Phi
Member
Registered: 8th Jan 07
Location: South
User status: Offline
|
 i dont completely understand it, but still worrying dont you think?
http://news.sky.com/skynews/article/0,,30400-1301700,00.html
Opinions...............
|
Daimo B
Member
Registered: 20th Mar 00
User status: Offline
|
Well its been coming since the twin towers, so not something new really. Just a matter of time.
Now the $ is at its weakest in quite a while (great for us). The only issue is whatever happens to America tends to effect the rest of the western world.
A couple of months ago a few of the large banks joined forces to prevent it happening. Its still being fought.
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
Its not good if you own property certainly, but things will pick up in time... they always do...
|
Daimo B
Member
Registered: 20th Mar 00
User status: Offline
|
I don't think the housing market is going to crash.
It just means banks arn't as willing to lend out money so harder to get a house.
Those on the market should be fine. Prices wont go down in the UK, they will just even off, as trends have shown recently.
|
Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
|
quote:
Originally posted by VXR
Well its been coming since the twin towers, so not something new really. Just a matter of time.
Now the $ is at its weakest in quite a while (great for us). The only issue is whatever happens to America tends to effect the rest of the western world.
A couple of months ago a few of the large banks joined forces to prevent it happening. Its still being fought.
Its very bad for us unless you go on holiday as all exports not only to the US but outside europe become expensive as the $ is the world currency.
The £ is also the weakest its ever been against the euro.
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
Recessions tend to lead to house values going down which then leads to negative equity etc etc
|
Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
|
Yes as lower income jobs go and thus no lower end of the chain so selling a 500,000 becomes impossable.
As well as an increased rate in forclosures. and increase in interest rates
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
did anyone else notice the FTSE go BOOM soon as the americans joined us today? 
|
Daimo B
Member
Registered: 20th Mar 00
User status: Offline
|
House prices wont go down they will settle and stay around the same area as they are now.
Negative equity just means you have to stay put, it isn't BAD for homeowners. You just stay put and ride it out.
I think we'll be ok, we've lasted since 2002 so far, we'll get through it.
Plus, i've seen absolutly no indication of the market crashing within the professional business areas. When the last recession came in 02, jobs were VERY scare, but theres still plenty out there.
The major banks are doing their best to prevent the recession.
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
I thought the last recession was in 1992 not 2002?
|
LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
|
i dont understand it tbh, will house prices go down? i might buy one if they do
|
Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
|
quote:
Originally posted by willay
did anyone else notice the FTSE go BOOM soon as the americans joined us today?
yeah 400 pts in an hour or something as it was MLK day yesterday so loads of sale requests in
|
Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
|
quote:
Originally posted by willay
I thought the last recession was in 1992 not 2002?
Last proper one was.
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
quote:
Originally posted by VXR
The major banks are doing their best to prevent the recession.
you mean like the big names or the central banks? I thought its the latter that can only help it?
|
Daimo B
Member
Registered: 20th Mar 00
User status: Offline
|
quote:
Originally posted by willay
I thought the last recession was in 1992 not 2002?
We had a mild recession when the towers dropped.
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
quote:
Originally posted by VXR
quote:
Originally posted by willay
I thought the last recession was in 1992 not 2002?
We had a mild recession when the towers dropped.
That was 2001 no?
|
Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
|
quote:
Originally posted by VXR
House prices wont go down they will settle and stay around the same area as they are now.
Negative equity just means you have to stay put, it isn't BAD for homeowners. You just stay put and ride it out.
I think we'll be ok, we've lasted since 2002 so far, we'll get through it.
Plus, i've seen absolutly no indication of the market crashing within the professional business areas. When the last recession came in 02, jobs were VERY scare, but theres still plenty out there.
The major banks are doing their best to prevent the recession.
No but professional business areas do not make up all of the market.
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
quote:
Originally posted by Jodi_the_g
quote:
Originally posted by willay
did anyone else notice the FTSE go BOOM soon as the americans joined us today?
yeah 400 pts in an hour or something as it was MLK day yesterday so loads of sale requests in
If you compare it against the cac and dax its pretty much a mirror at that time of day
|
Jamescorsa97
Member
Registered: 19th Aug 04
Location: Middlesbrough Drives: Cliosport 182
User status: Offline
|
quote:
Originally posted by Jodi_the_g
quote:
Originally posted by VXR
House prices wont go down they will settle and stay around the same area as they are now.
Negative equity just means you have to stay put, it isn't BAD for homeowners. You just stay put and ride it out.
I think we'll be ok, we've lasted since 2002 so far, we'll get through it.
Plus, i've seen absolutly no indication of the market crashing within the professional business areas. When the last recession came in 02, jobs were VERY scare, but theres still plenty out there.
The major banks are doing their best to prevent the recession.
No but professional business areas do not make up all of the market.
House prices have already plumeted in america.
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
quote:
Originally posted by VXR
House prices wont go down they will settle and stay around the same area as they are now.
Negative equity just means you have to stay put, it isn't BAD for homeowners. You just stay put and ride it out.
I think we'll be ok, we've lasted since 2002 so far, we'll get through it.
Plus, i've seen absolutly no indication of the market crashing within the professional business areas. When the last recession came in 02, jobs were VERY scare, but theres still plenty out there.
The major banks are doing their best to prevent the recession.
House prices generally will go down as few people will want to buy... as you say, for most its just a case of riding it out but thats not necy an option for everybody!
|
Dean_W
Member
Registered: 13th Dec 05
Location: Downham Market, Norfolk
User status: Offline
|
I'm not arsed. Won't be moving for a good while.
|
Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
|
Just when i wanna get my foot on the ladder 
|
Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
|
Traditionally professional jobs and outsourcing budgets drop dramtically. Everyone will be tightening belts, not good news for lots of people in that respect.
It's difficult to predict exactly what will happen but it's not good for anyone as the economy effects everyone is different ways.
|
Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
|
you don't say james can build a house in buffalo for $3000.
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
its okay for us, volatile market s = good for futures traders apparently
|
