How far will house prices fall [volume 4]
Discussion
p1stonhead said:
And for how many people is that remotely possible unless they have paid off a long mortgage?
I've no idea.But if they take your owned and saved assets off you (Cyprus), then they can and already do take credit assets off you if you can't pay for them.
You either let things fail, or bail. How will they bail property owners who stretched too far, especially those with multiple properties (not homes)?
Yet more raiding of the people who Cameron recently said, would not be punished for doing the right thing... thinking savers and people without debt here.
I guess it's just a matter of time to see what happens... but we can't just bail out on imaginary money given our private and social economic situation right now!
Dave
Mr Whippy said:
Prices up, rents up, salaries static, interest rates near zero so no depreciating debt over mortgage lifetimes which normally lets people 'upgrade' (assuming prices don't outrun inflation which they will)
My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
None of this makes any sense imho. I was going to pick it apart, but to be honest i am not sure where to start.My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
gibbon said:
Mr Whippy said:
Prices up, rents up, salaries static, interest rates near zero so no depreciating debt over mortgage lifetimes which normally lets people 'upgrade' (assuming prices don't outrun inflation which they will)
My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
None of this makes any sense imho. I was going to pick it apart, but to be honest i am not sure where to start.My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
gibbon said:
Mr Whippy said:
Prices up, rents up, salaries static, interest rates near zero so no depreciating debt over mortgage lifetimes which normally lets people 'upgrade' (assuming prices don't outrun inflation which they will)
My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
None of this makes any sense imho. I was going to pick it apart, but to be honest i am not sure where to start.My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
thelawnet said:
TheAnimal said:
So, house prices could double again under Conservatives?
Immediate sentiment has to be for another upward whack.What that will mean in the long term is hard to say.
Cheib said:
Spoke to the agent I just sold my place through. He had a house under offer at £4.25mil last week....as soon as the Tories won the seller moved his price up to £4.5mil and the buyer's paid up!
Yes at that price point there must be a huge amount of relief about mansion tax.For the £425k houses it's not so pronounced.
The surveyors survey of surveyors says things are on the up again.
http://uk.reuters.com/article/2015/05/13/uk-britai...
http://uk.reuters.com/article/2015/05/13/uk-britai...
Magog said:
The surveyors survey of surveyors says things are on the up again.
http://uk.reuters.com/article/2015/05/13/uk-britai...
I surveyed the surveyors survey of surveyors that the surveyors surveyors supplied, and the surveyors supplied survey of surveyors suprisingly suggested that the surveyors who surveyed for the surveyors survey of surveyors suppose a super surge in spondulicks required to secure a substantial shack.http://uk.reuters.com/article/2015/05/13/uk-britai...
tangerine_sedge said:
I surveyed the surveyors survey of surveyors that the surveyors surveyors supplied, and the surveyors supplied survey of surveyors suprisingly suggested that the surveyors who surveyed for the surveyors survey of surveyors suppose a super surge in spondulicks required to secure a substantial shack.
not sure exactly why but that tickled me and I spat a little bit of coffee out as a result!z4RRSchris said:
gibbon said:
Mr Whippy said:
Prices up, rents up, salaries static, interest rates near zero so no depreciating debt over mortgage lifetimes which normally lets people 'upgrade' (assuming prices don't outrun inflation which they will)
My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
None of this makes any sense imho. I was going to pick it apart, but to be honest i am not sure where to start.My 2p is that if prices don't crash, then hyperinflation will be round the corner.
As I've said before, own what you own outright. Anything you don't will probably disappear the way the banks operate these days.
Dave
I thought it made perfect sense too.
History rhymes and we've seen all this before in one place or another in relatively recent history.
In the end what is the value of anything. Stuff has a price, but value is hard to measure when everything else flaps around so much... or is itself distorted in value by Keynesian economic policy.
Dave
According to a few recent local sales and others which have recently gone on the market, our house in Kent is worth c.30% more than we paid 4 years ago - in fact there are a couple of houses the same as ours up for sale which if they sell at or near the asking price will mean they have achieved nearly 40% over what we paid.
I know someone who sold a small one-bed flat in SW11 in December, they had owned it about 8 or 9 years and the sale price was not far off double what they paid.
I know someone who sold a small one-bed flat in SW11 in December, they had owned it about 8 or 9 years and the sale price was not far off double what they paid.
So the next house you're looking to buy likely costs a similar amount more, plus more fees and taxes, leaving you no better off unless you're downgrading.
While an entire generation has basically been pushed entirely out of reasonably priced housing.
I can't see any problems with it
They should have let the lot crash in 2008. This almost decade of stupidity is going to cost almost all of us more in the long run!
While an entire generation has basically been pushed entirely out of reasonably priced housing.
I can't see any problems with it
They should have let the lot crash in 2008. This almost decade of stupidity is going to cost almost all of us more in the long run!
CAPP0 said:
I know someone who sold a small one-bed flat in SW11 in December, they had owned it about 8 or 9 years and the sale price was not far off double what they paid.
Are you sure it's only doubled? It must be compromised in some way or they way over-paid. Average price in SW11 have at least trebled in that time.https://www.google.co.uk/url?sa=t&rct=j&q=...
Average house prices are close to 2007 peak according to land registry.
So it's taken 8 years.
Whilst many on PH espouse price rises in the South East and other hotspots the national picture is pretty grim.
Average house prices are close to 2007 peak according to land registry.
So it's taken 8 years.
Whilst many on PH espouse price rises in the South East and other hotspots the national picture is pretty grim.
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