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First Time Buyer - How to Value a Property?

135

Comments

  • hutman
    hutman Posts: 104 Forumite
    Sellers might be desperate to cash in their windfall for the 1 bed shoe box on sale, but as OP says they're being inflexible.

    Thats because these couple of months represent the last of riding the wave - desperate they're hoping the ignorant to bite. The house of cards is about to come tumbling down if not for Carney's basement rates. Cant wait.
  • ReadingTim
    ReadingTim Posts: 3,970 Forumite
    Name Dropper First Anniversary First Post
    hutman wrote: »
    Thats because these couple of months represent the last of riding the wave - desperate they're hoping the ignorant to bite. The house of cards is about to come tumbling down if not for Carney's basement rates. Cant wait.

    You wanna get yourself over to housepricecrash.co.uk then - they've been waiting for over 10 years...
  • hutman
    hutman Posts: 104 Forumite
    Membership to the EU wasnt under threat 10 years ago.
  • ReadingTim
    ReadingTim Posts: 3,970 Forumite
    Name Dropper First Anniversary First Post
    hutman wrote: »
    Membership to the EU wasnt under threat 10 years ago.

    You're right. This time it's different. It's just around the corner. In fact, any time now....

    You mark my words. Any day now....

    Soon...be patient....

    and so on.
  • hutman
    hutman Posts: 104 Forumite
    What Im posting is not hyperbole - its backed up my market fundamentals which will reveal themselves to you via a simple google search. Even before the referendum conundrum London's housing bubble was completely out of tune with people's incomes. After brexit - we will simply have the necessary cooling effect (does a change in wording help you?). Population growth is overwhelmingly one the main contributors to the bubble - and whether you like it or not immigration will be right at the front of the queue when exit negotiations start.

    Seems like anytime the housing status quo is challenged on these forums - the outcome is mud slinging. I havent been around for 10 years, so cant entertain the countless anecdotes you may have amassed. Im a prospective FTB looking to assess my risks as i embark on the most important economic decision of my life. So i will assign as much cynicism and doubt as i want, provided i can back up my argument..
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    ReadingTim wrote: »
    You wanna get yourself over to housepricecrash.co.uk then - they've been waiting for over 10 years...


    Not for a buyer though, which would be slightly worse IMO, especially if you are attached to a massive debt.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    hutman wrote: »
    Membership to the EU wasnt under threat 10 years ago.


    Neither was the masses love affair with BTL.
  • ReadingTim
    ReadingTim Posts: 3,970 Forumite
    Name Dropper First Anniversary First Post
    hutman wrote: »
    What Im posting is not hyperbole - its backed up my market fundamentals which will reveal themselves to you via a simple google search. Even before the referendum conundrum London's housing bubble was completely out of tune with people's incomes. After brexit - we will simply have the necessary cooling effect (does a change in wording help you?). Population growth is overwhelmingly one the main contributors to the bubble - and whether you like it or not immigration will be right at the front of the queue when exit negotiations start.

    Seems like anytime the housing status quo is challenged on these forums - the outcome is mud slinging. I havent been around for 10 years, so cant entertain the countless anecdotes you may have amassed. Im a prospective FTB looking to assess my risks as i embark on the most important economic decision of my life. So i will assign as much cynicism and doubt as i want, provided i can back up my argument..

    Mate, it's your money and you don't have to argue with or justify it to anyone as to how you do, or don't spend it. And if you want to add your opinion to the well-rehearsed debate then expect to get counter-opinions expressed equally as strongly. But present your opinion as fact and dismiss others as anecdote then you're going to get some mud slung your way.

    The fact of the matter is that no-one can predict the future, so it's all crystal-ball gazing, but short of psychic ability, the only thing we have to go on is past performance, which, over the last 20 years, doesn't really back up your opinion much.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    ReadingTim wrote: »
    Mate, it's your money and you don't have to argue with or justify it to anyone as to how you do, or don't spend it. And if you want to add your opinion to the well-rehearsed debate then expect to get counter-opinions expressed equally as strongly. But present your opinion as fact and dismiss others as anecdote then you're going to get some mud slung your way.

    The fact of the matter is that no-one can predict the future, so it's all crystal-ball gazing, but short of psychic ability, the only thing we have to go on is past performance, which, over the last 20 years, doesn't really back up your opinion much.


    Still hard to deny that the UK property market would have collapsed without zero rates, or that it is showing signs of faltering now?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    hutman wrote: »
    What Im posting is not hyperbole - its backed up my market fundamentals which will reveal themselves to you via a simple google search. Even before the referendum conundrum London's housing bubble was completely out of tune with people's incomes. After brexit - we will simply have the necessary cooling effect (does a change in wording help you?). Population growth is overwhelmingly one the main contributors to the bubble - and whether you like it or not immigration will be right at the front of the queue when exit negotiations start.

    Seems like anytime the housing status quo is challenged on these forums - the outcome is mud slinging. I havent been around for 10 years, so cant entertain the countless anecdotes you may have amassed. Im a prospective FTB looking to assess my risks as i embark on the most important economic decision of my life. So i will assign as much cynicism and doubt as i want, provided i can back up my argument..


    Getting harder to do now though with any credibility as the MSM and most of the country have woken up to the fact that the property bubble needs to pop?
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