Why Are High House Prices A Good Thing?

Gorgeous_George

PasturesNew wrote: »

I banked it because it was there.

Having the house meant I could not afford a pension, or any holidays. I had no shiny stuff, no outings, no hobbies, no fun.

... and nothing's changed then?

FWIW, the best fun I have ever had cost me nothing.



GG

PasturesNew

Gorgeous_George wrote: »

FWIW, the best fun I have ever had cost me nothing.

What was that then?

inspector_monkfish

Gorgeous_George wrote: »

... and nothing's changed then?

FWIW, the best fun I have ever had cost me nothing.



GG

did it involve one hand and a box of kleenex ? :cool:

Really2

Gorgeous_George wrote: »

... and nothing's changed then?

FWIW, the best fun I have ever had cost me nothing.



GG

Steeling Amy winhouses stash is hardly reputable though is it

IveSeenTheLight

PasturesNew wrote: »

If all studio flats were £20k, 1-bed flats were £30k, 2-bed flats £40k, 2-bed houses £45k, 3-bed houses £55k, 4-bed houses £65k, then most people would be able to own a home, to feel settled .... to be able to see a way forward to getting a larger house if they wanted/needed ...

most of your post seems to want a Utopia society, however if prices were as you say above, you wouldn't need studios, flats, 2 beds or 3 beds as most would be able to buy 4 beds.
Then most wouldn't need to get a larger house.

If it was as you say, do you think there would only be 4 bed houses, mansionscastles etc built?

mewbie_2

If it was cash only then PN's prices would be quite realistic.

ad44downey

Euphoria1z wrote: »

if you bought for a lot less than you sold it for, then you have more money when you sell, so those who have property want their property to increase in value so they get more money than what they put in when it comes to sellling, plus the more your house is worth and the less you owe on it, then you get the best interest rates so it costs you less to own it.

on the other side, those buying a property want to buy it at the cheapest possible price so they dont want prices to increase (whilst they havent bought one that is!!!)

that should answer part of your question

Translation please. Thanks

PasturesNew

IveSeenTheLight wrote: »

most of your post seems to want a Utopia society, however if prices were as you say above, you wouldn't need studios, flats, 2 beds or 3 beds as most would be able to buy 4 beds.
Then most wouldn't need to get a larger house.

If it was as you say, do you think there would only be 4 bed houses, mansionscastles etc built?

No, I want a 2-bed house max. So we'd need some of those too.

The thing is, most people forget how it was, how it could be. That you could buy a house and pay a few quid off and then either have kids/one give up work, or start to enjoy hobbies with your spare cash.

Now all that seems out of the window. Mothers are forced back to work, nobody has any monmey, borrowing ott... world's gone mad.

IveSeenTheLight

PasturesNew wrote: »

No, I want a 2-bed house max. So we'd need some of those too.

So you STR'd making £400k+ profit and now want to buy a property for only £40k ish

Good luck

PasturesNew

IveSeenTheLight wrote: »

So you STR'd making £400k+ profit and now want to buy a property for only £40k ish

Good luck

I don't know where you got £400k from... I'd not be sat online typing !!!!!! into a forum if I had that much.

I actually expect to spend £150-165k on a 2-bed small house. Then fully furnish it with everything (I have nothing, no things), so that's another £2k - and probably have to stick a conservatory on and do some other tiny things, say another £10k.

Oh dear ... might have to spend less on the house.

And I'd still need to get a job for the next 20 years to pay the bills.