Do you want house price to rise or fall?

Smellyonion

I am in a fortunate position where I would benefit in both instances.

With the equity loan, if they fell, i would purchase the governments share at a much lower rate.

If they rise, my 80% share will rise.

I am hoping to move in 4.8 years to avoid interest on the equity loan when it matures. If they fall, I buy out the government and stay for longer until they rise. If the rise I gain equity in my share and move within 5 years.

jimbog

Surprised by this prices growth
https://www.bbc.co.uk/news/business-45095021?intlink_from_url=https://www.bbc.co.uk/news/topics/cdl8n2edgj5t/housing-market&link_location=live-reporting-story

lisyloo

Look at the graph.
Does it represent a sustained trend?
I'd say no.

westernpromise

It's a downtrend - the peaks are lower and so are the troughs. If the market's not flatlining already it soon will be.

I don't really see what will propel prices higher in the near future.

BankCustomer

Don't really mind. Want to live here for about 30 years until I die. My children will only be first time buyers and or trade up ever so falling prices are not really an issue for any of us as we never downsize. Even my own parents bought and lived in their one house for 50 years until they died in the house (literally died in it)

snowqueen555

Seeing some price action where I am, more properties up for sale in the low end. I can only hope this continues and gives more low earners like myself a good chance at ownership

sunsout

I honestly don't care too much. I bought my first (and current) house just before the market collapsed in 2007. On a house costing 120k off-plan a series of recent valuations have an average figure of 60k. I don't want to or plan on moving but just as well because there'd be no way I could manage it anyway being in negative equity still from the last recession.

ftbwannabe

I'd like them to fall so I can afford somewhere*, I'm in my 40s & it's never seemed possible to buy here (South East). But I want my friends' & family not to be in negative equity.
*preferably somewhere that isn't full of damp & on a busy road full of trucks, but desperation might lower my standards

gazzabboi

They will be a steady +2% I think. Still below inflation, but no reduction in value

Nullboris

Selfishly Id like prices to rise ..mainly because I think I'll get an inheritance.
But really prices are way too high now , along with rents .. rents should be lowered, it makes little sense for the Gov to be paying a subsidy for the low paid to pay off somebody's mortgage.
The top 1% have increased their take by 120% .. never believe their bleatings about being hard done by.
Why does P green need 3 luxury yachts .. does he feel the need to give work to underprivileged butlers and cocktail waiters?
ftbwannabe : If you havent lowered yout standards yet , it may be too late