We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Land Registry -0.3% MoM, -2.6% YoY

12467…11

Comments

  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    the_flying_pig wrote: »
    The North East taking a hammering. Good news for young folk up there.

    Except for the ones who stood to inherit the equity in their parent's house.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    the_flying_pig wrote: »
    The North East taking a hammering. Good news for young folk up there.

    That's if they can get a job
  • joguest
    joguest Posts: 233 Forumite
    Pimperne1 wrote: »
    Except for the ones who stood to inherit the equity in their parent's house.

    Quite - lower house prices reward workers and punish people that want money for doing nothing. That's why price falls are good for the economy and our country's future prospects.
  • joguest
    joguest Posts: 233 Forumite
    ukcarper wrote: »
    That's if they can get a job

    With lower house prices, the northeast is now more attractive to new businesses that can outcompete businesses in the southeast that have to pay more in salaries to attract staff. Lower house prices = good for jobs.
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    My area was 0%.
    Boring move along.
    We love Sarah O Grady
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    edited 28 October 2011 at 2:35PM
    adwat wrote: »
    That's the trouble with human nature isn't it? We want to buy cheap and then sell high... much better that house prices are steady over time - it's the constant highs and lows that fuel our greed.

    That, and also that we all think we have the best house in the street, when we want to sell. Except that when I wanted to sell a house, I really did have the best house in the street because........(insert any reason here) :D

    The reality in the UK is that when you sell low you buy low and when you sell high, you buy high. Boom and bust is not a new thing in the UK.

    Us wiser (older) people have seen all this boom and bust before. Some youngsters have a leason to learn; a very painful lesson if they have taken on a lot of debt due to the 'want it now, pay for it later' attitude that has developed in some over the last decade.
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Sibley wrote: »
    My area was 0%.
    Boring move along.

    well done for getting on line to comment about the land registry survey, a real achievement given the floods.
  • Road_Hog
    Road_Hog Posts: 2,749 Forumite
    1,000 Posts Combo Breaker
    the_flying_pig wrote: »
    The North East taking a hammering. Good news for young folk up there.

    Not for the ones who've bought a house in the last 4 years. Many who might find themselves in negative equity.
  • MissMoneypenny
    MissMoneypenny Posts: 5,324 Forumite
    the_flying_pig wrote: »
    The North East taking a hammering. Good news for young folk up there.

    The NE is one of the areas that relies heavily on work provided by the state. I also think that houses suffered from a lot from southerners moving there and artificially pushing the prices up.

    When I first left the SE to live ooop north, we sold a 3 bed terrace with a postage stamp for a garden and bought a massive detached house in it's own grounds, for less than we sold our London terrace for.

    The house I sold in Yorkshire in 2007 (at the peak) has been on the market for a couple of years for less than they paid me for it and they can't sell it. I'm not sure why, as it was the best house in the street:D
    RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
    Read the sticky on the House Buying, Renting & Selling board.


  • joguest
    joguest Posts: 233 Forumite
    Road_Hog wrote: »
    Not for the ones who've bought a house in the last 4 years. Many who might find themselves in negative equity.

    caveat emptor
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture