We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
what do the HPC mob think prices will drop too
moneyinmypocket
Posts: 908 Forumite
there is a lot of threads of the HPC cheer leading squad - pointing any bad press as further proof of a pending HPC - please let me know what you think prices will drop to and what you consider a HPC?
At the moment prices are well priced with record low IR - do you really think it would be better to have house prices half price and treble the IR??
At the moment prices are well priced with record low IR - do you really think it would be better to have house prices half price and treble the IR??
0
Comments
-
Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0 -
moneyinmypocket wrote: »there is a lot of threads of the HPC cheer leading squad - pointing any bad press as further proof of a pending HPC - please let me know what you think prices will drop to and what you consider a HPC?
At the moment prices are well priced with record low IR - do you really think it would be better to have house prices half price and treble the IR??
Yes I do is the answer...
Speaking as a selfish me, I would do well out of it.
And secondly I think the UK economy would in the long run be better off.
Just one example and a question to you, do you think badly needed housing should not be built because of the fear that YOUR house might lose a little value.
And I would say a crash is about 30% off peak, nominal.0 -
moneyinmypocket wrote: »there is a lot of threads of the HPC cheer leading squad - pointing any bad press as further proof of a pending HPC - please let me know what you think prices will drop to and what you consider a HPC?
At the moment prices are well priced with record low IR - do you really think it would be better to have house prices half price and treble the IR??
Do you have a good,well-paid job?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
moneyinmypocket wrote: »there is a lot of threads of the HPC cheer leading squad - pointing any bad press as further proof of a pending HPC - please let me know what you think prices will drop to and what you consider a HPC?
At the moment prices are well priced with record low IR - do you really think it would be better to have house prices half price and treble the IR??
Yes I think this could be far better, mortgage rates at say 9.5% and average house prices at 80k, can't be bothered to work out the maths but higher rates would discourage the holding of too much debt and encourage the debt people have to be paid off more quickly.
It would also likely have the added benefit of similar savings rates, encouraging people to save for the things they want and giving a decent return instead of being absolutey shafted has they've been over the last few years.Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0 -
why don't you ask the HPC mob what they think through the medium of HPC. as you many have noticed, this is not HPC.0
-
Yes I think this could be far better, mortgage rates at say 9.5% and average house prices at 80k, can't be bothered to work out the maths but higher rates would discourage the holding of too much debt and encourage the debt people have to be paid off more quickly.
It would also likely have the added benefit of similar savings rates, encouraging people to save for the things they want and giving a decent return instead of being absolutey shafted has they've been over the last few years.
Reward the wealthy, hammer the poor. That will be great for the country.0 -
House prices will never drop.
5% either way for next couple of years then up up and away.We love Sarah O Grady0 -
-
-
+
Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards