How far will house prices fall [volume 4]
Discussion
z4RRSchris99 said:
rents cant rise without wages rising,
house prioces should be reflective of both wages and rental yeilds.
something has to give:
wages increase, or prices fall.
Surely the market will decide where things will go? If people are affording the rents, they will do and places will be let. Landlords who are stubborn may just sit with empty houses but they will have to drop if they are overpriced to get tenants in.house prioces should be reflective of both wages and rental yeilds.
something has to give:
wages increase, or prices fall.
z4RRSchris99 said:
rents cant rise without wages rising,
house prioces should be reflective of both wages and rental yeilds.
something has to give:
wages increase, or prices fall.
Rents can rise without wages rising!! house prioces should be reflective of both wages and rental yeilds.
something has to give:
wages increase, or prices fall.
thats why people house share, why big houses are converted to flats, why both man and woman work, why people cut back in other areas.
Houses will get smaller, more people will share.
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
jonah35 said:
Rents can rise without wages rising!!
thats why people house share, why big houses are converted to flats, why both man and woman work, why people cut back in other areas.
Houses will get smaller, more people will share.
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
In a lot of London, rents compared to market valuation are ridiculously low. Renting can let you live somewhere that you couldn't possibly fund a mortgage on. thats why people house share, why big houses are converted to flats, why both man and woman work, why people cut back in other areas.
Houses will get smaller, more people will share.
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
Justayellowbadge said:
In a lot of London, rents compared to market valuation are ridiculously low. Renting can let you live somewhere that you couldn't possibly fund a mortgage on.
exactly.... and there is a limit to what 'Mr normal' can afford renting. prob around £1000 per room per month Magog said:
jonah35 said:
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
http://en.wikipedia.org/wiki/Consequences_of_the_Black_DeathOver the past few hundred years I can't think of much that has pushed down rents.
z4RRSchris99 said:
Justayellowbadge said:
In a lot of London, rents compared to market valuation are ridiculously low. Renting can let you live somewhere that you couldn't possibly fund a mortgage on.
exactly.... and there is a limit to what 'Mr normal' can afford renting. prob around £1000 per room per month Won't things just spread out so surrounding areas get dearer and companies move out as market forces dictate?
jonah35 said:
Magog said:
jonah35 said:
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
http://en.wikipedia.org/wiki/Consequences_of_the_Black_DeathOver the past few hundred years I can't think of much that has pushed down rents.
jdw1234 said:
jonah35 said:
Magog said:
jonah35 said:
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
http://en.wikipedia.org/wiki/Consequences_of_the_Black_DeathOver the past few hundred years I can't think of much that has pushed down rents.
http://www.standard.co.uk/news/london/london-popul...
jdw1234 said:
jonah35 said:
Magog said:
jonah35 said:
Rent always seems to go up. I bet there isn't a ten year period in history where rents haven't gone up, regardless of the economy.
http://en.wikipedia.org/wiki/Consequences_of_the_Black_DeathOver the past few hundred years I can't think of much that has pushed down rents.
Rents could go up or down and stay there, or not.
But looking back over stable economic times isn't too useful even at the best of times.
The last 15 years have been excellent for buying and owning a home, if you hopped on at any time from 95 > 2005 or so.
Cheap ish properties, rapid rise in values meaning capital growth (if you buy as an investment that is great), and average very low interest rates. Win win.
If we've seen unprecedented positive conditions, imagine the opposite and consider how likely they may be.
Dave
But looking back over stable economic times isn't too useful even at the best of times.
The last 15 years have been excellent for buying and owning a home, if you hopped on at any time from 95 > 2005 or so.
Cheap ish properties, rapid rise in values meaning capital growth (if you buy as an investment that is great), and average very low interest rates. Win win.
If we've seen unprecedented positive conditions, imagine the opposite and consider how likely they may be.
Dave
ky" too. i like to think mines pretty classy but i wont put it out to debate. 
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