Housing market upturn?
20 September 2005, 04:32 PM
#61
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Originally Posted by davegtt
yeah but then they have to save £200+ a month for the next 25 years ontop of their morgage payment to be able to own their home at the end of it all 
Arnt we doing anything up to 50year morgages now anyhow? Surely the AVERAGE FTB (being early 20's?) should be able to look at this, reducing their morgage payments by nearly half....
Arnt we doing anything up to 50year morgages now anyhow? Surely the AVERAGE FTB (being early 20's?) should be able to look at this, reducing their morgage payments by nearly half....
20 September 2005, 04:34 PM
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Originally Posted by Deep Singh
If you guys think there are doom merchants on this thread /bbs try www.housepricecrash.co.uk. The guys there are bonkers!!!!!!!!!! People selling their houses and buying gold coins because they think the whole banking system is going to collapse. They then bury them in secret locations!! Its really worth having a look at this site just for a laugh
and thats where Mr Truthhurts has been quoting all his numbers from. how convienient...LOL
20 September 2005, 04:34 PM
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Originally Posted by davegtt
Like I say, you sit there and be smug that youve got something better than a 300k crappy house and better than the saps earning just 40k
You still don't 'get it' do you? The house price crash is ALREADY IN PROGRESS.
If you don't want to believe the FT then go do your research DUMBASS.
My figures aren't from houseprice crash either. They are directly from the FT. The people on houseprice crash are dreamers in the main. You're a ******* idiot davegtt I haven't quoted that site once.
20 September 2005, 04:40 PM
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Originally Posted by davegtt
yeah but then they have to save £200+ a month for the next 25 years ontop of their morgage payment to be able to own their home at the end of it all
Arnt we doing anything up to 50year morgages now anyhow? Surely the AVERAGE FTB (being early 20's?) should be able to look at this, reducing their morgage payments by nearly half....
Arnt we doing anything up to 50year morgages now anyhow? Surely the AVERAGE FTB (being early 20's?) should be able to look at this, reducing their morgage payments by nearly half....
He probably came from the same blinkered ignorant school as TruthHurts.
Anyway a long time ago it was suggested to me and I have found it to normally be true that those who are too weak of mind to be able to hold a decent debate and have to resort to name calling are probably a hell of a lot less intelligent than you. I stick to this and tend to ignore them from that point onwards.
One of the few good things that does come from a housing market cooldown ("crash" for GoofSquirts
) is that you see a lot of estate agents out of work, sorry to any on here but generally I find them parasitic morons that do **** all work and overcharge for the priviledge.
20 September 2005, 04:41 PM
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touchy touchy.... just having a giggle at that site actually... check this out, report from Andrew Oswald, Professor of Economics, Warwick University in November 2002...
http://www2.warwick.ac.uk/fac/soc/ec...ncynov2002.pdf
I advise you to sell your house and move into rented accomodation
I believe that house prices will continue to grow 5% until next summer of 2003. Then I expect British house prices to crash by around 30%
Last edited by davegtt; 20 September 2005 at 04:44 PM.
20 September 2005, 04:42 PM
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Originally Posted by robski
I had better personally, I was advised by a "financial adviser" that I should consider interest only as a means to mortgage my house. I thought oh here we go the usual endowment hard sell but no it got better "as you are one of the inheritance generation you dont need to actually consider how you are going to repay it, you will inherit all you need at a later date as unlike in our parents days we can expect large inheritances". I asked him to leave at this point.
He probably came from the same blinkered ignorant school as TruthHurts.
Anyway a long time ago it was suggested to me and I have found it to normally be true that those who are too weak of mind to be able to hold a decent debate and have to resort to name calling are probably a hell of a lot less intelligent than you. I stick to this and tend to ignore them from that point onwards.
One of the few good things that does come from a housing market cooldown ("crash" for GoofSquirts) is that you see a lot of estate agents out of work, sorry to any on here but generally I find them parasitic morons that do **** all work and overcharge for the priviledge.
He probably came from the same blinkered ignorant school as TruthHurts.
Anyway a long time ago it was suggested to me and I have found it to normally be true that those who are too weak of mind to be able to hold a decent debate and have to resort to name calling are probably a hell of a lot less intelligent than you. I stick to this and tend to ignore them from that point onwards.
One of the few good things that does come from a housing market cooldown ("crash" for GoofSquirts
) is that you see a lot of estate agents out of work, sorry to any on here but generally I find them parasitic morons that do **** all work and overcharge for the priviledge.The crash is happening as we type.........
20 September 2005, 04:43 PM
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Originally Posted by robski
Anyway a long time ago it was suggested to me and I have found it to normally be true that those who are too weak of mind to be able to hold a decent debate and have to resort to name calling are probably a hell of a lot less intelligent than you. I stick to this and tend to ignore them from that point onwards.
20 September 2005, 04:49 PM
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Spend, spend, spend. New kitchens, new cars, exotic holidays...the list goes on. The British homeowner released vast amounts of equity from their homes and went on a spending spree. This meant that we did not have the recession in 2001 which we should have done and also meant that the housing market was inflated even further which makes a major correction extremely probable.
20 September 2005, 04:58 PM
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You need to be careful with Net House Prices
Just put our postcode into it. According to it there have been a couple of houses sold (acutally only 1), and the average price is way under half the value of the asking price.
Either our neighbour was amazingly desparate (and a good liar), or they have their figures wrong
Just put our postcode into it. According to it there have been a couple of houses sold (acutally only 1), and the average price is way under half the value of the asking price.
