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lagos36

Do I Really Care Anymore About House Prices?

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It is easy to feel fed up about the present cost of buying a house,more so by someone like myself who could have picked up a house in Victoria Park in Hackney in the mid 90s for around £100,000 probably be worth £500,000 now,a missed opportunity which will never present itself again.I`m fed up of hearing about house prices ,there must be something wrong when it makes the national news ,house prices rising again ,so what ,its just a place to live ,not a commodity,BTLing and property develoing is the British equivilant of the Californian gold rush,people have rushed to stake their claim at any price it seems.I like many others hope their will be a crash but I won`t be holding my breath neither do I really care any more.

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It is easy to feel fed up about the present cost of buying a house,more so by someone like myself who could have picked up a house in Victoria Park in Hackney in the mid 90s for around £100,000 probably be worth £500,000 now,a missed opportunity which will never present itself again.I`m fed up of hearing about house prices ,there must be something wrong when it makes the national news ,house prices rising again ,so what ,its just a place to live ,not a commodity,BTLing and property develoing is the British equivilant of the Californian gold rush,people have rushed to stake their claim at any price it seems.I like many others hope their will be a crash but I won`t be holding my breath neither do I really care any more.

Of course you don't care - you're priced out and sick to death of hearing and thinking about it. So you say to yourself 'they're all money obsessed nutters - I'm above all that - I really don't care about house prices.'

Which, of course, is fair enough and completely understandable.

You are not going to be allowed to live the life your parents have lived.

You are going to live in rented accommodation all your life - under Shorthold Tenancies that you can be kicked out of at the landlord's whim every 6 months.

You will not be able to settle down in your own house, decorate it how you like, stick on a conservatory and a bit of decking for the nice barbecues you will enjoy with family and friends. You are not going to enjoy the stability of owning your own home knowing that your kids will be able to stay at the same school and enjoy the stability and security of their own home as they grow up.

If you haven't yet ... you should give up dreaming there is going to be a House Price Crash that is going to miraculously turn the clock back to the mid 90s. If we get a crash we'll get a recession or maybe even a slump - so that is no good to anyone.

So, what's left.

Well, if I were you, I'd be getting angry.

Angry at the tax breaks and advantages enjoyed by BTLetters who have taken what should be people's homes and turned them into investments.

Your generation has been well and truly shafted.

But still you post on here about stock markets and interest rates and the price of gold and China and inflation and stagflation and hyperinflation ..... and every day more properties are bought by BTL investors and you are further than ever from owning your own home.

Time for an end to 'jaw-jaw'

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I should imagine that everyone who works in the media owns a house so its easy to see why they would all want to promote the rise of prices,I for one wish they would shut up about it.

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The media have a lot to answer for pushing this market upwards...

Which is why, if 50 of you got together and disrupted an Inside Track seminar, you'd get a lot of media coverage of your point of view.

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It is easy to feel fed up about the present cost of buying a house,more so by someone like myself who could have picked up a house in Victoria Park in Hackney in the mid 90s for around £100,000 probably be worth £500,000 now,a missed opportunity which will never present itself again.I`m fed up of hearing about house prices ,there must be something wrong when it makes the national news ,house prices rising again ,so what ,its just a place to live ,not a commodity,BTLing and property develoing is the British equivilant of the Californian gold rush,people have rushed to stake their claim at any price it seems.I like many others hope their will be a crash but I won`t be holding my breath neither do I really care any more.

If someone told you that house prices would rise by 500% in ten years, you would have called them mad. If someone told you today that house prices will fall by 500% in ten years you would also call them mad.

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Which is why, if 50 of you got together and disrupted an Inside Track seminar, you'd get a lot of media coverage of your point of view.

Why disrupt a seminar populated by ordinary people who are inquisitive about investing and making yourselves seem extreme?

I should imagine that everyone who works in the media owns a house so its easy to see why they would all want to promote the rise of prices,I for one wish they would shut up about it.

I agree that many have a vested interest in property – The PM and many other politicians for example!!!

