Originally posted by BlasterBates
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Reply to: Weak pound on the way
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Previously on "Weak pound on the way"
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Originally posted by BlasterBates View PostBut if salaries stagnate, which they will, then how will house prices rise. The way I see it we're heading for a period of inflation of everything but houses
Hopefully by that time my BTL's shall be fully paid for my children/s use.
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But if salaries stagnate, which they will, then how will house prices rise. The way I see it we're heading for a period of inflation of everything but houses, as effectively the West becomes poorer, to make up for the fact that they lived beyond their means for a while, at the cost of the later generation. In a way it's sort of a global adjustment where India and the UK converge.
In the future your energy, bill, car, stereo and computer will become hugely expensive, so Britain will be rather like an Emerging economy with not much technology and dirt cheap housing. Might be worth thinking about building an outside toilet in the backyard.
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Originally posted by AtW View PostMortgage advisor offered special deal with 3.2% tracker
Not sure that's so special. There's a 10 year fixed at 3.99% on moneysupermarket (requires minimum 30% deposit).
So a tracker only makes sense if you think mortgage rates will drop further or not rise in the next 5 or more years. Especially when only saving a few quid a month. Unless you don't have the deposit.
3.99% fixed for 10 years looks a very good deal to hedge against pending chaos unless I'm missing something?
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Originally posted by doodab View PostAnd still be in negative equity
Same with gold, sterling, and any other asset. The winner is the one who sells for higher than they bought.
At the moment the only reason to delay buying a property (if you are looking to buy) is to see if prices drop significantly in coming months.
Could be a gamble though if inflation and QE cause house prices to rise against sterling. Banks don't need to pay savers proper interest while they're getting cheap loans from other sources, so those in sterling waiting for the price drops could lose out further.
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Originally posted by MarillionFan View PostForward 24 months. Interest rates at 9%. House prices halved, rental Market collapsed.
'oh why,why did I buy when everyone else sold and started renting'-AtW
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Originally posted by AtW View PostMortgage advisor offered special deal with 3.2% tracker
'oh why,why did I buy when everyone else sold and started renting'-AtW
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