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Debate House Prices


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Cheap mortgages will boost house prices....

2

Comments

  • dtsazza
    dtsazza Posts: 6,295 Forumite
    CRASH_BANG_WALLOP wrote: »
    BOE = in 2012 mortgages will be a lot harder to get. yeah so who's word do i take yeah? the express or those at the BOE. man thats a tough one
    Not just The Express, but their views backed up by an estate agent (who, astonishingly, recommends that prospective buyers should in fact jump in and buy).
  • CRASH_BANG_WALLOP
    CRASH_BANG_WALLOP Posts: 661 Forumite
    dtsazza wrote: »
    Not just The Express, but their views backed up by an estate agent (who, astonishingly, recommends that prospective buyers should in fact jump in and buy).

    every silly express ramping article is always backed up by an estate agent or some property company. im hopeful express readers see through this nosense. But on reflection you must have a very low IQ to buy this rag
    Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?
  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    House prices will go up sooner or later, stop waiting for a crash that isn't going to happen
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    RenovationMan wrote: »
    Where is that quote from? The English is pretty appalling if it's from a professional media outlet, and the punctuation is virtually non-existent.

    Its Brit who made that corker.
    Official MR B fan club,dont go............................
  • Le_Chuck
    Le_Chuck Posts: 223 Forumite
    Proxy wrote: »
    £494 a month is 15% of take home pay?

    That's around £38k a year AFTER tax

    That's no average person.

    "down" from £601 or 20.5% of take home pay, which is £35k after tax.
    Which means you need to earn more to afford a house, ie houses are LESS affordable

    Also £38k after tax is around £57-£60k, the average household income is round £35k. As a percentage, how does that compare with 10 years ago?
  • Le_Chuck
    Le_Chuck Posts: 223 Forumite
    moneyinmypocket wrote: »
    House prices will go up sooner or later, stop waiting for a crash that isn't going to happen

    to buy a house, you need a job. Have you seen the unemployed figures?

    Youth unemployment at all time high, where does the FTB come from?
  • PaulF81
    PaulF81 Posts: 1,727 Forumite
    Many of my mates are now in the far east and middle east earning big wadges tax free to save for a deposit. We are talking 80-100K p.a. tax free here, for nothing more than a BEng(Hons) 2:2 in engineering.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    MrsRee wrote: »
    After house prices stabilised last year, as predicted by myself, I expect them to start a gentle rise before ending the year on a high. +5%yoy.


    Nice of you to join us,is MR putting his feet up for a rest.
    Official MR B fan club,dont go............................
  • brit1234
    brit1234 Posts: 5,385 Forumite
    RenovationMan wrote: »
    Where is that quote from? The English is pretty appalling if it's from a professional media outlet, and the punctuation is virtually non-existent.

    That's a quote from someone working frantically none stop all week doing 14-17 hour shifts, missing lots of meals. Working mostly outside in the cold whilst really ill and having a fraction of the sleep needed. I even considered going in my day off tomorrow as I have still important stuff to do which I can't really put off.

    Near broken at moment, just want to sleep. :(

    On a plus side got great results this week and house prices are still falling. ;)
    :beer:Food and bed now.

    good night all
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • heathcote123
    heathcote123 Posts: 1,133 Forumite
    CRASH_BANG_WALLOP wrote: »
    BOE = in 2012 mortgages will be a lot harder to get. yeah so who's word do i take yeah? the express or those at the BOE. man thats a tough one

    sibley looking stupid again

    Hmm... have the BOE been known for their predictive abilities then?
This discussion has been closed.
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