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Of course you don't care - you're priced out and sick to death of hearing and thinking about it. So you say to yourself 'they're all money obsessed nutters - I'm above all that - I really don't care about house prices.'

Which, of course, is fair enough and completely understandable.

You are not going to be allowed to live the life your parents have lived.

You are going to live in rented accommodation all your life - under Shorthold Tenancies that you can be kicked out of at the landlord's whim every 6 months.

You will not be able to settle down in your own house, decorate it how you like, stick on a conservatory and a bit of decking for the nice barbecues you will enjoy with family and friends. You are not going to enjoy the stability of owning your own home knowing that your kids will be able to stay at the same school and enjoy the stability and security of their own home as they grow up.

If you haven't yet ... you should give up dreaming there is going to be a House Price Crash that is going to miraculously turn the clock back to the mid 90s. If we get a crash we'll get a recession or maybe even a slump - so that is no good to anyone.

So, what's left.

Well, if I were you, I'd be getting angry.

Angry at the tax breaks and advantages enjoyed by BTLetters who have taken what should be people's homes and turned them into investments.

Your generation has been well and truly shafted.

But still you post on here about stock markets and interest rates and the price of gold and China and inflation and stagflation and hyperinflation ..... and every day more properties are bought by BTL investors and you are further than ever from owning your own home.

Time for an end to 'jaw-jaw'

Spot on. The younger generation(s) simply do not seem to have clicked -- they have been absolutely screwed. It is going to affect their WHOLE lives -- very very badly.

http://www.housepricecrash.co.uk/forum/ind...showtopic=31648

Edited by eric pebble

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If someone told you that house prices would rise by 500% in ten years, you would have called them mad. If someone told you today that house prices will fall by 500% in ten years you would also call them mad.

I would certainly consider someone mad if they told me house prices were going to fall by any percentage bigger than 100.

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Of course you don't care - you're priced out and sick to death of hearing and thinking about it. So you say to yourself 'they're all money obsessed nutters - I'm above all that - I really don't care about house prices.'

Which, of course, is fair enough and completely understandable.

You are not going to be allowed to live the life your parents have lived.

You are going to live in rented accommodation all your life - under Shorthold Tenancies that you can be kicked out of at the landlord's whim every 6 months.

You will not be able to settle down in your own house, decorate it how you like, stick on a conservatory and a bit of decking for the nice barbecues you will enjoy with family and friends. You are not going to enjoy the stability of owning your own home knowing that your kids will be able to stay at the same school and enjoy the stability and security of their own home as they grow up.

If you haven't yet ... you should give up dreaming there is going to be a House Price Crash that is going to miraculously turn the clock back to the mid 90s. If we get a crash we'll get a recession or maybe even a slump - so that is no good to anyone.

So, what's left.

Well, if I were you, I'd be getting angry.

Angry at the tax breaks and advantages enjoyed by BTLetters who have taken what should be people's homes and turned them into investments.

Your generation has been well and truly shafted.

But still you post on here about stock markets and interest rates and the price of gold and China and inflation and stagflation and hyperinflation ..... and every day more properties are bought by BTL investors and you are further than ever from owning your own home.

Time for an end to 'jaw-jaw'

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It is easy to feel fed up about the present cost of buying a house,more so by someone like myself who could have picked up a house in Victoria Park in Hackney in the mid 90s for around £100,000 probably be worth £500,000 now,a missed opportunity which will never present itself again.

why do you think this opportunity will never present itself again?

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I would certainly consider someone mad if they told me house prices were going to fall by any percentage bigger than 100.

I probably put that badly. I think there is a reasonable chance that prices will fall to less than 40% of today's value. I suspect that many would dub me as a crank for saying so but when the spendfest is over, I doubt many people will have an appetite for big mortgages anymore.

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why do you think this opportunity will never present itself again?

Just the way things are at the moment,its hard in the present climate to imagine prices becoming affordable.

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I would certainly consider someone mad if they told me house prices were going to fall by any percentage bigger than 100.

