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Debate House Prices


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House prices rise... Front page today.

24

Comments

  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    J_i_m wrote: »
    Not strictly what everybody wants, I think maybe you should rephrase to "It's what I wanted." ;)

    You only speak for home owners, you'd probably find that first time buyers for example would quite welcome further price drops.

    He doesnt speak for all home owners. I am a home owner and prices rocketing away doesnt help me because

    a) I only own one property, my next move will be upsizing and the further apart the rungs on the ladder get the harder that is.

    b) I would like younger members of my family to at least have some hope of not having to spend the rest of their lives living one 6 month AST to the next.

    The older members of my family would be in full agreement though. The inlaws are currently in a blue tizz as their house has "only" been valued at 6 times what they paid for it 25 years ago.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    ruggedtoast wrote: »
    He doesnt speak for all home owners. I am a home owner and prices rocketing away doesnt help me because

    a) I only own one property, my next move will be upsizing and the further apart the rungs on the ladder get the harder that is.

    b) I would like younger members of my family to at least have some hope of not having to spend the rest of their lives living one 6 month AST to the next.

    The older members of my family would be in full agreement though. The inlaws are currently in a blue tizz as their house has "only" been valued at 6 times what they paid for it 25 years ago.


    Why don't you bring them to the website and one of the posters will no doubt try to persuade them that in "real" terms its actually worth less now than it was 25 years ago?
  • LittleMissAspie
    LittleMissAspie Posts: 2,130 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'm a homeowner and I'm not cheered by it. I want prices to drop.
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    J_i_m wrote: »

    You only speak for home owners,

    He doesn't even do that. I'm a homeowner and don't want prices to rise. Since I'll be making a move further up the ladder soon, I'd prefer stagnation.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    My parents are home owners and they want prices to drop, you know so there children can afford houses.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • wherediditallgothen
    wherediditallgothen Posts: 1,520 Forumite
    I want house prices to drop, except for mine. Let's be honest about things.
    Set your goals high, and don't stop till you get there.
    Bo Jackson
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I’m a homeowner and I personally think stagnation is the way to go. But sibley knows how to push the buttons doesn’t he.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm a multiple homeowner with no children.

    And I love HPI more than a fat kid loves cake. :)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    I'm a multiple homeowner with no children.

    And I love HPI more than a fat kid loves cake. :)

    Great line! I prefer yield to capital gain personally as there's less risk: you get it in your pocket.

    In that light I am toying with the idea of holiday lets. You can let a $300k flat with perhaps $20k of renovations will let for $180 a day peak and $140 a day off peak. Assuming 60% occupancy that's a gross yield of 18%!
  • wherediditallgothen
    wherediditallgothen Posts: 1,520 Forumite
    HAMISH_MCTAVISH wrote: »
    And I love HPI more than a fat kid loves cake. :)

    You must be positively moist every time you are in the same room as a copy of the Express then.
    Set your goals high, and don't stop till you get there.
    Bo Jackson
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