House prices will not crash
21 November 2006, 12:13 PM
#61
Scooby Regular
Join Date: Sep 2000
Posts: 4,460
Likes: 0
Received 0 Likes
on
0 Posts
Regardless of whether or not there will be a fall in house prices, they are so high now that there is virtually a generation who cannot - and never will - get on the housing ladder.
This generation are therefore spending all their cash on, amongst other things, boozing, rather than saving for a deposit. There has apparently been a marked increase in binge drinking, partly down to house prices.
Even if prices don't fall, there will be plenty of repossesed houses to choose from when fools, who have overextended themselves with a 7 times salary mortgage, get into difficulty. This still won't help someone on an average wage, but I'll be alright jack.
This is the attitude that pervades nowadays and will continue to maintain the have and have-nots housing imbalance. Ain't it great!
This generation are therefore spending all their cash on, amongst other things, boozing, rather than saving for a deposit. There has apparently been a marked increase in binge drinking, partly down to house prices.
Even if prices don't fall, there will be plenty of repossesed houses to choose from when fools, who have overextended themselves with a 7 times salary mortgage, get into difficulty. This still won't help someone on an average wage, but I'll be alright jack.
This is the attitude that pervades nowadays and will continue to maintain the have and have-nots housing imbalance. Ain't it great!
21 November 2006, 12:15 PM
#62
Scooby Regular
Join Date: May 2005
Location: Here, There, Everywhere
Posts: 10,619
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Ben v7
Think things may well go the way of the continent where most rent and just can't afford properties of their own. So much for Gordon's great distribution of wealth idea - the younger generations are now screwed and will be condemed to decades of renting if we don't have a big correction.
So the Government then get lumbered with HUGE bills to pay for Millions of people to live in Old Folks homes. And who'll pay for that? the young generation of Tax payers of course.
21 November 2006, 12:17 PM
#63
Scooby Regular
Join Date: Sep 2003
Location: Scoobynet
Posts: 5,387
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by stilover
So the Government then get lumbered with HUGE bills to pay for Millions of people to live in Old Folks homes. And who'll pay for that? the young generation of Tax payers of course.
21 November 2006, 12:25 PM
#64
Scooby Regular
Join Date: Dec 2005
Location: South London
Posts: 837
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Petem95
Exactly - this country is going to be in a horrendous state in 20 years time.
Troubled times ahead definately and yes the middle classes plus younger tax payers will be fleeced to prop things up - hence road charging, green tax's and all the other smoke screens for the need to raise more revenue fast!
21 November 2006, 12:29 PM
#65
Scooby Regular
Join Date: Jan 2003
Location: Staffs.
Posts: 1,273
Likes: 0
Received 0 Likes
on
0 Posts
blah blah blah blah.......
When I was looking to buy my first house 3 years ago, peopl ehere said a crash was going to happen in the next 12 months - it diddnt.
If I'd listened to the doom mongers on Scoobybnet I wouldnt have bought a house and even a poxy littl eflat would now be out of my reach.
Some people on here need to remove their heads from their own ****. Perhaps then they will use some of their "great knowledge" to make lots of money, because after all if they could predict things so perfectly most of Scoobynet's users would be millionaires.
When I was looking to buy my first house 3 years ago, peopl ehere said a crash was going to happen in the next 12 months - it diddnt.
If I'd listened to the doom mongers on Scoobybnet I wouldnt have bought a house and even a poxy littl eflat would now be out of my reach.
Some people on here need to remove their heads from their own ****. Perhaps then they will use some of their "great knowledge" to make lots of money, because after all if they could predict things so perfectly most of Scoobynet's users would be millionaires.
21 November 2006, 12:31 PM
#66
21 November 2006, 12:35 PM
#67
Scooby Regular
Join Date: Dec 2005
Location: South London
Posts: 837
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Goochie
blah blah blah blah.......
When I was looking to buy my first house 3 years ago, peopl ehere said a crash was going to happen in the next 12 months - it diddnt.
If I'd listened to the doom mongers on Scoobybnet I wouldnt have bought a house and even a poxy littl eflat would now be out of my reach.
Some people on here need to remove their heads from their own ****. Perhaps then they will use some of their "great knowledge" to make lots of money, because after all if they could predict things so perfectly most of Scoobynet's users would be millionaires.
When I was looking to buy my first house 3 years ago, peopl ehere said a crash was going to happen in the next 12 months - it diddnt.
If I'd listened to the doom mongers on Scoobybnet I wouldnt have bought a house and even a poxy littl eflat would now be out of my reach.
Some people on here need to remove their heads from their own ****. Perhaps then they will use some of their "great knowledge" to make lots of money, because after all if they could predict things so perfectly most of Scoobynet's users would be millionaires.
I do plan to buy a property and hopefully make money from it, but that means buying at the right time in the cycle - hence why I am waiting...
It's a bit like buying stocks - who knows how high it will go but it's certainly well above the trend at the moment. I wouldn't buy stocks if I could see they were at any all time peak so can't be convinced to buy a house on that basis either.
21 November 2006, 12:36 PM
#68
Scooby Regular
Join Date: Dec 2005
Location: South London
Posts: 837
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by SJ_Skyline
£18Bn government borrowing not shown as debt - that didn't take long did it? 
Tip of a very big ice berg though!
21 November 2006, 01:59 PM
#69
Scooby Regular
Join Date: May 2005
Location: Here, There, Everywhere
Posts: 10,619
Likes: 0
Received 0 Likes
on
0 Posts
“When we took over Railtrack four years ago we took on a company that had gone bust,” a spokesman said. “We have since made dramatic improvements.
21 November 2006, 03:09 PM
#71
Scooby Senior
Join Date: Mar 2003
Location: Next door to the WiFi connection
Posts: 16,293
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Ben v7
I do plan to buy a property and hopefully make money from it, but that means buying at the right time in the cycle - hence why I am waiting...
21 November 2006, 03:14 PM
#72
Scooby Regular
Join Date: May 2006
Location: I have ad blocked my rep - so dont waste your time!
Posts: 1,548
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Tripple'O G
There are plenty of options out there like flat share, move out with a mate or a girlfriend but your little speach is way off the mark.....
Luckly i'm a "high paid city worker"
Luckly i'm a "high paid city worker"
really? Well you keep your "high" paid city job while sleeping on your mates floor and i'll keep my high paid non city job and my 4 bed detached.
21 November 2006, 03:24 PM
#73
Scooby Regular
Join Date: Aug 2005
Location: Almost there....
Posts: 1,956
Likes: 0
Received 0 Likes
on
0 Posts
Don't get touchy sweetheart.....just because you've got a neat trick of talking out your rear doesn't make you right....
4 bedroom detatched house....wow.....
I'd rather get something and pay it off in one go....when prices drop...
as for sleeping on my mates floor......lol...did you think of that all by yourself?
Back on topic.....what goes up, must come down
4 bedroom detatched house....wow.....
I'd rather get something and pay it off in one go....when prices drop...
as for sleeping on my mates floor......lol...did you think of that all by yourself?
Back on topic.....what goes up, must come down
21 November 2006, 03:36 PM
#75
Scooby Regular
Join Date: Aug 2005
Location: Almost there....
Posts: 1,956
Likes: 0
Received 0 Likes
on
0 Posts
who rattled your cage?
I meant in untouched wives needing some loving affection....
The go up....and down....up....and down.....
up down up down up down...
I meant in untouched wives needing some loving affection....
The go up....and down....up....and down.....
up down up down up down...
21 November 2006, 03:38 PM
#77
Scooby Senior
Join Date: Mar 2003
Location: Next door to the WiFi connection
Posts: 16,293
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Tripple'O G
who rattled your cage?
I meant in untouched wives needing a loving touch.....
The go up....and down....up....and down.....
up down up down up down...
I meant in untouched wives needing a loving touch.....
The go up....and down....up....and down.....
up down up down up down...
(please take it light heartedly, I dont want negative feedback 
)
21 November 2006, 04:44 PM
#80
Scooby Regular
Join Date: May 2006
Location: I have ad blocked my rep - so dont waste your time!
Posts: 1,548
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Tripple'O G
I'd rather get something and pay it off in one go....when prices drop...
:
:
its your mates floor for you i'm affraid.
21 November 2006, 05:49 PM
#81
Scooby Regular
Join Date: Aug 2001
Location: Warrington
Posts: 4,554
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Ben v7
... and do agree we may just go the way of the continent and all have to rent.
How will they afford it if property prices are so high? When they retire from being a landlord how will they sell their overpriced property? Who to?If rents are high then tenants may as well pay a mortgage. If rents are low then landlords won't be able to afford to run the property. There is a balance which is currently weighted towards ownership because at the end you have something to show for your money.
21 November 2006, 06:32 PM
#82
Scooby Regular
iTrader: (22)
Join Date: May 2006
Location: Doncaster, S. Yorks.
Posts: 21,415
Received 0 Likes
on
0 Posts
Originally Posted by speedking
Somebody has to own the houses that others rent How will they afford it if property prices are so high? When they retire from being a landlord how will they sell their overpriced property? Who to?
