House prices higher than year ago

kabayiri

I was one of those who panicked into buying 'the wrong house' in the 80s boom years.

For this reason alone I would suggest people show patience until they find the right property.

I also sadly know a fair number of people locally who have had no household income since the start of the year. The redundancy payment was the only thing paying their mortgage, and for some the money is running out. A forced sale is sad for them, but an opportunity for others.

I suspect things will be highly regional.

Graham_Devon

abaxas wrote: »

No everyone would have missed the boat unless they wanted to live in the same house till death and their kids after their death.

However this cant happen, as there would need to be a market to dictate a price. If you cant sell anything, there is no market.

It just did happen, a whole market was priced out. However, you could buy a 30p snack with 20p, as there were ways and means of doing so. Those means have all but dried up now. But I do not for one second think new ways and means will not become available.

the_ash_and_the_oak

abaxas wrote: »

No everyone would have missed the boat unless they wanted to live in the same house till death and their kids after their death.

However this cant happen, as there would need to be a market to dictate a price. If you cant sell anything, there is no market.

I know, thats what I meant!

Snooze

StiflersMom wrote: »

my advice to anyone currently planning to buy in 2012 is not to hold off that long. House prices will be 15-20% higher then than they are now.

Can anyone tell me where one purchases these crystal balls from? There seem to be a lot of members with them on this forum. :rolleyes:

Personally I think your comment will turn out to be complete BS, but that is just my opinion.

R

HenryWeston

Dan: wrote: »

Not many on here would have said this was possible 12 months ago.

http://news.bbc.co.uk/1/hi/business/8332861.stm

Hopefully, we will see some small falls over the winter, to enable one last chance for FTBers to buy at a discount.

What a lovely person you are encouraging people to get into massive debt, in a pathetic attempt to support the meaningless value of your pile of wood and bricks.

Buy in 2 years time when prices are on the floor. :beer:

chucky

HenryWeston wrote: »

What a lovely person you are encouraging people to get into massive debt, in a pathetic attempt to support the meaningless value of your pile of wood and bricks.

Buy in 2 years time when prices are on the floor. :beer:

another HPC bot has entered the forum...

tommy75

Dan: wrote: »

Hopefully, we will see some small falls over the winter, to enable one last chance for FTBers to buy at a discount.

Lets hope so because if you don't have a big deposit, then house prices are pretty much higher than peak 2007.

StiflersMom

Snooze wrote: »

Can anyone tell me where one purchases these crystal balls from? There seem to be a lot of members with them on this forum. :rolleyes:

Personally I think your comment will turn out to be complete BS, but that is just my opinion.

R

Really? On what basis?

The market is already up 10-15% since Feb, despite high unemployment, poor mortgage availability and high deposits required from lenders.

As each of these factors unwind over the next two years, the existing upward pressure on house prices will, if anything, grow.

Sounds like you're hoping for the opposite to happen, but you haven't based it on any critical reading of the market.

Best of luck with that

:T

StiflersMom

HenryWeston wrote: »

... buy in 2 years time when prices are on the floor. :beer:

Surely you mean "Buy in Feb 2009 when prices are on the floor"

:j:j:j

StiflersMom

chucky wrote: »

another HPC bot has entered the forum...

Smell the fear and panic ...