zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Oct 11, 2018 17:43:36 GMT
Other market conditions = Global pandemic = 20% population loss in 1st world economies = no housing shortage = price crash. Just a thought, we are long overdue it according to many experts.☹ or rising sea levels taking farming land, horticultural and agricultural failure owing to predicted heat waves; and previously mentioned product being well below consumption, make food the most expensive item, the result of which would be for housing investment...
|
|
happy
Member of DD Central
Posts: 397 
Likes: 497
|
Post by happy on Oct 11, 2018 19:21:13 GMT
Well it was raining outside and that never makes many people happy does it.
My real point is that we really don't know what the future hold and we can only effectively plan defensively for relatively minor shocks to the system. And when it comes to Brexit despite all the expert views out there I still think we are none the wiser about what will really happen come the day, regardless of the outcome of negotiations.
|
|
angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,332
Likes: 789
|
Post by angrysaveruk on Oct 12, 2018 8:14:27 GMT
Other market conditions = Global pandemic = 20% population loss in 1st world economies = no housing shortage = price crash. Just a thought, we are long overdue it according to many experts.☹ or rising sea levels taking farming land, horticultural and agricultural failure owing to predicted heat waves; and previously mentioned product being well below consumption, make food the most expensive item, the result of which would be for housing investment... I would say one of the best long term investments (assuming the free market system survives and we dont end up with some quasi-marxist government) is farming land. .
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Oct 12, 2018 8:39:37 GMT
or rising sea levels taking farming land, horticultural and agricultural failure owing to predicted heat waves; and previously mentioned product being well below consumption, make food the most expensive item, the result of which would be for housing investment... I would say one of the best long term investments (assuming the free market system survives and we dont end up with some quasi-marxist government) is farming land. . yes... Instead of piping water from Scotland, just buy land there instead.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Nov 20, 2018 22:40:27 GMT
|
|
benaj
Member of DD Central
N/A
Posts: 5,619
Likes: 1,741
|
Post by benaj on Nov 21, 2018 9:31:01 GMT
The location and the demands of the location affect the property prices a lot. Our global population keeps on rising, and there are less desirable properties on the market with cheap price tags everyday.
It’s likely someone made more than 50% profit even @ 5% discount in London.
|
|
|
|
Post by propman on Nov 22, 2018 9:29:23 GMT
or rising sea levels taking farming land, horticultural and agricultural failure owing to predicted heat waves; and previously mentioned product being well below consumption, make food the most expensive item, the result of which would be for housing investment... I would say one of the best long term investments (assuming the free market system survives and we dont end up with some quasi-marxist government) is farming land. . Farm land in Uk is a combination of betting on subsidies, possible development and tax reliefs. Outside EU former might not continue at the current level while the return on development prospects is typically 10 years plus due to Nimbyism with the best prospects wrapped up in options by the Developers years before.
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Nov 23, 2018 23:51:08 GMT
I thought the housing market in this country was overheated in the early 2000s, it has clearly passed the point of insanity now. Successive governments have done everything they can to keep it propped up. There must be a point at which it all collapses, but goodness knows when it'll be. Just glad to be out of it.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Nov 28, 2018 17:35:43 GMT
I thought the housing market in this country was overheated in the early 2000s, it has clearly passed the point of insanity now. Successive governments have done everything they can to keep it propped up. There must be a point at which it all collapses, but goodness knows when it'll be. Just glad to be out of it. Outside London it doesn’t seem insane. Yields are pretty good
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Nov 29, 2018 11:16:51 GMT
I don't doubt it, but having grown up in rented accommodation and lived in a variety of rented places for more than 20 years as an adult (before finally buying mortgage-free in 2012) while experiencing the good, bad and the ugly housing and landlord wise - I cannot easily regard housing in pure investment terms. Fair play to those that are able to because there was, and perhaps still is, an absolute fortune to be made from the dismal housing stock typically on offer in this country.
We do not cheer when other basic human needs experience massive increases in prices, is subject to market distortion or get poorer in quality. Housing is the exception.
I'll get off my soap box now.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Nov 29, 2018 17:04:52 GMT
I don't doubt it, but having grown up in rented accommodation and lived in a variety of rented places for more than 20 years as an adult (before finally buying mortgage-free in 2012) while experiencing the good, bad and the ugly housing and landlord wise - I cannot easily regard housing in pure investment terms. Fair play to those that are able to because there was, and perhaps still is, an absolute fortune to be made from the dismal housing stock typically on offer in this country. We do not cheer when other basic human needs experience massive increases in prices, is subject to market distortion or get poorer in quality. Housing is the exception. I'll get off my soap box now. Housing is pretty cheap in Glasgow. 2 working people on average salaries can buy a decent house quite easily. I think insane house prices is a problem confined to south England
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Nov 29, 2018 22:58:21 GMT
I don't doubt it, but having grown up in rented accommodation and lived in a variety of rented places for more than 20 years as an adult (before finally buying mortgage-free in 2012) while experiencing the good, bad and the ugly housing and landlord wise - I cannot easily regard housing in pure investment terms. Fair play to those that are able to because there was, and perhaps still is, an absolute fortune to be made from the dismal housing stock typically on offer in this country. We do not cheer when other basic human needs experience massive increases in prices, is subject to market distortion or get poorer in quality. Housing is the exception. I'll get off my soap box now. I agree. I'm partly asking because this may be someone's only chance of getting on the ladder, in this game of mostly snakes. Certainly when it comes to working hard and that meaning nothing re south east housing.
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Nov 30, 2018 9:44:29 GMT
I don't doubt it, but having grown up in rented accommodation and lived in a variety of rented places for more than 20 years as an adult (before finally buying mortgage-free in 2012) while experiencing the good, bad and the ugly housing and landlord wise - I cannot easily regard housing in pure investment terms. Fair play to those that are able to because there was, and perhaps still is, an absolute fortune to be made from the dismal housing stock typically on offer in this country. We do not cheer when other basic human needs experience massive increases in prices, is subject to market distortion or get poorer in quality. Housing is the exception. I'll get off my soap box now. Housing is pretty cheap in Glasgow. 2 working people on average salaries can buy a decent house quite easily. I think insane house prices is a problem confined to south England It does vary enormously. For example, Stoke-on-Trent is near to where I grew up - and it is basically the land that house price inflation forgot. You can still pick up a terrace for £40K. About the same price it was 20 years ago. But there's a good reason for that - it's an area that never really recovered from the decline of the pottery industry. Other places, and not just SE England have seen stupid levels of increases. Here in Wales, the prices in some locations have 10x in the last 25 years while salaries have at best doubled. Low interest rates and various government interventions mean an earning couple can still afford that - providing they don't want kids and don't suffer any financial shocks like illness or redundancy. Northern Ireland is, of course, the poster child for astronomical increases.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Nov 30, 2018 9:52:14 GMT
Housing is pretty cheap in Glasgow. 2 working people on average salaries can buy a decent house quite easily. I think insane house prices is a problem confined to south England It does vary enormously. For example, Stoke-on-Trent is near to where I grew up - and it is basically the land that house price inflation forgot. You can still pick up a terrace for £40K. About the same price it was 20 years ago. But there's a good reason for that - it's an area that never really recovered from the decline of the pottery industry. Other places, and not just SE England have seen stupid levels of increases. Here in Wales, the prices in some locations have 10x in the last 25 years while salaries have at best doubled. Low interest rates and various government interventions mean an earning couple can still afford that - providing they don't want kids and don't suffer any financial shocks like illness or redundancy. Northern Ireland is, of course, the poster child for astronomical increases. House prices have gone up 10 x while salaries have doubled. However, interest rates have plummeted so mortgage interest payments have not gone up much. I like to buy things cash so I find this frustrating but most people only care about the monthly payment amount
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Nov 30, 2018 9:53:29 GMT
I don't doubt it, but having grown up in rented accommodation and lived in a variety of rented places for more than 20 years as an adult (before finally buying mortgage-free in 2012) while experiencing the good, bad and the ugly housing and landlord wise - I cannot easily regard housing in pure investment terms. Fair play to those that are able to because there was, and perhaps still is, an absolute fortune to be made from the dismal housing stock typically on offer in this country. We do not cheer when other basic human needs experience massive increases in prices, is subject to market distortion or get poorer in quality. Housing is the exception. I'll get off my soap box now. I agree. I'm partly asking because this may be someone's only chance of getting on the ladder, in this game of mostly snakes. Certainly when it comes to working hard and that meaning nothing re south east housing. Yes, it's a real gamble. For me, the gamble of working in the SE for around a decade while living in cheaper, but crappier accommodation and saving 50+% of my salary to buy well outside of the capital paid off as in retrospect I timed it reasonably well (prices around here were still depressed after the 2008 crash).
|
|
