cashinmattress Posted July 20, 2009 Share Posted July 20, 2009 e-Poll: Do you think that house prices in the UK represent good value? Currently: 95,7% = still over valued 2,8% = fair value 1,5% = under valued (Hamish?) Quote Link to comment Share on other sites More sharing options...
sbn Posted July 20, 2009 Share Posted July 20, 2009 Done! Anyone who borrowed to buy a house n the last 10 years has been! Quote Link to comment Share on other sites More sharing options...
Timm Posted July 20, 2009 Share Posted July 20, 2009 Oh dear. I wish they had an edit button on the times site. Posted: Is this for real?Using the Rightmove data that you quote, the average house price is about £227k. A typical fixed rate just now is about 5.5%, which equates to £1,410 per month for that amount. Median salary last year was £24,908, which equates to £1,592 a month take home. So the average wage would not be enough to pay the mortgage on the average house, let alone paying council tax, bills, pension, food, heating, transport, maintenance on house etc etc. And that is assuming you could get a 100% mortgage, which you can't. What a load of rubbish. Spot the error! Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted July 21, 2009 Share Posted July 21, 2009 HOW CAN ANYONE TNK THEY GOOD VALUE Quote Link to comment Share on other sites More sharing options...
sbn Posted July 21, 2009 Share Posted July 21, 2009 BUMPAGE Quote Link to comment Share on other sites More sharing options...
Charterhouse Posted July 21, 2009 Share Posted July 21, 2009 What a stupid question - "good value" is completely subjective. Vs what? Quote Link to comment Share on other sites More sharing options...
Moo Posted July 21, 2009 Share Posted July 21, 2009 What a stupid question - "good value" is completely subjective. Vs what? There are plenty of options for new market entrants other than buying somewhere, one of which doesn't involve renting either. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted July 21, 2009 Share Posted July 21, 2009 What a stupid question - "good value" is completely subjective. Vs what? Its a perfectly sensible question but you are correct in that it is very objective, which is the point of the poll. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 21, 2009 Share Posted July 21, 2009 What a stupid question - "good value" is completely subjective. Vs what? 1. Rentable value 2. Wages In relation to both prices need to drop another 30-50% to be good value in the common understanding of that word. Quote Link to comment Share on other sites More sharing options...
the flying pig Posted July 21, 2009 Share Posted July 21, 2009 ...1,5% = under valued (Hamish?) nah, i suspect that hamish will be in the 'about fair' camp. the person who voted for 'undervalued' is probably stuart law. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted July 21, 2009 Share Posted July 21, 2009 Value in my mind would be the yield vs. oppurtunity cost, and wether its cheaper to rent than get an IO mortgage. I guess theoretically if you can cram in a lot of students in some cheaper areas in Northern towns some might be good value. Aside from that cash seems to yield more in most cases. Quote Link to comment Share on other sites More sharing options...
OnionTerror Posted July 21, 2009 Share Posted July 21, 2009 One of the comments... Where I live, house prices are just right and set to rise. I have lots and lots of equity and am sitting pretty. The next boom will be HUGE. Those underemployed feckless fools who are sitting around praying for the financial armageddon that further price falls imply should buy now before it's too late - they'll never own a house. A life of debt beats a life of rent! Posted by: HAMISH_MCTAVISH | 21 Jul 2009 13:15:40 Quote Link to comment Share on other sites More sharing options...
Sibley's Love Child Posted July 21, 2009 Share Posted July 21, 2009 Well, I did my bit. Funnily enough on the same page I noticed this: Latest posts e-Poll: Do you think that house prices in the UK represent good value? Win £25: Should I tell my siblings about my discovery? At first glance I thought it read 'Should I tell sibley about the recovery?'. How very appropriate. Quote Link to comment Share on other sites More sharing options...
Selling up Posted July 21, 2009 Share Posted July 21, 2009 One of the comments...Where I live, house prices are just right and set to rise. I have lots and lots of equity and am sitting pretty. The next boom will be HUGE. Those underemployed feckless fools who are sitting around praying for the financial armageddon that further price falls imply should buy now before it's too late - they'll never own a house. A life of debt beats a life of rent! Posted by: HAMISH_MCTAVISH | 21 Jul 2009 13:15:40 Gotta be a bear from here taking the p1ss. Quote Link to comment Share on other sites More sharing options...
kara gee Posted July 21, 2009 Share Posted July 21, 2009 It always makes me laugh to see HAMISH MCTAVISH'S name popping up in the comments section in the online news. I'd love to know how many people post as Mctav. Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted July 21, 2009 Share Posted July 21, 2009 Is Mc Tavish having a Brunoesque breakdown, or are different people posting as Mc Tavish on various news sites? Quote Link to comment Share on other sites More sharing options...
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