Scaremongering and talk of house crash

[Gooby]

Who in the hell is behind all the scaremongering regarding house prices and a possible crash? It seems every day, someone is writing a negative article. Could it be that the Bank of England is somehow trying to get people to stop spending on houses so they do not have to increase the interest rate....making it even less likely for people to spend on the high street? Who would benefit most from the negative articles?

[MrsCheeks]

Well I will certainly benefit if there is a crashin the housing market. Perhaps then I might finally be able to afford a house, as presently I cannot afford ANYTHING!!! Even houses priced at �50k are going for double that and I cannot compete. The sooner these overinfalted utterly unrealistic prices are dropped the better off hundreds of thousands of people will be as they will then finally be able to have a home of their own.

[Mrs_Pegasus]

I dont think its scaremongering, I think everyone is worried that we will end up with a whole load of people with negative equity and a whole debt issue spiralling out of control. My hubby and I have 2 very good jobs but the mortgages we are offered would barely buy us a 2 bed terrace here. We live in Wales which is suppose to be cheaper???? No chance. The market is slowing, properties over �150k are sitting on the market longer but the cheaper properties are being snapped up before they get in the estate agents window! Something has got to give and when it does there could be a whole 1980's revival of the crash. Not good.

[Gooby]

Personally, I'm tired of people who don't have houses wishing that those of us who do, lose money in the value of our homes. I for one will hold on to my home rather than give it away to someone who is trying to take advantage of a slower market. I think everyone who has a home should either get a good price for it or hang on to it and wait for things to pick up in the Spring. These people who want our misfortune for their gain will buy now or buy later when the rates go higher. Meantime, they will just keep spending their money buying a rented house or apartment for someone else.