House price crash brigade - doomsayers/mongers or optimists?

dolce_vita

tr3mor wrote: »

I heard about an explosion in a pillow factory... :rotfl:






I'll get my coat!

:T

Oh yeah.

I forgot about that one.

mystic_trev

Optimists

epz_2

Doomsayers

wheres the vote for apocaliptic?

lets see the wests banking and energy supply is now substantially dependant on the russian mafia, islamic nutters and an expansionist china.

our entire manufacturing base has been outsourced.

there is a serious resource crunch cause nobody bothered investing in hydrogen storage and replacing our genenerating capactiy.

lack of infrastructure investment resulting in increased flooding events and gridlock and reduced productivity.

massive growth of government numpty jobs and pay rises with no productivity increases which cant be funded by a declining tax base.

a huge retirement bill from the baby boomers who are about to turn 65 and get pensions plus serious spikes in nhs healthcare costs.

blowback from all the iraques whos country we have helped destroy by following americas nation building plan which was basicly the 1945 germany one with the name crossed out and no troops/planning.

nukes in iran or israil bombing the hell out them when they get close.

and then theres that 120 year average till a major asteroid stike thing which we are close



edit forgot to add the massive debt as a % of out income

ManAtHome

epz wrote: »

and then theres that 120 year average till a major asteroid stike thing which we are close

Phew, all the fault of the previous adminstration then...

I did actually hear that on R4 question time yesterday - not the asteroid, the "not deporting non-resident criminals" thing, got more laughs than the Now Show (which was quite good this week).

BTman

Optimists

My My..

How sentiment has changed the past few months.

Mwahahaha :j

bluejake

gillbee wrote: »

I'll go with optimist. Living in a bought flat in Glasgow and hoping to sell up and upsize next year. Housing market seems to have slowed a bit however demand for flats is still high here and I don't think I'll have an issue selling.

As for buying - we're going in at nothing more than 3 times our combined income and hoping to head to an area in a good school catchment which usually keeps prices fairly stable. I'm also hoping that Glasgow's regeneration program linked with the commonwealth games win and increased investment in the city will keep demand high.

That said, if the value decreases then we're not looking to move on. Short of a rate increase of 400% I think we'd ride out any rough years.

Surely you have got this back to front. If you want to 'upsize' then increasing prices will cost you more. A reduction in prices means will cost you less.

martinbuckley

As this is a Website dedicated to Money Saving, get a few grand (or ten) off the price of a home must be Money Saving at its best.

30% Correction over the next 2-3 years should suffice, then those on average wages could actually think about being able to afford a place again.

HenryWeston

Optimists

I would say Optimists, whats so great about paying a fortune for a home at the expense of everything else. would it be great it food tripled in price in a few years?

firsttimetom

Optimists

I also vote optimist.

My siggie is a quote from someone on an unmentionable forum, but I think it sums it up quite nicely.

nicola1982_2

Yeah I'd say optimist, too many of my 20 something friends are 'choosing' to buy a house and not have kids as a sacrifice. Nice choice to have to make. Even two working parents would struggle with childcare costs and a mortgage at the current average house price. Single income won't even cut it in a child friendly area. So unless you're happy for your kids to grow up in a ghetto you probably have to rent (and even then you'll struggle).