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Debate House Prices
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The 70% club
Comments
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mmmmmmmm looking at the graph again..... No:D
If the average ones will be 64k, how much will the cheap ones be? all at 2% interest rates. you are avin a larf.'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 -
Tell that to my next-door-but 2 neighbour.... working at BT. Perhaps his job is safe... for now. Others aren't so lucky, and the luck will run out for many more. Simple pay-cuts will be welcomed next to unemployment... especially so with deflation making other stuff cheaper to buy.
If he's not agency staff or a contractor, he will probarly be okay.0 -
If the average ones will be 64k, how much will the cheap ones be? all at 2% interest rates. you are avin a larf.
Can you lay your hands on £64K now from your own savings?
Are you a good enough credit risk for a bank to lend you £64K at this moment in time if you wanted to buy something? With the banks looking at your existing obligations to extend you £64K credit.
And that is now. In a year+ time, with increased unemployment and pay-cuts, credit could be very tight and very difficult to obtain, except for solid credit risks.0 -
Down 20% by April, 70% I will be in like a shot.
The problem is Steve, you, mitchaa and Dan may well be in like a shot, you may also have loads of cash, if you have, good luck to you, however the housing bubble as been propped up by thousands of people who thought they were like you.
Unfortunately unlike the years gone past, the likes of yourself will become a tiny minority, who will make a lot of money but will be ineffectual in lifting the market.
You should be rejoicing the current crash in prices0 -
The problem is Steve, you, mitchaa and Dan may well be in like a shot, you may also have loads of cash, if you have, good luck to you, however the housing bubble as been propped up by thousands of people who thought they were like you.
Unfortunately unlike the years gone past, the likes of yourself will become a tiny minority, who will make a lot of money but will be ineffectual in lifting the market.
You should be rejoicing the current crash in prices
No problem for me, of course if they drop I will gain (buy a better house), but it doesn't mean I have to reside on fantasy island.'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 -
I agree that lower house prices should be a good thing. Sadly it is coming too late.
Every 1% brings more misery to fellow human beings. More suicides, more divorce, more murder. How that can be described as a good thing is beyond me.
I'm still in the 40% camp.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Can you lay your hands on £64K now from your own savings?
Are you a good enough credit risk for a bank to lend you £64K at this moment in time if you wanted to buy something? With the banks looking at your existing obligations to extend you £64K credit.
And that is now. In a year+ time, with increased unemployment and pay-cuts, credit could be very tight and very difficult to obtain, except for solid credit risks.
Are you joking? actually I have a mortgage that I have more or less paid off that the bank are committed to lend me back at BR+.95. Also a little bit of cash put aside and no debts. So what you are saying (I think) is that mainly the pro buy-to-letters are going to snap up all these properties because no-one else can borrow any money.'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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