ditchman Posted April 10, 2020 Report Share Posted April 10, 2020 just thinkiing whilst out in the garden this afternoon....listening to the joyous crys of children in the gardens ....the parents are actually engaging with them...........sort of reminds me of the sounds 40 years ago.............. experts are saying the housing market is going to take a dive............ im just wondering if people in the cities and towns are going the revaluate their lives and going to move to the country ...where they have a garden and life seems to go on as more or less normal....as opposed to being cooped up in a prision flat or maisonnette....no garden no yard....just 4 walls looking out onto concrete and brick..............that..................if it happens may well see an increase in value of country side properties.............or at the least ...they wont go down.. thoughts Quote Link to comment Share on other sites More sharing options...
ShootingEgg Posted April 10, 2020 Report Share Posted April 10, 2020 If the market drops people might fall into negative equity so it won't necessarily mean this will happen, but I would imagine a % of people will be able to do so.. Quote Link to comment Share on other sites More sharing options...
ditchman Posted April 10, 2020 Author Report Share Posted April 10, 2020 16 minutes ago, ShootingEgg said: If the market drops people might fall into negative equity so it won't necessarily mean this will happen, but I would imagine a % of people will be able to do so.. you are right ...the whole market will drop ......but due to supply and demand the country properties will attract a premium which will rectify the fall...... Quote Link to comment Share on other sites More sharing options...
treetree Posted April 10, 2020 Report Share Posted April 10, 2020 I'd imagine everyone is sat at home wishing their home and garden were bigger right now as we're all compelled to stay in them. I'd love to live in the countryside, but have to admit being in town is so much more convenient especially with small children. I'd imagine that when the lockdown is lifted people will be reminded of the convenience of town living. City living is a different matter though Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted April 10, 2020 Report Share Posted April 10, 2020 (edited) hello, i wish i had a garden, will have to be my afternoon stroll by the river to keep some sanity😀 Edited April 10, 2020 by oldypigeonpopper Quote Link to comment Share on other sites More sharing options...
TRINITY Posted April 10, 2020 Report Share Posted April 10, 2020 The biggest driver of house prices is demand. While ever more people want to live in the UK than our small island can sustainably support prices will hold firm. However I do accept there may be a rebalancing between country and city. Quote Link to comment Share on other sites More sharing options...
Walker570 Posted April 10, 2020 Report Share Posted April 10, 2020 About time to build a blinking great TRUMP wall around the M25 then as enough of 'em have snook out already. Quote Link to comment Share on other sites More sharing options...
Newbie to this Posted April 10, 2020 Report Share Posted April 10, 2020 7 minutes ago, Walker570 said: About time to build a blinking great TRUMP wall around the M25 then as enough of 'em have snook out already. As one who has managed to escape, I fully agree Quote Link to comment Share on other sites More sharing options...
washerboy Posted April 10, 2020 Report Share Posted April 10, 2020 Wanting to sell mine in 18 months, things to get it ready. Morgage is then paid off. Would like a small bungalow. Quote Link to comment Share on other sites More sharing options...
stumfelter Posted April 10, 2020 Report Share Posted April 10, 2020 I suppose a lot of the people with no garden can't afford anything else. 9 minutes ago, washerboy said: Wanting to sell mine in 18 months, things to get it ready. Morgage is then paid off. Would like a small bungalow. Did the same last year and wish I'd have done it sooner. Quote Link to comment Share on other sites More sharing options...
WalkedUp Posted April 10, 2020 Report Share Posted April 10, 2020 We downsized from a huge four storey Georgian house to a tiny bungalow in the green belt that we converted the loft to bedrooms under PD. Not many people downsize with 3 young children but it’s been the best decision. My wife and boys love the house, I love the garden and the view of fields. We have no curtains, no need for them. Quote Link to comment Share on other sites More sharing options...
AVB Posted April 10, 2020 Report Share Posted April 10, 2020 1 hour ago, treetree said: I'd imagine everyone is sat at home wishing their home and garden were bigger right now as we're all compelled to stay in them. I'd love to live in the countryside, but have to admit being in town is so much more convenient especially with small children. I'd imagine that when the lockdown is lifted people will be reminded of the convenience of town living. City living is a different matter though We have lived mostly on towns and cities although semi rural at the moment. There are some benefits but it is a pain when the kids want to be with mates in town (obviously not at the moment) and I feel sorry for older folks who can’t drive and are dependent on a very irregular bus service. Quote Link to comment Share on other sites More sharing options...
