How far will house prices fall [volume 4]

[Thankyou4calling]

XJ40 said:

...I haven't mentioned it for a while but I still think this thread title is a misnomer even despite the current uncertain outlook. I just had a look when this vol 4 post was kicked off, 2012. My property has gone up 38.2% in those last 4 years, according to Zoopla... I did start a "How far with house prices rise vol 1" thread but it didn't take off, I guess the worry of declining prices makes for a more interesting heading...

I don't know your personal circumstances but there are a hell of a lot of places in the UK where prices are still not yet back to 2008 levels so that is quite a fall in real terms.

[XJ40]

Thankyou4calling said:

XJ40 said:

...I haven't mentioned it for a while but I still think this thread title is a misnomer even despite the current uncertain outlook. I just had a look when this vol 4 post was kicked off, 2012. My property has gone up 38.2% in those last 4 years, according to Zoopla... I did start a "How far with house prices rise vol 1" thread but it didn't take off, I guess the worry of declining prices makes for a more interesting heading...

I don't know your personal circumstances but there are a hell of a lot of places in the UK where prices are still not yet back to 2008 levels so that is quite a fall in real terms.

Fair point. I admittedly tend to look at either the UK average price figures or those for my local area, so I can forget that the picture can be quite different in other parts..

[Burwood]

XJ40 said:

Thankyou4calling said:

XJ40 said:

...I haven't mentioned it for a while but I still think this thread title is a misnomer even despite the current uncertain outlook. I just had a look when this vol 4 post was kicked off, 2012. My property has gone up 38.2% in those last 4 years, according to Zoopla... I did start a "How far with house prices rise vol 1" thread but it didn't take off, I guess the worry of declining prices makes for a more interesting heading...

I don't know your personal circumstances but there are a hell of a lot of places in the UK where prices are still not yet back to 2008 levels so that is quite a fall in real terms.

Fair point. I admittedly tend to look at either the UK average price figures or those for my local area, so I can forget that the picture can be quite different in other parts..

But but, it's almost always a London thread with the exception of a few other posters reminding Londoners how bonkers they are

I am similar to AstonZ, traded by 1600 sq ft 3 bed on the River Thames for a nice Surrey pad.

[XJ40]

Burwood said:

But but, it's almost always a London thread with the exception of a few other posters reminding Londoners how bonkers they are

I am similar to AstonZ, traded by 1600 sq ft 3 bed on the River Thames for a nice Surrey pad.

Yes true, seems London/Home counties/south-east centric for sure.

[Pork]

Here's a London-centric article. Interesting etc but most people don't live in London. Brexit could cut London house prices by more than 30%, says bank

[Pork]

Interesting conversation re London. I lived there in my 20's and 30s but, like the chap above, towards the end I spent every weekend getting out. It's a great city but for me, it's a city for the loaded or young. I'm neither, sadly,

[All that jazz]

AstonZagato said:

I have a 7,000sqft house, tennis court, swimming pool, 3 garages and 4 acres. I can't see another house - just trees and fields (most of which I own).

[mikees]

AstonZagato said:

princeperch said:

even if the journey goes well you are looking at 3.5 hours or more a day for that sort of commute. I think I would kill myself if I had to do it, which is one of the main reasons I live in London in a modest house rather than living in something pretty spacious outside of the smoke..

I'm 1hr 10min from my front door to desk (reliably - and an hour if I'm lucky / cut it fine) - so more like 2hr 20mins of my day.

The upside? I have a 7,000sqft house, tennis court, swimming pool, 3 garages and 4 acres. I can't see another house - just trees and fields (most of which I own). I'm 8 miles (15 mins) from a university town that has art, theatre, music and shopping (which makes it more accessible than admittedly better facilities if I lived in London). There are a myriad of schools that are as good, if not better, than London (that don't have stupid waiting lists / entrance requirements).

If I sold and bought in Chelsea, I'd get a 1,500sqft 3 bed terrace (and a 30 min commute).

On the train, I read and catch up with stuff that I'd spend time at home doing. So I'm not sure I lose much time out of my life. Actually, it is nice to have a moment in my day when I can put my headphones on and read the paper without any distractions.

