How much should the average house price be?

Sibley

People have a pop at me but they cant argue with fact I call things correctly.

Long ago, I told the HPC gang house prices would not be allowed to drop.

Now where are we.............

J_i_m

Well... where we should be is engaging our brains before our keyboards.

doire_2

Sibley wrote: »

People have a pop at me but they cant argue with fact I call things correctly.

Long ago, I told the HPC gang house prices would not be allowed to drop.

Now where are we.............

This month i have just over 85,000 reasons why you are wrong

https://forums.moneysavingexpert.com/discussion/3356150

Jegersmart

Money is debt. Debt allows growth. In the longer term is it sustainable that house prices are on average 8 times (say) the average salary in the UK? I guess we will find out:)

Percy1983

Sibley wrote: »

People have a pop at me but they cant argue with fact I call things correctly.

Long ago, I told the HPC gang house prices would not be allowed to drop.

Now where are we.............

Can you give a timescale for this prediction?

HAMISH_MCTAVISH

doire wrote: »

This month i have just over 85,000 reasons why you are wrong

Zzzzzzzzzzz

Meanwhile, actual sales prices are pretty much stagnant, and likely to remain so.

And a whole load of hpc-ers are buying houses cause they're sick of waiting for the crash that ain't coming. :):)

Graham_Devon

Sibley wrote: »

People have a pop at me but they cant argue with fact I call things correctly.

Long ago, I told the HPC gang house prices would not be allowed to drop.

Now where are we.............

Currently, sitting at the point after the drop.

doire_2

HAMISH_MCTAVISH wrote: »

Zzzzzzzzzzz

Meanwhile, actual sales prices are pretty much stagnant, and likely to remain so.

And a whole load of hpc-ers are buying houses cause they're sick of waiting for the crash that ain't coming. :):)

Its slowly gettig through that if you want to sell a house then it must be priced realistically hence over 85,000 drops in one month.

Have you got an acutal number of how many HPC-ers bought? Or did you just make up "a whole load"

HAMISH_MCTAVISH

doire wrote: »

Have you got an acutal number of how many HPC-ers bought?

Hard to say given how fast those threads get hidden in obscure sub-forums.

Clearly sufficient numbers to warrant a certain mod feeling insecure enough to move them, lest "any guests" think it's a good idea to buy.:rotfl:

goalseeker

crash123 wrote: »

I own my house but if I wanted to buy it today I could not afford it. My take home pay is more now but I would still be about £40,000 short.
So something is wrong. Average house should be about £120,000

I also own my own house and fall into the same category but remember a house is only worth something when you want to sell it or raise cash against it not before, and then its worth is really what someone is prepared to pay for it. The trouble is house prices have been driven by a combination of greedy sellers, lazyy estate agents who are commission driven. House prices should be tied to a formula that is taken on an unemotional basis then perhaps young people would be able to afford a house/flat of their own instead of lining the pockets of landlords.