We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Good News For Homeowners
Comments
-
On the other hand your glasses seems to be rose tinted..........:rolleyes:0
-
-
Just another forum for you all to vent your anger.....
Don't need you here ..Go back0 -
-
pickledpink wrote: »http://news.bbc.co.uk/1/hi/business/7445864.stm
Looks like things aren't quite as gloomy as people thought..................:money:
I see the same old doommongers (you know the ones: "house prices are going to be 10x higher in 2012" types) are still banging the same old drum.
The last time I made a prediction I suggested house prices might fall 5% this year.
How wrong I was. Far too "optimistic". Won't be making that same mistake again. Pickledpink, I suggest you avoid the chunter of all "experts" in the property game.
Some say property will rebound in 2010, others that they won't recover for another 10 years. So that tells you no one knows anything.
Least of all Ray "let me flog you a mortgage" Boulger.
If the crash has taught you one tiny thing, surely, it's taught you that.
If not, there's no hope for you, my friend.0 -
For once you're right - "things not as gloomy" - things are much worse. Got any more old links for us to laugh at?
Not worse for everyone, maybe worse for:
1) New ( 2004-2008) Buy-to Letters with multiple houses.
2) People who need to move in a hurry.
3) My house is my pension.
Maybe better for:
1) First time buyers (not yet, but when they have saved deposits)
2) People who wish to trade up, 50-70% drops mean 50-70% reduction in differential to next house (these people don't need to be panicked into selling by the muppets).
3) People who would like to move but in no rush, again better to wait to wait for liquidity in the market as the house being moved to is likely to have dropped by the same amount as current house.
People who are in a hurry to move can always (and are) rent out the current house and rent a new house. I also think that the Government should alow tax relief on rent from main residence to make this a sensible option.
In addition, reduced house prices mean reduced stamp duty, and also the reduction in interest rates that are on the way, so maybe not worse for everyone'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Not worse for everyone, maybe worse for:
1) New ( 2004-2008) Buy-to Letters with multiple houses.
2) People who need to move in a hurry.
3) My house is my pension.
Maybe better for:
1) First time buyers (not yet, but when they have saved deposits)
2) People who wish to trade up, 50-70% drops mean 50-70% reduction in differential to next house (these people don't need to be panicked into selling by the muppets).
3) People who would like to move but in no rush, again better to wait to wait for liquidity in the market as the house being moved to is likely to have dropped by the same amount as current house.
People who are in a hurry to move can always (and are) rent out the current house and rent a new house. I also think that the Government should alow tax relief on rent from main residence to make this a sensible option.
In addition, reduced house prices mean reduced stamp duty, and also the reduction in interest rates that are on the way, so maybe not worse for everyone
Have you been on a bender?????:eek:
Instead of wishing for 70% drops:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: .....................why not make them 110% drops?!
Best laugh I've had for ages!!!!!!!!!!!!!:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
You're...........erm...............a little optimistic?!:o0 -
pickledpink wrote: »Have you been on a bender?????:eek:
Instead of wishing for 70% drops:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: .....................why not make them 110% drops?!
Best laugh I've had for ages!!!!!!!!!!!!!:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
You're...........erm...............a little optimistic?!:o
Where does it say I am wishing for 70% drops? The whole point of my post was that people do not need to be panicked in to selling into an illiquid market.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Where does it say I am wishing for 70% drops? The whole point of my post was that people do not need to be panicked in to selling into an illiquid market.
This is what you wrote 3 posts back:......................
2) People who wish to trade up, 50-70% drops mean 50-70% reduction in differential to next house (these people don't need to be panicked into selling by the muppets).
Who's the muppet,Stevie?:D0 -
pickledpink wrote: »This is what you wrote 3 posts back:......................
2) People who wish to trade up, 50-70% drops mean 50-70% reduction in differential to next house (these people don't need to be panicked into selling by the muppets).
Who's the muppet,Stevie?:D
The muppets are the people who sold their houses many moons ago (hoping to make a quick buck) and have spent the past few years trying to talk the market down.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards