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Debate House Prices
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Looking on the positive side: Why falling house prices are a good thing
Comments
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good point nembot. i dont think sibeley was being serious, he was just having a bit of a laff.0
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that's all really nice.
why don't you sell you house for 3 times average wage now and set the example to everyone that you want to do a bit more than rant on a forum about houses and going back to normal prices
or
the other option is not sell your house because you want to get as much money as possible when it comes to selling it because that doesn't contribute to HPI does it....
It was also suggested to me that I might do this.
Just because one wants house prices to be lower, or believes that house prices should be lower, shouldn`t mean that we have to set an example. I paid a relatively low amount for my house, and I would like as many others to have the same opportunity. I need a roof over my head, and I`m fortunate to have one. I did not wish the value of UK property to increase, or to continue increasing at a high rate. If I sell BMV, then it`s hardly going to bring to fruition what I wish for. If I sell for a lower price, I want to buy for a relatively lower price. It seems a lot of people seem to be happy with selling for a higher price and buying at a higher price.
As an individual, I know I won`t change the property market. The government are in the best position to do something about high house prices. They have ultimate control over building and lending regulations. If personal interest can be put aside for a moment, then most people might come to the conclusion that it would be better for the UK population if house prices were cheaper. The fact that there is a supposed shortgage of property here, and that increased prices were almost certainly encouraged by "easy" lending conditions, does somewhat reflect badly on those who have the power to do something about it.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
it's all very true - i would have thought that there isn't anybody who could really argue that high house prices are good for people in general.It was also suggested to me that I might do this.
Just because one wants house prices to be lower, or believes that house prices should be lower, shouldn`t mean that we have to set an example. I paid a relatively low amount for my house, and I would like as many others to have the same opportunity. I need a roof over my head, and I`m fortunate to have one. I did not wish the value of UK property to increase, or to continue increasing at a high rate. If I sell BMV, then it`s hardly going to bring to fruition what I wish for. If I sell for a lower price, I want to buy for a relatively lower price. It seems a lot of people seem to be happy with selling for a higher price and buying at a higher price.
As an individual, I know I won`t change the property market. The government are in the best position to do something about high house prices. They have ultimate control over building and lending regulations. If personal interest can be put aside for a moment, then most people might come to the conclusion that it would be better for the UK population if house prices were cheaper. The fact that there is a supposed shortgage of property here, and that increased prices were almost certainly encouraged by "easy" lending conditions, does somewhat reflect badly on those who have the power to do something about it.
demanding lower house prices on a forum ain't going to happen.
thinking that lower house prices are good for the economy ain't going to happen - too many banks (not just in the UK) are exposed to fluctuations in property prices.
thinking that lower prices will allow more people to buy isn't going to happen either - linked to the above in it's own little way
lower house prices means that someone with more money than you will be buying up property before Willy from Wigan can be his dream house in Liverpool
lower house prices are a romantic idea but don't really work in the 21st century unless it's the government that changes the rules.
the Tories certainly aren't going to do that and as for Labour they should have but didn't...0 -
I agree with your sentiment. The HPI in my house is not something I can touch or use, it's just a number. When I move, prices will all be relative. A next move could be to downsize and I could theoretically lose out. That's fine as I didn't take on a mortgage to earn myself a pension and, at this stage in my life, I'm more concerned about the future my children will have and the lower prices are, the better it will be for them.
I`m going to be selfish here. I want cheaper property prices for your kids also.
The less your children are paying for their mortgages (or rent), the more they will have to spend (therefore releasing more money into the wider economy), the less likely they will need bailing out if they are unemployed for any length of time, and they will be able to afford to move house more often if they wish (further helping the wider economy). If the wider economy is healthier, it might give me a better state pension when I retire.
I suppose the alternative would be to hope they are paying a 40+ year mortgage on a property that cost £loads. That would mean that I could sell my property for £loads (maybe sell it to one of your kids), then I can use the proceeds to fund my retirement. Of course, I couldn`t use the profit I made on my property to live here, so I`d clear off to somewhere cheaper and warmer.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
demanding lower house prices on a forum ain't going to happen.
thinking that lower house prices are good for the economy ain't going to happen - too many banks (not just in the UK) are exposed to fluctuations in property prices.
thinking that lower prices will allow more people to buy isn't going to happen either - linked to the above in it's own little way
All of those things are happening right now.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
i want property for her Mrs T's kids too...I`m going to be selfish here. I want cheaper property prices for your kids also.
i'm going to take it a step further and cycle everywhere because every gallon of fuel i consume in my car is a gallon of fuel that i'm stopping Mrs T's children and their generation from having access to.
of course i won't do that and each generation has to adapt to what the situation that arises - each generation finds it's own solution to the problems put in front of them...0 -
no i shouldn't.then what you should have typed is.....
demanding lower house prices on a forum is going to happen. etc.
because despite what many of the HPC ghetto believe that by bumping the same thread repeatedly about a 0.5% fall on a monthly index or making up that prices have fallen derived from a RICS report will sway peoples thinking - it only makes them look even more desperate than they look already...0 -
i want property for her Mrs T's kids too...
i'm going to take it a step further and cycle everywhere because every gallon of fuel i consume in my car is a gallon of fuel that i'm stopping Mrs T's children and their generation from having access to.
of course i won't do that and each generation has to adapt to what the situation that arises - each generation finds it's own solution to the problems put in front of them...
Dear oh dear. I was begining to think that I might be having some reasonable debates, discussions and arguments with you. All you seem to be doing now is typing things that don`t make much sense or taking things to the extreme. This behaviour is a tad childish.
I suppose if you can`t beat them, join them.......
If you think that it`s a good thing that house prices will rise, or that you think house prices will rise, why don`t you just go and buy as many houses as you can ? Tell you what, I`ll start by selling you mine for 3 x local salary.
See ? That`s a bit c**p really, isn`t it ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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