House prices will not recover to their 2007 peak until 2024

wotsthat

armour wrote: »

How long would it take for debts to halve if we were to have 5% inflation for the forseeable?

I reckon it takes just over 14 years to halve the real value of a debt if inflation is at 5%. Get to 7.5% and it's less than 10 years.

IveSeenTheLight

robmatic wrote: »

It's 12.7% over the last 4 years.

Clearly the BoE aren't very good at this high inflation policy malarkey!

Compounded it's 12.7% over 4 years.
That makes it a rought trend of 3.05% per year.

I thought it would have been higher.

robmatic

IveSeenTheLight wrote: »

Compounded it's 12.7% over 4 years.
That makes it a rought trend of 3.05% per year.

I thought it would have been higher.

We did have a year of deflation between 2008/2009.

JonnyBravo

homelessskilledworker wrote: »

Just one tip for you, try and not generalise about every bear posting you read, not everyone one is a sad little man in a bedsit wearing NHS glasses embittered and alone who is wishing a property crash rather than knowing one will happen

It's reassuring to know this doesn't apply to the bulls and you can safely say they're all sitting at home really worried about a crash or interest rate rises as they're all soooooo indebted.


Or is it just you were in a bit of frenzy back then? Anyway it's a huge relief to see you back with this username rather than a new one. :rolleyes:

homelessskilledworker

JonnyBravo wrote: »

It's reassuring to know this doesn't apply to the bulls and you can safely say they're all sitting at home really worried about a crash or interest rate rises as they're all soooooo indebted.


Or is it just you were in a bit of frenzy back then? Anyway it's a huge relief to see you back with this username rather than a new one. :rolleyes:

Nice sunday morning rant!!

Only thing worth picking up on, I don't think ALL bulls are sitting at home worried about a crash and interest rates, I actually never really talk about interest rates except on the odd post where I have stated they will have to stay at present levels for a long time. But why let the truth get in the way of one of your dull rants:)

Morgage_Confused

Its difficult to generalise about the whole housing market. I can say for sure my house value has increased since 2007 by about 20%.

crash123

Morgage_Confused wrote: »

Its difficult to generalise about the whole housing market. I can say for sure my house value has increased since 2007 by about 20%.

I can say for sure that mine has decreased in value by about 15% and I live in Yorkshires golden triangle and I have just had another house valued at less than I thought.

IveSeenTheLight

crash123 wrote: »

I can say for sure that mine has decreased in value by about 15% and I live in Yorkshires golden triangle and I have just had another house valued at less than I thought.

Just goes to show that locality can make a difference.
Your down 15%,whilst others are up 20%.

Nett result is that we are seeing relavent stagnation.

crash123

IveSeenTheLight wrote: »

Just goes to show that locality can make a difference.
Your down 15%,whilst others are up 20%.

Nett result is that we are seeing relavent stagnation.

Yes stagnation but I am in Yorkshires golden triangle which is supposed to be immune to falls but it is not.

IveSeenTheLight

crash123 wrote: »

Yes stagnation but I am in Yorkshires golden triangle which is supposed to be immune to falls but it is not.

I don;t think any area is totally "immune".
I've not heard the Yorkshire golden triangle and whether it is immune or not.
Having worked and known people who lived in Leeds, I find it hard to preseume that the "golden triangle" would be considered as immune.
Indeed, I recall many discussions about Leeds falls back in 2008 (IIRC)