As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity.
If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
One of my objectives for the upcoming year is to engage their services. I tried reaching out to a few individuals on Facebook, but unfortunately, I did not receive any response. Could you kindly recommend the person you are currently collaborating with?
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Since most people are accustomed to bull markets, they often find it difficult to handle downturns. However, with the right knowledge and strategy, you can profit handsomely. Yes, depending on your plans for entry and exit.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor?
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
A housing crash seems likely as many individuals who purchased homes above asking price are at risk, lacking equity if housing prices decline. Foreclosure becomes a concern, particularly with massive potential layoffs and a rapidly rising cost of living.
Anticipating the housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.
Consider shifting from real estate to stocks during severe recessions. While market volatility presents short-term trading opportunities, it's crucial to approach with caution. This isn't financial advice, but investing during such times may be a strategic move, consider adopting the services of a financial expert.
Definitely! It all happened in less than a year after *Camille Alicia Garcia* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Only people who lose their jobs will suffer this fate. Renting is still more expensive that a mortgage and anyone who comes off a fixed rate in the next few years will likely just remortgage at a longer team to avoid the pain of the rates rising. Losing your house and going into the rental market would be the absolute last resort for people.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
It’s absolute vote bribing useless bollocks… single first time buyer on 40k with 20k deposit, it doesn’t even buy me a 2 up 2 down shite box new build built with matchsticks & spit & even if it did I’d be shelling out 45-50% of my take home pay on the mortgage alone at the current rates it’s an absolute joke
This blame Liz Truss for high interest rates is getting a bit boring, well done for challenging that. Her budget and 49 days in power makes no material difference now to where we are. Meanwhile the same can't be said for the Bank of England with years of loose Monetary policy and printing. Yes, I'm talking about the MPC, whose judgement over the last few years has been dreadful.
Yea how can people blame her is beyond me. Quantitive easing and printing money during covid got out of hand and now we’re all paying for it now. Assets are overvalued and the chickens are coming home to roost.
@pabloes588 100% agree. We don't like this government, well wait till labour gets a hold of the reins, which looks inevitable. I think we might look back a this period and appreciate the tories weren't as bad as we thought for the economy at least.
@@Gnarturtle the tories haven’t been bad They was left an absolute shit show by the last Labour government they even left a note saying sorry it’s all gone as a joke They did the same before Maggie came into power as well The problem is people want everything but don’t expect to pay for it They want the super rich to pay for it all but in itself is a dangerous game 73% of all personal tax in the uk is paid by 3% of the population, 40% of them are non British and if they get taxed more then they’ll leave To cover that we would need something stupid like 45m more average tax payers which in itself would mean we need more people to pay taxes to cover the extra services that 45m people would need 😂 Must people don’t understand macroeconomics and just wanna hear an mp say we’ll tax the rich when in fact they’re part of the rich so will just find a way to screw over the middle classes and poorest more
As a potential first time buyer with a £100k deposit I was looking for properties @ £600-650k last year. The bank have reduced my Agreement in principle by £100k even though both me and the wife are working and in fact both received pay rises. Now I am looking at the same properties as last year but offering £500-550k! There is a big correction happening in slow motion!
It is only a correction if someone accepts your lower offer. In real terms prices have already fallen 15% or so which is a significant drop. Absent high unemployment (which currently is not happening) then further falls are much less likely.
@@LeapopsThe latest labour market data showed a big fall in employment and further falls in job vacancies (now below a million for the first time in two years) alongside rising unemployment (up 159,000 on the quarter) and economic inactivity (up 62,000). This is as of September 2023........ It's happening now!
@@Leapopsthat's because we're at the beginning of the recession. It's happening and it's gonna be painful. But brilliant for those who are cash rich right now.
Thanks, i really enjoyed that. Unfortunately i fear that the market will remain stagnant on the whole, with some distressed sales pushing the market down slightly, supply is just too low. The only caveat to this is if we have a global credit event and liquidity dries up, which is not out of the question with interest rates rocketing and capital ratios of banks collapsing. The sad thing however is that even if this scenario occurs it is likely that the people who most need affordable housing will not be able to obtain credit for it.
Its not dropping in my area. terraced houses sold for 260k £ in my area now agents are listing for 310k £ its laughable how this manchester agents are. mostly reeds and hills
Two houses I've seen on right move. One went up for 240k is now 185k and another was 220k now on for 179k. Recently I've been seeing a 15-30k reductions on houses recently. I'm still holding off. I think there will be more reductions going into next year. As a buyer this is good in my case, and when more mortgages have passed the fixed rate I'm hoping more will be wanting to sell cos they can't afford it anymore. Sounds selfish and it Is really but house prices have needed to come down for a long time.
We don't have the GDP to cover the debt, so currency debasement is the name of the game. If you have a house then think of it as Shelter not and investment. If you don't own a house then secure your income streams. The UK is a price taker, not a price setter because it imports so much. The Gov has little impact on what is driving inflation and Sunak's pledge to halve inflation is entirely vacuous. Amazing that no one talks about Chancellor Sunak's Pandemic spending is what drove it up just as in the US. Even if inflation does drop (temp) it is not due to their actions. People should plan for interest rates in the mid teens, because the UK is internationally known to be totally complacent and managed by a bunch of amateurs. The BOE has not reached rates that hit spending yet so they have to go up. If you think you are going to be "playing" the property market you are a mug.
Encouraging to read a comment of meaningful content. Interest rates have a long way to go. We cannot control high inflation with historically normal interest rates. The number of comments here that are so out of touch is alarming when all the evidence is available on the internet. And when I see supply and demand mentioned I despair.
House prices have dropped 5% nominal and 14% in real terms, thats already quite a lot. I reckon max 10% nominal 25% real terms, then it will stabilise and increase because price / salary multiple will be significantly lower. By end 2024 prices will be increasing again in nominal % I believe, theres just not enough supply. The crash of 2008 was higher in nominal % but was also during a period of very low salary inflation so not comparable. Appreciate the videos mate.
I'd be inclined to agree but you're not considering that BoE are going to keep rates higher for longer and that means 5% mortgages for the foreseeable. Even if mortgages drop to let's say 3.5% that's still a massive reduction in buying power. So prices have no where but to go but down. Regional differences but the majority will drop significantly. I'm expecting 25% drop on 2022 peak. Taking us back to January 2021 in reality.
I think you're spot-on. Some sources show an actual increase of 0.3% on house prices for July. I think this dip is bottoming out. If wages continue to rise, supply remains short, interest rates remain on hold and asset prices increase owing to inflation through fiat currency debasement, prices won't stay down for long.
@@sunshinegirl4715 one source shows 0.3%, that's LR and are lagging by 6-9 months, so ignore. Supply isn't short according to Rightmove, quite the opposite. Wages are sill behind inflation over say the last 2 years. Increases are now at the same inflation percentage, but from a lower level. We had many months when rises were 5% and inflation was 10% plus. Wages are still behind inflation overall. Asset prices increase only numerically as the currency is losing value. This will be the biggest crash in history, well over 35% reduction.
In east anglia I have put offers in above asking price and didn't get a look in. People offering considerable over the asking price. No estate agents in our area have reduced their prices certainly for anything under £200,000.
Chris similar where I live...the only ones that have had to reduce prices were the ones that really overpriced them .. unfortunately your experience doesn't fit the "we are all doomed" narrative of sites like this we have seen dips in the housing market many times before and they are always followed by steep rises.
Thanks for the great videos . :-) How can I find out the house price % reduction for any particular suburb over the last few years? Looking at purchasing a property and can see what they paid in in Jan 2022 and they are asking more now than what they paid then and I can't believe prices wouldn't be a lot lower as Jan 2022 must be near top of market pricing?...a realistic value would be at least 5-10% lower now?
Fred Harrison was interviewed a few months ago and was asked about the United Kingdom housing market Fred Harrison believes there is a 18 year property cycle and said United Kingdom is it a mid cycle dip and house prices will go up 20% in 2024 and 2025 before peaking in late 2025 and in 2026 that’s when the next housing market crash will happen Fred Harrison is spot on what he saying the land register price index was published a few days ago and it said July house prices went up 0.3% 1990 2008 2026 i rest my case 😊😊😊
A question. Why would banks be funding housing developments knowing the prices are decreasing? A new development of 2000 houses has just started this month up the road from where I live. Who would want to buy knowing the prices are falling and with the extra houses this will further weaken the house cost, more supply with less demand? Lobby is another word for bribery.
Major population decline in the UK, once the boomers are gone, there will be a flood of houses that their kids will be putting on the market. Not enough babies and too many old people either selling their homes to go into care, or kids inheriting it and selling it on... Nobody else seeing the bigger picture? This market will correct itself massively
Maybe one day but I would not hold your breath or put your housing needs on hold waiting for this to happen. The last boomers were born in 1964 so they won't all be gone for another 30 years or so. Meanwhile LEGAL migration is forecast to be circa 300,000 a year for the foreseeable future with all those people needing somewhere to live. Migration will hit the rental sector first but it is hard to see how it will not also impact the buying sector also.
the offset of this will be more single person households meaning 1 house per person vs 1 house per couple, plus inevitable acceleration of immigration (ie we need them) but yes boomers will not be replenished at the same rate most likely.
I'm in Northern Ireland and bought my new build house for 250k, 18 years ago in the last boom It has never recovered back to that price, as so much houses in NI peak from that time I'm wondering where it will end up next
This is not an isolated case, a house here [Cumbria] has been on the market for 4 months. It has just been reduced by 15% in one hit & the asking price is now just 8% more than when it sold in 2004 - not a typo. Of the 4 properties just come though on my Zoopla account 3 are reduced - that's 75%. Anybody who thinks that the UK [Western world.] house price collapse is going to be less than 70% is living in cloud cuckoo land. I believe house prices are falling there as well.
Anyone who thinks that prices are stable or there will be no disernable drop in prices in the next 12-15 months are either deluded, criminally insane, Estate Agents or Mortgage Brokers!! Take your pick!
If they are looking at another Help to Sell / Help to Buy to try and keep the fire alive then I would not be surprised if the government allowed private pensions (SIPP) to invest in residential property to help create demand in the housing market.
Looking at a house what's the best way of making a low offer without causing offence if say a house had been on the market for a couple of years would 15% below asking price be a good starting point as a 1st time buyer
If a house has been on the market for a couple of years then I wouldn't even bother. They are either unreasonable or there is something seriously wrong with it.
A cheeky offer is not out of the question. Have a go. You can always revise it upwards if you need it. Also, if they turn it down, they may give the agent and idea of where they would reach a deal with you. And if that ends up still being maybe 5k or 10k or 20k more than you want to offer, you could meet halfway on THAT, too - eg offer 2.5k or 5k or 10k respectively. Good luck.
Unfortunately, property prices in the UK would be considered very reasonable at the side of many other western countries. I've just come from Oz, where people are borrowing 10 to 15 times their salary just to get on the property ladder. Insane.
@@billykotsos4642 Yes, and that's partly why Aussie prices are so high - not enough properties being built. Immigration suddenly soaring owing to Govt migrant programs. And many builders have gone under because of cashflow problems, wage pressure and higher capital costs.
@@billykotsos4642 I think we've a similar thing with land release in Oz, Billy. It's a shocking situation. And we need the rental sector supported, to provide homes for those who're currently priced out. It's so wrong.
Letting the house price increase out of control also take first time buyer out of the market into a endless cycle of renting over priced box room squeezed into a hmo worse than a refugee hostel.
Where I live its mostly the same staffordshire/cheshire border. Going up at same price as during pandemic selling within a month at that price. Use to sell almost instantly so I guess you have to wait a few weeks now. Only ones staying on longer are 400-500k+ properties. (they are BIG houses here unlike the south) To Rent here has gone up faster than house prices so would be same as mortgage payments to rent.
Agree 2007,8,9 we are carrying that today, there should of been a crash then, NOW we need a crash get to the bottom and reevaluate, (it will be painfull) and grow the country again
The help to buy scheme is only for 250k house outside Ldn. If you buy outside for 255k you get nothing from the scheme as your exceeded the price limit.
You need real assets. Longer term, I'm bullish property. Where else do you put your money other than land, food and water, barterable consumables like alcohol and smokes, precious metals, bitcoin, a few energy and maybe health stocks, scarcity items of value and... PROPERTY?
I was worried about this article and I'm glad you've discussed it. The Tories have caused a mess, but I don't think Labour are much better when looking back to what happened leading up to the 2008 financial crisis.
The problem is people want champagne and but only want to buy for lidis sparkling wine The tories try to get the economy stable Labour will just come in borrow loads of money and ruin our economy It’s a cycle we keep going through We need a new party who are in the middle really but won’t happen
I think we are in a very dangerous situation globally and that doesn't include the geopolitical shananagins going on. My belief is that Central Banks have created a situation where they can't put up interest rates, but can't drop them either, this matched by a growing liquidity crisis and stalling productivity. Know one knows for sure, personally, I think they will let everything else go to protect the Super Banks, Wall Street, London's Square Mile and Frankfurt and we will see QE 4 or 5, (or what ever version we are on) with Trillions of £, $ being printed in weeks. This will cause another huge inflation cycle and a Zombie economy being the outcome, where none of us 95% will get any benefit, even if housing went down 30% your cash will be getting evaporated and borrowing money will extremely tough with rates well above basic bank rates. We are being set up for very hard times!!!
I did note they had quietly abolished the S21 requirements,plainly to try and prop up the market. However the 13% drop from the peak,plus increasing redundancies,mean those BTL on interest only due to remortgage, or those at risk of job losses in terms of tennants,will still be looking to economise and/or cut their losses. that momentum is still increasing sharply.
Im only saying today on X ... In the top 2 roads ( side by Side ) where i would like to buy , there is now 11 property 4 sale .. 7 with one agent who set the price trend ... Not one property sold while many are having over 20 viewings ... Not one has gone under offer ... ( Somerset ) county town
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over 850k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.
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What all the house price crash wishers forget is that RENTS will increase significantly and progressively in the next 10 years. Where are you going to live whilst waiting for the crash to buy in?
The answer is obviously to utilise the property ladder. Good strategy is to move up it during boom times and down it during contractions. Let's say you live in a 500k house with 250k equity. Downsize to a 300k house reducing your mortgage by 5x, wait for prices to fall/correct while saving into other investments, then when the market bottoms out move back up the ladder again as those bigger/better houses will have fallen more than your own will.
You sound like a guy I know who likes to time the Stockmarket. In housing you also have the huge transactional costs and the time it takes to buy and sell to factor in. I think I will stick to buy and hold forever.@@paulmitchell-gears6765
Fair point, but people with money can also move within the nation and also internationally, including to areas with radically lower costs of living. Go travelling, sit on a beach, write a book etc.
My boss is heading to Philippines next week. He will keep his job in UK and work remotely, letting his house in UK, and living like a king in Philippines.
@@liberality Also excellent suggestions. Will depend on each person's circumstances eg single/married, kids/not, job they can do anywhere/not, retired/not
Stating that house prices will revert to mean after a crazy 25% run during covid and then asking prices continuing to increase throughout 2023 is not a hard argument to make. Stating they will crash relies on interest rates remaining high. If they reduce to 4% or below then prices will level off and grow at the normal rate
Bailey predicts 5.5% until 2025, the FED about the same until 2026 and the IMF until 2028. World economies are in the $h1t. Nothing 'kindly' will happen for donkeys years.
Very few properties reduced more than 5% in East Sussex. It seems people have absorbed the change in mortgage rates. They may have given up a 2nd car or that 2nd holiday abroad but they’ve done it. My brothers partner works in mortgages and she has been very busy of late.
@@andrewestbrook4473 Where did you see these details on 6 million are in arrears with their energy bills...can you share link as I would be interested to read that?
governments screwing up capital(ist) markets is the biggest threat, and what has directly promoted a system of winners with everything and losers with nothing. Weren't governments supposed to run countries for the benefit of all their constituents, not just the donor class?
Home values are expected to fall to half their current price. House prices are speculatively inflated. If we compare home increases since the 1990s and the value of wages at the same time, with house prices today and the value of wages today, we can see the speculative value of houses. Another thing I also want to highlight is that the value of the houses is disproportionate to the low quality of construction.
you been watching to much from Sly news, one thing is for sure your rent will double in a two yr period, i'm going to say the same thing SUPPLY 'N' DEMAND will dictate the housing markets. what we have seen in the last two years is HMO's everywhere that can make landlords big bucks, renting a room for £600+ month is the normal outside of London and with rentals having an UK avg of 25 persons per lease, the rental market could go like the US, were people are paying for views on rentals.
Exactly, I like you tubers but unfortunately they fall into a path of negative videos generate clicks. If the video was titled, house price in the UK rise the VC would be half and doesn’t conform to the YT algorithm of negativity sells the same as news papers. Sad but true
It is currently £260 per sq ft to build to a decent spec which for a 1000sq ft 3 bed is £260,000, plus professional fees, S106/CIL, the cost of the land and then a profit margin of 12%. This is just in the Midlands to North. So your fall by half doesn't hold any weight. And even if it did, the price rebound would be extreme to say the least because all construction would grind to a halt.
@@DTL0VER he’s drinking the YT algorithm to make money, if he had any clue he wouldn’t be busy posting videos on f YT, these people really have no place on you tube. Your no better than the Sunday Times or the Scum
Not sure they do. People have been enjoying seeing their house value rise for years despite most of them wanting to move into a better/larger property in the future. People are stupid and don't realise that expensive housing isn't really good for anyone but those getting out of the game. People won't want to go into negative equity.
Inflation has a greater impact on people's cost of living than a crashing stock or housing market, resulting in an immediate and tangible effect. This explains the current high level of negative market sentiment, and our need for assistance in surviving this challenging economy. The financial markets have underperformed due to fears of inflation, causing stock and bond prices to plummet. Despite sounding basic, consulting a financial advisor has enabled me to outperform the market and achieve a profit of $850,000 since June 2022, making it the ideal approach to enter the financial markets today.
Since the onset of the COVID-19 pandemic, constructing a solid financial portfolio has become increasingly intricate. Therefore, I strongly advise anyone facing difficulties to consider seeking professional assistance. By doing so, you can access tailored strategies that specifically cater to your individual long-term goals and financial aspirations.
May I know the name of the financial advisor who has been helping you with your investments? If you're comfortable sharing, could you also guide me on how to contact them?
The financial advisor I work with is *STEPHANIE KOPP MEEKS* . I discovered her during a CNBC interview and contacted her thereafter. She has been guiding me by providing entry and exit points for the specific securities I focus on. If you're interested, you can search for her online to learn more about her expertise. I have been following her market strategies and have had no regrets thus far.
After conducting an online search, I came across *STEPHANIE KOPP MEEKS* and thoroughly examined her credentials. It appears that she possesses considerable expertise in the field. Consequently, I reached out to her, providing a comprehensive description of my financial market objectives.
No political party builds homes. Allowing house builders to build cheap, cramped, tatty red brick houses is not the answer THE U.K. SHOULD BE ABOUT QUALITY NOT QUANTITY
Seriously, this is happening all over the Anglosphere. Price falls are trivial when compared to the rises in prices over the last 5 years. Also ask yourself about the impact of high immigration. Do people realise this will put a floor on how low prices can go. Sorry folks, but if you're waiting to pick up a bargain, you're making a mistake. The Banks and Governments won't let a massive correction happen due to the effects on the banking sector. Frankly, if you haven't got a home now, you need to plan on renting indefinitely. The days of mass homeownership are over. The common man will be seen as the renter class in future with no pretensions of home ownership.
