Are house prices falling?

EdInvestor

iAre you not scared witless that a tiny increase in IR rates has left the economy dead in the water? As inflation creeps up and IR rates follow, what state will we be in when we hit 6% or 8%? Or can that never happen anymore?

Tiny? Going on for a 50% increase from the lows, wasn't it?

Is inflation creeping up? Not apparently.

Will interest rates rise further? The markets think they will fall, not rise.

Will that boost confidence?It did last time. Would an interest rate fall stop a recession? Again, it did after the dotcom bubble burst.

Of course the past is no guide to the future and the trick in this case is to try to get a soft landing (no crash, no recession) without igniting another boom (as happened in 2003).

meanmachine_2

rizla01 wrote:

'As I point out to you??....' I take it that this means your points cannot be questioned?? THEY ARE FACTS, HUH?

How much money do you earn a week Meanmachine? (Since you have the chhek to ask how much i have borrowed in order to own my properties)

'right now I'm happy not to have any property, cos if I did?....does that sound a little like 'If I won the lottery this is what I'd do?'

You mentioned a little while back that I must be living in cloud cuckoo land.

You are one of lifes doubting Thomases that'll NEVER take a risk and resent every Landlord for DEPRIVING the likes of yourself from ever owning a property that you would never have taken the risk of purchasing anyway.

Don't come on here telling me that my ideas and investments are wrong based on your pumped-up image of your own opinions.

Speak from fact, not fiction.

No-one has a crystal ball but remember - He who dares, Wins.

From your safe seat, you will never make any mistakes. Right?



Well as I recall - A man that never made a mistake, never made ANYTHING.


Perhaps you'de be wise to remember those words of wisdom. They are offered free of charge but with no commitment on you to listen.

Happy Renting,

Riz

No need to get shirty. I'm merely saying that if you're banking on house prices to continue soaring by 10% y-o-y, you're in for a bit of a shock. That's all. You don't have to be so defensive.

And buy property at the current exhorbitant level? Nah mate. I'll leave that to considerably richer people like you. Enjoy your money.

meanmachine_2

Editor wrote:

Tiny? Going on for a 50% increase from the lows, wasn't it?

Sorry, I thought IR rates had gone up by just over one percentage point.

If you think that's a big increase, then that's your problem.

By my reckoning that's tiny.

But as US rates continue to rise, we'll finally start to see some real and substantive IR rate rises over here. At long last.

It's about time savers were rewarded for their *spit* prudence.

patchwork_cat

referring back to Savile Close. I know that you were talking about Savile Close, I used Stratton Rd to demonstrate my point.

The cul de sac you are talking about is on the side of the hill and each house probably has a very different view, but also have you taken into account the proposed development in Clifton. You have to view each house on its own merits, maybe 1 has been done up and another hasn't- these are not new houses, but at least 20 years old, if not more.

As I said I feel having observed the local market for some time that there is a cooling off, but I doubt there will be a tremendous drop per say- maybe some locales will suffer more than others- more a levelling.

In the north we copy the South for prices, so any correction will not be as sudden, but more gradual.

kingshir

Just wanted to say thanks to everyone who has voiced an opinion. The reason behind my question is I don't have an unlimited income and I don't want to be paying 'a top whack' monthly mortgage repayment if in a month or twos time, property prices are going to fall. Sorry if that sounds mean or greedy - it just seems common sense to me.

meanmachine_2

kingshir wrote:

Just wanted to say thanks to everyone who has voiced an opinion. The reason behind my question is I don't have an unlimited income and I don't want to be paying 'a top whack' monthly mortgage repayment if in a month or twos time, property prices are going to fall. Sorry if that sounds mean or greedy - it just seems common sense to me.

It's a tough call.

The thought of me having to pay £900+ to a bank every month for the rest of my life (or thereabouts) does frighten me, particularly when others who bought just three years ago have - by comparision - tiny mortgages for the same, if not much better, properties.

It's not correct, it's not fair and I'm having no part of it. But if you're content with it, then that's up to you.

On the other hand, the housing market is something of an oil tanker. It stubbornly moves one way, then takes a long time to move the other. One month here or there won't make much difference.

rizla01

meanmachine wrote:

No need to get shirty. I'm merely saying that if you're banking on house prices to continue soaring by 10% y-o-y, you're in for a bit of a shock. That's all. You don't have to be so defensive.

And buy property at the current exhorbitant level? Nah mate. I'll leave that to considerably richer people like you. Enjoy your money.

My defensiveness, correctly noted, is in direct response to your obvious aggressiveness as displayed by many of your posts.

What I'd like to know is what makes the present price of property 'Exhorbitant'?

You'll probably be eating your words in five years time if you wish to believe in all of the scaremongering going on at this time.


Oh and the figure stated was 6-10% not 10% as stated by you.

Riz

meanmachine_2

Forgive me, I assumed this was a money saving forum, not a shop window for property investors to talk up the market and persuade FTbers to pay over the odds for housing stock.

bridiej

Please could we keep on topic and be nice to other members.

All opinions are valid whether we agree with them or not.

Thanks
Bridiej

eurows

If you just go to https://www.rightmove.co.uk there is a link at the bottom of the page