**Don't Buy A House** House Prices Set To Crash!!!

dougk_2

I don't beleive that is fully correct - not all single people want a small house! I for instance although single at the time bought a 3 bed.

The number of "rich" people (eg millionaires) has increased to - hence because they have disposable income buy bigger houses. These TV programs show that too. Only last night on Location Location there was a single bloke buying a 5 bed house just for himself and a couple with 3 kids looking for a 6 bedroom house!

What I was trying to point out was where as a few years ago the number of adults living in an average house was maybe 3 or 4 now it is more like 2.... In smaller houses where it was couples its now individuals. Regardless of the size we need twice as many houses as we used to.

Not meaning to be in anyway sexist, but say ten or twenty years ago very few young females owned their own homes - now as there are many more professional working women who are independant they do.

Well thats my theory anyhow... I guess we all have our own views.

Galstonian

Extra one person households do affect average house prices. One of the contributing factors to single person households is the number of divorces. It is very often the case that where there was once a family occupying a large house that, after a break up, there is still a large house but a single person dwelling is required as well. While this increases demand it also means that affordability changes too since the same income must now stretch to two homes. Its a complex picture but surely there is some affect on prices?

young

Bizarre topic title that caught my attention, but started 10 MONTHS ago!

Irrelevant advice and should NOT be a sticky.

Change the topic title please?

dougk_2

The title will be valid for years - somebody out there always thinks that property prices are about to crash!

dippy

dougk wrote:

I don't beleive that is fully correct - not all single people want a small house! I for instance although single at the time bought a 3 bed.

When did you buy that house? Do you think right now, with prices as they are, a huge percentage of single people can afford to buy 3 bedroom houses?

dippy

dougk wrote:

The title will be valid for years - somebody out there always thinks that property prices are about to crash!

How long did it take from peak to trough in the last crash in the early nineties?

Dan29

young wrote:

Why is this a "sticky" ?

Bizarre topic title that caught my attention, but started 10 MONTHS ago!

Irrelevant advice and should NOT be a sticky.

Change the topic title please?

I agree 100% with this post - why has this thread been made sticky?

frugal_dougal_3

Dan29 wrote:

I agree 100% with this post - why has this thread been made sticky?

It's because every conceivable viewpoint has already been posted and it is now going round for the second (or third) time.

Also some pages were lost in the recent update, so it would be even longer than it is now.

Dan29

Okay. But why's it sticky? Popular threads will remain near the top of their own accord.

bridiej

Dan29 wrote:

Okay. But why's it sticky? Popular threads will remain near the top of their own accord.

This has been a "sticky" for months, not sure why but unless everyone is fed up of seeing it there then it will stay.