We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The “crash” is over – now how long before prices fully recover?
nollag2006
Posts: 2,638 Forumite
With even HPC acknowledging that prices are not falling any longer:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=127289&st=0
how long will it take for prices to recover to their late 2007 level?
http://www.housepricecrash.co.uk/forum/index.php?showtopic=127289&st=0
how long will it take for prices to recover to their late 2007 level?
How long will it take prices to get back above late 2007 levels? 149 votes
Recovery is gaining pace – within 6 months
4%
6 votes
Might be a bit up and down, but should be back by the end of 2010
13%
20 votes
Probably by the end of 2011
18%
27 votes
Some time after 2011
55%
82 votes
Never ever ever
9%
14 votes
0
Comments
-
Some time after 201120 years......0
-
Might be a bit up and down, but should be back by the end of 2010:rotfl::rotfl::rotfl:0
-
Some time after 2011ages off. most of the dullards who think they're rich because theyve got a house way underestimate the effect of base rate being 1%.0
-
Might be a bit up and down, but should be back by the end of 2010ages off. most of the dullards who think they're rich because theyve got a house way underestimate the effect of base rate being 1%.
Wow !! Can you show me a single institution where I can get a mortgage for anything like 1%??
This is a regular argument trotted out by lazy bears / STRs who have yet to realise that banks have taken advantage of the current low base rate to raise margins.
As the economy picks up, so new products and suppliers will emerge to offer new mortgage products, so the 1% base rate is really not relevant in any meaningful way. Even as interest rates rise, there will be plenty of affordable products out there - fear not my little bears
0 -
Asking prices around me are all without doubt higher than 2007:mad:
only one Estate Agent in the village and keeps valuing at crazy levels. Thing is its where I want to live, so I dont know what to do?Pawpurrs x
0 -
Just sold mine (to an FTB) at 2007 peak for the road. Asking price was a bit higher than peak as the markt currently prices in a small discount.I think....0
-
Quite some time here, we're still 16% down year on year!We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
Probably by the end of 2011Just sold mine (to an FTB) at 2007 peak for the road. Asking price was a bit higher than peak as the markt currently prices in a small discount.
:T Well done. Top result.
It's quite funny that I'm amongst the more pessimistic responses from the bulls.
I think it will be 2011 before the national average price reaches 2007 levels. It'll get close in 2010, but still 5% or so below.
Although some areas are there now, much earlier than expected, so who knows.“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 -
nollag2006 wrote: »With even HPC acknowledging that prices are not falling any longer:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=127289&st=0
how long will it take for prices to recover to their late 2007 level?
Quick someone tell Gordon the crash is over and we can get back to 125% mortgages and borrow like never before!:T
How come its over Gordon will say? Errr someone said so on hpc Gordon :rolleyes:0 -
Quick someone tell Gordon the crash is over and we can get back to 125% mortgages and borrow like never before!:T
How come its over Gordon will say? Errr someone said so on hpc Gordon :rolleyes:
Please tell me what GB had to do with 125% loans? Some people just tend to balme the government (whoever it may be) for every bloody thing that goes wrong. Put the blame where it belongs. The greedy basoords who ran the banks. From the top to the bottom the only thing that mattered were bonus payments.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards