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House prices will plummet 10 percent

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Holiday Haggler
    Not bothered, my house has gone up 20% since I bought it a year ago
  • scope
    scope Posts: 764 Forumite
    Part of the Furniture Combo Breaker
    I was gonna say, 10% is nothing in todays market, hardly a crash. My old house went up 15-20% every year for the 6 years I kept it.

    But then again, nobody knows what the future will bring.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    ringo_24601 wrote: »
    Not bothered, my house has gone up 20% since I bought it a year ago

    and you really think any decline in house prices will be limited to only one year ?


    the last slump took nearly 10 to right itself

    oh wait

    'it's different this time'
    It's a health benefit ...
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Holiday Haggler
    I can afford my mortgage. I have a roof over my house and a job

    Until those circumstances change, i will still not be bovvered so what's the hooha about the prices?
  • granville_2
    granville_2 Posts: 119 Forumite
    ringo_24601 wrote: »
    Not bothered, my house has gone up 20% since I bought it a year ago

    so... does it magically print money you can go and spend right now?

    honestly...

    'house prices are a matter of opinion.... debt is real'.
  • ariba10
    ariba10 Posts: 5,432 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Houses are like shares. You only lose money on them if you sell.
    I used to be indecisive but now I am not sure.
  • ariba10
    ariba10 Posts: 5,432 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Houses are like shares. You only lose money when you sell.
    I used to be indecisive but now I am not sure.
  • geoffky
    geoffky Posts: 6,835 Forumite
    i bet you all wish it was only going to be 10% the gravy train is about to hit the buffers
    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.
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    ringo_24601 wrote: »
    Not bothered, my house has gone up 20% since I bought it a year ago

    IN YOUR OPINION it has gone up by 20%. I'm sure if you needed to sell it in a hurry you'll find it's gone down by 10% already.
    ariba10 wrote: »
    Houses are like shares. You only lose money when you sell.

    Unless of course you borrowed money to buy them.
    m00m00 wrote: »
    and you really think any decline in house prices will be limited to only one year ?
    the last slump took nearly 10 to right itself
    oh wait
    'it's different this time'

    You're right it is different this time.
    For example, prices vs wages are double what they were last time.
    And interests rates were dropping last time, making payments more affordable.
    And we actually had some manufacturing going on.
    And we exported something other than jobs.
    And we were self sufficient in energy.
    And we didn't have a £1trillion civil service pension debt.
    geoffky wrote: »
    i bet you all wish it was only going to be 10% the gravy train is about to hit the buffers

    SPLOOOOOSH!!!!!!!! :D

    I forgot to add.... you've all talked about house prices being dropped... we're all going to get our MSE accounts cancelled. This thread will be deleted, then they will be forced to come around to the houses of everyone thats seen it and wipe their minds. You must remember the 2 biggest rules of MSE.
    1) Don't talk about house prices crashing.
    2) DON'T TALK ABOUT HOUSE PRICES DROPPING.

    House prices only go up. Anyone who says otherwise is either an escapee from an insane asylum or a nazi-communist-baby-eater.

    Nothing to see here, more along now.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    ringo_24601 wrote: »
    I can afford my mortgage. I have a roof over my house and a job

    Until those circumstances change, i will still not be bovvered so what's the hooha about the prices?
    Exactly, all this crystal ball gazing is irrelevant to most people getting on with their jobs and lives.
    Been away for a while.
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