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Debate House Prices
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OBR – House prices to rise further 22% by 2014
Comments
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In the area that I wanted to buy (Tottenham Hale) you can't get anywhere near 30% off peak prices, it's currently about 90% of peak prices for a 3 bed victorian house. I would probably buy at the rate of discount that you are talking about, but it isn't anywhere near as low as that.Sure but prices are driven up my demand.
Theres a couple of absolute bargains on the market in my town. 3 bed semis with 2/3 reception rooms, about 30% cheaper than they sold for in 2007.... yet there are no takers whatsoever...
I take all these stats with a pinch of salt.
The fact remains there is property that cant shift despite being considerably cheaper than it would have sold for 2 years ago.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Theres a couple of absolute bargains on the market in my town. 3 bed semis with 2/3 reception rooms, about 30% cheaper than they sold for in 2007.... yet there are no takers whatsoever...
kriss, where is this area.
You're saying above that there are 'absolute bargains' 30% off 2007 which are not moving yet below you say you and your friends are better off individuals but can't affordTake a look around- me and my friends represent some of the better off individuals in our demograph (late 20s) yet none of us will be able to afford a nice family home for many, many years.
It seems a contridiction, your better off for your demograph, but still cannot afford the 'absolute bargains' that are there
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
chucknorris wrote: »In the area that I wanted to buy (Tottenham Hale) you can't get anywhere near 30% off peak prices, it's currently about 90% of peak prices for a 3 bed victorian house. I would probably buy at the rate of discount that you are talking about, but it isn't anywhere near as low as that.
Are they selling? Lovely area, Tottenham Hale...0 -
Are they selling? Lovely area, Tottenham Hale...
It isn't a lovely area at all, but it is being regenerated and will be an ok reasonable area in about 6-7 years. Mostly my properties are in Battersea which is a nice area.
I missed a one in the same street that we already own one in, which was a bit annoying as it was the same estate agent that we bought through (Winkworth) who I had told I was definitely in the market for another house in that street. They didn't do the vendor any favours because we would have definitely have put an offer in, but that was about 18 months ago and they have gone up 10% since then.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
if properties are selling at 90% of peak in an area that "isn't a lovely area" - i wonder what percentage of peak are houses selling in nice areas.chucknorris wrote: »It isn't a lovely area at all
i'll leave it there :eek::)0 -
The OBR look a bit silly really, don't they?
I mean !!!!!!....0 -
How anyone can think prices will rise is totally mad.0
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I can't say I share their optimism. Where do they see this 22% of growth coming from exactly? We'd be lucky to be where are now by 2014 with the cuts about to come.0
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The OBR will never predict a downturn in house prices. They are a government body and are not in the business of knocking confidence in the housing market.
Ummm, that's not what all the bears have been saying for the last couple of years......
"Just wait til the Tories get in" they said.
"They'll want to crash the market as soon as possible, so they can have a recovery in time for the next election" they said.
Well the Tories are in, and the new independant body they set up is forecasting 22% rises in the next 4 years.:cool:“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 -
Yeah, everything is going to be rosy innit?
:beer:0
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