Debate House Prices


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Will we have any HPI from 2007-2017 ?

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Comments

  • carolt
    carolt Posts: 8,531 Forumite
    Anyone who claims to know the answer to this is lying.

    Not a clue.

    Predicting a year ahead is hard enough.

    It'd be lovely if prices could just fall and then stay static relative to wages for ever and ever. Not going to happen though.
  • geoffky
    geoffky Posts: 6,835 Forumite
    wolvoman.....can i ask how old are you?
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucknorris wrote: »
    I am expecting something like this:

    1. Spring 2010 prices bottom out about 10% lower than now.

    Possibly the start of interest rate rises around then.

    So the bottom may be 18 months off yet.

    As prices are drifting slowly down at the moment.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    carolt wrote: »
    It'd be lovely if prices could just fall and then stay static relative to wages for ever and ever. Not going to happen though.

    At a point the market will find a balance again within a range. That'll make buying and selling less of a risk than betting betting on black or red on a roulette wheel.
  • wolvoman
    wolvoman Posts: 1,179 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    geoffky wrote: »
    wolvoman.....can i ask how old are you?
    36.
    Is that good or bad?!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wolvoman wrote: »
    36.
    Is that good or bad?!

    Bad as you've yet to experience a real downturn in your lifetime :beer:
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