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THE CHATTER BOX

 
  
  
  The Chatter Box : Blathering On
  
  
  
 
House prices. by johnnythemonkey on 28 November 2008 4:32am
 
Am I the only one that welcomes falling house prices? Myself, I could'nt care if my house was valued at tuppence. I have no plans to move and even if I did, it would mean that the larger house that I may seek, would be worth tuppence- halfpenny.
I laugh my socks off at those that have been 'stung' in the current climate.
Realistic house prices mean that our kids can have some hope of buying.
 
Re: House prices. by vlad all over on 28 November 2008 10:54am
 
Well said Johnny. I've been thinking this for so long myself. The town I live in has an average household income of £29,000 per year and an average house price of £277,633 which is bad enough but 26% of the people in my town earn less than £13,000 a year. Bloody ridiculous. Rent prices are astronomical and there is next to no affordable housing in my town as all the council houses were sold off by the Tories. It's unlikely I will ever own my own home and I will probably spend the rest of my life raisng my family with next to no sense of security whatsoever. Also my kids will probably be left with nothing when I'm gone just as I will be when my parents are gone. In the meantime the rich just keep on getting richer.
 
Re: House prices. by mrsthing on 28 November 2008 11:20pm
 
It's the same here in the US. But with people being "upwardly mobile" and companies paring their payrolls or going belly-up, some people *have* to move. But if they sell for less than what they paid, they can claim the loss on their taxes.

I'd love to have a somewhat bigger house, but we're pretty much stuck here now. It's just tempting when I see a house I couldn't possibly have afforded 6 months ago suddenly well within my price range. And if we didn't have so much tied up in the stock market, I'd take the loss on this one and move. But we don't know what's going to happen with the economy, and the publishing industry is weak right now, so we're hunkering down and hoping to weather the storm in financial solvency. I grew up poor, and my husband grew up almost poor, so we're both used to cutting corners and doing without.
 



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