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!
Average House will loose 26k in 2008 !!!
Comments
-
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?
It does to me but most will not like it.
As for dinner partys I agree, No. You buy a house so you don't have to go to any.:rotfl:0 -
Gangstabird wrote: »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.
For couples average salary X 2 = £52K'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 -
-
SteveJ, I know what you are saying, but even with both parents working a couple of interest rate hikes will make houses have to come down for the property market to ever get going again. I am not going to make or lose any money out of this situation. I have enough friends who are BTL's and they are very worried at the moment. These are real people, not just my own speculation. Some are paying parts of their mortgages as their fixed rates finished and the rent just doesn't cover it. Separate point I know, but people are very fickle. To an extent they will make the market continue to crash by talking it up and just simply not buying.
I just can't see houses going back to the peaks they were at, not again. The people who str 6 months ago were very shrewd in my opinion.0 -
RichOneday wrote: »Me too. They don't really happen, do they?
Yes.
At some level they are in extremely poor taste though. When I go to dinner parties where I think people are worth listening to I'm prepared to be tasteless.:o0 -
lostinrates wrote: »Yes.
At some level they are in extremely poor taste though. When I go to dinner parties where I think people are worth listening to I'm prepared to be tasteless.:o
When you get your owen house you can avoid them.
If you get invited to a dinner party that automaticly means the host has somthing to show off, or is wrapped up in there own self importance.0 -
justpurchased wrote: »When you get your owen house you can avoid them.
If you get invited to a dinner party that automaticly means the host has somthing to show off, or is wrapped up in there own self importance.
Oooooooooooooo that is harsh. Some people just like to cook.0 -
justpurchased wrote: »When you get your owen house you can avoid them.
If you get invited to a dinner party that automaticly means the host has somthing to show off, or is wrapped up in there own self importance.
LOL, before moving in with my parents DH and I had a dinner party at least once a fortnight and went to more (keeping up with the return nature of it all is the hard bit)....I'm not saying we are not self important:o , but that we will probably keep going to dinner parties.;)0 -
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?
Erm, not quite. It will give the impression that the 'rate of fall' is bottoming out, not that the market is bottoming out.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)0 -
Gangstabird wrote: »Oooooooooooooo that is harsh. Some people just like to cook.
,Only jokeing(but you know its true:rotfl: ).
Anyway I have not had food poisening for years now.:D0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards