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Debate House Prices


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So who's planning to buy a place in 2011?

General sentiment seems to indicate nobody any longer belives that there will be a significant drop in house prices before they rise again.

That being the case, who has now decided to see if they can grab a bargain maybe this summer at a 5% discount from today's prices before interest rates go up again?

Seems like last chance saloon for those who had been misled into thinking there would be big falls after an initial 'dead cat bounce' and don't want to miss the boat like Feb 2009.
«13456

Comments

  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I think that there will be plently of housing boats queing up to take people for about another decade.

    As an aside, 'missing the boat' is probably my most hated housing-based phrase.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Cleaver wrote: »
    I think that there will be plently of housing boats queing up to take people for about another decade.

    As an aside, 'missing the boat' is probably my most hated housing-based phrase.

    Well not having missed the boat would indicate you were no longer hunting wouldn't it. Having missed the boat you'd be pretty pіssed off and in that respect I'd have to agree, probably would be quite annoying.
  • Greatgimp
    Greatgimp Posts: 1,056 Forumite
    Part of the Furniture 500 Posts Academoney Grad Name Dropper
    edited 5 January 2011 at 11:58AM
    Tried to view two properties today and the first one cancelled the booking as they cannot make it, the second vendor wouldn't accept new viewers as he doesn't want to 'actively market his property'. Work that one out. These particular people aren't trying to sell. When our property was up for sale we'd break a leg to hang on to a viewing - and we sold!

    Incidentally, we're sold, living in rented and money waiting for the right house. We've told the agents that too,
  • purch
    purch Posts: 9,865 Forumite
    So who's planning to buy a place in 2011?

    Count me out !!! :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Good time to buy bigger if you have the cash.
    Not Again
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Blacklight wrote: »
    General sentiment seems to indicate nobody any longer belives that there will be a significant drop in house prices before they rise again.

    Who's general sentiment?

    EA's and Landlords?

    Or blacklights?
  • abaxas
    abaxas Posts: 4,141 Forumite
    The answer is simple.

    The only people who are planning to buy are people who do not have to sell.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Who's general sentiment?

    EA's and Landlords?

    Or blacklights?


    Any level headed person that dont post in here,9999.99999% of the population.
    Official MR B fan club,dont go............................
  • abaxas
    abaxas Posts: 4,141 Forumite
    ess0two wrote: »
    Any level headed person that dont post in here,9999.99999% of the population.

    Is that a multi dimensional percentage? Or do you work in football punditry?
  • Blacklight wrote: »
    General sentiment seems to indicate nobody any longer belives that there will be a significant drop in house prices...

    32% is "nobody" ?

    http://www.rightmove.co.uk/news/consumer-confidence-survey/ccs-quarter-4-2010

    "Rise of the ‘price pessimists’ as those expecting prices to fall jumps from one in ten to one in three in the space of a year, while proportion of ‘price optimists’ halves over the same period."
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
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