Not if the crash is due to recession/depression event. If that happens, there's no money around, except Mum and Dad's bank acc.
House price gravy train may have hit the buffers
- Thread starter JohnD
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The upturn that follows is the time to buy, not during the crash.
It would be a dark tunnel, but there's light at the end of it, especially for the young.
There were lots of repossessions among middle-aged people in the 1990s, then the next generation got the bargains after.
It would be a dark tunnel, but there's light at the end of it, especially for the young.
There were lots of repossessions among middle-aged people in the 1990s, then the next generation got the bargains after.
A house price crash may well end up with everyone paying more tax.
Thinking of someone in a care home having to sell the house to pay for care - now the house is worth half of what it was so money runs out quicker and the taxpayer steps in
Thinking of someone in a care home having to sell the house to pay for care - now the house is worth half of what it was so money runs out quicker and the taxpayer steps in
The repercussions would be huge, we've never had anything like the levels of personal and state debt we now have. To keep the plates spinning, house prices have to keep rising so the feckless can keep extending their mortgage and buying more tat.
Most of the flashy cars around on the roads are rented. They'll be going straight back if there are mass layoffs.
You don't know who's swimming naked until the tide goes out.
We need a rebalancing.
Most of the flashy cars around on the roads are rented. They'll be going straight back if there are mass layoffs.
You don't know who's swimming naked until the tide goes out.
We need a rebalancing.
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For there to be a crash we need a combination of supply massively outstripping demand and people being forced to sell, even at a loss. e.g. repossessions.
In recent years (25 or so) we have had ups and downs, but even after the Financial crash of 08/09 we didn't get massive increases in supply while demand was low. House prices fell and the market dried up.
The only losers were estate agents, who need the market to flow to survive.
In recent years (25 or so) we have had ups and downs, but even after the Financial crash of 08/09 we didn't get massive increases in supply while demand was low. House prices fell and the market dried up.
The only losers were estate agents, who need the market to flow to survive.
