Keep it dropping until they are affordable for everyone.
Don’t they normally drop in September? And they go back up around summer time
This is scary. A big part of the uk’s wealth is tied up with housing. Forget the super rich for many middle class people their house is the only wealth they have.
Good news for me. I am saving cash to buy a house–I am hoping by by Feburary to have 150k saved up. So the more it drops, the better a house I can buy–straight cash.
They’re absolutely ludicrous at the moment.
Probably drop just enough to threaten negative equity for some but not enough to make house affordable to the many, somehow, someway there will be profit in it for somebody
House price drops are not ‘pain’ – they could halve and still be overpriced.
on the one hand im disappointed that it is dropping because people who took out mortgages recently on those high prices would be livid. Mortgages are already more difficult to get so the rich have another stupid opportunity to buy up as landlords.
On the other hand, I am glad, because i am struggling to get on the housing ladder and I welcome this.
Overall, im not sure what to feel about this.
As a home owner, I welcome this.
We do need more regulations around properties for those who wish to make it a monopoly and actually make it affordable for everyone.
We all know that if you rent a place for £850+ and usually these contracts are 12m/24m/36m contracts, why can’t you get a mortgage but say a short term mortgage first.
That way the risk will be high, but if all else fails the bank repossession will take effect, if they just offered long term deals to every one at the beginning of being on the property ladder I think it will be worse off.
Luckily for me I just bought my house in July.. so typical 🤢
For years I’ve said house prices were more a function of the cost of borrowing than supply and demand.
If interest rates stay high enough for long enough I will be resting my case…
Yup, I have search alerts still running for 3+ bed houses for up to £350k in Swansea, and whilst there are a lot still coming to the market, there’s quite a lot being reduced. £10-15k is typical, with some being reduced as much as £30k.
As a renter, i hope the market does comes back down to reasonable amounts the cost of housing is actually untenable and disgusting.
Its far worse in Canada, Ive heard from a friend who lives there.
Why is house prices going down cause pain, but house prices going up also a pain? Am I
Missing something? Get them down!
There needs to be regulation that stops corporations buying up massive swathes of housing. House price drops are a nightmare for many people struggling to get by with huge mortgages, house price rises stop a lot of people even getting a house.
Buy to let mortgages need to be gone, housing shouldn’t be seen as an investment.
Any lower and more “landlords” will continue to buy those houses. During the past 2 years I’ve seen several houses sold only to have a to let sign put up several days later.
Even if they did drop 20%, that still only takes them back to 24 months ago prices
Imo you should not be allowed to buy a house to rent out using a mortgage
If you want to rent a house you should have to build it first so they have an incentive to maintain
Also corporations should be in the same boat if they want rental property in Thier portfolio then build them. Then houses on the open market can only go to private buyers and the one’s that no-one wants get knocked down and rebuilt to modern standards of insulation etc
Really hope the bubble bursts badly for all landlords
The amount of buy to let only properties massively outnumbers the properties that are willing to sell to first home buyers
Makes ya sick
Seriously the only people that seem to give a shit are land lords and people planning to sell, 90% of the adult population couldn’t give 2 shits if they have no plan to move or plan to buy.
So why the fuck is this so concerning, im looking to buy in the next 12 months, keep it fucking dropping.
19 comments
Keep it dropping until they are affordable for everyone.
Don’t they normally drop in September? And they go back up around summer time
This is scary. A big part of the uk’s wealth is tied up with housing. Forget the super rich for many middle class people their house is the only wealth they have.
Good news for me. I am saving cash to buy a house–I am hoping by by Feburary to have 150k saved up. So the more it drops, the better a house I can buy–straight cash.
They’re absolutely ludicrous at the moment.
Probably drop just enough to threaten negative equity for some but not enough to make house affordable to the many, somehow, someway there will be profit in it for somebody
House price drops are not ‘pain’ – they could halve and still be overpriced.
on the one hand im disappointed that it is dropping because people who took out mortgages recently on those high prices would be livid. Mortgages are already more difficult to get so the rich have another stupid opportunity to buy up as landlords.
On the other hand, I am glad, because i am struggling to get on the housing ladder and I welcome this.
Overall, im not sure what to feel about this.
As a home owner, I welcome this.
We do need more regulations around properties for those who wish to make it a monopoly and actually make it affordable for everyone.
We all know that if you rent a place for £850+ and usually these contracts are 12m/24m/36m contracts, why can’t you get a mortgage but say a short term mortgage first.
That way the risk will be high, but if all else fails the bank repossession will take effect, if they just offered long term deals to every one at the beginning of being on the property ladder I think it will be worse off.
Luckily for me I just bought my house in July.. so typical 🤢
For years I’ve said house prices were more a function of the cost of borrowing than supply and demand.
If interest rates stay high enough for long enough I will be resting my case…
Yup, I have search alerts still running for 3+ bed houses for up to £350k in Swansea, and whilst there are a lot still coming to the market, there’s quite a lot being reduced. £10-15k is typical, with some being reduced as much as £30k.
As a renter, i hope the market does comes back down to reasonable amounts the cost of housing is actually untenable and disgusting.
Its far worse in Canada, Ive heard from a friend who lives there.
Why is house prices going down cause pain, but house prices going up also a pain? Am I
Missing something? Get them down!
There needs to be regulation that stops corporations buying up massive swathes of housing. House price drops are a nightmare for many people struggling to get by with huge mortgages, house price rises stop a lot of people even getting a house.
Buy to let mortgages need to be gone, housing shouldn’t be seen as an investment.
Any lower and more “landlords” will continue to buy those houses. During the past 2 years I’ve seen several houses sold only to have a to let sign put up several days later.
Even if they did drop 20%, that still only takes them back to 24 months ago prices
Imo you should not be allowed to buy a house to rent out using a mortgage
If you want to rent a house you should have to build it first so they have an incentive to maintain
Also corporations should be in the same boat if they want rental property in Thier portfolio then build them. Then houses on the open market can only go to private buyers and the one’s that no-one wants get knocked down and rebuilt to modern standards of insulation etc
Really hope the bubble bursts badly for all landlords
The amount of buy to let only properties massively outnumbers the properties that are willing to sell to first home buyers
Makes ya sick
Seriously the only people that seem to give a shit are land lords and people planning to sell, 90% of the adult population couldn’t give 2 shits if they have no plan to move or plan to buy.
So why the fuck is this so concerning, im looking to buy in the next 12 months, keep it fucking dropping.