Sticky: No more posts on the future of house prices please.

greencat_2

Buying a house is probably the most expensive purchase I'll ever make. It is therefore of immense interest to me what is likely to happen to house prices as I want to maximise my hard earned savings.

Ideally I'd like to pay as little as possible so I can start saving for my retirement as soon as possible. Timing is therefore critical - especially as prices may have some cyclical element and you'll probably end up paying nearly twice as much as price tag over the course of a mortgage.

Interest in house prices seems to be deeply ingrained in British society. Why else are 4 or 5 indexes published every month? And if it was really that boring then no one would report them. In actuality - every tiny movement is pored over and analysed to the nth degree by a wide range of experts and laypeople. Hardly surprising when some indexes suggest house prices are going up by the average person's salary each year.

If the OP is bored of them - then perhaps it's time give the threads a wide berth.

meanmachine_2

Let's start the cutting of price related threads with, um, oh this one.

Utterly pointless and useless to those of us on less than 100K and whose secretaries earn less than 50K.

Er, which is 99.9999999% of the population, save for a tiny enclave in the square mile populated by ukbondtraders.

thesaint

When I read the title of this thread I cheered.

I don't agree with no more posts. Impossible to police and a bit too far. Although I would love to see no more new threads started. It seems like every time an article appears in a newspaper there is a new 'House price crash' exclusive within minutes on the board.

I suppose reading tea leaves just doesn't float my boat.

Gorgeous_George

All those in a favour of a sticky entitled "House Prices - Up, Down or Sideways - here please" say 'aye'.



GG

linda.b_4

Well I am a serial lurker on this forum and if I don't find the title of a thread appealing I don't read it! simple as that, though I have to say, I spend many an hour absorbed in this area of the forum even though I moved home months ago. I feel I know some of you personally! Keep up the posts I find them extremely entertaining!

scorpio_princess

ukbondraider wrote:

Because in my opinion this forum is predominantly visited by people on a restricted budget and therefore all opinions are highly likely to be skewed as evident by recent threads.

What evidence do you have to support this assertion? It seems to me you're completely hung up on money, high income and status - in pretty much every thread you've ever contributed to you just can't help but brag about your 'wealth' (of course, we don't really know you - you could be a fantasist on 10k a year for all we know).

If you don't like the discussions on here - no matter how tedious or beneath you - just don't contribute to them. Simple really.

People shouldn't be afraid of posting anything they want to on here (within reason of course, and as long as it's related to the title of the forum) because it's a public forum, and open to all.

Snow_Dog

[irony on]

Ahh, its all OK, just caught Krusty and Phil on TV saying how one particular area in London has gone up over 50% in the last three years despite the cheapest shoebox now costing more than the client was budgeting for.

So, the debate is over, put on the rose tints, curl up, turn off higher brain processes and watch more property ramping shows, the only way is up people. [irony off]

meanmachine_2

Here's an interesting stat that puts all of those "it's always been tough to get onto the ladder" moaners in their place.

In 1994, int rates were at 5.14%. LESS than they are today.

Average house price? 57K.

I thank yow.

Man, that must have been tough. A real struggle. You poor owners who bought in 1994, when it was so difficult....

CB1979_2

meanmachine wrote:

Here's an interesting stat that puts all of those "it's always been tough to get onto the ladder" moaners in their place.

In 1994, int rates were at 5.14%. LESS than they are today.

Average house price? 57K.

I thank yow.

Man, that must have been tough. A real struggle. You poor owners who bought in 1994, when it was so difficult....

well i bought in 2006, found it very easy.

oh and his username isn't ukbondtrader it's ukbumraider! :rotfl:

mr.broderick

meanmachine wrote:

Here's an interesting stat that puts all of those "it's always been tough to get onto the ladder" moaners in their place.

In 1994, int rates were at 5.14%. LESS than they are today.

Average house price? 57K.

I thank yow.

Man, that must have been tough. A real struggle. You poor owners who bought in 1994, when it was so difficult....

mm have you had this post waiting in the wings ready to be posted at 5.25 rates? it seems planned? good post though...