N Ireland house prices down 18.6%!

Bigcammy

Enough of the sniping, especially starting to get personal and bringing religion into it. We don't need this and don't want it. There's bigotry on both sides and this isn't the place to address it.

belfastgirl23

Bigcammy wrote: »

Enough of the sniping, especially starting to get personal and bringing religion into it. We don't need this and don't want it. There's bigotry on both sides and this isn't the place to address it.

You said it.

steveymp

Bigcammy wrote: »

Enough of the sniping, especially starting to get personal and bringing religion into it. We don't need this and don't want it. There's bigotry on both sides and this isn't the place to address it.

Totally agree, but have never brought religion into any of my posts and never would and I am also NOT a bigot;)

tara747

Thanks to whoever deleted those other posts.

Anecdotal alert! I was chatting to a colleague today, whose neighbour can't sell their house after 9 months on the market. They've now reduced it to within £10K of what my colleague paid for hers (she obviously thought that her street was immune to price drops!!)... and she is RAGING. It was quite funny! 'I mean, how dare they... it'll affect the value of my house' etc.

leftieM

tara747 wrote: »

Thanks to whoever deleted those other posts.

Anecdotal alert! I was chatting to a colleague today, whose neighbour can't sell their house after 9 months on the market. They've now reduced it to within £10K of what my colleague paid for hers (she obviously thought that her street was immune to price drops!!)... and she is RAGING. It was quite funny! 'I mean, how dare they... it'll affect the value of my house' etc.

How selfish of someone to drop the price of their house merely to sell it!
If we all stand firm and hold out for the 2007 price then no-one will sell a house and we can all convince ourselves that our house is still worth loads. My plan can't fail.

Colin_Kee

As no doubt previously stated so many times before, it's about time people started to see a house as a HOME & not some sort of Cash Cow to make a quick buck!! No matter what you pay(ed) for your house, as long as you can afford the repayments and you are planning to stay put for a while it'll all work itself out. It always does.

In 40 years time when the minimum wage is £15/hr we'll all look back and think, boy times were hard back then (OK those of us still alive will... sorry to all you old farts over 40!! ha)... We couldn't go on holiday for two years in a row.. we had to stay at home and play playstation games (Other computer consoles are available) on our 38" TV and resort to watching sky movies at night... yeah really hard times....

When the government starts Rationing again, then people will have the right to grumble about hard times again. Until then people just have to re-adjust their attidudes towards spending and cheap credit..

If your in a situation where you can't afford your mortgage (Sorry to say) but you have to take a lot of the blame yourself. I know the banks have a lot to answer for but you can't just blame them.. I know on some mortgage calculation sites (eg BBC mortgage calculator) when you put in the amount you want to borrow to work out your re-payments there is a little footer saying "Remember at 12.5% your payments will be £..... OK we're a long way of 12.5% but nobody ever pays much attention to that...

Tighten the belts folks and prepare for a bumpy ride!!

chunter

As an estate agent said to me this week..
"Too late to sell, too early to buy"

And as an assistant bank manager said to me this morning,
"I hate this job. I've sent back 150 cheques yesterday morning. I just get constant calls from people asking for their overdraft extended because they can't afford to go to to Tesco.
"The Big bucks in First Trust/Ulster Bank (not sure) Head Office say no more extending overdrafts..

My polish mechanic has gone - claimed his tax back and went home. Said
"No money". I assume he was talking about his customers not being able to pay.

The huge numbers of reduncancies announced out by both the Irish and English building companies hide the huge amount of self employed who have no contracts to service.

The perfect storm.

Guarantee the numbers doing the lottery go up substantially.
Diagio's profits will go through the roof too.

It's going to be some winter....

But, on the bright side, at least the banks are getting their dues. They handed some poor fool 300,000 for a house that's worth 150,000 pounds. Even if they take the house back they're still down 150,000.. all for short term commissions...

leftieM

chunter wrote: »

As an estate agent said to me this week..
"Too late to sell, too early to buy"

That about sums it up.

tara747

Colin_Kee wrote: »

As no doubt previously stated so many times before, it's about time people started to see a house as a HOME & not some sort of Cash Cow to make a quick buck!! No matter what you pay(ed) for your house, as long as you can afford the repayments and you are planning to stay put for a while it'll all work itself out. It always does.

In 40 years time when the minimum wage is £15/hr we'll all look back and think, boy times were hard back then (OK those of us still alive will... sorry to all you old farts over 40!! ha)... We couldn't go on holiday for two years in a row.. we had to stay at home and play playstation games (Other computer consoles are available) on our 38" TV and resort to watching sky movies at night... yeah really hard times....

When the government starts Rationing again, then people will have the right to grumble about hard times again. Until then people just have to re-adjust their attidudes towards spending and cheap credit..

If your in a situation where you can't afford your mortgage (Sorry to say) but you have to take a lot of the blame yourself. I know the banks have a lot to answer for but you can't just blame them.. I know on some mortgage calculation sites (eg BBC mortgage calculator) when you put in the amount you want to borrow to work out your re-payments there is a little footer saying "Remember at 12.5% your payments will be £..... OK we're a long way of 12.5% but nobody ever pays much attention to that...

Tighten the belts folks and prepare for a bumpy ride!!

Well said. Also had a giggle at leftieM's post!

motorguy

talksalot81 wrote: »

I just love being right on here! So a big rasberry to all those on here who, 18 months ago, told me that prices absolutely and definitely would never fall.

Was wondering how far it would be into this post that you start banging the drum yet again that you were the only person in the entire world who predicted that house prices in northern ireland werent sustainable and would drop, made all the more interesting that if you did predict that accurately based on calculation moreso than randomness you would actually have benefitted from the market uplift and jumped ship before the downturn, and thus wouldnt have to write comments like...

talksalot81 wrote: »

I cannot afford my own home