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Debate House Prices


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what will the interest rate cut do to house prices?

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Comments

  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    chucky wrote: »
    that was a bit harsh Brodders - you should apologise!!

    Its cool chucky, thanks. However I move on quite quickly and to be honest everything is a lot rosier than at first it looked.

    Housewise, I'm really glad to get out, looking at a perspective from today, my mortgage was a little to high for comfort tbh. And from ex-wife point of view, things weren't going well anyway, better that its over.

    If someone asked me would i like to go back 6 months, or take things as of now, I'll take now.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ad9898 wrote: »
    Its cool chucky, thanks. However I move on quite quickly and to be honest everything is a lot rosier than at first it looked.

    Housewise, I'm really glad to get out, looking at a perspective from today, my mortgage was a little to high for comfort tbh. And from ex-wife point of view, things weren't going well anyway, better that its over.

    If someone asked me would i like to go back 6 months, or take things as of now, I'll take now.

    good man - just keep being positive!!!

    don't forget i'm a 'bull' apparantly and hunt in packs!!
    we're not meant to be nice to each other :rotfl::rotfl::rotfl::rotfl:
  • hethmar
    hethmar Posts: 10,678 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Car Insurance Carver!
    Met my local friendly EA in town today and asked him how business was - he said, "disastrous". Honest bloke. Said he doesnt expect movement in the market now til at least after Xmas hols
  • Realy
    Realy Posts: 1,017 Forumite
    hethmar wrote: »
    Met my local friendly EA in town today and asked him how business was - he said, "disastrous". Honest bloke. Said he doesnt expect movement in the market now til at least after Xmas hols

    I know another that will agree on that March at least.
  • Kez100
    Kez100 Posts: 2,236 Forumite
    I think prices just have to get down to a sensible level and fast. Faster the better. I was in a group of 12 (relatively) well paid people a few weeks ago and three said if they still had a job they would be buying in a years time once the big drops were out of the way.

    All these things take time, unfortunately. And while time passes there are innocent casualties. That is what upsets me.
  • North_Sea_Bubble
    North_Sea_Bubble Posts: 45 Forumite
    accelerate the HPC.
  • Realy
    Realy Posts: 1,017 Forumite
    North_Sea_Bubble wrote: »
    accelerate the HPC.

    How?:confused:
  • Cat695
    Cat695 Posts: 3,647 Forumite
    North_Sea_Bubble wrote: »
    accelerate the HPC.


    It will do that on its own when all the jobs start dissapearing.
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • Realy
    Realy Posts: 1,017 Forumite
    Cat695 wrote: »
    It will do that on its own when all the jobs start dissapearing.
    I agree their but that was the idea of the rate cut to reduce the job losess so in theory it should slightly slow it.:confused:
  • Kez100
    Kez100 Posts: 2,236 Forumite
    No, it won't accelerate it but I do think we will see an acceleration and then NSB will think he is clever.

    The speed is all about knowledge. There are few buyers due to knowledge they are overpriced. No buyers = dropping prices. Eventually we'll hit a point where buyers are happy to buy. After 30%, they may even think that is enough for them to take a chance on finding the right place.

    My feeling it will settle at 30-40% off peak. Then if rates remain low and 90% mortgages are available, I would hope things will look brighter.
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