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Debate House Prices
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BBC blog - Politician says lowering prices is "politcal suicide"
Comments
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<First bit deleted as no longer relevant reply to somebody else's post that they have since deleted.>
PS I'm not buying that house after all - I couldn't get planning permission for the extension I wanted to do. So I am back to waiting!Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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Sorry Lydia - I thought I'd deleted it before anyone read it.I did a favour for some elderly neighbours a couple of weeks ago. My forearms have only just about stopped aching... trimming their hedge. Elderly but still alert of mind. I was moaning about house prices (they bought for £3,000) and saying they are unaffordable, but they both thought the market had fallen to bottom. Slightly detected some resistance and distaste to the idea of their house falling further in value. They are nice people but it still got on my nerves a bit.
Their house is paid off, they can live in until they die/circumstances change, and pass it on to their children - as a house. If it fell 50% in value, it shouldn't matter to any beneficiaries if they themselves plan to live in the house as a home. Or if they wanted to sell it and put the money towards buying a better house, as those houses would have fallen in value too. The only downside is if the beneficiaries just wanted to sell it and spend on other stuff - like cars, holidays, because you'd get less money for your spending spree / or less likely, to put into financial savings. Still it's housing, and not a cash generator. Go make your money elsewhere.0 -
PS I'm not buying that house after all - I couldn't get planning permission for the extension I wanted to do. So I am back to waiting!
a) My money is on nursing home care falling in price - but I won't get into that discussion with you on this thread.
b) With my honest belief you'll find a better value home for your money which doesn't require extension ect - I have to confess to not being displeased they you're not proceeding. Also the possible indication of subsidence issues concerned me - in case it was major.
However, I'd imagine that you might be feeling a bit down about it falling through because of extension permission issue, after your plans, survey, money spent, hopes of readying to buy a home of your own for you and your kids - and I do sympathise if you do feel down about it falling though on those reasons.0 -
With my honest belief you'll find a better value home for your money which doesn't require extension ect - I have to confess to not being displeased they you're not proceeding. Also the possible indication of subsidence issues concerned me - in case it was major.
However, I'd imagine that you might be feeling a bit down about it falling through because of extension permission issue, after your plans, survey, money spent, hopes of readying to buy a home of your own for you and your kids - and I do sympathise if you do feel down about it falling though on those reasons.
Thank you. I thought you'd feel like that - that's why I told you about it.
I was fed up when I read the email, but I'm now feeling sanguine about it. The first three houses that fell through each made me feel as if there couldn't possibly be another one, but actually there was. Now the 4th one has fallen through, I'm confident that sooner or later there will be a 5th one. (Or just possibly the owners of the second one may reduce its price to what I consider to be reasonable.
)
I've worked out I can leave my house savings intact and still afford the rent on my current house (even without the maintenance I used to get from late-nearly-ex) if I relax a bit about my kids' pensions. They get them until they turn 23, but while they are little, the money comes to me and I'm entitled to choose how much to save on their behalf and how much to spend on bringing them up. I was intending to save it all for their futures, but if a few months of it go towards the rent I need to pay to keep a roof over their heads, then fine. I'll start putting their pensions into "saving for university or equivalent" accounts once I've bought a house. I'd rather do that than jump too quickly into buying the wrong house when volumes are very low, just because my initial survivor's pension (ie lots of money for the first 6 months after a death in service) runs out next month.
I'm still intending to buy as soon as a house I really like becomes available at a price my friendly surveyor doesn't think is a rip-off, though. At the moment the market in my town is dead and there are almost no houses available of the sort of size I'm looking for. In fact there's only one house on the market that ticks my boxes in my preferred school catchment, and its price is silly, so I'm waiting.
Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
Turnbull2000 wrote: »
I wonder how many houses the MP owns0 -
Its simple enough. Buy a property rent it out and make profit on rent its an investment.
Buy a property live in it, or rent it out without a rent profit it is not an investment.
Simple really, the return on (live in) property investment is no rent in middle/later life and retirement. So along with a pension, Isa's and other investments not to be a burden on the state (although will still expect those enhanced tax reliefs
), and of course to pass on some assets to the next generation. '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 -
So, lets get this right, the banks will shrink margins (implicit here that there is decreasing risk of default on low deposits) in a rising interest rate environment, WHY exactly?
Groundhog Day '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 -
!!!!!!_face wrote: »Younger people and homebuyers who have come late to the debauched "party" just want a fair bite of the cherry, but some people have already scoffed the whole damn bunch.
l come to pass?
The trouble with your argument is that it is not the people who have benefited, if there is such a thing from HPI, that will suffer if house prices crash but the younger people who have struggled and bought in the last few years.0 -
So, lets get this right, the banks will shrink margins (implicit here that there is decreasing risk of default on low deposits) in a rising interest rate environment, WHY exactly?
Surely it’s a balancing act, with interest rates falling a bank can increase its margins knowing that borrowers can afford and will pay the increased margins. If interest rates rise it will be in the banks interest to keep margins at a rate that does not cause to many people to default.0 -
Surely it’s a balancing act, with interest rates falling a bank can increase its margins knowing that borrowers can afford and will pay the increased margins. If interest rates rise it will be in the banks interest to keep margins at a rate that does not cause to many people to default.
Margins rose to cover the increase in risk, not to increase profits....0
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