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Debate House Prices


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First it was dead cat bounce

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Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Dan: wrote: »
    You can't beat a good bull vs bear fight.

    We just need a half decent one.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Really2 wrote: »
    So nearly new did you sell your last house at 3.5X the average wage in the area or market value?

    No.

    About 4X actually.


    But it was an above average house.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    No.

    About 4X actually.


    But it was an above average house.

    So houses are affordable then. :T;)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ruggedtoast wrote: »
    What "they" are hoping will happen is a two tier economy. On one side are the low wage, bad credit and otherwise priced out renters. Unable to amass suffucent equity to ever buy in a limited market.

    And on the other side will be a cabal of canny property owners, vicariously ekeing out supply and renting their properties sparingly.

    i can actually see that happening
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    No.

    About 4X actually.


    But it was an above average house.

    i hope that you gave the excess over the 3.5X to charity!!!
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Really2 wrote: »
    So house are affordable then. :T;)


    If you buy them off me, yes.

    Now, buying (or trying to buy) off some stupid, greedy, HPI cheerleading debt junky with negative equity, that's a different ball game.

    They still think it's 2007.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 6 August 2009 at 3:35PM
    nearlynew wrote: »
    If you buy them off me, yes.

    Now, buying (or trying to buy) off some stupid, greedy, HPI cheerleading debt junky with negative equity, that's a different ball game.

    They still think it's 2007.

    Perhaps now it is sold you can give us the address so we can check that out when LR comes out?

    And for what it is worth I don't believe you, sorry but your are to VI and I know you want to buy so sorry, I don't beleive that but I am very, very, happy to be proved wrong.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    chucky wrote: »
    i hope that you gave the excess over the 3.5X to charity!!!


    There was no "excess". It was what I consider a fair market price.



    An above average house costs more than 3.5X average income.

    simples.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »

    simples.

    Hi Graham.:)
  • dfh
    dfh Posts: 1,073 Forumite
    Dan: wrote: »
    A vile answer to a vile statement - read the whole thread.

    In addition I do not harbour the following prejudices
    1.Homeowners are somehow superior to people that rent.
    2.People who rent need training.
    3.People who rent don't have decent jobs.

    I seem to remember this country got on very well when house prices were affordable.
This discussion has been closed.
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