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Debate House Prices
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The property boom is well underway now.
Comments
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Not that I need to explain anything to you as no doubt, as is your way, will read into it what you will. It`s this endless one way deal that certain people argue when it comes to house price inflation. As if house prices are decoupled from the wider economy. I don`t think so.
You haven't asnwered my question. Why do you want to dissuade people from talking about house price increases on public forums?"I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
We got into the last credit crunch pickle by the media and ourselves hyping everyone about never-ending housing market bonanza. So I for one can understand cautionary voices wanting to be heard whenever the hype re-starts.
There is no 'natural' reason why living space should become permanently more expensive over time. Developed countries with less land build high quality stuff upwards.0 -
The crowning glory is an emergency interest of 0.5% and all you lot talk about HPI. What really is your problem?
That's kind of the point of the forum.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
HAMISH_MCTAVISH wrote: »
For example the house I bought in 1990 has appreciated by 400%. If I had waited a few years, and got it for 10% less, my gain would be more like 410%. But I'd have to offset the few years rent costs against the extra 10%.
<A pedant speaks>
Assuming you mean that your house is now worth 5 times what you paid for it, i.e. X + 400%.
If you paid 10% less originally then your percentage gain now would be around 445%. That's before allowing for reduced interest costs over the life of the mortgage.What goes around - comes around0 -
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I think the affect of TV programs on house prices is vastly over estimated by a lot of people on hear and as to the effect of ramping on here well!We got into the last credit crunch pickle by the media and ourselves hyping everyone about never-ending housing market bonanza. So I for one can understand cautionary voices wanting to be heard whenever the hype re-starts.
There is no 'natural' reason why living space should become permanently more expensive over time. Developed countries with less land build high quality stuff upwards.
I can see the headline Hamish say house prices are rising what’s the response everybody rushes out to buy a house or who the hell is Hamish0 -
I didn`t make myself clear. I apologise. What I mean to say is why, day after day, folk are still talking about the housing market taking off again. Why would they want it to?
Where I am standing, the out of control HPI played a large contribution to where we are today. For me my house rose in price by over 300%. How has that helped me? It`s the same house.
Down side. Like many I am worried about the future of my business/ job. My pensions and investments have had a poor ride during the last decade. I am losing £1,000`s a year by getting next to no interest. I, in part, put this down to the effect of the rampant housing market. So, if you care to, someone please explain to me why I should want to see a rising housing market for the time being.0 -
Down side. Like many I am worried about the future of my business/ job. My pensions and investments have had a poor ride during the last decade. I am losing £1,000`s a year by getting next to no interest. I, in part, put this down to the effect of the rampant housing market. So, if you care to, someone please explain to me why I should want to see a rising housing market for the time being.
Then again you need to compare it to next to no inflation
'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 -
Spotted the smiley Steve. Council tax up 3%, petrol about to hit £1.20p a litre......0
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Spotted the smiley Steve. Council tax up 3%, petrol about to hit £1.20p a litre......
Get some Shell/BP shares then, as for council tax my rise is 2.4% my cash ISA accounts pay between 3.5% and 6.5% :beer:'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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