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Debate House Prices
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Rightmove: Buying Window is next 12-18 months
Comments
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chucknorris wrote: »In year one it merely has to look ok (because you know that rents will inflate but mortgage rates will merely fluctuate), why can't you understand that the performance of investment property improves over time?
Before anyone say 'but interest rates will increase from 0.5%' of course they will thats why I use a 6% rate in any appriasal, they will merely fluctuate from that level.
Rents are rising rapidly, so the investors of today will see improvements faster than they expected.“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 -
HAMISH_MCTAVISH wrote: »Rents are rising rapidly, so the investors of today will see improvements faster than they expected.
I am talking about over the long run when they tend to rise merely with inflation. Also they haven't so much risen rapidy as recovered from last years dip. But still good news of course for investors.
My wife and I wanted to view 2 houses this weekend in Harringey, but they have both just gone 'under offer'.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 -
Why not? 10 years ago, those lucky enough to be the right age/time could buy a nice semi/det in most areas of the UK on 18k. Why should they be not allowed to buy a home now?
In an ideal world they should. It obviously doesn`t often happen now. I think this is bad news. Others don`t seem to. We`re all different, I suppose.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
The_White_Horse wrote: »you could though, if it cost 55k.
That's true. But they don't though, do they? So, just to make my point again, if I earned £18k and was single, I wouldn't be thinking about buying a house.Why not? 10 years ago, those lucky enough to be the right age/time could buy a nice semi/det in most areas of the UK on 18k. Why should they be not allowed to buy a home now?
They are 'allowed' to anything they please. But if you earn considerably less than the average wage, and you're single, you can't really afford to buy a house. I'm not saying whether that's right, wrong, good or bad... it just is what it is.0 -
JonnyBravo wrote: »Seeing as wage inflation is what 1% that's not saying a lot is it?
I'm not seeing any rental inflation to speak of, mind I also didn't see the big crash in rents that supposedly happened.
Not saying it didn't, my sample is fairly small
, just passing on some anecdotal.
I know everyone loves it on here.
I didn't see any drop in rents either.
I also didn't increase my rents for three years.
I did increase them this summer though
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
the_flying_pig wrote: »But we mustn't forget that it's coming from the mouth of an estate agent. I'd instinctively look westwards if one of that lot told me that the sun was rising in the east...
You'd look west despite them telling a factual truth :shrug:
Would it not be better to take the information they say and assess for yourself if it has any merit or not?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
HAMISH_MCTAVISH wrote: »Rents are rising rapidly, so the investors of today will see improvements faster than they expected.
Rents aren't going anywhere but down, or is this a "round my way comment?"0 -
next twelve to eighteen months could provide a window for those who can
For 'window' read: plate glass
For 'those who can' read: pidgeons flying at high speed towards window0 -
PasturesNew wrote: »As a singleton, it is annoying how the cost of the land means you can only get a !!!!!! place for your money ... yet double would buy a mansion.
Imagine a life where you could never live in a nice place, but had to live in a 1-bed sh1thole forever, because you were useless and couldn't get a partner.
Singletons are back of the queue in everything.
Perhaps you should advertise for another singleton to join forces with, PN? 0 -
Seems to me that every so often there is a "last chance to get on the ladder" headline. The thing is, a while later another "last chance" comes along.
Yes, in a similar vein.... little over a year ago I thought that fixed rates were as low as they were going to get. And, now, they're even lower....0
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