House Price conspiracy
06 November 2006, 03:56 PM
#31
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Originally Posted by Rannoch
.
And you think houses are not affordable at present
Supply is short not because of government conspiracy as much as you would like to think - it is because I, and people like me, don't want estates of Scooby owning chavs springing up next to or in my back garden!
Rannoch
And you think houses are not affordable at present
Supply is short not because of government conspiracy as much as you would like to think - it is because I, and people like me, don't want estates of Scooby owning chavs springing up next to or in my back garden!
Rannoch
06 November 2006, 03:59 PM
#32
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You'll be suprised who owns all these empty fields you know, we're only a small town with something like a 60k population surrounded by fields, theyre all owned by the likes of Henry Boot etc... They all buy their time and build when it suits them.
06 November 2006, 04:04 PM
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1. Your post is very badly written. Pay more attention to your grammar, spelling and punctuation and people would take your arguments more seriously. You come across as being one of the chavs you don't want to live near!
2. Most of the vacant land is well away from population centres so your argument is wrong. It's simple supply and demand, no conspiracy involved.
2. Most of the vacant land is well away from population centres so your argument is wrong. It's simple supply and demand, no conspiracy involved.
06 November 2006, 04:17 PM
#34
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Originally Posted by Gordo
1. Your post is very badly written. Pay more attention to your grammar, spelling and punctuation and people would take your arguments more seriously. You come across as being one of the chavs you don't want to live near!
2. Most of the vacant land is well away from population centres so your argument is wrong. It's simple supply and demand, no conspiracy involved.
2. Most of the vacant land is well away from population centres so your argument is wrong. It's simple supply and demand, no conspiracy involved.
06 November 2006, 04:19 PM
#35
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Originally Posted by Gordo
1. Your post is very badly written. Pay more attention to your grammar, spelling and punctuation and people would take your arguments more seriously. You come across as being one of the chavs you don't want to live near!
2. Most of the vacant land is well away from population centres so your argument is wrong. It's simple supply and demand, no conspiracy involved.
2. Most of the vacant land is well away from population centres so your argument is wrong. It's simple supply and demand, no conspiracy involved.
06 November 2006, 04:21 PM
#36
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I would say his post was for the thread starter.
His punctuation didnt bother me, ive read far worse drivel here on scoobynet
I think you should stop being so snobby and get your head out of your ****.
What gives you the right to call someone a ''chav'' because you think his punctuation is all wrong
His punctuation didnt bother me, ive read far worse drivel here on scoobynet
I think you should stop being so snobby and get your head out of your ****.
What gives you the right to call someone a ''chav'' because you think his punctuation is all wrong
06 November 2006, 05:23 PM
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My post was aimed at Goldman the thread starter - sorry if I offended you Dave, wasn't aimed at you.
What gives me the right to infer he's a chav from his poorly written ****e? Why not?
Goldman comes across as a snob as he doesn't want to live near chavs, but writes inarticulate disjointed sentences to put his case forward. That gives me the right to not want to live near Goldchav, errr, I mean Goldman
What gives me the right to infer he's a chav from his poorly written ****e? Why not?
Goldman comes across as a snob as he doesn't want to live near chavs, but writes inarticulate disjointed sentences to put his case forward. That gives me the right to not want to live near Goldchav, errr, I mean Goldman
06 November 2006, 05:42 PM
#38
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Originally Posted by Gordo
Goldman comes across as a snob as he doesn't want to live near chavs
06 November 2006, 05:59 PM
#39
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Where do you get that fella? On Tinternet it's easy to get this:
5.30% Fixed until 31 December 2008
5.45% Fixed until 31 December 2009
5.40% Fixed until 31 December 2011
If the fixed rates are bouncing around 5.0 to 5.5% until 2011, chances are that the interest rate will do this also?
TX.
5.30% Fixed until 31 December 2008
5.45% Fixed until 31 December 2009
5.40% Fixed until 31 December 2011
If the fixed rates are bouncing around 5.0 to 5.5% until 2011, chances are that the interest rate will do this also?
TX.
Originally Posted by Petem95
Interest rates? Will be up to 5% next week, and likely to be 6% by the end next year.
06 November 2006, 06:06 PM
#40
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Here's the trend since 1995, can't see why it can't continue. House prices always rise in the long term ...
UK PROPERTY PRICES UK: PROVISER HOUSE PRICES
TX.
UK PROPERTY PRICES UK: PROVISER HOUSE PRICES
TX.
Originally Posted by hades
There was a "big crash" in the late 80s or early 90s or somewhere aroudn there From my recollection (numbers are rough/illustrative rather than accurate!), my parents bought a place in around 1985 for around 70k. At the start of the crash (3 years later? maybe 6! I don't remember that well!), it was worth perhaps 170k. It then "crashed" to perhaps £125k over a couple of years. By mid-late 90s, it was back up higher than it had been before the crash. Now, it's worth perhaps £300k.
