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Housing market and the interest rates...

Computer_Fox

Steward
As some have us have witnessed much higher interest rates. a 5% interest rate will be a big problem for the housing market. If the banks get cautious on lending we all understand what may happen next.. NINJA loans in the USA caused the last big crash. BIDEN wants another NINJA home buying spree as his next lever to pull.
 

bnet

Season Ticket Holder
they suck you into their trap then take all your money.

Sell when everyone else is buying, buy when everyone else is selling.
 

DagenhamFox

Blue Roofer
Surely the best thing to do, if you can, is buy at what you think is the very lowest price and sell at what you think is the highest price? Maybe they’re are intertwined, I don’t know.

For most it’s too much upheaval and hassle to even contemplate it. Moving costs money and people get settled. For those with children it becomes even worse.

Ultimately home ownership is a long term investment. I think it’s getting close to a crash but I don’t think it’ll be a big crash. Maybe early next year.

I do however think buying property at auction will become more lucrative as a few houses will be repossessed given the higher prices for pretty much everything.
 

borebage53

Knife & Fork pending
Surely the best thing to do, if you can, is buy at what you think is the very lowest price and sell at what you think is the highest price? Maybe they’re are intertwined, I don’t know.

For most it’s too much upheaval and hassle to even contemplate it. Moving costs money and people get settled. For those with children it becomes even worse.

Ultimately home ownership is a long term investment. I think it’s getting close to a crash but I don’t think it’ll be a big crash. Maybe early next year.

I do however think buying property at auction will become more lucrative as a few houses will be repossessed given the higher prices for pretty much everything.
Have you still got your property in Leeds,Daggers?
 

Billsballbag

Season Ticket Holder
Everybody tries to be clever with property but the majority of up and down pricing is down to central bank interest rate policy.

Thats on the up. In 12 months time we‘re having a look as the wheels will fall off.

Off the back of the latest unemployment figures I can see a half point raise next month.
 
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