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Vultures will buy ANYTHING as long as it's CHEAP!!
pickledpink
Posts: 763 Forumite
I've noticed how so many people on this board are sitting on their hands waiting for a property they have their eye on to drop in price. Invariably, most of the properties are at the lower end of the price scale, and places that no-one would choose to buy unless they were desperate to get on the property ladder.
The ironic thing is that these same people say how stupid people are to buy a property - and yet they themselves are waiting with baited breath for a property to drop so they can get their own hands on it! If they truly believed property was a bad investment they wouldn't be sitting like vultures waiting to pounce!!!
It seems like the have-nots will snap up ANYTHING providing it's cheap! To me, that's sheer madness! And shrieks of desperation!!!
The ironic thing is that these same people say how stupid people are to buy a property - and yet they themselves are waiting with baited breath for a property to drop so they can get their own hands on it! If they truly believed property was a bad investment they wouldn't be sitting like vultures waiting to pounce!!!
It seems like the have-nots will snap up ANYTHING providing it's cheap! To me, that's sheer madness! And shrieks of desperation!!!
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Comments
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It's not buying property itself that is a bad (or good) investment. It depends entirely on the price. So a particular property may currently be priced such that it is a very poor investment. But in a year or two's time, the very same property may be priced differently, and then be a good investment.0
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A property being a nice place to live takes priority over its investment potential in my book, property as an investment is dead in the water for at least ten years I reckon.0
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These same people are the same ones that tell you not to buy the supermarket chickens but are at the front of the queue at ten to 4 on a Sunday when they have been marked down to 99p.
PS I look at a99p chicken as food and not an investment. (mid week Jennys curry usually)I came in to this world with nothing and I've still got most of it left. :rolleyes:0 -
pickledpink wrote: »I've noticed how so many people on this board are sitting on their hands waiting for a property they have their eye on to drop in price. Invariably, most of the properties are at the lower end of the price scale, and places that no-one would choose to buy unless they were desperate to get on the property ladder.
The ironic thing is that these same people say how stupid people are to buy a property - and yet they themselves are waiting with baited breath for a property to drop so they can get their own hands on it! If they truly believed property was a bad investment they wouldn't be sitting like vultures waiting to pounce!!!
It seems like the have-nots will snap up ANYTHING providing it's cheap! To me, that's sheer madness! And shrieks of desperation!!!
We all need to eat drink and live. When the price of bread water and wine goes up that's not good. So why is it good when the price of living goes up?
Madness, in any investment, is anything over 6%.I am not a financial advisor. Anything I post is basically just random stuff from my head. Digest it as you will. Being free of debt is good. Banks control us through debt. Caveat Emptor. Ignore anything I say. Oh and don't copy it either. Cheers. I'll have a Guinness extra cold.0 -
Did you have a bad day?
The urge to have your own place at some price must be quite strong for most people on this board or they wouldn't be here.
And for those who are already seeing that right price, it's hard to see something become more affordable but still want to buy at the best price. The conflict of interests must be pretty stressful.
They might be people who would have bought at last year's prices apart from fear of their investment falling in value, so are already trying hard not to buy.
I don't know who you are to judge what is suitable living accommodation. Perhaps you should set up surgery and everyone can run it past you before they buy something?Everything that is supposed to be in heaven is already here on earth.
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Yeah, why not - if you noticed most of the high street were having panic sales every couple of months, would you be first in line to pay full price for the latest collection..?0
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Oooh, sounds like we have moved to the anger stage
pickledpink wrote: »If they truly believed property was a bad investment they wouldn't be sitting like vultures waiting to pounce!!!
Nobody is saying property is inherently a bad investment. Buying property when it is incredibly overpriced and about to fall in value by significant amounts is a terrible investment.poppy100 -
Is there some sort of competition going on tonight? There's several strangely irrational posts out there by a few different posters.Everything that is supposed to be in heaven is already here on earth.
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pickledpink wrote: »Invariably, most of the properties are at the lower end of the price scale, and places that no-one would choose to buy unless they were desperate to get on the property ladder.
"Invariably" it is the case that "most" are something or other?
Whatever.
Keep taking the tablets!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
pickledpink wrote: »Invariably, most of the properties are at the lower end of the price scale, and places that no-one would choose to buy unless they were desperate to get on the property ladder.
...
If they truly believed property was a bad investment they wouldn't be sitting like vultures waiting to pounce!!!
Firstly, it's not really surprising that the houses they're looking at are at the lower end of the price scale considering the amount of FTBs who are priced out. As a group, they're hardly going to be going for huge mansions in expensive areas, are they?
Some people don't have the money for a huge house in a nice area - otherwise all of the nasty houses in nasty areas would be empty!
Secondly, believing that property is a bad investment obviously has a time scale attached to it. Saying "property is a bad investment" implies that even if someone offered you Buckingham Palace for 20p you wouldn't buy it. These people are waiting to pounce because they're aware that property is currently readjusting from being massively overpriced to being slightly more sanely priced, not because they don't want a house at all!0
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