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House prices at least 20% too high

Gorgeous_George
Gorgeous_George Posts: 7,964 Forumite
Part of the Furniture Combo Breaker
in House buying, renting & selling
From the BBC (clicky)

There's a surprise.

:)

GG
There are 10 types of people in this world. Those who understand binary and those that don't.
«13456789

Comments

  • phlash
    phlash Posts: 883 Forumite
    500 Posts
    It is a shock from the BBC! They always normally manage to put a bullish twist on everything.
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
    That also means I cannot share in any profits from any decisions made!;)
  • cells
    cells Posts: 5,246 Forumite
    I would say closer to 35% overvalued
  • Leigh_Bush
    Leigh_Bush Posts: 2 Newbie
    The outlook for house prices
  • EliteHeat
    EliteHeat Posts: 1,382 Forumite
    If house prices can triple over a ten year period, then they can certainly halve over the next five years. Hopefully ;)
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    After 'Dispatches' about newbuilds (C4 tonight) I expect some developers to be doing BOGOF deals!
  • phlash
    phlash Posts: 883 Forumite
    500 Posts
    I left a comment on BRUNO's YouTube account, feel free to add your own:

    http://www.youtube.com/user/brunopowroznik
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
    That also means I cannot share in any profits from any decisions made!;)
  • hearts
    hearts Posts: 1,191 Forumite
    EliteHeat wrote: »
    If house prices can triple over a ten year period, then they can certainly halve over the next five years. Hopefully ;)


    Not a chance in hell of this happening ;-) Come back in 5 years and I'll put money on prices will be higher than they are now.
  • EliteHeat
    EliteHeat Posts: 1,382 Forumite
    hearts wrote: »
    Not a chance in hell of this happening ;-) Come back in 5 years and I'll put money on prices will be higher than they are now.

    Yep, it's different this time. Property can only go up you know. Get on the ladder whilst you can. It's never been more affordable. :j
  • free4440273
    free4440273 Posts: 38,438 Forumite
    hearts wrote: »
    Not a chance in hell of this happening ;-) Come back in 5 years and I'll put money on prices will be higher than they are now.

    I'd probably have to agree with that. logically and arithmetically one would like to think they could indeed fall (given their exponential increase), but fundamentals do indeed point to increases in, say, five years. i don't necessarily mean year-on-year increases (and that's the key point) but i mean an absolute increase in five years. one reason: shortage of land in this country. second reason: shortage of safe land to even build upon (the recent flooding crises which can only get worse in years to come). this is not an argument for (or against) house price increases on my part, just what i think will happen. :)
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • hearts
    hearts Posts: 1,191 Forumite
    EliteHeat wrote: »
    Yep, it's different this time. Property can only go up you know. Get on the ladder whilst you can. It's never been more affordable. :j

    These posts become boring. I know through experience that house prices can go down. I'm willing to put my money where my mouth is and I have. You HPC people continually spout the same crap and it never happens. Come back when your so called crash occurs but until then lets base our calculations on facts ;-)
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