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Debate House Prices
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House prices down 0.9% Nationwide report out
Comments
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woops hamishreduceditem wrote: »Let battle commence!0 -
HAMISH_MCTAVISH wrote: »Given that I predicted several months of falls this year on the 2010 predictions thread, I'm actually right.
Hamish, all I ask of you is for 6 numbers. The numbers for next weeks Lotto draw (I don`t own a very large house, or houses, so it`s my only hope).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
With the RPI at about 5%, stagnant is a pretty mediocre return on an investment. .
Not when you also include the realised or imputed rent.“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, all I ask of you is for 6 numbers. The numbers for next weeks Lotto draw (I don`t own a very large house, or houses, so it`s my only hope).
Mate, if I knew those, I'd be typing from a sun lounger on a beach, instead of a cold and grey Aberdeen this morning.:D“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 -
Just watched the BBC Brekfast News headlines at 8AM.
No mention of the Nationwide report whatsoever. They nearly always had someone from Nationwide as a guest to report the results, or at least mentioned them. Not a peep this morning, something about miselling by energy companies.
I think the BEEB are missing a trick here. This could be good news for potential FTB`ers. Why aren`t the BEEB making this public ? They should be shouting from the rooftops "Property going cheap !", that might encourage a few more folk to "get on the ladder".
Mind you, they`ve probably seen the accident claims ads, where the bloke slips off the ladder, so they don`t want to end up in court.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »Mate, if I knew those, I'd be typing from a sun lounger on a beach, instead of a cold and grey Aberdeen this morning.:D
Sunny down here, and property is relatively cheap. You can keep Aberdeen !
Anyway, with all that equity you`ve got in your house, you`ll soon be able to "cash in", surely ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »Not when you also include the realised or imputed rent.
What does a UK house yield right now? 3-3.5%.0 -
Sunny down here, and property is relatively cheap. You can keep Aberdeen !
Property is relatively cheap up here, and incomes relatively high.
But the weather is really crap much of the time.Anyway, with all that equity you`ve got in your house, you`ll soon be able to "cash in", surely ?
One house is now mortgage free, the other has a small mortgage of around 1.5 times joint left on it.
But that is the plan in another decade or so, sell up both and move somewhere warm and cheap.“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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