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Debate House Prices
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Any guesses on where we will be in 2010
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Bloody hell, a rumble and no one invited me! I'm annoyed to say the least.
Right...
*DD rolls up his cyan coloured sleeves and removed his rather fetching black tie*
Who's side am I on then!Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
Dithering_Dad wrote: »Bloody hell, a rumble and no one invited me! I'm annoyed to say the least.
Right...
*DD rolls up his cyan coloured sleeves and removed his rather fetching black tie*
Who's side am I on then!
I'm with you DD! This thread's really entertaining - much better than the nice, helpful stuff over on DFW.
Just hope I never need to ask a question now...:rotfl:
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Back in 1988/89 house prices peaked, the fell until 95. In 96/97 prices started rising, but some house types and some areas rose quicker than others. Also in about 2000 some locations "leapfrogged". There is no certainty what happened 20 yrs ago will repeat itself, the current circumstances are different. But bear in mind in 1976 my 1st house cost 3 times my annual salary, and if I was on that same salary pro rata, the same house would have cost 7 times in 2007. We may have some way to go yet!If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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STR has high transaction costs plus the disbenefit of not living in your own house. Isn't it possible to take the same punt on house price by using house price futures more cheaply with less hassle? Could it be that viewed in the perspective of a futures transaction STR looks too risky?I think....0
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STR has high transaction costs plus the disbenefit of not living in your own house. Isn't it possible to take the same punt on house price by using house price futures more cheaply with less hassle? Could it be that viewed in the perspective of a futures transaction STR looks too risky?
No, because if you had a house worth £200k last summer, you could sell it for £200k. The futures market currently predicts it will be worth £135k in Winter 2010, so there's no profit on a short position until prices fall over 30%.Hurrah, now I have more thankings than postings, cheers everyone!0 -
Some of their sigs are like something out of a Fischer Price play set :rolleyes: . Who gives a toss that you've saved a jar full of 2p's :rolleyes: and have paid off £231,295.23 off your debt in the past month? :rolleyes:
Not sure which would be more appropriate - Huggy board or Back-Patter's board?
:rolleyes:
Rob
How deeply unpleasant you are, whats the point of it when people are asking for advice???????.0 -
STR has high transaction costs plus the disbenefit of not living in your own house. Isn't it possible to take the same punt on house price by using house price futures more cheaply with less hassle? Could it be that viewed in the perspective of a futures transaction STR looks too risky?
If you are planning on moving up the property ladder, as most people are, then you'd incur transaction costs whenever you next move anyway, so you are just paying them up front at a time when you can pocket a lot more cash from the sale of your house.
If it pays off, STR can help you get a better house without increasing your mortgage or even with a reduced mortgage. It's not for everyone but if you are single and young(ish) then it can make a lot of sense. It's speculation, but then so was most BTL once rising prices made the yield nonsensical around 2004/2005.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
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moneymabel wrote: »Good, might stop you posting inane comments for five minutes.
second that...;)0
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