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Debate House Prices
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Are the property bears relieving themselves in the woods ?
Comments
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Not entirely true. I own a property outright, and would be more than happy to see it go down in value as a process of homes becoming more affordable. Nothing to do with self interest, just a simple realisation that more affordable housing is (much like more affordable food or energy) a socially good thing. It's no good me gaining paper wealth if the cost of that is more and more people unable to afford decent housing.
I feel the same way too as an outright property owner. I know my home is very overvalued and would like to see prices drop so others get the chance I had of being a homeowner with affordable housing.0 -
I feel the same way too as an outright property owner. I know my home is very overvalued and would like to see prices drop so others get the chance I had of being a homeowner with affordable housing.
You can, just make sure to sell your house for half it's price next time it's up for sale.
Not so tempting now ?Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
You can, just make sure to sell your house for half it's price next time it's up for sale.
Not so tempting now ?
Yes I can do that and help one person, I'm not a selfish person. Unfortunately it doesn't help the many thousands of others who can't afford to buy due to very overpriced housing.0 -
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You can, just make sure to sell your house for half it's price next time it's up for sale.
Not so tempting now ?
Of all the arguments posted on this site, this (and you're not the only person using it to be fair) has to be the weakest . . . .yes, even weaker than the inane drivel spouted by the likes of Crashy Time.
You know, I know, and everyone with even half a brain knows that it just doesn't work like that. To take my own situation as a proxy, the only reason I would ever sell my little pad would be to buy something bigger in the same area. That means I'm transacting in the local market, and I need to buy at current market levels. If I don't sell at current market levels too, I can't move. So the "option" of selling at a hefty discount simply isn't there in practical terms. I either sell at current prices, or I cannot sell at all.
Just about the only thing I can do, (and will do should I sell in the future) is to try and ensure that the property goes to an owner occupier rather than BTL. At least that way the property is used to enable an aspiring homeowner to start their journey, rather than being taken out of the owner occupation pool and used purely for profit. But beyond that, there is little I (or most other homeowners) can practically do . . . . .and what's more, you (along with everyone else using that argument) know it.0 -
Of all the arguments posted on this site, this (and you're not the only person using it to be fair) has to be the weakest . . . .yes, even weaker than the inane drivel spouted by the likes of Crashy Time.
You know, I know, and everyone with even half a brain knows that it just doesn't work like that. To take my own situation as a proxy, the only reason I would ever sell my little pad would be to buy something bigger in the same area. That means I'm transacting in the local market, and I need to buy at current market levels. If I don't sell at current market levels too, I can't move. So the "option" of selling at a hefty discount simply isn't there in practical terms. I either sell at current prices, or I cannot sell at all.
Just about the only thing I can do, (and will do should I sell in the future) is to try and ensure that the property goes to an owner occupier rather than BTL. At least that way the property is used to enable an aspiring homeowner to start their journey, rather than being taken out of the owner occupation pool and used purely for profit. But beyond that, there is little I (or most other homeowners) can practically do . . . . .and what's more, you (along with everyone else using that argument) know it.
hahaha but at least crashy is funny
i have to say you seem to be the only person on this site that talks any sense0 -
Bubble_and_Squeak wrote: »hahaha but at least crashy is funny
i have to say you seem to be the only person on this site that talks any sense
sorry, i should say the only one who talks any sense that participates in the debates on the threads that i follow and post on.
i'm sure this site has many people who talk sense on the threads i don't read0 -
Bubble_and_Squeak wrote: »sorry, i should say the only one who talks any sense that participates in the debates on the threads that i follow and post on.
i'm sure this site has many people who talk sense on the threads i don't read
Or write.
Personally I think many people including myself would like houses to be free but that's a side argument. The only bear / bull debate is which direction is the market going or how is the market going to change.
People really need to stop confusing the two.
The real answer is probably up and not much, invest accordingly.
Don't be surprised if things double again before this economic cycle is over.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
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Or write.
Personally I think everyone would like houses to be free. It's not an argument. The only bear / bull debate is which direction is the market going.
People really need to stop confusing the two.
You do realise that if house prices weren't heated to such an extent, the differential to that 'next house up' wouldn't be so much.
That might mean you could move rather than consider a loft conversion in a property of limited size (your other thread).
Fortunately, for most of us in the parts of the country outside London / S.E, the problem is nowhere near as bad. You can find reasonably priced properties here in the NW a short drive from areas with property carrying significant price tags. Something to suit everyone you could say.0
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