cki2011 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. who said this as we are about to sell one of our houses at at huge drop so if there is any truth to it we will pull out and wait a while.... Link to comment Share on other sites More sharing options...
Guest51810 Posted April 14, 2013 Share Posted April 14, 2013 :biglaugh: Laugh if you want Chris but unemployment is a big problem, especially for youths. Before anybody says it - yes i know its the same in aus! Link to comment Share on other sites More sharing options...
northshorepom Posted April 14, 2013 Share Posted April 14, 2013 Well no not really, she wasnt in a real estate environment and wasnt trying to sell our house. It was just chit chat. They still talk the market up at every opportunity. It's in their DNA Link to comment Share on other sites More sharing options...
Guest Guest 47403 Posted April 14, 2013 Share Posted April 14, 2013 Laugh if you want Chris but unemployment is a big problem, especially for youths. Before anybody says it - yes i know its the same in aus! Some people are just not bothered by things like unemployment Stace it's often a case of as long as it doesn't affect them it can't exist or they don't like to admit it does. Commonly reffered to as a jack attitude! Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 15, 2013 Share Posted April 15, 2013 Laugh if you want Chris but unemployment is a big problem, especially for youths. Before anybody says it - yes i know its the same in aus! I wasnt laughing about unemployment, I was laughing at the predictable sad response. If I had said white he would have said black. Link to comment Share on other sites More sharing options...
KIRK AND CO Posted April 15, 2013 Author Share Posted April 15, 2013 who said this as we are about to sell one of our houses at at huge drop so if there is any truth to it we will pull out and wait a while....rightmove have backed up yesterdays housing news prices are going up. Link to comment Share on other sites More sharing options...
KIRK AND CO Posted April 15, 2013 Author Share Posted April 15, 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? quite a few will inherit large properties which will cut the need for 8x average salery others will have parents who will of taken advantage of the drop & brought property to allow there child to take first steps as I have and the ones who do not get these advantages will do it the old way. Link to comment Share on other sites More sharing options...
colinmaclec Posted April 15, 2013 Share Posted April 15, 2013 Clutching and straws comes to mind with your last 2 comments Link to comment Share on other sites More sharing options...
Peach Posted April 15, 2013 Share Posted April 15, 2013 Kirk & CO spruiking the housing market since 2007... Link to comment Share on other sites More sharing options...
Guest Guest 47403 Posted April 15, 2013 Share Posted April 15, 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. Who are 'they'? Link to comment Share on other sites More sharing options...
KIRK AND CO Posted April 15, 2013 Author Share Posted April 15, 2013 Who are 'they'?rightmove this morning Link to comment Share on other sites More sharing options...
Guest chris955 Posted April 15, 2013 Share Posted April 15, 2013 http://mobile.bloomberg.com/news/2013-04-11/u-k-house-prices-reach-five-year-high-as-london-s-lead-widens.html Link to comment Share on other sites More sharing options...
Johndoe Posted April 15, 2013 Share Posted April 15, 2013 http://mobile.bloomberg.com/news/2013-04-11/u-k-house-prices-reach-five-year-high-as-london-s-lead-widens.html "Excluding London from the annual house-price increase of 3 percent would leave the average rise nationally at 0.5 percent, " Whoppy doo! Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted April 15, 2013 Share Posted April 15, 2013 I have deleted the personal insults from this thread and warnings have been given. Link to comment Share on other sites More sharing options...
craigyboy Posted April 15, 2013 Share Posted April 15, 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? More importantly wage increases have not caught up to sustain the level of post crisis house price inflation i.e. affordability. Hence, London and pockets of wealth may or are experiencing the level of house price inflation that those of us throughout the nation experienced before the crash. Therefore, in the meantime, brace yourself for a period of maybe 5 more years of house price correction, should the government not intervene with state backed mortgages beforehand!!!!!. Link to comment Share on other sites More sharing options...
Guest51810 Posted April 15, 2013 Share Posted April 15, 2013 "Excluding London from the annual house-price increase of 3 percent would leave the average rise nationally at 0.5 percent, " Whoppy doo! Whoooo go london. Link to comment Share on other sites More sharing options...
Guest Guest 47403 Posted April 15, 2013 Share Posted April 15, 2013 rightmove this morning Rightmove have said house prices will be back to 2007 prices by the end of the year? Link to comment Share on other sites More sharing options...
Guest Andy Posted April 15, 2013 Share Posted April 15, 2013 Whoooo go london. The property market in London will always be pretty good Stacey because that's where a lot of people ( especially those with money ) want to live, it's our capital with loads going on and will always be sought after. Link to comment Share on other sites More sharing options...
colinmaclec Posted April 16, 2013 Share Posted April 16, 2013 More importantly wage increases have not caught up to sustain the level of post crisis house price inflation i.e. affordability. Hence, London and pockets of wealth may or are experiencing the level of house price inflation that those of us throughout the nation experienced before the crash. Therefore, in the meantime, brace yourself for a period of maybe 5 more years of house price correction, should the government not intervene with state backed mortgages beforehand!!!!!. Could be longer than that it is not sustainable unless we start taking 50 year mortgages ( watch this space). Japan had a crash around 20 years ago and there property has slowly risen since. I think that situation is more likely, a long term correction Link to comment Share on other sites More sharing options...
surfandsea Posted April 16, 2013 Share Posted April 16, 2013 Houses where i live. south east uk. have gone up a fair amount and are selling well. (off to qld for a holiday soon) lets hope i like the place or uk i will stay. Link to comment Share on other sites More sharing options...
KIRK AND CO Posted April 16, 2013 Author Share Posted April 16, 2013 Houses where i live. south east uk. have gone up a fair amount and are selling well. (off to qld for a holiday soon) lets hope i like the place or uk i will stay. sold signs every where in my area 2 house up for sale side by side sold with in a week one i know went for asking price 3 bed ex council £245,000. Link to comment Share on other sites More sharing options...
KIRK AND CO Posted April 16, 2013 Author Share Posted April 16, 2013 this is money on google say prices up 1.9% on this time last year on average. Link to comment Share on other sites More sharing options...
Peach Posted April 17, 2013 Share Posted April 17, 2013 this is money on google say prices up 1.9% on this time last year on average. Have you given up on the idea of moving to Australia? You know this isn't SingingPig don't you? Link to comment Share on other sites More sharing options...
KIRK AND CO Posted April 17, 2013 Author Share Posted April 17, 2013 Have you given up on the idea of moving to Australia? You know this isn't SingingPig don't you?yes visa ran out but the way things are improving in uk south anyway not worried, £7000 down the drain though. Looking like the WA area I would of been going to I expect I would of been very worried I had done the right thing if I was there now. Link to comment Share on other sites More sharing options...
colinmaclec Posted April 17, 2013 Share Posted April 17, 2013 sold signs every where in my area 2 house up for sale side by side sold with in a week one i know went for asking price 3 bed ex council £245,000. So you come on here lording it up about being a property investor and you live in a council scheme? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.