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Debate House Prices
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How low will property go?
Comments
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So you think its good news for a house price collapse that the yield on 30 year UK government debt is now 1.25% then?
As far as the markets are concerned Interest rates are staying low for a VERY long time, which is obviously hugely supportive for housing in the medium to long term, no doubt we're due a correction now, although I'm surprised that locally houses still seem to be selling post Brexit, but it will be interesting to see what the Selling prices are.
They are trying to ward off a recession, which will slaughter house prices, and failing. People with much less than they anticipated in their pension pot are likely to become forced sellers.0 -
Crashy_Time wrote: »They are trying to ward off a recession, which will slaughter house prices, and failing. People with much less than they anticipated in their pension pot are likely to become forced sellers.
You just clutch at any straw you can and extrapolate it into the one that broke the camels back.
(My hobby, mixing analogies)0 -
So you think its good news for a house price collapse that the yield on 30 year UK government debt is now 1.25% then?
As far as the markets are concerned Interest rates are staying low for a VERY long time, which is obviously hugely supportive for housing in the medium to long term, no doubt we're due a correction now, although I'm surprised that locally houses still seem to be selling post Brexit, but it will be interesting to see what the Selling prices are.
I almost switched some ftse investments to another provider this week, which would have involved being out of the market for at least a couple of weeks. I didn't do it because I think equities might rise because of this, so IMO it isn't the right time to risk being out of the market (for a minor portfolio correction). But I've been wrong before.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Crashy_Time wrote: »They are trying to ward off a recession, which will slaughter house prices, and failing. People with much less than they anticipated in their pension pot are likely to become forced sellers.
Even if you achieved your wildest dreams of falling house prices, it still wouldn't put you back level where you were decades ago when you sold out of the market and rented (although I must say, I expect you not to get that point).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »I almost switched some ftse investments to another provider this week, which would have involved being out of the market for at least a couple of weeks. I didn't do it because I think equities might rise because of this, so IMO it isn't the right time to risk being out of the market (for a minor portfolio correction). But I've been wrong before.
there must be some sort of CFD or a simpler spread bet that can cover/insure any fall or rise in the interim.0 -
there must be some sort of CFD or a simpler spread bet that can cover/insure any fall or rise in the interim.
I don't believe in paying insurance (i..e paying the spread/premium). I don't have even have insurance on my house, or even my most valuable thing (my dog, you can always buy another house, but not the same Labrador!), I self insure.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »I almost switched some ftse investments to another provider this week, which would have involved being out of the market for at least a couple of weeks. I didn't do it because I think equities might rise because of this, so IMO it isn't the right time to risk being out of the market (for a minor portfolio correction). But I've been wrong before.
My pension pot seems to be up 15-20% since the Brexit vote
I think....0 -
I wonder why? What is making the FTSE increase???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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My pension pot seems to be up 15-20% since the Brexit vote
Only when measured in the Banana Republic currency that the GBP has become since the vote...
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
mrlegend123 wrote: »I wonder why? What is making the FTSE increase???
Because most of the big FTSE companies are international and benefit from the strong dollar0
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