Savills - No recovery for 8 years

Dithering_Dad

lostinrates wrote: »

BUT, I feel very strongly that if DH were not working in an environment that was challenging and stimulating it would be just as bad.

I must admit that I do like the constant change of scenery/working environment and the challenge of walking 'cold' into a completely new company and being expected to produce results. I guess in the US analogy, this is my 'bucket of money'. What I don't like is that fact that my is missus is like a single Mum and I'm a weekend Dad - it seems a poor sort of relationship to be apart so much. This is obviously my 'bucket of !!!!!!'.

I'm finding that at the moment, I'm finely balanced with both buckets, but as time goes by and my young family is growing up without me, one of the buckets will start to edge downwards, and it won't be the one full of money!

I dunno if you have children as yet, but perhaps your OH will feel the same eventually, though everyone has different priorities in life - mine being my family rather than purely my career. Plus there's no reason why one can't have both a family life and an interesting/challenging 'local' job.

lostinrates

Dithering_Dad wrote: »

I must admit that I do like the constant change of scenery/working environment and the challenge of walking 'cold' into a completely new company and being expected to produce results. I guess in the US analogy, this is my 'bucket of money'. What I don't like is that fact that my is missus is like a single Mum and I'm a weekend Dad - it seems a poor sort of relationship to be apart so much. This is obviously my 'bucket of !!!!!!'.

I'm finding that at the moment, I'm finely balanced with both buckets, but as time goes by and my young family is growing up without me, one of the buckets will start to edge downwards, and it won't be the one full of money!

I dunno if you have children as yet, but perhaps your OH will feel the same eventually, though everyone has different priorities in life - mine being my family rather than purely my career. Plus there's no reason why one can't have both a family life and an interesting/challenging 'local' job.

I hope it works out for you soon. No, we have no children (yet?). We were both brought up in an environment where we did not see our parents week days at least, often longer and made the decesion as a direct result that if children enter the picture I at least will be here for them and with them for at least the first 8-11 years. I suppose as well though, what we are used to has rubbed of a little in that we accept it as relatively normal, if not our preference, that for at least one of us to work away from home for long periods of time....the precident being set in generations above ours.

Jumping_Bean

I see you're happy to make predictions when it suits your argument:

justpurchased wrote: »

If you look at the + side it looks like prices will start increase in arround a years time. So a slow increase in prices from there on. So 20-30% recovery over 3 years, depending on how low prices drop.

But then when someone else does:

justpurchased wrote: »

No one knows

justpurchased wrote: »

You dont know like the rest of us.

justpurchased wrote: »

Did i mension a crytal ball no. I said you do not know.

Touch hypocritical don't you think?

Jumping_Bean

justpurchased wrote: »

So you would class buying a house in the 1990s as a mistake even though the peron purchased it as a home, have a small mortgage and there house is worth nearly twice what they purchased it for and the mortgage is less than half they could rent it for.(not me by the way)

Depends how you class as a mistake. You look at property as an investment not a home. Stick to renting or living with your parents if you dont like house ownership dont buy its up to you.

I see you've totally missed the point of what I was saying. I realise this is very probably deliberate but I'll try to explain it again anyway: I'm not saying it is/was a mistake to buy a house (Although at the moment it very probably is) what I'm saying is that as human beings we learn from the past yeah? ie we look at what has happened before and can use this information to form an opinion about what is likely to happen in similar scenarios in the future. Do you not do this? Do you really think that what's happened in the past can tell us absolutely nothing about the future? It's a fundamental part of learning. The only reason not to, would be if you couldn't quite face what's likely to happen.

justpurchased

Jumping_Bean wrote: »

I see you've totally missed the point of what I was saying. I realise this is very probably deliberate but I'll try to explain it again anyway: I'm not saying it is/was a mistake to buy a house (Although at the moment it very probably is) what I'm saying is that as human beings we learn from the past yeah? ie we look at what has happened before and can use this information to form an opinion about what is likely to happen in similar scenarios in the future. Do you not do this? Do you really think that what's happened in the past can tell us absolutely nothing about the future? It's a fundamental part of learning. The only reason not to, would be if you couldn't quite face what's likely to happen.

Deepends you can use figures to guestimate an outcome.
if I was asked to guess what a dice would role, learning from a mistake would make me guess the last roled number each time. But statisticaly i would go for a number which had been never rolled. You are mixing learning by mistakes and statistics. You can use either and still argue a good case for any outcome.

If every one could just use the last figures it would be easy and everyone would be working in the city!
I for one could not base every decision I made on the outcome of somthing nearly 20 years ago, i would use the data available to me today and my current situation.

justpurchased

Jumping_Bean wrote: »

I see you're happy to make predictions when it suits your argument:



But then when someone else does:







Touch hypocritical don't you think?

No that was just reading and processing what they had said in the article. if prices stop falling after one year and recover after 4. I read that as 3 years of gains.
If you want my opinion prices start to increase again early 2010 but that is my opinion. So I would not get any one to base there own personal decisions on that. As your own decisions should always be made to suit your personal circumstances and should be researched by you.
Because I dont know.

Dithering_Dad

lostinrates wrote: »

I hope it works out for you soon.

I'm sure it will, I entered into this sort of life when I started contracting as a 'means to an end'. We've dropped our mortgage by 25% since April 2007 and we're hoping to do the same again before the end of the MFi3 challenge in March 2010. Coupled with the investments I'm making into stakeholder pensions for myself and Mrs D, we should be pretty secure financially in 3 years hence.

I guess 5 year's worth of living out of a suitcase in exchange for being financially secure for life is a small price to pay.

Austin_Allegro

justpurchased wrote: »

Some one does know the future.
Is it David Icke, are you just having a stab in the dark like everyone else.
You dont know like the rest of us.

There's been a lot of this 'you don't know the future' stuff on here recently.

I am afraid it is a form of whistling in the dark in the hope that the bogeyman will go away.

Of course nobody can predict the future, but there is such a thing as educated guesswork - looking at economic/political events, seeing what different authorities make of them and weighing up the evidence to produce a workable hypothesis.

Most of the intelligent people on here seem to do this. The others seem to rely on received wisdom, cliches and ad hominem arguments.

The fact that the UK has the highest level of secured and unsecured debt in the entire world and we had a bank run last year - something that has not happened in this country for over a century despite world wars and recessions - might give one an indication that perhaps the future is not particularly bright...

Jumping_Bean

justpurchased wrote: »

Deepends you can use figures to guestimate an outcome.

At least we can agree on that.

justpurchased wrote: »

if I was asked to guess what a dice would role, learning from a mistake would make me guess the last roled number each time. But statisticaly i would go for a number which had been never rolled. You are mixing learning by mistakes and statistics. You can use either and still argue a good case for any outcome.

The outcome of rolling a dice is completely based on chance. There is no element to it that is not chance. Statistics are next to useless to you in this scenario but not everything in life is like this. Predicting where house prices are heading is nothing like rolling a dice.

justpurchased wrote: »

If every one could just use the last figures it would be easy and everyone would be working in the city!

I'm not saying "just use the last figures". I'm saying use ALL the information that's available to you. Where as you seem to be recommending only using current information.

If person A uses past information and current information to make his decision and person B just uses current information, who will make the most informed decision?

justpurchased wrote: »

I for one could not base every decision I made on the outcome of somthing nearly 20 years ago, i would use the data available to me today and my current situation.

You'd be much better off making your decisions based on ALL the information available to you and this would involve looking outside of your personal current situation. The World doesn't revolve around you and as such you're affected by things that have happened in the past whether you like it or not.

justpurchased

Austin_Allegro wrote: »

There's been a lot of this 'you don't know the future' stuff on here recently.

I am afraid it is a form of whistling in the dark in the hope that the bogeyman will go away.

Of course nobody can predict the future, but there is such a thing as educated guesswork - looking at economic/political events, seeing what different authorities make of them and weighing up the evidence to produce a workable hypothesis.

Most of the intelligent people on here seem to do this. The others seem to rely on received wisdom, cliches and ad hominem arguments.

The fact that the UK has the highest level of secured and unsecured debt in the entire world and we had a bank run last year - something that has not happened in this country for over a century despite world wars and recessions - might give one an indication that perhaps the future is not particularly bright...

:T Thanks you must of read my last post then.That I use statistics and my own personal circumstances so thanks for calling me intelligent. I just cant abide the fools who constantlly use newspaer articles as the gosple it is easy enough to do your own reaserch in your own area.
As for the future depends on what you are doing we are 30% up on last year. And I have no other bebt than a mortgage (will get punished for that no doubt.)