House Price Rise Discussion Thread

franklee

I've been thinking more about house prices and I really think they are going to rise. House prices will rise because of immigration and as they aren't making any more land. I've been watching house prices for a while now and they are still going up. I admit to being wrong before, I am going to buy now :money:

macaque_2

franklee wrote: »

I've been thinking more about house prices and I really think they are going to rise. House prices will rise because of immigration and as they aren't making any more land. I've been watching house prices for a while now and they are still going up. I admit to being wrong before, I am going to buy now

You theory only works for as long as house prices rise strongly. The moment they reach a plateau or start falling, the demographic rules will change. As you are probably aware, a high proportion of immgrant salaries have been funded by mewing and speculative spending. The rate of mewing alone for example is sufficient to fund the salaries of between 2 and 3 million immigrants. If the mewing and/or speculation stops, the tide of immigration will go into reverse. Don't forget that East European economies are now growing rapidly and salaries are rising.

Jonbvn

Watching Sky News this morning and the IMF are saying that UK house prices are possibly over valued by up to 40%.

pickles110564

Jonbvn wrote: »

UK house prices are possibly over valued by up to 40%.

A house's value is only what someone is prepared to pay for it,not what all these so called experts say.

movilogo

Looks like it is going to be another house price CRASH thread!

Immigrants come here to earn more money, not to spend more money! If the house price becomes higher & higher, they would rather save the money and buy a property in their own homeland.

History teaches us that we didn't learn anything from history. House price may not crash in reality but it will slowly decrease.

WTF?_2

macaque wrote: »

You theory only works for as long as house prices rise strongly. The moment they reach a plateau or start falling, the demographic rules will change. As you are probably aware, a high proportion of immgrant salaries have been funded by mewing and speculative spending. The rate of mewing alone for example is sufficient to fund the salaries of between 2 and 3 million immigrants. If the mewing and/or speculation stops, the tide of immigration will go into reverse. Don't forget that East European economies are now growing rapidly and salaries are rising.

Indeed - many of the more industrious immigrants (ie the Poles) are here to actually work and not to scrounge off the system.

Should the UK economy take a dip they may well decide to go somewhere else in Europe with better work prospects or back to Poland where the economy is fast improving (apparently Poland is having to 'import' a lot of workers from places like the Ukraine to fill demand).

I wonder just how much BTL business hangs on housing immigrant workers?

pickles110564

!!!!!!? wrote: »

I wonder just how much BTL business hangs on housing immigrant workers?

not mine .

Woby_Tide

this was always bound to happen though after 4 years of the house price crash, prices had to rebound eventually

JohnInDebt

There will be no crash!!!

House prices only go up!!!

Buy one soon before you miss out!!!

Romani_Ite_Domum

who are these immigrants?
What do they do?
Where do they live?
Do they buy houses?
Are they here long term or will go home at some point?

Only immagrants I know of where I live, work in very low paid jobs in agriculture. They make money to send home. They live on farms in squallid conditions and the rent comes out of their pay. Are these the immagrants we are talking about?

kingkano

Romani_Ite_Domum wrote: »

who are these immigrants?
What do they do?
Where do they live?
Do they buy houses?
Are they here long term or will go home at some point?

Only immagrants I know of where I live, work in very low paid jobs in agriculture. They make money to send home. They live on farms in squallid conditions and the rent comes out of their pay. Are these the immagrants we are talking about?

you live in a very tiny micro-cosm. I am an immigrant who came here 8yrs ago from Australia, and have settled and since bought/sold 2 houses.

I know maybe a dozen friends who have settled like me (from various places, oz, nz & india). Some havent bought houses some have.

Most people think immigrant is a dirty word to describe dole scrounging africans or east europeans that come to do manual jobs. Your just encouraging the stereotype so I am arguing that.

I dont agree with the OP that immigration in and of itself is forcing house prices but it does factor into the equation. Other factors also affect immigration and what people decide to do when they get here too....