house price adjustment

carolt

pickles110564 wrote: »

Great even more money for those that have made it:j

chelseablue

I voted fall.

No particular reason just that they cant keep going up 10% a year forever. Can they.......??!

Interesting times ahead I say

Pobby

I certainly voted for fall.My house in the South West has nearly gone up 4 fold.That in 9 years is a pretty jaw dropping increase.Also,I remeber that the property had been on the market for a fair while and the vendor took a somewhat cheeky offer.In this part of the world wages are low and there is little to support the market unless you fancy a 5 to 10 times income mortgage.

bukup

the latest figures show that nearly 75% think prices will fall/crash.

with the latest figures showing an annual increase of just over 8% rise,will the tide be turning sooner rather than later....who knows ?

Again today figures quoting there is going to be 2-3 million property shortfall over the coming years.

This surely will hold the market stable or will it.....please let us all here your views.

Conrad

Where is this shortage?

Where ever I go there are plenty of homes for sale, many of which stay on the market for ages.

There is a shortage in California which represents the world fifth biggest economy. Prime developable land near utilities and communication links (ie - places where its viable to build) is in very short supply - BUT PRICES DOWN 27% ON AVERAGE. The average conceals the many properties down by over 50% IN 1 YEAR!!!!!!!!!!!!!!!!!!!!

bukup

Conrad wrote: »

Where is this shortage?

Where ever I go there are plenty of homes for sale, many of which stay on the market for ages.

There is a shortage in California which represents the world fifth biggest economy. Prime developable land near utilities and communication links (ie - places where its viable to build) is in very short supply - BUT PRICES DOWN 27% ON AVERAGE. The average conceals the many properties down by over 50% IN 1 YEAR!!!!!!!!!!!!!!!!!!!!

try watching the news....thankyou

pinkshoes

If anyone could genuinely predict property prices they'd be very rich!

There are too many factors for and against rises and falls to make a prediction possible.

I know people who sold 2 years ago after talks of a crash... I know people who are still buying because they believe property is a longterm investment that will one day make a good pension fund when mortgage free and sold.

bukup

pinkshoes wrote: »

If anyone could genuinely predict property prices they'd be very rich!

There are too many factors for and against rises and falls to make a prediction possible.

I know people who sold 2 years ago after talks of a crash... I know people who are still buying because they believe property is a longterm investment that will one day make a good pension fund when mortgage free and sold.

it does seem to be 6 of one and half a dozen of the other at present.....

but the poll reads differently to our opinions,although today the % of people voting for a market fall has dipped from nearly 55% to 50%.....interesting

pinkshoes

bukup wrote: »

it does seem to be 6 of one and half a dozen of the other at present.....

but the poll reads differently to our opinions,although today the % of people voting for a market fall has dipped from nearly 55% to 50%.....interesting

There's always going to be dips and rises in property prices, and maybe those that own a home rather than an investment property are more optimistic because it doesn't really matter to them whether prices fall or rise.

Maybe those that tend to initially contribute to a HPC debate are those that would benefit more from a HPC, and other people would just take one look at the thread, think "yawn", and not even bother looking at first?

I just think there could be alot more people reading in the "fall" or "I don't care" catagory, so the results will never be a true reflection of what people think or what will actually happen.

Are there many people who don't own a home, would like to, that have voted for the price rise option?

bukup

Are your views changing this week ?

Is your decision a long or short term choice ?

Please keep on voting..........