How far will house prices fall [volume 4]
Discussion
My point about infrastructure is that there is a risk some (currently) commutable places become marooned in road and rail congestion, victims of a wider lack of investment. Of course, in theory, the flip side could be true; these places become more commutable and other places also become viable, if transport allows.
For years we have had people complaining about the ever rising prices of homes (a situation which nearly always occurs where demand outstrips supply) Now that it is been reported that house prices could fall, (with some blaming Brexit) we have people complaining that house prices are starting to fall. there is just no pleasing some people?
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).
Pan Pan Pan said:
For years we have had people complaining about the ever rising prices of homes (a situation which nearly always occurs where demand outstrips supply) Now that it is been reported that house prices could fall, (with some blaming Brexit) we have people complaining that house prices are starting to fall. there is just no pleasing some people?
Realistically unless you are cashing out (which usually means you're at best moving into a Care Home) then we are all better off with lower house prices. (I know some use a Mortgage as cheap borrowing and about downsizing etc but they really are a tiny minority)
Pork said:
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
"Brexit may be the trigger to end London’s seven-year house-price boom"Surely 17 year boom?
gibbon said:
the real cost of commuting i think is often softened to help justify.
My wife and I agreed that if we had done the numbers properly we probably wouldn't have moved:Train £5,500.
Tube £800.
Parking £1,000.
Petrol £1,600.
Car depreciation £2,000.
Tax £300.
Insurance £300.
Service £500.
Tyres £200.
Roughly £12k, so £20k pre-tax.
We only needed one car when in London so ALL the second car costs are purely for commuting.
Not to mention the insane cost of heating and maintaining a larger house.
Oil was about £3-4k last year.
Mind you we did save a bunch by having the kids in the local primary for 3 years.
Digga said:
My point about infrastructure is that there is a risk some (currently) commutable places become marooned in road and rail congestion, victims of a wider lack of investment. Of course, in theory, the flip side could be true; these places become more commutable and other places also become viable, if transport allows.
One of my colleagues suffers with thishttp://www.telegraph.co.uk/news/2016/07/04/london-...
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. 
walm said:
gibbon said:
the real cost of commuting i think is often softened to help justify.
My wife and I agreed that if we had done the numbers properly we probably wouldn't have moved:Train £5,500.
Tube £800.
Parking £1,000.
Petrol £1,600.
Car depreciation £2,000.
Tax £300.
Insurance £300.
Service £500.
Tyres £200.
Roughly £12k, so £20k pre-tax.
We only needed one car when in London so ALL the second car costs are purely for commuting.
Not to mention the insane cost of heating and maintaining a larger house.
Oil was about £3-4k last year.
Mind you we did save a bunch by having the kids in the local primary for 3 years.
walm said:
gibbon said:
the real cost of commuting i think is often softened to help justify.
My wife and I agreed that if we had done the numbers properly we probably wouldn't have moved:Train £5,500.
Tube £800.
Parking £1,000.
Petrol £1,600.
Car depreciation £2,000.
Tax £300.
Insurance £300.
Service £500.
Tyres £200.
Roughly £12k, so £20k pre-tax.
We only needed one car when in London so ALL the second car costs are purely for commuting.
Not to mention the insane cost of heating and maintaining a larger house.
Oil was about £3-4k last year.
Mind you we did save a bunch by having the kids in the local primary for 3 years.
But other than cost, is your quality of life at home better? I suppose that can overrule the cost issue?
walm said:
My wife and I agreed that if we had done the numbers properly we probably wouldn't have moved:
Train £5,500.
Tube £800.
Parking £1,000.
Petrol £1,600.
Car depreciation £2,000.
Tax £300.
Insurance £300.
Service £500.
Tyres £200.
Roughly £12k, so £20k pre-tax.
We only needed one car when in London so ALL the second car costs are purely for commuting.
Not to mention the insane cost of heating and maintaining a larger house.
Oil was about £3-4k last year.
Mind you we did save a bunch by having the kids in the local primary for 3 years.
Exactly. Factor in lost time too, the fact the price gap in many areas has been narrowing in very recent years, and seemingly the costs of commuting seem to be ever increasing, the trade currently for me is not worth it. As i say, i can understand how this changes, but currently, im happy with my smaller zone 2 family house.Train £5,500.
