House prices to fall back to 2002 levels, says Savills

Going4TheDream

MrRee wrote: »

Interest Rates are key ... and, it has been quite clearly stated by all concerned, that they will not be changing for many, many years.

Cheap money means that buyers will buy, why rent at a higher cost than buying? So prices remain firm.

Expensive money would drive buyers away from the market, but, as I said - cheap money is here for a long, long time.

But wont it become more expensive for banks to borrow money etc as a result of the rise in the Libor rate...wont this make mortgages slightly more expensive?

MrRee_2

Going4TheDream wrote: »

But wont it become more expensive for banks to borrow money etc as a result of the rise in the Libor rate...wont this make mortgages slightly more expensive?

Only if Italy falls .... and it has steadied the market now.

It's all going to blow over - these things always do .... I am very old and have seen it all before, it's just called different things.

I have never known money so cheap - you'd be daft not to buy - IMO

geneer

MrRee wrote: »

buyers have never, ever, had it so good!

Indeed. Those looking to buy will find the much reduced competition hugely beneficial when bidding on their chosen property.

For those who can't buy just yet, as house prices are due to fall in real terms, theres never been a better time to focus on saving away for that deposit.

geneer

MrRee wrote: »

Interest Rates are key ... and, it has been quite clearly stated by all concerned, that they will not be changing for many, many years.

Cheap money means that buyers will buy, why rent at a higher cost than buying? So prices remain firm.

Indeed. Do you know the only thing better than paying cheap mortgage rates on your house.


Paying cheap mortgage rates on the house you bought after the house price crash. :rotfl:





See thats the problem with tiresome simplistic arguments.
They are all to easy to obliterate with a dash of common sense.

MrRee_2

geneer wrote: »

Indeed. Do you know the only thing better than paying cheap mortgage rates on your house.

Well, it's CERTAINLY NOT buying someone else's house for them!

You DO know that any house price crash can ONLY happen with high interest rates, don't you?

You cannot, and will not, get cheap money with cheap house prices - it just doesn't happen that way - EVER!

reweird

MrRee wrote: »

Indeed .... all indications point to a steady, level, market.

No price drops, no price rises to speak of - just flat.

And, as you rightly say wotsthat - a fantastic time to be owning and clearing the Mortgage ... money has never been cheaper.

But, we must not forget the renters - they are stuck paying money for nothing - it cannot be a pleasant place to be.

Lest we forget the STR filth who tried to play the market and cash in in 2002. Here's looking at you Financial Planear aka Jonathan Davis. The eptimone of greed arrogance and hate.

Ps your rents due. Ta.

MrRee_2

"Your Rent's Due, Ta"

I like that - a LOT!!

Say's it all in just 4 small words ......

There are people I know paying over £1,000 a month in rent - that is staggering, quite staggering, £12,000 a year off someone else's Mortgage when they could have their own!

Imagine asking someone else if you can paint the loo? Imagine waiting for the broken Washing Machine to be fixed? Imagine cutting someone else's lawn for them? Imagine ...... I can't, sorry, I've done it and it's damned painful

If only houses and money were this cheap when I was renting ... I would be out like a shot!

geneer

MrRee wrote: »

Well, it's CERTAINLY NOT buying someone else's house for them!

You DO know that any house price crash can ONLY happen with high interest rates, don't you?

You cannot, and will not, get cheap money with cheap house prices - it just doesn't happen that way - EVER!

ha ha ha. Sorry Ree, but I'm still struggling to see where less FTBs is a bad thing for those FTBs sensible enough to save up a deposit and buy within their means.

Oh thats right, it really really isn't.


Doesn't happen that way EVER! ? Er hello.
2008. Crash.
2009 onwards...base rates 0.5%.

Emy1501

Good news for most especially the future generations.

Jimmy_31

MrRee wrote: »

"Your Rent's Due, Ta"

I like that - a LOT!!

Say's it all in just 4 small words ......

There are people I know paying over £1,000 a month in rent - that is staggering, quite staggering, £12,000 a year off someone else's Mortgage when they could have their own!

Imagine asking someone else if you can paint the loo? Imagine waiting for the broken Washing Machine to be fixed? Imagine cutting someone else's lawn for them? Imagine ...... I can't, sorry, I've done it and it's damned painful

If only houses and money were this cheap when I was renting ... I would be out like a shot!

GUESS HOW OLD I AM.

Look to your left and you should see a large tv remote with massive buttons, its near that red string you have hanging from the ceiling with a little triangle on the bottom, just past that you should see a little white box with 7 compartments labelled with the days of the week.

I think you might have mixed up your days or dosages.

Imagine somebody else wiping your ar5e.

GUESS HOW OLD I AM :rotfl: