We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
House prices by 2015
Comments
-
JonnyBravo wrote: »I think payrises are soon to play catch up. Once the fear (of redundancy) passes, and that is only a matter of months away, pay will start to rise.
Our co. handed out 3.5% this year after 2 years of under 2%.
I think rises will more minimise price drops than cause runaway price rises.
More stagnation to come IMO.
Once wages start to rise then ineterest rates will rise. Once interest rates rise there will be more forced sales. With more forced sales prices will rocket. (one of the above statements is false)0 -
RenovationMan wrote: »We will have years of low rates, years of austerity and years of debt repayment (both personal and national).
This year was much like last year, will be much like next year, will be much like the year after...
As a self confessed debt junkee I assume that your comments relate to what you hope (or even pray) will happen ........0 -
RenovationMan wrote: »Christ yes. What an odd question! Why would I want it any other way? Does anyone want to pay more to the banks for their lending? Anyone?
Do you?
Why is it an odd question?
I pay NOTHING to the banks for their lending.0 -
Loughton_Monkey wrote: »Come off it!
That's about as likely as house prices falling over the next 4 years. Houses are becoming a rare commodity and very few will be built. All the 30-somethings who don't lose their jobs will be buying like nobody's business just as soon as they have saved the deposit.
Those losing their jobs will be repossessed, ensuring a good supply of reasonably priced houses that will be snapped up like there's no tomorrow.
Houses of the FTB variety will again be snapped up by semi-rich BTL merchants to house the riff-raff from above, plus all those who don't go to university won't earn enough any more to buy them.
Those that do go to university will spend half their lives getting rid of the student loan and saving for a deposit.
But then again, I might be wrong, and they'll plummet by 50% as you believe they will.
Remember Mr Loughton; in a democracy the 'riff raff' have more votes than the Rachmans and politicians will do anything to get into power.0 -
RenovationMan wrote: »Once inflation start to rise, pay starts to rise, houses start to look cheap, mortgage lenders start to compete for customers, people start to compete for houses, house prices soar.
It's the British way!
It used to be the British way. You are living in the past.0 -
RenovationMan wrote: »Once inflation start to rise, pay starts to rise, houses start to look cheap, mortgage lenders start to compete for customers, people start to compete for houses, house prices soar.
It's the British way!
Theres massive debt to pay down mate.
We cannot just keep kicking that into the long grass and start celebrating the birth of fresh debt all over again.0 -
RenovationMan wrote: »Why not? I did.
So in your case, as soon as you get a wage rise, you're going to go and maximise any availiable extra lending you can get your hands on?0 -
Graham_Devon wrote: »Theres massive debt to pay down mate.
We cannot just keep kicking that into the long grass and start celebrating the birth of fresh debt all over again.
Correct. Everyone knows that the old economic model used by the UK based upon debt and unsustainable house prices doesn't work. 1 trillion of national debt shows what happens when you use such foolish models on which to base an economy. The UK is aiming for a German model of economic growth with high levels of saving, increased manafacturing, lower reliance on financial services and less money wasted on housing costs.0 -
Just to go back to the title of this thread .......... House prices by 2015 ....... If I was a betting person then I would put my mortgage (if I had one) on the average house price being lower in 2015 than it is today ........0
-
Graham_Devon wrote: »So in your case, as soon as you get a wage rise, you're going to go and maximise any availiable extra lending you can get your hands on?
Evolution is dependant on species that have passed their sell by date failing to adapt to a changing environment.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards