At what point will the Houseprice reversal stop?

Lotus-eater

2002

jamescredmond wrote: »

a quality post from an insider.

at last.

Two quality posts no less

dannyboycey

2000 or earlier!

bankinsider wrote: »

Anyone with money to invest - stick it in Butlins.

I wouldn't! A cheap last minute deal to the costa's is still much more economical.

carolt

2000 or earlier!

mitchaa wrote: »

That figure is surely rubbish seeing as the average single wage is £25k?

The figure above suggests a 1x average paid worker (£25k) + a 1x PT low earning worker (£7.7k)

To me average means... 2 x working people on the singular average income of £25k, otherwise you have Mr average and Mrs Less average and adding the 2 of them together doesn't = Mr and Mrs average:rotfl:

IMO anyway;)

Did NOT mean to thank you!

Can you not work out that most couples buying an average 3 bed family house have kids, if not immediately, then soon? And that very few women with kids work full time (esp with young kids) and that the salaries of those who work part-time are far, far lower than the pro-rata of full-time salaries? They shouldn't be, but they are. It's very hard for most women with kids to find a job that will fit in with school hours/holidays; the alternative is to pay for childcare, to fit in with working hours and commutes, which is not cheap! (Certainly takes a large bite out of your supposed 50K).

No - the reason the second salary is, as you correctly calculate, only around 7K is because (unless it's a gay couple) if one of the two is a women, they're usually a stay-at-home mum, or a part-time worker.

Hence the 32K figure.

That's why I expect average UK prices to fall back to around 3/3.5 times that figure, ie around 100K. Or in my (richer, down south) area, around 2000 prices ie 175-200K.

m00m00

dannyboycey wrote: »

I wouldn't! A cheap last minute deal to the costa's is still much more economical.

not for much longer with the way fuel prices are going,

and it's almost inevitable that at some point aviation fuel will lose it's special tax status for 'environmental' reasons.

olly300

m00m00 wrote: »

not for much longer with the way fuel prices are going,

and it's almost inevitable that at some point aviation fuel will lose it's special tax status for 'environmental' reasons.

Not forgetting the strength of the Euro against the Pound.

baby_boomer

2003

girleight@ wrote: »

Maybe in future people could get together in larger groups I'm sure a "triple" would find it easier to buy a house :rotfl: :rotfl:

But then there's even more chance of a break-up and extra fees when the mortgage has to be rearranged .

The last time we bought houses in artificial family groupings was the mad rush in 1989 to get double mortgage tax relief by unmarried couples - who often split up and sold in the 1990s downturn.

jamescredmond

2003

baby_boomer wrote: »

But then there's even more chance of a break-up and extra fees when the mortgage has to be rearranged .

The last time we bought houses in artificial family groupings was the mad rush in 1989 to get double mortgage tax relief by unmarried couples - who often split up and sold in the 1990s downturn.

a good point; and one I'd forgotten.

baby_boomer

2003

Yea.

It's best to arrange your mortgage to fit your life, rather than your life to fit your mortgage.

mystic_trev

2001

Snooze wrote: »

:huh: :huh:

What a confusing poll. Took me a full 5 mins to figure !!!!!! the thread starter was on about. I was convinced it was a thread originally started in 1999 or something from looking at the poll options. :rolleyes:

Silly thread.

Rob

The reason Rob, is because different parts of the Country(ies) are at a different stage in the HPI/D Cycle. For instance Scotland's still positive YOY, where as Northern Ireland is dropping like a stone! I was Interested to see at what point of time people thought HPD would go back to.

Hope that explains?

girleight@

It was meant as a joke but I supposed some people do buy with friends etc.