Housing market gathers pace in March

MrRee_2

To be honest, who cares about the increased price of properties?

It only matters if you want to sell on ...... which is a waste of time really if one is receiving 12% yields? No point whatsoever.

In the meantime, renters are buying my properties for me. It really is a perfect situation.

The only thing which could upturn the applecart is Interest Rates. In that if they approach yields then it's better to have cash on deposit - so selling assets would be the way to go and those assets will drop in value.

But, in truth, those who have been buying very cheap property from 2008 to 2013 have no worries whatsoever. They have a win win outcome ..... but, it took balls of steel to buy in 2008 and 2009 - those who did derserve every penny IMO.

The sun is shining and I'm relaxing ...... rejoice!

Jonbvn

Saltywater wrote: »

I too own several property's, one is up over 35% in less than 2 years, some are down on the 2007-8 peak so have quite a way to go up in the near term.

The problem is how people are going to afford them in 15-20 years.

40 year mortgages?

Switzerlamd has unlimted term mortgages already!

http://www.ubs.com/ch/en/swissbank/private/mortgages/libor-mortgage/libor-mortgage.html

Saltywater

Jonbvn wrote: »

Switzerlamd has unlimted term mortgages already!

http://www.ubs.com/ch/en/swissbank/private/mortgages/libor-mortgage/libor-mortgage.html

That could become a real possibility for us too.

pbouk

AndyGuil wrote: »

RICs predict 6% per year for the next 5 years.

With the BOE base rate expected to rise next year, the 6% figure will not happen! maybe it will in london (probably double that in london) but not the rest of the country....people will start to panic with just a 0.25% rise.

moneyinmypocket

Exciting times I have seem nice increases in my property month after month

ruggedtoast

MrRee wrote: »

What problem?

All my properties are going up faster than I can remember, ever!

Those who cannot buy will have to rent - some jokers on here would have you believe that is the best option (of course we all know it isn't!).

There is no problem for most, sat on a nice golden egg in most cases, money in the bank, cheap money to borrow, leverage is back, you simply cannot lose ...... unless you wait to buy, then you lose with each day.

A friends house has just gone on the market, sold within hours - for the guide price (the EA said let's 'try' a high Guide to test the market!!) ...... personally, I laughed at the price being put on it (thinking they would have to drop, as they have bought elsewhere and may feel pressure to sell) ................ but, this madness is such that the guide price was paid - without haggling or question!

I'm shocked, I really am, but is it a problem to me? Nah, no way on earth! Rock on ..................

REJOICE!!

Snubs nose to those losers on HPC, beautiful .....

Do you have no compassion for those less fortunate than you? Those who are denied the chances you had in life?

Is all that matters to you now listening to the wails and lamentations of the forum hpc.co.uk as if they were sweet music?

AndyGuil

pbouk wrote: »

With the BOE base rate expected to rise next year, the 6% figure will not happen! maybe it will in london (probably double that in london) but not the rest of the country....people will start to panic with just a 0.25% rise.

It will make zero difference to the market. It is still vastly cheaper to own than rent. Also it isn't dead money. Historically the only time there was even a house price fall (albeit very slight one) and high base rate was when the base rate was approaching 15%!

chucky

pbouk wrote: »

With the BOE base rate expected to rise next year, the 6% figure will not happen! maybe it will in london (probably double that in london) but not the rest of the country....people will start to panic with just a 0.25% rise.

You hope...

chucky

MrRee wrote: »

To be honest, who cares about the increased price of properties?

It was only a month ago that threads were being started by salivating & frothing users of this forum on the previous statement from RICS were demand was weakening.

Saltywater

So 40 year or even lifetime mortgages, can anyone else think of ways that the FTB will be able to enter the market other than HTB or the bank of mum and dad?