Will UK property prices weather a new recession? Apparently not.

Sibley

Will Geneer ever own a house? Apparently never.

sheffield_lad

Another reason why house prices have wobbled but still not fell off the cliff is the lack of 3/4 bedroomed homes and if the predicted population growth continues we will need a city the size of Birmingham to be built every 2yrs just to stand still!

The web site property price crash started back in 2003 pity the poor souls who took their advice.

On the subject of never jumping in remember a bit of wage inflation does wonders for your mortgage balance!

Batchy

For every additional House seller that comes to the market, there is probably the corresponding lost buyer too.
FACT is Sellers and Buyers Cash flow is assumingly the same... rents about the same to mortgage payments...

If a house owner has owned and been paying a 500pm mortgage for 3 years, and renter has been renting at say 500pm for the last three years, the savings levels of those two will roughly be the same... whatever they may be!

This means desperate seller, will not be so desperate, especially since the government will still cover interest on mortgage while unemployed. And they both be in the same position, assuming seller is in negative equity why pay off mortgage to sell only to have to find deposit and fees to rent at probably a higher level. It has no benefit to cash flow, only moving in with folks works, but this rarely works even if it helps cash flow, it ruins relationships and families.

The days of selling to rent with interest rates so low are long gone. Its different this time I hear them saying... why do you think they have kept interest rates so low, the winter of discontent will not happen. Energy prices aside there isnt a lot the government can do about it, the people dont want war or conflict, however, they want free energy. Doesnt make sense!

I just think desperate sellers are now those that want to sell, and not be accidental landlords which is those that just dont ever need the house again. There are not many jobs out there so no many will be moving to cater for a job.

It is different this time folks...

Graham_Devon

Jack_Johnson_the_acorn wrote: »

That might be its value but you can't force someone to sell at a lower price, if they don't have to move they won't, no matter what you say the value is.... prices are only gonna drop when rents drop....

No one said anything about forcing people to sell.

Did you read my post?

The value is still the value. Those who need to sell, will need to sell at the value, otherwise anyone needing a mortgage won't be able to buy the house off them.

Unless you are suggesting the whole country just stops selling, I don't really understand where you are coming from, other than a restrictive supply scenario, hoping that prices are pushed up by this activity.

Jack_Johnson_the_acorn

I did.... aren't you reading my posts?

Did you read my post?

YES.... I disagreed.

The value is still the value. Those who need to sell, will need to sell at the value, otherwise anyone needing a mortgage won't be able to buy the house off them.

Only those that are "forced" (debt, divorce, death) to sell are going to accept less than they want. Otherwise they wont move. Why would they, if they're happy......

Unless you are suggesting the whole country just stops selling, I don't really understand where you are coming from, other than a restrictive supply scenario, hoping that prices are pushed up by this activity.

The shortage of houses will keep prices from a massive crash, plus comparitively high rental costs and low interest rates will ensure steady prices.

geneer

Pimperne1 wrote: »

Where's "round your way"? Are they identifiable on Rightmove (or where are you seeing them?).

Yeah, its a few blocks over from "up my street" that most desirable of areas where all the property bulls live. :rotfl: