We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. 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!
Halifax +2.6 % MoM
Comments
-
Graham_Devon wrote: »Would like to see anyone deny the second graph
Chucky, Really ,Iveseenthelight etc..... where are you
What so the bubble now started 1973.:rotfl:
Ok you can get it to fiit but it fails to recognise that their have been three bubbles/crashes. You can get anything to fit if you dont set a scale limit.
But are we now saying prices will go back to the 80's now in nominal terms?
If you use that scale I make the bottom for london about £50K
0 -
if average prices were £90k all homes would be snapped up by BTL
the returns would be fantastic
you would also not have any new homes built
not even housing associations would build any
Thats being melodramatic.
Why are houses not being snapped up by BTL now?
You have to remember that for BTL to snap them up, most of them need loans to do so, and BTL loans are not the flavour of the month right now, and won't be for a good while.
It's not JUST the price of houses that is the determining factor of housing sales, it's availability of funds, and please don't pretend that the average joe has thousands stuffed away for a rainy day liek I have seen Conrad suggest.
Houses at 90k, would also mean that buyers in the last 5 years, are probably all mostly in about 60k worth of debt.
It's not just a case of "they would all be snapped up". If that IS the case, why did it not happen last time house prices were under the trend for a good five years, or the time before that?
BTL landlords will be so severly burned by it, that the business will be practically gone.
Did all those people who lost so much in the dot com crash all surge forward to buy loads more in the same line? Of course not. So why would houses be different?0 -
What so the bubble now started 1973.:rotfl:
Ok you can get it to fiit but it fails to recognise that their have been three bubbles/crashes. You can get anything to fit if you dont set a scale limit.
But are we now saying prices will go back to the 80's now in nominal terms?
If you use that scale I make the bottom for london about £50K
I'm not saying anything, you are simply putting words into my mouth.
Plus your attaching dates to it yet again, though you have complained the chart has no date so wrong. Again, I will say to you you cannot have it both ways.
You have still not given any reason for the graph to be wrong.
The 2 busts in the middle mean diddly squat, the pattern follows.
The house prices IF it followed all the way, would be about 70% off peak. Something you have laughed roarcously about. But something others have taken seriously and predicted.
No one will know till it's finished. But you still have yet to tell me why it's wrong, all you have done, every time the proof you ask for is given, is laugh.
Give us the backup as to why it's wrong. We have given you so far, everything you have asked for that you think was proving it wrong.0 -
Of course not. But good to see you using the Bubble word. Now you admit its a bubble can you work out what happens next? Er. You do know what happens to all bubbles eventually do you?
err I have never said it was not a bubble or that house prices won't fall.
Sorry you are wrong on that I would ask you to read my posts all I have said is 30% not 70%
Spikey today?0 -
Graham_Devon wrote: »I'm not saying anything, you are simply putting words into my mouth.
Plus your attaching dates to it yet again, though you have complained the chart has no date so wrong. Again, I will say to you you cannot have it both ways.
You have still not given any reason for the graph to be wrong.
The 2 busts in the middle mean diddly squat, the pattern follows.
No I am saying if it is right it as to follow suit so average london house will go to £50-£75K.
Like you said the patten follows that would mean it has to follow.
PS one other disapointment might be the bull trap not peaking until about 2020:)0 -
Graham_Devon wrote: »Would like to see anyone deny the second graph
Chucky, Really ,Iveseenthelight etc..... where are you
So the early 90's was a bear trap
'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 I am saying if it is right it as to follow suit so average london house will go to £50-£75K.
Like you said the patten follows that would mean it has to follow.
PS one other disapointment might be the bull trap not peaking until about 2020:)
Oh, so you are attaching a timeline to a chart in which you argued was wrong cus it had no timeline, AGAIN?
Funny, that.0 -
Graham_Devon wrote: »Oh, so you are attaching a timeline to a chart in which you argued was wrong cus it had no timeline, AGAIN?
Funny, that.
Graham are you a fish? the one you are saying it mirros as got a time line. How the hell can you say time does not matter, if it does not the second graph I can just say is b0LL0x as i could pos a verion for the last 6 months and it would not follow.
Could you apply a tiny bit of logic to your argument please rarther than ranting.0 -
Graham_Devon wrote: »Thats being melodramatic.
i wasn't being melodramaticGraham_Devon wrote: »Why are houses not being snapped up by BTL now?
You have to remember that for BTL to snap them up, most of them need loans to do so, and BTL loans are not the flavour of the month right now, and won't be for a good while.
this is very true
however if your talking average 3 bed house @ £90k which you seem to be a lot of properties would be snapped up for BTL
(they could as an example be bringing in rent of £550/ month for an interest payment of less than £350 or better still pay the capital off and still have £100/month)Graham_Devon wrote: »It's not JUST the price of houses that is the determining factor of housing sales, it's availability of funds, and please don't pretend that the average joe has thousands stuffed away for a rainy day liek I have seen Conrad suggest.
Houses at 90k, would also mean that buyers in the last 5 years, are probably all mostly in about 60k worth of debt.
It's not just a case of "they would all be snapped up". If that IS the case, why did it not happen last time house prices were under the trend for a good five years, or the time before that?
BTL landlords will be so severly burned by it, that the business will be practically gone.
Did all those people who lost so much in the dot com crash all surge forward to buy loads more in the same line? Of course not. So why would houses be different?
there will always be people with money to put into property0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
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