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Debate House Prices
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Now property sales are rising - the best feeling of owning your first home
Comments
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It's very odd that they have put the gap between exchange and completion as 1 week. Surely, 4 weeks is normal?No reliance should be placed on the above! Absolutely none, do you hear?0
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It's very odd that they have put the gap between exchange and completion as 1 week. Surely, 4 weeks is normal?
probably because it's been taken from hpc.co.uk or similar site that provides information just to suit their argument.
nevertheless the context of the diagram does make sense but doesn't really prove anything as these timeframes are all estimates.0 -
It's actually from the acadametrix paper linked to in my previous post. From the horse's mouth, if you like.probably because it's been taken from hpc.co.uk or similar site that provides information just to suit their argument.
nevertheless the context of the diagram does make sense but doesn't really prove anything as these timeframes are all estimates.
Regardless of their view, each of the indices is freely available as a time series, and the data implies a lag of approx three months from Hal/NW to LR/FT.0 -
the best feeling of owning your first home
is looking back at the last 25 years and thinking Christ that was a bit of a struggle.and a very very long time before i owned it...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 -
scousethife wrote: »Will igloos drop in value due to global warming?
It depends on the price of bottled water at the time.0 -
"The best feeling of owning your first home"
Perhaps I'm too much of a cynic, but surely you shouldn't enter into the largest financial commitment of your life because it 'feels good'? Nor because of the fun of doing it up. To me, the OP made it sound a bit like buying a dolls house or a puppy. You buy a house because you want somewhere (preferably nice) to live, possibly bring up a family, etc. It's a lot less expensive to redecorate your dolls house, a lot less work, and a lot quicker.No reliance should be placed on the above! Absolutely none, do you hear?0 -
....... and now I dont have any more monthly debt to service i.e mortgage or rentthe best feeling of owning your first home
is looking back at the last 25 years and thinking Christ that was a bit of a struggle.and a very very long time before i owned it...:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
gingermingerr wrote: »Mortgages become cheaper with time. While rents rise with inflation, mortgages go down.:beer: Mortgage repayments become peanuts after just 10 years mate! It's a no brainer.
Yep, just look at all the people who have been mewing like no tomorrow, the people who move 'up the ladder', which in laymans terms means 'taking on more debt', or the people who are just about to buy now with a 'cheap fixed rate' only to be undone big time in a couple of years when the deal has expired and IR's have gone up.......... oh yes, mortgage payments get cheaper over time.:rotfl:0 -
Not in the real world. As Interest rates go up (won't be long now) then the mortgagerepayments goes up to.gingermingerr wrote: »Mortgages become cheaper with time. While rents rise with inflation, mortgages go down.:beer: Mortgage repayments become peanuts after just 10 years mate! It's a no brainer.Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
ad44downey wrote: »Not in the real world. As Interest rates go up (won't be long now) then the mortgagerepayments goes up to.
Could you be more specific on when this will happen, please.0
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