Who'd like to guess how long it will take for the housing market to recover?

[Sam&Si]

I would like to hear a chicken joke

Otherwise I will have to take an extra Nytol to help me sleep or else I will be lying awake all night thinking of complex housing market things lol xxx

[earlswood]

Originally Posted by Sam&Si

Hi TheBrammies, soz didn't mean to have a dig but it really annoys me when suddenly everyone's suddenly an armchair expert on the housing market lol I also don't see it as a problem that I am on the inside... what are you on about ...lol The dual problem of the of lack of commercial borrowing resulting mortgage lenders simply not being able to get hold of as much funds as they used to in order to then pass those mortgages on to consumers is now made worse by the serious downturn in the newbuild housing sector which is not as simple as the supply/demand theory that you gave above. The downturn is not going to right itself in weeks/months - it will be at least 2 years before some volume housebuilders recover, and some may not recover at all. Sorry to get on my high horse lol xx

The people who do not seem to have a clue are the ones "on the inside" every single one has a different opinion, the public take as much notice of you lot as they do of politicians to be honest......
Bottom line.....no one knows what will happen in the long run and joe bloggs opinion is just as good as any so called experts.

[Sam&Si]

Thanks for that Earlswood -I presume you are including me in your definition of 'you lot'. What a pleasure it is to come in from another difficult day at work to read such an insightful, cheerful, non-offensive comment. NOT!

[TheBrammies]

i didn't dismiss sam&si 's comments i've taken them on board and found him very knowledgeable on the subject and enjoyed the dicussion we had i think the point i was trying to make was that the media make things worse than they should be and people who work in the industry can be side tracked by the emotion and sentiment in this country there is a housing shortage and the population is growing making the problem worse and if the big builders stop building this can only add to the pressure demand out stripping supply will lead to price rises but as sam & si pointed out that this will happen but not in th etime frame i was predicting i'm no expert if people can't get a mortgage they can't buy and the builders have no reason to build i think he is spot on with alot he has said i love a good debate but am not offended if someone disagrees with me and i see sam&si as a friend not an enemy this isn't a negative thread but a discussion where people reading it may get a better understanding of whats happening the the country with the housing market.
i ook forward to good informative replys even if they disagree with my views

[Pinhead]

If only the bloody government would get their fingers out of their a*ses and do something about it!

Getting rid of stamp duty on all properties under £250K, cutting fuel excise duty on petrol , reducing VAT on utility bills & forcing the UK banks to declare their exposure to the sub prime derivatives would be a good start.

What does Brown do....he's thinking about postponing the 2p INCREASE in fuel duty in Oct!

[Sam&Si]

Thank you TheBrammies! Couldn't agree more. Does anyone have any evidence yet of house prices dropping in Oz? There definitely seems to more of an 'air of desperation' when I'm looking on realestate.com in terms of lots of 'vendors instructions are to sell!' etc....

x

p.s would you like to buy my house lol

[toughspiders]

Originally Posted by Pinhead

If only the bloody government would get their fingers out of their a*ses and do something about it!

Getting rid of stamp duty on all properties under £250K, cutting fuel excise duty on petrol , reducing VAT on utility bills & forcing the UK banks to declare their exposure to the sub prime derivatives would be a good start.

What does Brown do....he's thinking about postponing the 2p INCREASE in fuel duty in Oct!

Couldn't agree more and while their at it,,,get our butts out of Irag and Afghanistan (get our forces back home) and stop spending 3 Billion pounds on Aircraft carriers. He also needs to stop taxing us so more on Fuel oh and get in the real world Brown!

[Pinhead]

Originally Posted by Sam&Si

Thank you TheBrammies! Couldn't agree more. Does anyone have any evidence yet of house prices dropping in Oz? There definitely seems to more of an 'air of desperation' when I'm looking on realestate.com in terms of lots of 'vendors instructions are to sell!' etc....

x

p.s would you like to buy my house lol

I think you'll find that depends on which state/city you look at.
By all accounts Perth is weak (not a surprise considering recent increases) and Brisbane is strong (large amount of migration internally plus outside oz).