house prices in uk stabalising
 

just read this link

http://money.uk.msn.com/Mortgages/fi...mentid=2354923

about house prices and thought the other links it takes you to also might help those considering moving back

c

Re: house prices in uk stabalising
 

Sod stabalising... what I need is a good old fashioned crash. If that happens I might even be able to buy back the house I sold to get here.

Re: house prices in uk stabalising
 

i bloody hope not! i bit the bullet and bought, thinking they may keep going up! and im paying nearly double the mortgage to what i was a year and a half ago when i sold to finance the move to oz:scared:
skint enough as is it!

Re: house prices in uk stabalising
 

Hi,
They might be stabilizing but they are still OTT in price.

Re: house prices in uk stabalising
 

Crap innit...:(
I'm hoping for a crash and your hoping for the boom to continue... and both of us are doing it because we went to Oz..

Re: house prices in uk stabalising
 

oh yes, well overpriced but things going up the world over so dont think anythink will change that....
c

Re: house prices in uk stabalising
 

i know. its mad:( i pay £1,200 nearly a month for (its nice and in nice area) but only 3 bed house! couldnt afford to buy in oz as wages were so crap, so wasnt any better off there - but FFS, cant walk down my old street and see my lovely old house i was paying £700 mortgage for a mnth before we left.
Bugger!

Re: house prices in uk stabalising
 

The sad thing is that if we (presumably mostly professionals) are struggling, the poor buggers at the bottom of the food chain have no chance ...

Re: house prices in uk stabalising
 

yes, and it goes against all my principals to NOT hope for a crash because I worry about how those who cant get a decent wage and how they survive....
I will just have to win the lottery, pay off my mortgage then I wont care if it crashes and feel happier about my values again:)

Re: house prices in uk stabalising
 

Quote from the Tesco article: "because the first-time buyer borrowing 4.5 times his or her income will use over a quarter of net income in mortgage repayments"


- err, I think they mean 50% of net income, don't they? I just ran a quick check, and that's what I got, anyway.

Re: house prices in uk stabalising
 

Couldn't bear to see my old house in South Gloucs.. I know I can't afford it now unless there is a colapse in the market.. probably be moving back closer to our original home in the Manchester area.

Re: house prices in uk stabalising
 

Of course the other option is to hope for wage inflation. That way, you don't end up with negative equity, but people can afford houses ... except I'm sure inflation would be quickly followed by house price rises so there's no winning for losing ... :(

Re: house prices in uk stabalising
 

The first house i bought in 2001 we bought it for 38,000 now they are worth £140.000. mortgage payment of 240.00, wish i would of kept the thing now

Re: house prices in uk stabalising
 

Yes, I'm moving back to the same street north of Glasgow that I lived on before in 2000 (renting a former council terraced). Back then they were selling for 20,000 to 50,000. I'll be moving into one that I just had to offer 165,000 for, in order to get it ... :mad:

Re: house prices in uk stabalising
 

If your into doom and gloom or not depending on your perspective, then this is worth a look for more statistics, articles and opinions than you could poke a stick at

http://www.housepricecrash.co.uk/

Dave