where do you think house prices will be in 10 years?

tomterm8

I would expect that by 2019 we will be in the middle of a boom, the wall street journal will be heralding a new age, and people will be telling us this time is different.

ukcarper

I dont think there will be another labour goverment it the next 10 years it normally take about ten years to forget how bad the previous one was vote them in again.

ad9898_3

Dan: wrote: »

never say never again

I would normally agree Dan, however the earnings to borrowing level has got that high, that it has collapsed pretty much all our financial institutions, I can't see them biting off this much again, and even if they wanted to, regulation will be put into place that will stop it.

Dan:_4

ad9898 wrote: »

I would normally agree Dan, however the earnings to borrowing level has got that high, that it has collapsed pretty much all our financial institutions, I can't see them biting off this much again, and even if they wanted to, regulation will be put into place that will stop it.

I agree ad, but the answer to "When will my house be valued what it was in 2007" is not never (forgetting inflation, im talking about the ball point figure)

besonders1

when house prices finally bottom out, everyone will not go anywhere near houses as an investment. If people had a crystal ball, then why didn't investors and landlords buy up all the council houses in 1995, paint them magnolia and sell them in 2007 and become a millionaire?

Really2

besonders1 wrote: »

. If people had a crystal ball, then why didn't investors and landlords buy up all the council houses in 1995, paint them magnolia and sell them in 2007 and become a millionaire?

Because you have to live in one to buy one.
Unless you lived in all of them how could you buy them.

Cleaver

besonders1 wrote: »

when house prices finally bottom out, everyone will not go anywhere near houses as an investment. If people had a crystal ball, then why didn't investors and landlords buy up all the council houses in 1995, paint them magnolia and sell them in 2007 and become a millionaire?

Ignoring the fact that you couldn't buy a council house unless you lived in it, lots of investors and landlords did buy property in the mid to late nineties and will have made money by selling in 2005 to 2008.

Just out of interest, why do you think people will stay away from houses as an investment when some sort of plateau, or even a small rise, is reached?

chewmylegoff

Cleaver wrote: »

Ignoring the fact that you couldn't buy a council house unless you lived in it, lots of investors and landlords did buy property in the mid to late nineties and will have made money by selling in 2005 to 2008.

Just out of interest, why do you think people will stay away from houses as an investment when some sort of plateau, or even a small rise, is reached?

because this time, it's different?

bo_drinker

Over the next 10 years those that do buy will be buying for a home and not a cash cow. Where prices will be? maybe 07 levels

incher

Cleaver wrote: »

Just out of interest, why do you think people will stay away from houses as an investment when some sort of plateau, or even a small rise, is reached?

Because people won't be able to borrow like they have been able to?