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house price crash!!!
Comments
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yawn yawn and round and round in circles we go, give it a rest hey
How may variations on this subject can you have?0 -
about 4 years ago I was going to buy a house but would have had to get my loan on overtime at work. I decided not to, then all overtime stopped in work and the bank of england started putting the interest rates up (very lucky).
Losing the overtime is unlucky, but the BoE rates 4 years ago were the lowest in decades, even taking a long term fix at that point would have probably been the most sensible option anyone would have ever taken in retrospect. (Technically 4 years ago they hadn't even bottomed yet)0 -
There are a couple of factors at play in the property market that will almost certainly change in the next few years.
Cost of flats is too close to the value of bungalows and houses.
And there appears to be an abundance of them in certain areas, so the price of these COULD fall or they will stagnate while other property rises, (maybe.)
If the demand for flats increases then they could, in theory, overtake the price of a bungalow.
In Southend there are New flats at 180k and a detached bungalow at 180k. Both two beds.
Figure that?
The £250 Stamp duty price barrier will have to move to get the market moving.
The only uncertainty at the mo is the HIPs which has been delayed yet again.
It's this uncertainty that is causing a bit of a stir in the Property Market IMO."Unhappiness is not knowing what we want, and killing ourselves to get it."Post Count: 4,111 Thanked 3,111 Times in 1,111 Posts (Actual figures as they once were))Women and cats will do as they please, and men and dogs should relax and get used to the idea.0 -
yawn yawn and round and round in circles we go, give it a rest hey
How may variations on this subject can you have?
I agree with you but I can't help thinking that you're on the wrong thread if that's what you think.
If I was bored of people discussing possible future falls in house prices I wouldn't go to a thread called 'house price crash!!!'!0 -
ok, the crash may or may not happen.
if it does, it could be anything from 0.0001% to 100% given time.
if it doesn't, prices could rise anything up to 100000000% given time.
As the potential to rise is clearly greater than the potential to fall, property is ALWAYS a good investment.
Did the Romans in 100BC think Property was a good investment & that it always went up?0 -
A_Fool_&_His_Borrowed_Mon wrote: »Did the Romans in 100BC think Property was a good investment & that it always went up?
I believe the bears who wrote wax tablets over at www.domuspretiumfragosus.com put a dampener on the market for many years0
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