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Debate House Prices
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Just a figure of speech to describe people who think property will fall a long way in nominal terms as if you didn’t know.
I am aware that there have been a small number of people who have predicted very large falls, but I assume most of these people have now realised that their predictions are not likely to come to fruition. I just wondered if any current or past members of this forum have made these predictions.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I am aware that there have been a small number of people who have predicted very large falls, but I assume most of these people have now realised that their predictions are not likely to come to fruition. I just wondered if any current or past members of this forum have made these predictions.
I predicted a "soft landing" in 2007. :T0 -
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I am aware that there have been a small number of people who have predicted very large falls, but I assume most of these people have now realised that their predictions are not likely to come to fruition. I just wondered if any current or past members of this forum have made these predictions.
I thought prices would fall a lot more than they did back in 07, which seemed to be vindicated up until the end of '08.
Nevertheless I was not seeing anything like the falls in my area of London that the house price indexes said I should have been seeing. They quickly bounced up to above peak during the recovery.
I gave up on seeing any more falls some time ago and started looking to buy in earnest at the end of 2009.
One crucial thing that changed my mind is that I didnt previously realise that unaffordable housing was going to be a central plank of government policy. I naively thought that while 'they' wanted banks and borrowers to be protected from a price crash and high interest rates; 'they' would also want housing to be available and affordable for normal people.
That clearly is not the case, as is evidenced by a raft of measures like planning restrictions, buy to let, awful AST tenancies, on top of all the economic ones.
Its a shame but it is the country we live in. One day an establishment will arise where young people having somewhere secure to live is more important than protecting the asset books of corrupt banks. But this is not that establishment.0 -
It's funny. My mortgage payment didn't go up today.
I'm still happy.:rotfl:We love Sarah O Grady0 -
It's funny. My mortgage payment didn't go up today.
I'm still happy.:rotfl:
The houses I am looking at keep getting cheaper.
I'm still happy. :rotfl: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 13/01/20120 -
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