06 November 2006, 06:08 PM
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Sorry Gordo everything is okay then... my mistake there is nothing wrong with the state of house prices in the UK
Who affiliated Scoobynet with the Oxford Grammatical Society.......
Who affiliated Scoobynet with the Oxford Grammatical Society.......
Last edited by GOLDMAN 555; 06 November 2006 at 06:48 PM.
06 November 2006, 06:13 PM
#43
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Don't think so, 25 year fixed rate here is 5.97%.
25 Year Fixed Rate Mortgage Online
TX.
25 Year Fixed Rate Mortgage Online
TX.
Originally Posted by GOLDMAN 555
Interest rates are still historically low and if you put the interest rate up to 10% which will happen in the next 25 years your interest payment is going to be bigger than your wages forget all the other costs.
06 November 2006, 06:17 PM
#44
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Rannoch.
You can't seriously think that rates could hit 17% ever again? I'll bet a £1 with you that we won't see it in our lifetime
TX.
You can't seriously think that rates could hit 17% ever again? I'll bet a £1 with you that we won't see it in our lifetime
TX.
Originally Posted by Rannoch
Anyway the long and short of that point was interest rates hitting 17%.
And you think houses are not affordable at present
And you think houses are not affordable at present
06 November 2006, 06:20 PM
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Originally Posted by Terminator X
Where do you get that fella? On Tinternet it's easy to get this:
5.30% Fixed until 31 December 2008
5.45% Fixed until 31 December 2009
5.40% Fixed until 31 December 2011
If the fixed rates are bouncing around 5.0 to 5.5% until 2011, chances are that the interest rate will do this also?
TX.
5.30% Fixed until 31 December 2008
5.45% Fixed until 31 December 2009
5.40% Fixed until 31 December 2011
If the fixed rates are bouncing around 5.0 to 5.5% until 2011, chances are that the interest rate will do this also?
TX.
What surprises me at the end of the day though is why people think its so great house prices are so high.
Ok on paper you might be "worth" more, so can borrow against your house and brag to people at work how much your house is worth, but on the negative side it means if you want to trade-up you need to find more money, you'll lose more in stamp duty, EA's fees when you sell/buy and you'll give a big slice to the government when you die.
It also means young couples arent having kids as they cant afford to buy a house which will give them stability, or they have bought and hence cant afford kids. Result? Immigrants flooding in and chav families on the dole are a replacement for the professional-couple kids which arent being born now.
Is that a good thing long term?
06 November 2006, 06:24 PM
#46
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Originally Posted by Terminator X
For some reason 25 year fixed rates aren't very common in this country
Last edited by GOLDMAN 555; 06 November 2006 at 06:28 PM.
06 November 2006, 06:25 PM
#47
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Originally Posted by Gordo
There, there - run along and get your mummy to dry your eyes.
Perhaps one day you'll be grown up enough to own your own house
Perhaps one day you'll be grown up enough to own your own house
06 November 2006, 06:25 PM
#48
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House prices will always increase though, you only have to look at my earlier post to see that? None of us can stop the inevitable (spell?) can we? I remember my Dad telling me that he could have bought his 3 bed semi back in 1972 for £6k ... what's such a house worth today in the South East? £200-220k? Big rise in 34 years (wow, I'm old!).
TX.
TX.
Originally Posted by Petem95
Well you can also get fixed rate savings of at least 5.80% (Coventry BS), suggesting they expect rates to increase.
What surprises me at the end of the day though is why people think its so great house prices are so high.
Ok on paper you might be "worth" more, so can borrow against your house and brag to people at work how much your house is worth, but on the negative side it means if you want to trade-up you need to find more money, you'll lose more in stamp duty, EA's fees when you sell/buy and you'll give a big slice to the government when you die.
It also means young couples arent having kids as they cant afford to buy a house which will give them stability, or they have bought and hence cant afford kids. Result? Immigrants flooding in and chav families on the dole are a replacement for the professional-couple kids which arent being born now.
Is that a good thing long term?
What surprises me at the end of the day though is why people think its so great house prices are so high.
Ok on paper you might be "worth" more, so can borrow against your house and brag to people at work how much your house is worth, but on the negative side it means if you want to trade-up you need to find more money, you'll lose more in stamp duty, EA's fees when you sell/buy and you'll give a big slice to the government when you die.
It also means young couples arent having kids as they cant afford to buy a house which will give them stability, or they have bought and hence cant afford kids. Result? Immigrants flooding in and chav families on the dole are a replacement for the professional-couple kids which arent being born now.
Is that a good thing long term?
06 November 2006, 06:27 PM
#49
Originally Posted by Petem95
What surprises me at the end of the day though is why people think its so great house prices are so high.
06 November 2006, 06:27 PM
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Here you go, starter houses will cost £1m in under 20 years time ...