Tube £800.
Parking £1,000.
Petrol £1,600.
Car depreciation £2,000.
Tax £300.
Insurance £300.
Service £500.
Tyres £200.
Roughly £12k, so £20k pre-tax.
We only needed one car when in London so ALL the second car costs are purely for commuting.
Not to mention the insane cost of heating and maintaining a larger house.
Oil was about £3-4k last year.
Mind you we did save a bunch by having the kids in the local primary for 3 years.
superkartracer said:
How much time did/do you spend travelling out of interest ( each ) .
Don't ask.2 hours door-to-door.
Mind you, 25 mins is driving on some of the best roads in Hampshire and it gives me an excuse to work through the automotive bucket list when funds permit.
And I always get a seat on the train for and hour so work then but read/watch iPad on the way home.
The train is honestly quite pleasant. When it works.
p1stonhead said:
Ouch. Painful numbers just to get to work.
But other than cost, is your quality of life at home better? I suppose that can overrule the cost issue?
Not anywhere near AstonZ's level but a much bigger house than I had in London, which is helpful with 3 kids.But other than cost, is your quality of life at home better? I suppose that can overrule the cost issue?
School has wellies on the uniform list. London schools didn't have any trees let alone grass in the playground.
Sport/activities every day: cricket, footy, sailing, even bloody horses.
Yesterday my wife was sending photos of the kids swimming in the river at the end of our lane.
No traffic - ever.
Essentially the kids are having the time of their lives and I am paying the price.
walm said:
Not anywhere near AstonZ's level but a much bigger house than I had in London, which is helpful with 3 kids.
School has wellies on the uniform list. London schools didn't have any trees let alone grass in the playground.
Sport/activities every day: cricket, footy, sailing, even bloody horses.
Yesterday my wife was sending photos of the kids swimming in the river at the end of our lane.
No traffic - ever.
Essentially the kids are having the time of their lives and I am paying the price.
Im not implying this is the case for you at all, but i do wonder about the benefits of what sounds like an idyllic youth compared to the lost time spent with their Dad through commuting etc. Certainly, there doesnt appear to be an easy answer, unless money really is of little concern. School has wellies on the uniform list. London schools didn't have any trees let alone grass in the playground.
Sport/activities every day: cricket, footy, sailing, even bloody horses.
Yesterday my wife was sending photos of the kids swimming in the river at the end of our lane.
No traffic - ever.
Essentially the kids are having the time of their lives and I am paying the price.
gibbon said:
walm said:
Not anywhere near AstonZ's level but a much bigger house than I had in London, which is helpful with 3 kids.
School has wellies on the uniform list. London schools didn't have any trees let alone grass in the playground.
Sport/activities every day: cricket, footy, sailing, even bloody horses.
Yesterday my wife was sending photos of the kids swimming in the river at the end of our lane.
No traffic - ever.
Essentially the kids are having the time of their lives and I am paying the price.
Im not implying this is the case for you at all, but i do wonder about the benefits of what sounds like an idyllic youth compared to the lost time spent with their Dad through commuting etc. Certainly, there doesnt appear to be an easy answer, unless money really is of little concern. School has wellies on the uniform list. London schools didn't have any trees let alone grass in the playground.
Sport/activities every day: cricket, footy, sailing, even bloody horses.
Yesterday my wife was sending photos of the kids swimming in the river at the end of our lane.
No traffic - ever.
Essentially the kids are having the time of their lives and I am paying the price.
V8RX7 said:
So why not do what the majority do... living in the Countryside in a smaller house / not having a London job.
Because i like my job, like living in london, currently earn enough to enjoy my life and make provisions for later life, and in the future will enjoy living in the country and probably will enjoy having a home both in london and in the country.Edited by gibbon on Tuesday 19th July 09:21
walm said:
superkartracer said:
How much time did/do you spend travelling out of interest ( each ) .
Don't ask.2 hours door-to-door.
Mind you, 25 mins is driving on some of the best roads in Hampshire and it gives me an excuse to work through the automotive bucket list when funds permit.
And I always get a seat on the train for and hour so work then but read/watch iPad on the way home.
The train is honestly quite pleasant. When it works.
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