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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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they saw what was going to happen back in the 90's and they took advantage.
Like I said I have no problem with it.
But it does go against what you said.my parents own 5-6 properties but they want prices to fall because they have seen how hard it is for the young to buy at a reasonable price.
It is clearly financial return, they were always going to rent to younger people and without HPI rent would not inflate. So if they saw what was happening they must have known house prices were going to go up.
I have no problem with what you are saying or with what they are doing.
Just that I do not agree with your original point anyone owning 6 houses can't honestly worry about the young not affording, I don't even have to explain that owning 6 houses and only living in one speaks for it's self surely.0 -
I have no problem with what you are saying or with what they are doing just that I do not agree with your original point anyone owning 6 houses can't honestly worry about the young not affording, I don't even have to explain that owning 6 houses and only living in one speaks for it's self surely.
Carol wouldn't like it :eek: platitudes or not.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Carol wouldn't like it :eek: platitudes or not.
Carol is busy putting the wooden stakes into the ground so that the bears can burn her parents, along with me as I have committed similar sins (in their eyes)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 stop0 -
they saw what was going to happen back in the 90's and they took advantage. Do you think if they had not have bought the houses prices would be lower now?
Six Swallows don't make a summer but don't you think they contributed to demand?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
chucknorris wrote: »Carol is busy putting the wooden stakes into the ground so that the bears can burn her parents
That is not very nice
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
That is not very nice
I know, but some of the bears are that way inclined, I'm sure they would try and burn me 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 stop0 -
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Like I said I have no problem with it.
But it does go against what you said.
It is clearly financial return, they were always going to rent to younger people and without HPI rent would not inflate. So if they saw what was happening they must have known house prices were going to go up.
I have no problem with what you are saying or with what they are doing.
Just that I do not agree with your original point anyone owning 6 houses can't honestly worry about the young not affording, I don't even have to explain that owning 6 houses and only living in one speaks for it's self surely.
There are always people who want to rent and have no intention of buying at the time of renting.
When they bought their flats in the 90's no one else was buying and therefore they had no real effect on demand. The people they rented to and still rent to had no intention of buying. Back in those they few people bought flats to live in a person on on even a basic wage could afford a 2 bed house. I bought a 2 bed house a 3.5x wage and I was on an average 20 something wage.
If proper house building etc had carried on and banks had not lent to create debt prices would never have gone up they they did. yields have gone up in line with inflation since they bought. They would have been more than happy if prices had gone up in line with inflation also.
Therefore I cant see why they are not entitled to say prices should be lower. It not their fault that properties have not been built to satify buyer demand and that banks have lent to people who they should not of.0 -
StiflersMom wrote: »Wow ! Didn't they just??
Half a dozen homes when their own child is still renting... little wonder you are worried about IHT:
http://forums.moneysavingexpert.com/showpost.html?p=35397269&postcount=61
If my parents had BTL'd in such a massive way, I think I'd be worried about the tax man getting hold of my inheritance too.
Er none of their children rent. Also I'm not worried about the tax man.0 -
StiflersMom wrote: »Given that your parents are such astute property investors, why haven't they sold off their portfolio in advance of the 10-15% price drop that you are expecting (http://forums.moneysavingexpert.com/showpost.html?p=35374429&postcount=36)?
:cool:
Is it because their wisdom and experience in property investing suggests that prices aren't likely to go south anytime soon?
:rotfl:
Its about yields for them not about HPIIf prices go down they are likely to back up at sometime.0
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