Debate House Prices


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Have a crash now and then lets build a real economy.

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Comments

  • lippy1923
    lippy1923 Posts: 1,374 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Why can't people save up, work hard, find a house that's affordable to them and buy a nice home that they love and want to live in for the long foreseeable future, rather than sit and stew about property prices, putting off their lives or worrying far too much about making a few quid. Life's to short!

    I personally see a house as a home, not an investment. Obviously I would like my home to gain value, if I ever wanted to sell, but I brought the house with my partner to hopefully live in for the majority of our lives. The only reason we would want to move is if we ever had more than 2 children. Then it would seem a little small.

    There are things far greater in my life to be concerned about than money and property prices.
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

  • wotsthat
    wotsthat Posts: 11,325 Forumite
    lippy1923 wrote: »
    I personally see a house as a home, not an investment. Obviously I would like my home to gain value, if I ever wanted to sell, but I brought the house with my partner to hopefully live in for the majority of our lives. The only reason we would want to move is if we ever had more than 2 children. Then it would seem a little small.

    You've obviously not spent that much time on this board.

    It's very bad form to say that you'd like your home to increase in value. A number of posters will be crossing themselves, saying a few Hail Mary's and will have put you on the naughty list.

    It's good that you've mentioned children - that might help. Good luck!
  • PaulF81
    PaulF81 Posts: 1,727 Forumite
    lippy1923 wrote: »
    Why can't people save up, work hard, find a house that's affordable to them and buy a nice home that they love and want to live in for the long foreseeable future, rather than sit and stew about property prices, putting off their lives or worrying far too much about making a few quid. Life's to short!

    I personally see a house as a home, not an investment. Obviously I would like my home to gain value, if I ever wanted to sell, but I brought the house with my partner to hopefully live in for the majority of our lives. The only reason we would want to move is if we ever had more than 2 children. Then it would seem a little small.

    There are things far greater in my life to be concerned about than money and property prices.
    unfortunately the value for money previous generations typically enjoyed are no longer around. Whilst I fully agree with your sentiments, it cant help feeling like a slap in your face after 10 years of professional career after university education, all you can afford is a socialist commune shoebox that Stalin wouldnt have inflicted on the masses.
  • Linton
    Linton Posts: 18,116 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    PaulF81 wrote: »
    unfortunately the value for money previous generations typically enjoyed are no longer around. Whilst I fully agree with your sentiments, it cant help feeling like a slap in your face after 10 years of professional career after university education, all you can afford is a socialist commune shoebox that Stalin wouldnt have inflicted on the masses.

    With previous generations only a lucky or unusually clever few had a university education and a professional career. The broad mass of people were happy to rent a council house on an estate.

    Now a university education and professional career is the norm for many, so you cant expect a guaranteed place at the front of the housing queue.
  • Linton wrote: »
    With previous generations only a lucky or unusually clever few had a university education and a professional career. The broad mass of people were happy to rent a council house on an estate.

    I'm sure they were.

    As would many today. But they don't exist.
  • I'm sure they were.

    As would many today. But they don't exist.

    Very true.

    Most folks want to buy, if only the banks would finally lend
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