At the end of the day, nobody knows what is going to happen so in this situation the wise man stays cautious
Well, one things for certain - house prices are almost certain to fall, for at least the next few months.
At the end of the day, nobody knows what is going to happen so in this situation the wise man stays cautious
60 down from 860 is a hell of a drop, especially as the other criteria for those remaining 60 (eg credit rating, income levels, multipliers) is likely to be on the much tighter and more conservative end of the scale.
Ok not plenty
As for being more available, only if the credit restrictions are relaxed. If the credit restrictions are relaxed significantly, then they'll become more available, but that'll start prices rising rapidly again...
party time yay, house price crashing, i love it.
Actually if your looking for a normal multiplier and have a reasonable deposit they are easier to get and you can get a better property. Although this might change as mortgages keep getting withdrawn. However I feel if you're looking for a normal multiplier and a reasonable deposit. Then there will always be mortgages availableAre they happy that, even with prices dropping, houses are more unobtainable now than they were when prices were higher, due to lack of mortgage availability?
Actually if your looking for a normal multiplier and have a reasonable deposit they are easier to get and you can get a better property. Although this might change as mortgages keep getting withdrawn. However I feel if you're looking for a normal multiplier and a reasonable deposit. Then there will always be mortgages available
Actually if your looking for a normal multiplier and have a reasonable deposit they are easier to get and you can get a better property. Although this might change as mortgages keep getting withdrawn. However I feel if you're looking for a normal multiplier and a reasonable deposit. Then there will always be mortgages available
So I think the question has to be are those who wished for a crash now happy they have their wish, given the financial hardship that has caused it? Are they happy that, even with prices dropping, houses are more unobtainable now than they were when prices were higher, due to lack of mortgage availability?
Is the drop in house prices worth the economic crash that caused it?
its not a question of worth, its a question of inevitability. A crash was inevitable, as was a recession - and those that artificially inflated house prices must share the blame. If you didn't see it coming then more fool you.
Most of the people arguing here were 3 years ago saying how good house price inflation etc.. is non saw a crash coming apart from me a another.
95 % of the british pop i can say are fools, you seriously believe that house price rises are good for the economy and for you as an individual, hence the term economic sheep.
Iam sick of people saying are it was due, 3 years ago the same fools were saying it never going to happen, who pay, you pay the working pop pay the MPs and rich folk dont really suffer.
Because of your greed and willingness to screw over people for the most basic right to have shelter you deserve everything you get, you think i'm going to pay for this mess nope, in 1 or 2 years iam off when the tax rises even more.
Originally Posted by Dolph
So I think the question has to be are those who wished for a crash now happy they have their wish, given the financial hardship that has caused it? Are they happy that, even with prices dropping, houses are more unobtainable now than they were when prices were higher, due to lack of mortgage availability?
Is the drop in house prices worth the economic crash that caused it?