Could today's Gas Price increases be the final tipping point for the housing market

mr.broderick

neverdespairgirl wrote: »

Has he tried Dead Sea mud?

Is that similar to dead cat bounce?

michaels

Sorry to go on topic but lets see how this will affect the housing market...when interest rates move by 0.25 % it costs about £30+ a month on a £150k mortgage - about the same as the current change in gas prices. I don't see people getting hysterical about the housing market each time interest rates move by 0.25% so why do people think a similar change in energy prices will be so important - after all those most impacted on low fixed incomes are not those who are about to enter the housing market I suspect?

EdInvestor

The real issue with old buildings is the lack of insulation in the walls due to their construction.

I agree it's a terrible problem to fit cavity wall insulation in walls that have no cavities.




[EMAIL="abuse@moneysavingexpert.com?subject=Reporting%20post%20http://forums.moneysavingexpert.com/showpost.html?p=12926729"][/EMAIL]

jammie*dodger

m00m00 wrote: »

does anyone actually know of a good resource for information about things like solar panels etc ?

I found the follwing helpful

http://www.off-grid.net/
http://forums.moneysavingexpert.com/forumdisplay.html?f=100 green money saving forum
http://www.planningportal.gov.uk/england/genpub/en/1115315772402.html planning for log burners
http://www.planningportal.gov.uk/england/genpub/en/1115316066906.html planning for flues
http://www.planningportal.gov.uk/england/genpub/en/1115315772472.html planning for solar panels
http://www.solarious.co.uk/ somone whos' been there and done it
http://www.growfruitandveg.co.uk/grapevine/ grow your own veg forum
http://www.selfsufficientish.com/

Cheers, JD

WTF?_2

michaels wrote: »

Sorry to go on topic but lets see how this will affect the housing market...when interest rates move by 0.25 % it costs about £30+ a month on a £150k mortgage - about the same as the current change in gas prices. I don't see people getting hysterical about the housing market each time interest rates move by 0.25% so why do people think a similar change in energy prices will be so important - after all those most impacted on low fixed incomes are not those who are about to enter the housing market I suspect?

Because increases in energy prices are an ongoing drag on your disposable income.

Then there are the people who are already on the edge between solvency and going under. For most of us, it's just a pain paying more for petrol. electricity and heating but for some the price increases mean making some very hard choices. Heat or eat? During winter, not being able to heat your house is going to lead to a very noticeable impact on your quality of life. For the elderly (on a fixed income) it could be fatal.

Also, energy price rises invariably feed into all sectors of the economy eventually - producing inflationary pressures.

Sharply rising energy prices are very bad news.

michaels

!!!!!!? wrote: »

Because increases in energy prices are an ongoing drag on your disposable income.

Then there are the people who are already on the edge between solvency and going under.

Which is precisely my point (although it may have been made better with the price of lemon thread) - why is the impact of having to shell out an extra 30 quid a month on utilities any different from having to shell out an extra 30 quid a month on the mortgage?

tomstickland

There's a very strong mood element to it. Rising energy prices erode the personal sense of well being, which in turn leads to people thinking of ways of cutting back on things.

moanymoany

The increase in fuel prices are being highlighted because they hit everyone. I think they will be an extra burden on house owners.

Anyone on SVR after borrowing a high multiple of their income, who has credit card debts and loans - as many have - are going to find any increases difficult.

As the stress builds up, something will have to give.

neverdespairgirl

!!!!!!? wrote: »

Luckily I've got the disposable income to pay for it but there will be a lot of people for whom it is a very big deal indeed.

Even people like you who can afford to pay it will still be feeling the cost, though, I agree.

neverdespairgirl

kennyboy66 wrote: »

Solar - still needs subsidy for capital cost to make it worthwhile. Try and get one.
Micro wind turbines. They are a joke.
Hydro - even if the river is on your land, you would need to pay National Rivers Authority a licence fee.

My parents are seriously thinking about wind turbines (the big ones). The costings look pretty attractive, I understand.