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Debate House Prices


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House prices will stay in the doldrums for years.

13

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    carolt wrote: »
    Stagnation after falls would be a great thing.

    But prices need to fall to reasonable levels first.

    i don't think that you'll be getting those falls - well not the ones that you may be expecting.

    stagnation until the next election maybe - then it's a brand new game...
  • carolt
    carolt Posts: 8,531 Forumite
    As ISTL would corectly point out, some are going up, and some are going down.

    Which ones in particular?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ruggedtoast wrote: »
    I'm sick of this sht. Are they going up or down?

    I want answers.

    we can tell you whatever you want to hear

    if you want them to go down we'll tell you they're going down and most people will be happy. if we tell you they're going up - most people will be unhappy.

    which one do you want?
  • purch
    purch Posts: 9,865 Forumite
    But prices need to fall to reasonable levels first

    Why ?

    A few years of stagnant house prices will make them reasonable, without the need for falls.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • carolt
    carolt Posts: 8,531 Forumite
    How?

    Unless salaries rise.

    The opposite is happening right now.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    purch wrote: »
    Why ?

    A few years of stagnant house prices will make them reasonable, without the need for falls.

    Not with wages frozen or in some cases falling now even before the new financial year.

    All that would mean is they stay just as out of reach as they are now.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    carolt wrote: »
    How?

    Unless salaries rise.

    The opposite is happening right now.

    Yes, right now, but we're talking about ten years of stagnation in house prices. I don't think it's unreasonable to assume wage inflation in that time, and a fall in unemployment, even if you account for increased taxes.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Masomnia wrote: »
    Yes, right now, but we're talking about ten years of stagnation in house prices. I don't think it's unreasonable to assume wage inflation in that time, and a fall in unemployment, even if you account for increased taxes.

    and don't forget negative RPI YOY...
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    It really becomes a question of to what degree the rest of the crash will be visible in nominal terms, and in real terms
    Prefer girls to money
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    the_ash_and_the_oak wrote: »
    It really becomes a question of to what degree the rest of the crash will be visible in nominal terms, and in real terms

    Highly visible in real terms. As the waiter is still calculating the bill. May take 5 years before the picturer becomes clearer. And we can leave the restaurant.
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