Dweller Posted April 11 Share Posted April 11 Can't see it myself ..... https://www.theguardian.com/money/2024/apr/11/uk-house-prices-should-return-to-growth-in-next-year-rics-survey-shows UK house prices should return to growth in next year, Rics survey shows Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 11 Share Posted April 11 What else would estate agents say? Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 What does growth mean?...... less than cpi inflation and less than what can get net instant access savings account protected.... Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 31 minutes ago, winkie said: What does growth mean?...... less than cpi inflation and less than what can get net instant access savings account protected.... this sounds like PTSD more than zero mate Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 12 minutes ago, mynamehere said: this sounds like PTSD more than zero mate More than zero is less than zero if can get better returns elsewhere....... investments should imo not be targeted to property.....property should not exceed general inflation of anything else...... Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 (edited) 35 minutes ago, winkie said: More than zero is less than zero if can get better returns elsewhere....... investments should imo not be targeted to property.....property should not exceed general inflation of anything else...... The article is talking about capital growth, not yield. Cash has yield. property also has yield. So it's total returns you want you compare, capital growth plus yield, then really you should also consider net rental yield from the property If it's not an investment, you should still consider the value of living the property, likely in terms of rental yield Edited April 11 by mynamehere Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 8 minutes ago, mynamehere said: Cash has yield. property has yield. if it's purely an investment, then you should also consider rental yield from renting it out. Which 95% of the time is equal or greater than net interest income. If it's not an investment, you should still consider the value of living the property in terms of rental yield of that property. so you keep referencing savings income without acknowledging that property has yield too is quite unbalanced, unless you are doing it as a joke. You have your opinion and interests.....if got all eggs in one basket should reassess....owning one property is a huge investment in itself. Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 6 minutes ago, winkie said: You have your opinion and interests.....if got all eggs in one basket should reassess....owning one property is a huge investment in itself. I buy eggs 6 at a time so it's never an issue Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 3 minutes ago, mynamehere said: I buy eggs 6 at a time so it's never an issue Careful not to drop them. Quote Link to comment Share on other sites More sharing options...
frederico Posted April 11 Share Posted April 11 Blimey there’s always someone who cares about semantics, what extremely detailed and genius research have they done to come to their conclusion? Oh finger in the air like everyone else. Has anyone ever been able to genuinely predict house prices or anything else? Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 48 minutes ago, winkie said: Careful not to drop them. i just chuck them in the bag. Breaking a couple is not a big deal. Quote Link to comment Share on other sites More sharing options...
Timm Posted April 11 Share Posted April 11 If you look at the actual report, their 12 month projections have been consistently over bullish for the last 10 years! https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/March_2024_RICS_UK_Residential_Market_Survey.pdf Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 1 hour ago, mynamehere said: i just chuck them in the bag. Breaking a couple is not a big deal. Must have plenty of money or is that plenty of debt?...... Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 (edited) 20 minutes ago, winkie said: Must have plenty of money or is that plenty of debt?...... I've discovered eggs trash my cholesterol, so I'm on 2 -3 a week. Losing half a pack wouldn't cause me a moments grief The cost all comes down to how much you want to spend on housing. and by far the biggest factor in that is how much the house is worth. Whether you choose to buy cash or get a mortgage doesn't make much difference in my calculators. I think cos mortgage rates are about the same as net savings rates in the past the way I look at is take my predicated net income for the next 10 years, add that to my current net wealth. Then traditionally I'll live in a house worth maybe 30% of the total. (per person on the deed). As I've got older, my priorities have changed a bit, I am more anchored, pets, kids, happy to never more or even go on holiday. It's become much more appealing to have my own castle So my comfort is more like 50% or more even. I can't really see the downside of losing half my eggs Edited April 11 by mynamehere Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 Once paid for your own castle, doesn't have to be big or a place converted by others, wealthy people wouldn't take a second glance, nice and cosy cheap to run and maintain, nice outside places, nice people, nice places....then can buy a place with what have saved to buy another place for even less in a better place.......don't tell everyone. Two for the price of one big one that is not wanted or desirable, flexibility and adaptability?.......less is more, what you don't owe shouldn't worry you.....nothing is a given, working for what is worth working for....leading a trend not following. Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 1 hour ago, winkie said: Once paid for your own castle, doesn't have to be big or a place converted by others, wealthy people wouldn't take a second glance, nice and cosy cheap to run and maintain, nice outside places, nice people, nice places....then can buy a place with what have saved to buy another place for even less in a better place.......don't tell everyone. Two for the price of one big one that is not wanted or desirable, flexibility and adaptability?.......less is more, what you don't owe shouldn't worry you.....nothing is a given, working for what is worth working for....leading a trend not following. We did flirt with the 2 cheap houses idea, but kids got too car sick, and that was that! We are also not fussy about finish or anything like that, so we prioritise location over anything else Unfortunately nice land in nice place is expensive and there is no trick to getting around that Quote Link to comment Share on other sites More sharing options...
winkie Posted April 11 Share Posted April 11 13 minutes ago, mynamehere said: We did flirt with the 2 cheap houses idea, but kids got too car sick, and that was that! We are also not fussy about finish or anything like that, so we prioritise location over anything else Unfortunately nice land in nice place is expensive and there is no trick to getting around that Nice land in a nice place doesn't have to be expensive......open your bag of hard boiled eggs and look about a bit......no tricks, not magic. Quote Link to comment Share on other sites More sharing options...
mynamehere Posted April 11 Share Posted April 11 40 minutes ago, winkie said: Nice land in a nice place doesn't have to be expensive......open your bag of hard boiled eggs and look about a bit......no tricks, not magic. If you live alternatively, absolutely. Cheapest land of all is the water, good times. Unfortunately, if you stray into the mainstream, land is priced fairly efficiently. If it's cheap there is usually a reason why. Quote Link to comment Share on other sites More sharing options...
fellow Posted April 11 Share Posted April 11 9 hours ago, Dweller said: Can't see it myself ..... https://www.theguardian.com/money/2024/apr/11/uk-house-prices-should-return-to-growth-in-next-year-rics-survey-shows UK house prices should return to growth in next year, Rics survey shows This survey was carried out before yesterday's bombshell higher for longer bond market realisation, when they would have been expecting rates to plummet later in the year. I also highly doubt they have any insight into what direction the economy will go in the coming months and will likely be doing nothing more than projecting yesterday's trend into the future, blindly assuming the small uptick in the market will continue to grow. Quote Link to comment Share on other sites More sharing options...
Pmax2020 Posted April 11 Share Posted April 11 Unfortunately prices seem to be holding in Scotland due to low supply. Good houses in good postcodes, as well as older period proprieties are selling as well as ever. I see a distinct lull in detached houses in estates with 100s of properties. There are significantly more of those being listed with a 2 or 3 at the beginning of the asking price, compared with 3s and 4s last year. The issue we have is wages continue to grow and mortgage rates will drop later this year. I expect deals to fall below 4% soon as we move away from the almost market-wide 5% level. Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted April 11 Share Posted April 11 42 minutes ago, fellow said: This survey was carried out before yesterday's bombshell higher for longer bond market realisation, when they would have been expecting rates to plummet later in the year. I also highly doubt they have any insight into what direction the economy will go in the coming months and will likely be doing nothing more than projecting yesterday's trend into the future, blindly assuming the small uptick in the market will continue to grow. They are just selling a dream. This is their only narrative. It’s pointless commenting on what they say. Quote Link to comment Share on other sites More sharing options...
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