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About LinkBacksRead more.Consumer confidence likely to be shaken by news that the house price bubble is deflating faster than expected
Read more.Consumer confidence likely to be shaken by news that the house price bubble is deflating faster than expected
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.....
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.
Crosshair VIII Hero (WIFI), 3900x, 32GB DDR4, Many SSDs, EVGA FTW3 3090, Ethoo 719
stories like this MUST get published the day before i complete, mustn't they
Yes hex, it's the rules. Don't tell me you didn't get the memo....
Snap! - you're not moving to Tonbridge are you?!Originally Posted by directhex
stories like this MUST get published the day before i complete, mustn't they
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.
Crosshair VIII Hero (WIFI), 3900x, 32GB DDR4, Many SSDs, EVGA FTW3 3090, Ethoo 719
better not let them know about my family history, or it'll be burning crosses on the front lawn
well. on the road.
Your loss, your loss
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
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"
so how are people suppose to get into the property ladder then? live on rent for the rest of there lives?
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.
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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