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!
Money website says BUY NOW!
Comments
-
+2.19 is still hideously expensive historically. Great when rates are 0.5%, not so great when rates head up to past 5%, even if its in 10 years time.... Anyone hoping for bumper pay rises over the next decade are simply delluding themselves.
When do you think a good time to get a mortgage would be then? 5 years? 10 years? 20 years? 30 years? I'm genuinely interested.0 -
When do you think a good time to get a mortgage would be then? 5 years? 10 years? 20 years? 30 years? I'm genuinely interested.
:rotfl:
The best time to get a mortgage was back in 2007.
“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 -
It's a particularly interesting piece given that one of their main writers sold his house with the idea of buying back the same house or similar at a lower price in 2003.
The Fool is a really good site I think, as good as MSE but in a different way.
Goes to show the recklessness of STR.0 -
MSE_Martin wrote: »Its something I've always hedged away from - as I dont think you can ever know you can only ever guess / assume.
Which shows you are an intelligent guy, whereas anyone who writes an article like the one you mentioned probably has some kind of agenda [ note: or, an article with the exact opposit contents... basically, any article attempting to time the market ] .“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Last chance before the Titanic sails?0
-
How is the fools track record on predicting house prices and interest rates?!
I don't know about interest rates, but they have massively underestimated house price rises in recent years, as evidenced by one of the owners STRing in 2003 (ouch !!!).
Still, if you want to see truly awful forecasting, have a look at these jokers who are still predicting, on their home pages, that prices will fall by up to 50% from the Sept 2008 level:
http://www.housepricecrash.co.uk/
Oh dear !!
:rotfl::rotfl::rotfl:0 -
StiflersMom wrote: »I don't know about interest rates, but they have massively underestimated house price rises in recent years, as evidenced by one of the owners STRing in 2003 (ouch !!!).
Still, if you want to see truly awful forecasting, have a look at these jokers who are still predicting, on their home pages, that prices will fall by up to 50% from the Sept 2008 level:
http://www.housepricecrash.co.uk/
Oh dear !!
:rotfl::rotfl::rotfl:
When they made those predictions they were not factoring in the sheer scale of the recklessness of the banks and government over the last 10 years. I think had prices peaked in 2003, the economy come to a soft landing, we would not have entered such a severe recession and seen public debt balloon to such an obscene level. So whilst they were wrong they should actually have been right.0 -
StiflersMom wrote: »Still, if you want to see truly awful forecasting, have a look at these jokers who are still predicting, on their home pages, that prices will fall by up to 50% from the Sept 2008 level:
http://www.housepricecrash.co.uk/
People read what they want to hear, nuff said.0 -
When do you think a good time to get a mortgage would be then? 5 years? 10 years? 20 years? 30 years? I'm genuinely interested.
The answer to this question is "It's better not to have a mortgage at all".
Not that that helps the vast majority of people.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards