KIRK AND CO Posted April 14, 2013 Share Posted April 14, 2013 They are saying uk housing will be back up to 2007 prices by end of year if true I feel sorry for those who sold at a loss if only you could wait a bit just to see if correct think of the extra $ you will have. Link to comment Share on other sites More sharing options...
Peach Posted April 14, 2013 Share Posted April 14, 2013 Post of the year... Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 I was chatting to an Estate Agent the other week and they said they had the busiest February for about 5 years and that was sales not just viewings. Link to comment Share on other sites More sharing options...
northshorepom Posted April 14, 2013 Share Posted April 14, 2013 I was chatting to an Estate Agent the other week and they said they had the busiest February for about 5 years and that was sales not just viewings. To paraphrase Mandy Rice-Davies - he would say that, wouldn't he? Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 To paraphrase Mandy Rice-Davies - he would say that, wouldn't he? Well no not really, she wasnt in a real estate environment and wasnt trying to sell our house. It was just chit chat. Link to comment Share on other sites More sharing options...
whatsitallabout Posted April 14, 2013 Share Posted April 14, 2013 who cares! We might have sold at a loss but gained in many many ways. I am glad we took the gamble as it has certainly paid off now 4 years later! Link to comment Share on other sites More sharing options...
newjez Posted April 14, 2013 Share Posted April 14, 2013 who cares! We might have sold at a loss but gained in many many ways. I am glad we took the gamble as it has certainly paid off now 4 years later! Swings and roundabouts. Four years ago the exchange rate was better Link to comment Share on other sites More sharing options...
Guest51810 Posted April 14, 2013 Share Posted April 14, 2013 To paraphrase Mandy Rice-Davies - he would say that, wouldn't he? Haha thats what I was thinking Link to comment Share on other sites More sharing options...
Guest51810 Posted April 14, 2013 Share Posted April 14, 2013 So house prices are going to go up? doesnt that mean that its going to be even harder for people to get on the property ladder when they are finding it harder to secure a mortgage in the first place. Obviously its going to be good for people who wont have problems finding a buyer Link to comment Share on other sites More sharing options...
Galahad Posted April 14, 2013 Share Posted April 14, 2013 Bingo - took the words right out of etc........ !!!!! Link to comment Share on other sites More sharing options...
Guest51810 Posted April 14, 2013 Share Posted April 14, 2013 I think we're going to be paying somebody elses mortgage till the time im 30! Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 I think we're going to be paying somebody elses mortgage till the time im 30! Dont worry, we didnt get our first mortgage until a couple of months after my 40th Link to comment Share on other sites More sharing options...
Guest51810 Posted April 14, 2013 Share Posted April 14, 2013 Dont worry, we didnt get our first mortgage until a couple of months after my 40th Really? Thats a depressing thought. I dont want to wait that long. Our landlord is lovely and a friend of ours but i just dont want to pay peoples mortgages for the rest of my life. Saying that, i dont feel ready for a mortgage right now untill I have a fulltime steady job so shouldnt be complaining! Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 Why depressing ? We were too busy travelling and having fun to worry about a mortgage before then anyway. Really? Thats a depressing thought. I dont want to wait that long. Our landlord is lovely and a friend of ours but i just dont want to pay peoples mortgages for the rest of my life. Saying that, i dont feel ready for a mortgage right now untill I have a fulltime steady job so shouldnt be complaining! Link to comment Share on other sites More sharing options...
Phil & Vikki Posted April 14, 2013 Share Posted April 14, 2013 It is all about swings and roundabouts. Link to comment Share on other sites More sharing options...
colinmaclec Posted April 14, 2013 Share Posted April 14, 2013 Simple laws of economics cannot allow the prices to rise back to 2007 levels. For example if banks will only lend 3-4 x annual salary and avg salary is 25K or thereabouts and avg houseprice is £200K that is 8x avg salary!. There are no self cert loans anymore nor 100% loans ( which kinda mucks up first time buyers) and lending is stricter and pay rises have been very limited and pay cuts are more common so can you explain where the money is coming from? Link to comment Share on other sites More sharing options...
Rossmoyne Posted April 14, 2013 Share Posted April 14, 2013 Simple laws of economics cannot allow the prices to rise back to 2007 levels. For example if banks will only lend 3-4 x annual salary and avg salary is 25K or thereabouts and avg houseprice is £200K that is 8x avg salary!. There are no self cert loans anymore nor 100% loans ( which kinda mucks up first time buyers) and lending is stricter and pay rises have been very limited and pay cuts are more common so can you explain where the money is coming from? Waiting for you the answer as always! Link to comment Share on other sites More sharing options...
colinmaclec Posted April 14, 2013 Share Posted April 14, 2013 Are the banks lending crazy money again since i left the UK? do we have 125% mortgages again? Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 Houses are still selling so I guess lots of people are still managing to buy them. The days of houses being 2 to 4 times income are long gone. Link to comment Share on other sites More sharing options...
colinmaclec Posted April 14, 2013 Share Posted April 14, 2013 There are always houses selling no matter how bad the housing market is. When its down investors buy on the cheap. Its all happened before and it will happen again but you still have not answered how everybody can suddenly afford the mortgages they couldn't afford 5 years ago. Link to comment Share on other sites More sharing options...
scuffythetugboat Posted April 14, 2013 Share Posted April 14, 2013 Is everyone suddenly back in work then? Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 Well they go to a bank or a broker, tell them what they earn and they are offered a mortgage, same principle as anywhere really. How do people in countries with a greater level of unaffordability manage ? When we sold our house the buyers had to borrow from their parents on top of the mortgage, same here maybe. Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 Is everyone suddenly back in work then? No, still only 90 odd %. Link to comment Share on other sites More sharing options...
Guest Guest 47403 Posted April 14, 2013 Share Posted April 14, 2013 Is everyone suddenly back in work then? No still a massive unemployment problem! Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 14, 2013 Share Posted April 14, 2013 :biglaugh: Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.