How much can house prices keep rising ?

veryintrigued

padington wrote: »

I wonder how many people voted for Brexit thinking it would help first time buyers?

No-one sane.

Crashy_Time

chucknorris wrote: »

Do you think his mortgage has that many years left to run?

I just think he talks a load of Cack.

padington

Crashy_Time wrote: »

Do you think a Robot is going to buy your house Padders? :rotfl:


God this place makes me laugh....

We developed loads of robots two hundred years ago, they made clothes for us.

https://en.wikipedia.org/wiki/Luddite

Guess what happened to London house prices afterwards ?

http://www.thisismoney.co.uk/money/mortgageshome/article-2144226/Average-house-price-risen-100-times-Queen-crowned.html

westernpromise

I'm only in year 9 of my 20-year base-rate-plus-0.79% tracker.

And I reckon rates could still go down from here before they go up.

padington

London up 1.8% in December according to ONS. The biggest monthly rise, second only to the West midlands that made a 2.2% in one month.

London 8.1% annually

Nationally 7.2

South East of England 8.6%

East of England 10.5%

http://www.mortgageintroducer.com/ons-london-house-prices-continue-rise/#.WH5bs1WLRpg

http://www.thisismoney.co.uk/money/mortgageshome/article-4127404/Annual-house-price-inflation-rises-6-7-says-ONS.html

Crashy_Time

padington wrote: »

London up 1.8% in December according to ONS. The biggest monthly rise, second only to the West midlands that made a 2.2% in one month.

London 8.1% annually

Nationally 7.2

South East of England 8.6%

East of England 10.5%

http://www.mortgageintroducer.com/ons-london-house-prices-continue-rise/#.WH5bs1WLRpg

http://www.thisismoney.co.uk/money/mortgageshome/article-4127404/Annual-house-price-inflation-rises-6-7-says-ONS.html

Got the stats for sales volumes?

padington

Crashy_Time wrote: »

Got the stats for sales volumes?

Down, people in the top stamp duty tax bracket aren't bothering to sel or buy. It's a tight market squeezing prices on modest family homes.

As I said would happen.

You over tax a large box of pop corn so each corn is more expensive than the small box, everyone wants to buy the small box.

Whilst everyone holding a small box, doesn't want to sell, thinking wisely small boxes will be worth more and more because of the sudden extra rarity given the pop corn making machine being so slow and the new customer base increasing so fast.

Especially where the best films are being played.

westernpromise

Pop corn is a good analogy.

You go to the cinema and find they sell

- 250g bags of popcorn for £1 each, or
- 500g bags of popcorn for £5 each.

If you want 500g popcorn, do you buy

a: 2 small bags for a total of £2, or
b: 1 big bag for £5?

George Osborne apparently believed the answer was b.

wotsthat

Crashy_Time wrote: »

What about the next 30 years? :rotfl:

I'll be mortgage free for most of them and you'll be renting for all of them.

AdrianC

westernpromise wrote: »

Pop corn is a good analogy.

You go to the cinema and find they sell

- 250g bags of popcorn for £1 each, or
- 500g bags of popcorn for £5 each.

If you want 500g popcorn, do you buy

a: 2 small bags for a total of £2, or
b: 1 big bag for £5?

George Osborne apparently believed the answer was b.

So buying two cheap houses is, somehow, the same as buying one expensive one?

Can you explain to me how that works?

http://www.rightmove.co.uk/property-for-sale/property-54922303.html
plus
http://www.rightmove.co.uk/property-for-sale/property-63179339.html
would give me four bedrooms in West London for a million quid. Is that somehow equivalent to
http://www.rightmove.co.uk/property-for-sale/property-57564919.html
or does it perhaps not quite work like that?