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?

189101113

Comments

  • carolt
    carolt Posts: 8,531 Forumite
    Never ever ever
    Sorry, chucky, that's such utter !!!!!!!!.

    You don't believe half this tripe you type, either.

    We both know that.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Some time after 2011
    carolt wrote: »
    Sorry, chucky, that's such utter !!!!!!!!.
    no need to apologise if it doesn't suit your agenda - it can't be true right?
    carolt wrote: »
    You don't believe half this tripe you type, either.

    oooops i didn't type it - they were quotes from Sabretooth and ISTL
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your right, there is a line and currently we are above it (see below).
    I think the winter period will see us drop equally below the line as we are above it now ;)

    Then in the spring, we'll head back up to that line and hopefully track it for a bit.

    Almost like stagnation but folloing the long term house price inflation trend

    22471983.jpg

    I love this graph. So full of meaning. :rotfl:


    It should also also include the amount of credit (mortgages) advanced. As predicting forward needs to factor this in.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 14 October 2009 at 2:17PM
    Some time after 2011
    Thrugelmir wrote: »
    I love this graph. So full of meaning. :rotfl:


    It should also also include the amount of credit (mortgages) advanced. As predicting forward needs to factor this in.

    how drole... did you mean "selective meaning" when you said mortgages advanced? :rolleyes:

    or did you forget to add interest rates in there too if we're looking at now and the future...
  • carolt
    carolt Posts: 8,531 Forumite
    Never ever ever
    chucky wrote: »


    oooops i didn't type it - they were quotes from Sabretooth and ISTL

    Since when were ISTL and Sabretooth the proof of anything?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Some time after 2011
    carolt wrote: »
    Since when were ISTL and Sabretooth the proof of anything?

    the links to information that they had in their posts... :rolleyes:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    how drole... did you mean "selective meaning" when you said mortgages advanced? :rolleyes:

    or did you forget to add interest rates in there too if we're looking at now and the future...

    No underlying total outstanding value of mortgage balances..... ;)

    There are too many variables to factor in if you included interest rates in isolation.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Some time after 2011
    Thrugelmir wrote: »
    No underlying total outstanding value of mortgage balances..... ;)

    There are too many variables to factor in if you included interest rates in isolation.

    absolutelty - we could go on for ever. ;)

    ISTL did make a very good point...
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    absolutelty - we could go on for ever. ;)

    ISTL did make a very good point...

    In answer to your original question. Average mortgage interest rates over the same period were 7.1%. On current house prices this would mean 37% of disposable income being used to repay a 75% LTV mortgage.
  • Some time after 2011
    hearts wrote: »
    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.
    Who was chancellor during the boom times? Gordon

    Whose job was it to regulate lending? The FSA

    Who was in charge of the FSA all these years? Gordon

    People do blame the government for lots of things, unfortunately for them, in this case it is entirely appropriate.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

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
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.