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House price porn
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House price porn
UK looks cheap. Property can only go up. Supply and demand. yield, Green belt, an island, Immigration, Pensions. iPad generation have it easy.
Might as well close the tread.Last edited by PurpleGorilla; 8 December 2014, 18:48. -
Originally posted by PurpleGorilla View PostUK looks cheap. Property can only go up. Supply and demand. yield, Green belt, an island, Immigration, Pensions. iPad generation have it easy.
Might as well close the tread.
Though the top of the UK house market has been called regularly since 2004. I thought in might be coming in last few years - but now with help to buy" I have to agree with you.Comment
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House price porn
Question is, where are we on this cycle? Honestly, I don't know. But the state of the global economy does not bode well for future prices IMHO (no more feeding the bottom of the pyramid).Last edited by PurpleGorilla; 9 December 2014, 09:26.Comment
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It will be fine until interest rates go up. Not quite the same as a stock market crash though where everything just gets dumped in a day.I'm alright JackComment
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I used to think that rising property prices was a good thing. Great, it will double every 10 years.
Then you realise you're on a merry go round of feeding the beast with increased mortgages, stamp duty, fees, etc, etc. Bad enough but then you consider how it must be for young people. Pretty much ZERO chance of owning their own home. No wonder the country is in such a state, no wonder the young are disillusioned.
Then you get those that say "who cares"? Only problem is they'll be stuck with homing their offspring that can't afford to move out. Ha ha.
In many respects I wish we return back to sensible lending criteria like we had before all the cheap and easily available credit madness of the past 2 - 3 decades. Imagine the restriction of 3 times salary, having to bank with the same building society for years even to be considered for a mortgage. Kept a lid on mortgage availability and realistic property prices.Comment
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Originally posted by oliverson View PostI used to think that rising property prices was a good thing. Great, it will double every 10 years.
Then you realise you're on a merry go round of feeding the beast with increased mortgages, stamp duty, fees, etc, etc. Bad enough but then you consider how it must be for young people. Pretty much ZERO chance of owning their own home. No wonder the country is in such a state, no wonder the young are disillusioned.
Then you get those that say "who cares"? Only problem is they'll be stuck with homing their offspring that can't afford to move out. Ha ha.
In many respects I wish we return back to sensible lending criteria like we had before all the cheap and easily available credit madness of the past 2 - 3 decades. Imagine the restriction of 3 times salary, having to bank with the same building society for years even to be considered for a mortgage. Kept a lid on mortgage availability and realistic property prices.Comment
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Can one buy shares in some sort of HPI tracker, like one can in a FTSE tracker? e.g. is there some company who owns thousands and thousands of properties and you can buy shares in that portfolio? Buying a single house as an investment not only needs a large amount of money, but you only have one house. From an investment perspective that would be considered risky in any other market - only owning shares in one company, etc.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by oliverson View PostI used to think that rising property prices was a good thing. Great, it will double every 10 years.
Then you realise you're on a merry go round of feeding the beast with increased mortgages, stamp duty, fees, etc, etc. Bad enough but then you consider how it must be for young people. Pretty much ZERO chance of owning their own home. No wonder the country is in such a state, no wonder the young are disillusioned.
Then you get those that say "who cares"? Only problem is they'll be stuck with homing their offspring that can't afford to move out. Ha ha.
In many respects I wish we return back to sensible lending criteria like we had before all the cheap and easily available credit madness of the past 2 - 3 decades. Imagine the restriction of 3 times salary, having to bank with the same building society for years even to be considered for a mortgage. Kept a lid on mortgage availability and realistic property prices.
The new developments don't have to be in the green belt, there is plenty of land even inside M25 that isn't "green", just look at some satellite imagery.
But the government isn't doing anything about it because they profit from both the increase of tax and the inflated economic figures caused by the house price hike.Comment
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Originally posted by sal View PostThe whole circle is further fueled by greedy Real estate agencies that are now days trying to prioritize the sales to investors instead of people who want to live in that home, because they make double profit - first time from the sale commission and then from the property management fees. ...Work in the public sector? Read the IR35 FAQ hereComment
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