Thr property market

Thr property market

When the fuck are prices for mediocre housing going to stop rising? When is the government going to address this isssue?

The price of houses has risen dramatically in recent years and is set to continue in the North East to a possible further increase of 30% according to some estate agents. While I appreciate this may be an exageration there has been no signs of anything other than this happening.

Has anyone else been wanting to buy?

I don't want to be paying a mortgage for the next 50 years but if it continues there is going to no other way short of winning the lottery of buying property in a good area in the North East of England

I already own a flat in the West of Scotland and I'm lucky in that respect. It doesn't make it any easier though getting on to the property ladder down here. It's a fucking joke as it's all paper money and debt.

what can be done about it?

I know what you mean.

I first considered buying a house about 2 years ago. At the time I was thinking about buying in Consett and I couldve easily got a decent house that needed no work doing to it for £30k. Now when I look at my local property for sale paper, Id be hard pushed to find a house for £60k. I wish Id bought a house when I first thought about it. I wouldve been able to seel it now for a tidy profit and move somewhere decent. The way its going, Im not gonna be able to get my own house, I'd have to get someone else to come in with me and thats not somehting I wanna do at all

only time will tell. apparently there's not many first time buyers around anymore - cause they can't afford to buy nowadays - eventually it may slow but will it burst - who knows?! it's still so cheap to lend so in therory if interest rates go up, will house prices come down? fook knows... saying that - my flat in now worth 3.5 times what it was when i bought it 6 years ago... only trouble is - anywhere else i wanna buy has gone up the same amount.

best option - brand new houses. atleast prices aren't that over inflated. buy one, flog it 6 months later for 10%-15% profit!

i'm in the process of buying a house atm...tis a canny expensive business....house the less than 2 yrs ago wud've sold for £20k r now being sold for £40k +


this is how ridiculous the prices are.... theres a house that was for sale in ebchester (the village where i live) for £69k....not too bad u may think til u know it was a 2 bed, end tcd house, that needed a new kitchen, bathroom, re-wiring, central heating system etc!!

I'm wanting to buy at the moment as well but your right prices are stupidly high! I'm going to move back home with my parents for a bit to save some cash and hopefully in 6 months or so prices will have started to come back down...

they've been saying that for a couple of years now... "maybe they'll come down in 6 months" but they've continued to grow. the north is behind the south and the south is now only just starting to see a slow down in the market, so it may STILL be a few years b4 prices level out and MAYBE come down here... but it could be 4 or 5 years b4 they're down to sensible prices again. No one knows thats why there's so much confusion. I think sometimes you just have to bite the bullet and hope u avoid negative equity!

It pisses me off - you here all the old cvnts in work complainig about there pension deals and fucking speed bumps in there areas whilst they forget there paying £200 a month for three and four bedroom houses.

Wages aren't increasing yet the property market is spiralling out of control. It's getting like London up here though at least there is the wages to support the market down there.

Renting is ok for a short period of time but it's not an investment and costs more each month than a mortgage does.

I have family in the States and South Africa who live in massive plush houses with pools, gardens the lot - over here you'd get a crack den in some hole for a similar price.

Anyone considered upping sticks and getting to fvck out Britian - I am.

True.

But as if the conservatives could do better!

The only reason I would considering going to uni and doing a degree would be to get a visa and get the fuck outa here!

I don't know the answers, I just know the reality of it.

What are young working people meant to do? Bring up families in rented unsecure property?

I read day in day out on here from members of the board on how they are getting on with University, college, etc and I look at the debt there getting into already through loans and fees etc.. It makes me sick at what they have ahead.

It's a constant battle at the moment to get ahead.

it's all down to the interest rates, as people have said, gordon brown's trying to keep the economy going by having the consumer borrow more and more... but the uk can't compete with cheap imports. my company i work for is a prime example - a clothing manufacturer who had many factories in the north east producing top quality clothing in the uk - and was known for this - only last week it's last factory closed. All it's factories have closed over the last 4 years. all manufacturing has now moved to morroco and indonesia. it's all a cycle... if labour get dumped from power, the conservatives will take over, a recessions will start, labour will harp on about 'how they've runined the country' labour back in power.... the cycle starts again... IMO

[smug comment]

I bought my house five years ago.

[/smug comment]

will you marry me??