UK house prices face prolonged bear market

Really2

Graham_Devon wrote: »

I'm a charitable bloke, and could see you were in the need of some.

Nudge, nudge, wink, wink. Say no more.

Exocet

IveSeenTheLight wrote: »

I find it hard to compare the UK with Japan or Germany.
It's a bit like comparing apples with pears. there still both fruit but taste so much differently

Yes, but you wouldn't compare them to nuts or bacon for instance. So they are similar enough for a broad comparison. Both fruit. Now if you'd said apples and bananas, well a banana is a seed I think - so in a QI studenty nerd type of world that would be very different. I think if they are both in the same aisle at a supermarket then the comparison stands up. Where I shop the bananas are on the end, so people know they are not really the same - but apples and pears are very close. Obviously wouldn't get confused though, unless was in a hurry or drunk.

Same with the UK and Japan really.

Graham_Devon

I'm confused. Are we the pear, or the banana?!

Really2

Exocet wrote: »

Yes, but you wouldn't compare them to nuts or bacon for instance.

What about mixing them.

MiserlyMartin

IveSeenTheLight wrote: »

Time will tell if your decision proves to be a financially savvy one or not.
For you I hope it does, however it is quite a substantial risk / gambol.

Is your capitol interest covering the rent you must be paying?
If not, is it not costing you each month you have to rent?
If it is, it eases the burden, but the question then is have the property types that you are looking at in your local area increasing or decreasing.
On average in the last year house prices have been increasing, probably at a rate higher than what you are receiving in interest once rents etc are deducted.

I want to upsize. I have no mortgage. Prices are pretty static at the moment. There were some cheaper houses around in Jan 2009 this was the bottom of the big dip and in hindsight, could have been the time to buy in with good low offers as some did. But then prices were falling off a cliff and should have kept going to bring them down to true value had it not been for the foolish action by BoE with their printing money and silly low rates.

That time has gone, prices have risen a bit and those kind of low offers cannot be made anymore. We are back to madness, it will take the removal of the support and normal interest rates for the crash to resume. Such amazing price props and still only a modest rise. Think what is around the corner. In my situation I have no problem in waiting on trading up. With prices far too high still, I think the risks of a fall are far greater than the chance of 'losing out' if it doesn't.

RDB

Its obvious the bubble cant keep expanding like this for much longer.

nollag2006

RDB wrote: »

Its obvious the bubble cant keep expanding like this for much longer.

Do you mean the bubble on Gold prices or Silver prices ???

:rotfl::rotfl::rotfl:

Bubble burst on house prices in 2008, and has been recovering since early 2009. Pity you missed that...