loriusgarrulus Posted April 10, 2020 Report Share Posted April 10, 2020 We downsized from a four bedroom detached to a bungalow when my job relocated. Best move ever. We don't miss stairs. On a bum note. There might be a few empty houses coming on the market after this lot is over. ☹👎 Quote Link to comment Share on other sites More sharing options...
stumfelter Posted April 10, 2020 Report Share Posted April 10, 2020 9 minutes ago, WalkedUp said: We downsized from a huge four storey Georgian house to a tiny bungalow in the green belt that we converted the loft to bedrooms under PD. Not many people downsize with 3 young children but it’s been the best decision. My wife and boys love the house, I love the garden and the view of fields. We have no curtains, no need for them. Because there's only me and the wife I'm converting the loft into a man cave! 😀😀 Quote Link to comment Share on other sites More sharing options...
TRINITY Posted April 10, 2020 Report Share Posted April 10, 2020 As far as I know the UK area is around 60 million acres. Take area for roads,airports, rail and such infrastructure. Land for agricultural use (provided we still grow stuff) then land for industry and distribution. Then there is the land which would be extremely uninhabitable, high mountains,flood plains,marsh land. I am sure I could think of more non domestic uses. Then consider our population is well over 60 million and rapidly climbing. We may be lucky to get half acre each. Quote Link to comment Share on other sites More sharing options...
Whitebridges Posted April 10, 2020 Report Share Posted April 10, 2020 (edited) 2 hours ago, ditchman said: just thinkiing whilst out in the garden this afternoon....listening to the joyous crys of children in the gardens ....the parents are actually engaging with them...........sort of reminds me of the sounds 40 years ago.............. experts are saying the housing market is going to take a dive............ im just wondering if people in the cities and towns are going the revaluate their lives and going to move to the country ...where they have a garden and life seems to go on as more or less normal....as opposed to being cooped up in a prision flat or maisonnette....no garden no yard....just 4 walls looking out onto concrete and brick..............that..................if it happens may well see an increase in value of country side properties.............or at the least ...they wont go down.. thoughts In some respects it's the same here. Young children in the garden laughing and screaming and having fun. Sometimes with formally very busy parents, business leaders and the like you didn't see before Corvid 19 as they had very little time to do such things. I've seen those i've never seen before, out riding bicycles with their kids and new dogs that have been kept behind fenced gardens. This virus is changing normality for something different. As for money whether it's bricks and mortar, stocks and shares, chattel's, gold, bonds, land etc. Be prepared to get raped and pillaged further for a good while to come. Edited April 10, 2020 by Whitebridges Quote Link to comment Share on other sites More sharing options...
7daysinaweek Posted April 10, 2020 Report Share Posted April 10, 2020 Many of the Liverpudlians I work with have young families and live in terraced housing which make up a significant proportion of Liverpool. Lots of these have small postage stamp back yards. However these Victorian terraces make up for that as even though they may appear thin they can go back a long ways. I have been in many which are deceptively cavernous and that can be a draw of this housing as opposed to dearer housing in other areas with a back garden further away from the aforementioned. I know of lots of adults with young families who come from tight knit communities with several families in the vicinity and choose to stay close as the benefits of employment , shorter travel times, having family near for helping with childcare and socializing etc. I have known a few over the years who have moved when they have had children to have a house with a garden but not a far way out into the countryside. I live in a semi rural ,rural village which is over a 1000 years old and I can be into Liverpool town center in 30 minutes on a good run. Whenever a colleague asked where I live and I tell them, I would say 9 times out of ten they have no idea where it is. I travel into towards the city for my work. I would guess that post the current climate that you may very well be correct that a move out of the rat race may be more appealing for more. One of my favorite videos from youtube. atb 7diaw Quote Link to comment Share on other sites More sharing options...
mgsontour Posted April 10, 2020 Report Share Posted April 10, 2020 3 hours ago, ditchman said: just thinkiing whilst out in the garden this afternoon....listening to the joyous crys of children in the gardens ....the parents are actually engaging with them...........sort of reminds me of the sounds 40 years ago.............. experts are saying the housing market is going to take a dive............ im just wondering if people in the cities and towns are going the revaluate their lives and going to move to the country ...where they have a garden and life seems to go on as more or less normal....as opposed to being cooped up in a prision flat or maisonnette....no garden no yard....just 4 walls looking out onto concrete and brick..............that..................if it happens may well see an increase in value of country side properties.............or at the least ...they wont go down.. thoughts I thought the same Quote Link to comment Share on other sites More sharing options...
washerboy Posted April 10, 2020 Report Share Posted April 10, 2020 2 hours ago, stumfelter said: I suppose a lot of the people with no garden can't afford anything else. Did the same last year and wish I'd have done it sooner. I can't afford to do it sooner Bungalows around here will be 30k more then the simalar build of house, age wise etc. I've been here 20 years nearly so should make a profit Quote Link to comment Share on other sites More sharing options...
