How interest rates affect property values

cells

Crashy_Time wrote: »

Social rents are paid by the state, in full or in part in most cases? What connection do you see to the mortgage market?

council homes are held up as cheap affordable housing (and they are)

so would it not be silly to call homes in the North, the Midlands, Wales, and most of Scotland, overpriced when they are cheaper than social homes?


The crash wishers lose all credibility by believing that prices in the uk, in each and every region of the uk are overpriced and expensive. its simply not true a large portion of the country is cheap and very affordable.

padington

The OP answer seems to be 'loads', especially in cities attractive to foreign finance ....

http://blogs.reuters.com/breakingviews/2016/05/17/chancellor-uk-housing-crisis-isnt-supply-problem/

.... And they are talking about low interest rates for many
years yet ...

More upside to come.

Crashy_Time

economic wrote: »

yes time will tell if prices drop 30% and my decision was wrong but i dont like to bet on a neccessity like a roof over my head. whereas you need prices to drop more then 100% for you to become right.

30%? and the rest maybe, that is the chance you take I suppose.

Crashy_Time

cells wrote: »

council homes are held up as cheap affordable housing (and they are)

so would it not be silly to call homes in the North, the Midlands, Wales, and most of Scotland, overpriced when they are cheaper than social homes?


The crash wishers lose all credibility by believing that prices in the uk, in each and every region of the uk are overpriced and expensive. its simply not true a large portion of the country is cheap and very affordable.

People who get their rent paid by benefits are not in the market for mortgages, you are confusing two different sets of people. Monthly payments are cheaper with emergency rates, but if the house still isn`t selling it is overpriced or in the wrong area. Why don`t you snap up a few BTL bargains in some of these areas if they are such good value? Or have you done so already and can`t offload....:rotfl:

economic

Crashy_Time wrote: »

30%? and the rest maybe, that is the chance you take I suppose.

30% if you consider the gains i made in my previous property and the imputed rent i would have otherwise had to pay if i never bought.

economic

tbh financially i will be better off if prices do drop so i can move up the ladder mroe easily.

but physcologically i wouldnt want them to fall.

Crashy_Time

economic wrote: »

tbh financially i will be better off if prices do drop so i can move up the ladder mroe easily.

but physcologically i wouldnt want them to fall.

Looks like you will be walking the mental tightrope in the months and years to come then? :rotfl:

Filo25

economic wrote: »

tbh financially i will be better off if prices do drop so i can move up the ladder mroe easily.

but physcologically i wouldnt want them to fall.

I think that's a common enough feeling for most homeowners!

Fortunately my purchase is a relatively long term one, so only really need to worry about values when I remortgage and when I eventually sell up, but that could be 20 odd years down the line.

economic

Crashy_Time wrote: »

Looks like you will be walking the mental tightrope in the months and years to come then? :rotfl:

not at all. i think if they fell in the next few months yes it would hurt me mentally. but few years no as i have a nice place to live in a very nice area. also when prices do fall mine should hold up pretty well given its location.

economic

Filo25 wrote: »

I think that's a common enough feeling for most homeowners!

Fortunately my purchase is a relatively long term one, so only really need to worry about values when I remortgage and when I eventually sell up, but that could be 20 odd years down the line.

mine is a 2 bed flat. i think my next (and last) purchase will be a large penthouse flat in a similar area within zone 2/3. price diferential probably around 2-300k more then current one. even less differential if prices fell. would be nice to have but i am happy where i am for now.