Renting is becoming increasingly unaffordable. There is clearly a demand for opinions stating that there will be a housing crash, sure prices may fall back.. ie the typical £295k house becoming £275k That's still unaffordable, sorry.
If the housing market to repeat 2008 crash, then prices will fall 40-50%, which is still very expensive for the most, especially in London…300-350 K is still too much for an average Joe on 20-25K per year wages.And that’s before taxes and NI.That’s barely enough to survive in London,especially if you have children to feed.😢
@alephzero7808 Prices fell by 20% in 2008. Unemployment is vastly lower now, so the current situation isn't anything like 2008. Demand is also vastly higher, compare the current population to 2008.
Boom and bust housing market, that’s the U.K. , always has been. We were heading from a drop prior to Covid. You tube full of people trying to second guess the market. The rates need to drop, inflation needs to move a bit lower then confidence returns. There will be a large housing choice by this time, so a buyers market, hence a drop in prices - some areas larger than others perhaps an average of 18%….That’s it!
I do hope that some of you are invested in disruptive opportunities and not still chasing the assets that have done well over the last 40 years due to money printing.
Speculators want your house for below market value. Check out the myriad of videos out there. Reading their negotiating tactics..including trying to reduce the price using their own survey..after the other interested buyers have gone away.
"Housing Market CRASH Can't Be Stopped" - nonsense. Average rent is THROUGH THE ROOF and these people only wait for the interest rates to dip (and they will, ask Sunak) to jump on the market and than Housing Market SOAR won't be Stopped with wild horses.
I feel bad for anyone that misses this small blip downwards. Miss this and I honestly think you may never own a house unless its given to you by family.
It must be Monday as Dr DOOM is back with another crash video. As usual he fails to address the elephant in the room. Legal migration is forecast to be 300,000 a year for the foreseeable future. These are people coming to work in the UK because we have more jobs than people. So. 1) All these people need somewhere to live. Sure it will affect the rental sector the most but it will also knock onto the buying sector too. I recently sold a property to people desperate to leave the dysfunctional rental sector 2) Pretty much everyone who wants a job has one. That is why we allow legal migration. If you have a mortgage then you definitely want a job and if you have a job then you can probably survive this difficult period so you do not have to sell your property. 3) If we don't build enough houses (and house building is slowing) then the problems continue to get worse. Absent high unemployment this crash is going to be a damp squib. In real terms prices have already fallen around 15%. There may not be that much further to go unless lots of people start losing their jobs.
Whilst we are needing to import workers in the 100s of thousands every year I doubt many home owners are going to be out of work for long even if the long predicted recession does eventually come. And the imported workers come from all over and generally rent. Which is why the rental market is nuts. So some of the people renting will be desperate to leave that dysfunctional market. I have some experience of this as my late mothers house price was bid up by well off renters resulting in getting close to asking price.@@nicky_nike
The market has been pretty bad until today it decided to go up. Everyone was practically crying then. He continued to dive. That's what you get when you feel like you can navigate the process on your own. Many thanks to Alvarez Micheal. I am not worried about how bad the market is because my assets are insured due to your advice and I continue to receive my profits.
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• Follow me on Twitter for my latest thoughts: twitter.com/darrenthedegen
Lloyd's have just predicted a steady fall over next 2 years before starting to rise again you are becoming a constant doom monger 😂
As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity.
If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Could you kindly leave your investment advisor's contact information here? I absolutely must have one.
Could you kindly leave your investment advisor's contact information here? I absolutely must have one.
One of my objectives for the upcoming year is to engage their services. I tried reaching out to a few individuals on Facebook, but unfortunately, I did not receive any response. Could you kindly recommend the person you are currently collaborating with?
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Since most people are accustomed to bull markets, they often find it difficult to handle downturns. However, with the right knowledge and strategy, you can profit handsomely. Yes, depending on your plans for entry and exit.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor?
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
A housing crash seems likely as many individuals who purchased homes above asking price are at risk, lacking equity if housing prices decline. Foreclosure becomes a concern, particularly with massive potential layoffs and a rapidly rising cost of living.
Anticipating the housing market in 2024 poses difficulties due to uncertainties about the Federal Reserve's ability to curb inflation and reduce borrowing costs without adversely affecting demand for assets like homes and automobiles.
Consider shifting from real estate to stocks during severe recessions. While market volatility presents short-term trading opportunities, it's crucial to approach with caution. This isn't financial advice, but investing during such times may be a strategic move, consider adopting the services of a financial expert.
@@mariaguerrero08 Can you suggest the financial expert you've been using? It appears you've had success with their guidance.
Definitely! It all happened in less than a year after *Camille Alicia Garcia* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Only people who lose their jobs will suffer this fate. Renting is still more expensive that a mortgage and anyone who comes off a fixed rate in the next few years will likely just remortgage at a longer team to avoid the pain of the rates rising. Losing your house and going into the rental market would be the absolute last resort for people.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
She appears to be well-educated and well-read I ran a google search on her name and came across her website; Thank You for sharing.
It’s absolute vote bribing useless bollocks… single first time buyer on 40k with 20k deposit, it doesn’t even buy me a 2 up 2 down shite box new build built with matchsticks & spit & even if it did I’d be shelling out 45-50% of my take home pay on the mortgage alone at the current rates it’s an absolute joke
This blame Liz Truss for high interest rates is getting a bit boring, well done for challenging that. Her budget and 49 days in power makes no material difference now to where we are. Meanwhile the same can't be said for the Bank of England with years of loose Monetary policy and printing. Yes, I'm talking about the MPC, whose judgement over the last few years has been dreadful.
F the tories
Yea how can people blame her is beyond me. Quantitive easing and printing money during covid got out of hand and now we’re all paying for it now. Assets are overvalued and the chickens are coming home to roost.
Wait until Labour get in then 😂 they’ll literally do what she did and it’ll be a shit show
@pabloes588 100% agree. We don't like this government, well wait till labour gets a hold of the reins, which looks inevitable. I think we might look back a this period and appreciate the tories weren't as bad as we thought for the economy at least.
@@Gnarturtle the tories haven’t been bad
They was left an absolute shit show by the last Labour government they even left a note saying sorry it’s all gone as a joke
They did the same before Maggie came into power as well
The problem is people want everything but don’t expect to pay for it
They want the super rich to pay for it all but in itself is a dangerous game
73% of all personal tax in the uk is paid by 3% of the population, 40% of them are non British and if they get taxed more then they’ll leave
To cover that we would need something stupid like 45m more average tax payers which in itself would mean we need more people to pay taxes to cover the extra services that 45m people would need 😂
Must people don’t understand macroeconomics and just wanna hear an mp say we’ll tax the rich when in fact they’re part of the rich so will just find a way to screw over the middle classes and poorest more
As a potential first time buyer with a £100k deposit I was looking for properties @ £600-650k last year. The bank have reduced my Agreement in principle by £100k even though both me and the wife are working and in fact both received pay rises. Now I am looking at the same properties as last year but offering £500-550k! There is a big correction happening in slow motion!
It is only a correction if someone accepts your lower offer. In real terms prices have already fallen 15% or so which is a significant drop. Absent high unemployment (which currently is not happening) then further falls are much less likely.
@@LeapopsThe latest labour market data showed a big fall in employment and further falls in job vacancies (now below a million for the first time in two years) alongside rising unemployment (up 159,000 on the quarter) and economic inactivity (up 62,000). This is as of September 2023........ It's happening now!
@@Leapopsthat's because we're at the beginning of the recession. It's happening and it's gonna be painful. But brilliant for those who are cash rich right now.
You may be right - time will tell.@@Loundsify
@@Loundsifycash rich or equity rich
Thanks, i really enjoyed that. Unfortunately i fear that the market will remain stagnant on the whole, with some distressed sales pushing the market down slightly, supply is just too low.
The only caveat to this is if we have a global credit event and liquidity dries up, which is not out of the question with interest rates rocketing and capital ratios of banks collapsing. The sad thing however is that even if this scenario occurs it is likely that the people who most need affordable housing will not be able to obtain credit for it.
Its not dropping in my area. terraced houses sold for 260k £ in my area now agents are listing for 310k £ its laughable how this manchester agents are. mostly reeds and hills
Who wants to live in Manchester ? 😂
@@andrewtaylor6737 I don't but what can i do? cant afford london for now.
Two houses I've seen on right move. One went up for 240k is now 185k and another was 220k now on for 179k. Recently I've been seeing a 15-30k reductions on houses recently. I'm still holding off. I think there will be more reductions going into next year. As a buyer this is good in my case, and when more mortgages have passed the fixed rate I'm hoping more will be wanting to sell cos they can't afford it anymore. Sounds selfish and it Is really but house prices have needed to come down for a long time.
Where was this?
Plenty still selling in my area - generally 3-5% down from peak
We don't have the GDP to cover the debt, so currency debasement is the name of the game. If you have a house then think of it as Shelter not and investment. If you don't own a house then secure your income streams. The UK is a price taker, not a price setter because it imports so much. The Gov has little impact on what is driving inflation and Sunak's pledge to halve inflation is entirely vacuous. Amazing that no one talks about Chancellor Sunak's Pandemic spending is what drove it up just as in the US.
Even if inflation does drop (temp) it is not due to their actions. People should plan for interest rates in the mid teens, because the UK is internationally known to be totally complacent and managed by a bunch of amateurs. The BOE has not reached rates that hit spending yet so they have to go up. If you think you are going to be "playing" the property market you are a mug.
Encouraging to read a comment of meaningful content. Interest rates have a long way to go. We cannot control high inflation with historically normal interest rates. The number of comments here that are so out of touch is alarming when all the evidence is available on the internet. And when I see supply and demand mentioned I despair.
House prices have dropped 5% nominal and 14% in real terms, thats already quite a lot. I reckon max 10% nominal 25% real terms, then it will stabilise and increase because price / salary multiple will be significantly lower. By end 2024 prices will be increasing again in nominal % I believe, theres just not enough supply. The crash of 2008 was higher in nominal % but was also during a period of very low salary inflation so not comparable. Appreciate the videos mate.
I'd be inclined to agree but you're not considering that BoE are going to keep rates higher for longer and that means 5% mortgages for the foreseeable. Even if mortgages drop to let's say 3.5% that's still a massive reduction in buying power. So prices have no where but to go but down. Regional differences but the majority will drop significantly. I'm expecting 25% drop on 2022 peak. Taking us back to January 2021 in reality.
I think you're spot-on. Some sources show an actual increase of 0.3% on house prices for July. I think this dip is bottoming out. If wages continue to rise, supply remains short, interest rates remain on hold and asset prices increase owing to inflation through fiat currency debasement, prices won't stay down for long.
@@sunshinegirl4715 one source shows 0.3%, that's LR and are lagging by 6-9 months, so ignore. Supply isn't short according to Rightmove, quite the opposite. Wages are sill behind inflation over say the last 2 years. Increases are now at the same inflation percentage, but from a lower level. We had many months when rises were 5% and inflation was 10% plus. Wages are still behind inflation overall. Asset prices increase only numerically as the currency is losing value. This will be the biggest crash in history, well over 35% reduction.
@@sunshinegirl4715where are you getting the 0.3% increase figure?
@@WillyJuniorprobably the land registry data which is 6-8months behind what’s happening now!
In east anglia I have put offers in above asking price and didn't get a look in. People offering considerable over the asking price. No estate agents in our area have reduced their prices certainly for anything under £200,000.
Chris similar where I live...the only ones that have had to reduce prices were the ones that really overpriced them .. unfortunately your experience doesn't fit the "we are all doomed" narrative of sites like this we have seen dips in the housing market many times before and they are always followed by steep rises.
Excellent video! Expecting a minimum of 20-30% drop from current prices
It won’t happen I’m afraid. People just won’t sell.
10%-15%- at best
And how much have they risen in price over the last 5 years ?
With inflation more like 100 percent drop
@@CrankCyclingChannel so why crashes in the 1970s, 1990s and 2009?
Thanks for the great videos . :-) How can I find out the house price % reduction for any particular suburb over the last few years? Looking at purchasing a property and can see what they paid in in Jan 2022 and they are asking more now than what they paid then and I can't believe prices wouldn't be a lot lower as Jan 2022 must be near top of market pricing?...a realistic value would be at least 5-10% lower now?
Fred Harrison was interviewed a few months ago and was asked about the United Kingdom housing market Fred Harrison believes there is a 18 year property cycle and said United Kingdom is it a mid cycle dip and house prices will go up 20% in 2024 and 2025 before peaking in late 2025 and in 2026 that’s when the next housing market crash will happen Fred Harrison is spot on what he saying the land register price index was published a few days ago and it said July house prices went up 0.3% 1990 2008 2026 i rest my case 😊😊😊
Yes. Same thing being said by Phil Anderson. The property mania has barely paused in Australia. They're still barrelling up over there.
A question. Why would banks be funding housing developments knowing the prices are decreasing? A new development of 2000 houses has just started this month up the road from where I live. Who would want to buy knowing the prices are falling and with the extra houses this will further weaken the house cost, more supply with less demand?
Lobby is another word for bribery.
Because they will be renting them out at exorbitant rates.
@@elliskaranikolaou2550 ahh “you will own nothing and be grateful”, Klaus Schwab’s Great Reset quote (WEF)!
Madness. A £100m development of 313 houses in Mansfield has just gone bust. Many houses in saleable condition and just not shifting.
@@dotherightthingbroWell done on getting so much wrong with that "quote". Takes skill.
How much do the houses cost to build ? I read a 1990s newspaper article saying that housebuilders were only making £5000 per house.
Major population decline in the UK, once the boomers are gone, there will be a flood of houses that their kids will be putting on the market. Not enough babies and too many old people either selling their homes to go into care, or kids inheriting it and selling it on... Nobody else seeing the bigger picture? This market will correct itself massively
Nope, that's why they are ramping up immigration in all Anglosphere nations.
Maybe one day but I would not hold your breath or put your housing needs on hold waiting for this to happen. The last boomers were born in 1964 so they won't all be gone for another 30 years or so. Meanwhile LEGAL migration is forecast to be circa 300,000 a year for the foreseeable future with all those people needing somewhere to live. Migration will hit the rental sector first but it is hard to see how it will not also impact the buying sector also.
the offset of this will be more single person households meaning 1 house per person vs 1 house per couple, plus inevitable acceleration of immigration (ie we need them) but yes boomers will not be replenished at the same rate most likely.
Agree with most of what you say here actually
It is correcting, downwards.
Let's build 1 million crappy houses with 10 foot back gardens that have massive issues and cost 250000
8:35 do any first time buyers have a 25% deposit? Seems like a weird number to chose
I'm in Northern Ireland and bought my new build house for 250k, 18 years ago in the last boom
It has never recovered back to that price, as so much houses in NI peak from that time
I'm wondering where it will end up next
Darren, I'm just looking at houses and I notice with some of them the "offers in excess of" displayed. How true is that honestly, or is just more bs.
Marketing BS. Ignore. Offer what you think it is worth.
Nonsense, a price correction, not a crash. House shortages, rental market strong, the housing market will be slower, it will not crash
This is not an isolated case, a house here [Cumbria] has been on the market for 4 months. It has just been reduced by 15% in one hit & the asking price is now just 8% more than when it sold in 2004 - not a typo. Of the 4 properties just come though on my Zoopla account 3 are reduced - that's 75%. Anybody who thinks that the UK [Western world.] house price collapse is going to be less than 70% is living in cloud cuckoo land. I believe house prices are falling there as well.
Anyone who thinks that prices are stable or there will be no disernable drop in prices in the next 12-15 months are either deluded, criminally insane, Estate Agents or Mortgage Brokers!! Take your pick!
In Australia they are barrelling up.
If they are looking at another Help to Sell / Help to Buy to try and keep the fire alive then I would not be surprised if the government allowed private pensions (SIPP) to invest in residential property to help create demand in the housing market.
Looking at a house what's the best way of making a low offer without causing offence if say a house had been on the market for a couple of years would 15% below asking price be a good starting point as a 1st time buyer
I wouldn't worry about causing offence
If a house has been on the market for a couple of years then I wouldn't even bother. They are either unreasonable or there is something seriously wrong with it.
Don't worry about offence, it's a business situation. They can always no.
A cheeky offer is not out of the question. Have a go. You can always revise it upwards if you need it. Also, if they turn it down, they may give the agent and idea of where they would reach a deal with you. And if that ends up still being maybe 5k or 10k or 20k more than you want to offer, you could meet halfway on THAT, too - eg offer 2.5k or 5k or 10k respectively. Good luck.
Insane prices for these flats… we need huge reduction in prices…
Unfortunately, property prices in the UK would be considered very reasonable at the side of many other western countries. I've just come from Oz, where people are borrowing 10 to 15 times their salary just to get on the property ladder. Insane.
@@sunshinegirl4715 nope… all we need is MORE houses…. Thats alll… no magic no hocus pocus…. Just MORE HOUSES !
@@billykotsos4642 Yes, and that's partly why Aussie prices are so high - not enough properties being built. Immigration suddenly soaring owing to Govt migrant programs. And many builders have gone under because of cashflow problems, wage pressure and higher capital costs.
@@sunshinegirl4715 In the UK its all about permissions…. They dont let houses being built…. Because parliament doesn’t care about private renters…
@@billykotsos4642 I think we've a similar thing with land release in Oz, Billy. It's a shocking situation. And we need the rental sector supported, to provide homes for those who're currently priced out. It's so wrong.
Letting the house price increase out of control also take first time buyer out of the market into a endless cycle of renting over priced box room squeezed into a hmo worse than a refugee hostel.
Prices are not falling where I live (East Sussex Coastal) in fact they are coming onto the market higher than the peak! Granted many are not selling.
If they don't sell after 6 months, the vendors must reduce asking prices.
They don't have to!@@andrewestbrook4473
Where I live its mostly the same staffordshire/cheshire border. Going up at same price as during pandemic selling within a month at that price.
Use to sell almost instantly so I guess you have to wait a few weeks now.
Only ones staying on longer are 400-500k+ properties. (they are BIG houses here unlike the south)
To Rent here has gone up faster than house prices so would be same as mortgage payments to rent.
If people can say no to buying schemes, eg shared ownership etc. house developers will be forced to reduce the price of houses
Loooool
you can easily tell the home owners and renters on this YT page.
Agree 2007,8,9 we are carrying that today, there should of been a crash then, NOW we need a crash get to the bottom and reevaluate, (it will be painfull) and grow the country again
Excellent job
The help to buy scheme is only for 250k house outside Ldn. If you buy outside for 255k you get nothing from the scheme as your exceeded the price limit.
You need real assets. Longer term, I'm bullish property. Where else do you put your money other than land, food and water, barterable consumables like alcohol and smokes, precious metals, bitcoin, a few energy and maybe health stocks, scarcity items of value and... PROPERTY?
I was worried about this article and I'm glad you've discussed it. The Tories have caused a mess, but I don't think Labour are much better when looking back to what happened leading up to the 2008 financial crisis.
