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Debate House Prices
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It can make a lot of sense to buy now.
Comments
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You have to remember that all HPI cheerleaders are debt-junkies.
So to them, the more they have to borrow to buy a house, the richer they feel.
I know, I know it's ridiculous, but that's the way they think.
Absolute B0llocks!!!!!!
Your right your statement is rediculous.
I realise the house rise in prices.
You presume incorrectly that I am a debt junkie, indeed the reverse.
I saw the light when it came to overpaying my mortgage and the saving that can be made.
One thing for sure in an inflating commodity.
The earlier you jump on to the commodity, the better you are in the long run.
P.S. Don't come flapping about the next generation issues either. they've been knocked down before and they'll be knocked down again.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Blacklight wrote: »Apart from during the five year fixed term you will have paid off about £15k of the debt thus lowering the repayments when your fixed term ends, enjoyed your own home for five years and not wasted £35,000 in rent...
:doh:
Considerably less than £15k of capital repayments in the first 5 years I would have thought.0 -
Blacklight wrote: »Apart from during the five year fixed term you will have paid off about £15k of the debt thus lowering the repayments when your fixed term ends, enjoyed your own home for five years and not wasted £35,000 in rent...
Which just leaves you in 5k negative equity. Though I think you are being overly optimistic on the 15k too. Think you will find you will have paid off far less than that in 5 years.
Brrrrr-illiant.
Your theory was nice, but not thought out. It is still far cheaper buying at 80k and paying 7% than it is buying at 100k and paying 5%....let alone less risky, plus your deposit will be a larger percentage, giving youa lower LTV etc etc etc.... you do of course need to look past the mortgage amount each month to figure this out.0 -
I'd far rather owe £50k @ 10% interest rather than £100k @ 5%...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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Thats what you would have said in 1979. By 1981, from being the Eurpean basket case, we had yuppies and loadsamoney.
It's all to easy to overdo negativity.
Not quite, more like Loadsariots :eek:'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 -
neverdespairgirl wrote: »I'd far rather owe £50k @ 10% interest rather than £100k @ 5%
What if we change that slightly, 50k at 15% or 100k at 1.45%?'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 -
for property to drop 20% it needed banks collapsing, stock markets crashing, insurance companies being bailed out, global liquidity markets closing down, trillions of $$$ of wealth destruction etc etcGraham_Devon wrote: »Your theory was nice, but not thought out. It is still far cheaper buying at 80k and paying 7% than it is buying at 100k and paying 5%....
20% drops in nominal terms ain't happening again...0 -
for property to drop 20% it needed banks collapsing, stock markets crashing, insurance companies being bailed out, global liquidity markets closing down, trillions of $$$ of wealth destruction etc etc
20% drops in nominal terms ain't happening again...
Why you quoting me? Quote blacklight who originally bought it up for comparison to make his non-sensical point.
I'm merely discussing his point and nothing more.
Oh I get it...I made a decent point, so you have to find something, anything to try and knock it
As I said earlier when you did this on another thread, knock yerself out. Points made.0 -
don't worry i'll PM Martin Lewis right now to let him know that you're non-sensical points shouldn't be quoted by anyone.Graham_Devon wrote: »Why you quoting me? Quote blacklight who originally bought it up for comparison to make his non-sensical point.0 -
A sensible post.
To be clear though, I'm not really expecting rises, I'm saying prices will not have fallen 1 year from now.
There won't be a better time to buy than now, going forwards, as you rightly point out there are more sellers than buyers and lots of gloom around but that can and probably will turn around quickly - I'm minded of the dozens of time we're told people have stopped shopping, only for 'surprise' retail sales rises to feature 3 months later.
Great time to get in and secure a DECENT property that simply may not be available to you in the near future, plus you can fix at lower rates now.
Bit too early for me it seems. At the moment sellers are still looking for high prices and feeling the poor market is due to the budget world cup etc. Over the next month or so it will down to the school holidays or anything other than the market maybe turning. By Sept, October though those who need to sell are more likely to come to terms with low offers etc.
As you say market is unlikely to go anywhere over the next year or so so as long as one get in before the spring of next year there should not be a problem.0
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