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Debate House Prices
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House Prices Heading up not down
Comments
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Thanks for the tip. All I need now is a time machine. I jest of course. If you can predict interest rates for 7 years Hamish then I take my hat off to you.HAMISH_MCTAVISH wrote: »Nah, just a reminder that the ticket price is only half the cost of buying.
And with interest rates likely to be at record lows from late 2007 until 2014 or 2015, then 2005-2008 may well end up being a once in a lifetime opportunity to buy.0 -
HAMISH_MCTAVISH wrote: »end up being a once in a lifetime opportunity to buy.
Then damn well buy.0 -
Graham_Devon wrote: »Then damn well buy.
Already did, thanks.“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 -
He's still at it - does he not have any other job???
Correcting your misinformation is enought to keep anyone busy..“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 -
Ha ha.... brilliant.... it seems as if it irks carolt somewhat if her thread is lower down the main page than this one......
oh.... whoops.....0 -
HAMISH_MCTAVISH wrote: »False.
We define afforability by the total costs involved in buying a house.
The ticket price is only half that cost.
It is obvious to even an idiot that a 200K mortgage at 5% interest is more affordable than a 100K mortgage at 15% interest.
Yet the multiples which bears claim are "sensible", were set during the three decades of the highest interest rates in history.
The multiples the bulls advocate are based on the long term average interest rate.
Like graham says how do you know what the interest rates are going to be for the life of a mortgage?
I cant believe you are actually espousing the fact that low prices are bad as fewer people will be able to buy.
Even if that is true, its better for the few buying you'd concede, surely?
Why don't you just take a 2 year mortgage term to improve affordability even further? Oh yeah cos it's just plain rubbish.0 -
JonnyBravo wrote: »Ha ha.... brilliant.... it seems as if it irks carolt somewhat if her thread is lower down the main page than this one......
oh.... whoops.....
To quote carolt thenBump. ............
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
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And this months Halifax shows prices rising by 0.6%.
Uh Oh, did I bump this thread?“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 -
I think if we all just agree that prices are in fact going down now we have a very good chance of making Graham's head explode.0
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