What a charming bunch of people.....

ukcarper

doire wrote: »

Im not intending to buy a house anytime soon. Im not interested in getting into mountains of debt just to own a house.

Buying an affordable home and seeing a price drop or rise of a couple of thousand wont cause me any concern. Im not one of those that bought at ridiculous prices during the boom and i never intend to be in the same boat as them.

That doesn’t answer the question not many would worry about a couple of thousand what about 25% of value

doire_2

ukcarper wrote: »

That doesn’t answer the question not many would worry about a couple of thousand what about 25% of value

I cant answer the quesation because i didn't buy (or was stupid enough to) at inflated prices.

Those that bought pre boom cant really compain.

ukcarper

what price is an inflated price though

abaxas

ukcarper wrote: »

what price is an inflated price though

Inflated relative to building costs and utility value of the land. These have not got up 300% in 10 years.

ukcarper

abaxas wrote: »

Inflated relative to building costs and utility value of the land. These have not got up 300% in 10 years.

have house prices gone up 300% over 10 years

Land reg figures 1999 90k 2009 160k

the_ash_and_the_oak

ukcarper wrote: »

have house prices gone up 300% over 10 years

Land reg figures 1999 90k 2009 160k

Stats are kinda usable to prove contradictory things over stuff like this - would prob need to compare like w like (esp considering the explosion in housebuilding during the bubble will have been more flats-oriented, plus a lot of conversions happening during same period)

the_ash_and_the_oak

near my gfs..

Kynaston Rd N16 0ED

#80
2007: 480k
1995: 100k

#6
2007: 595k
2003: 387k
2001: 155k

#46
2006: 455k
2003: 370k
2002: 172k

#67
2007: 440k
1997: 162k

#79
2006: 494k
2003: 330k
1997: 160k

#90
2002: 327k
1995: 105k

ukcarper

I agree but 300% when it's less than 200%

the_ash_and_the_oak

People like hyperbole imo. They like it more than they like life itself and would kill other people in order to exercise it

ukcarper

Best I could find next door sold May 1999 £140,000 April 2007 £275,000