Price rises on the way?

Jul 21, 2005 53 Replies

On 22/07/2005 14:23, John Turner wrote,

Absolutely ditto. If they dropped 20%, I'd be round the estate agent's faster than a rat up a drainpipe. I don't want it both ways - I want to own a house! I won't be buying a house with a view to selling it on, I'll be buying it to live in.

The message from "kim" contains these words:

You mean "drastic" as in a rise to the 18% mortgage rate I was paying in

1975/6...? Or something a bit nearer to sanity?

In message , Piemanlager writes

Who he?

I mean a doubling of interest rates as happened between May 1988 and October

1989 which caused house prices to drop by 42% between 1989 and 1996 (when measured as a multiple of household income).

kim

Do try to keep up with the threads at the back there.

Ken.

What's more amazing is that the sheep understand Welsh.

Ken.

The message from "kim" contains these words:

Sorry, I thought you said "drastic"...

The message from Ken Parkes contains these words:

And they know that fast running is needed when they see someone from the Valleys with wellies and a pair of velcro gloves... ;-)

Any feel-good factor is illusory.

But the value of your current house would fall, too.

I just heard that they have found two new uses for sheep in Wales

Meat and Wool

In message , Rob Kemp writes

I think I ought to remind all of you that the last time someone was prosecuted in the UK for performing lewd and unnatural acts with a sheep, he was English.

I reckon that the key thing that causes house prices to fall is unemployment due to recession - do we want recession?

Ian J.

"Jane Sullivan" wrote

I hate to say this but a guy was convicted in Hull a couple of years back for lewd and unnatural acts with a goat. His defence was that it was a female goat, and he didn't realise it was illegal.

John.

"MartinS" wrote

That's not the point, the point is that at current levels first time buyers cannot buy a house.

John.

Really? Why do you say that?

Steve

And to bring this thread (somewhat) back on topic, he was doing it by the side of a railway line and a whole trainful of passengers witnessed the act!

Well, here's hoping your wish will come true before too long.

(kim)

Goat's cheese by any chance?

(kim)

"Enzo Matrix" wrote

That is true!

John.

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