We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The 1960s house
Options
Comments
-
Well, my personal opinion is that if prices are high relative to income (which they are round here), then less FTB's will enter the market, and that is not long term sustainable. I'm totally biassed in this belief, because I dearly want prices to come down. I don't care how "affordable" a loan is, I'd rather not be owing any more money than I need to. Five years ago I could have bought an average house round here and been comfortably off. Today I'd have to committ myself a bit more to buy something that would have been really cheap back then.
I don't really want to stretch myself financially, especially with the threat of negative equity lurking. I knew people who were badly stuck in the early 90s.
Anyway, the good news for me is that 6 months ago you'd never see a sub £100K house or flat in the local property section of the paper. Now I regularly see flats and small houses in the £80-90K bracket.Happy chappy0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards