In full swing

Paul_N_4

mr.broderick wrote: »

They are markets not posters.

Bull - confident market..market indices rising by 20% I think.

Bear - sleeping bull....

A bull market means bulls are in control. A bear market means bears are in control. Bull and Bear certainly relate to the people behind the markets, not the markets themselves.

EDIT:
Bull: http://www.investopedia.com/terms/b/bull.asp
Bears: http://www.investopedia.com/terms/b/bear.asp

mr.broderick

Paul_N wrote: »

A bull market means bulls are in control. A bear market means bears are in control. Bull and Bear certainly relate to the people behind the markets, not the markets themselves.

EDIT:
Bull: http://www.investopedia.com/terms/b/bull.asp
Bears: http://www.investopedia.com/terms/b/bear.asp

Thanks for the heads up paul but surely they are derived from the market term.

pickles110564

Just got back in from work, one hourly paid lad I know that has been trying to sell his two bed terrace house in Ipswich due to split up has just accepted offer of £112,000 sale price was 119,500.

mr.broderick

pickles110564 wrote: »

Just got back in from work, one hourly paid lad I know that has been trying to sell his two bed terrace house in Ipswich due to split up has just accepted offer of £112,000 sale price was 119,500.

Sounds like he did his job, would be looking to pay no more than 95k for something in that price region.

pickles110564

mr.broderick wrote: »

Sounds like he did his job, would be looking to pay no more than 95k for something in that price region.

He is well happy as there are loads in that range, means that they will both walk away with an excellant deposit on their new homes.

Snooze

pickles110564 wrote: »

4 bed detached on cavey park sold today for £171,000 these were flying off the shelve all day last summer for £210k. Agent said 3 bed detached have dropped from £190k to £150k.He was very relieved to get this sale through to completion and said he thinks that now we have hit the bottom, I told him not to be so sure.
He says he is going to ring around other customers on his books and ask them to reduce to same levels as he thinks everything will then start moving again.

This is stage 1 of pickles110564 master plan to be accepted in the bear clan! Don't be fooled folks! He's realised he's gonna end up with a large dollop on egg on his face soon and knows that !!!!!!?, brit1234 and dopester etc will rip him apart over it so he's stopped posting HPI posts now as is posting HPC ones instead, hoping that in a few months time no-one will remember him as the chief HPI bin lid banger !!! :rotfl:

We have long memory's, Mr. Green Shoots! :rotfl:

Rob

pickles110564

dannyboycey wrote: »

Does that house come with green shoots in the garden Pickles?

It just goes to say what along I have been quoting houses will sell for their correct value and they have started at well short of the price drop that you all have been quoting.
Perhaps even you would agree that Broders and I have been right all along?

pickles110564

Snooze wrote: »

This is stage 1 of pickles110564 master plan to be accepted in the bear clan! Don't be fooled folks! He's realised he's gonna end up with a large dollop on egg on his face soon and knows that !!!!!!?, brit1234 and dopester etc will rip him apart over it so he's stopped posting HPI posts now as is posting HPC ones instead, hoping that in a few months time no-one will remember him as the chief HPI bin lid banger !!! :rotfl:

We have long memory's, Mr. Green Shoots! :rotfl:

Rob

Boo Hoo! nobody loves me. Get real Snooze no HPC posts just balanced reporting as always.
Houses are selling and not falling as far as you dreamers have been preaching. You better hurry up and get on board or you will all be crying in your milk again and I will have to confiscate all your rattles when you start throwing them out of your prams.

pickles110564

dopester wrote: »

http://news.bbc.co.uk/1/hi/business/7487078.stm

And so it continues... it will be a cash only market at this rate in a year or so - or mortgages only for the best credit risks with hefty deposits.

So how will the STR's get back on board when they realise that the markets are not going to fall as much as the HPC'ers have been banging on about.Trying to scare people into accepting stupid prices for their homes.
Only can see tears on the horizon for the HPC Clan.:rotfl:

pickles110564

Gorgeous_George wrote: »

As prices fall, more and more people will struggle. This will lead to more repossessions and more losses for the financial institutions. As losses rise, new mortgage lending will almost dry up altogether.

I'm hoping it is just 40% from peak to minimise the damage to people's lives.

As an aside, in a rising market, everybody has the opportunity to make money. A falling market strongly favours the rich. The poor with green eyes will be less able to buy despite prices falling but they will 'enjoy' higher rents.

GG

Well done GG yet another well balanced post.
If people are jumping back on the ladder it looks like casulties will be kept to a minimum which is excellant news for everyone.
Poor old Z(dummo) will be most put out.