House Prices Falling
29 October 2007, 02:04 PM
#1
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House Prices Falling
This is it .............. I've been telling you for 3 years and its here, now!!
Don't say you didn't have enough warning from me
Don't say you didn't have enough warning from me
29 October 2007, 02:17 PM
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Pete, youve been telling us alot longer than 3 years.... Any links to your breaking news? 
Thought not.
Yeah you can buy the same place for less (or so it would seem) Still fork out alot more on interest rates.
It'll cost you a fortune whatever way the housing market goes.
Thought not.It'll cost you a fortune whatever way the housing market goes.
29 October 2007, 02:18 PM
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0.1% so it isn't time to get worried yet 
, BTW the last time house prices fell was about 2 years ago so if you've been telling us for 3 years it looks like you missed telling us "I told you so" a while back .
, BTW the last time house prices fell was about 2 years ago so if you've been telling us for 3 years it looks like you missed telling us "I told you so" a while back .
29 October 2007, 02:18 PM
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i need about 10-15% drop to get a place in a part of town where you can actually own nice stuff without it getting nicked/vandalised! no chance of parking a scoob in some places!
29 October 2007, 02:19 PM
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According to the Scoobynet Database, House prices will always rise. Always I tell you. 
According to the Scoobynet Database, all those who say house prices will always rise, have just signed up to a HUGE mortgage and never go out because the work just to pay their motgage payments.
I really hope they keep on falling. Yes my property will be worth less, but that Penthouse Appartment I have my eye on will fall faster than mine.
According to the Scoobynet Database, all those who say house prices will always rise, have just signed up to a HUGE mortgage and never go out because the work just to pay their motgage payments.
I really hope they keep on falling. Yes my property will be worth less, but that Penthouse Appartment I have my eye on will fall faster than mine.
Last edited by stilover; 29 October 2007 at 02:25 PM.
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29 October 2007, 02:20 PM
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0.1 % is nothing compared to the increases seen over the past 10 years.
Besides, people that have fixed rate mortgages are safe. Also, first time buyers have been replaced with 'buy to let' companies.
Interest rates have gone up every quarter over the last 9 months. You have to expect a slight drop, or whats the point?
Besides, people that have fixed rate mortgages are safe. Also, first time buyers have been replaced with 'buy to let' companies.
Interest rates have gone up every quarter over the last 9 months. You have to expect a slight drop, or whats the point?
29 October 2007, 02:27 PM
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https://www.scoobynet.com/non-scooby...ml#post1131947
5 and a half years ago he started with his noncence
5 and a half years ago he started with his noncence
29 October 2007, 02:36 PM
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https://www.scoobynet.com/non-scooby...ml#post1131947
5 and a half years ago he started with his noncence
5 and a half years ago he started with his noncence
And, it seems, I have been warning everyone for 5 years - I'm even cleverer than I thought I was
Point of this small drop - 0.1% - is sentiment and confidence ..... once confidence drops, and it has, it is a trend which will gather pace.
That 0.1% will become 0.5% will become 1.5% will become 3% will become 6% will become 15% will become 30% ....... until a point is reached where buyers step back into the market.
Last edited by pslewis; 29 October 2007 at 02:39 PM.
29 October 2007, 02:41 PM
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They will fall as less and less mortgages are applied for because lenders want proper deposits.
No longer can you get a £200,000 house with a £10,000 deposit.
This has a knock on effect up the "ladder."
Currently feeling pleased that we stuck to renting and saving. Not smug, just a little more comfortable.
Makes a change from thinking "**** **** ****, we should have bought ages ago."
No longer can you get a £200,000 house with a £10,000 deposit.
This has a knock on effect up the "ladder."
Currently feeling pleased that we stuck to renting and saving. Not smug, just a little more comfortable.
Makes a change from thinking "**** **** ****, we should have bought ages ago."
29 October 2007, 02:47 PM
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Interestingly our house was new 2 years ago, had a look on right move the other day and they are selling for about 2 - 5k LESS than what we paid 2 years ago...
We were not the last to move in either and I think some people paid about 10k more than us...
We were not the last to move in either and I think some people paid about 10k more than us...
29 October 2007, 02:48 PM
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Age is a big factor 7 years ago i was in a fiesta si, ******** girls in the back on macdonalds car park, didnt want to know about buying a house! (i was 18)
29 October 2007, 02:49 PM
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As long as you're happy in your house, aren't mortgaged up to the hilt and don't view the only important thing in life to be house price rises, you're fine.
If you're renting, saving a bit and not killing yourself on bill payments, you're also fine.
If you're renting, saving a bit and not killing yourself on bill payments, you're also fine.
29 October 2007, 02:58 PM
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My advice is buy a house asap
29 October 2007, 03:02 PM
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29 October 2007, 03:05 PM
#29
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29 October 2007, 03:06 PM
#30
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They will fall as less and less mortgages are applied for because lenders want proper deposits.
No longer can you get a £200,000 house with a £10,000 deposit.
This has a knock on effect up the "ladder."
Currently feeling pleased that we stuck to renting and saving. Not smug, just a little more comfortable.
Makes a change from thinking "**** **** ****, we should have bought ages ago."
No longer can you get a £200,000 house with a £10,000 deposit.
This has a knock on effect up the "ladder."
Currently feeling pleased that we stuck to renting and saving. Not smug, just a little more comfortable.
Makes a change from thinking "**** **** ****, we should have bought ages ago."
I'm just remortgaging a flat at the moment. Good deals are their to be had without looking too hard.
RBS has just dropped a 2 year fixed rate buy 0.14%. 100% mortgages are still widely available.
The Scottish market is still in a period of price increase.