If rents are high then tenants may as well pay a mortgage. If rents are low then landlords won't be able to afford to run the property. There is a balance which is currently weighted towards ownership because at the end you have something to show for your money.
How will they afford it if property prices are so high? When they retire from being a landlord how will they sell their overpriced property? Who to?If rents are high then tenants may as well pay a mortgage. If rents are low then landlords won't be able to afford to run the property. There is a balance which is currently weighted towards ownership because at the end you have something to show for your money.
andy
21 November 2006, 07:00 PM
#83
Scooby Regular
Join Date: Dec 2005
Location: South London
Posts: 837
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by speedking
Somebody has to own the houses that others rent How will they afford it if property prices are so high? When they retire from being a landlord how will they sell their overpriced property? Who to?
If rents are high then tenants may as well pay a mortgage. If rents are low then landlords won't be able to afford to run the property. There is a balance which is currently weighted towards ownership because at the end you have something to show for your money.
How will they afford it if property prices are so high? When they retire from being a landlord how will they sell their overpriced property? Who to?If rents are high then tenants may as well pay a mortgage. If rents are low then landlords won't be able to afford to run the property. There is a balance which is currently weighted towards ownership because at the end you have something to show for your money.
I agree that atleast with buying a property you do have something to show for your money, but I just view my rent as a cost of living - as the alternative of buying my own home simply isn't feasible. Factor in the money that goes purely on repaying interest to the bank on your mortage also. It's very substantial over the 25 year period.
21 November 2006, 07:36 PM
#84
Scooby Regular
Join Date: May 2005
Location: Here, There, Everywhere
Posts: 10,619
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by chocolate_o_brian
and something to leave my kids when i have a family...
andy
andy
21 November 2006, 08:56 PM
#87
Owner of SNet
iTrader: (7)
Join Date: Oct 2003
Location: Berkshire
Posts: 11,513
Likes: 0
Received 0 Likes
on
0 Posts
Wait too long fella & you'll never afford it! Average house price today is £168k ish, by 2017 it's estimated to be £600k ... what will you do then if you're still waiting for the crash?
TX.
TX.
Originally Posted by Ben v7
Yes but the longer before a correction the bigger it is - I can't honestly say when it will happen, and do agree we may just go the way of the continent and all have to rent.
I do plan to buy a property and hopefully make money from it, but that means buying at the right time in the cycle - hence why I am waiting...
It's a bit like buying stocks - who knows how high it will go but it's certainly well above the trend at the moment. I wouldn't buy stocks if I could see they were at any all time peak so can't be convinced to buy a house on that basis either.
I do plan to buy a property and hopefully make money from it, but that means buying at the right time in the cycle - hence why I am waiting...
It's a bit like buying stocks - who knows how high it will go but it's certainly well above the trend at the moment. I wouldn't buy stocks if I could see they were at any all time peak so can't be convinced to buy a house on that basis either.
22 November 2006, 07:01 AM
#88
Scooby Regular
Join Date: Aug 2005
Location: Almost there....
Posts: 1,956
Likes: 0
Received 0 Likes
on
0 Posts
Snug Rhino....
These are only views....and like I say, in a few years time i'll be in a much better position to buy....do you have a crystal ball??.... no-matter what the situation.....stop getting sooooo touchy
As for sleeping on my mates floor....touchy.....
"personal insults will not be tolerated...."
These are only views....and like I say, in a few years time i'll be in a much better position to buy....do you have a crystal ball??.... no-matter what the situation.....stop getting sooooo touchy
As for sleeping on my mates floor....touchy.....
"personal insults will not be tolerated...."
Last edited by Tripple'O G; 22 November 2006 at 08:01 AM.
22 November 2006, 07:52 AM
#90
Scooby Regular
Join Date: Aug 2005
Location: Almost there....
Posts: 1,956
Likes: 0
Received 0 Likes
on
0 Posts
Ha ha ha
Your back! and still following me around....
Still touchy and not coming out with anything new I see.....
Whats wrong sweetheart? did I hit a raw nerve about kicking your mum's back doors in?
On this note Toprid doesn't know me.....he lives far away and resides behind the safety of his pc....
It's all wishiful thinking on his part......
Your back! and still following me around....
Still touchy and not coming out with anything new I see.....
Whats wrong sweetheart? did I hit a raw nerve about kicking your mum's back doors in?
On this note Toprid doesn't know me.....he lives far away and resides behind the safety of his pc....
It's all wishiful thinking on his part......
Last edited by Tripple'O G; 22 November 2006 at 07:55 AM.