PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Property crash soon???

24567…22

Comments

  • nmiah786
    nmiah786 Posts: 577 Forumite
    Doozergirl wrote:
    Bring your friends!

    Popcorn's sweet :o You'll have to bring your own if you want the evil stuff. :p

    EVIL STUFF...hmmmm.... :A

    Sweet Popcorn excellent.....

    Please keep a seat empty for MeanMachine.....his about on the board but just not responded to this yet!!!
    Debt at highest (November 2005) = £35,856

    Debt currently (August 2006) = £20,790
    &More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

    Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
    2nd Interim Goal = £15,000, Target October 2006
    Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p
  • Ian_W
    Ian_W Posts: 3,778 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Never mind the popcorn Doozer, what about vino, should I bring red or white?

    OK to come with sleeping bag, could be a long night?

    Oh, this really is sooooooooooooo 2005, don't ya think?
  • njwd
    njwd Posts: 19 Forumite
    I side with Live-On-Less with this.

    These graphs tell you all you need to know. Based upon facts too.

    http://www.in2p.co.uk/nr/stats/indices/;jsessionid=C3225C26C35A594E1E9D88048935893F

    My main reasons are:
    1. Global interest rate rises (why do people think the UK is immune - think about the effect on sterling if we don't follow suit)
    2. £1.1Trillion and growing debt mountain
    3. Average house now about 6 times average wage
    4. Fudged inflation figures. 2% pah! Just because I can buy a cheap Chinese built DVD / MP3 player doesn't mean I'm not impacted by the massive increases on necessities (Gas, Electric, Petrol, Council Tax)
  • meanmachine_2
    meanmachine_2 Posts: 2,624 Forumite
    Part of the Furniture Combo Breaker
    NO, I'm with you sideliners. I've expended far too much energy on this issue already.

    To the OP, you have to look at the (un)affordability argument, as that's all punters look at. Right now it's higher than average, but not where it was in 1989.

    I believe house prices would have to rise another 30-40% for us to get there (without salary rises).

    So it all comes down to interest rates, bank lending and this "affordability" notion. It's as simple as that.

    Under reported inflation will also have a factor in reducing affordability, but at a very slow rate.

    And that's all I have to say.
  • zag2me
    zag2me Posts: 695 Forumite
    Part of the Furniture Photogenic Combo Breaker
    People have been saying property prices will crash for 4 years now. I listened to them for the first 3 years then eventually bought my own place last year. Couldnt be happier since then really, you cant put a price on freedom from living with your parents as I was :). You have to remember a home is to live in, not an investment.

    Edit: Someone pass the salted popcorn please
    Save save save!!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Hey, who ate all the popcorn?
  • trigger_mike
    trigger_mike Posts: 1,554 Forumite
    here it is! s17zic.jpg
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Who Hooooooo, thanks Mike. :beer:
  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ian_W wrote:
    Never mind the popcorn Doozer, what about vino, should I bring red or white?

    It's bit early, but it would be rude to refuse. Red please! :cool:

    That doesn't really go with sweet popcorn does it? Anyone got any olives?

    I dare someone to send an alert to the people on HPC! :p
    Everything that is supposed to be in heaven is already here on earth.
  • Deemy
    Deemy Posts: 3,683 Forumite
    o69wzb.gif

    When the wind blooooows .... :)

    £100k is a nice round number ;)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture