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Debate House Prices
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Comments
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Blacklight wrote: »I hate to be the one to break it to you... but if the events of the last four years demonstrate anything it's that they do.
You must have been in a coma between November 2007 and April 2009.0 -
Graham_Devon wrote: »I think we all know rate rises are all but guarenteed at some point.
Yes, but will that be before BTLers are out of trouble? (and if so will it be by enough to get them in to trouble)0 -
You must have been in a coma between November 2007 and April 2009.
Then what happened? In case you missed it we've just had a twelve months of house price increases.
I note that your signature only takes into account movement in 2009. Perhaps you conveniently decided to draw the line at putting increases in?
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You must have been in a coma between November 2007 and April 2009.
I think with assets like houses and the general length of time people own them you need to look at longer time frames instead of homing in on a specific 2-year period.
5 year or even 10 year averages would be more appropriate?0 -
Blacklight wrote: »Then what happened? In case you missed it we've just had a twelve months of house price increases.
I note that your signature only takes into account movement in 2009. Perhaps you conveniently decided to draw the line at putting increases in?
they have increased since the middle of last year but firstly it's not back to peak prices and secondly there is a high chance of further significant falls.
As for the signature, house prices started to rise in 2009, if I had wanted to ge selective I would have chosen mid 2007 to early 2009.0 -
they have increased since the middle of last year but firstly it's not back to peak prices and secondly there is a high chance of further significant falls.
As for the signature, house prices started to rise in 2009, if I had wanted to ge selective I would have chosen mid 2007 to early 2009.
According to some yes.
But according to others we are going to see stagnation followed by lots of mid term growth. Or even (in some areas) just growth.
Either way I wouldn't like to hang my hat on it, nor try to use such supposition to deny that historically over a period measured in decades rather than months, house prices do only go one way...Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
As we have been told repeatedly, the buy to let market has been proping up the property market as house prices soar far beyond the means of home owners. It is becoming increasingly clear however that the buy let market is now in deep doodoos:
Explain how BTL are in deep doodoos but those who bought and have suffered lower income due to credit crunch are not in deep doodoos.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
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Either way I wouldn't like to hang my hat on it, nor try to use such supposition to deny that historically over a period measured in decades rather than months, house prices do only go one way...
I agree that over the recent past, measured over the long-term, houses have increased significantly in value.
The problem is the word significantly. Property has inflated at such an insane level over the last 40 years that it is just unsustainable and has nowhere else to run.
We've had reckless levels of lending and now recklessly low interest rates. 2007 was the peak for property over the next 10 to 20 years in real terms. Prices have been stabilised but only thanks to unprecedented measures that cannot be sustained.
Anyone expecting house prices to double over the next 10 years in real terms is in for a shock.0 -
Graham_Devon wrote: »I think we all know rate rises are all but guarenteed at some point.
I can accept that the BoE base rate will increase, there's not much scope to go the other way.
Are you presumptious enough to gaurantee that the margin between the BoE base rate and mortgage rates will remain as the base rate increases?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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