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Prices Wont Fall, They Tell Me.......


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ive told people / friends in my local area about this website, and explained why house prices will / must fall, but ive yet to find anyone who thinks that this will happen, the latest comment was that " i was dreaming" "prices will never drop there is to much demand" etc have they all got their eyes closed ? ive seen prices lowered all over the place here, or if your an estate agent ' january sales' :D:huh: ive had my eye on a few houses in my local area, and they have been on the market for about 4 months now, 2 agent boards up for the last 2 months still no sale, the reason of course is the house is way over priced, when will they wake up to the fact that people simply havent got the money to pay what they are asking? :blink: its an end terrace on the market for 184,000, maybe not much in some parts of the country but wages here start from £10,000 to about £20,000 and £20,000 is seen as a good wage around here! .....im off to buy a tent..... :lol:

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welcome henry,

well this time next year you'll be able to sit back and have a smug look of satisfaction all over your face,when you tell your mates that we ALL said so,and they just didn't listen!!!!

OSTRICH...HEAD...SAND springs to mind!

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Hi henry, im in the same situation. I tell friends (some are thinking of buying at the moment) that prices are very likely to fall (are falling!), and they just disagree... I find it really strange to be honest, because I feel that intelligent people in every other aspect of life simply do not open their eyes when it comes to house prices. I guess all you can do is tell them and hope they dont get into a mess. I think the media plays a big part....it still bugs me that the halifax and nationwide get headline news space once a month to carry on there free advertising. Properties is gonna fall though i think, although i am still wary because it has been such a manic market over the last few years. The figures out at the moment and what i see out and about do suggest subtantial falls though.

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I think the real reason we are getting such a mix of views is for the simple reason that wages are unequal at a level never seen before.

Whilst some are on 40K plus, others are on 14K.

I suppose its like most things you make appraisals on your own personal circumstances. Most people I know would not get out of bed for less than 35K so my perception of affordability is somewhat different.

I do have no sympathy whatsoever for those who complain house prices are beyone affordability when they then say they earn 45K as was the case here a few weeks ago.

Forget pushing house prices down, the real problem is to address the inequality of the pay scales and we should all be arguing a fair days pay for a fair days work.

Wages should go up thats the real problem.

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Heehee, that's the best one yet Laurejon!!! House prices aren't the problem, low wages are!!!!! :lol::lol::lol:

Desperation really must be setting in at the bull camp if that's the best you can come up with.

Yeah, sure, let's all demand 100% pay rises. Of course in the era of globalisation that'll be REALLY successful.

Your car is probably made in Eastern Europe or Mexico, your household goods come from the far east, as do your kids toys, and all your clothes. All your financial services are provided via call centres in India. Even highly skilled techincal UK jobs are being outsourced to India etc. It's ok though, because there are loads of manual jobs that have to be done by local labour. Let's face it, you can't have your doctor or builder based in eastern europe...oh wait a minute...the government has just said they can all come here instead.

Any other bright ideas?

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Dear LJ,

Glad to hear that you have no sympathy for those that earn 40K and say that houses are unaffordable. Me and me wife earn about 200k per year and have an almost equal amount in the bank with more being saved every month.

Both of us feel that houses are over priced, both of us are in recession proof jobs and neither of us are minded to buy a house at the mo. Quite happy to 'throw money away renting' rather than 'throw money away on interest'.

Let me know when my top 3% income can buy me a top 3% house rather than a boxy 1970's abortion and we'll consider buying our third house.

Speculation?

You bet.

Me and many others. And many more by the day.

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uro_who,

Probably hasn' escaped your notice, but the higher up the property scale you go the more shocking is the differential between rents/prices or more to the point the cost of renting the money to buy the same place - with maybe the exception of certain parts of London - if you can actually find a tennant that is. Anybody fancy a half a million + speculative punt on the property market and pay twice the monthly amount for the priviledge?

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******** to wage equality.

I spent years at college and uni to get where I am,why should a chav who's only skill is dodging bail earn the same amount as I do?

you reap what you sow.....what kind of society do you want to live in?

one where people are encouraged to better themselves,or one where people sit on their fat a***es all day,smoking pot and being brainwashed by richard+judy?

these people are parasites!time to call rentokil!

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Hi henry, im in the same situation. I tell friends (some are thinking of buying at the moment) that prices are very likely to fall (are falling!), and they just disagree... I find it really strange to be honest, because I feel that intelligent people in every other aspect of life simply do not open their eyes when it comes to house prices. I guess all you can do is tell them and hope they dont get into a mess. I think the media plays a big part....it still bugs me that the halifax and nationwide get headline news space once a month to carry on there free advertising. Properties is gonna fall though i think, although i am still wary because it has been such a manic market over the last few years. The figures out at the moment and what i see out and about do suggest subtantial falls though.

'because I feel that intelligent people in every other aspect of life simply do not open their eyes when it comes to house prices.'

Intelligent people often sign themselves up to the worst mortgages going. Intelligent people often think they are so intelligent that they could not possibly have a crap mortgage. Intelligent people often have the sort of mortgage that is fixed at 1.5% for two years and is tied in at SVR for a further 5. Alas, they still don't see it - and they still think they've got a good deal. :-( - And these people are teaching our new generation BTW.

And you expect them to predict the housing market??? Or listen to detailed facts regarding finance linked to the GB economy?

You're asking far too much from an 'intelligent' human being.

Give them a Tesco Clubcard; they'll understand that.

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******** to wage equality.

I spent years at college and uni to get where I am,why should a chav who's only skill is dodging bail earn the same amount as I do?

you reap what you sow.....what kind of society do you want to live in?

one where people are encouraged to better themselves,or one where people sit on their fat a***es all day,smoking pot and being brainwashed by richard+judy?

these people are parasites!time to call rentokil!

I agree! But in moments of extreme bubble mania (now) people are getting ahead by sheer speculation as opposed to hard work. Others who have worked hard have seen their saving destroyed in relation to rampant asset inflation.

A fair (free) economy would reward SAVERS and discourage RAMPANT SPECULATION.

Oh well, what the market giveth the market will one day taketh!

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I would agree other than the fact that many skilled proffesionals are being laid off today only to find the jobs available pay 14k.

Where I live my local rag advertises for accountants at 17K with five years experience.

Ouch!

How about legal secretaries being outsourced overseas. Apparently they're now dictating legal documents to specialist firms in India.

For a whole load of reasons, western economies are looking seriously screwed up. :ph34r:

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But if everyone saved and did not speculate then we would not have a job would we.

In any economy you need risk takers and workers. A nation of all risk takers is bad, as is a nation of only workers.

If Richard Branson had been a saver he would be browsing over the accounts of our local cornershops instead of heading up a corporation employing thousands across the world.

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******** to wage equality.

I spent years at college and uni to get where I am,why should a chav who's only skill is dodging bail earn the same amount as I do?

you reap what you sow.....what kind of society do you want to live in?

one where people are encouraged to better themselves,or one where people sit on their fat a***es all day,smoking pot and being brainwashed by richard+judy?

these people are parasites!time to call rentokil!

Utter Blasphemy!!!

Richard and Judy should be knighted! Well Richard at least. Anybody caught nicking Morrisson's Vino deserves a medal if not the DESPERATE medal.

Anhyway, he's quite cute.

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laurejon,

It's the debt that is the problem. For every £1 that is taken out in debt £2 or more has to be earnt and paid back. Debt repayments do not necessarily go back into the economy - particulalry if the debt is to a foreign entity and the more you build up the less there is left spare for consumption and the less likely it is that people will speculate and try something original or risky in setting up a business when they have a financial noose rounf their neck.

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  • 439 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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