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Debate House Prices
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house prises in 5 years or ten years time
Comments
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Houses will go up in £'s but £'s will go down a lot so it might be a case of one step forward, one step back ... Or worse ... Or better.
Does that help
Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
scousedave wrote: »Where wil the cost of property be in 5 or 10 years time?
Your thoughts
Very rough estimates.
> 5 years time: House prices up 18-22%
> 10 years time: House prices up ~40%
Obviously the issue with predicting house prices is that government policy is a big influencer. I don't believe we're going to see any effective steps to deal with the housing shortage so expect prices to rise a little faster than inflation.
In theory they could increase faster but I think the shrinking disposable incomes and eventual increase in IR will stop that.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
They will probably be different to today.
Probably too expensive for many, and with a bunch of schemes to assist.
But at least my own mortgage will be a distant memory... 11 payments to go 0 -
10 years is way, way, too far ahead to predict.
who in 1997 would have predicted prices almost tripling within a decade, in a relatively low inflation environment.
who in 2007 would have predicted that prices [well, who knows, but it doesn't look like 'staying about the same' will be too bad a prediction] within a decade?FACT.0 -
Will the UK be struggling with a huge debt burden to service in 10 years time?0
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Thrugelmir wrote: »Will the UK be struggling with a huge debt burden to service in 10 years time?
Unlikely....
The National Debt has very rarely been lower than it is today.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Unlikely....
The National Debt has very rarely been lower than it is today.
Gosh, is that true?
Why was it so high in 1822? Was it because people had less to put in or all the Govt spending on infrastructure (rail/roads etc) I mean, there wasn't a welfare state back then....what was the money spent on?
I just bought a house built in 1821....and the whole area around it was built within 5 years around that date....I must go google 0 -
...
Why was it so high in 1822?...
aftermath of the napoleonic wars.
our current debt is really quite high by 'peace'time standards but does pale into insignificance compared to the sort of sums you rack up getting into wars against one of the world powers [occasionally carpet bombing the odd second world country into oblivion is only very moderately expensive, particularly if they have oil]FACT.0 -
Gosh, is that true?
It is indeed.
The national debt has only been lower than it is today for 30-40 years out of the last 350 or so.
Which does rather put things in perspective.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
However it's not been as high since the 60s.0
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