We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Own a house - you're working for nothing.
des_cartes
Posts: 368 Forumite
http://www.telegraph.co.uk/finance/personalfinance/8092471/House-prices-drop-in-value-by-more-than-average-salary.html
It's the bricks and mortar cash machine in reverse. If you own a house in 2010, it is losing value faster than you can earn money.
It's the bricks and mortar cash machine in reverse. If you own a house in 2010, it is losing value faster than you can earn money.
0
Comments
-
des_cartes wrote: »http://www.telegraph.co.uk/finance/personalfinance/8092471/House-prices-drop-in-value-by-more-than-average-salary.html
It's the bricks and mortar cash machine in reverse. If you own a house in 2010, it is losing value faster than you can earn money.
Rubbish. Property in my area has increased in value.0 -
Not if you're earning more than the average salary.
0 -
Wonderful, I've been biding my time for long enough and have a healthy deposit saved, if things carry on I might just get a house bought after years of waiting.0
-
Rubbish. Property in my area has increased in value.
Might be an idea to phone all the newspapers, tv channels , economists and government spin who are not only reporting falls in house prices as normal and economically neccessary but are now talking the market down in expectation of further falls and tell them they are all wrong. Call yourself K.Canute when you do and they'll see the funny side.0 -
des_cartes wrote: »Might be an idea to phone all the newspapers, tv channels , economists and government spin who are not only reporting falls in house prices as normal and economically neccessary but are now talking the market down in expectation of further falls and tell them they are all wrong. Call yourself K.Canute when you do and they'll see the funny side.
I live in London. Its in its own world as regards house prices.0 -
-
Obviously depends on the area, my area (East Sussex county council) is at +7.4 YoY.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
-
pinkteapot wrote: »Not if you're earning more than the average salary.
No you are special, so special that the taxman has special ways coming up adding to the losses you will make on housing.0 -
Round my way, the average house price is now £20,000 higher than it was a year ago, £40,000 higher than it was at the start of 2007, and it reached a new all time peak this year.
You have a strange definition of "losing value".“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 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards