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Debate House Prices
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House prices 2020
Sibley
Posts: 1,557 Forumite
Where do you see the average house price in 2020?
No messing about. No wind up or anything. That's when my mortgage on my investment property finishes. Should all go well I will either sell it for the lump sum or keep renting it out.
It would be nice to see it over 250 grand.
No messing about. No wind up or anything. That's when my mortgage on my investment property finishes. Should all go well I will either sell it for the lump sum or keep renting it out.
It would be nice to see it over 250 grand.
We love Sarah O Grady
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Comments
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£225k
€225k
$250k
Same price as two chinese kitkats (4 bar type)0 -
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Where do you see the average house price in 2020?
No messing about. No wind up or anything. That's when my mortgage on my investment property finishes. Should all go well I will either sell it for the lump sum or keep renting it out.
It would be nice to see it over 250 grand.
If it's around £168k now I reckon only a bit more, so possibly around £180k. Bit of a lost decade ahead in my opinion.0 -
Where do you see the average house price in 2020?
No messing about. No wind up or anything. That's when my mortgage on my investment property finishes. Should all go well I will either sell it for the lump sum or keep renting it out.
It would be nice to see it over 250 grand.
Price means nothing, price will depend on how much the worlds currency supplies get abused. I would say there is a very good chance the value will be less than in 2007.
Maybe interest rates will normalise long before 2020 and the bottom will be reached next few years. But I would not expect a bounce up that much by 2020. I would say well into that decade before values are more than they were in 2007.0 -
Flight2quality wrote: »Price means nothing
Price means pretty much everything to those buying and selling stuff.0 -
Where do you see the average house price in 2020?
No messing about. No wind up or anything. That's when my mortgage on my investment property finishes. Should all go well I will either sell it for the lump sum or keep renting it out.
It would be nice to see it over 250 grand.
That must mean wages will be going up a fair bit in the next few years.
Happy days:)0 -
Where do you see the average house price in 2020?
No messing about. No wind up or anything. That's when my mortgage on my investment property finishes. Should all go well I will either sell it for the lump sum or keep renting it out.
It would be nice to see it over 250 grand.
Sibley, I think your dreams will come true*. Good luck!
* estimate based on the assumption that the current price is £500k or higher0 -
Is the average currently 166k? (based on what macque posted on the latest Nationwide thread). If so I would go for about 215-220k, but it depends WHEN prices start to go up, I am guessing stagnation until 2015, if stagnation lasts much longer they are unlikely to break 200k.
2020 is too early for me, 2025-2028 is about the time when I will be really interested to know what's happening to prices.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
I somehow doubt it where your place is
Loose Valley.
Google it then feel like a dunce.
We love Sarah O Grady0 -
Price means pretty much everything to those buying and selling stuff.
You have to look at the big picture. Price means nothing when it comes to property long term, value is everything. If Merv King creates another say 100 Trillion units of Pounds Sterling out of thin air and adds it to the currency supply then average prices will go up to over 200K, but house prices usually go up slower than everything else. So the value is falling like a brick.
Paper to cover paper will only make things worse. It will just make the more common man want to get out of paper andinto gold and silver bullion.
Soon the effects of currency abuse and expansion will be felt by everyone. When a factory worker lives on $12000 yr rising food and bills prices are an inconvenience but when a pesant who lives $3000 yr, rising food prices is the difference between life and death.0
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