Will House Prices Crash in 10-20 Years?

Aberdeenangarse

Crashy_Time wrote: »

Well I was right about landlords becoming a tax target, right about the Brexit vote, right that the property bubble sentiment would turn.......Hmmmm.....right that Aberdeen was going round the U-Bend.....:rotfl: All I`m saying is that it is a global Ponzi scheme, if you are too thick/overleveraged to admit that then there isn`t much point is us communicating over the wonderweb now is there?

I'd be feeling a bit thick if I'd been renting a bedsit for the last few years.

Thrugelmir

lisyloo wrote: »

FWIW - the people I know who MEWed are having to work til late 60's to pay back their mortgages, but they are still being able to pay it back and own a house at the end of it.
So not particularly savvy, but not disaster either as they'll still own a home in retirement and have no rent to pay.

Trouble is finding work becomes tougher and tougher for many. Health plays a major part in peoples ability to keep working as well.

lisyloo

Thrugelmir wrote: »

Trouble is finding work becomes tougher and tougher for many. Health plays a major part in peoples ability to keep working as well.

I agree. My BIL who's mewed a lit us a Lorry driver and he can't drive if he suffers ill health.
The fact us though that most of the time, most people will keep working and will be well.
I agree though that it's not a good way to manage finances, but I still think most will get away with it because most will carry on working.

chucknorris

lisyloo wrote: »

I agree. My BIL who's mewed a lit us a Lorry driver and he can't drive if he suffers ill health.
The fact us though that most of the time, most people will keep working and will be well.
I agree though that it's not a good way to manage finances, but I still think most will get away with it because most will carry on working.

I was going to retire this December but they asked me if I would be interested in just lecturing for one module, so it is only about a half day per week on average over the year. I don't need the money, but what I do want is the diversity and interest, that will help keep my brain active, it isn't possible that I continue well beyond state retirement age.

EDIT: It did make me wonder though, if significant numbers did this (now that it is much easier to work beyond state pension age), it is going to have an effect on younger people who need to work full time.

PixelPound

chucknorris wrote: »

I was going to retire this December but they asked me if I would be interested in just lecturing for one module, so it is only about a half day per week on average over the year. I don't need the money, but what I do want is the diversity and interest, that will help keep my brain active, it isn't possible that I continue well beyond state retirement age.

EDIT: It did make me wonder though, if significant numbers did this (now that it is much easier to work beyond state pension age), it is going to have an effect on younger people who need to work full time.

Its already happening. Not sure if you remember, last year when the Govt announced the increase in people in work, it transpired that the majority of those were part time roles. A YouGov poll showed that a high proportion of people in the part time positions wanted to do more hours.

The-Joker

ukcarper wrote: »

At times in the 70s in relation to earnings prices were quite high much higher tha early 2000s

In the late 1970s the silver to average house price ratio was under 1000oz to buy one average house.

Lately it has gone all the way to 50,000oz of silver to buy one average house.

Measure stuff with stuff, and you can see which stuff is over priced and which stuff is underpriced.

westernpromise

So silver was overvalued in the past, then?

allthingsmustpass

Crashy_Time wrote: »

Well I was right about landlords becoming a tax target, right about the Brexit vote, right that the property bubble sentiment would turn.......Hmmmm.....right that Aberdeen was going round the U-Bend.....:rotfl:

Id just like to add I enjoyed the fact that no-one disputed any of this, and yet still consistently claim that crashy time doesn't know what he's talking about.

Id also like to add since I won't be posting again for a long time that Im also enjoying the signs of capitulation I see in the posts here. Only now of course, they all pretend they don't care... despite posting crap here for months on end trying to prove they must be smart because they bought a house once. When the HPI ends, what meaning can they find in their lives? sad times ahead. :rotfl:

chucknorris

allthingsmustpass wrote: »

Id just like to add I enjoyed the fact that no-one disputed any of this, and yet still consistently claim that crashy time doesn't know what he's talking about.

Id also like to add since I won't be posting again for a long time that Im also enjoying the signs of capitulation I see in the posts here. Only now of course, they all pretend they don't care... despite posting crap here for months on end trying to prove they must be smart because they bought a house once. When the HPI ends, what meaning can they find in their lives? sad times ahead. :rotfl:

Let me settle this once and for all, Crashy obviously doesn't know what he is talking about (is that clear enough for you?) look where he isn't in life, and at what age he is! It isn't rocket science! No career (I'm assuming, as he never mentions it and well behind where he should be in terms of wealth, I'd be amazed if his overall wealth was anywhere near just my ISA total).

Of course HPI isn't the 'meaning of life' (why on earth would you think that it is for some people), but it has paid for our financial independence and allows us to do what we want, when we want to do it, it just simply pays for things, that's all.

chucknorris

westernpromise wrote: »

So silver was overvalued in the past, then?

You obviously have no idea how many ostriches you could have bought in 1977 with an ounce of silver, but don't worry about it, I too have no idea.