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Debate House Prices
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HPC almost half way through?
Flight2quality
Posts: 365 Forumite
If the UK will see 50% real falls from top to bottom. We are almost half way through the house price crash?
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Would that be the same logic that if it is 25% falls in real terms the crash is over?
Real prices are not meaning that much to most who are getting below price inflation wage increases TBH.
Nominal bottom was the one to look out for IMHO, better IR rates to add to that also.0 -
2009 was the bottom - everything shows that ......Bringing Happiness where there is Gloom!0
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2009 was the bottom - everything shows that ......
Doesn't that rather depend upon region and perhaps where demand for housing is highest due to the good economy locally that they may well be rising.
Some areas are still falling or perhaps stagnating a little due to uncertainties in local economy and local employment prospects?
Kind of supply and demand?
There is life north of Watford Mr Ree!Dont wait for your boat to come in 'Swim out and meet the bloody thing'
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If the UK will see 50% real falls from top to bottom. We are almost half way through the house price crash?
And if the UK won't see 50% real falls from top to bottom, we are not almost half way through the house price crash?
'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Depends on whether you are getting pay rises or not doesnt it? Mine have gone up 15% since the start of the credit crunch, but for the majority of people in the country, you are right, in fact, they are worse off as there is now less disposable to cover the mortgage. Since we bought in 2010, we have reduced the mortgage by over 10% and are on track to be below 3X single salary in 9 months. :T2009 was the bottom - everything shows that ......
Mortgage paid off in another 8 years, scheduled on my 38th birthday, not accounting for any pay rises.0 -
As stated, 2009 was the bottom. What the bears mistook as a 'dead-cat bounce' in Spring of that year was the beginings of the recovery.0
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House prices in Maidstone are more expensive than in 2007. If thats what a crash means then lets have another one.We love Sarah O Grady0
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But the debt spiral has a long way to go:(Flight2quality wrote: »If the UK will see 50% real falls from top to bottom. We are almost half way through the house price crash?0 -
House prices in Maidstone are more expensive than in 2007. If thats what a crash means then lets have another one.
Down 7.5% this year. Deluded as always Dribley
Maidstone
Average house price
£231,810
Detached £378,801
Semi-detached £210,241
Terrace £173,562
Flat £137,548
Annual change in house price
-7.5%
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