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The mkiv Supra Owners Club

Benefit System Reform......


imi

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Would you be saying anything if the housing market took a dive though, and your house was in negative equity? Buying anything is a risk, you win some, you lose some. A shortage of housing in what people perceive to be desirable areas puts prices up, as does levels of (perceived) disposable income. Things may change. In the interim you could make your next move by selling your current house for the price you paid, and have that nice warm feeling that charitable acts apparently bring ;)

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I am desparate for the housing market to take a dive! We can't afford to move out of our 2-bed semi in this (insanely overpriced!) area at the moment into something with more space for the boys - a nice big 50% drop in house prices would be fantastic! So I think I'll have take your word for it on the warm feeling stuff! :D

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also did you realise that a EU immigrant can claim full child benefit for each of there children that do not live in this country, & send that money home with out contributing anything into our welfare state

 

Well, that'll be a difficult one for IMI to justify.

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  • 1 month later...
But if property drops by 50% the cost to move will still remain much the same, it's simply the price your desired property is worth less your current properties market value. The fact the price difference may be a lesser monetary figure will be pretty much offset by inflation, historically.

 

Yes, but the issue is the ratio between the monetary difference in property values and our household income. Assuming income doesn't drop 50% as well (which would make it all meaningless as per your description), then a big drop in property values would make a bigger house more affordable immediately.

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