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Don't be surprised if house prices drop 20%
PropertyMania replied to fellow's topic in House prices and the economy
isn't that the basis for this entire site? -
yes, very different market. The only way you lose on the rate fix is if we get 30 years of very low inflation /deflation (highly unlikely imo). You're paying though with the sky high prices as everyone else has the same idea I wonder if this dash to lock in 30 year interest rate fixes means 1)price rises last longer, go higher, but 2)when rates do rise the drop in prices is more severe. In the UK five year fixes seem to now be the norm - will be interesting to compare to peaks of the past when variable rates were the norm
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$940k lol. Really don't get why people are congratulating him. I wish you no personal ill, but people who pay these nutty prices *are* the problem .
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UK Property market will "grind to a halt"
PropertyMania replied to Gurgle's topic in House prices and the economy
*she's fit though -
UK Property market will "grind to a halt"
PropertyMania replied to Gurgle's topic in House prices and the economy
yep, I spoke too soon. This is probably the dumbest article ever written.. The housing market is at its peak – but here's why you should buy now https://www.telegraph.co.uk/property/uk/housing-market-peak-should-buy-now/?WT.mc_id=e_DM1561900&WT.tsrc=email&etype=Loy_Dig_Acq_Tue_4Dto7D&utmsource=email&utm_medium=Loy_Dig_Acq_Tue_4Dto7D20220510&utm_campaign=DM1561900 -
UK Property market will "grind to a halt"
PropertyMania replied to Gurgle's topic in House prices and the economy
Melissa Lawford is one of us. The single bear on a ranch of bulls. And from the Telegraph of all papers. https://www.telegraph.co.uk/authors/m/ma-me/melissa-lawford/ -
The Real Problem In The Housing Market
PropertyMania replied to Horseradish's topic in House prices and the economy
Well the market sets the price, not landlords. Shows the yield on BTL has been shrinking for decades. Add in dramatically rising interest rates and they're in trouble -
The Real Problem In The Housing Market
PropertyMania replied to Horseradish's topic in House prices and the economy
yep, will correlate at times, but from memory I think UK rents have risen an average of about 2% a year this millennium. (Contrast with house prices) -
The Real Problem In The Housing Market
PropertyMania replied to Horseradish's topic in House prices and the economy
Lol. Yep, like people naturally assume rents automatically rise with house prices, but this is no evidence of this, they are two separate things. -
Well digital nomads is an increasing trend and for them literally the dumbest investment they could make is buying property locked to a single place. Yes, they could rent it out, but doesn't make sense to do it remotely as have to pay all sorts of management fees, not to mention a tax system that deliberately favours owner-occupiers