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Debate House Prices
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Homeowners are in for a drop in prices in next year’s first half
Comments
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pickles110564 wrote: »I asked Brit the same question about his signiture but he did not reply.
He is still trying to scare everyone about impending doom with house prices.
He was completly wrong before and will not get it right this time.
Yes and adding to his signature woes, in 2 of the last 3 crashes, house prices only stayed at bottom for one year before rising strongly.
Only in the 90's crash did they bump along the bottom for years...... I'm not sure 1 out of 3 counts as "history tells us".;)“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”0 -
Have to agree with 1st post
Last recession it took years for my last house to even recover 1989 value let alone increase in value I think it was mid 90s that my last house actuall increased and not by much
See above post.....“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”0 -
i still can't see why you think people with cash rich deposits are supporting prices.
A lot of people jumped ship and sold their homes at the peak of property prices. As renting became cost effective. Now these people are returning to the market.
Investors that sold out in 2005 prior to the changes in capital gains tax (and those that cashed in after as well), could also be returning to the market.
Nimble people trade the market and will realise a profit. Not hold onto it in the expectation that prices will rise indefinately. Property prices aren't a one way bet.0 -
Thrugelmir wrote: »A lot of people jumped ship and sold their homes at the peak of property prices. As renting became cost effective. Now these people are returning to the market.
how many did this?0 -
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Graham_Devon wrote: »34.
How on earth is the poster supposed to know!?
All we know is it happened, and more and more people did it.
Wow, those estate agents must have been busy in August 2007
'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 Thatcher0 -
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Thrugelmir wrote: »I'll turn the question round.
With FTB's having an average deposit of 25%, despite 90% mortgages being available. Where are the FTB's with 40% deposits materialising from?
FTB's with 40% deposits have always been around. i've not seen anything to say that these are what are supporting the market.
the current average deposit is around 25% compared to somewhere around 17% in 2007 i believe.Graham_Devon wrote: »34.
How on earth is the poster supposed to know!?
All we know is it happened, and more and more people did it.
here's the thing Graham, something that you fail to grasp again and again.
if you make a statement and are so sure about it - you back it up.
unlike yourself Thruglmeir knows what he is talking about and if he says something it's because he knows it's the case unlike yourself who fails to understand things (despite them being repeated to you 5 or 6 times) and then rants because you are discredited once again...0 -
FTB's with 40% deposits have always been around. i've not seen anything to say that these are what are supporting the market.
the current average deposit is around 25% compared to somewhere around 17% in 2007 i believe.
According to FSA figures. The LTV figure of around 83% reached in 2007/08 was the lowest since 1974. ( 1974 is the earliest figure their records show).
Between 1984 and 2007 the figure never dropped below 90% LTV for first time buyers. So the number of people with sizable deposits is miniscule in relation to the average FTB.0
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