Debate House Prices
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The graph that house buyers have been waiting for

macaque_2
Posts: 2,439 Forumite

http://ftalphaville.ft.com/blog/2010/11/15/404746/bleak-house-prices/
The 70% club recommends tha house buyers wait for now. There's plenty more to come.
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Comments
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Problem being it's based on asking prices....prices thought up by EA's and Sellers.0
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So prices are still higher than last year, well asking prices anyway?
A bit desperate there Mac.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Dose not really matter if the price of your house goes up or down. Your buying a home for the long term. Not a house that you are going to flip in 12 months time and bank a load of cash.
Short term price movements in house prices only really matter to the people who buy and then tart them up to sell a few months later. A house should be a home for the long term.
We ended up in all this trouble as everyone tryed to jump on the band wagon of making money out of houses wether it was buying and selling short term. Or useing your house to fund a life that you could not aford.
We need to get back to buying a house to make into a home,
A few can make good money out of house prices and buy to let. Not not everyone!! most people should just buy a house for a home and not buy a house to fund a lifestyle:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j0 -
Somebody I know in the US bought a house today, well, it completes in 1 month. I asked for a link - and what did I get ????
1700 square feet. 3 beds, bathroom, en-suite, massive open-plan family room, basement the entire footprint of the building, central heating, air conditioning. New roof just 3 years old - AND - it's on a double plot, so big garden and room to expand (total grounds area 120'x160')
Price on site: $76k..... people keen to move so they accepted $55k for it!!0 -
PasturesNew wrote: »Somebody I know in the US bought a house today, well, it completes in 1 month. I asked for a link - and what did I get ????
1700 square feet. 3 beds, bathroom, en-suite, massive open-plan family room, basement the entire footprint of the building, central heating, air conditioning. New roof just 3 years old - AND - it's on a double plot, so big garden and room to expand (total grounds area 120'x160')
Price on site: $76k..... people keen to move so they accepted $55k for it!!
Bargin:beer:
Good for him i hope he enjoys his new home:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j0 -
PasturesNew wrote: »Somebody I know in the US bought a house today, well, it completes in 1 month. I asked for a link - and what did I get ????
1700 square feet. 3 beds, bathroom, en-suite, massive open-plan family room, basement the entire footprint of the building, central heating, air conditioning. New roof just 3 years old - AND - it's on a double plot, so big garden and room to expand (total grounds area 120'x160')
Price on site: $76k..... people keen to move so they accepted $55k for it!!
They have been had :eek:"I was living in Chicago and a friend told me that houses in Detroit could be had for $500," said Brumit, a financially strapped artist who thought he had little prospect of owning his own property. "I said if you hear of anything just a little cheaper let me know.Within a week he emails me a photo of a house for $100. I thought that's just crazy. Why not? It's a way to cut our expenses way down and kind of open up a lot of time for creative projects because we're not working to pay the rent."
http://www.guardian.co.uk/business/2010/mar/02/detroit-homes-mortgage-foreclosures-80'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
A graph that shows prices higher now than a year ago?
Should have gone to specsavers. Or bought in Feb 2009?0 -
Blacklight wrote: »A graph that shows prices higher now than a year ago?
Should have gone to specsavers. Or bought in Feb 2009?
Why? In Feb 09, you'd have probably turned round and said "a graph that shows prices are higher now than 3 years ago? Should have bought in 2004."
You can always prove something, if you ignore the general purpose.0 -
So prices are still higher than last year, well asking prices anyway?
A bit desperate there Mac.
Indeed,The graph that house buyers have been waiting for
Is it because they are not seeing houses rise by as fast as they had been over previous months.
It's still YOY higher, so they will still be paying a higher price.
That said, many of us predicted stagnation this year and this graph (albeit it's just asking prices) is indicating the same thing.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
PasturesNew wrote: »Somebody I know in the US bought a house today, well, it completes in 1 month. I asked for a link - and what did I get ????
1700 square feet. 3 beds, bathroom, en-suite, massive open-plan family room, basement the entire footprint of the building, central heating, air conditioning. New roof just 3 years old - AND - it's on a double plot, so big garden and room to expand (total grounds area 120'x160')
Price on site: $76k..... people keen to move so they accepted $55k for it!!
The whole of the US is not like this though.
I watch the US property TV shows and it seems to me that desirable areas aren't much different to our prices.0
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