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Debate House Prices
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Boom, Boom, Boom, Bust, Bust, Bust
Comments
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Prices cannot fall 50% because they only crashed 12% and look at the domino effect they started. I would imagine 50% would change the world as we know it.
Yes - and look at how the world's leaders and financial leaders are completely in control of the situation...ummm...
Maybe, whether they or you or I like it or not, it will happen - because there is no-one/nothing (yet, anyway) who's come up with a plan to stop it.
If you've got a cunning plan, on the other hand, please let us all know what it is.0 -
I've got a plan! Let's send inflation back to 1990 levels, and put interest rates down to 1%. Then everyone will be able to pay their mortgages and they'll be no more silly house price crash.
Job done I reckon.0 -
Lowering interest rates usually raises inflation but maybe it would not right now0
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The main reason I could think is that 50% from now would not be possible is that it would be back to 1983 prices so most would be in NE who had purchased in the last 25 years and had not paid off thier mortgage.
Even from peak it would be 1988 prices so anyone who had purchased in the last 20 years.
That would be bye, bye every bank & business and job in the UK.
(based on adjusted nationwide figures)
Not read entire thread but my house was worth 8 years ago, approximately 50% less than when the peak reached and that was assuming that it was in a fit state when we bought it.
Don't want to go into detail but just saying we bought for 80k when the house next door was on the market for 130k in reasonable condition. Sold. At the peak next door sold for 265k but as I have said before 'we are not selling, its a home'.0 -
Iceland is bust, wahat will they do next ?
They can't all be fishermen siurely.0 -
Tarring, Worthing (bn14) £160,000 (DOWN 49%) 2 bedroom houseIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
That's bad.Tarring, Worthing (bn14) £160,000 (DOWN 49%) 2 bedroom house
People need to check house prices daily as they could lose everything.0
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