Steady increase in June house prices

Numenor

wheresmydoshat wrote: »

^^ so true, most homeowners i know my age struggle to afford a decent night out, yet not so long ago if they did manage it you'd sure hear about how they'd "made £20k in the last year" on their house.

Indeed - they hadn't made a bean if they hadn't sold their house outright or downsized.

nearlynew

I've not read the whole thread so am not replying to anything in particular........

Rising house prices are not a good thing.

1echidna

nearlynew wrote: »

I've not read the whole thread so am not replying to anything in particular........

Rising house prices are not a good thing.

I would say that falling house prices are not a good thing.

Can we agree that a period of stable house prices would be a good thing?

nearlynew

1echidna wrote: »

Can we agree that a period of stable house prices would be a good thing?

Definitley.

But stable at a lower, sustainable level

2007 peak prices are not it.

1echidna

nearlynew wrote: »

Definitley.

But stable at a lower, sustainable level

2007 peak prices are not it.

Perhaps around 10% lower than they are now? For the sake of agreement.

30% say off peak

nearlynew

1echidna wrote: »

Perhaps around 10% lower than they are now? For the sake of agreement.

30% say off peak

Call it 50% and we've got a deal

1echidna

nearlynew wrote: »

Call it 50% and we've got a deal

Oh dear! 30% off was my rock bottom I just hope it won't come to pass as I believe it would carry very severe ramifications for the economy :eek:

nearlynew

1echidna wrote: »

Oh dear! 30% off was my rock bottom I just hope it won't come to pass as I believe it would carry very severe ramifications for the economy :eek:

In the short term, maybe.

But think of your kids..............and their kids.


But regardless of prices, the root problem is our debt-based economy and the need for perpetual "growth" which it promotes.

sound money and small government is the only long-term, sustainable solution.




By the way, you're meant to go to 35% if we are to haggle and come to some agreement

1echidna

nearlynew wrote: »

In the short term, maybe.

But think of your kids..............and their kids.


But regardless of prices, the root problem is our debt-based economy and the need for perpetual "growth" which it promotes.

sound money and small government is the only long-term, sustainable solution.






By the way, you're meant to go to 35% if we are to haggle and come to some agreement

I am thinking of my kids, and their kids, if they have any. Your recipe sounds like a free fall at terminal velocity, with few surviving the crash unscathed. I just want at least some sort of drogue parachute. How about a 30% drop by mid 2010 and then a ten year period of stagnant prices, inflation would eat away at real prices giving you at least a 40% drop in all?

nearlynew

1echidna wrote: »

I am thinking of my kids, and their kids, if they have any. Your recipe sounds like a free fall at terminal velocity, with few surviving the crash unscathed. I just want at least some sort of drogue parachute. How about a 30% drop by mid 2010 and then a ten year period of stagnant prices, inflation would eat away at real prices giving you at least a 40% drop in all?

And then start the whole thing going again?