The only downside is if I want to go out drinking or eating in the evening. A taxi home isn't an option.

Where do you live Aston? North east or west? I'm in Princes Risborough and 40 mins on train and 20 mins into city. With regard to 500-600 grand, you can get a decentish house out here for that

Mike

[Hitch]

First round of post-brexit stats should be interesting over the next few weeks if this is anything to go buy:

http://www.ft.com/cms/s/0/7e918d8c-4c15-11e6-88c5-...

[Pork]

Hitch said:

First round of post-brexit stats should be interesting over the next few weeks if this is anything to go buy:

http://www.ft.com/cms/s/0/7e918d8c-4c15-11e6-88c5-...

That link requires a subscription.

[AstonZagato]

All that jazz said:

AstonZagato said:

I have a 7,000sqft house, tennis court, swimming pool, 3 garages and 4 acres. I can't see another house - just trees and fields (most of which I own).

Not really. That house is equivalent in monetary value to a three bed terraced house in Chelsea under the Heathrow flight path, so doesn't exactly confer billionaire bragging rights. Hundreds seem to want to chose that London lifestyle over mine - so I'm in the minority.

[AstonZagato]

mikees said:

Where do you live Aston? North east or west? I'm in Princes Risborough and 40 mins on train and 20 mins into city. With regard to 500-600 grand, you can get a decentish house out here for that

North Herts / South Cambs

[Pork]

AstonZagato said:

Not really. That house is equivalent in monetary value to a three bed terraced house in Chelsea under the Heathrow flight path, so doesn't exactly confer billionaire bragging rights. Hundreds seem to want to chose that London lifestyle over mine - so I'm in the minority.

Your set up sounds pretty appealing to me.

This being PH, might as well say a few more garages would be nice

[Sheepshanks]

AstonZagato said:

Not really. That house is equivalent in monetary value to a three bed terraced house in Chelsea under the Heathrow flight path, so doesn't exactly confer billionaire bragging rights. Hundreds seem to want to chose that London lifestyle over mine - so I'm in the minority.

Wouldn't running a similar value London house cost significantly less than your current gaff? The boiler would be cheaper anyway!

[Burwood]

AstonZagato said:

All that jazz said:

AstonZagato said:

I have a 7,000sqft house, tennis court, swimming pool, 3 garages and 4 acres. I can't see another house - just trees and fields (most of which I own).

Not really. That house is equivalent in monetary value to a three bed terraced house in Chelsea under the Heathrow flight path, so doesn't exactly confer billionaire bragging rights. Hundreds seem to want to chose that London lifestyle over mine - so I'm in the minority.

You didn't need to explain your post to such a rude individual. Well, pathetic attempt. Completely wrong use of that meme .

[All that jazz]

It was the tone in how it came across, Lording it over all us mere unworthy mortals with his tennis court, swimming pool, umpteen garages and land as far as the eye can see . My meme was meant to be tongue in cheek. I'm sure he's a perfectly nice bloke .

[AstonZagato]

Sheepshanks said:

AstonZagato said:

Not really. That house is equivalent in monetary value to a three bed terraced house in Chelsea under the Heathrow flight path, so doesn't exactly confer billionaire bragging rights. Hundreds seem to want to chose that London lifestyle over mine - so I'm in the minority.

Wouldn't running a similar value London house cost significantly less than your current gaff? The boiler would be cheaper anyway!

Very true.

[mikees]

All that jazz said:

It was the tone in how it came across, Lording it over all us mere unworthy mortals with his tennis court, swimming pool, umpteen garages and land as far as the eye can see . My meme was meant to be tongue in cheek. I'm sure he's a perfectly nice bloke .

No it wasn't. This thread of discussion was about what a certain amount of money buys you in and out of London. Once you get near to London it's all silly money.

[All that jazz]

^ OK. And I agree. Let's get back on topic then.

[anonymous-user]

mikees said:

No it wasn't. This thread of discussion was about what a certain amount of money buys you in and out of London. Once you get near to London it's all silly money.

Been looking post Brexit and whilst the prices certainly look nicer in $ on rightmove if you inadvertently miss out a max price it maxes out at 42 pages and you're still only down to 6 quid! Mental.