Property Investment

Linton

Minrich wrote: »

Narrow minded view of Landlords - No

Too many people buying "Houses" and pushing their price ever upwards is my problem , i'm not one of those i'm alright jack people .

I want the youngsters in our country to be able to afford their own house , if it was only people who lived in the houses buying them the prices wouldn't be so high - Would they ?

Normal people in London cannot afford their own homes , this is spreading to the home counties and it will spread elsewhere .

We live in Suffolk and prices are ok in some places and stupidly high in others , as i say its spreading and most normal people don't like it

Houses are priced at what people are prepared to pay. There are insufficient houses for the number of people who might want one. Therefore prices will rise to the point that only enough people to fit in the available houses can afford to buy one. ISTM that landlords are actually helping the situation as rented houses have a higher population density than owner occupied. If all rented houses were converted to owner occupation more extra people would be chasing houses than extra houses put on the market. This would leave a larger number of people homeless/living with parents etc.

However this is a subject for a different forum - see "Debate House prices..." where it is discussed at length, repeatedly.

Nice_Weather_For_Ducks

The right time to buy property was 3-5 years ago when it was on it's uppers.

I wouldnt be too keen to invest now, as I have seen time and time again when something is rising stupidly every month it is near its peak!!

marathonic

Nice_Weather_For_Ducks wrote: »

The right time to buy property was 3-5 years ago when it was on it's uppers.

I wouldnt be too keen to invest now, as I have seen time and time again when something is rising stupidly every month it is near its peak!!

That depends on location. Here in Northern Ireland, property prices posted their first annual gain since 2007 during Q3 of this year - a total annual gain of 1%.

The average house price here is now 46% of the average value at the 2007 peak.

Nice_Weather_For_Ducks

marathonic wrote: »

That depends on location. Here in Northern Ireland, property prices posted their first annual gain since 2007 during Q3 of this year - a total annual gain of 1%.

The average house price here is now 46% of the average value at the 2007 peak.

Buy buy buy, as Del Boy would say!! This time next year.....

marathonic

Nice_Weather_For_Ducks wrote: »

Buy buy buy, as Del Boy would say!! This time next year.....

I've already bought last December. The overall rise in prices is 1% but detached properties in my area have rose above the average rate - about 5%.

If we get another 4-5% rise before remortgage time comes for me next year, I should have access to a 60% LTV mortgage

Minrich

Look at it another way then

If food prices became so high that people were starving would the government take some control ?

Same with houses , a house is a home and should never be an opportunity for already rich people to make more money and increase the price of houses . Thus putting them out of reach of the normal hard working people who are the majority

Otherwise we will end up like we were several hundred years ago when only the very rich owned land and property , the opposite of what Maggie Thatcher wanted and started the rush !