Repo's to rise in 2011.

Sibley

Graham.

It's Christmas fella. Let's have some happy posts eh?

twadge_face

Sibley wrote: »

Graham.

It's Christmas fella. Let's have some happy posts eh?

You mean posts that suit YOU better.

Suits YOU sir!

IveSeenTheLight

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

Graham_Devon

IveSeenTheLight wrote: »

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

Graham_Devon wrote: »

Or, you could sell your excess properties?

ooooof - bitter much

IveSeenTheLight

Graham_Devon wrote: »

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.

Graham_Devon

Remind me why there is high rental demand?

IveSeenTheLight

Graham_Devon wrote: »

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?

chucky

IveSeenTheLight wrote: »

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

IveSeenTheLight wrote: »

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.