Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: phil her up on 24 April 2008, 17:41:22

Title: interesting website
Post by: phil her up on 24 April 2008, 17:41:22

http://www.globalhousepricecrash.com     Quite interesting stuff here IMHO

Title: Re: interesting website
Post by: Elite Pete on 24 April 2008, 17:45:08

Quote

http://www.housepricecrash.com     Quite interesting stuff here IMHO

I don't want to know. Where's the sand ::)

Title: Re: interesting website
Post by: Entwood on 24 April 2008, 17:55:24

What is the fixation with rising house prices ??? The only way you can "make" a profit is to sell and live in a tent ... and continually rising prices make it harder to buy for everyone .. so no-one wins.

The actual "best option" for everyone .. except speculators of course .. is ZERO house inflation ... then everyone knows EXACTLY where they stand,  and what they'll have to pay to move up the ladder.

Title: Re: interesting website
Post by: phil her up on 24 April 2008, 18:16:38

sorry it wasn't housepricecrash, it was globalhousepricecrash (worse than I thought) ;D

Title: Re: interesting website
Post by: Jay w on 24 April 2008, 19:04:31

i have been looking through the site on the whole there is some good advice.

The name does spell out doom and gloom, and as Entwood said, why should we be worried if the house you have is a home rather than a cash cow

My house is my home, now if i lose 30% of the value of it due to moving markets then so be it, in 25 years time it will be paid for and when i die it will be for the kids to sort out who gets what.

Now i also have a rental house, this is my pension, but again there is 20 years to go on the mortgage, in that time house prices will recover.

investing large sums of money takes time to mature, so many people are looking to get rich overnight, it is not the right economic climate for that to happen.

I feel for people who have just bought only to find their house is worth less now that what they bought it for, but if they stick it out then that situation should turn around, it stands to reason

Title: Re: interesting website
Post by: amigov6 on 24 April 2008, 19:13:10

I bought my 3 bed semi for £40k 6 yrs ago. It's now worth £90+ but i would'nt mind if it's value dropped to a tenner, i only want to live in it & it'll be paid before i retire. It would cost considerably more to rent & i would'nt have the workshop to potter about in, so i'm staying put. :)