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Debate House Prices


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City says housing recovery is in sight

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wolvoman wrote: »
    What if fixed rates in 2 years time are 7% and not 5% as now?

    Will your numbers still stack up?

    7 year fixes are already over 7% plus fees with 2 major lenders.

    The market is changing fast.

    As I said yesterday get your surf board out..........
  • abaxas
    abaxas Posts: 4,141 Forumite
    Rapist says his victim is due to recover in 2011

    Why are we listen to these people?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    Rapist says his victim is due to recover in 2011

    Why are we listen to these people?

    not the best anology but you do have a point.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    i agree and the comments in the article sounded quite reasonable.
    do you think an increase in rates/continuing to rent would offset the holding the cash in savings against HPI being flat?

    A balanced view from someone more expert than us in these matters. :rolleyes:

    Only a % of FTB are renters. I would hedge that a fair number that rent are happy to do so. Even more so as more property is becoming available to rent, and rents drop as a consequence. Desperate sellers trapped by NE or an inability to sell.

    Question is would I save at 4% or borrow at possibly 8%. If prices are broughtly flat. Then saving is the key. Obvious consequence of this is that prices will stagnate. As number of transactions will remain low. Perhaps not a bad thing.
  • Tozer
    Tozer Posts: 3,518 Forumite
    Thrugelmir wrote: »

    You'd be better off holding cash on deposit in that timeframe. No rush to buy.

    Except you can't live in a deposit...
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    abaxas wrote: »
    Rapist says his victim is due to recover in 2011

    Why are we listen to these people?

    Whose opinion would you listen to then?
  • 1echidna
    1echidna Posts: 23,086 Forumite
    Official/press/independent forecasters and insider investors and bankers got it badly wrong when we ran off the racing track, as it were, and went into the crash barriers. Does that mean they will be wrong for ever more? I think not. There will come a time, sooner or later when we are back on track and forecasters will regain their credibility.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    A balanced view from someone more expert than us in these matters. :rolleyes:

    Only a % of FTB are renters. I would hedge that a fair number that rent are happy to do so. Even more so as more property is becoming available to rent, and rents drop as a consequence. Desperate sellers trapped by NE or an inability to sell.

    Question is would I save at 4% or borrow at possibly 8%. If prices are broughtly flat. Then saving is the key. Obvious consequence of this is that prices will stagnate. As number of transactions will remain low. Perhaps not a bad thing.

    that's what i was saying that caught my eye from the original article. :confused:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Tozer wrote: »
    Except you can't live in a deposit...

    Why the rush? Patience is a virtue. Something that people may have to adjust to even if they don't want too. :beer:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    that's what i was saying that caught my eye from the original article. :confused:

    So why title City sees a recovery? :confused:

    We'll be discussing this for a few months longer yet.
This discussion has been closed.
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