true, true...but the real deciding factor will be what landlords do

I'm really involved with mortgages for my job you see, so 'scuse the geekness to follow...

First time buyers now equate for less than 10% of the market. The average house price is over £200,000. People can't get on the ladder without a significant deposit.

The crux of the matter will lay with landlords. If they all start selling up en-masse to get a profit while they still can, they will. That's all due to the mortgages they take which are interest-only, rather than capital repayment.

Trouble is house prices are already stalling....just hope they stay level rather than crash!

Posted By: Stoopish on August 2nd 2007 at 13:16:56

Message Thread

How much would a 4-bedroomed detached house cost in Norwich ? (NCFC) - Steve in Holland, Aug 2, 12:46:26
- check out this site (NCFC) - blindasabat, Aug 2, 13:17:40
  - Thas good, cheers Blindas - I'll (NCFC) - CB41, Aug 2, 13:24:28
    - only if we do a private sale and i can pay you in installments (NCFC) - blindasabat, Aug 2, 13:29:25
      - Too low. Can't you just pay (NCFC) - CB41, Aug 2, 13:31:54
        
        sorry, looks like i'll have to pass then! (NCFC) - blindasabat, Aug 2, 13:35:42
- *www.rightmove.co..uk* (n/m) (NCFC) - commonsense, Aug 2, 13:10:16
- Try Rightmove (n/m) (NCFC) - commonsense, Aug 2, 13:09:45
- You can have mine for £300K - its in NR7... (NCFC) - Superstar D J, Aug 2, 12:53:49
  - Nah only asking about houses. Still cheap by the sounds of things (NCFC) - Steve in Holland, Aug 2, 12:57:11
    - East of the City. Nr Thorpe St Andrew. (NCFC) - Superstar D J, Aug 2, 12:58:54
    - Sprowston is NR7 (NCFC) - Arizona Bay, Aug 2, 12:58:47
    - Thorpe St A is NR7 (n/m) (NCFC) - Clare, Aug 2, 12:58:23
      - Righty ho. Would imagine they'd want south-west as he (NCFC) - Steve in Holland, Aug 2, 13:00:56
        
        Hethersett might be a good option then (NCFC) - Clare, Aug 2, 13:04:29
        
        Cheers. Will recommend that area then. Sounds perfect (n/m) (NCFC) - Steve in Holland, Aug 2, 13:24:04
        
        Trouble is.... (NCFC) - Clare, Aug 2, 13:02:54
        
        Takes me 15 mins in the morning and I use the Yarmouth Road. (n/m) (NCFC) - Superstar D J, Aug 2, 13:02:29
  - Prices of the flats have gone up 10-15k in the last 2 - 2 1/2 years (n/m) (NCFC) - Brom, Aug 2, 12:55:14
    - I would say you are about right there. I was renting one on (NCFC) - Superstar D J, Aug 2, 12:57:44
      - Our flat has gone up around 15k since we bought it just over two years ago.. (NCFC) - Brom, Aug 2, 13:01:39
        
        As a whole, many people are now going off flats (NCFC) - Stoopish, Aug 2, 13:04:12
        
        I would agree. Look at how many flats there are on the market in Norwich (NCFC) - Superstar D J, Aug 2, 13:05:45
        
        far too many if you ask me (NCFC) - Stoopish, Aug 2, 13:09:03
        
        8.5% gain in that period. Ours is up over 15% for the same period. (NCFC) - Superstar D J, Aug 2, 13:14:22
        
        true, true...but the real deciding factor will be what landlords do (NCFC) - Stoopish, Aug 2, 13:16:56
        
        and tons and tons more being built (NCFC) - Clare, Aug 2, 13:06:44
        
        Already started... (NCFC) - Brom, Aug 2, 13:12:41
        
        Good profit, but compared to house prices, I think Flat prices in (NCFC) - Superstar D J, Aug 2, 13:03:51
        
        Nah, probably not (n/m) (NCFC) - Brom, Aug 2, 13:05:08
        
        yep that's right (n/m) (NCFC) - Stoopish, Aug 2, 13:04:44
- £200,000 upwards shink (NCFC) - Arizona Bay, Aug 2, 12:53:05
- Have a look at the EDP (NCFC) - Clare, Aug 2, 12:50:29
  - Bloody hell, they's dirt cheap - (NCFC) - CB41, Aug 2, 12:56:42
    - You're right! (n/m) (NCFC) - Steve in Holland, Aug 2, 12:58:10
    - Well they start cheap... (NCFC) - Clare, Aug 2, 12:58:08
      - Ah, thats more comparible but still cheaper. Why on earth (NCFC) - CB41, Aug 2, 13:00:54
      - which you can still double to get the nicer areas of Cambridge (n/m) (NCFC) - blindasabat, Aug 2, 13:00:10
        
        There are 4 bed places in Cambridge for £230k upwards (n/m) (NCFC) - Clare, Aug 2, 13:11:37
        
        depends on which area though (n/m) (NCFC) - blindasabat, Aug 2, 13:16:53
        
        of course... (NCFC) - Clare, Aug 2, 13:21:03
        
        Are you sure? We just sold my mums 3 bed semi (NCFC) - CB41, Aug 2, 13:15:58
        
        Kin hell, where? Must be (NCFC) - CB41, Aug 2, 13:12:43
        
        God knows, I don;t k (n/m) (NCFC) - Clare, Aug 2, 13:16:36
        
        wrong button... (NCFC) - Clare, Aug 2, 13:18:46
        
        Ah well only 3 of those are actuaally in Cambridge and are (NCFC) - CB41, Aug 2, 13:29:04
        
        No, the search was within 6 miles of Cambridge (n/m) (NCFC) - Clare, Aug 2, 13:41:37
        
        You need to move out of Cambrideg to buy. Even in (NCFC) - CB41, Aug 2, 13:03:53
        
        I've mentioned this before, but my Mum and Dad bought the golden triangle house I grew up (NCFC) - Arizona Bay, Aug 2, 13:06:11
        
        Wasn't Thailand a bit like, (NCFC) - CB41, Aug 2, 13:08:41
        
        Thats all my old house in the golden triangle is worth now (NCFC) - Clare, Aug 2, 13:07:45
        
        Yes but factor in where Cambridge is to the rest of the country. (NCFC) - Superstar D J, Aug 2, 13:01:39
        
        You must be joking. The only place you can get to (NCFC) - CB41, Aug 2, 13:07:19
        
        You say who would want to go to London... (NCFC) - Brom, Aug 2, 13:11:59
        
        Some seriously nice places round Manchester (NCFC) - Arizona Bay, Aug 2, 13:14:50
        
        Knutsford!! We have friends living there and it's well nice. Prob (NCFC) - CB41, Aug 2, 13:18:06
        
        Yeah - Sister-in-law's fiance is from Knutsford - plenty of money round there (NCFC) - Arizona Bay, Aug 2, 13:20:18
        
        'Around Manchester' - not in it (n/m) (NCFC) - Brom, Aug 2, 13:16:20
        
        Riiiiiight. (NCFC) - Arizona Bay, Aug 2, 13:18:44
        
        I like Manchester (the centre) outskirts are a hole though (n/m) (NCFC) - Stoopish, Aug 2, 13:47:55
        
        Good for gigs, theatre, films etc though and, unlike London, (NCFC) - CB41, Aug 2, 13:25:44
        
        I like Manchester, not seen much of Liverpool. I'm (NCFC) - CB41, Aug 2, 13:14:19
        
        i blame London (NCFC) - blindasabat, Aug 2, 13:04:44
        
        Lol!!! (n/m) (NCFC) - Superstar D J, Aug 2, 13:06:16
        
        I blame Etuhu (n/m) (NCFC) - Brom, Aug 2, 13:05:41
        
        I'll never forgive Etuhu for colluding with Napoleon Bonyparts. (n/m) (NCFC) - Arizona Bay, Aug 2, 13:07:00
- duno, but what I would be interested to know is . How much would a two bedroom.... (NCFC) - Dirty Delia, Aug 2, 12:49:18
  - Depends where in Amsterdam. (NCFC) - Steve in Holland, Aug 2, 12:52:57
    - ok then ... but are rental prices compariable to purchase prices ie if you bought a flat (NCFC) - Dirty Delia, Aug 2, 13:00:03
      - It is cheaper to buy, but in NL we also get a tax rebate but if you're not an NL (NCFC) - Steve in Holland, Aug 2, 13:26:27
        
        ah ok. (n/m) (NCFC) - Dirty Delia, Aug 2, 13:29:14
- 9 (n/m) (NCFC) - Brom, Aug 2, 12:47:04
  - That's fucking cheap. I might buy a few hundred myself then. (n/m) (NCFC) - Steve in Holland, Aug 2, 12:47:52
  - unless Newcastle pay half (n/m) (NCFC) - blindasabat, Aug 2, 12:47:47

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