Traders betting on a 36% fall in house prices

[Old Greg]

Originally Posted by _V_

Of course my house is going up in value. Always has and always will.

You are CyberCretin's Civil Partner and I claim my fiver.

[Mich the Tester]

Houses only go up in value. Really, an estate agent told me that and he should know.

[IR35 Avoider]

Originally Posted by Doggy Styles

That would be my guess too, based on bringing house prices back down to a sustainable level, which IMHO is 5% deposit plus 3.5 times the average wage of 31K.

Except _V_'s house of course, which will spiral exponentially out of control.

I calculated that means a 25% fall, assuming a remembered-from-TV-news current average house price of 153K.

[Doggy Styles]

Originally Posted by IR35 Avoider

I calculated that means a 25% fall, assuming a remembered-from-TV-news current average house price of 153K.

Is it? I was working on 170K. Blimey.

[Stan.goodvibes]

Man, I'm lovin this credit crunch. Interest rates - down. Petrol - down. Cost of pretty well everything else - down. My current rate - holding.

I have practically given up the idea of being able to afford to buy a house in the UK or europe ever again, but now lit looks like it going to be afforddable again in a year or twos time.

Fantastic

[Doggy Styles]

Originally Posted by Stan.goodvibes

Man, I'm lovin this credit crunch. Interest rates - down. Petrol - down. Cost of pretty well everything else - down. My current rate - holding.

I have practically given up the idea of being able to afford to buy a house in the UK or europe ever again, but now lit looks like it going to be afforddable again in a year or twos time.

Fantastic

Indeed.

My house is, of course, still rocketing up in value so you'll never afford that.