Debate House Prices


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30% fall in property if no deal brexit

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Comments

  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes but those of us who got on with it almost had our mortgages paid off by 40.
  • Sailtheworld
    Sailtheworld Posts: 1,551 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    The-Joker wrote: »
    Yes the silver to house price ratio is very interesting

    Several hundred ounces of silver were valued the same as an average property when I was a baby, today I’m 40 and now tens of thousand of ounces of silver are valued the same as the same average property

    Property has gone up way more than anything else, and some things have become extremely undervalued

    If you'd bought when you were 25 you'd be 15 years into a mortgage at rates your parents would never had believed possible and sitting on a shitload of equity.

    Anyone that finds the ratio of a precious metal to house prices overly interesting is likely damaging their net worth on a daily basis.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The-Joker wrote: »
    Yes the silver to house price ratio is very interesting

    What about the donkey to house price ratio? Is that interesting too?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • phillw
    phillw Posts: 5,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The-Joker wrote: »
    Yes if you time it near the top of the property bubble and near the bottom of the gold bear market

    So you have to wait until the top of the housing market, sell the house, then wait for the bottom of the gold market, buy gold, then wait for the gold market to recover and sell it.

    I'm not sure I'll still be alive.
  • The-Joker
    The-Joker Posts: 718 Forumite
    The emergency low interest rates have to continue because the emergency is not over, it’s just getting worse
    The thing about chaos is, it's fair.
  • phillw
    phillw Posts: 5,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The-Joker wrote: »
    The emergency low interest rates have to continue because the emergency is not over, it’s just getting worse

    Well I agree it's not over, but there is no guarantee the interest rates will keep helping.
  • The-Joker
    The-Joker Posts: 718 Forumite
    phillw wrote: »
    Well I agree it's not over, but there is no guarantee the interest rates will keep helping.

    They are not helping anymore

    And they can NOT go any lower

    They tried to bring them back up to normal levels so they had a bit of room ready for the next crisis, but raise a little bit and a large crash would be seen
    The thing about chaos is, it's fair.
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    The-Joker wrote: »

    And they can NOT go any lower

    Clearly they can as they have been lower!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The-Joker wrote: »
    They are not helping anymore

    And they can NOT go any lower

    They tried to bring them back up to normal levels so they had a bit of room ready for the next crisis, but raise a little bit and a large crash would be seen

    ECB seems to believe that they can. The Fed likewise.
  • MobileSaver
    MobileSaver Posts: 4,343 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The-Joker wrote: »
    And they can NOT go any lower
    RelievedSheff wrote: »
    Clearly they can as they have been lower!

    Spoilsport! There's always one that lets facts get in the way of a good story! :rotfl:
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
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