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Debate House Prices
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Property prices will have stabilised by this time next year. Yes or NO?
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I will accept your apologies in 12 months time.
Remember to bookmark the URL of this thread and mail it to yourself in the future!
http://www.futureme.org/
See you in 12!
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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 -
monkeymaster wrote: »You're deluded. One of the biggest asset bubbles in history, an unprecedented financial crisis with banks being bailed out left, right and centre and you expect it to be over in the blink of an eye. We're going to be living with the consequences of this for years. Our (and other countries) public borrowing has ballooned - all this debt has got to be paid back at some point and that will be in the form of higher taxes. So even if things don't get any worse (which is no given) then we're still yet to really see what has happened feed through into the real economy - we're only just going into recession! Unemployment and reposessions will be on the increase for the forseeable future and that will in turn put further downward pressure on house prices.
As for interest rates, yes they are falling but mortgage rates aren't so it's going to make no difference to confidence - what will make a difference is unemployment, reposessions and continued falling house prices being reported in the media. In the US where interest rates are now 1% mortgage rates have hardly moved.
You better have a word with these guys on the thread below, most of them think their interest rates are coming down, I wouldn't like to see them disappointed.
http://forums.moneysavingexpert.com/showthread.html?t=1266097'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 Thatcher0 -
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They going to flog their houses to each other to get the market moving..?
What has that got to do with their mortgage rates dropping dramatically, I should imagine they will be quite happy with their 3% mortgage rates.'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 Thatcher0 -
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Yawn... thought this thread was about where house prices were going, not whether a minority of debtors would be doing the "whoop de doo" thing (or maybe people who don't yet have a mortgage can get a BoE +0.01% under the Human Rights Act).?What has that got to do with their mortgage rates dropping dramatically, I should imagine they will be quite happy with their 3% mortgage rates.0 -
anyone who thinks they will rise is going to be in for one hell of a shock..this depression is going to take no prisoners and some of you may end up in soup kitchens....It 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 -
anyone who thinks they will rise is going to be in for one hell of a shock..this depression is going to take no prisoners and some of you may end up in soup kitchens....
paying 3% on a overpriced asset is still paying far too much...i am not losing £4k in value each month but your house is...It 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
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