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Debate House Prices


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Why are posters so Obsessed with House Prices?

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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Malcolm. wrote: »
    It sounded like nearlynew intended to draw a giant knob on Graham's forehead.
    why can't it be a small knob?
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    chucky wrote: »
    why can't it be a small knob?

    Graham's wife might get confused.

    edit: queue Exocet's intervention to protect one of his flock!
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    It clould have be an erect knob.


    But I don't like inflation.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • rumbaba
    rumbaba Posts: 132 Forumite
    Back to the original question.................the reason people on here are so obsessed with house prices is similar to those who are on diets who can't have the food they want, so they obsess about it night and day. They become obsessed to the point of madness.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Malcolm. wrote: »
    I believe it's possible to mortage against the rise in property price, thus benefiting from the current paper profit without having to sell.

    No, that's borrowng against hoped-for future profit.
    ...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'.
  • carolt
    carolt Posts: 8,531 Forumite
    rumbaba wrote: »
    Back to the original question.................the reason people on here are so obsessed with house prices is similar to those who are on diets who can't have the food they want, so they obsess about it night and day. They become obsessed to the point of madness.

    Is that why you post on here under at least 5 different names? All food related?

    Just wondering. :)
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    neverdespairgirl wrote: »
    No, that's borrowng against hoped-for future profit.

    No, nembot said profit, this includes both realised and unrealised profit.
  • Procrastinator333
    Procrastinator333 Posts: 1,694 Forumite
    borntobefree wrote: »
    I have never understood why the posters on this board and HPC are so obsessed with house prices, since the "actual cost" of a home is only a percentage of the total real cost.

    For Example

    Cost of house 200,000
    int at 5% 25yrs 150,754
    Total Cost of home £350,754


    Cost of home 200,000
    int at 2% 25 yrs 54,313
    Total cost of home £254,313


    Saving £96,441 from LOW INTEREST RATES!

    http://www.guardian.co.uk/money/mortgage-calculator

    Interest rates have never been so low! Why are you all so obsessed with house prices?

    Imo interest rates can really only be a win win for today's procrastinating FTB. One of 2 things will happen.

    1) They stay at these low rates and when the FTB is ready and has a suitable deposit they will get a decent rate.

    2) They rise and house prices take a battering.

    I think 1 is far more likely, but either way :beer: for the FTB.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Malcolm. wrote: »
    No, nembot said profit, this includes both realised and unrealised profit.

    Leveraging against unrealised profit is the classic way of going bust if you get the timing wrong. ;)
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    Thrugelmir wrote: »
    Leveraging against unrealised profit is the classic way of going bust if you get the timing wrong. ;)

    Very good. I completely agree. :beer:
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