They could fall more than 100% if we saw the scenario of buy one get one free <_<

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Of course you don't care - you're priced out and sick to death of hearing and thinking about it. So you say to yourself 'they're all money obsessed nutters - I'm above all that - I really don't care about house prices.'

Which, of course, is fair enough and completely understandable.

You are not going to be allowed to live the life your parents have lived.

You are going to live in rented accommodation all your life - under Shorthold Tenancies that you can be kicked out of at the landlord's whim every 6 months.

You will not be able to settle down in your own house, decorate it how you like, stick on a conservatory and a bit of decking for the nice barbecues you will enjoy with family and friends. You are not going to enjoy the stability of owning your own home knowing that your kids will be able to stay at the same school and enjoy the stability and security of their own home as they grow up.

If you haven't yet ... you should give up dreaming there is going to be a House Price Crash that is going to miraculously turn the clock back to the mid 90s. If we get a crash we'll get a recession or maybe even a slump - so that is no good to anyone.

So, what's left.

Well, if I were you, I'd be getting angry.

Angry at the tax breaks and advantages enjoyed by BTLetters who have taken what should be people's homes and turned them into investments.

Your generation has been well and truly shafted.

But still you post on here about stock markets and interest rates and the price of gold and China and inflation and stagflation and hyperinflation ..... and every day more properties are bought by BTL investors and you are further than ever from owning your own home.

Time for an end to 'jaw-jaw'

The main problem is mis-management from the top (ie big business & government).

This is on a number of issues - you are looking at only one piece of the jigsaw.

Situations change over time and previous generations have had to fight world wars or go thru their own hard times and boom & bust cycles. No wonder people have taken opportunities to invest towards their futures.

The point about tax breaks gets banded around by people who dont understand the situation and are looking for a sound-bite. B2L is actually subject to a fair amount of tax rather than tax breaks. B2L properties were owner occupied they would not be subject to tax so the treasury would lose out.

A balanced and rational first step would be to ensure that B2Lers are all paying the tax they owe (It's up to 40% of any rental profit and up to 40% on any capital gain). They also have to pay interest on loans & repair expenses (they are the main non-taxable items) and also insurance. So I think at the moment it must be hard to make much profit out of new B2L property in any case.

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of course they will fall back. have no doubts about that.

set yourself for another 2 years of waiting. the slide is happening now. dont look at vested figures of desperation. look around you. ask people you know who are selling, because nothing is selling. gold is high. debt is very high. people maxed out of cc. jobs getting tight. industry investment low. all they have is overpriced houses and not much else. the young new buyers simply are not interested. the boomers are debt laden. families simply happier living that climbing fake ladders. why lose your money on HPI when you can spend it living well and renting of a local authority. people are sharing to save, living with parents and working abroad. anything to keep away from the market. the whole country is on standby. the only thing you hear is 'house price boom' 'please help us' and thats become so old and tired, people simply dont believe it anymore. i dont.

i looked at one for 120k in now 05. still for sale same price. flat in leyalnd cant sell for 20k less than purchased. mates mums house on market for 16 months with no takers. nothing doing. EA offices deserted. sellers desperate to hold on to perceived prices. desperate for your huge amounts of free money before it turns.

because they ALL worry it will turn.

and so it will.

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I would certainly consider someone mad if they told me house prices were going to fall by any percentage bigger than 100.

You've obviously missed the point of dog's post.....

