Why do papers make out its sad news when the most expensive thing you'll ever buy ...

[ItsQuickerAntiClockwise]

becomes cheaper?

I don't know too many people who would bemoan the fact that a house cost them £200,000 instead of £250,000.

Yet if you read the papers we should all be crying into our cornflakes.

[The_Equalizer]

Here's hoping that there's a shed load more tears then.

[shaunbhoy]

I don't know too many people who would bemoan the fact that a house cost them £200,000 instead of £250,000.

You don't know that many people that already own their own house then? How old are you?

[ItsQuickerAntiClockwise]

You don't know that many people that already own their own house then? How old are you?

Errrr, what are you on about????

[Sysman]

You don't know that many people that already own their own house then? How old are you?

The thing is that high house prices hit them as well if they want to upgrade. Or simply move for work.

[shaunbhoy]

Errrr, what are you on about????

Something else that clearly went miles over your head peabrain!!

[CheeseSlice]

Ahh the -ve equity chestnut.

Don't worry folks. When hyper-inflation kicks in over the next 2 years - after BoE has completed flooding the market with its 'money from thin air', you'll be able to pay your mortgage off with pocket change.

Although you may then have to trade it to a baker for half of his £1,000,000 loaf of bread.

[MrMark]

Ahh the -ve equity chestnut.

Don't worry folks. When hyper-inflation kicks in over the next 2 years - after BoE has completed flooding the market with its 'money from thin air', you'll be able to pay your mortgage off with pocket change.

Although you may then have to trade it to a baker for half of his £1,000,000 loaf of bread.

Hmm the German hyper-inflation suddenly took hold about 2 years after their bank had boosted the money supply...can anyone remind us when QE started in the UK?

The Death of Paper Money by Ambrose Evans-Pritchard

[Ignis Fatuus]

becomes cheaper?

I don't know too many people who would bemoan the fact that a house cost them £200,000 instead of £250,000.

Yet if you read the papers we should all be crying into our cornflakes.

OK, here we go again:

Have saved £50k. Bought a house for £250k. Put down 20% deposit, have mortgage of £200k. House prices drop by 20%. House now worth £200k. Want to sell up and buy somewhere else? OK, sell for £200k. No problem, new house only costs £200k. Now go to Building society and say you want a mortgage for the new house. But now you have 0% deposit.

That's why. Not because of lost opportunity to profiteer. Because of lost deposit, and in some cases more.

[The_Equalizer]

OK, here we go again:

Have saved £50k. Bought a house for £250k. Put down 20% deposit, have mortgage of £200k. House prices drop by 20%. House now worth £200k. Want to sell up and buy somewhere else? OK, sell for £200k. No problem, new house only costs £200k. Now go to Building society and say you want a mortgage for the new house. But now you have 0% deposit.

That's why. Not because of lost opportunity to profiteer. Because of lost deposit, and in some cases more.

Part of the spin-the-wheel and take your chances nature of the housing market. I say tough. If the market had been made more stable then a great deal of this would have been avoided. In general the cheaper the housing the better for everyone.