The problem is people want champagne and but only want to buy for lidis sparkling wine
The tories try to get the economy stable Labour will just come in borrow loads of money and ruin our economy
It’s a cycle we keep going through
We need a new party who are in the middle really but won’t happen
The 2008 crisis was a product of an international banking crisis. It wasn't exclusive or specific to Britain.
I think we are in a very dangerous situation globally and that doesn't include the geopolitical shananagins going on. My belief is that Central Banks have created a situation where they can't put up interest rates, but can't drop them either, this matched by a growing liquidity crisis and stalling productivity. Know one knows for sure, personally, I think they will let everything else go to protect the Super Banks, Wall Street, London's Square Mile and Frankfurt and we will see QE 4 or 5, (or what ever version we are on) with Trillions of £, $ being printed in weeks. This will cause another huge inflation cycle and a Zombie economy being the outcome, where none of us 95% will get any benefit, even if housing went down 30% your cash will be getting evaporated and borrowing money will extremely tough with rates well above basic bank rates. We are being set up for very hard times!!!
Could be. I wouldn't be too surprised if politicians destroy the economy, by implementing half-baked theories in an attempt to save the economy.
Have a kitkat 😅
Buy equities then?
@@edc1569 If you can do it without borrowing money and before everyone else, sure.
I did note they had quietly abolished the S21 requirements,plainly to try and prop up the market.
However the 13% drop from the peak,plus increasing redundancies,mean those BTL on interest only due to remortgage, or those at risk of job losses in terms of tennants,will still be looking to economise and/or cut their losses. that momentum is still increasing sharply.
Im only saying today on X ... In the top 2 roads ( side by Side ) where i would like to buy , there is now 11 property 4 sale .. 7 with one agent who set the price trend ... Not one property sold while many are having over 20 viewings ... Not one has gone under offer ... ( Somerset ) county town
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What all the house price crash wishers forget is that RENTS will increase significantly and progressively in the next 10 years. Where are you going to live whilst waiting for the crash to buy in?
The answer is obviously to utilise the property ladder. Good strategy is to move up it during boom times and down it during contractions.
Let's say you live in a 500k house with 250k equity. Downsize to a 300k house reducing your mortgage by 5x, wait for prices to fall/correct while saving into other investments, then when the market bottoms out move back up the ladder again as those bigger/better houses will have fallen more than your own will.
You sound like a guy I know who likes to time the Stockmarket. In housing you also have the huge transactional costs and the time it takes to buy and sell to factor in. I think I will stick to buy and hold forever.@@paulmitchell-gears6765
Fair point, but people with money can also move within the nation and also internationally, including to areas with radically lower costs of living. Go travelling, sit on a beach, write a book etc.
My boss is heading to Philippines next week. He will keep his job in UK and work remotely, letting his house in UK, and living like a king in Philippines.
@@liberality Also excellent suggestions. Will depend on each person's circumstances eg single/married, kids/not, job they can do anywhere/not, retired/not
I’m a cash buyer and I just low ball everyone
Eventually one buyer will be desperate enough then I can renovate and sell in a few years
Stating that house prices will revert to mean after a crazy 25% run during covid and then asking prices continuing to increase throughout 2023 is not a hard argument to make. Stating they will crash relies on interest rates remaining high. If they reduce to 4% or below then prices will level off and grow at the normal rate
Bailey predicts 5.5% until 2025, the FED about the same until 2026 and the IMF until 2028. World economies are in the $h1t. Nothing 'kindly' will happen for donkeys years.
What's a normal rate?
@@30053574 6% per year is normal in real terms which is naff all after inflation
8:15 so, printing more money to keep prices high rather than build more houses.
Properties in my area are extortionate. They are being put on the market, not selling and so are withdrawn from the market.
Houses going to crash by 40% and leave many in negative equity
It’s all in the charts
Inflation is crazy and interest rates are going to only go up
housing stock is not crypto, what the hell are you smoking 40%, we all have to live somewhere Supply'N'Demand will be the driver.
@@ecoterrorist1402 What demand? FTBs, the bedrock of this Ponzi scheme, can't afford the mortgage rates.
@@ecoterrorist1402 And employment. That's going to be a biggie. There will be so many unemployed.
In Hong Kong prices already down by 20%…10% further drop predicted for next year. Yes I think also 30 -40% drop from peak prices.
Very few properties reduced more than 5% in East Sussex. It seems people have absorbed the change in mortgage rates. They may have given up a 2nd car or that 2nd holiday abroad but they’ve done it. My brothers partner works in mortgages and she has been very busy of late.
The crisis is deepening. 6 million are in arrears with their energy bills. East Sussex will be last to go under.
Lol, idiots still buying ?
No sympathy, when those mortgages become worthless!
@@andrewestbrook4473 Where did you see these details on 6 million are in arrears with their energy bills...can you share link as I would be interested to read that?
Why does the government feel it’s their job to prop up house prices!? Who other than the banks benefit?
The 95% mortgage guarantee scheme is nothing
governments screwing up capital(ist) markets is the biggest threat, and what has directly promoted a system of winners with everything and losers with nothing. Weren't governments supposed to run countries for the benefit of all their constituents, not just the donor class?
Home values are expected to fall to half their current price. House prices are speculatively inflated. If we compare home increases since the 1990s and the value of wages at the same time, with house prices today and the value of wages today, we can see the speculative value of houses. Another thing I also want to highlight is that the value of the houses is disproportionate to the low quality of construction.
you been watching to much from Sly news, one thing is for sure your rent will double in a two yr period,
i'm going to say the same thing SUPPLY 'N' DEMAND will dictate the housing markets.
what we have seen in the last two years is HMO's everywhere that can make landlords big bucks, renting a room for £600+ month is the normal outside of London and with rentals having an UK avg of 25 persons per lease, the rental market could go like the US, were people are paying for views on rentals.
Exactly, I like you tubers but unfortunately they fall into a path of negative videos generate clicks. If the video was titled, house price in the UK rise the VC would be half and doesn’t conform to the YT algorithm of negativity sells the same as news papers. Sad but true
It is currently £260 per sq ft to build to a decent spec which for a 1000sq ft 3 bed is £260,000, plus professional fees, S106/CIL, the cost of the land and then a profit margin of 12%.
This is just in the Midlands to North.
So your fall by half doesn't hold any weight. And even if it did, the price rebound would be extreme to say the least because all construction would grind to a halt.
By 50pc?? What you drinking mate?
@@DTL0VER he’s drinking the YT algorithm to make money, if he had any clue he wouldn’t be busy posting videos on f YT, these people really have no place on you tube. Your no better than the Sunday Times or the Scum
I think perception is starting to change, most people want house prices to decrease now.
