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Debate House Prices
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Have we reached the bottom of house price drop??
Comments
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The biggest boom in history is not going to be followed by the shortest bust in history......simple really!!It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Have house prices reached the bottom, yes they have.*
* I'm fed up with saying they haven't so I might try a few days on the 'other side' instead.:D0 -
The only way to recognise the bottom will be when we are on the other side of it and prices are rising again. Hindsight is a wonderful thing and it certainly spawns many experts, especially on here!0
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Hold on.
There are still people on here who won't believe there's even been a drop yet !!!! :eek:
That is the Scottish clan
My clan go for the 13.7% down from peak as per the index used by the FT (the one that includes all the data:D)
http://www.acadametrics.co.uk/FTHPI%20News%20Release%20March%2009.pdf'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Have house prices reached the bottom, yes they have.*
* I'm fed up with saying they haven't so I might try a few days on the 'other side' instead.:D
All in the spirit then, I will say they haven't and still have around 6% to go
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
im not sure if theyve bottomed out,dnt think anyone can really answer that,but do think a lot of people are starting to think that,but i do know one thing,iv looked at 3 houses in last 10 days & they all been sold with in a week for pretty much the asking price
You have a lot to learn
You are not allowed to say things like that :money: 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
No, the market has another 68% to drop to allow carolt and the other losers to afford a house. keep ramping it down boys youll get there in the end.0
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I'm sure the papers and "experts" kept saying this in the last recession.....for 6 yearsIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
All in the spirit then, I will say they haven't and still have around 6% to go
No Steve, you are so,so wrong, that's it, the drop has finished. In fact just to prove my point, I've been on Rightmove today, and 25 houses have gone SSTC, and my bank sent me a mailshot saying that due to QE, they can now offer me a 90% mortgage fixed at 3.99% for 10 years, even if I had bad credit !!, well my credit file shows a score of 985/1000 so I should be good for it.
So I'm having a day off work tomorrow, to 'fill my boots', I spoke to my boss who said 'take as long as you like, the recession is having no impact whatsoever on business'. Happy days.*
* Am i doing well Steve, or do you think I'm going over the top a bit.0 -
Sounds fine to me, (humour him), oh no where is that straitjacket.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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