Denial to Acceptance on MSE

WTF?_2

Let's start a house-price-rise-predict-o-meter:

As of Aug 2008: I say bottoming in 2010, stagnant for about 2 years with the rise beginning 2012/13 and 2007 peaks regained in 2016/17.

dudleyboy

!!!!!!? wrote: »

Kristian, some people post here because they want to engage in debate and discussion about a subject which affects and interests them.

Others just get a kick out of arguing and having a go at other people.

And some, like me, enjoy a little bit of both... :D

beingjdc

!!!!!!? wrote: »

Let's start a house-price-rise-predict-o-meter:

As of Aug 2008: I say bottoming in 2010, stagnant for about 2 years with the rise beginning 2012/13 and 2007 peaks regained in 2016/17.

I broadly agree with this. I think probably a bit longer to regain the peak, but it depends on wider inflation - if it stays at 5% then clearly it'll be quicker to get there while houses are still a lot cheaper in real terms.

ruggedtoast

I went back to housepricecrash for a bit yesterday. Gah, its a horrible place now. All tin foil hats, mail order brides and bitterness.

Max_Headroom_3

Conrad wrote: »

I have the advantage in my business role of being able to converse with experienced property investors, and the general consensus is to buy now, and not allow such a rare gift to pass by. The opportunity to take advantage of desperate sellers only comes along once every 15 years or so.

It is of no surprise at all to me that "property investors" who've seen themselves get rich quickly on paper (ie the "value" of their properties) only to see it now slipping away from them fast, have convinced themselves that this is a "rare gift to buy", "only comes along briefly every 15 years" etc, and is just about to turn around for them.

Because ultimately they need things to go back to how they've been over the last five years or so to get back to where they were (indeed to survive financially at all in many cases).

However the last five years were not normal. They were an artificial creation of very lax lending and house price increase hype. Imagine the dot com boom (where so many people were buying just because prices were going up so fast, and prices were going up that fast because so many people were buying) but for the ordinary man and fuelled by the banks hurling money at people to buy more shares as it was "such a good investment". Well that's the housing market over the last five years.

So yes, I can believe the "experienced investors" believe things will "return to normal", but I wonder how many of those "experienced investors" actually experienced the last downturn, and I wonder whether the return to normal will be the normal they ferverently hope for...

mr.broderick

kristianwilliams wrote: »

coming from the guy that told me "To go away until I was debt free" before I could discuss the economy and matters. Dismissing me because of that when my point of view did not match yours of "House prices will not fall" argument?????

I have definitley been misquoted here.
I vaguely remember you getting the wrong end of the stick and getting all defensive, you reminded me of a 15 year old if i remember so i do not appreciate you coming on here 4 months later and turning it all around on me.. Weirdo.. Get back down your hole.

mr.broderick

!!!!!!? wrote: »

Kristian, some people post here because they want to engage in debate and discussion about a subject which affects and interests them.

Others just get a kick out of arguing and having a go at other people.

!!!!!! are you putting me in the latter bracket? If so I am going to get very annoyed with you. Your 'please thank me because i am so pure posts' are really beginning to irritate me you phony.

WTF?_2

mr.broderick wrote: »

!!!!!! are you putting me in the latter bracket? If so I am going to get very annoyed with you. Your 'please thank me because i am so pure posts' are really beginning to irritate me you phony.

Hmmmm...

:whistle:

mizzbiz

I believe I have started the next round of scuffling.............oh dear!

carolt

There there, don't feel guilty. But as I said, I felt your initial assessment was a little rosy-tinted. A certain poster likes to pick as many fights as possible, (3 so far in this thread, and counting), and house prices don't really come into it.

But who cares, when house prices are falling? That's why we're here, of course.