Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

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

1…170171173175176…275

Comments

  • saguk1234
    saguk1234 Posts: 64 Forumite
    I am glad that most do not share these HPI veiws and that most are are disgusted with HPI. Funny how its the same HPI idiots that are on this thread. HPI lovers are becoming extinct!
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    Crashy_Time wrote: »
    Why not tell us after the crash?

    If prices where to suddenly Crash by 40% within in the next 2 years I would still be laughing..............:rotfl:

    40% of £140k is £56k, means the house is valued at £84k, mortgage remaining around £86k.


    How much would I have paid in rent you ask? = £43k....

    Buying = I risk losing £2k if prices crash by 40%

    or I can guarantee a loss of £43k by renting...... HMMMMMMM CHOICES CHOICES!!!!!:D
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    wotsthat wrote: »
    Latest CML data - it's been quoted enough in this thread.

    Gross mortgage lending at six year high in July.

    Net mortgage lending for first six months higher than any corresponding period for five years.

    Transactions for the first six months 25% higher than last year.

    Number of FTB loans in June up 4.1% on last year and 30% up on 2012.

    Obviously Crashy and Squeaky won't approve because the only data they like is that which hasn't yet been released.


    http://www.cml.org.uk/cml/media/press/3620

    http://www.cml.org.uk/cml/publications/marketcommentary

    it looks like naive first time buyers may be propping up the market with the "i have to buy now because they'll keep going up" mentality
    many of my collegues are relatively recent immigrants think like this because they don't know about london bubbles
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    Crashy_Time wrote: »
    Why not tell us after the crash?

    No response .... Typical
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    saguk1234 wrote: »
    I am glad that most do not share these HPI veiws and that most are are disgusted with HPI. Funny how its the same HPI idiots that are on this thread. HPI lovers are becoming extinct!
    Not thinking there will be, or not praying for, a crash does not make anyone a HPI 'lover' or 'idiot'. I haven't read anything of that kind at all, whereas there are plenty HPC'ers practically wetting themselves with excitement at the thought of a crash and people losing money.
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • saguk1234
    saguk1234 Posts: 64 Forumite
    :rotfl:I am not the one who overpaid for my property.:T:j:beer::D
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    saguk1234 wrote: »
    :rotfl:I am not the one who overpaid for my property.:T:j:beer::D

    Just paying more in rent
  • System
    System Posts: 178,355 Community Admin
    10,000 Posts Photogenic Name Dropper
    I don't love HPI, I just love not being a renter.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    saguk1234 wrote: »
    :rotfl:I am not the one who overpaid for my property.:T:j:beer::D

    No you just overpaid in rent and you're guaranteed to see 0 return.

    You're determined to lose, buyers are trying to win :money:
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    saguk1234 wrote: »
    :rotfl:I am not the one who overpaid for my property.:T:j:beer::D

    73.5k purchase price in 1999. Mortgage paid off next year. Let's say I've paid double that, with interest (though the last 4 years it's been 1.5%) = 150k more or less.

    Rental value = £675. For arguments sake let's assume it's been that for 15 years and will be for the next 15. 30 x 12 x 675 = 303k.

    So, +150k better off after 30 years. Plus I have an asset that has more than doubled as of today and even by extreme HPC standards will surely be worth the same in 15 years.

    150k from saved rent + 75k HPI - maintenance, say 25k all in. 50k if you want to be extravagant.

    Minimum of 175k to the good.

    Please explain where the downside is here?
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture