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

lostinrates

incher wrote: »

That would improve things, certainly LIR. But it would require a 'sea-change' as Cleaver said, to bring about such a change, wouldn't it? We in the UK are so entrenched now in our desire to own our own home, aren't we?

Our attitude to living is changing..nbot to housing yet, because our system dictates that IMO.

If more single people had access to secure tenancies, and their money, that seems as valid, more valid than many equity release and rent back schemes, for example.

When the buy versus rent arguemnt comes up here the common complaint is security. So, make it more secure!

I honestly believe it is not in everyones financial best interest to buy. (I honestly believe it is in many people's financial interest to buy too, just for balance) but the system is unfair as it stands: in tax on the savings in forms other than property, in benefits etc etc. In the way BTL is taxed too.

Its all very well we who can afford to buy bleating on, but I think morally, those who would be better in a more equal system, with secure tenancies, risk most under current system.

How can people change when the system holds them? Poeple are restricted from changing. Apart from those who have always had to rent to be prudent, they are penalised IMO, and it seems feel 'second class' as it is.

treliac

bo_drinker wrote: »

Just so as they can keep up with or better the Jones's as it has always been. Houses, cars 4wd, Hi fi tv etc etc etc. It's not going to be that easy for a few now though. Frugle will be the new bling.

This may sound like going off track a bit. But I have been wondering how we have moved from one economic way of life to another in the past.

On second thoughts, I'll start a new thread : - )

Kenny4315

ad9898 wrote: »

I think by then, if we are lucky we will be back to 2005 prices, as I have said many times, in real inflation adjusted terms, 2007 ain't ever coming back.

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Man you're cracking me up with these gags tonight.

ManAtHome

Who knows - at some point we may get a non-corrupt government who will pour money into social housing (and all them working-class construction workers) instead of slinging most of the invented dosh at their future (non-job) 'employers'.

Drat - 5 mins before we hit April 1st...

Darth_Marty

In 2019 a house worth 150k today will be worth 300k.

Thats what I think.

Time2Go_25

I predict an average price house now will be worth an average price house in 2019

jojo1964

If you combine a massively rising population with a house building programme fallen way behing govt. targets, its not difficult to see that in a few years house prices will be back to their peak of last year.

Supply and demand.

ukcarper

Security may be an issue when deciding whether to buy or rent but the reason I am glad I bought is that now I have retired I am very happy that I do not have to pay rent out of my limited income.

Also just another thought house prices double in the early 70s when borrowing rules were very strict

hundredk

The peak price in Q4 1989 was £61,495 and took 8 years for house prices to recover to the same level (Q3 1997 = £60,794). Current trends in prices are slightly higher in percentage terms and indicate recovery to peak 2007 prices will take about 10 years so 2019 prices = Q3 2007 prices.

http://www.nationwide.co.uk/hpi/downloads/UK_house_price_since_1952.xls

I predict a good time to buy will be around 2014

ad9898_3

Kenny4315 wrote: »

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Man you're cracking me up with these gags tonight.

Why ?, 2007 lending collpased the banks, so I guess what you're saying is banks will be collapsing again in the future when start lending as they did before. I would suggest they won't lend to that level again. Not rocket science, but if you're VI won't allow you to see what is pretty obvious then the debate is over.