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Debate House Prices


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How much can house prices keep rising ?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC wrote: »
    So, umm, how are you defining what it's worth?

    The usual definition - and we're not just talking about houses - is what somebody is willing to sell for, and what somebody else is willing to buy for. There really aren't many other ways to define what something's "worth", unless you're trying desperately to prove some kind of political point.


    Too simplistic, you have to include sentiment, credit availability and interest rates as well, and also IMO the proximity of the last crash. In this case the last crash is ancient history, and there is a whole generation who knows nothing about even mildly high interest rates. Perfect ingredients for a crash actually........
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    economic wrote: »
    I'm thinking about buying another London property but not sure where. Ideally in zone 2. Buy to let. 2 bed upto 650k. Any suggestions?


    Read an investment book, and get out of London......:rotfl:
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Too simplistic, you have to include sentiment, credit availability and interest rates as well

    Not at all - they're factors in what the vendor is willing to sell for, and what the buyer is willing to pay.
    and also IMO the proximity of the last crash. In this case the last crash is ancient history, and there is a whole generation who knows nothing about even mildly high interest rates. Perfect ingredients for a crash actually........

    <clicks stopwatch off>
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    chucknorris wrote: »
    You mean like quite a lot of people from the HPC website did in the early noughties?


    How are things coming along with exiting the market at bubble + prices?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC wrote: »
    Not at all - they're factors in what the vendor is willing to sell for, and what the buyer is willing to pay.



    <clicks stopwatch off>


    The clock stopped when the Trump/Brexit votes came in, it just takes time for people to notice.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    The clock stopped when the Trump/Brexit votes came in, it just takes time for people to notice.
    You are funny.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC wrote: »
    You are funny.




    You really think it is business as usual from now on?
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 16 January 2017 at 9:49PM
    Crashy_Time wrote: »
    How are things coming along with exiting the market at bubble + prices?

    I'm not sure if it was ever 'exciting' but it was much more interesting years ago crashy, when I was trying to get to financial independence, but I'm long past the 'job done' stage now.
    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 stop
  • economic
    economic Posts: 3,002 Forumite
    chucknorris wrote: »
    I'm not sure if it was ever 'exciting' but it was much more interesting years ago crashy, when I was trying to get to financial independence, but I'm long past the 'job done' stage now.

    im trying to get to financial independence too. owning a property makes it so much easier to get there as thats a huge expense and burden gone.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    You really think it is business as usual from now on?
    How long have you and your ilk been predicting the sky's about to fall on people's heads?
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