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Debate House Prices
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Halifax December Figures -2.2%
Comments
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I'm one of the lucky ones I live in a one bed house.....oh the joys of rank
I'm even better my friend, 3 bed MQ, rent, water, council tax and garage charge costs sub £300 and i get RPD at £90 a month.
According to Halifax the average house has fallen around 21% non seasonally adjusted from the peak at £199,600.....a saving nearly £40k. Over the last 12 months i've saving £15k as well......
House price crash saved me to date £55,000 and 25 years worth of interest payments.:j0 -
This is really good news for people like me (FTB) who got a bit fed up of houses being way out of reach.
Roll on further falls in 2009
Saving for a deposit: £20,551 / £25,000 - 82% of the way there...0 -
A curious post. I'm guessing that in your social group it's fairly normal to bet. I don't think I know anybody who bets on anything with the exception of my dad who used to put 20p bets on for all of us for the Grand National.JonnyBravo wrote: »Pay out time.
Kerrr-ching.
:T Thanks again kennyboy66. :T
With only 3 lots of thanks for your initial post it would seem lots of the people who were "certain" this house price decline was going to happen and knew exactly when it was going to happen missed out on the chance of easy money. Did none of the people shouting that 30% was certain etc really not get on??
As an aside, and also as a genuine question, is this part of the risk averse nature that has seen some people hold off buying for so long?
Of course those who haven't bought in the last couple of years have made a financially astute decision in the main, I'm not de-crying that.... simply interested in why in a forum, where I think we all agree the majority of posters are better informed than the average, lots of people weren't so certain as to risk some money on this.
Is it linked to being so financially risk averse as to be, ironically, putting themselves at risk of only buying on the up-slope of house prices.... whenever that arrives, and I agree it may be a long time away.
(IMO the best time to buy is so close to the bottom as not to matter but still on the down slope so that sentiment is negative thereby increasing the "strength of your hand" come negotiation time).
If people were so certain this was going to happen why didn't they bet? Of course it's all much easier with hindsight but sometimes you just have to put your money where your mouth is.
All in all I'd say the lack of betting is about different cultural norms rather than faith or lack thereof in what might happen.0 -
A curious post. I'm guessing that in your social group it's fairly normal to bet. I don't think I know anybody who bets on anything with the exception of my dad who used to put 20p bets on for all of us for the Grand National.
All in all I'd say the lack of betting is about different cultural norms rather than faith or lack thereof in what might happen.
It's not normal for me, the only bets I've ever known in my family were 50p a head on the Grand National as well. But I felt it was a banker!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Did you win?0
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Yes. I bet on house prices falling in 2008 with Ladbrokes....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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This is great news for the economy in the long run, more money to spend on things other than mortgage debt, parents will be able to choose whether to both work or one stay at home and look after young children, instead of having to work 25 hours a day to service the debt on a shoebox.
Short term pain for some, long term gain for more or less everyone.
Nail hit firmly on head.
The high cost of housing in this country has been the biggest single factor in the breakdown of society. We're all so busy working to pay the mortgage or rent that we've lost sight of the truly important things in life.
Low property prices and rents are the key to a successful society and a higher real standard of living for everyone.0 -
neverdespairgirl wrote: »But I felt it was a banker!
That phase may soon lose the definition, if it currently means a sure-fire win for profit.0 -
The average wage is going to tank. Don't you get it yet.
Honestly. You all do my head in. You really are all tripping off your heads when you bandy around £25K and £30Ks in averages for your expectations for the future.
Welcome to deflation, pay-cuts and unemployment.. unstoppable.
Hey Dopester you are a little stroppy these days, oh how is that team of yours doing? '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 -
neverdespairgirl wrote: »Yes. I bet on house prices falling in 2008 with Ladbrokes.
Are you going double or nothing for 2009 :beer:'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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