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Debate House Prices
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When will house prices go back to 07 levels
moneyinmypocket
Posts: 908 Forumite
Will it happen in our life time again
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Comments
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moneyinmypocket wrote: »Will it happen in our life time again
If you're 12, yes. If you're 93, probably not.
Are you talking actual prices? I.e. if a house was £150,000 in 2007 when will it sell for £150,000 again? If so, I reckon towards the end of this decade, as I think we're in few a good few years of stagnation.
Can I be the first to say that relative to the price of hamsters and breville sandwich toasters we may not see a return to peak in my lifetime, and I'm in my late twenties.0 -
Unfortunlately, the area where I want to buy next, already has
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Keep your pecker up Dan.
If you need moral support there is this website called https://www.hpc.co.uk you can hang out on.0 -
Depends where you live, I guess.
We had a valuation done back in 2006/7 & the valuation last year was about the same.0 -
Hopefully not in the near future.0
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In terms of actual prices, pretty soon, if only due to inflation making money worth less.
In terms of the same mad ratio of house prices to average earnings, quite a lot longer. Hopefully.0 -
Inflation is the "silent killer" - every year, relatively the value of the house stays the same (broadly) but inflation means that in fact the value of the the house is going down by a few per cent every year. I think we're in for a long (See Japan) and slow depression over the next 10 years. Hiss and indeed boo.Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
originalmiscellany wrote: »Inflation is the "silent killer" - every year, relatively the value of the house stays the same (broadly) but inflation means that in fact the value of the the house is going down by a few per cent every year. I think we're in for a long (See Japan) and slow depression over the next 10 years. Hiss and indeed boo.
Why is this a 'silent killer'? Sounds alright really - houses get more affordable for people and they don't crash suddenly in price for people who currently who own. I understand the bigger economy stuff, but for individuals it's an okay situation.0 -
originalmiscellany wrote: »Hiss and indeed boo.
Or woo, and indeed hoo, depending on your position on the housing ladder.0
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