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Debate House Prices


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It's different this time because...

1235»

Comments

  • It's different this time because...

    ... tenants will suffer too (due to overstretched BTL LLs being repossessed)

    GG

    And because the new law coming in, will mean that some LLs may find their tenants can force them to sell their own house to pay for the court award of inconveniece(?) costs, even if they amount to just 1k.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Why was it not different this time when the market was going up, but it is different this time now the market is falling?
    '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
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    It was different this time when the market was going up, Mr Brown said so.

    Now he says he didn't say that. Oh no sorry, what he says, is that its not his fault, its the Conservatives.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • It is not different this time because...

    ... it was different last time.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • It's different this time because ...
    ... prices will not go up over the long term

    GG

    In March, I was offered (and accepted) an offer of more than 10 x my salary for my home. I don't think it will ever be worth 10 x my salary again. The sale fell through because of problems further down the chain and I took the house off the market.
    There are 10 types of people in this world. Those who understand binary and those that don't.
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