'We've reached a tipping point' Signs of house price weakness

Crashy_Time

AndyGuil wrote: »

The same things have been said before. It is always "different this time." The market will always follow the cycle. What has changed is we have even less houses for the amount of people.

And less cheap credit? http://globaleconomicanalysis.blogspot.co.uk/2014/08/new-yuan-loans-and-shadow-banking.html

System

Crashy_Time wrote: »

Have you ever won the lottery Joeskeppi?

Won a few tenners.

chucknorris

Joeskeppi wrote: »

Won a few tenners.

Me too, plus one time I got 4 numbers, they were also the first 4 numbers drawn, but the dream didn't last to the 5th number drawn.

Jack_Johnson_the_acorn

In 2011 When bought I was 25 in an average job(still there), wife's a nurse. House prices are incredibly affordable. I have factored in large rate rises, + 10% rates would still be manageable. London is a whole other kettle of fish, but if you want to live in a global cultural hotspot be prepared to pay a massive premium.

AndyGuil

Crashy_Time wrote: »

And less cheap credit? http://globaleconomicanalysis.blogspot.co.uk/2014/08/new-yuan-loans-and-shadow-banking.html

Mortgage rates are average at the moment.

wotsthat

Crashy_Time wrote: »

So I would be better off with 51k of debt and a flat I can`t sell, plus on going interest payments? Interesting.

You know when properties are on Rightmove it doesn't mean they can't sell - it means they're for sale.

Anyway if you want to sell why not reduce the price - there's plenty spare.

The buyer has spent £47k to fund accommodation costs and built £24k equity. The renter has spent about the same to fund accommodation costs and built £0 equity. The buyer is better off day after day and year after year.

You're blind to the cost of providing housing. You can't see beyond the price of a house and this month's rent.

Crashy_Time

chucknorris wrote: »

Me too, plus one time I got 4 numbers, they were also the first 4 numbers drawn, but the dream didn't last to the 5th number drawn.

A bit like the HPI dream then?

ChopperST

More good news crashy, oh wait...

http://news.sky.com/story/1319064/uk-growth-hits-fastest-annual-pace-since-2007

http://news.sky.com/story/1318960/rents-rise-again-as-home-costs-swallow-income

http://www.theguardian.com/money/2014/jan/16/rents-rise-tenants-outstrip-supply

Blooloo

KR200 wrote: »

snip

When it all crashes X percent they'll all buy naturally.

sure.

what is your point?

Blooloo

wotsthat wrote: »

You know when properties are on Rightmove it doesn't mean they can't sell - it means they're for sale.

Anyway if you want to sell why not reduce the price - there's plenty spare.

The buyer has spent £47k to fund accommodation costs and built £24k equity. The renter has spent about the same to fund accommodation costs and built £0 equity. The buyer is better off day after day and year after year.

You're blind to the cost of providing housing. You can't see beyond the price of a house and this month's rent.

not always.