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Tester

Local Paper: House Price Crash Letters

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Last week the front page headline of the West Sussex Gazette was that 70% of people were priced out of the housing market. This week there were two letters responding.

Here is the first:

lettera1.jpg

post-863-1147967634.jpg

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Last week the front page headline of the West Sussex Gazette was that 70% of people were priced out of the housing market. This week there were two letters responding.

Here is the first:

lettera1.jpg

Hmm I wonder who the author is? :unsure:

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Good work :).

P.S. Either the other author or the sub-editor doesn't understand percentages and ratios though.

Edited by Rave

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To the moderators: Can we have a gallery to put our published letters in?

Now, a challenge to all HPC'ers: get a letter published in your local rag and show it here.

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The old adage of "renting is dead money" just does not ring true any more.

In many areas it is considerably cheaper to rent than pay an interest-only mortgage on an identical property (the equivalent of renting from a bank or building society.)

Renting is even greater value when the cost of maintenance, rates and wear and tear are factored in. Would-be buyers should consider putting their plans on hold and have their rent effectively subsidised by the current raft amateur speculators.

Money saved can be put towards a deposit at a time when market prices are more closely linked to reality.

It is also worth bearing in mind that other parts of the UK, which have experienced a similar boom, are now witnessing price falls.

I guess the lost money from renting comes from the current rapid growth in house prices. Im selling an apartment at the moment that Ive owned for five years. Apartment prices rose by 30% last year. Mine has risen at least that in the past year. After giving serious consideration to renting or 'getting out when the going's good' Ive bought a semi. House prices probably have a bit further to go before they peak and/or fall. And have house prices in NI ever fallen that far before?

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Only just seen this thread, so thank you to fivecups for bumping it to the top with his tales of soaring property prices in NI.

Tester, and the other one, well done!

btp

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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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