MSE News: Halifax - House prices rebound after fall

JonnyBravo

chucky wrote: »

what a coincidence that so many of these 'bearish' types on this site hold these 80% cash deposits for their houses in gold or a foreign currency. :eek:

i think you're telling lies :T

houses are expensive - get over it.

I like his extremely interesting signature



Status: Completely Debt Free
Saving for: A house!
Current Deposit: Undisclosed



Fascinating!

Graham_Devon

JonnyBravo wrote: »

Of course it's harder if you're paying rent.

"40% of first-time buyers will live with parents before they buy a property in order to save money"

from http://www.moneymarketing.co.uk/first-time-buyers-expect-parental-assistance/127725.article

So a minority yes but a sizeable one.

This could go round in circles as I'm sure you will appriciate.

60% don't live with parents. Not that that really matters. IMO, a lot of people would find saving £500 each month extremely difficult.

JonnyBravo

Graham_Devon wrote: »

This could go round in circles as I'm sure you will appriciate.

60% don't live with parents. Not that that really matters. IMO, a lot of people would find saving £500 each month extremely difficult.

I'm not sure we're disagreeing, but the nub of the issue that follows this is all that matters.
I believe that if enough people can't save enough for the deposits then prices will come down. I see no problem with that. Market forces an' all that.
Of course many then say "the market is manipulated". Well maybe it is and maybe it isn't depending on ones definition, but even if "with manipulation" enough people can't afford their deposits then prices will come down.
If enough people can afford them, they won't!

IveSeenTheLight

Graham_Devon wrote: »

This could go round in circles as I'm sure you will appriciate.

60% don't live with parents. Not that that really matters. IMO, a lot of people would find saving £500 each month extremely difficult.

Yes we could go round in circles.
Pitch in the dual income part again and each now only has to save £250 per month.
That's £40 - £50 per week
Drop down a brand level at the supermarket, cut back on takaways, hang the washing out to dry instead of using the tumble drier, read a book instead of watching the telly, walk to the shops instead of taking the car, make your own lunch, put on an extra layer before turning the heating up, set yourself a strict budget and stick to it. etc etc etc.
Set yourself a challange of spending as little as you can each day and you'll be amazed how much and how quickly you can save.

Look after the pennies and the pounds will take care of themselves.

Graham_Devon

I don't disagree ISTL, but how does reading a book instead of watching TV save you money!?

System

Graham_Devon wrote: »

I don't disagree ISTL, but how does reading a book instead of watching TV save you money!?

Electricity, less batteries to put in the remote, erm....

IveSeenTheLight

Joeskeppi wrote: »

Electricity, less batteries to put in the remote, erm....

Just in case he thinks it costs more to buy a book than saved on electricity and batteries, there are wonderful places called libraries.

Just remember to walk there instead of taking the car / bus

Graham_Devon

Joeskeppi wrote: »

Electricity, less batteries to put in the remote, erm....

I did think of electricity, but thought nah, that's way to extreme! That really is getting down to saving 1p by missing a decent programme!

ISTL, you a scot?

IveSeenTheLight

Graham_Devon wrote: »

I did think of electricity, but thought nah, that's way to extreme! That really is getting down to saving 1p by missing a decent programme!

ISTL, you a scot?

Yes I am a Scot, and an Aberdonian :eek:
you know we invented copper wire by figting over a 1p piece (until it was stratched into copper wire)

The point is however your limits or extremes, that a change in the way you live your life can lead to a vast difference in the amount you can save.

How about exchanging the telly since your appear to be a couch potato for having a 3 minute shower instead of 10 minutes. that'll save you loads more than only 1p

Eton_Rifle

Graham_Devon wrote: »

I don't disagree ISTL, but how does reading a book instead of watching TV save you money!?

You're not seeing adverts or watching lifestyles that stimulate your spending.

If you don't see it, you don't want it.