Housing market upturn?
20 September 2005, 06:20 PM
#91
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Originally Posted by TruthHurts
'Truly'
I don't have a feeling of self importance as you put it, I AM IMPORTANT, end of story.
I don't have a feeling of self importance as you put it, I AM IMPORTANT, end of story.
I think you'll find that "I AM IMPORTANT" constitutes a feeling of self-importance...!
And I thought English language was your speciality, to contradict yourself so blatantly was a bit of a school-boy error!!
20 September 2005, 06:26 PM
#93
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As a FTB who's just exchanged contracts on a new build property, this topic covers pretty much every arguement I've had with myself over the last couple of months.
Obviously my biggest fear is a price crash, now this may or may not happen. In the end I've purchased a property I want to live in for possibly the next twenty years. And that's the key surely, to buy somewhere as a home that you can afford, whether it becomes a good investment should always be a secondary consideration.
House prices will always rise and fall, but over the life of a mortgage they will always be worth more at the end than they were at the start, and in our country of rapidly increasing population and limited land space this will always be the case.
As for me renting while waiting for the market to possibly move in my favour.....no thanks. Completely dead money and who's to say the market will even fall enough to cover the rent you've paid out.
Obviously my biggest fear is a price crash, now this may or may not happen. In the end I've purchased a property I want to live in for possibly the next twenty years. And that's the key surely, to buy somewhere as a home that you can afford, whether it becomes a good investment should always be a secondary consideration.
House prices will always rise and fall, but over the life of a mortgage they will always be worth more at the end than they were at the start, and in our country of rapidly increasing population and limited land space this will always be the case.
As for me renting while waiting for the market to possibly move in my favour.....no thanks. Completely dead money and who's to say the market will even fall enough to cover the rent you've paid out.
Last edited by Newbie123; 20 September 2005 at 06:32 PM.
20 September 2005, 07:44 PM
#94
what job do you TH? or are you PSL having a wind up by any chance 
we've been looking to move so actively looking at the market for the past year. There is no crash not then & not at the moment here in the SE. Ours is on the market now as we want to move now and will do when we find the right crappy 300k house for us
edited: you DUMBASS
we've been looking to move so actively looking at the market for the past year. There is no crash not then & not at the moment here in the SE. Ours is on the market now as we want to move now and will do when we find the right crappy 300k house for us
edited: you DUMBASS
Last edited by InvisibleMan; 20 September 2005 at 07:46 PM.
20 September 2005, 08:06 PM
#96
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Theres no crash at all .... house prices are about to BOOM!!!
Buy NOW!! Buy NOW!! Buy NOW!!
Or so the house builders are saying ....................... and that should REALLY worry you!
House builders do NOT pay stamp duty, landscape gardens, decorate and offer heavy discounts if they are sitting on new builds in a rising market!!
Only the VERY, VERY stupid believe prices are still rising ...................
Pete
Buy NOW!! Buy NOW!! Buy NOW!!
Or so the house builders are saying ....................... and that should REALLY worry you!
House builders do NOT pay stamp duty, landscape gardens, decorate and offer heavy discounts if they are sitting on new builds in a rising market!!
Only the VERY, VERY stupid believe prices are still rising ...................
Pete
20 September 2005, 08:14 PM
#99
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Can't see what all the fuss is about. 
I'm on a little more than what TruthHurt considers poor mans wages as I earn £42k a year with a joint income of around £52k
My house in the "North" is probably worth around £125k but I bought in 14 years ago for £40k with a £36k mortgage. I have plenty of space, to big a garden, a garage and enough drive space to park another three cars.
Am I moving or selling. No.
Am I worried that my £42k salary won't pay the mortgage. No
Am I worried about my house loosing 20% Value. No
I bought somewhere to live comfortably for many years not just as an investment.
If people want to spend half a million on a flat with the right postcode that's upto them but please realise that the majority of the country couldn't give a damn if the city boys come unstuck.
Cheers
Lee
I'm on a little more than what TruthHurt considers poor mans wages as I earn £42k a year with a joint income of around £52k
My house in the "North" is probably worth around £125k but I bought in 14 years ago for £40k with a £36k mortgage. I have plenty of space, to big a garden, a garage and enough drive space to park another three cars.
Am I moving or selling. No.
Am I worried that my £42k salary won't pay the mortgage. No
Am I worried about my house loosing 20% Value. No
I bought somewhere to live comfortably for many years not just as an investment.
If people want to spend half a million on a flat with the right postcode that's upto them but please realise that the majority of the country couldn't give a damn if the city boys come unstuck.
Cheers
Lee
20 September 2005, 08:16 PM
#100
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Originally Posted by Luminous
So Pete, how do you know all this? Been trying to buy a house of a builder recently? 
