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Debate House Prices
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Prices will fall by 50% in four years
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houses in my are are going for 40% less than in 2007 in around my area0
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houses in my are are going for 40% less than in 2007 in around my area
Then you live in a dump. :money:
Or Ireland....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Then you live in a dump. :money:
Or Ireland....
NE, which is suffering badly from unemployment
something like this would've been over £200k 5 years ago
http://www.rightmove.co.uk/property-for-sale/property-30617230.html0 -
Seems its at the right price now then. They have similar houses near me for half a mil, thirty years ago it was a rubbish tip :laugh:0
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Just checking in to see if brit and all the other MoneyWeek frothers were right, or if they have the humility to admit they were horrendously, jaw droppingly, stupendously wrong?
Can anyone tell me if house prices have fallen 50% in the past four years and one week?0 -
nollag2006 wrote: »Can anyone tell me if house prices have fallen 50% in the past four years and one week?
Another BOE support package this week. Just to maintain an orderly market.
All I hear is the hissing of the air escaping. Albeit very slowly.
What's the average net change in house prices since 2007 now compared to other investments with income reinvested?0 -
Thrugelmir wrote: »What's the average net change in house prices since 2007 now compared to other investments with income reinvested?
From a personal perspective, I've been getting rental returns in excess of 7% on my rental properties, and the capital value of my BTL portfolio is up 15-20% over the past few years.
Quite happy with that.
No sign of a 50% crash round my way.0 -
nollag2006 wrote: »From a personal perspective, I've been getting rental returns in excess of 7% on my rental properties, and the capital value of my BTL portfolio is up 15-20% over the past few years.
Quite happy with that.
A gross 7% is far to low in my view to be worth the risk. Given that the net income is taxable as well.0 -
Thrugelmir wrote: »A gross 7% is far to low in my view to be worth the risk. Given that the net income is taxable as well.
7% rental yield, on top of capital appreciation of 5-10% per annum over the past few years.
Has worked out very nicely indeed !!
How much of an income yield is gold and silver offering these days?0 -
nollag2006 wrote: »How much of an income yield is gold and silver offering these days?
Don't trade in metals.
Prefer private equity myself. Where you paybacks like the floatation of Facebook.0
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