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
When will people buy.
Comments
-
We plan to buy when we have a 75% deposit. We originally worked out our figures in summer 2007. We want to save a deposit of 75% and we assumed a drop of 10%, that would have meant we would be looking to buy in April 2010. Obviously things have changed since last summer - house prices look like they are going to have a larger drop than our assumed 10%
( is it 10.5% at the moment? 
) We may bring our 'looking date' forward as prices drop, as we will probably still be going by our 75% of price plan. 0 -
oldMcDonald wrote: »Sorry if I have missed something here, but why will he have to move out once the kids have left?
As far as I know you don't, I knew this girl in my youth, she was 18, had one child got given a 3 bed council house on a corner plot with a garage, when she was 21 she gave the child up to her mum and dad because she "couldn't cope", last year she was 38, still living in the same house with her boyfriend, no children and wait for it........... bought the house for 20k because she had lived their 20 years. The last bit I know to be true because its on the Land Reg website........ what do you think of that ??0 -
Will be watching the markets closely, and, like clk299 will only buy if the figures are right, and I can find a home I like!
Probably a 2 or 3 bed, huuuge garden, around the 150k mark... and my guess is the markets should be hitting bottom around the end of 2009, and staying stagnant for a few months to a year or so before picking up.
Fingers crossed I can keep my job in the meantime!If you do what you've always done, you'll get what you've always got.
0 -
Biggest housing bubble in history, a very large number of people about to get badly burnt by housing, the myth of "housing only ever goes up" gone for a generation. When they stop falling they aren't going to pause for a short while and bounce. They're going to stay flat / normal for many years while the collective madness finds new angles - shares in Hadron Colliders, organic hamsters, maybe even the good old ostrich scam will make a come back.markets should be hitting bottom around the end of 2009, and staying stagnant for a few months to a year or so before picking up.0 -
The Ostrich scam..I was thinking about that the other day...I never really understood what it was all about.Biggest housing bubble in history, a very large number of people about to get badly burnt by housing, the myth of "housing only ever goes up" gone for a generation. When they stop falling they aren't going to pause for a short while and bounce. They're going to stay flat / normal for many years while the collective madness finds new angles - shares in Hadron Colliders, organic hamsters, maybe even the good old ostrich scam will make a come back.
When house prices are settled and stay don't go up or down, it's so much easier. Make a judgement to buy on the ticket price, no gazumping or gazundering....just like making decision on buying anything really.
I never appreciated how lucky we were when we last bought.....because it was just 'Normal'.0 -
Hoping somebody can advise me, thought I would post here rather than start a new thread. I have applied to buy my council house & have just been accepted. I know the discount for five years is 35% and twenty years is 50%. The problem is I have only been in my home for four and a half years does anyone know if this means I wont recieve a discount or if I will get a reduced discount?. Any help would be greatly appreciated.
Thanks.0 -
[quote=justpurchased;14042849
Are people waiting until they have a large enough deposit?
No, we have a large enough deposit now.
Set a date when they think the bottom will be reached?
We don't have a specific date in mind
Going to buy when prices start to rise?
Or just waiting for the right property at the right price (anytime)?
Yes, essentially. But I think it will take quite a bit longer before the price is right.
Never will, happy with renting?
No, we intend to buy in the medium-term.
I am just interested how people have set there selves up for entering/re-entering the market.[/quote]
With us, it's a mixture - we are both entering and re-entering. OH & his brother inherited some property at the end of 2004, when both their parents died. Between them, they inherited a family house in Oxfordshire, half a rent-controlled house in north London, a small flat in Shad Thames, a flat in Jerusalem, and half a shop in Tel Aviv.
We sold all the property in the UK. The flat in Jerusalem is lived in by their great-aunt, and the shop is rented out on a long lease.
We've never bought any property, and none of those inherited were suitable for us. We thought they weren't worth keeping as investments (the family home in Oxfordshire needed to be sold for emotional reasons)....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
zippygeorgeandben wrote: »Does anyone else ever feel like this? I sometimes wonder if it's a failing in me as a person that I'll just settle for living in a not nice area for the sake of not wanting all this supposed hassle.
It's not a failing, it's up to you.
The hassles of renting can be overdone, though - we've lived in the same flat for 11 years, and are on a 3 year AST at the moment....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
2; http://www.rightmove.co.uk/viewdetails-10270776.rsp?pa_n=1&tr_t=buy
£469,995 (I think it started at £499k..I don't have property bee to check.)
18 September 2008- Price changed: from '£469,995' to '£449,995'
- Price changed: from '£499,995' to '£469,995'
- Initial entry found.
...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
justpurchased wrote: »He is rubbish at carrying boxes and packing. (he's only 1):D
You need to get your slave labour into good habits!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards