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Debate House Prices


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Repo's to rise in 2011.

178101213

Comments

  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    Graham.

    It's Christmas fella. Let's have some happy posts eh?
    We love Sarah O Grady
  • Sibley wrote: »
    Graham.

    It's Christmas fella. Let's have some happy posts eh?
    You mean posts that suit YOU better.

    Suits YOU sir!
    Long live the faces of t'wunty.
  • Percy1983 wrote: »
    By definition every price rise above inflation will price more people out.

    So in wishing for prices to rise you are wishing for more to be priced out, even if that isn't you main goal.

    I disagree with your definition.
    Price rises above inflation does not necessarily price peaople out, it would depend on their personal wage structure.
    People could get better than inflation wage increases / promotion etc.

    That said, the crux of your point is that house prices need to be maintained with inflation.

    Halifax have a graph from Nationwide that show house prices have increased 2.9% Year on Year in real terms over the last 30 years.

    What's the single, most effective way to curtail house prices rising and ensure that there is availability for all?
    The answer is to build more properties to suit the increasing population which in recent years / decade has demonstrably failed to match
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I disagree with your definition.
    Price rises above inflation does not necessarily price peaople out, it would depend on their personal wage structure.
    People could get better than inflation wage increases / promotion etc.

    That said, the crux of your point is that house prices need to be maintained with inflation.

    Halifax have a graph from Nationwide that show house prices have increased 2.9% Year on Year in real terms over the last 30 years.

    What's the single, most effective way to curtail house prices rising and ensure that there is availability for all?
    The answer is to build more properties to suit the increasing population which in recent years / decade has demonstrably failed to match

    Or, you could sell your excess properties?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 21 December 2010 at 12:05PM
    Or, you could sell your excess properties?
    ooooof - bitter much
  • Or, you could sell your excess properties?

    Then who supplies the rental demand?
    Rental properties as a proportion of toal housing stock is lower now than it was 20 years ago.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Remind me why there is high rental demand?
  • Or, you could sell your excess properties?

    Or......
    some people have been saying if you can't afford it don't buy (in your thread about repo's) so maybe you should not have bought if you could not afford the whole property.

    Has you part ownership purchase priced out other FTBers who could have afforded the whole property?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Then who supplies the rental demand?
    Rental properties as a proportion of toal housing stock is lower now than it was 20 years ago.
    i wouldn't sell either if you're getting over £1,000 a month profit on the property and its value is increasing.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Or......
    some people have been saying if you can't afford it don't buy (in your thread about repo's) so maybe you should not have bought if you could not afford the whole property.

    Has you part ownership purchase priced out other FTBers who could have afforded the whole property?

    That's pretty high on the desperado scale.

    No.
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