for ftbs. he's a media "expert" interested in his own self promotion, not other people. just like other people who have sold to rent so they can speculate back into property later, they have a vested interest in a fall in house prices and are not independent. they are no friends of first time buyers.
littlepumpkin1502 4 years ago
jonathan davis of housepricecrash website sold his property to rent in 2002 and it was a costly mistake. he has banged on about a crash ever since. he has no credibility. he cares nothing for first time buyers. he's a media "expert" interested in his own self promotion, not other people. just like other people who have sold to rent so they can speculate back later, they have a vested interest in a fall in house prices and are not independent. they are no friends of first time buyers.
littlepumpkin1502 4 years ago
Dont worry about Jonathan Davis,
he rents a massive house 4 dble beds, lge conservatory, large kitchen, lge dining rm, lge lounge, study, vaulted hall, garage, 3 loos (bath/shower etc), private estate of 200yr old mansion, estate gardener, electric gates etc.
How can he be no friend of 1st time buyers...?
Did he create the credit crisis ?
Was he responsible for crippling the UK with property debt ?
Maybe if prices crashed in 2002, we wouldnt be heading for recession now.
THEUKCRASH 4 years ago
so what.
I sold in 2001 and it was a great decision. Why? I invested in mining shares, and they MASSIVELY outperformed property. It is far better to sell early, than being stuck trying to sell after the peak, when there is ero liquidity
BubbFromGEI 3 years ago
After the Northern Rock disaster, City workers getting huge payments whilst the average worker { whose taxes are bailing out the greedy bankers} get pathetic rises , nearly every television station lying and stealing with premium rate phone in competitions, the horrible truth is that all consumer trust has been lost . The talk on the street is that house prices are going to crash and no amount of media spin is going to change this. SELL YOUR HOUSE NOW!
curlythepig 4 years ago
STOPBUYINGHOUSESdotCOdotUK
STOPBUYINGHOUSESdotCOdotUK
STOPBUYINGHOUSESdotCOdotUK
Avalon888 4 years ago
The eminent economist Fred Harrison has identified an 18 year cycle (with a variance of about 1 year) which concludes with a bust. A house price bubble develops fuelled by speculation - not by demand. He warned Nigel Lawson in 1983 and Gordon Brown in 1997.
Ultimately like a pyramid scheme with no new members, the prices tumble and the market crashes. Orthodox economic policy is powerless to stop it. As a matter of interest the way it's too late now anyway - the last bubble burst in 1989/90.
walbottle 4 years ago
You Brits have a lot of bridges you could sleep under...
lividmany 4 years ago
markets are driven by fear and greed; not much by supply and demand as economists suggest.
jangbaksa 4 years ago
House prices can only go up and up in the U.K.
( I know this because an estate agent told me )
tenchama7 4 years ago
Well he/she would wouldn't he/she.
Puzzoozoo 3 years ago
...not much gets past you, does it!?
tenchama7 3 years ago
Nope.
Puzzoozoo 3 years ago
There is not going to be no crash. Demand is just too high. I recently brought my house and wont be looking back. I'd bought my first house 3 years ago and sold it last year for a 20K profit. Housing market is booming.
BigPolarED 4 years ago
I really suggest that you learn your economics. Within the next 3 years you will be in negative equity. I'd bet my life on it.
1983redeyes1983 4 years ago
Excellent cap B00ny. It's about time that the BBC got in with some bearish coverage regarding the HPI bubble.
bomberbrown 4 years ago
Be prepared ! Be very prepared!!
tenchama7 4 years ago
Thanks for posting the video!
HousePriceCrash 4 years ago
Very good to see the BBC presenting a balanced view on house prices. They are too high and there will be a crash. Everyone knows that. There are just a few factors at the moment which are keeping them inflated. Most of all, immigration and lowish interest rates seem to be the driving factors. But once these start turning, the crash is likely to be as fast, probably faster, than all the crashes before.
jakebrumby 4 years ago
Everyone ..except me and everyone else.HP will slow and plateau for a awhile (possibly for 2, bit likely to be 1 year) then growth will start again at a slower pace. Followed further out by volatility 5 years hence, due to baby boomers dying off and inheritance tax
BlagDAD 4 years ago
The average house price is over 6 times average earnings. It's never been this high before. The historic average is around 3.5 times earnings. If we take 3.5 times as the true value, then current house prices are approximately 40% overvalued. History says there will be a crash. To think that there will be anything other than a fall in prices is a huge gamble. If people can't afford it, prices will fall.
jakebrumby 4 years ago