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

shelovestobuystuff

beingjdc wrote: »

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.

Just going by prices in my area,central scotland.Prices grandparents and mum bought and sold for since the mid 40,s.

Cleaver

beingjdc wrote: »

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.

Spring 1989
£62,244
Spring 1999
£124,488

Does that help?

jojo90_2

probably booming.

incher

Cleaver wrote: »

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?

I don't have faith as such, but I bl00dy well HOPE that we won't be able to get in this mess again!

Oh, and I like devil's advocate roles - I play them myself quite often It's good to think/be made to think!

Cleaver

bo_drinker wrote: »

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

If that is what you meant then you phrased it in a very odd way. My apologies if I read it wrongly.

chewmylegoff

Cleaver wrote: »

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.

no, no - my post was an attempt at an ironic slant on the suggestion that house prices would not go up again, based on the constant use of the "this time it's different" mantra to mock house-price-inflation acolytes who allegedly insist that house prices will only go up.

i guess i failed.

bo_drinker

shelovestobuystuff wrote: »

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

PS what do mean about my wedding venue?

Reading the purple writing at the bottom of your post re you have paid for the wedding venue in full. Just saying I hope they don't go t1ts up before the big day, as a couple have round here and people have lost out.... Nothing else

bo_drinker

Cleaver wrote: »

If that is what you meant then you phrased it in a very odd way. My apologies if I read it wrongly.

No problem I was rushing.

Cleaver

incher wrote: »

I don't have faith as such, but I bl00dy well HOPE that we won't be able to get in this mess again!

It's an interesting one.

For me, I don't really give two hoots what plans, lending levels, salary / house price ratios initiatives and government rules people discuss on here. It means nothing, in my humble opinion.

When I get a sense that there's been a tipping point in society, when you can feel that there is a sea-change in people's attitute to houses, money and credit, thats when I'll start agreeing that it's "different this time", and that we will "never be in this mess again".

For what it's worth, I don't think we are anywhere near that cultural critical mass at the present time.

Cleaver

chewmylegoff wrote: »

no, no - my post was an attempt at an ironic slant on the suggestion that house prices would not go up again, based on the constant use of the "this time it's different" mantra to mock house-price-inflation acolytes who allegedly insist that house prices will only go up.

i guess i failed.

My irony detector isn't working. So I failed. Actually, we're both on an internet forum. So we both failed.