Delusional individuals raised their asking prices, this doesn’t mean sold prices are rising too!
Prices have fallen for 4 consecutive months, an increased asking price changes absolutely nothing.
Does the help to buy scheme actually work? Has anyone on here done it? I’m 38 yrs old, don’t own a home and I’m freaking the fuck out that I’ll never own a home and will work until death!
Worried about the economy? Don’t worry, houses just became more expensive.
Inflation is bad, except when it is house price inflation, even though the latter is buggering the country up more surely than goods inflation.
That 2% drop that was reported might as well have not happened then, not if it is going to disappear by spring. Even if house prices stay relatively stagnant, they are still far too expensive for most people and we need a controlled comedown of prices if we want to avoid a major crisis when people currently in their thirties and forties approach retirement without owning a property. It won’t be pretty when we have generations of renters unable to retire as they have no means to pay rent in their seventies.
“I’m waiting for the house market to crash so I can buy, with a mortgage apparently”
Bought my house in 2020, have been on a repayment mortgage for nearly 3 years now and have £70k equity along with a healthy payrise since then. Ran the numbers through my banks affordability calculator and I could not buy this house today even with a £70k deposit lol. Basically if I had to remortgage today, I’d need to supply additional deposit monies for it to meet their affordability criteria.
7 comments
Misleading as hell.
Delusional individuals raised their asking prices, this doesn’t mean sold prices are rising too!
Prices have fallen for 4 consecutive months, an increased asking price changes absolutely nothing.
Does the help to buy scheme actually work? Has anyone on here done it? I’m 38 yrs old, don’t own a home and I’m freaking the fuck out that I’ll never own a home and will work until death!
Worried about the economy? Don’t worry, houses just became more expensive.
Inflation is bad, except when it is house price inflation, even though the latter is buggering the country up more surely than goods inflation.
That 2% drop that was reported might as well have not happened then, not if it is going to disappear by spring. Even if house prices stay relatively stagnant, they are still far too expensive for most people and we need a controlled comedown of prices if we want to avoid a major crisis when people currently in their thirties and forties approach retirement without owning a property. It won’t be pretty when we have generations of renters unable to retire as they have no means to pay rent in their seventies.
“I’m waiting for the house market to crash so I can buy, with a mortgage apparently”
Bought my house in 2020, have been on a repayment mortgage for nearly 3 years now and have £70k equity along with a healthy payrise since then. Ran the numbers through my banks affordability calculator and I could not buy this house today even with a £70k deposit lol. Basically if I had to remortgage today, I’d need to supply additional deposit monies for it to meet their affordability criteria.