What will your house be worth in 2018?

[BlasterBates]

Another case of ignorance; price of a futures contract does not mean the price in the future.

Can everyone please ignore idiots who post links to the guardian and the independent.

hmm disbelief->denial->panic->anger->acceptance

[Francko]

the 'My house is my pension' crowd

Is there something wrong to consider the house as a part of your pension? Unless you keep working hard until you drop dead so that you can pay rent and living expenses, I still see that having a flat/house with no mortgage is a good option. Even better if you have a flat/house in a high cost of living part of the world that will guarantee you a decent income in some other cheap locations. Doom-mongers like you should try to see a little bit further ahead, just as much as the people who foolishly believed that they would have become rich watching their flat value going up on paper 10% more every year.

[Diver]

I've spent the last few days on an estate agents forum and a bankers bulletin board.
God!!! all they bloody talk about on there is IT Contracting

[Turion]

Another case of ignorance; price of a futures contract does not mean the price in the future.

Can everyone please ignore idiots who post links to the guardian and the independent.

The futures contract is effectively a bet on the price of an asset or commodity at some point in the future. If you buy these housing futures contracts now, you will gain big time if prices rise over the next 10 years. However, the market thinks you're on to a loser.

[BrilloPad]

I've spent the last few days on an estate agents forum and a bankers bulletin board.
God!!! all they bloody talk about on there is IT Contracting

well - IT contracting is alot more fun than either of those.

I bet their posts are not as quality as NF's!

[HairyArsedBloke]

The futures contract is effectively a bet on the price of an asset or commodity at some point in the future. If you buy these housing futures contracts now, you will gain big time if prices rise over the next 10 years. However, the market thinks you're on to a loser.

No it’s not; a futures contract is for a deal done today for the delivery of a commodity at some specific date in time to come. The price also reflects funding and storage costs over the lifetime of the contract.

Anyway, using your logic; you’ll be quids in because oil will be so much cheaper. On Friday November 2013 crude was just over 99 buck whereas the front month was over 110. However, six months ago November 2013 was about 80 and May 2008 was 90.