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Debate House Prices
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How much will house prices rise?
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I'd go for 'about the same' or down a little.0
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I think we'll be looking at 1800000
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shortchanged wrote: »Sibley you are getting very twitchy again. Do you forsee a problem with your grand plan?
So its not just me who has noticed sibley is 5hitting himself:)0 -
House prices dropping would send alarm signals and leave many people with negative equity, making it difficult for them to move from areas of high unemployment to areas where jobs are being created.
Providing borrowers are either paying down the mortgage or making adequate provision for repayment. Then negative equity shouldn't be a major issue. Even if the market continues to drift downwards.0 -
What do you think the average house price will be in 2015?
I'm going with 190K.
185K to 190K sounds about right for 2015.
Of course it'll shoot up very rapidly from there as double digit annual rises kick in for a decade as the worst housing shortage in UK history meets the biggest generation of FTB age people in UK history.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
190k in 3 years time? Whats going to fuel it? Maybe its the double dip which could happen? The reports coming out from the BOE and other groups that we are in for years of economic trouble?
Or maybe the fact unemployment keeps rising? No....? Maybe the Euro crisis? Errr then maybe the fact the banks are not returning to the days of silly lending? Perhaps the fact no FTB's are buying and without them there is no foundation for HPI?0 -
in 3 years time? Whats going to fuel it?
So 168K now, I reckon somewhere around 185K in 3 years.
That's 17K, or 5.6K per year.
Around 3% annually, so a fairly insignificant rise as you'd expect from the current economic climate.
As for fuel:
-Existing, and rapidly worsening, housing shortage
-House building at the lowest level for a century
-Population growth soaring
-Household formation numbers soaring
-Bank lending easing slightly
-Mortgage rates to remain ultra low for many years
-The ongoing rise of BTL investment, driven by soaring rents already at record highs
etc.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »So 168K now, I reckon somewhere around 185K in 3 years.
That's 17K, or 5.6K per year.
Around 3% annually, so a fairly insignificant rise as you'd expect from the current economic climate.
As for fuel:
-Existing, and rapidly worsening, housing shortage
-House building at the lowest level for a century
-Population growth soaring
-Household formation numbers soaring
-Bank lending easing slightly
-Mortgage rates to remain ultra low for many years
-The ongoing rise of BTL investment, driven by soaring rents already at record highs
etc.....
I'd say my reasons outweigh yours
And anyway your first 3 are more or less the same 0 -
HAMISH_MCTAVISH wrote: »So 168K now, I reckon somewhere around 185K in 3 years.
That's 17K, or 5.6K per year.
Around 3% annually, so a fairly insignificant rise as you'd expect from the current economic climate.
As for fuel:
-Existing, and rapidly worsening, housing shortage
-House building at the lowest level for a century
-Population growth soaring
-Household formation numbers soaring
-Bank lending easing slightly
-Mortgage rates to remain ultra low for many years
-The ongoing rise of BTL investment, driven by soaring rents already at record highs
etc.....
you're doing a lot of ramping today, H. what's brought this on? have a couple of promising viewings this morning or summat?FACT.0 -
What we're seeing day by day is the end game of the bears. If they've not bought by now they'll always be priced out either renting a bedsit or still grasping at mummies apron strings for free food and shelter. Pathetic life.0
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