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Lest You Forget What Hpc Is About...

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For those newbies it may be worth highlighting how much we all believe we (and they) will save based on our own expectations of a crash/fall in prices. For my part I am not STR or a FTB but on the ladder in a smallish house waiting with my family to trade up (3 kids now, getting a squeeze!) so my situation may not be typical.

My expectations are based on the market since early 2004 in SW London. Asking prices where I live are (IMO) 10% down on peak May 2004 (selling prices probably are too but no firm data yet). If they drop another 10-12% over the next 18 months-2 years (easily possible - I expect that as a minimum) then in buying the same house for £500k rather than £650k I will be better off to the tune of nearly £300,000 (mortgage principal £150k less, £130k less interest over 25 years, £10k less in stamp duty) - and that is without taking into account the returns I would make on the income I am not using to pay my mortgage but stuffing into ISAs each year for 20 years.

I fully expect to be at least £400,000 better off in terms of "lifetime earnings/net worth" - all due to a 20% drop in prices. Use your own figures and put a number on it.

[20% is of course a conservative estimate of falls...]

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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