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Debate House Prices


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Why are prices rising so much and so fast?

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    camper_1982 wrote: »
    Problem i have is ive sold my house to a cash buyer and got the asking price, which is great,

    If you got the asking price, the asking price was too low.
    What to do?

    Raise the price.
    “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”
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    doire wrote: »
    Because LieBour will do ANYTHING to hold onto power. That includes propping up a housing market with money they haven't got. :rotfl::rotfl:

    This is going to hurt future generations very hard


    Why is it the Government's fault?

    I've seen a house that sold for £90K in 2007 but is on the market for £54K. I'm considering an offer of £45K. The Government are not telling me to pay too much.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    camper_1982 wrote: »
    Why dont people stop buying then and it will stop the rises. Problem i have is ive sold my house to a cash buyer and got the asking price, which is great, but they are only paying me that if i sell it as no chain. so ive agreed.

    Spent the last 2 weeks looking for somewhere to buy but there is nothing out there, so we are going to rent for a few months until we see the house i want.

    But from watching the market, im really worried that asking prices are going up, so sale prices will too and we will be left out of our depth with trying to get a decent house.

    What to do?
    So you are worried that if you wait then asking prices will go up.

    And you ask why people don't stop buying houses now, and should wait?

    :)
  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    Joeskeppi wrote: »
    I personally expect prices to start plateauing very soon.

    Plateauing? In your dreams! Bubbles are followed by corrections, not 'plateaus'.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    macaque wrote: »
    Plateauing? In your dreams! Bubbles are followed by corrections, not 'plateaus'.

    Where have you been for the 2.5 years? The correction has happened mate.
  • camper_1982
    camper_1982 Posts: 186 Forumite
    Well im so fuketd of with this country, im actually going to rent for a few months and keep my eye out for something. A house is only worth what im willing to pay. If nothing turns up by end of may im going to get the hell out of this trampy country.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    camper_1982 wrote: »
    Well im so fuketd of with this country, im actually going to rent for a few months and keep my eye out for something. A house is only worth what im willing to pay. If nothing turns up by end of may im going to get the hell out of this trampy country.
    why don't you buy gold?
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    chucky wrote: »
    why don't you buy gold?

    Or a tent? You'd be able to move whenever you liked then...
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • nembot
    nembot Posts: 1,234 Forumite
    Dan: wrote: »
    Where have you been for the 2.5 years? The correction has happened mate.

    The slight rises only happened due to intervention, it's not a normal cycle.

    But then I don't have a 150k mortgage to service, so it doesn't really matter which way prices go.

    10k left and the deeds will be in my hands :D
  • Pete111
    Pete111 Posts: 5,333 Forumite
    Mortgage-free Glee!
    camper_1982 wrote: »
    Well im so fuketd of with this country, im actually going to rent for a few months and keep my eye out for something. A house is only worth what im willing to pay. If nothing turns up by end of may im going to get the hell out of this trampy country.

    No

    A houses worth to you is what you are willing to pay

    A house is actually worth what someone is willing to pay

    P
    Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger
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