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Debate House Prices
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Halifax panic as the buyers dry up.
Comments
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ginandtonic1988 wrote: »You buy with Homebuydirect that gives first time buyers the deposit they need (as long as you earn under 60k a year I think) I don't think the market would have kept increasing this year if it hadn't been partly for these schemes.
[...]
Depends which scheme you go for. The new build one HBD give 15% and the builder give the other 15%. No rent payable you just pay back the 30% at a later point. Many moons ago when conservatives where in power there was a similar scheme that gave me my deposit for my house if it hadn't have been for that I probably wouldn't have got on the housing ladder/snake. From what I hear it sounds like HBD is here to stay to if so I can't see house prices going down much in the future.
:rotfl:
Looks like we've got a winner, boys and girls! :rotfl:
R0 -
CloudCuckooLand wrote: »By definition, shouldn't average earnings get you an average house, rather than a FTB one...?
No, and it never has doneWhat goes around - comes around0 -
We have record low interest rates and yet most areas are classed as unaffordable. Sounds like property is well overpriced and going to fall a lot when rates rise, euro crashes and parents savings run out.
Not for the new buyer as you well know
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
http://news.bbc.co.uk/1/hi/uk/8438179.stm
My guess is the Halifax’s index has turned negative and they are cushioning the blow!
Just as I thought when I read this thread the other day, your guess work is complete s.hite:
http://www.lloydsbankinggroup.com/media/pdfs/research/HousePriceIndexDec2009.pdf0 -
they seem to get more desperate and desperate each and every dayJust as I thought when I read this thread the other day, your guess work is complete s.hite:
http://www.lloydsbankinggroup.com/media/pdfs/research/HousePriceIndexDec2009.pdf
at least these guys got it wrong (again) too.
well done for being consistent :T
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I think we should rename the bears Weebles, they are a hardy bunch (the ones that remain, anyway), so many incorrect predictions but they are still banging away.
Weebles Wobble but they don't fall down!'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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JonnyBravo wrote: »Like you got every prediction right???
Let us start with the right direction
These were not bad
21/1/09
JP Morgan boss just lashed out 11.5 million $ on company stock, maybe we are reaching a turning point.
23/1/09
They are heavily pricing in the bank being nationalised, I can't see the govt confiscating the Arabs dosh, in addition the Abu Jabi's must have had a look at the books - I may just buy these at 50p :beer:
http://forums.moneysavingexpert.com/showthread.html?t=1433855&highlight=the+time+invest+banks+approaching
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
House prices probably are going to fall further.
I've been a long term saver with the idea of getting in when the fall started.
I'm in the process of buying at what is probably the correct value for teh current market, certainly there was enough demand for the property and it's low priced for the area.
However I fully expect over the next couple of years I'll see a drop in it's value.
With no intention of selling and those in power doing things which no one could have predicted, I'd rather my house was deflating than my deposit for potentially buying one.0 -
Am I right in thinking that the reason prices are shown as more affordable now than a year ago is because buyers are now having to put down 20% deposits, so that's 20% off the repayments innit? Lies, damn lies, statistics ....No reliance should be placed on the above! Absolutely none, do you hear?0
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