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

shelovestobuystuff

They will be double todays prices.House prices have doubled every 10 years since the 40,s no matter what boom or busts come in between.A £2,500 house in the 40,s is a £160k house today and will be a £320k house in 2019.

chewmylegoff

shelovestobuystuff wrote: »

They will be double todays prices.House prices have doubled every 10 years since the 40,s no matter what boom or busts come in between.A £2,500 house in the 40,s is a £160k house today and will be a £320k house in 2019.

fergus wilson, is that you???

bo_drinker

shelovestobuystuff wrote: »

They will be double todays prices.House prices have doubled every 10 years since the 40,s no matter what boom or busts come in between.A £2,500 house in the 40,s is a £160k house today and will be a £320k house in 2019.

I don't think it will happen this time round.
PS I hope your wedding venue place doesn't go t1ts up.

Pobby

shelovestobuystuff wrote: »

They will be double todays prices.House prices have doubled every 10 years since the 40,s no matter what boom or busts come in between.A £2,500 house in the 40,s is a £160k house today and will be a £320k house in 2019.

Do you know what, bear speaking here, you are more or less right. However, you must look at wage inflation also. That has a long way to catch up. So I don`t think that you are correct at this time. However what you say is more or less correct, however this time around it will take longer than 2019 imho. I base that on the feeling that houses still have a fair old way to drop before they go on an upward cycle.

Oh just had a thought. A couple of single aunts bought a bungalow in the south east for £1,000 in 1960, sold in 1995 for £78,000.

Cleaver

chewmylegoff wrote: »

because this time, it's different?

Fair enough. This is all matter of opinions obviously.

For me, I don't really see that the general public's perception of 'bricks and mortar' being a safe bet will really change. They've / we've seen prices treble in a decade. I think when we see prices fall 40% or 50% and get a couple of years of stagnation I think people will start piling in like no man's business and... guess what... we'll have another boom.

But hey, maybe I'm wrong. And I hope I am, because in 15 or 20 years time I don't want to see the economy in a mess again and have to worry about my property either drastically increasing or decreasing in value as it forces you to make decisions that you shouldn't really need to make. So you could be right: maybe this crash will completely change human behaviour for good. I guess time will tell, but I'm doubting that we'll change as a society too much. We're all too thick and sheep like for that.

shelovestobuystuff

bo_drinker wrote: »

I don't think it will happen this time round.
PS I hope your wedding venue place doesn't go t1ts up.

Its just an opinion based on past,nothings set in stone.

PS what do mean about my wedding venue?

Cleaver

shelovestobuystuff wrote: »

Its just an opinion based on past,nothings set in stone.

PS what do mean about my wedding venue?

Let me explain. You have an opinion that house prices will rise. Because of this I presume Mr Drinker hopes that your wedding venue falls through, goes bust or somehow gets in to financial trouble so you can't get married in it.

Strange, I know. But it's the way it works for a small number of sad people around here.

beingjdc

shelovestobuystuff wrote: »

They will be double todays prices.House prices have doubled every 10 years since the 40,s no matter what boom or busts come in between.A £2,500 house in the 40,s is a £160k house today and will be a £320k house in 2019.

In the past, almost everything has doubled every ten years, because we had very high inflation for ages. That doesn't seem likely in the short term, though I agree general high inflation might be round the corner.

However House prices have doubled every 10 years since the 40s is odd. Where have you got this from?

Average House Price

Spring 1989
£62,244
Spring 1999
£70,010

I'm not seeing the doubling.

Cleaver

incher wrote: »

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

When I was asking the question, I was kinda playing devil's advocate (I don't think house prices in 2019 will be as high as 2007, maybe just nudging that amount, I dunno...). I'll continue playing devil's advocate:

What makes you think people won't be able to borrow that type of money? Do you have faith in government or authority to put in sensible plans to ensure lending is relative to people's earnings? Or do you maybe think that the government and authorities will come up with plans that sound good on paper, make the public feel like there is 'progress' being made but then as soon as there is an upturn, things will simply revert back to the way they were?

Again, just being the advocate.

bo_drinker

Cleaver wrote: »

Let me explain. You have an opinion that house prices will rise. Because of this I presume Mr Drinker hopes that your wedding venue falls through, goes bust or somehow gets in to financial trouble so you can't get married in it.

Strange, I know. But it's the way it works for a small number of sad people around here.

No no no !!!!!! read the foot note re their wedding venue booked and paid for . Venues are going bust l r &c.