Raja Clavata Posted April 10, 2020 Report Share Posted April 10, 2020 The estimate is that in excess of 100k people have tragically been lost to the virus globally. In the big scheme of things that's about 0.0013% of the world population - alone that isn't going to reduce demand by much. From an affordability perspective it's a different story of course but realistically I would think the main wedge that will be driven here is the gap between the haves and have nots. Whilst there may be a short to medium term dip I would expect the rough doubling of house prices every ten years, which has persisted since at least 1970, will continue. Houses in the country may become more attractive to those who can afford to move out, especially if the need to socially distance persists but personally I wouldn't envisage a major shift. Quote Link to comment Share on other sites More sharing options...
AVB Posted April 10, 2020 Report Share Posted April 10, 2020 2 minutes ago, Raja Clavata said: The estimate is that in excess of 100k people have tragically been lost to the virus globally. In the big scheme of things that's about 0.0013% of the world population - alone that isn't going to reduce demand by much. From an affordability perspective it's a different story of course but realistically I would think the main wedge that will be driven here is the gap between the haves and have nots. Whilst there may be a short to medium term dip I would expect the rough doubling of house prices every ten years, which has persisted since at least 1970, will continue. Houses in the country may become more attractive to those who can afford to move out, especially if the need to socially distance persists but personally I wouldn't envisage a major shift. Predicting house price impact is tricky but if this goes on for a while then I reiterate that the impact on the economy is going to be far far worse than many think. 50% drop in prices? Don’t be surprised. I hope not but, from an economic perspective, we are in very dangerous times. Houses may have doubled every 10 years from the 70’s but we could potentially see a depression as big as the Great Depression. It all hangs on how long lockdown lasts. Quote Link to comment Share on other sites More sharing options...
Raja Clavata Posted April 10, 2020 Report Share Posted April 10, 2020 Just now, AVB said: Predicting house price impact is tricky but if this goes on for a while then I reiterate that the impact on the economy is going to be far far worse than many think. 50% drop in prices? Don’t be surprised. I hope not but, from an economic perspective, we are in very dangerous times. Houses may have doubled every 10 years from the 70’s but we could potentially see a depression as big as the Great Depression. It all hangs on how long lockdown lasts. I agree on the economy aspect. Personally speaking I'm currently not concerned about the value of my house and if things go on indefinitely we'll all have much bigger things to worry about. But of course the flip side of any risk is opportunity. If the value of my house tanks but I am able to maintain my income then I get twice as much for my money if I decide to upgrade... Quote Link to comment Share on other sites More sharing options...
blackbird Posted April 10, 2020 Report Share Posted April 10, 2020 (edited) 4 hours ago, ditchman said: just thinkiing whilst out in the garden this afternoon....listening to the joyous crys of children in the gardens ....the parents are actually engaging with them...........sort of reminds me of the sounds 40 years ago.............. experts are saying the housing market is going to take a dive............ im just wondering if people in the cities and towns are going the revaluate their lives and going to move to the country ...where they have a garden and life seems to go on as more or less normal....as opposed to being cooped up in a prision flat or maisonnette....no garden no yard....just 4 walls looking out onto concrete and brick..............that..................if it happens may well see an increase in value of country side properties.............or at the least ...they wont go down.. thoughts Jesus we don’t want anymore of those city people moving into our villages they are bad news, keep them in their concrete jungles. Edited April 10, 2020 by blackbird Quote Link to comment Share on other sites More sharing options...
AVB Posted April 10, 2020 Report Share Posted April 10, 2020 2 minutes ago, Raja Clavata said: I agree on the economy aspect. Personally speaking I'm currently not concerned about the value of my house and if things go on indefinitely we'll all have much bigger things to worry about. But of course the flip side of any risk is opportunity. If the value of my house tanks but I am able to maintain my income then I get twice as much for my money if I decide to upgrade... Yes I will just be grateful for having a roof over my head. Even if you can afford to move the problem will be finding sellers especially as so many will be in massive negative equity. Quote Link to comment Share on other sites More sharing options...
Raja Clavata Posted April 10, 2020 Report Share Posted April 10, 2020 Just now, AVB said: Yes I will just be grateful for having a roof over my head. Even if you can afford to move the problem will be finding sellers especially as so many will be in massive negative equity. Sadly, that's true. Sadder still is that some will not only be in negative equity but also unable to meet their payments. Quote Link to comment Share on other sites More sharing options...
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