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Debate House Prices
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Express - HOUSE PRICES SET TO SOAR
Comments
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HAMISH_MCTAVISH wrote: »And in the same breath, he talks about interest rates staying ultra-low for up to 4 years. Which would support housing.
From the Times.
So the rising rates argument that is the main plank of the uber-bears argument is removed?
The other issue is unemployment levels. Likely to rise in the short-term after the GE. Then what?In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
i didn't know wages were continuing to fall - they increased at about 2% in 2009.
But house prices went up 10%...you do the maths Chucky.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
HAMISH_MCTAVISH wrote: »And in the same breath, he talks about interest rates staying ultra-low for up to 4 years. Which would support housing.;)
Which doesn't help savings that people use to buy a house.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
AbbieCadabra wrote: »so where do these figures for wages increasing come from? i see 'average' this & that being quoted all over the place, but they are nothing like any figures i'm personally aware of.
Why do you need wage increases? I don't recall wages rising 10-20% pa during the last boom. Prices can rise based on the ultra low rates we'll like experience for the next 5-7 years, looser affordability criteria, 100% mortgages and increased shared-ownership. The political pressure to encourage shared-ownership is already strong. You can guarantee 100% mortgages will return soon following government, regulatory and industry pressure - all in the name of 'helping' first-time buyers.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
From the Times.
So the rising rates argument that is the main plank of the uber-bears argument is removed?
Absolutely.The other issue is unemployment levels. Likely to rise in the short-term after the GE. Then what?
Unemployment rose all last year, as did house prices.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I don't think the 30% increase implies many people will be buying. It's more that those who have already bought can strap themselves in and enjoy the ride to the top of the roller coaster. Except that this roller coaster just has one direction - up, up, up. To be honest, as a homeowner, I am unable to see a downside, and as my house now earns more than I do I am tempted to give up work.Which doesn't help savings that people use to buy a house.
Funny thing is, I only bought it as a home, and now I can see it's my pension, my nursing home, and eventually my childrens inheritance. Then they might be able to buy one of their own, although they would have to share it of course, because by then they will be so expensive only the Queen will be able to afford one.0 -
and house prices went down 15% the year before...
b*llocks.....house prices have out risen wages
And if they continue to do so.....people will be sat in their million pound house's wondering why they can't sell it.
People renting won't be able to afford the rent as BTL landlords raise their rent.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
I don't think the 30% increase implies many people will be buying. It's more that those who have already bought can strap themselves in and enjoy the ride to the top of the roller coaster. Except that this roller coaster just has one direction - up, up, up. To be honest, as a homeowner, I am unable to see a downside, and as my house now earns more than I do I am tempted to give up work.
Funny thing is, I only bought it as a home, and now I can see it's my pension, my nursing home, and eventually my childrens inheritance. Then they might be able to buy one of their own, although they would have to share it of course, because by then they will be so expensive only the Queen will be able to afford one.
Only works if you can sell it.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Which doesn't help savings that people use to buy a house.
:rotfl:
The interest you can get over the course of a few years saving for a deposit is paltry.
The average FTB property is around 100K. Saving a 10K to 25K deposit over 3 or 4 years, you'll get very little from interest, even at 5%.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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