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Debate House Prices
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UK Residential Property looks "over-valued"

mr_fishbulb
Posts: 5,224 Forumite

City AM Editor's Letter this morning
We can all cherry-pick our quotesIn some cases, markets have fallen too far, triggering buying opportunities. The S&P 500 rose slightly last night after paring losses late in the session as investors bought beaten-down shares. But other assets look over-valued again, including UK residential property, and there is far too much dodgy sovereign debt around

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Comments
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UK property has probably been expensive or even over-valued for the last 10-15 years.
that doesn't mean that people can't afford to buy it and won't continue to buy it before any other asset class.0 -
UK property has probably been expensive or even over-valued for the last 10-15 years.
that doesn't mean that people can't afford to buy it and won't continue to buy it before any other asset class.
As Mr Keynes said, "Markets can remain irrational longer than you can remain solvent" (he made, lost and remade a fortune in the Gilt* markets).
He was clearly a bright lad as on his death bed he was asked if he had any regrets. "I wish I'd drunk more champagne" was his response.0 -
mr_fishbulb wrote: »
We can all cherry-pick our quotes
It will all be okay thenwith agreed haircutsNot Again0 -
The underwriters of the mortgage we have been trying to secure think the same!
Actually they think the house we want is worth more than we are paying for it......but, confusingly, that noone will be able/want to buy it should they need to sell it.0 -
lostinrates wrote: »The underwriters of the mortgage we have been trying to secure think the same!
Actually they think the house we want is worth more than we are paying for it......but, confusingly, that noone will be able/want to buy it should they need to sell it.0
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