Will house prices keep going up or will they crash as some predict
2006-12-11 23:14:48 · 10 answers · asked by Nathaniel 1 in Home & Garden ➔ Other - Home & Garden
Around the world people are moving out of the country and into cities. So the price of city housing is going up, while country houses sit abandoned and small villages die out.
The result is that it becomes increasingly expensive to live in a city and especially a larger percentage of income goes to housing. A balance will be reached, but except for occasional local craziness where a particular fad neighborhood gets way out of line, or a mill town loses its mill, don't expect a general crash in house prices.
If suddenly fuel starts becoming scarce, and truly outrageous in prices however, the trend could reverse. But then house prices will be among the lesser problems
2006-12-12 02:43:11 · answer #1 · answered by No Bushrons 4 · 0⤊ 0⤋
They'll crash and burn mate, anyone with half an understanding of the Macroeconomic climate no there is no alternative. We don't make anything anymore, IR's are rising, fixed rates are coming to an end and everyone is broke.
It's not house prices you want to be concerned about, it's the oncoming recession / depression
2006-12-11 23:24:27 · answer #2 · answered by Chris O 3 · 2⤊ 1⤋
they seem to always go up & down so I'd guess that
they will crash as some predict, (but who knows when ?)
2006-12-11 23:25:25 · answer #3 · answered by start 6-22-06 summer time Mom 6 · 0⤊ 0⤋
There's been talk of a crash for years and it still hasnt happened.
2006-12-11 23:22:52 · answer #4 · answered by L 7 · 0⤊ 0⤋
the guy username Dee your dreaming a dream brother and whatsmore its about time you got real and used contraception the world is starving now what the hell do you think it will be like in 20 years time if the world population is not curbed
2006-12-11 23:43:57 · answer #5 · answered by srracvuee 7 · 1⤊ 0⤋
Yes they are going to rise by about 8% a year..... Unless the chancellor does something stupid like putting interest rates up to 10%
2006-12-11 23:25:23 · answer #6 · answered by Fox Hunter 4 · 0⤊ 1⤋
Islam is the fastest growing religion in the world as we do not believe in contraception hence our numbers are growing all the time.
therefore it is likely that house prices will go up in the UK as in 20 years it is predicted that parts of the UK will under islamic rule.
2006-12-11 23:23:22 · answer #7 · answered by Abdul 5 · 0⤊ 4⤋
It will depend on the mass movement of people.
2006-12-11 23:35:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Hey whose copying my user name ?
2006-12-11 23:17:22 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Hey, what's going on here?
2006-12-11 23:20:24 · answer #10 · answered by Anonymous · 0⤊ 0⤋