Ok, do you want house prices to go up or down ?

mewbie_2

Let me consider the question. Here are some commodities I would like to see lower in price.
food
gas
rates
electric
petrol
clothes
etc.
oh and house prices.

Why would anyone want the price of anything to go up? It makes no sense at all. If housing were more sensibly priced - capped even - then there might be more free money in the economy to do other things - like support businesses that make things or provide services. Instead of propping up a pyramid of pointless parasitic leeches who provide nothing of any real value, just moving money around and raking off their bit.

hethmar

I would like them to go up

When you think about it BTL must have made an enormous difference. There are over a million of them now arent there - thats a lot of houses. Nearly everyone you meet seems to own a BTL in the last couple of years. OH was dog walking this morning and the two other people walking their dogs were both BTLs in their mid forties and both were saying they couldnt see they would lose money on their new build purchases from last year! Though I guess you only lose money if you sell them and if they hold on to them for 20 years???

neverdespairgirl

I would like them to go down

lostinrates wrote: »

but its funny how many people asume he 'left law training' before becoming a barrister, rather than continuing on for the 'higher' qualification, lol.

I hear that a lot, that I'm too young to be a barrister, how long was I a solicitor for first, etc.

neverdespairgirl

I would like them to go down

Conrad wrote: »

The best way I can explain this is with some real word examples;

What a lot of crooks and thieves you know or are related to!

carolt

I would like them to go down

I hope you reported all those people lying to the Inland Revenue?

Or did you - as I suspect, Conrad - just think it a great opportunity to sell them a mortgage?

mitchaa

wymondham wrote: »

Down to reasonable levels again. About £80k for a 3 bed semi should be fine!

And i'll buy 3 or 4 of them.

And then so does everyone else and it starts all over again;)

House prices need to come down to around a nationwide average of £145-£150k.

So not long to go now before they stabilize and stagnate.

mr.broderick

I would like them to go down

angrypirate wrote: »

Can the bulls out there please shoot me down and argue otherwise?

Why would anyone argue? It seems like the perfect situation.
What people are frightened of is the fallout that will be caused in reaching those market conditions from here.

lostinrates

neverdespairgirl wrote: »

I hear that a lot, that I'm too young to be a barrister, how long was I a solicitor for first, etc.

LOL...wll I can see why, you guys gt th glamourous end, eh? Its th bit that would interst me too. DH is probably going to do bcom solicitor advocat, more as a hobby than anything, and bcause in the other juristictions in which h will b qualified the role is, of course, combined. But he says he'll always be jalous about the wig actually, a coupl of DH's colleages became solicitors aftr being barristers.. what happns there I wonder?

neverdespairgirl

I would like them to go down

If they were a barrister and are now solicitors, I think they are wig-less. Don't rely on that, though.

Cleaver

I would like them to go down

slipthru wrote: »

One question, what if one of them takes say five years or so out, to look after any little people that arrive, is that still affordable?

Dunno really. As a couple with no kids (and don't plan to have any) we are constantly amazed that people with kids afford anything, let alone housing. I would imagine that on one income they couldn't afford it, no. But not sure whether that really relates to the question: there's millions of factors that effects whether you can afford a house, having children being one of them. Either sell the house for a cheaper one or don't have the kids.

You may have noticed that I'm not in the "a house should be affordable to everyone on a 2x income basis" crowd - housing is like gold, oil, stocks, shares and everything else that goes up and down and has very expensive and very cheap periods.