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In Some Way I Am Relieved That House Prices Have Not Fallen

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I just have to wait for them not to fall for say another £40,000 and then the mortgage will be a sustainable repayment across all interest rates as I embark on a 25 year variable rate loan.

I mean.. house prices only increasing by 3% this year has left me having to spend £40,000 less if I buy now..

If say they only grow by another 4% this year will that mean that the flat would be £80,000

so two years at 4% growth on a flat starting at £170,000

would be a price of £183,872

hmmnn...

sorry my maths is out..

The flat was £170,000 now it is £130,000 and that is a growth of 4%..

I make it -23.52% not a rise of 4%...

Can anyone tell me where my maths is going wrong...?

only I keep seeing these big drops.. and well.. I am told this is a rise...

how does this work..

(devoid of any real point I have now to rely on sarcasim..)

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I can see where your coming from mate. Its similar to BBC today. Rates on hold was nowhere but houses up 3% YoY was a front page headline.

The fact that it was roughty +27% this time last year but they dont say -24% down do they?

It a typical example of - glass half full/half empty syndrome.

OASIS ALBUM NAME IS GETTING MORE APT BY THE DAY

"Dont Believe The Truth?"

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I can see where your coming from mate. Its similar to BBC today. Rates on hold was nowhere but houses up 3% YoY was a front page headline.

The fact that it was roughty +27% this time last year but they dont say -24% down do they?

It a typical example of - glass half full/half empty syndrome.

OASIS ALBUM NAME IS GETTING MORE APT BY THE DAY

"Dont Believe The Truth?"

Shielding my eyes from teddyboy`s hideous avatar I have to agree, Frozen out`s graph is invaluable evidence, you know prices are dropping, no amount of spin can stop it from happening. Relax

:D

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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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