Either our neighbour was amazingly desparate (and a good liar), or they have their figures wrong
20 September 2005, 05:01 PM
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Originally Posted by Flatcapdriver
Well, I'd be the first but so far I've been proven to be correct.
20 September 2005, 05:07 PM
#74
ive not see a crash so far, slight 5k decline maybe but no crash. Whos willing to start the ball rolling (or is that crashing ) cos i sure aint gonna lower our price
) cos i sure aint gonna lower our price
20 September 2005, 05:11 PM
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lol.. I'll admit Im wrong quite happily, WHEN Im wrong...but at this stage I do not believe we are going through a crash as the other guy reckons we are.... I said maybe in another 2 years we could be looking at it but at this moment in time there aint no crash happening. might be a slight correction in prices in some parts of the country but I dont call that a crash. its obvious to anybody that house prices are extraordinarily high and have to either stay as they are for the enxt 20 years or drop somewhat be be realistic. Im not saying otherwise.
20 September 2005, 05:12 PM
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Don't reckon a crash will take place. Its political suicide to allow it to happen, Labour knows this, and fall all that I hate them, they have taken a few good measures to take the steam out of the market.
I don't know anything about London, its a law unto itself. Sure, it tends to lead the rest of the country, but it also suffers from short knee jerk reactions that correct themselves which the rest of the country never feels (sometimes).
No crash for elsewhere, just a steady small decline for a while (maybe another year).
I don't know anything about London, its a law unto itself. Sure, it tends to lead the rest of the country, but it also suffers from short knee jerk reactions that correct themselves which the rest of the country never feels (sometimes).
No crash for elsewhere, just a steady small decline for a while (maybe another year).
20 September 2005, 05:20 PM
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PMSL @ unclebuck
I think they'll decline a little and plateau. I think FTB may then panic buy beyond their means thinking they ain't going to drop any more, at which point they'll go back up a little, then they'll drop a lot, screwing the FTBs completely.
I think they'll decline a little and plateau. I think FTB may then panic buy beyond their means thinking they ain't going to drop any more, at which point they'll go back up a little, then they'll drop a lot, screwing the FTBs completely.
20 September 2005, 05:21 PM
#79
before this goes on&on like housepricecrash et all, is anyone actually moving atm? if not what does it matter??? unless you *are* all in it for the profit waiting for that moment to scavenge...
20 September 2005, 05:21 PM
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Originally Posted by unclebuck
No crash for elsewhere, just a steady small decline for a while (maybe another year).
20 September 2005, 05:27 PM
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Originally Posted by Luminous
Would you like to revise your picture if I told you I was planning on buying a house this year?
20 September 2005, 05:32 PM
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Must admit if I was a FTB Id hang about for at least another year and review the situation, theyre not gonna climb anymore out of your reach, in that year you can save for a bigger deposit and you'll know if the housing market is going to save you some money or get on it next year
I was actually considering moving a couple of weeks back, went too look at a few places but decided against it for a while longer.
I was actually considering moving a couple of weeks back, went too look at a few places but decided against it for a while longer.
20 September 2005, 05:34 PM
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So the fact the market is stagnant in most areas, that prices are going to see a
"slight 5k decline maybe "
or
"might be a slight correction in prices in some parts of the country "
Combined with the fairly large drops we are seeing RIGHT NOW in the SE doesn't lead you to believe it's already underway?
A rose by any other name.....................
DUMBASSES.
"slight 5k decline maybe "
or
"might be a slight correction in prices in some parts of the country "
Combined with the fairly large drops we are seeing RIGHT NOW in the SE doesn't lead you to believe it's already underway?
A rose by any other name.....................
DUMBASSES.
20 September 2005, 05:38 PM
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Originally Posted by Luminous
Ah well, at least you are honest 
20 September 2005, 05:54 PM
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I've just read this thread from start to finish, found it very intersting (mostly) and have decided:
a) I'll leave the house-price predictions to the experts
b) It will only affect me IF I choose to sell
c) It's largely relative, if there is a nationwide downturn in house prices (i.e. not just the SE) then although houses will sell for less they can also be bought for less
d) TruthHurts has got a feeling of such self-importance it makes him (IMHO) one of the most arrogant and obnoxious users to post on this forum ... I agree that everyone is entitled to their opinion etc but to be so critical, offensive and above all egocentric is truely sad.
a) I'll leave the house-price predictions to the experts
b) It will only affect me IF I choose to sell
c) It's largely relative, if there is a nationwide downturn in house prices (i.e. not just the SE) then although houses will sell for less they can also be bought for less
d) TruthHurts has got a feeling of such self-importance it makes him (IMHO) one of the most arrogant and obnoxious users to post on this forum ... I agree that everyone is entitled to their opinion etc but to be so critical, offensive and above all egocentric is truely sad.
20 September 2005, 05:59 PM
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Originally Posted by P1-Brad
d) TruthHurts has got a feeling of such self-importance it makes him (IMHO) one of the most arrogant and obnoxious users to post on this forum ... I agree that everyone is entitled to their opinion etc but to be so critical, offensive and above all egocentric is truely sad.
I don't have a feeling of self importance as you put it, I AM IMPORTANT, end of story.
Can't wait to come crowing on here when I'm proved right........I remember the days people here were saying how great it will be to invade Iraq and how it will all be cleared up in a few months as the grateful Iraqi people embrace democracy.
They were wrong, I was right. Same case here.