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Debate House Prices
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2011 Will Be Great
Comments
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nutsohazelnuts wrote: »My home is worth more than a hundred times what I paid for it, but it took a while to get there.
If we looked at house prices over the last 40 years wouldn't it always trend upwards, but with some predominantly minor peaks and troughs?
Isn't it always better to buy sooner rather than later rather than waiting for a further drop in house prices? They might just as likely rise again!
House prices are currently beyond the ability of the banks to lend the money for them. Risk has returned to the market, why would a business lend money it didnt think it would get back.
I would agree that over time house prices will rise, the only question is relative to what. No point having a £200,000,000,000 house when that buys you a one night stay in a crap hotel in Bejing.
It's all relative.0 -
CRASH_BANG_WALLOP wrote: »Dont listen to CODPIECE he is running scared
Unemployment rising
Repo's rising
Banks not lending
Cuts starting to bite
FTB cant buy
'Recovery' is slowing
Interest Rates - the only was is up (a bit like Yazz)
Sit back and enjoy the party.
I hope your party is going as planned?0
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