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!
The 70% club
Comments
-
stephen163 wrote: »Population of Scotland - about 5m
Population of UK - about 60m
% of Scotland resiting the trend - 10%!?...about 500,000 people (resisting the temptation to say that a lot of the areas bucking the trend are rural).
That means if you proprtion it up, the so called resillient areas of Scotland are about 1/120th of the UK as a whole. That isn't going to make much of a dent in the total average.
No you are playing with figures now, Scotland as a whole equates to 9.17% of the British population (5.5m/60m)
It states Scotland as a whole, not 10% of Scotland as you claim. You cannot just make up your own figures to suit your argument, it holds no credence. Yes the 4 major cities are showing -ve falls (all be it very low in comparison to the -15% claims) but the country as a whole is showing +ve
Likewise, there are many areas in England no-where near the claimed -15%0 -
I think most understand average, if 70% down somewhere means, lets say 40% down in other places thats fine.
The important bit is the higher the figure the better, regardless of what that figure is. Scotland will bomb, just like everywhere else, it's just a matter of time.0 -
As unemployment rises, house prices will continue to fall regardless of interest rates. It's basic stuff really.
Really, but there are only 155k more unemployed now than what there were this time last year.
Not going to make that much difference really especially when those that have lost their jobs walk into another in a short time period (The unemployment stats back this up) Continual 100k unemployed figures every month for 12 months does not equal an unemployment rate of 1.2m as you then assume all those 1.2m stay unemployed;)
2sets of figures were released yesterday...
+140k in the last 3 months (quite a big number i agree)
+155k in the last 12 months (Very low number i would say especially in this climate and taking into account the 140k above)
Now what does that tell you?
Its basic stuff really
0 -
I think most understand average, if 70% down somewhere means, lets say 40% down in other places thats fine.
The important bit is the higher the figure the better, regardless of what that figure is. Scotland will bomb, just like everywhere else, it's just a matter of time.
Living on hope
'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 -
As unemployment rises, house prices will continue to fall regardless of interest rates. It's basic stuff really.
You and stevie may try to deny that fact but the fact that you do so illustratres how clueless you are
Hope your alter ego Napoloooon talks more sense than you. :rotfl:'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 have no idea how far they will fall....at first I thought 20% but that figure is not that far away now, so who knows.
All I know is that I find it all very scary......and I don't even own or want to own a house!
*Unless I won the lottery and could buy outright and if that happened, i wouldn't give two hoots how much the property value of my home is going up or down.
Quality, right first time.'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 -
As do i, i am sure she is very intelligent, i just dont agree with her housing market crash theories and her continual support of what i would call rubbish claims.
As far as I'm aware NDG hasn't really stated her projections for how deep the crash will be - other than she is not yet ready to buy.
I think perhaps, maybe, she thanks some of the more bearish crash posts as being somewhat more grounded in the right direction - although that may not mean she always agrees with the extent of the crash projections made...
...but perhaps more realistic than some of the optimistic "15% crash maximum*", or "gentle slowdown", or "green-shoots - recovery coming" posts of others.
*As was ISTL's forecast back at the start of May.
Alternatively I could be entirely wrong - although I occasionally thank posts if I disagree, but if thoughts and explanations are well put across.0 -
Yeah but I always err on the side of caution :rotfl: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 -
The important bit is the higher the figure the better, regardless of what that figure is.
You are correct, less debt burden, less interest payments to the bank, more disposable income, afford a much bigger house for your given budget etc etc
I agree, low house prices are advantageous for the majorities, myself included, i would trade upto 5/6bed detached
But im not deluded into thinking things are just going to suddenly get a whole lot easier where i may find myself with multiple homes.
Ive already gave my predictions of £145k nationwide average and i stand by that.
If houses drop down to average £54k from its peak of £180k (-70%), i will eat my hat;)0 -
Yeah but I always err on the side of caution :rotfl:
You mean it might only be 15%?'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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards