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!
Why house prices are headed down still
Comments
-
At 23 I was a mother to a just born son (eldest) and had been working for 7 years full time and was just about to embark on further education at night school.
I had also owned my own home for 3 years by then too.We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
neverdespairgirl wrote: »Pointing out that not buying in the 1990s doesn't make you a fool.
i'm pretty sure that it has never been said on this thread that not buying in the 1990s qualified anyone as a fool.0 -
neverdespairgirl wrote: »Pointing out that not buying in the 1990s doesn't make you a fool.
Yep - people don't generally rush out to buy a house with money making potential in mind - or didn't used to anyway. There comes a time when you are in the right financial and personal position to buy.
That said, if I knew then what I know now - that there was about to be a huge speculative bubble lasting almost a decade - I'd borrow every penny I could and leverage myself to the hilt
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Yep - people don't generally rush out to buy a house with money making potential in mind - or didn't used to anyway. There comes a time when you are in the right financial and personal position to buy.
yes you're right - usually people don't generally rush out to buy a house with money making potential in mind; they usually do it to buy a home so that they can have a family and live there for a good few years regardless of what is happening in the housing market.
these are the important things in life.0 -
No, but you did say, "your timing was terrible, you should have bought in 1999 and then sold in 2006.
that's what i would say is being ahead of the curve..."...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 -
neverdespairgirl wrote: »No, but you did say, "your timing was terrible, you should have bought in 1999 and then sold in 2006.
that's what i would say is being ahead of the curve..."
sorry but that doesn't imply anyone is a fool.
it implies if you could buy at that time, it was a good time to buy (1999)and then also sell (2006) if you could of course. nothing more.
it was also directed at !!!!!! who explained his reasons not to buy.
why so touchy today NDG?0 -
sorry but that doesn't imply anyone is a fool.
it implies if you could buy at that time, it was a good time to buy (1999)and then also sell (2006) if you could of course. nothing more.
it was also directed at !!!!!! who explained his reasons not to buy.
why so touchy today NDG?
That's all very well but no-one could have predicted the speculative and irrational bubble that developed.
From a financial point of view, you should buy a house when the price is sensible. Prices were certainly sensible in 1999 but many of us here were not in a personal position to buy at that time.
Prices have been pretty un-sensible to my mind since 2005, maybe earlier (they were out of whack since 2003). Hence the advice from me and other 'doom-mongers' here over the last year or more not to buy.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
i think it's probably more bizarre for you to think that wanting to send a BTLer to prison is a normal viewpoint to have especially that it wasn't said tongue in cheek. personally i think it's a stupid comment to make.
best leave that one there i think - just displays your agreement for anyone that has been obviously more succesful to you. shame because you're not a stupid chap...
of course that i have money tied up in property, you know this already - i feel it's bit strange that you continuosly bring this up, is this a problem to you? they were purchases made from motivated sellers with good discounts, excellent areas, low costs, no new-builds and also have a good return on the lettings.
i've insulated myself quite well - in addition the Land Registry figures look quite healthy year on year, only somewhere around a 3% drop that lags a couple of months. not a crash that is predicted by yourself by any means.
http://www1.landregistry.gov.uk/houseprices/housepriceindex/report/default.asp?g=1>=2&a=City+Of+Westminster&s=01%20October%202007&e=01%20September%202008&t=1
i know they don't take into account reposessions and new-builds but they won't have a massive impact on these numbers, so you can see that i am quite happy with my investments especially in these times.
in addition i work for myself on medium term contracts and all properties are owned by the company so there have been tax incentives there which further insulate me in the event prices do 'crash' in this area.
i'm also looking at the next bargain to be had at the moment - just waiting for the seller to get his expectations down to my level.
If that's the case, why don't you welcome house price falls?0 -
oh i do, i'm just more realistic - just don't go for all of the unrealistic prophesising a few people come out with.
don't go for the categorisation of people being a bull or a bear either - it's more about what suits your circumstances at your time in your life.
that's enough about me Carol - PM's are probably a better tool to discuss individuals.0 -
ShortnFat1 wrote: »Yes PMs can be handy for finding out stuff.
Good grief, another thread necromancer sock puppet.
:rolleyes:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards