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Debate House Prices


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Average House will loose 26k in 2008 !!!

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Comments

  • justpurchased
    justpurchased Posts: 581 Forumite
    luvpump wrote: »
    Now your just being foolish :o , . think b4 u open ur gob next time :naughty:

    What a charmer!
    Sorry if i was putting a report together I would put a "best case" to a "worst case" so from £x to £x anything else is just foolish especialy on 8 months figures. Try writting a financial report to your directors one day, well if you get that high up in your company. We can all be nasty.

    PS The Banner is "the average house WILL LOSE", if you want to be picky.
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    10,000 Posts Combo Breaker
    LOSE!

    I feel better now.
    Happy chappy
  • justpurchased
    justpurchased Posts: 581 Forumite
    tomstickland wrote: »
    LOSE!

    I feel better now.

    Well it is a loose figure;)
  • RichOneday_2
    RichOneday_2 Posts: 4,403 Forumite
    Don't you just love this forum?

    Instead of being the House Price forum it should be renamed the How To Have An Argument When Theres Nowt To Argue About forum.
    Gt NW 1/2 Marathon 21/2/2010 (Target=1:22:59) (6:20/mile) 1:22:47 (6:19):j:j
    Blackpool Marathon 11/4/2010 (Target=2:59:59) (6:52/mile)
    Abingdon Marathon 17/10/2010, (Target=2:48:57) (6:27/mile)
    09/10 Race Results : http://www.thepowerof10.info/athletes/profile.aspx?athleteid=103461
    Racing Plans/Results - Post 3844 (page193)
  • justpurchased
    justpurchased Posts: 581 Forumite
    RichOneday wrote: »
    Don't you just love this forum?

    Instead of being the House Price forum it should be renamed the How To Have An Argument When Theres Nowt To Argue About forum.

    I do, in my current life I have few opportunities to be called foolish and to think before i open my gob.

    Its like being back at school. So i diasgree, you smell of pooo!:cheesy:, don't anwer back as you know my dad is bigger than your dad.:cheesy:
  • PayDay
    PayDay Posts: 346 Forumite
    StevieJ wrote: »
    Did you do all this analysis when they were going up?

    Plenty of people were. Haven't you been to any dinner parties?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    August 2007 was the peak month for house prices, my guess is annual price falls will start to reduce in intensity as annual figures will be based on falling prices rather than rising prices, giving an impression that the market is bottoming out. Does that sound logical?
    '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 Thatcher
  • Gangstabird
    Gangstabird Posts: 1,920 Forumite
    I reckon my house which was around 250k during the peak, will end up being worth about 150k by the end of next year, should I want to sell it, but hopefully I will not be. It's a 3 bed family home and if you think about multiples of salary, you would have to be on 50k to afford it on a 95% mortgage. Most people do not earn 50k. So, I would expect someone with a flat perhaps to buy this who may have a bit of equity but as the average salary is about 26k, then even with a big deposit, they would still have to have a 78k mortgage.

    Possibly sounds a bit skewed but it's how I see it.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    PayDay wrote: »
    Plenty of people were. Haven't you been to any dinner parties?

    Simple answer no, does that really happen I thought it was an Urban Myth.
    '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 Thatcher
  • RichOneday_2
    RichOneday_2 Posts: 4,403 Forumite
    StevieJ wrote: »
    Simple answer no, does that really happen I thought it was an Urban Myth.

    Me too. They don't really happen, do they?
    Gt NW 1/2 Marathon 21/2/2010 (Target=1:22:59) (6:20/mile) 1:22:47 (6:19):j:j
    Blackpool Marathon 11/4/2010 (Target=2:59:59) (6:52/mile)
    Abingdon Marathon 17/10/2010, (Target=2:48:57) (6:27/mile)
    09/10 Race Results : http://www.thepowerof10.info/athletes/profile.aspx?athleteid=103461
    Racing Plans/Results - Post 3844 (page193)
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