House price porn

[DimPrawn]

Price per Square Meter Europe | European Cost per Square Meter
Income to House Price Ratio in Europe | European House Price Income Ratio
Price to Rent Ratio in Europe | European House Price Rent Ratio

Boomed!

[PurpleGorilla]

House price porn

UK looks cheap. Property can only go up. Supply and demand. yield, Green belt, an island, Immigration, Pensions. iPad generation have it easy.

Might as well close the tread.

[BrilloPad]

UK looks cheap. Property can only go up. Supply and demand. yield, Green belt, an island, Immigration, Pensions. iPad generation have it easy.

Might as well close the tread.

They said that in Japan 25 years ago.

Though the top of the UK house market has been called regularly since 2004. I thought in might be coming in last few years - but now with help to buy" I have to agree with you.

[PurpleGorilla]

House price porn




Question is, where are we on this cycle? Honestly, I don't know. But the state of the global economy does not bode well for future prices IMHO (no more feeding the bottom of the pyramid).

[BlasterBates]

It will be fine until interest rates go up. Not quite the same as a stock market crash though where everything just gets dumped in a day.

[oliverson]

I used to think that rising property prices was a good thing. Great, it will double every 10 years.

Then you realise you're on a merry go round of feeding the beast with increased mortgages, stamp duty, fees, etc, etc. Bad enough but then you consider how it must be for young people. Pretty much ZERO chance of owning their own home. No wonder the country is in such a state, no wonder the young are disillusioned.

Then you get those that say "who cares"? Only problem is they'll be stuck with homing their offspring that can't afford to move out. Ha ha.

In many respects I wish we return back to sensible lending criteria like we had before all the cheap and easily available credit madness of the past 2 - 3 decades. Imagine the restriction of 3 times salary, having to bank with the same building society for years even to be considered for a mortgage. Kept a lid on mortgage availability and realistic property prices.

[PurpleGorilla]

I used to think that rising property prices was a good thing. Great, it will double every 10 years.

Then you realise you're on a merry go round of feeding the beast with increased mortgages, stamp duty, fees, etc, etc. Bad enough but then you consider how it must be for young people. Pretty much ZERO chance of owning their own home. No wonder the country is in such a state, no wonder the young are disillusioned.

Then you get those that say "who cares"? Only problem is they'll be stuck with homing their offspring that can't afford to move out. Ha ha.

In many respects I wish we return back to sensible lending criteria like we had before all the cheap and easily available credit madness of the past 2 - 3 decades. Imagine the restriction of 3 times salary, having to bank with the same building society for years even to be considered for a mortgage. Kept a lid on mortgage availability and realistic property prices.

If there was less money spent on servicing housing debt; there would be more disposable income, maybe cut benefits a bit to balance it up and help reduce gov debt. But this is a pipe dream, the UK gov business model has high prices as an essential. Hence all the HTB tulip.

[d000hg]

Can one buy shares in some sort of HPI tracker, like one can in a FTSE tracker? e.g. is there some company who owns thousands and thousands of properties and you can buy shares in that portfolio? Buying a single house as an investment not only needs a large amount of money, but you only have one house. From an investment perspective that would be considered risky in any other market - only owning shares in one company, etc.

[sal]

I used to think that rising property prices was a good thing. Great, it will double every 10 years.

Then you realise you're on a merry go round of feeding the beast with increased mortgages, stamp duty, fees, etc, etc. Bad enough but then you consider how it must be for young people. Pretty much ZERO chance of owning their own home. No wonder the country is in such a state, no wonder the young are disillusioned.

Then you get those that say "who cares"? Only problem is they'll be stuck with homing their offspring that can't afford to move out. Ha ha.

In many respects I wish we return back to sensible lending criteria like we had before all the cheap and easily available credit madness of the past 2 - 3 decades. Imagine the restriction of 3 times salary, having to bank with the same building society for years even to be considered for a mortgage. Kept a lid on mortgage availability and realistic property prices.

Killing the HTB and reducing the ability of locals to afford homes won't help. A large portion of the demand is generated by foreign investors, attracted by the ever rising prices offering high returns coupled with comparably low risk of residential property investment. The whole circle is further fueled by greedy Real estate agencies that are now days trying to prioritize the sales to investors instead of people who want to live in that home, because they make double profit - first time from the sale commission and then from the property management fees.

The new developments don't have to be in the green belt, there is plenty of land even inside M25 that isn't "green", just look at some satellite imagery.

But the government isn't doing anything about it because they profit from both the increase of tax and the inflated economic figures caused by the house price hike.

[OwlHoot]

The whole circle is further fueled by greedy Real estate agencies that are now days trying to prioritize the sales to investors instead of people who want to live in that home, because they make double profit - first time from the sale commission and then from the property management fees. ...

All good points, especially this