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Debate House Prices


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* Money * House prices House prices fall 12.5% year-on-year

2

Comments

  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    HAMISH_MCTAVISH wrote: »
    Houses are an asset class no different to gold, classic cars, equities, commodities, etc.


    :rotfl:

    Sorry for the input........

    :rotfl:
    Not Again
  • geoffky
    geoffky Posts: 6,835 Forumite
    nice that you are combing the two for negative equity purposes.....
    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.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    geoffky wrote: »
    nice that you are combing the two for negative equity purposes.....

    LOL. Not even close. Not even on the most recent one.

    We need a better class of bear around here. These ones can't even look up the sources when you hand it to them on a plate.:rotfl:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    nearlynew wrote: »
    Graham.

    Where are you?

    Sorry, was giggling :)
  • geoffky
    geoffky Posts: 6,835 Forumite
    Hamish..i see you said in your post you are winning can you tell me what you are winning..and whats the prize?
    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.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    HAMISH_MCTAVISH wrote: »
    It's not "over the odds". It's fair market value.

    Houses are an asset class no different to gold, classic cars, equities, commodities, etc. Sure they have utility value, but so do many of the other classes I mentioned.

    Profiting from houses is no different to profiting from Sugar, coffee, oil, gold, pork bellies, classic cars, or any other tradeable commodity.

    Are pork bellies in Aberdeen still going up Hamish, despite costing less each month...
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ruggedtoast wrote: »
    Are pork bellies in Aberdeen still going up Hamish, despite costing less each month...

    No idea. But houses are up 8% in the last 3 months.:D

    Now only down 6.9% from peak, and still rising.:beer:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I'd probably stick with pork bellies if I were you. I suspect that would be a better investment vehicle than property at the moment. Even in the miraculous micro economy that is Aberdeen.
  • Bloo_Loo
    Bloo_Loo Posts: 135 Forumite
    course, haliwide figures are NOT based on completed deals.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    geoffky wrote: »
    hamish bought at the very top of the market and is in negative equity. he is a clever bloke you know!!

    geoff is not in a position to buy. he has made too many mistakes in life and now wants to blame others for property being unaffordable. he is not a clever bloke.
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