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Debate House Prices
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Land Registry up 0.4%
Comments
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chucknorris wrote: »I've just been looking at the BTL mortgages available, wow what a horror show! I haven't been looking long but I couldn't force myself to pay any of the rates I have seen so far, ie best at around 3.5% over base trackers, ok they are ok now but I prefer to look long (not short) term. Has anyone seen any decent BTL mortgages? I'm not interested in short term discounted mortgages I am only interested in the med-long term deals
I don't think it really matters. The amount you pay to service the debt will be far below the amount you'll be getting in rent.
In the event that rates rise, rents will rise to cover it.0 -
Blacklight wrote: »In the event that rates rise, rents will rise to cover it.
Rents are rising already.
They'll just rise further and faster when rates rise.“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 already.
They'll just rise further and faster when rates rise.
I was thinking the other day how long some people have sat back and watched and waited for prices to fall and what the cost of doing that has been.
It's almost 2011 (sorry, xmas stuff will be in the shops next month!) and there are a few people who would have been renting for an extra five years by then just to see maybe 10-15% off peak prices.
That FIVE YEARS of rent money down the drain and five years longer it's going to take to pay off your mortgage when you do finally buy.0 -
Blacklight wrote: »
It's almost 2011 (sorry, xmas stuff will be in the shops next month!)
It already is! Saw someone on the news blathering on about it last night.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Blacklight wrote: »It's almost 2011 (sorry, xmas ........
Sorry missed that.
Is someone predicting vast decreases in house prices by Christmas 2011?
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Blacklight wrote: »I was thinking the other day how long some people have sat back and watched and waited for prices to fall and what the cost of doing that has been.
It's almost 2011 (sorry, xmas stuff will be in the shops next month!) and there are a few people who would have been renting for an extra five years by then just to see maybe 10-15% off peak prices.
That FIVE YEARS of rent money down the drain and five years longer it's going to take to pay off your mortgage when you do finally buy.
I know, it's most bizarre.
The poor saps put their life on hold and dealt with the waste of time and money that is renting for half a decade. Only to see prices still up significantly since then after the biggest crash in history.“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 -
Did Dirk Desperate Bumper miss this thread.;)0
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HAMISH_MCTAVISH wrote: »I know, it's most bizarre.
The poor saps put their life on hold and dealt with the waste of time and money that is renting for half a decade. Only to see prices still up significantly since then after the biggest crash in history.
Though an 8% fall between now and end of 2011 is predicted
Ignorance, I must admit though, is indeed, bliss.0 -
Round my way:
Going with July 08 being the peak at so call it 100%
July 08 100%
July 09 83.6%
July 10 84%
It does appear there was a rise but its started to fall again in June so there might be further falls.
I do believe all the talk of averages means nothing, all I am looking at now is what is happening near me. I need a little longer to get my desposit together so them staying reasonably still is fine with me. Another crash would be great for me buying, but I am happy to buy at the current rates and just don't want them to rocket again.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Round my way:
Going with July 08 being the peak at so call it 100%
July 08 100%
July 09 83.6%
July 10 84%
.
Which area and index, or is this just anecdotal property bee observations....“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
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