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Thread: Headlines - House prices fall 2.5 percent in March

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    Headlines - House prices fall 2.5 percent in March

    Consumer confidence likely to be shaken by news that the house price bubble is deflating faster than expected
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    Re: Headlines - House prices fall 2.5 percent in March

    Doomed, Doomed, we're all Doomed...

    OK so maybe Fraser was wrong but what's with the all scare stories..

    So what if prices drop... so some people just won't move... big deal... Those with low equity will just have to sit this out...

    Surely Hexus have real IT news rather than have to scrape the barrel like the TV news channels seem to do? For shame.....

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    Re: Headlines - House prices fall 2.5 percent in March

    There's a difference between a drop and a crash and you get the impression some can't see it. I'm not worried and the correction in the market seems reasonable.
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    Vive le pants! directhex's Avatar
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    Re: Headlines - House prices fall 2.5 percent in March

    stories like this MUST get published the day before i complete, mustn't they

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    Does he need a reason? Funkstar's Avatar
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    Re: Headlines - House prices fall 2.5 percent in March

    Yes hex, it's the rules. Don't tell me you didn't get the memo....

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    Re: Headlines - House prices fall 2.5 percent in March

    Quote Originally Posted by directhex View Post
    stories like this MUST get published the day before i complete, mustn't they
    Snap! - you're not moving to Tonbridge are you?!

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    Re: Headlines - House prices fall 2.5 percent in March

    Quote Originally Posted by M0nkeyb0Y View Post
    Snap! - you're not moving to Tonbridge are you?!
    no

    infact, i should note that the area i'm moving to saw an increase in prices this quarter.

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    Re: Headlines - House prices fall 2.5 percent in March

    Quote Originally Posted by directhex View Post
    no

    infact, i should note that the area i'm moving to saw an increase in prices this quarter.
    Ah but you're doomed anyway. The Daily Mail says so. It's the immigrants y'see.
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    Re: Headlines - House prices fall 2.5 percent in March

    Quote Originally Posted by dangel View Post
    Ah but you're doomed anyway. The Daily Mail says so. It's the immigrants y'see.
    better not let them know about my family history, or it'll be burning crosses on the front lawn

    well. on the road.

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    Re: Headlines - House prices fall 2.5 percent in March

    Quote Originally Posted by directhex View Post
    no
    Your loss, your loss

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    Chillie in here j.o.s.h.1408's Avatar
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    Re: Headlines - House prices fall 2.5 percent in March

    will this mean that first time buyers have a good chance of getting into the property ladder? does this fall benefit first time buyers in otehr words

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    Re: Headlines - House prices fall 2.5 percent in March

    I wouldn't have thought so unless you have a very non-first time buyer like deposit...

    Apparently no-one's selling mortgages anymore unless you have a 99% deposit and are guaranteed to live to 200. Even then they want a guarantor, a kidney and your first born must be named "Chardonnay Nationwide Smith"

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    Re: Headlines - House prices fall 2.5 percent in March

    so how are people suppose to get into the property ladder then? live on rent for the rest of there lives?

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    Does he need a reason? Funkstar's Avatar
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    Re: Headlines - House prices fall 2.5 percent in March

    Why not? Thats what they do in other counties.

    We have a national obsession with owning property, others don't. France is a good example.

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    Chillie in here j.o.s.h.1408's Avatar
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    Re: Headlines - House prices fall 2.5 percent in March

    why not? its good to have your own property plus from what i can see the majority of properties are mostly mortgage instead of rent. how much is rent on a typical 2 bedroom house? probably the exact same you pay for a mortgage plus bills a month so instead of giving your money to someone elses pocket, your money is going to your own house.

    And if you sell it you can gain alot of profit where renting you cant and therefore can move into a better bigger house in the future

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    Re: Headlines - House prices fall 2.5 percent in March

    Quote Originally Posted by j.o.s.h.1408 View Post
    why not? its good to have your own property plus from what i can see the majority of properties are mostly mortgage instead of rent. how much is rent on a typical 2 bedroom house? probably the exact same you pay for a mortgage plus bills a month so instead of giving your money to someone elses pocket, your money is going to your own house.

    And if you sell it you can gain alot of profit where renting you cant and therefore can move into a better bigger house in the future
    However to counter that (I've had plenty of practice at this argument with my dad...)

    I rent - if tiles come off the roof, no skin off my nose. Boiler fails? Get the landlord to fix it. I only pay insurance on my home contents, and it means I don't have to sweat over all the stuff about house prices in the news because I'm not going to find myself unable to make my mortgage payments and lose my house (how much money will you have "poured down the drain" then?

    However while I live in cheap, rented accomodation I can afford to save up a nice fat deposit for the day that I have enough confidence in the market that I decide that I DO want to buy. But in the meantime I have other things to spend my money on. Like a wedding, for starters.

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