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  • FIRST POST
    • MSE Guy
    • By MSE Guy 9th Dec 10, 8:22 AM
    • 1,628Posts
    • 1,255Thanks
    MSE Guy
    MSE News: House prices fell in November just
    • #1
    • 9th Dec 10, 8:22 AM
    MSE News: House prices fell in November just 9th Dec 10 at 8:22 AM
    This is the discussion thread for the following MSE News Story:

    "Values dropped by 0.1% but the market may be stabilising, mortgage lender Halifax said today ..."

Page 1
  • CloudCuckooLand
    • #2
    • 9th Dec 10, 9:21 AM
    • #2
    • 9th Dec 10, 9:21 AM
    -2.1% over 3 months, and gathering pace...good news FTBs.
    Act in haste, repent at leisure.

    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
    by dunstonh
    • Lynsey
    • By Lynsey 9th Dec 10, 12:24 PM
    • 9,257 Posts
    • 31,991 Thanks
    Lynsey
    • #3
    • 9th Dec 10, 12:24 PM
    • #3
    • 9th Dec 10, 12:24 PM
    Dropped by 0.1% - seems to be stable then. I'm more interested in local variations rather than in general.
    I'm an optimist and see prices rising next year, but still nowhere near their peaks (in most areas anyway).

    New builds seem a lot cheaper now in my area and are selling well it seems (sold notices in the windows) and plenty of offers/incentives available.
    When the new build prices start rising it should give the rest a boost - fingers crossed.

    Lynsey
    **** Sealed Pot Challenge - Member #96 ****
    No. 9 target 600 - (x21)
    No. 6 Total 740.00 - No. 7 1000.00 - No. 8 875.00 - No. 9 700.00 (target met)
    • Henry P Chester
    • By Henry P Chester 9th Dec 10, 5:23 PM
    • 442 Posts
    • 729 Thanks
    Henry P Chester
    • #4
    • 9th Dec 10, 5:23 PM
    • #4
    • 9th Dec 10, 5:23 PM
    Im an optimist and see house prices falling further throughout next year. Maybe my nephew in his 20s will be able to buy at some point.
    Debt Is Slavery.
    • Lynsey
    • By Lynsey 9th Dec 10, 6:01 PM
    • 9,257 Posts
    • 31,991 Thanks
    Lynsey
    • #5
    • 9th Dec 10, 6:01 PM
    • #5
    • 9th Dec 10, 6:01 PM
    How much do you think they will fall Henry?? I understand the view regarding your nephew and deposits will be the biggee for me, they seem to be tightening up the rules and next year might be harder for 1st time buyers.
    I've seen some tremendous bargains in my area, some almost 50% off their peaks (mainly leasehold blocks of modern flats which were built and sold at their peak at silly prices).
    We've just bought a couple of houses these last few months to rent out and were flabbergasted at the prices accepted. I/we think it's bottomed out in our area and is a good time to jump in. Any further falls would be minimal (hopefully), hence buying now after watching for a while.

    Lynsey
    **** Sealed Pot Challenge - Member #96 ****
    No. 9 target 600 - (x21)
    No. 6 Total 740.00 - No. 7 1000.00 - No. 8 875.00 - No. 9 700.00 (target met)
    • brit1234
    • By brit1234 10th Dec 10, 12:00 PM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #6
    • 10th Dec 10, 12:00 PM
    • #6
    • 10th Dec 10, 12:00 PM
    Its clear house prices will continue to fall and have a long way to go yet. After all house prices are extremely overinflated on a traditional basis, all caused by the boom in mortgage fraud, loose lending and too low interest rates.

    There is going to be at least another 20-30% falls to come.

    Inflation is high, unemployment set to rise, higher taxes including student fees and then their is the continue collapse of international governments finances as well as their banks.

    Any one thinking of buying hold off. Watch month prices come down and it gives you chance to save a higher deposit to next bracket ie 25% saving you more.
    Scams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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