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Debate House Prices
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Why interest rates will surge upwards.
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If there is significant inflation there will also be a degree of house price inflation as people invest in "bricks and mortar" to try and protect the value of their money. This was one of the driving forces behind the house price inflation in the 1970s.0
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Sold To Rent - over on HPC (housepricecrash.co.uk) many peple predicted the crash and sold to realise their equity before the bubble burst, and are curently renting until the market bottoms out. Well I sold just after the peak, and was left with little equity so didn't have quite enough to put down as a deposit on the next house. Annoying at the time, but probably the best thing that ever happened to us!0
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Now we know, now we know.
As an aside, whoever can tell me where the above saying is from gets 10 pointless imaginary points!0 -
A pointless point - what a lovely idea.Deleted_User wrote: »Now we know, now we know.
As an aside, whoever can tell me where the above saying is from gets 10 pointless imaginary points!
No idea where the quote is from, though.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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it's going to be a 1 bedroom flat for you then...
that's not a bad thing but maybe you need to reset your expectations
actualy im buying a 2-3 bed semi, i can afford this on my own but my gf will be paying me rent or half the mortgage so im easily comfortable.
but not many 24yo earn what i earn and its not fair on them to be honest.
2003 house worth 135k now worth 225k? 6 years 95k profit?
it doesnt make sense.0 -
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Just because trends have occurred in the past does not mean that they will continue for ever. A different set of fundamentals will drive house prices from now on. I think house prices will continue to fall this year, but those of you sitting on 100k thinking you'll be able to buy a mansion with it in two years time are going to be sorely disappointed.0
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pandamonia wrote: »actualy im buying a 2-3 bed semi, i can afford this on my own but my gf will be paying me rent or half the mortgage so im easily comfortable.
if you can afford it why are you complaining about property values then?
your age is irrelevant to this unless you are trying to impress someone with this comment.pandamonia wrote: »but not many 24yo earn what i earn and its not fair on them to be honest.
it has done nothing to do with what they have increased by in the past - they can decrease by less or even decrease by even more. dependant on unemployment, the number of reposessions in your local area and even the desirability of your area; probably a couple of other factors too.pandamonia wrote: »2003 house worth 135k now worth 225k? 6 years 95k profit?
it doesnt make sense.0 -
Our first home in 1997 had a bed, clothes rail x2 and inflatable armchairs x2 for nearly 7 months.whathavewedone wrote: »Exactly. We're old enough to have built up some nice furniture but I still have a fair bit of stuff that used to belong to my parents. As a FTB what do you really need to begin with? A bed, a clothes rail and something to sit on. That's pretty much it. You can eat dinner on your lap. You don't even "need" a washing machine. There is something called a launderette apparently. Or at least there was when I was 24 (and renting).
And I still get loads of stuff from ebay
It took us 2 years to furnish house properly bit by bit, and some of the stuff was good quality secondhand.0
but what's a STR? Google isn't do it's job very well. 
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