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House Prices Set To Soar Next Year - Daily Mail Today!
Comments
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lol personally I don't think prices will rise much again until 2010, but then I don't have a crystal ball either.
I take everything the DM prints with a pinch of salt, as they can't even emply journalists with a grasp of spelling and grammar!
Last year they were telling everyone of 40% drops by now (which didn't happen), and now they're talking about huge rises.
Along with the tightening of lending, I'd say the whole media hype has played an equal part in the recent housing market stand still!!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
The story is rubbish. It takes no account of banks fiance. The simple fact is the banks profits have collapsed in the last 6 months and likely to be huge loses in the following 6 months.
Where is the money going to come from for these rises, there is no money from the banks for todays prices let alone another 30%. Prices were at the very extreme of affordability before and people can't afford to pay more with bills, shopping and fuel rising rapidly.
This story is a joke it has no economic sense behind it.
Why is the historical housing cycle going to change this time when all we see are storm clouds on the horizon. We are going to have years of falls followed by years of stagnation then small rises maybe in about 2015.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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To be honest not a lot of people have lowered their prices by me, but a few developments round the area have stopped.
I personally dont think its the house prices that have slowed the market down, i think its the way the banks are not lending without big deposits, this just secures the bank from loosing money as obviously over the last few years thay have learnt the hard way.
By me theres no first time buyers and all the young around the area are renting, until they can get a mortgage without a large deposit, when or if that time comes back we will have to see.
As i said earlier the populations getting bigger about 350,000 people a year so it doesnt take a rocket scientist to work out that if no houses are built in the next 3 years there is going to be a shortage, and this should drive the prices up.
confusedI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
lol personally I don't think prices will rise much again until 2010, but then I don't have a crystal ball either.
I take everything the DM prints with a pinch of salt, as they can't even emply journalists with a grasp of spelling and grammar!
Last year they were telling everyone of 40% drops by now (which didn't happen), and now they're talking about huge rises.
Along with the tightening of lending, I'd say the whole media hype has played an equal part in the recent housing market stand still!!
Pinkshoes,
You really shouldn't laugh at other people's grammar .................
Standstill is all one word!! LOL:rotfl:
Anyway, back to the report that house prices are set to soar next year, and that buyers need to get their finger out otherwise they'll miss the boat...............it's being reported in all the newspapers: The Times included.
Happy days are on there way!:T :j :T :j :rotfl: :T :j0 -
pickledpink wrote: »
Happy days are on there way!:T :j :T :j :rotfl: :T :j
Didn't you buy a new build flat last year?0 -
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I really wish that there was a "retrieve erroneous thanks" button In no way do I agree with pickledpink..... - I meant to hit quote!!
I normally try to ignore the spellings/grammar issues that come up on here but pickledpink in turn shouldn't really be laughing at pinkshoes because:pickledpink wrote: »Pinkshoes,
You really shouldn't laugh at other people's grammar .................
Standstill is all one word!! LOL:rotfl:
My highlighting - think that should be "their"...............;)pickledpink wrote: »Happy days are on there way!:T :j :T :j :rotfl: :T :j0 -
was just told by a colleague the other day, that everything will be ok again in 2 years time ... must have a crystal ball
or maybe it's because had NO interest whatsoever in the house for sale, so going to let it, and did not change the price because "nobody is buying whatever the price anyway" ....
oh and the same agent is going to have the full management of the property to let .... :rolleyes:0 -
If it's in the papers then it it must be right?! :rolleyes:
Personally I don't think so, but then who can honestly say?0 -
The problem is who is going to force the banks to borrow fools the money? they will borrow anyone at the moment sensible ratios its just they are no more borrowing people six to seven times earnings....and people who should never been allowed to buy a house because of their earnings will still not be able to buy which is a good thing.The money is out there right now its just that the prices are too high and until they come down more the mortgages will not be issued on a great scale..If anyone thinks this will be over by next year they have been poorly educated and do not understand financial cycles or history....plenty more years of sensible borrowing to come and the poor will be locked out as the lie to buy mortgage was their salvation.. but no more...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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