Times Newspaper Report Advises To Buy Property Now!

pickledpink · 5 August 2008 at 9:37AM

http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article4434860.ece

Dithering_Dad · 5 August 2008 at 9:47AM

It's usually the case that if everyone is telling you to do something (like jumping on the BTL band waggon), you've already missed the boat.

With property on its knees and shares in the same position, now could well be the time to start thinking about buying. The very fact that the 'herd' is saying 'don't buy' makes me believe that perhaps we should.

I'm certainly taking more of an interest in property now that they have lost value than I ever did during the boom. I can't be alone in this.

Pobby · 5 August 2008 at 9:54AM

I for one would not consider buying property right now. After many years of boom we are only about 12 months into the down cycle. How long to get to the bottom is anyones guess. Having removed the silly teaser deals, generous fixed rates, 125% ltv mortgages and much tightening from the banks I think this story is only just unfolding.

ultra10 · 5 August 2008 at 9:57AM

Anyone who buys now who doesnt have too is very foolish... End off .. Articles of this nature are simply a Journo's opinion.. & a very ill informed one at that

carolt · 5 August 2008 at 10:37AM

Let's see whose opinions are given in the article, and what they do for a living:

1. Liam Bailey, Knight Frank's head of research, suggested this week that, just as cash-strapped homeowners are most inclined to avert their eyes, the biggest bargains may be emerging.

2. Paul Tabor, of the property finders Garrington, agrees that cash-rich predators are “rubbing their hands with glee”. He expects the juiciest bargains to emerge within six months, while Bailey tips autumn next year as the turning point.

3. The mortgage expert Ray Boulger, of Charcol, is unexpectedly upbeat: the past month has been “encouraging”, with swap rates peaking and the cost of some deals easing.....He says: “The challenge for buyers - who will, in the main, hold off until it's too late - is to get in while it's a buyers' market.”

So an estate agent, a property finder and a mortgage broker all tell us to leap in and buy before it's too late. Of course, they have absolutely no vested interest in talking up the market, do they? :rolleyes:

What a joke! :rotfl::rotfl::rotfl:

Dithering_Dad · 5 August 2008 at 10:44AM

carolt wrote: »

Let's see whose opinions are given in the article, and what they do for a living:

1. Liam Bailey, Knight Frank's head of research, suggested this week that, just as cash-strapped homeowners are most inclined to avert their eyes, the biggest bargains may be emerging.

2. Paul Tabor, of the property finders Garrington, agrees that cash-rich predators are “rubbing their hands with glee”. He expects the juiciest bargains to emerge within six months, while Bailey tips autumn next year as the turning point.

3. The mortgage expert Ray Boulger, of Charcol, is unexpectedly upbeat: the past month has been “encouraging”, with swap rates peaking and the cost of some deals easing.....He says: “The challenge for buyers - who will, in the main, hold off until it's too late - is to get in while it's a buyers' market.”

So an estate agent, a property finder and a mortgage broker all tell us to leap in and buy before it's too late. Of course, they have absolutely no vested interest in talking up the market, do they? :rolleyes:

What a joke! :rotfl::rotfl::rotfl:

Sorry Carol, but who would you expect to be commenting on Property - A soldier, a sailor and a candle stick maker?

I receive notification on share prices and best buys from stockbrokers, who are saying that many shares are at much lower prices than they should be, simply because of an over-reaction in the markets. Am I to disbelieve these experts because they're stockbrokers and have a vested interest in talking up the market?

While the estate agent, a property finder and a mortgage broker may have a vested interest in talking up the market, a certain person with no qualifications and no work experience in finances has definite vested interest in talking down the market. Still looking for your bargain house Carol? :rotfl:

carolt · 5 August 2008 at 10:54AM

Since when do stockbrokers have a vested interest in all the companies they promote? I believe that's called 'insider trading' and is illegal. You need to get a different stockbroker.....

Oh, and as you well know, I'm not looking to buy my bargain house for another couple of years at least, as I'm waiting for prices to fall MUCH further.

Still attacking women on the internet? You could do something useful with all your free time - like help your poor overworked wife with some of the dusting and learn to cook.... :rotfl: Or look up 'insider trading'....... :rotfl:

pickledpink · 5 August 2008 at 11:03AM

Carolt

You're welcome to your personal opinion, but that's all it is - YOUR personal opinion.

But given how you claim to be so savvy (and given that you're no spring chicken) I'm surprised you never got your foot on the property ladder years' ago!:D Why at your age are you bothering?

By the time you finally make the jump you'll be looking at retirement homes....................I'd ditch the idea if I were you.:money:

Dithering_Dad · 5 August 2008 at 11:06AM

carolt wrote: »

Since when do stockbrokers have a vested interest in all the companies they promote? I believe that's called 'insider trading' and is illegal. You need to get a different stockbroker.....

This statement tells me you know nothing about the financial world. :rolleyes:

carolt wrote: »

Oh, and as you well know, I'm not looking to buy my bargain house for another couple of years at least, as I'm waiting for prices to fall MUCH further.

Hence your closed mind towards any opinion other than your own "Houses are going to fall much further for two years, because I need them to in order to afford a house", scientic approach.

carolt wrote: »

Still attacking women on the internet? You could do something useful with all your free time - like help your poor overworked wife with some of the dusting and learn to cook.... :rotfl: Or look up 'insider trading'....... :rotfl:

I didn't realise I was 'attacking' you. If people respond to your posts, giving an alternate view, do you think it's an attack? In the real world, if people have a different viewpoint from you, do you report them to the Police?

If you feel victimized because people 'quote' your posts and offer an alternate viewpoint, then perhaps you shouldn't post on a forum?

carolt · 5 August 2008 at 11:09AM

Oh give over DD before I post the link to the recent thread where you made such a prat of yourself.

adr0ck · 5 August 2008 at 11:13AM

carolt wrote: »

Still attacking women on the internet?

i don't see an "attack" as you call it carolt

or is someone replying to your posts attacking you if they don't necessarily agree with you?

and what has it got to do with women?

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Times Newspaper Report Advises To Buy Property Now!

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