Will prices go up or down?

onthemend88

This is not a real article, surely?

jimbog

MalMonroe said:

holyrottweiler said:

ElephantBoy57 said:

There is a pressure on house prices to fall, because peoples wealth will fall. If the Government are paying back debt, there will be less money in the system.

They will make sure that inflation will carry on, around or above 2%; the minimum wage and wages for the NHS will rise at 2%-3%

In reality no one knows. Life goes on I suppose.

I think we can predict

We can indeed predict; unfortunately everyone is predicting different things

Grumpy_chap

Will prices go up or down?

Why such a restrictive thread with only two options?
Why not an option prices remain static?

Davesnave

Surely the price is irrelevant. It's the value of money which matters. When governments have high debts they need to inflate them away ASAP.

But we might be looking at something somewhat beyond the traditional crisis here, in which case all bets are off, apart from investment in stockpiling toilet paper and cans of beans.

eidand

I can predict what will happen with 100% accuracy. 

Prices will go up, down or stay the same.

theartfullodger

1381 peasant's revolt likewise!

Crashy_Time

Davesnave said:

Surely the price is irrelevant. It's the value of money which matters. When governments have high debts they need to inflate them away ASAP.

But we might be looking at something somewhat beyond the traditional crisis here, in which case all bets are off, apart from investment in stockpiling toilet paper and cans of beans.

They have been trying to create inflation for 12 years, high inflation is bad for those with large mortgage debts, especially when interest rates start rising.

blue_max_3

Crashy_Time said:

They have been trying to create inflation for 12 years, high inflation is bad for those with large mortgage debts, especially when interest rates start rising.

I'm not sure that is entirely true. If inflation runs higher, the real value of the debt reduces. For example, if you owe someone £100 now and return it to them after ten years at 0%, it would be worth the same. Whereas if there was inflation, it would be worth less.
That is why the government like to have a target of 2%. It means their borrowing becomes worth less.
Obviously, if you can't pay the mortgage, that is another matter altogether.

Ozzuk

Housing market (mini) booming in Swansea, I've not seen this many houses coming on daily in a long time and prices are strong.  Neighbour sold his as soon as lockdown relaxed (at a great price), another friend is selling but every house she views is going under offer.   My purchase passed desktop survey and my house passed survey visit so values seem strong as well.

Of course this may not last, but strong right now.

royalmike

So I am buying at the moment cash buyer in Teignmouth Devon, offer accepted vendor leaving house empty so no chain, presently in rented completely different area.
 But I very much except house prices to go down quite a bit for the next couple years, so many unemployed and massive hits to GDP, but then with all this government printing press money do expect massive inflation and house prices to be considerably higher than today.
 I can't wait to buy personal circumstances otherwise probably would wait a year, there again it's a Home and not an investment will be there ten years minimum