Thank goodness for Mervyn King!

trulysaintly

ruggedtoast wrote: »

<<<<< Fixed >>>>>>

There are some people on this forum who are, to be honest, just nasty individuals.

Actually, to put the record straight, as a qualified Mortgage Adviser, you have to complete FSA recognised examinations, complete regular quarterly assessments and complete annual compliance reviews.

Now, to be an estate agent........

trulysaintly

http://www.dailymail.co.uk/news/article-1041334/Now-experts-tell-homeowners-STOP-worrying-prices-rise-30.html

Another example of the Press - come on then, let's have it - explain now that 'oooh the press aren't to blame'....

drbeat

trulysaintly wrote: »

you have to complete FSA recognised examinations, complete regular quarterly assessments and complete annual compliance reviews

and a fat lot of good it did eh?

drbeat

trulysaintly wrote: »

Mr King’s comments came as the Bank boosted hope of cuts in interest rates by the end of the year, or early next year, that could offer some support to the slumping housing market.

you clearly don't get it do you? What on earth is a rate cut going to do? Do you seriously believe that the banks/building societys will pass it on? Our rates are still very low! Too low in fact! And what about inflation that is currently spiralling out of control? Just cut the rates anyway to "kick-start the mortgage market!"?

That's all I hear from you people - estate agents and mortgage advisors - is the same old rubbish..the "Rate Cut" is the answer to all our problems? The party is OVER - time for you to learn a new profession/trade!

drbeat

trulysaintly wrote: »

http://www.dailymail.co.uk/news/article-1041334/Now-experts-tell-homeowners-STOP-worrying-prices-rise-30.html

Another example of the Press - come on then, let's have it - explain now that 'oooh the press aren't to blame'....

Business must be booming eh? You must find it difficult to post during your hectic schedule, are the post times below in between your "Mortgage Advising"?

10:58
11:20
11:54
11:57
12:04

But then again, I have been busy myself. Whilst on the way to get my Sub of the Day I did notice the Mortgage Advisor next door has now "Ceased Trading". Do you think that was because he spent more time on here then selling self-certs???

LOL!!

carolt

trulysaintly wrote: »

Aw thanks.....:rotfl:

Never mind, having now seen some of Carolt's other posts I can only assume that she would only be happy with a 30% reduction in the property market.

Anyone else who may dare to have a different view on the future is apparently completely wrong...we'll see.

I'll remember the sympathies issue when I'm getting phone calls in the next year from people wanting to sort out their credit card and loan debts before they get repossessed....

But then, as professional advisers we don't do anything to help anyone but ourselves do we?

Absolutely. Couldn't agree more. But will you still be around on here to admit you were wrong?

The other thread on which we are currently chatting was discussing the notable absence of bulls denying prices could fall, compared to last year. As I said there, I thought this was an over-exaggeration, as you have proved admirably; but it is certainly true that those who 6 months or a year ago would laugh scorn in the face of anyone who suggested prices would fall at all, have...vanished in a puff of smoke.

So to get this clear, are you arguing
(a) that prices won't fall further
(b) that they'll only fall a leetle teensy-weensy bit? or
(c) that they will fall, but it makes no difference, and we should all buy, buy, buy now anyway?

Or a combination? If it's (b), then, at what point will you admit you were 'completely wrong'? If it's (c), then we agree in terms of falls, but I'll make my own decisions about when it's right for me to seek your services.

Or will you mysteriously disappear as prices plunge, like the rest of them?

harbinger13

Lets admit it - though King is trying to do something - nobody has a clue of how to curtail the crunch - every body is just reacting and having let the leash lose on the bankers for 10 years the Govt and Fed agencies are desperately trying to reel in the leash; only to realize it is long long way ahead.

Though in all practical sense it is difficult to let institutions to fall - but it is stupidity to keep placing water plugs on a bursting water main in sinking submarine several miles deep in the ocean.

When things were good - every body followed 'If aint broke dont fix it' - but people dont realise 'Bandaid economy does not get too far' either.

Let the rotten Apples fall in the Big Apple.

trulysaintly

drbeat wrote: »

you clearly don't get it do you? What on earth is a rate cut going to do? Do you seriously believe that the banks/building societys will pass it on? Our rates are still very low! Too low in fact! And what about inflation that is currently spiralling out of control? Just cut the rates anyway to "kick-start the mortgage market!"?

That's all I hear from you people - estate agents and mortgage advisors - is the same old rubbish! The "Rate Cut" is the answer to all our problems! The party os OVER - time for you to learn a new profession/trade!

Well yes.

The Bank's will have to pass it on, especially if you have a Tracker linked mortgage.

I haven't said that the 'rate cut' will solve all the problems - I highlighted that section because Carolt only posted the parts of the piece that suited her own agenda - conveniently missed out other relevant parts that didn't help her.

However, what it would do is ease the current pain that many homeowners are feeling with the cost of living as it is.

But of course, as advisers we don't know anything do we?

trulysaintly

drbeat wrote: »

Business must be booming eh? You must find it difficult to post during your hectic schedule, are the post times below in between your "Mortgage Advising"?

10:58
11:20
11:54
11:57
12:04

But then again, I have been busy myself. Whilst on the way to get my Sub of the Day I did notice the Mortgage Advisor next door has now "Ceased Trading". Do you think that was because he spent more time on here then selling self-certs???

LOL!!

No I was posting on here because people like you and Carolt were talking out of their !!!!!.

trulysaintly

carolt wrote: »

Absolutely. Couldn't agree more. But will you still be around on here to admit you were wrong?

The other thread on which we are currently chatting was discussing the notable absence of bulls denying prices could fall, compared to last year. As I said there, I thought this was an over-exaggeration, as you have proved admirably; but it is certainly true that those who 6 months or a year ago would laugh scorn in the face of anyone who suggested prices would fall at all, have...vanished in a puff of smoke.

So to get this clear, are you arguing
(a) that prices won't fall further
(b) that they'll only fall a leetle teensy-weensy bit? or
(c) that they will fall, but it makes no difference, and we should all buy, buy, buy now anyway?

Or a combination? If it's (b), then, at what point will you admit you were 'completely wrong'? If it's (c), then we agree in terms of falls, but I'll make my own decisions about when it's right for me to seek your services.

Or will you mysteriously disappear as prices plunge, like the rest of them?

Re-read the post....SLOWLY....

If you bought now, moved in, had a happy life, wonderful.

12 months later, you found out that the value had dropped £15k. Oh dear. But never mind, you're not looking to move anyway so you won't need to realise what equity you have.

Two years later (i.e after these current problems have relaxed) you decide to move home - potentially your property has increased in value - yippee!!

Do you really want me to make it any simpler for you?

IF YOU ARE NOT LOOKING TO MOVE HOME OR SELL UP IT YOU PROPERTY WILL RECOVER - IT DOES NOT MAKE ANY DIFFERENCE HOW LONG IT TAKES