Pete
20 September 2005, 08:37 PM
#101
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Builders offer some great discounts for a number of reasons, first houses on an estate, last few etc
They often reduce at certain times of the year (just before financial year end for example) etc etc..
Oh yeah and when they see a problem looming....
BUT
they make so much money on the ones they sell at advertised or near to advertised price its already built into the equation anyway. They expect to have to sell a number at below the advertised prices and have no problem doing so. Its all about shifting houses to them, they don't want to keep sites open any longer than necessary as it does cost them financially to do so.
Its all supply and demand, they stimulate the demand with a few price cuts simple. Just take a look at the earnings of some decent house bulding cos and you will see what I mean. Its just shifting as many as fast as they can.
Someone who used to work for me got 20% off the price of a house during the heydays of 20+% increases pa, as they wanted to shift that house before the financial year end so he had 3 weeks to complete or lose the discount. Talk about stress when people mess about in the chain lol
They often reduce at certain times of the year (just before financial year end for example) etc etc..
Oh yeah and when they see a problem looming....
BUT
they make so much money on the ones they sell at advertised or near to advertised price its already built into the equation anyway. They expect to have to sell a number at below the advertised prices and have no problem doing so. Its all about shifting houses to them, they don't want to keep sites open any longer than necessary as it does cost them financially to do so.
Its all supply and demand, they stimulate the demand with a few price cuts simple. Just take a look at the earnings of some decent house bulding cos and you will see what I mean. Its just shifting as many as fast as they can.
Someone who used to work for me got 20% off the price of a house during the heydays of 20+% increases pa, as they wanted to shift that house before the financial year end so he had 3 weeks to complete or lose the discount. Talk about stress when people mess about in the chain lol
20 September 2005, 08:38 PM
#102
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Originally Posted by dpb
TH aka Nacro - will have us believe he risides in sunny spain having gotten out of the market at the top of the boom.......
20 September 2005, 09:24 PM
#103
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robski .............. so, let me understand your logic - what you are saying is that Builders sell at lower prices but they don't have to as they can sell for the full price over and over again???
Breaking news everyone!!!! House Builders are now registered charities!!!
Pete
Breaking news everyone!!!! House Builders are now registered charities!!!
Pete
Last edited by pslewis; 20 September 2005 at 09:29 PM.
20 September 2005, 09:39 PM
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Originally Posted by Vegescoob
It's interesting that the price of what should be a mere utility, ie. a place to live, can produce such passion.
I think we've gone way beyond a house being defined as a place to live, it's now more an 'I can pee up the wall higher than you' contest by someone who can't post without resorting to pathetic childish name-calling.
20 September 2005, 09:40 PM
#106
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Most of the wealth in this country is tied up in this mere 'Utility'!!!
So, its hardly surprising!!
It's what makes me a millionaire after all!
Pete
So, its hardly surprising!!
It's what makes me a millionaire after all!
Pete
20 September 2005, 09:47 PM
#107
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Originally Posted by pslewis
Most of the wealth in this country is tied up in this mere 'Utility'!!!
So, its hardly surprising!!
It's what makes me a millionaire after all!
Pete
So, its hardly surprising!!
It's what makes me a millionaire after all!
Pete
For it is unproductive wealth.
Not the way this country prospered in the past.
Now me, I like tulip bulbs.
20 September 2005, 09:48 PM
#108
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Originally Posted by scoob_babe
I think we've gone way beyond a house being defined as a place to live, it's now more an 'I can pee up the wall higher than you' contest
20 September 2005, 09:56 PM
#110
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Originally Posted by Dieseldog
Nahh mate, that's been and gone. Nutmeg's where it's at these days squire.
I can't say what the in thing is now otherwise I'll be out of date
20 September 2005, 10:06 PM
#113
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Originally Posted by Luminous
Cabbage <nods>
Tis the next best thing....and I have a field full of it
Tis the next best thing....and I have a field full of it
20 September 2005, 10:27 PM
#116
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Originally Posted by pslewis
Most of the wealth in this country is tied up in this mere 'Utility'!!!
So, its hardly surprising!!
It's what makes me a millionaire after all!
Pete
So, its hardly surprising!!
It's what makes me a millionaire after all!
Pete
After all, it's generally an asset you'll never realise the value on.
However, if you have £1m worth of easily realisable assets not including your primary residence, then I'd be more inclined to let you call yourself something close to a millionaire.
20 September 2005, 10:31 PM
#117
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Originally Posted by imlach
then I'd be more inclined to let you call yourself something close to a millionaire.
Pete
20 September 2005, 10:32 PM
#118
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Originally Posted by pslewis
And what makes you think I give a flying fooook what you think??
Pete
Pete
