You are reading a single comment by @Hefty and its replies.
Click here to read the full conversation.
-
forecasting 9% drop in house prices
House prices have risen about 14% in the last year, depending who you believe, so a 9% drop puts us back to where things were about April this year.
It’ll be loads more than 9% won’t it? The cost of borrowing has gone up 500%. I reckon 20%.
Hefty-
Even that only takes us back a couple more years (far less in some areas). It is ridiculous.
-
Not my forecast - the OBR. obviously, regional variations will be in there.
-
Who knows what's going to happen? Even with the 6% mortgages it still works out cheaper monthly to pay the mortgage than renting the equivalent in London so I wouldn't be surprised if things plateaued rather than go down, fuck knows for the rest of the country but yeah probably not great.
c00ps
villa-ru
Gewürzt
Also forecasting 9% drop in house prices .
And a 5% increase in council tax.
All cool. Thanks tories.