Text only | Text with Images

Tekforums

Chat => General Discussion => Topic started by: Serious on October 04, 2009, 01:45:43 AM

Title: House prices on the way back up
Post by: Serious on October 04, 2009, 01:45:43 AM
http://news.bbc.co.uk/1/hi/business/8286028.stm

Well something must have worked.
Title: House prices on the way back up
Post by: neXus on October 04, 2009, 07:30:02 AM
Quote from: Serioushttp://news.bbc.co.uk/1/hi/business/8286028.stm

Well something must have worked.

Things need to improve though hey. With the Pound almost as the Euro if it got/gets there then calls for the Euro to hit the UK will start to increase.
Title: Re:House prices on the way back up
Post by: Eggtastico on October 04, 2009, 09:49:32 AM
woohoo another close to getting out of negative equity
o_O
Title: Re:House prices on the way back up
Post by: addictweb on October 04, 2009, 10:16:01 AM
This doesnt mean its over, lots of analysts are predicting a double dip recession where we plateau/rise slightly now then crash again even worse that  before. This will likely happen after the election when the government is forced to up taxes and reduce public spending, base rates will return to normal increasing everyones mortgage payments making more people lose their homes and make it harder to get a mortgage.

Title: House prices on the way back up
Post by: Sam on October 05, 2009, 13:15:29 PM
We wont have a worse crash unless the rest of the world comes with us. This recession was US caused.
Title: Re:House prices on the way back up
Post by: Mark on October 06, 2009, 00:06:50 AM
dead cat bounce.

Who wins when houses become unaffordable again? Its ridiculous. A 3 bedroom semi is not worth 160k.

£40 per square foot is what it costs to build.

People wont be happy until theyre living off credit cards and mortgage equity withdrawals again. If you cant pay for something, you cant afford it. Save - or tough titties.

Text only | Text with Images