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Debate House Prices
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inflation needs to be higher than 17.7% a year to make buying a house better
geoffky
Posts: 6,835 Forumite
inflation needs to be higher than 17.7% a year to make buying a house better than having cash
in the bank at 0% interest.
£200,000 in the bank at 0% will give you £200,000 year.
£200,000 in property will give you £200,000 - 17.7% £164,600 at year end.
in the bank at 0% interest.
£200,000 in the bank at 0% will give you £200,000 year.
£200,000 in property will give you £200,000 - 17.7% £164,600 at year end.
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
0
Comments
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inflation needs to be higher than 17.7% a year to make buying a house better than having cash
in the bank at 0% interest.
£200,000 in the bank at 0% will give you £200,000 year.
£200,000 in property will give you £200,000 - 17.7% £164,600 at year end.
That of course presupposes that house prices keep falling. High inflation should mean that the bottom of the housing market is reached sooner rather than later as people recognise that it will be a good asset in due course particularly if the economy remains depressed and interest rates do not match inflation.0 -
inflation needs to be higher than 17.7% a year to make buying a house better than having cash
in the bank at 0% interest.
£200,000 in the bank at 0% will give you £200,000 year.
£200,000 in property will give you £200,000 - 17.7% £164,600 at year end.
OMG are you sure? I can't understand why I would lose this £35,400? Surely I will continue getting the rent which is a good alternative to your 0% interest.0
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