Debate House Prices


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House prices 'at the cliff face'

If you are thinking of buying, why not hold off for a bit. In 18 months time, your deposit may be enough to buy the entire house for cash.
What does this mean for house prices?
In a nutshell, this collapse in NML suggests UK house prices are standing at the cliff face. If they were to follow net lending trends, residential property values could be about to halve.

http://www.moneyweek.com/news-and-charts/economic-indicators/uk-house-prices/02-uk-net-mortgage-lending-00011.aspx
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Comments

  • DervProf
    DervProf Posts: 4,035 Forumite
    Why give the bulls free grass ?

    You`ve got to do better than that.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Moneyweek again? Deary me.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • DervProf
    DervProf Posts: 4,035 Forumite
    There you go.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Does net mortgages include remortgages?

    As we are constantly told on here everyone now is sitting on SVR would that not mean remortgaging could be the reason why net lending is so low.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    We've heard all before many many times Mac. Could do with a new tune.
  • If they were to follow net lending trends, residential property values could be about to halve.

    And "IF" Money Week had any brains, they wouldn't say such stupid things.





  • If you are thinking of buying, why not hold off for a bit. In 18 months time, your deposit may be enough to buy the entire house for cash.



    Right. lets draw a line in the sand here.

    So you are saying house prices will halve in the next 18 months?

    OK, if they don't then can we agree you should wear a large bell round your neck and join the nearest lepper community?:)
  • AD9898_2
    AD9898_2 Posts: 527 Forumite
    The bottom line is IRs, hundreds of thousands of households are just about treading water, any rise back to say 3% would surely have disastrous consequences for the housing market.

    All this with 2-3 times as many dual income families as there were a few decades back. The question for FTBrs is, do you think rates will stay this low for 25 years, on a backdrop peak oil, low wage inflation and massive global debt ?

    Well do ya feel lucky .........
    Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.
  • AD9898 wrote: »
    The bottom line is IRs, hundreds of thousands of households are just about treading water, any rise back to say 3% would surely have disastrous consequences for the housing market.

    All this with 2-3 times as many dual income families as there were a few decades back. The question for FTBrs is, do you think rates will stay this low for 25 years, on a backdrop peak oil, low wage inflation and massive global debt ?

    Well do ya feel lucky .........


    Evidence being?
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    So why didn't Merryn Somerset Webb (MW chief editor) hold off buying a year or so back? Or is it do as I say, not do as I do?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
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