House Price Crash, can it happen?

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D S Patterson - Thu, 21 Dec 06 :

It's not a case of luck or even a case what I think I'm reporting what I see, for how many more years does a person hope and wait for a reduction in house prices?

The bear argument has been done to death, I don't believe "it will be different this time" and I don't make any claims about prices rising what I do say is that there's demand and despite what anyone on here says there is a lack of supply. Perhaps they could show me the rows and rows of two bedroom houses for sale in salisbury for sale under 180k? There just isn't enough property availible for the people who want to buy. Higher end of the market down here seems to take care of itself (I don't know how) but many bungalows I see selling for twice what I think they should be have sold well and continue to do so.

My point is in the lower end of the market if a house is 180k now if the price drops 10 - 15k it will then be in the financial reach of a whole load more people looking to buy, buyers are paying the extra money and sustaining the prices - why? because there isn't enough houses.


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