Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

blisk3

Market in churn mode.

First-time buyers 'rarely seen' say estate agents

First-time buyers are "rarely seen", estate agents say, with their share of the UK housing market having fallen to a three-year low.

Sales to those buying their first home fell from a 22% share of the market in September to a 16% share in October, figures suggest.

blisk3

The party's over

sabretoothtigger

Darthvader

blisk wrote: »

Get out while you can.

..........

So this thread is from March 2008, any updates on real term values to see updated charts?

michaels

Well I would do a linear extrapolation and noting that these are rate of change charts would suggest that houses are now falling at a rate of more than 100% pa.

So basically if you haven't sold your your house is now worth such a huge negative amount that you will never have enough money to pay anyone to take it off your hands.

Darthvader wrote: »

So this thread is from March 2008, any updates on real term values to see updated charts?

blisk3

Batten down the hatches, the storm is coming ! :eek:

UK house prices falling

blisk3

House prices 'fell 1.3% in 2011'

Don't panic !!!!!!!!!!!!!!!!!!!!!!!!!!! :eek:

Lewis1967

Mrs_Bones wrote: »

If people are going to do that, particularly the gold under the bed bit. I'd also suggest they get a gun and know how to use it.

Not really, thats the good thing about the UK, not many guns. Baseball bat on the other hand........

But why not get a hidden safe for your bullion. Does anyone really keep their silver bars under the bed?

RenovationMan

blisk3 wrote: »

House prices 'fell 1.3% in 2011'

Don't panic !!!!!!!!!!!!!!!!!!!!!!!!!!! :eek:

Why would anyone panic? A 'perfect storm' of financial disasters continuing over a 4 year period and house prices only fall 1.3%? That has to be one of the most robust investments people could have made.

With a standard 25 year repayment mortgage, a home owner would have paid off 1/25th of his mortgage over that same period. That equates to 4% repayment. So although a home owners house has fallen in value by 1.3%, this equity would have risen by 4% making an overall 2.7% gain in his net equity wealth.

2.7% is an OK rate of return in these difficult times.

John_Pierpoint

blisk3 wrote: »

House prices 'fell 1.3% in 2011'

Don't panic !!!!!!!!!!!!!!!!!!!!!!!!!!! :eek:

But as the rich get richer and the poor get poorer the effect is not uniform.

http://www.zoopla.co.uk/heatmaps/

It is a bit chilly in Sunderland.

mind you the higher they come the further they can fall.