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Debate House Prices


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Express - HOUSE PRICES SET TO SOAR

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wymondham wrote: »
    My gut feeling is house prices will bomb after the election - no links or proof, just a gut feeling!

    And if they don't?

    What will be the next thing "just around the corner" that will make house prices "bomb"?
    “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”
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wymondham wrote: »
    My gut feeling is house prices will bomb after the election - no links or proof, just a gut feeling!

    What was your gut feeling in Feb 2009?
    '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 Thatcher
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    edited 3 May 2010 at 10:40AM
    And if they don't?

    What will be the next thing "just around the corner" that will make house prices "bomb"?

    I cant see how they can rise in times of austerity when taxes rise and incomes stuggle (if you have any)....... I always thought house prices reflected the economy - boom in the good years etc????

    We're coming into unchartered territory (in recent history) - very few will have witnessed the cuts and taxation about to hit us.....
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    StevieJ wrote: »
    What was your gut feeling in Feb 2009?

    I thought they would go down
  • brit1234
    brit1234 Posts: 5,385 Forumite
    It's the CEBR, claiming 5% rises this year, 3.4% next year and 9% in 2012.... And I rather suspect they put a bit more research into it than the Express headline writers.;)


    Unlikely it is the CEBR after all, a property developer lobby organisation. The only thing they did more was take more money fro BARRATTS Homes and TAYLOR WIMPY.

    Like the bit where the article turns negative land registry monthly figures into rising figures.:naughty:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    wymondham wrote: »
    I thought they would go down

    Thanks, I like to have at least a cursory look at the form guide before I back the horse icon7.gif

    That reminds me where is that Julie women with her tips for Chester this week?
    '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 Thatcher
  • abaxas
    abaxas Posts: 4,141 Forumite
    Great news.

    Just how exactly are these houses going to be sold is no-one can afford them?
  • boomerangs
    boomerangs Posts: 284 Forumite
    This ain't news. Even during the 1st stage of the crash the 2 rags, The Daily Mail/express were predicting house price rises on a weekly basis.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    boomerangs wrote: »
    This ain't news. .

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    “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”
  • RedSoleShoes
    RedSoleShoes Posts: 456 Forumite
    Emy1501 wrote: »
    Of course homeowners will be able to take comfort from the fact their house is worth X. The fact they cant actually sell them will be seen as irrelevant!

    Forgive me if I am wrong, but you sound like a bitter tenant who cannot afford to buy their own place!
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