2006-10-03 06:49:47 · 11 answers · asked by goodbye and good luck :-) 1 in News & Events ➔ Other - News & Events
Wait a year or two. All these people in their million dollar homes that are financed to the eyebrows will be in foreclosure. You should be able to buy a house, SUV, or any other luxury item for the cost of the bank pay-off.
2006-10-03 06:52:22 · answer #1 · answered by Emm 6 · 0⤊ 0⤋
I think it is quite likely the prices seem to be dropping a bit in the South of the UK in some areas. There could be a slump in the next year it is very hard for people to get onto the property ladder I'm still really cross with myself over not purchasing a house fifteen years ago for £42,000 and it has just been sold again for £399,000
2006-10-03 07:18:22 · answer #2 · answered by AndyPandy 4 · 0⤊ 0⤋
Like most monetary things... this will cycle. It'll dip and rise for the next few years. I have noticed that they sometimes rise more than they fall. But that is because of inflation. Either way... its cyclical. The housieng market works in series of about 3 years. (which happens to be the half time the average person stays in a home)
2006-10-03 06:53:57 · answer #3 · answered by Fres-YES!!! 3 · 0⤊ 0⤋
According to the latest on television news shows,yes there is suppose to be a drop in housing sales soon. Already there is suppose to be a drop in the building of homes,guess that says something about what "might" be coming soon.
2006-10-03 06:52:28 · answer #4 · answered by grbarnaba 4 · 0⤊ 0⤋
Six years ago my friend sold his house in West London because he'd heard that prices would crash.
He sold it for £245,000---the person he sold it to has just sold the house for £610,000.
2006-10-03 08:37:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes just wait another 6 months or so!!!
2006-10-03 06:51:01 · answer #6 · answered by interested_party 4 · 0⤊ 0⤋
Already started in many markets like socal and D.C. area.
2006-10-03 06:51:14 · answer #7 · answered by Have gun, will travel. 4 · 0⤊ 0⤋
Yup--right after the holidays.
2006-10-03 06:50:57 · answer #8 · answered by bradnmich2003 4 · 0⤊ 0⤋
HOPE NOT !!! .... I was one of the unfortunates
wiped out in 1989/92 on a fine line now !!!!!!
2006-10-03 12:16:57 · answer #9 · answered by landgirl60 4 · 0⤊ 0⤋
i really hope so
2006-10-03 06:52:16 · answer #10 · answered by Anonymous · 0⤊ 0⤋