What’ll happen to house prices? poll discussion

scousethife

Well with banks opening up more mortgages useing bailout money, I think they are going to level off. They wont go up for years and years now.

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scousethife wrote: »

Well with banks opening up more mortgages useing bailout money, I think they are going to level off. They wont go up for years and years now.

The irony of this is the government are borrowing money that we, the taxpayer will have to pay back, to give to banks so they can then lend it out to...... guess who.... us the taxpayer,:rotfl:, a FTB'r taking out a mortgage now is going to have to pay the same money back twice, once to the bank, and secondly to the government in your taxes.

And all this on an asset that is falling in price..... madness I say.

ManAtHome

Depends more on the wholesale (pesky foreigners) loans - weren't they £6-700 billion?

Davesnave

The results thus far look very interesting. If they stay as they are, they'll be even more interesting in a few years time. People will look back at evidence of public sentiment like this and say: "After more than a year of living the Noughties Crisis, how was it that so many still called it so wrong?"

And, with a spread like that, a large percentage must be wrong, no matter which way things go.

Davesnave

lostinrates wrote: »

I'm not normally so sour, but I can't help wondering if these are the people who think they will be ok without doing their seatbelts up, or the ones who don't protect themselves against STIs.

.....As long as they have no defence against STRs!

<Exits making noise like Hannibal Lecter, smacking his lips>

(Sorry, couldn't resist.):rotfl:

Dan:_4

The only true answer is J - no idea. It is most likely that anyone selecting another option would have a VI one way or another, hence the mixed results.

teddyco

I will guess that house prices will drop another 25% by Spring of 2010.

Dan:_4

teddyco wrote: »

I will guess that house prices will drop another 25% by Spring of 2010.

That means your looking at least a 2% drop every month to get there. I can't see it myself.

oscar52

I can see a few more quid coming off yet. Even more so with the ideas that the countrys "think (septic) tank has come out with.

People have gor far less money now than before now, the Government want to raise taxes (meaning even less money) People simply wont be able to afford houses - like many FTBs now. Unless mortgages come back down to 4/5 times earnings rather than the 9/10 now.

The above of course is based on mine (and other people I know) current wages. The avergae salary in the UK is apprently around £24K - I obviouosly dont know many "average" people.

oscar52

oscar52 wrote: »

I can see a few more quid coming off yet. Even more so with the ideas that the countrys "think (septic) tank has come out with.

People have gor far less money now than before now, the Government want to raise taxes (meaning even less money) People simply wont be able to afford houses - like many FTBs now. Unless mortgages come back down to 4/5 times earnings rather than the 9/10 now.

The above of course is based on mine (and other people I know) current wages. The avergae salary in the UK is apprently around £24K - I obviouosly dont know many "average" people.

:rolleyes:See what I mean.... I cant even afford a decent keyboard:rotfl: