House prices higher than year ago

chucky

the_ash_and_the_oak wrote: »

Wait...must be misreading you here. you're not saying the market doesn't need FTBs here are you?

for me its kinda two things at once here, lower prices doesn't necessarily mean increased affordability, if the money is more difficult and expensive to come by for it...and ...theoretically you could have house prices much higher than today if you lent out to FTBs at 2% and then the ones after those at 1% etc etc (hypothetically obv)

it does need FTB's

short term it can cope with the lowish volumes that are currently there imo

the_ash_and_the_oak

chucky wrote: »

it does need FTB's

short term it can cope with the lowish volumes that are currently there imo

ah ok, yes, in that case I agree!

StiflersMom

Also now that banking bonuses have recovered, and sterling is still undervalued, you will see a lot of demand from the top end of the market also pulling up prices

HenryWeston

Dumb proles

Snooze

chucky wrote: »

yeah i know - people predicting that this HPC was going to spiral away for 3 years continuously, repossessions were going to go through the roof and there were going to many forced sellers... it never happened did it Robert :rolleyes:

their crystal balls where totally rubbish - i kept on telling them but they wouldn't listen

Now now Chucketh, no need to get all narky at me. I just find it pretty stupid and ridiculous when people come out with these "this is what houses prices will be in year x" statements when the reality is that they know f-all. This is easily evidenced by asking them where they were with their predictions prior to the mid 2007 price crash. The answer is always a huge pile of silence... :rolleyes:

And fwiw I thought that brit1234's -70% predictions were equally as ridiculous. Personally speaking I'm not making anymore predictions; I originally said in early 08 that I reckoned we'd see -35% from peak and I think that would have happened if it hadn't been for Brown doing away with the IR and the £bns of fake money scam to con people into thinking we're not bankrupt.

Speaking of predictions, how is 12% IRs prediction coming along?

R

StiflersMom

HenryWeston wrote: »

Dumb proles

Charming.

If you can't answer an argument, then why not revert to insult?

:rolleyes:

chucky

Snooze wrote: »

Now now Chucketh, no need to get all narky at me. I just find it pretty stupid and ridiculous when people come out with these "this is what houses prices will be in year x" statements when the reality is that they know f-all. This is easily evidenced by asking them where they were with their predictions prior to the mid 2007 price crash. The answer is always a huge pile of silence... :rolleyes:

And fwiw I thought that brit1234's -70% predictions were equally as ridiculous. Personally speaking I'm not making anymore predictions; I originally said in early 08 that I reckoned we'd see -35% from peak and I think that would have happened if it hadn't been for Brown doing away with the IR and the £bns of fake money scam to con people into thinking we're not bankrupt.

Speaking of predictions, how is 12% IRs prediction coming along?

R

come on Rob - you're never usually this sensitive. there has to be a bit of bite in the banter.

Brit's predictions were spot on to be fair- but only if their was no intervention by anyone. it's a bit naive of people like Brit to think that the government was going to sit about with these issues in the economy and let house prices drop by 70%.

my expectations was that it would max out at 25% but did have doubts on that after a while. but going back to your point we don't know what's going to happen in 6 months because we don't what surprises are around the corner!

as for my 12% predictions - my typing has improved

HenryWeston

StiflersMom wrote: »

Charming.

If you can't answer an argument, then why not revert to insult?

:rolleyes:

no insult, just a statement of fact.

HAMISH_MCTAVISH

the_ash_and_the_oak wrote: »

What if the FTB is still at university? What about someone aged 22 only just beginning to save? They may not be able to get one while there is still time?

The motley fool has some great advice...... Never try to time the markets.

Just buy as early as possible and hold for the long term.

Sound advice.

For somewhere around 18 years out of every 20, the only way to do well is to buy as young as possible, and at least get on the ladder before it gets pulled up...

the_ash_and_the_oak

I'll bear that in mind - was just wondering if the FTBs over the next 6 months are going to be the last FTBs able to buy at a discount is all (presumably the future ftb at university with no job or savings yet isn't going to be able to take advantage of this discount? tho they could borrow the deposit if they did want to get in before the door shuts on them?)