House prices rising in uk

teajug

EdwardJenson wrote: »

It's very sad really. Everyone , if they're honest, dreams about owning their own home and leaving their children an inheritance.:money:These poor blighters who listened to the loons have missed out and may never get a chance to buy in the future.

Children inheritance what are you talking about there will be nothing left for children if you got to go into a care home they will eat up all your saving as well as home, you will need every penny at towards the end of your life ie hiring people to do things for you that you were able to do when you were younger and agile. No income as you will not be able to work due to age related conditions and save for any pension that you have saved during your working lefe and that does not last long. :mad:

HAMISH_MCTAVISH

Thermidor wrote: »

They end up missing the boat and once it's gone - it's gone.

Very true.

No wonder this place is so full of bitter bears.

Most of them had the opportunity to buy previously, but chose to enrich their landlords instead.

Now rents are soaring, prices are higher than when they started, and mortgage rationing means their costs of buying are higher still, if they can even get a mortgage at all.

As always, this crash has proved once again that the best way to reduce lifetime housing costs is to buy a house as early as possible, and spend as little time as possible buying a house for your landlord.

Trying to time the markets is a mugs game.:money:

MrRee_2

pennyfarthings wrote: »

Property's rising round my way. Out of interest check the prices 10 years ago to today's prices (and every 10 years back for the last 100 years) and come back and tell me that property prices don't rise!:money: And there's been a lot of recessions and downturns over the last 100 years - but STILL property prices ALWAYS ALWAYS rise!:money:

Spot On ..... and the next 10 years will be no different.

I still have the Newspaper advert for my house from 1994 .... amongst other houses on the same page.

Looking at the prices then - boy, I would love prices to be those again, I really would!!

But, fact is they aren't and will never be that low again - one thing stands out, the most expensive house on that particular newspaper page is £400,000 ...... if I had bought that one instead of mine I would now be in a £1.5million property!

It's a one way bet ..... always has been, always will be .... over any 10 year period.

Turnbull2000

MrRee wrote: »

It's a one way bet ..... always has been, always will be .... over any 10 year period.

Absolutely.

NEO72

HAMISH_MCTAVISH wrote: »

Trying to time the markets is a mugs game.:money:

I guess you're well placed to comment on that having bought at the peak of the biggest housing bubble in history :money::money::money:

I really can't believe you lot are still going?? I must remember to buy shares in Kleenex if we get another single months rise....

I don't know what's funnier - the fact that your little bunch of chums 'thank' every desperate assertion that house prices will stop falling, or the heavy irony in a bunch of mugs who either:
a) Paid near peak for a house 'cos prices only ever go up*'
b) Got into buy-to-let 'cos the people on the telly made it look so easy...and prices only ever go up*'
c) Spent all their equity to pay for the middle-class lifestyle they couldn't earn..'cos prices only ever go up*'

considering themselves "moneysaving experts":rotfl::rotfl::rotfl:

Just in case it hasn't been mentioned quite enough, let me just add that house prices only ever go up*











*Until they don't

teajug

mrandmrswilliams wrote: »

I won't be going in a care home.:) We've planned our future and a care home is something I'll never need.

No one plans for a care home however there are many conditions that will need a care home such as Dementia/Alzheimer’s some can get these condition in their 50 and that is memory loss and they do not know what causes it so no cure for it.

If you get any mental health like Dementia and are mobile then you will have to be in a secure place as you will not be able to be on your own. When you get older and you other half has passed away then you are on your own. Also there are many other conditions that you need full time care such as if you have an accident and have brain damage or have stroke or even arthritis that is debilitating condition and most people over the age of 50 and younger get this and if you get it in any part of your body it will be diffficult to move without pain and you will not able to make a cup of tea for yourself.

So I think your home value will be the last thing on your mind if you are in pain[FONT=&quot].:eek:[/FONT]

breadlinebetty

teajug wrote: »

No one plans for a care home however there are many conditions that will need a care home such as Dementia/Alzheimer’s some can get these condition in their 50 and that is memory loss and they do not know what causes it so no cure for it.

If you get any mental health like Dementia and are mobile then you will have to be in a secure place as you will not be able to be on your own. When you get older and you other half has passed away then you are on your own. Also there are many other conditions that you need full time care such as if you have an accident and have brain damage or have stroke or even arthritis that is debilitating condition and most people over the age of 50 and younger get this and if you get it in any part of your body it will be diffficult to move without pain and you will not able to make a cup of tea for yourself.

So I think your home value will be the last thing on your mind if you are in pain[FONT=&quot].:eek:[/FONT]

Rubbish!

Fifty these days is young. People stay fitter for much longer than they used to. Are you saying people like Madonna, Hugh Grant, Gerge Clooney etc all belong in a care home?:rotfl: You muppet!

I know a lot of elderly folk in their late 80s who still live at home and are as fit as a fiddle. Those who aren't as agile as they once were either have home-helps who pop in, or relatives who look after them.

Others move in with their children (great idea - granny flats) so NO, not everyone goes into care homes. And NO - not everyone gets artrhritis and dementia once they hit 50!:rotfl:

brit1234

mrandmrswilliams wrote: »

I own my house outright. Bought it in 1997 for £120k and it's now valued at £530k.


And before you start spouting and saying £530k is only the asking price - ALL the properties down my road are around the same price - and a couple have been sold around that price in the last year.

You can't grumble at that can you?

House prices sustainably go up with inflation if you keep them maintained. To sustainably get a higher value you need to add value for example extensions, swimming pools, basement construction.

You bought your home at the start of what became the biggest housing bubble and housing fraud in history.

Big builders used gift deposits to fraudulently increase land registry valuation which affected all propperties upwards.

Mortgage brokers used self cert mortgages to get buyers to lie about their wages inflating them and in turn inflating house prices further.

Lending standards fells, salary multiples increased, deposits levels disappeared.

Now after the clamp down do you really think your originally £120k home is worth £530k or more likely round £220k? Or have you some Russian billionaires next door?

zcrat41

Surely, at the moment, houses are like land.

There is a finite supply (or restricted supply) and dependent on the area when demand outstrips supply prices will go up.

I also agree with the poster who said over the last 100 years property has always gone up overall. It may have gone down in dips but as long as you're in it for the long haul (15 years +) you'll more than likely be ok.

In the area I'm in there has been very little development for the last 10 yrs due to planning restrictions. We have offered on 3 properties in the last month, all of which have gone on to sell over the guide price to cash buyers of which we are one. There are good schools, lovely countryside and within commuting distance of London and propery is much cheaper than London - there are still a lot of people with money who need/want somewhere nice to live!

zcrat41

Meant to say with the new localism laws that could change the countryside forever - no deveopment in some villages with more Nimby's and concrete towns at the other end of the scale!