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Debate House Prices
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If we vote for Brexit what happens
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When the next financial crisis (derivatives???) happens it will be very painful for banks therefore hurting newbie FTBs.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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There is no relationship between wages and house prices any more.
Low Wage Growth + High House Prices = Reduced Affordability (mainly FTBs)This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Crashy_Time wrote: »
Very interesting read.
Brings to mind the farcical behaviour of the credit ratings agencies and the role they played in 2008 financial crisis0 -
The only people it really effects is those who bought at or near the peak with a small deposit.mrlegend123 wrote: »It doesn't affect existing home owners who have been on the ladder for many years..........0 -
The only people it really effects is those who bought at or near the peak with a small deposit.
Where is the peak now???This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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mrlegend123 wrote: »When the next financial crisis (derivatives???) happens it will be very painful for banks therefore hurting newbie FTBs.
And in turn hurting people who need to sell their house to NFTB`s, especially if they have wild expectations as to pricing......:)0 -
mrlegend123 wrote: »There is no relationship between wages and house prices any more.
Low Wage Growth + High House Prices = Reduced Affordability (mainly FTBs)
And in turn = Reduced saleability. The real winners were the bankers who legged it with their ill gotten loot.0 -
I don't say 8-10% house price growth every year when wage growth is 1.5-2.5% per year........This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Who knows personally I wouldn't be surprised if it is now but then again I didn't see the last round of increases coming.mrlegend123 wrote: »Where is the peak now???0
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