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Debate House Prices


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House prices will stay in the doldrums for years.

24

Comments

  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    not really feeling the idea that prices are currently in the doldrums imo. sales might be in the doldrums but prices pretty high tbf
    Prefer girls to money
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I do not think anyone should post their opinions on this until Hamish has given you the facts.

    Please hold back until he has started the thread

    Is that reasonable?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    LisbonLaura wrote: »
    I do not think anyone should post their opinions on this until Hamish has given you the facts.

    Please hold back until he has started the thread

    Is that reasonable?

    Thats because Aberdeen house prices aren't in the doldrums. In fact there leadingthe UK recovery by some years.

    http://forums.moneysavingexpert.com/showthread.html?t=1814333
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 14 July 2009 at 10:51AM
    I think this is a likely scenario too.

    The 50% - 70% drops in prices predicted by many a bear never needed to happen. A decade of static house prices coupled with inflation means that over time houses will become more affordable, more in line with wages, and more realistic. It doesn't require a doom scenario.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Masomnia wrote: »
    I think this is a likely scenario too.

    The 50% - 70% drops in prices predicted by many a bear never needed to happen. A decade of static house prices coupled with inflation means that over time houses will become more affordable, more in line with wages, and more realistic. It doesn't require a doom scenario.

    That infers relatively high inflation, Dopester will not like that icon7.gif
    '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 Thatcher
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    LisbonLaura wrote: »
    I do not think anyone should post their opinions on this until Hamish has given you the facts.

    Please hold back until he has started the thread

    Is that reasonable?


    Do you admire or fancy the guy,seems to be commented on quite a lot by yourself?
    Official MR B fan club,dont go............................
  • carolt
    carolt Posts: 8,531 Forumite
    Masomnia wrote: »
    I think this is a likely scenario too.

    The 50% - 70% drops in prices predicted by many a bear never needed to happen. A decade of static house prices coupled with inflation means that over time houses will become more affordable, more in line with wages, and more realistic. It doesn't require a doom scenario.


    Ummm...unless that inflation includes wage inflation, it's not going to be a lot of help to house prices.

    Leaving unemployment aside, as far as I know real wages are currently falling not rising, so I'm not clear how they're supposed to catch up with 2007 house prices. :confused:

    And of course, you can't conveniently leave unemployment aside -it's all part of the picture.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    stagnation, stagnation, stagnation

    it's not a bad thing
  • carolt
    carolt Posts: 8,531 Forumite
    Stagnation after falls would be a great thing.

    But prices need to fall to reasonable levels first.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I'm sick of this sht. Are they going up or down?

    I want answers.
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