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of course they will fall back. have no doubts about that.

set yourself for another 2 years of waiting. the slide is happening now. dont look at vested figures of desperation. look around you. ask people you know who are selling, because nothing is selling. gold is high. debt is very high. people maxed out of cc. jobs getting tight. industry investment low. all they have is overpriced houses and not much else. the young new buyers simply are not interested. the boomers are debt laden. families simply happier living that climbing fake ladders. why lose your money on HPI when you can spend it living well and renting of a local authority. people are sharing to save, living with parents and working abroad. anything to keep away from the market. the whole country is on standby. the only thing you hear is 'house price boom' 'please help us' and thats become so old and tired, people simply dont believe it anymore. i dont.

i looked at one for 120k in now 05. still for sale same price. flat in leyalnd cant sell for 20k less than purchased. mates mums house on market for 16 months with no takers. nothing doing. EA offices deserted. sellers desperate to hold on to perceived prices. desperate for your huge amounts of free money before it turns.

because they ALL worry it will turn.

and so it will.

|Not sure I agree that nothing is selling (however it may not be at the full asking price!) If you look on rightmove and show properties sold stc you will see that plenty of properties have sold recently. However over the last few weeks I have seen some property going on the market at ridiculous prices (eg. Studio in a Bedford village for £99, 500). Also though I noticed a 1 bed house in the same village reduced in asking price from £126k to £109k

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The main problem is mis-management from the top (ie big business & government).

This is on a number of issues - you are looking at only one piece of the jigsaw.

Situations change over time and previous generations have had to fight world wars or go thru their own hard times and boom & bust cycles. No wonder people have taken opportunities to invest towards their futures.

The point about tax breaks gets banded around by people who dont understand the situation and are looking for a sound-bite. B2L is actually subject to a fair amount of tax rather than tax breaks. B2L properties were owner occupied they would not be subject to tax so the treasury would lose out.

A balanced and rational first step would be to ensure that B2Lers are all paying the tax they owe (It's up to 40% of any rental profit and up to 40% on any capital gain). They also have to pay interest on loans & repair expenses (they are the main non-taxable items) and also insurance. So I think at the moment it must be hard to make much profit out of new B2L property in any case.

I am looking at the one piece of the jigsaw that you could actually fix.

Of course it is hard to make profit out of new BTL properties. That's my point. Even though it is difficult (probably impossible) it still hasn't stopped people piling into it because they believe (rightly) that property is a good long-term investment.

How easy would it be to tax BTL more. Dead easy. What effect would it have? New BTL investment would stop and the market would adjust to allow FTBs to buy again. i.e. property prices would drop. It would hurt some people that have bought recently but nowhere near as many as the recession/HPC scenario would.

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How easy would it be to tax BTL more. Dead easy. What effect would it have? New BTL investment would stop and the market would adjust to allow FTBs to buy again. i.e. property prices would drop. It would hurt some people that have bought recently but nowhere near as many as the recession/HPC scenario would.

The government (and the media) don't want house prices to drop. They could have stopped it years ago but decided not to. We don't need to protest for them to know they've shafted us - they already know, and the best response we could hope to achieve is feigned sympathy.

And incase anyone missed it, there was another 2 hours of property porn on BBC1 this morning.

10:00 am Homes Under the Hammer

11:00 am To Buy or Not to Buy

These programmes are designed to create demand for housing and BTL, and hence to push prices up.

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To the OP.

Don't forget, the only people who made serious money out of the California gold rush, were the people selling pots and pans, shovels, and donkey's to the prospectors. :D

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ive been looking at sites for the past year and ive found ea posting the same homes last year this year, 2 days later a sold sign or under offer next to it, could this be a tactic?.

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I probably put that badly. I think there is a reasonable chance that prices will fall to less than 40% of today's value. I suspect that many would dub me as a crank for saying so but when the spendfest is over, I doubt many people will have an appetite for big mortgages anymore.

I actually agree with the "40% of present value at the bottom" scenario, but I am a pedant and a smarta-rse when it comes to percentages.

It particularly amuses me when I hear a bull say "Who cares if prices fall 25% when they've already risen 30%?"

If you do the sums; start at 100, rise to 130, then fall to 97.5

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Guest pioneer31

Of course you don't care - you're priced out and sick to death of hearing and thinking about it. So you say to yourself 'they're all money obsessed nutters - I'm above all that - I really don't care about house prices.'

Which, of course, is fair enough and completely understandable.

You are not going to be allowed to live the life your parents have lived.

if he inherits his parents home, he WILL be able to own

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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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