Halifax: house prices up but hikes set to end

setmefree2

MSE_Dan wrote: »

Just to allay any concerns you may have, when any user receives a PPR, they only have their posting privileges removed - all the main site and forum content is still accessible

HTH

Dan

Dan that's great to know. We wouldn't like to think off mewbie without his precious pizza :rotfl:

chucky

MSE_Dan wrote: »

Just to allay any concerns you may have, when any user receives a PPR, they only have their posting privileges removed - all the main site and forum content is still accessible

HTH

Dan

do you have any plans to PPR mewbie then?

setmefree2

chucky wrote: »

do you have any plans to PPR mewbie then?

That's a little too serious for me......*scuttles off*.....

chucky

setmefree2 wrote: »

That's a little too serious for me......*scuttles off*.....

just asking, you never know what could happen... :cool:

Stay_tonight_in_a_lie

chucky wrote: »

do you have any plans to PPR mewbie then?

I think if that happened the board would end.

chucky

Stay_tonight_in_a_lie wrote: »

I think if that happened the board would end.

he'd be back under another user name to top up that Thanks count

you got 189 now - you're getting there

setmefree2

mewbie wrote: »

I don't think the prospect of ten years of austerity has really sunk in yet. Ten years of rising taxes and public sector cuts - I kid you not - should make some kind of dent in the house price bubble nonsense.

Whilst I agree that rising taxes and unemployment (caused by public sector cuts) will have a negative impact on house prices, you fail to acknowlege anything about the current state of the economy that is putting upward pressure on house prices - such as low interest rates for example and a shortage of new homes being built.

What's ten years of low interest rates going to do to house prices mewbie?
What will happen to house prices if new building stays low for 10 years?

Graham_Devon

setmefree2 wrote: »

What's ten years of low interest rates going to do to house prices mewbie?

Allow prices to inflate as people feel able to service the mortgages they are taking on.

What will happen to house prices if new building stays low for 10 years?

House prices will go up.

However.....the one thing you are not asking here, is what happens to house prices when interest rates DO go up. The longer we stay on these rates, the more people get used to paying these rates, and start to plan around them.

Lots of very happy people at the moment saving quite huge chunks of money from their mortgage payments.

If low rates stay around for too long (and I don't know what too long is really) and we get too used to it, the pain at the point where rates do go up will be immense, and screw up family budgets fairly rapidly.

The higher house prices go, the larger the pain to come.

As we all know, from the past decade, you get used to certain conditions, easy debt being one of them. When it's pulled, the effects can be pretty damning. Personally, I have got very used to my 3.5% rate mortgage payment each month.

lostinrates

MSE_Dan wrote: »

Just to allay any concerns you may have, when any user receives a PPR, they only have their posting privileges removed - all the main site and forum content is still accessible

HTH

Dan

well, not quite ALL, here and the Arms isn't accessible.

the_ash_and_the_oak

setmefree2 wrote: »

What's ten years of low interest rates going to do to house prices mewbie?
What will happen to house prices if new building stays low for 10 years?

1. This prob needs unpacking a bit. Is 6% low? (which is around the rate FTBs w 10% deposits would be currently looking at). and...is it low in the context of the next 10 years? open question

2. While there may or may not be a shortage of homes to buy am still unconvinced that there is a shortage of homes to live in (though there may of course be in specific areas) - otherwise rent costs would have increased at same pace as houseprice costs. Not convinced new building is any kind of answer here (given the location, type, and quality of a signif proportion of)