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Future House Prices, with poll

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Comments

  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    First Post Combo Breaker
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    Running_Horse wrote: »
    Who cares?

    Prices rise and fall, but as long as you can afford the repayments and don't need to cash in the equity, the level of price is irrelevant.
    Well as most of us will move or want to move/buy/sell in the next 15 years, I would suggest we all do.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • brit1234
    brit1234 Posts: 5,385 Forumite
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    somewhere in 2012
    Running_Horse wrote: »
    Who cares?

    Prices rise and fall, but as long as you can afford the repayments and don't need to cash in the equity, the level of price is irrelevant.

    Us first time buyers priced out of the market care.

    Big falls already happening together with ever spiraling down mortgage approvals.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
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    somewhere in 2013
    Voted 2013, but think even that is a bit optimistic. Too many variables for it to be anything more than speculation though.
  • SquatNow
    SquatNow Posts: 2,285 Forumite
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    somewhere in 2013
    hearts wrote: »
    Has it reached the top?

    Are you seen the papers lately?

    I have to say I voted 2013, I know it will be later than than... probably 2018.

    Prices have overshot so much this time that if the follow long term trends they may well undershoot by the same level... in which case average price will be close to £50k instead of current £190k.... so 75% drops.
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • Running_Horse
    Running_Horse Posts: 11,807 Forumite
    First Anniversary Combo Breaker
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    SquatNow wrote: »
    Are you seen the papers lately?

    I have to say I voted 2013, I know it will be later than than... probably 2018.

    Prices have overshot so much this time that if the follow long term trends they may well undershoot by the same level... in which case average price will be close to £50k instead of current £190k.... so 75% drops.
    From the lying grass who has never owned property.
    Been away for a while.
  • Rover
    Rover Posts: 323 Forumite
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    2nd half of 2011
    Steady on Running horse... deep breaths, inner calm. See my sig ;)
    anger, denial, acceptance ;)
  • Running_Horse
    Running_Horse Posts: 11,807 Forumite
    First Anniversary Combo Breaker
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    Mentioning your sig over and over doesn't change it from psychobabble to being profound.
    Been away for a while.
  • Rover
    Rover Posts: 323 Forumite
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    2nd half of 2011
    And you appearing 'angry' on most house price correction threads does not indicate any transition phase you may or may not be undergoing ;) .
    anger, denial, acceptance ;)
  • Running_Horse
    Running_Horse Posts: 11,807 Forumite
    First Anniversary Combo Breaker
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    You misunderstand. I don't care if prices fall, and think it would be a good thing in many ways. However, your keep referring to the empty platitude in your signature, as if it explains everything in life, is really silly.
    Been away for a while.
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