Comments on: Has the Property Market learnt from the House Price Crash? http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/ Tue, 31 Jan 2012 10:32:19 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Andrew McReynolds http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-24473 Andrew McReynolds Thu, 01 Jul 2010 21:21:15 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-24473 The economic meltdown caused by the banking crisis is far from the main reason why the housing market is in dire straits.HIPs have little to do with the housing market slow down. More to the point would be the gross over valuation of properties in most regions by the so called professionals who "guess realistic prices" ie high price = more comission. Now that a number of buyers have started to sue valuers for overpricing we may actually see a change in tactics. So the answer is NO the market has not learned a thing from the recent crash or the last either! The economic meltdown caused by the banking crisis is far from the main reason why the housing market is in dire straits.HIPs have little to do with the housing market slow down. More to the point would be the gross over valuation of properties in most regions by the so called professionals who “guess realistic prices” ie high price = more comission. Now that a number of buyers have started to sue valuers for overpricing we may actually see a change in tactics. So the answer is NO the market has not learned a thing from the recent crash or the last either!

]]> By: Jeff http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-11628 Jeff Thu, 04 Feb 2010 10:49:41 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-11628 Prices must come down and people will have to see the really value of their property. Prices must come down and people will have to see the really value of their property.

]]> By: Dan http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-11595 Dan Wed, 03 Feb 2010 14:57:15 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-11595 The UK property market is essentially boom and bust and will always be with the utter greed that is spread accross the people involved. The includes joe bloggs to the professional investor developer. Our house is our castle etc, rubbish, it is just the same as as spin on the roulette table. The difference is at least you know the odds on roulette. When will the UK realise houses are best rented and buying is for the foolish. Come on guys lets get real !! some people are up to the eyes in debt for what is essentially 4 tiny little squalid walls. Choose life, rent !! not strife, buying. The UK property market is essentially boom and bust and will always be with the utter greed that is spread accross the people involved. The includes joe bloggs to the professional investor developer.

Our house is our castle etc, rubbish, it is just the same as as spin on the roulette table. The difference is at least you know the odds on roulette. When will the UK realise houses are best rented and buying is for the foolish.

Come on guys lets get real !! some people are up to the eyes in debt for what is essentially 4 tiny little squalid walls. Choose life, rent !! not strife, buying.

]]> By: Chris http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-11562 Chris Wed, 03 Feb 2010 02:03:57 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-11562 The property market crashed because the banks said "No more money", NOT because the demand fell away due to people not wanting to buy. They simply couldn't afford to buy, simple! As the banks start to make money available again by offering decent mortgage rates with lower initial deposits, people start buying again and the market bounces back. Everyone accepts that the house prices have started to rise again and first time buyers know that the first chance they get of borrowing the money, they will buy. They are certainly not concerned about further possible falls and while buyers are out buying and NOT considering possible falls, falls are unlikely to happen unless the banks halt loans again. We deal with commercial factories etc. and lately the big housing developers have been buying up brown field sites and are starting to build houses again, so they are confident that the worst is behind us! The property market crashed because the banks said “No more money”, NOT because the demand fell away due to people not wanting to buy. They simply couldn’t afford to buy, simple!

As the banks start to make money available again by offering decent mortgage rates with lower initial deposits, people start buying again and the market bounces back.

Everyone accepts that the house prices have started to rise again and first time buyers know that the first chance they get of borrowing the money, they will buy. They are certainly not concerned about further possible falls and while buyers are out buying and NOT considering possible falls, falls are unlikely to happen unless the banks halt loans again.

We deal with commercial factories etc. and lately the big housing developers have been buying up brown field sites and are starting to build houses again, so they are confident that the worst is behind us!

]]> By: Nick http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-11546 Nick Tue, 02 Feb 2010 17:43:59 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-11546 What, you think it's all over? It hasn't even started yet. What, you think it’s all over? It hasn’t even started yet.

]]> By: Andy R http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-11545 Andy R Tue, 02 Feb 2010 17:20:46 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-11545 As someone who doesn't own a home, this "recovery" is bad news by my definition, and indeed that of most young people. Not only that, we are overflowing with evidence to show that high house prices and too much borrowing to pay for them are detrimental to the economy. This isn't "recovery" any more than a heroin addict getting a fix to dampen his withdrawal symptoms is recovery. The underlying issue needs to be tackled. As someone who doesn’t own a home, this “recovery” is bad news by my definition, and indeed that of most young people.

Not only that, we are overflowing with evidence to show that high house prices and too much borrowing to pay for them are detrimental to the economy.

This isn’t “recovery” any more than a heroin addict getting a fix to dampen his withdrawal symptoms is recovery. The underlying issue needs to be tackled.

]]> By: Tony http://www.hip-consultant.co.uk/blog/has-the-property-market-learnt-from-the-house-price-crash-123/comment-page-1/#comment-11529 Tony Tue, 02 Feb 2010 13:59:08 +0000 http://www.hip-consultant.co.uk/blog/?p=1979#comment-11529 Since when was a 'recovery' when prices get more expensive? I don't understand why petrol is view positively when prices go down and houses viewed negatively for the same. I still can't afford to upgrade my house, I've been living in a flat for 20 years and am now renting a house which costs a fortune to heat. Of course I might be able to upgrade if I took out a mortgage of 5.5x mine and my partners salary but I will only be able to repay that while interest rates are low and while both of use are working. There seems a high chance one or other of those things will not hold. Since when was a ‘recovery’ when prices get more expensive?

I don’t understand why petrol is view positively when prices go down and houses viewed negatively for the same.

I still can’t afford to upgrade my house, I’ve been living in a flat for 20 years and am now renting a house which costs a fortune to heat. Of course I might be able to upgrade if I took out a mortgage of 5.5x mine and my partners salary but I will only be able to repay that while interest rates are low and while both of use are working. There seems a high chance one or other of those things will not hold.

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