Do you want house price to rise or fall?

PixelPound

I'm not bothered, but whichever keeps rates the lowest. I do not intend to sell, move,or invest in the property market. Just want whichever keeps rates low until the mortgage is paid.

Alikay

Having experienced 15% interest rates and negative equity in the early 90's, I wouldn't want to see house prices actually drop by a lot. If they remained static over several years while salaries caught up, that'd be a drop in real terms without causing untold misery for the thousands of young families who bought their first homes fairly recently.

westernpromise

Alikay wrote: »

Having experienced 15% interest rates and negative equity in the early 90's, I wouldn't want to see house prices actually drop by a lot. If they remained static over several years while salaries caught up, that'd be a drop in real terms without causing untold misery for the thousands of young families who bought their first homes fairly recently.

Of course, you do realise that if you can remember 15% interest rates, negative equity, and house price falls, you're a rich and overprivileged boomer?

economic

I want prices to rise sh!tloads. As i own already and i will eventually inherit some too. Anything to make me more financially secure is good for me

King_Nothing

Fall then I'll pay back less HTB loan, then rise after I've paid off the HTB loan :rotfl:

Begsey

Don't mind right now, no plans to sell any time soon, and if that day ever comes, it'll probably be sold on to one of our children.

caronoel

Rich2808 wrote: »

Of course many of those arguing against a fall are many of the same people who were able to accumulate housing wealth in the 1990s because of the crash in the early part of that decade. A crash served them well once!

That is the upside of a crash - it provides you with a temporary very healthy investment opportunity

I bought a 2 bed flat in Clapham Junction in early 2009 for just under £225k, value now is £475k, and the tenants have graciously paid off most of the mortgage for me!

Another crash, although unlikely, would be a welcome buying opportunity for me.

tara747

King_Nothing wrote: »

Fall then I'll pay back less HTB loan, then rise after I've paid off the HTB loan :rotfl:

Have I missed something? Do HTB loans reduce if the house value falls?

Thrugelmir

tara747 wrote: »

Have I missed something? Do HTB loans reduce if the house value falls?

They do. There's less to repay.

Chrysalis

I voted fall because in my view houses are supposed to be a place to live not a money making machine.

Although I think the bigger problem is supply of affordable housing, so basically secure affordable places to rent. Thats probably the biggest problem facing UK society today, but people have their heads in the sand pretending it isnt there because of self interest.