Not sure they do. People have been enjoying seeing their house value rise for years despite most of them wanting to move into a better/larger property in the future. People are stupid and don't realise that expensive housing isn't really good for anyone but those getting out of the game. People won't want to go into negative equity.
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No political party builds homes.
Allowing house builders to build cheap, cramped, tatty red brick houses is not the answer
THE U.K. SHOULD BE ABOUT QUALITY NOT QUANTITY
Seriously, this is happening all over the Anglosphere. Price falls are trivial when compared to the rises in prices over the last 5 years. Also ask yourself about the impact of high immigration. Do people realise this will put a floor on how low prices can go. Sorry folks, but if you're waiting to pick up a bargain, you're making a mistake. The Banks and Governments won't let a massive correction happen due to the effects on the banking sector. Frankly, if you haven't got a home now, you need to plan on renting indefinitely. The days of mass homeownership are over. The common man will be seen as the renter class in future with no pretensions of home ownership.
Interest rates have to stay high to support the British Pound as the US Dollar gets stronger.
si why oh why are they destroying country side and building everywhere???
The only way this happens is through recession and a massive loss of jobs. without that, nothing changes.
Renting is becoming increasingly unaffordable. There is clearly a demand for opinions stating that there will be a housing crash, sure prices may fall back.. ie the typical £295k house becoming £275k That's still unaffordable, sorry.
If the housing market to repeat 2008 crash, then prices will fall 40-50%, which is still very expensive for the most, especially in London…300-350 K is still too much for an average Joe on 20-25K per year wages.And that’s before taxes and NI.That’s barely enough to survive in London,especially if you have children to feed.😢
@alephzero7808 Prices fell by 20% in 2008. Unemployment is vastly lower now, so the current situation isn't anything like 2008. Demand is also vastly higher, compare the current population to 2008.
@@bradsmith9689 Prices would have dropped significantly more if ZIRP had not happened.
@@alephzero7808 Wages are way too low.
6:22 Bribed. The correct word is bribed.
Interest prices rise, house prices fall. You can create better content than this mate
Yeh but they’ll go down about thru pence halfpenny then go back up. Same old shite!
As a general rule, whatever the usurious government suggests you do, either don’t do it or do the opposite.
In the same way the Tories will support house builders not home owners !
You still pop up into my feed. For gods sake. Why do I keep watching these videos…
Because the analysis is spot-on.
Tbf why would you donate to the party out of power? Waste of money. Lots if donations will start heading the way of the Labour party soon.
This guy really wants that house…
Boom and bust housing market, that’s the U.K. , always has been. We were heading from a drop prior to Covid. You tube full of people trying to second guess the market. The rates need to drop, inflation needs to move a bit lower then confidence returns. There will be a large housing choice by this time, so a buyers market, hence a drop in prices - some areas larger than others perhaps an average of 18%….That’s it!
I do hope that some of you are invested in disruptive opportunities and not still chasing the assets that have done well over the last 40 years due to money printing.
How many houses do you own?
Backdrop on video says it all
Buy Bitcoin, not houses, people.
If you don't buy BTC, you'll regret it big time & your children (or future children) will hate you
XRP, too 👍
Where, give me a link
AMEN
Speculators want your house for below market value. Check out the myriad of videos out there. Reading their negotiating tactics..including trying to reduce the price using their own survey..after the other interested buyers have gone away.
🤭 Yawwwnnnnn
Is this the HPC forum official channel on RUclips?😂
Who's seen Fight Club with Brad Pitt? That's what we need. :)
Try it without the naff ‘guys’
Check land registry there has been a rise. Stick to E bike reviews.
Didn’t Stamer announce recently that Labour would like to encourage mass house building?
politicians promises.....
They've all said that for the last 20 years & not one of them has kept their word! Too busy lining the pockets of persimmon et al.
For his developer mates...and one reason why the plebs enjoy importing half the world here, to fill up the housing stock and keep demand high
@@Bubbles77418 Labour, in particular, the party of platitudes.
"Housing Market CRASH Can't Be Stopped" - nonsense. Average rent is THROUGH THE ROOF and these people only wait for the interest rates to dip (and they will, ask Sunak) to jump on the market and than Housing Market SOAR won't be Stopped with wild horses.
I feel bad for anyone that misses this small blip downwards.
Miss this and I honestly think you may never own a house unless its given to you by family.
I bought a house early this year 😑
House buying schemes designed by THE SCHEMERS!
🏦🏦🏦
It must be Monday as Dr DOOM is back with another crash video. As usual he fails to address the elephant in the room.
Legal migration is forecast to be 300,000 a year for the foreseeable future. These are people coming to work in the UK because we have more jobs than people. So.
1) All these people need somewhere to live. Sure it will affect the rental sector the most but it will also knock onto the buying sector too. I recently sold a property to people desperate to leave the dysfunctional rental sector
2) Pretty much everyone who wants a job has one. That is why we allow legal migration. If you have a mortgage then you definitely want a job and if you have a job then you can probably survive this difficult period so you do not have to sell your property.
3) If we don't build enough houses (and house building is slowing) then the problems continue to get worse.
Absent high unemployment this crash is going to be a damp squib. In real terms prices have already fallen around 15%. There may not be that much further to go unless lots of people start losing their jobs.
Did you not hear there is a recession looming (job losses) and most are third world and have no money to buy a house.
4) If you waited for 12 months you have saved a lot of money buying a house in the north.
Whilst we are needing to import workers in the 100s of thousands every year I doubt many home owners are going to be out of work for long even if the long predicted recession does eventually come.
And the imported workers come from all over and generally rent. Which is why the rental market is nuts. So some of the people renting will be desperate to leave that dysfunctional market. I have some experience of this as my late mothers house price was bid up by well off renters resulting in getting close to asking price.@@nicky_nike
The market has been pretty bad until today it decided to go up. Everyone was practically crying then. He continued to dive. That's what you get when you feel like you can navigate the process on your own. Many thanks to Alvarez Micheal. I am not worried about how bad the market is because my assets are insured due to your advice and I continue to receive my profits.
As a first time investor I started trading with him, I appreciate him straightforward and simple approach to educating traders. my portfolio has grown much more within a few weeks of trading with it.
He's on 😊t e l e g r a m
@Investwithalvarezmike, that's it😊
Same clickbait shit everyday?
BBC news lol
pointless video... why make it just for the sake of making a vid lol
the UK economy isn't looking good ? It's been bad for 7 years ! our GDP hadn't grown a single percent 😂
Another poorly educated Remainer I see. Have you moved to the continent yet or do they not want you?