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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

How much higher can (and should) house prices go? Should they fall?

1 reply

DadAManger · 13/08/2021 17:13

We are lucky to own a property and - like many others - have been amazed to see how it has increased in value.

But we know we are not really any better off - if we sell then we will only need to buy another place which has gone up in value multiple times.

And our kids - no matter how hard working - are going to need massive amounts of help from us to buy even a shoe box when it is their turn to move out.

Overseas buyers are also making up a large parts of the sales in our area too - making it even harder for people actually working in the UK (on wages that have not kept up with house prices) to buy.

AIBU to think that this frothy pricing actually means nothing to the "gainers", causes pain for the young and renters and that some house price falls would actually be a good thing for all of us?

OP posts:
PicsInRed · 13/08/2021 17:21

House prices will go up if only because a huge amount of magic money tree was harvested over the past 18 mos. More money in the system = inflation = asset prices increase on paper.

The additional tangible factors are HK refugees and the "race for space" caused by lockdown.

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