Forum Message

Topic: House Prices stabilise ?
Posted by: Steve Gallant
Date/Time: 17/08/14 08:09:00

Good ! Sales volumes are half what they were pre-crash.The lack of tock and sales are driving the prices we are seeing, not the intrinsic value of your house. The higher they go, the further they could fall with all the problems that will bring. 
Imagine in to or three years when interest rates are back to 3% (and mortgage payments have doubled... You wont be so happy to live in a high value area then.. massive payment hikes, unable to sell as hardly anyone could afford to buy, homes being reposessed..
A period of stable prices is the best situation for the medium/long term for everyone. 


Entire Thread
TopicDate PostedPosted By
House Prices stabilise ? 17/08/14 08:09:00 Steve Gallant
   Re:House Prices stabilise ? 17/08/14 09:26:00 Thomas Barry
      Re:Re:House Prices stabilise ? 17/08/14 17:51:00 Steve Gallant
         Re:Re:Re:House Prices stabilise ? 17/08/14 18:14:00 Gerry Tan
            Re:Re:Re:Re:House Prices stabilise ? 17/08/14 18:36:00 Steve Gallant
               Re:Re:Re:Re:Re:House Prices stabilise ? 17/08/14 18:50:00 Keith Iddon
                  Re:Re:Re:Re:Re:Re:House Prices stabilise ? 18/08/14 08:18:00 Steve Gallant
         Re:Re:Re:House Prices stabilise ? 17/08/14 21:49:00 Lynne Bruce
            Re:Re:Re:Re:House Prices stabilise ? 18/08/14 08:12:00 Steve Gallant
               Re:Re:Re:Re:Re:House Prices stabilise ? 18/08/14 08:25:00 Susan Kelly
                  Re:Re:Re:Re:Re:Re:House Prices stabilise ? 18/08/14 09:22:00 Steve Gallant
   Re:House Prices stabilise ? 18/08/14 09:20:00 Will Watson
      Re:Re:House Prices stabilise ? 18/08/14 09:28:00 Steve Gallant

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