Million pound starter home by 2024 - Yahoo! News UK
Average UK wage currently is £28k per year. They reckon national average in 20 years time is going to be £146k lol
Yeah right, that would be an increase of nearly £6000 per year for the next 20 years
We wish
...Million pound starter home by 2024 - Yahoo! News UK
Average UK wage currently is £28k per year. They reckon national average in 20 years time is going to be £146k lol
Yeah right, that would be an increase of nearly £6000 per year for the next 20 years
We wish
Last edited by Mitchy260; 06 November 2006 at 06:30 PM.
06 November 2006, 06:31 PM
#51
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I recall reading somewhere that the Govt would like us all to do this as it would create a somewhat stabler house price environment ie less chance of interest rate movement causing chaos ... if indeed it moves significantly
TX.
TX.
Originally Posted by GOLDMAN 555
Good point but how may people do you know with a 25 year fixed rate mortgage?
For some reason 25 year fixed rates aren't very common in this country
For some reason 25 year fixed rates aren't very common in this country
06 November 2006, 06:36 PM
#52
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You might be surprised at the effects of inflation over the years ... cars cost £600 ish back in the early 70's & now the average saloon must be £20k? That's a rise of 3300% (excuse the maths if it's not quite right, you get the point though)! If you'd mentioned that a car would cost £20k in 2006 whilst back in the 70's no doubt they would have scoffed as well.
This applies to mostly everything, doesn't it?
TX.
This applies to mostly everything, doesn't it?
TX.
Originally Posted by Mitchy260
Here you go, starter houses will cost £1m in under 20 years time ...
Million pound starter home by 2024 - Yahoo! News UK
Average UK wage currently is £28k per year. They reckon national average in 20 years time is going to be £146k lol
Yeah right, that would be an increase of nearly £6000 per year for the next 20 years
We wish
...Million pound starter home by 2024 - Yahoo! News UK
Average UK wage currently is £28k per year. They reckon national average in 20 years time is going to be £146k lol
Yeah right, that would be an increase of nearly £6000 per year for the next 20 years
We wish
06 November 2006, 06:44 PM
#53
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I think the best metric is percentage of your take-home wages i.e. a £250,000 mortgage is going to be a fair chunk of interest(50%) from your £50,000 a year salary.
Interest rates may not go to 17% in the foreseeable future but 10% is definitely a possibility.
Does anyone like my new car:
Interest rates may not go to 17% in the foreseeable future but 10% is definitely a possibility.
Does anyone like my new car:
06 November 2006, 06:50 PM
#54
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I just can't see it as the UK would be in meltdown long before it reached 10% ...
TX.
TX.
Originally Posted by GOLDMAN 555
Interest rates may not go to 17% in the foreseeable future but 10% is definitely a possibility.
06 November 2006, 08:32 PM
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Originally Posted by GOLDMAN 555
Understand your point however the percentage of your wages allocated to the mortgage...... or more to my point the interest payment alone has gone up dramatically.
06 November 2006, 08:35 PM
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Originally Posted by Terminator X
I just can't see it as the UK would be in meltdown long before it reached 10% ...
TX.
TX.
07 November 2006, 12:17 AM
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Originally Posted by Mitchy260
Average UK wage currently is £28k per year. They reckon national average in 20 years time is going to be £146k lol
Yeah right, that would be an increase of nearly £6000 per year for the next 20 years
We wish
Yeah right, that would be an increase of nearly £6000 per year for the next 20 years
We wish
07 November 2006, 09:17 AM
#58
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Well,the experts didn't forsee the stock markets last crash.The experts didn't forsee the last housing market crash.
Experts are as good as weathermen.
I'm sure we will continue with a perfect economy for the next umpteen years
Experts are as good as weathermen.
I'm sure we will continue with a perfect economy for the next umpteen years
07 November 2006, 11:25 AM
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[quote=hades]Simple answer, don't buy houses. Previous generations didn't own their own houses often, they rented - apart from the very rich. quote]
That may have worked when people rented from the council, and got reductions in rent when they retired etc. However, there aren't as many council houses nowadays, and whats your landlord going to say when you ring him up on your 65th birthday and say "I'm a pensioner now, on £85 per week, so can i have my £800 per month rent reduced please?"
That may have worked when people rented from the council, and got reductions in rent when they retired etc. However, there aren't as many council houses nowadays, and whats your landlord going to say when you ring him up on your 65th birthday and say "I'm a pensioner now, on £85 per week, so can i have my £800 per month rent reduced please?"
07 November 2006, 06:22 PM
#60
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He's probably going to say "if you're on £85/week, didn't take out any private pension provision or other savings/investment, and live on your own, you clearly need to live in a much smaller house now". 
I wasn't about 100 years ago, but I suspect council houses weren't before then either, how did people cope back then? They lived with the family in one house. My point there is that people's expectations of what constitutes a "must have" as part of "a basic standard of living" have changed
I wasn't about 100 years ago, but I suspect council houses weren't before then either, how did people cope back then? They lived with the family in one house. My point there is that people's expectations of what constitutes a "must have" as part of "a basic standard of living" have changed