Savills - No recovery for 8 years

Jumping_Bean

justpurchased wrote: »

As for the future depends on what you are doing we are 30% up on last year.

Do you mean your house is worth 30% more than it was last year? If so, 30% in a year? While average prices have dropped 10%? Firstly, I very much doubt that. Secondly, I though it was a home not an investment (How many times I have I heard that, normally followed by something about a crystal ball) why would you care if it's gone up 30%?

justpurchased

Jumping_Bean wrote: »

At least we can agree on that

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?



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.

You should buy some shares just look at what building firms and banks used to be worth forget there current figures and market condtions.
In any market they use current figures it is the press who goes back to the past to draw similaritys it is human nature, "I dont know what is happening what is the closet thing to it!" You have to use current data, do you buy a car on what it was worth when it was new, not on its current condition and millage!
I cant see were your argument would stand up anyware financial!

As for decisions that involve me and my family the world does revolve arround us and i am not asking anyone else to make a decision arround my oppinions as they are my oppinions! So I do not affect anyone else.

justpurchased

Jumping_Bean wrote: »

Do you mean your house is worth 30% more than it was last year? If so, 30% in a year? While average prices have dropped 10%? Firstly, I very much doubt that. Secondly, I though it was a home not an investment (How many times I have I heard that, normally followed by something about a crystal ball) why would you care if it's gone up 30%?

No god is eveything about houses, the company i work for meaning my job is fairly secure, good performance hard times etc. Get up earlier you might get one over on me then.:rotfl:

Austin_Allegro

justpurchased wrote: »

: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.)

Good for you. The fact remains though that 'you don't know the future' is a poor substitute for an argument and borders on ad hominem. It just seems to me to be a sign of increasing desperation by the bull faction.

Jumping_Bean

justpurchased wrote: »

So when will you buy 18 months after they start going up! There are no awards for being almost right is there. You either buy a home or you dont. I purchased in 01, sold it for 5% off peak price (Sold April Compleated July) and purchased a larger home last month for 30% below peak

I apologise... You're not saying your house has gone up 30%.

I'm curious though, where did you get the 30% / 5% figures from? Asking prices?

And also why do you care if it's a home and not an investment, as your so keen to point out?

justpurchased

Jumping_Bean wrote: »

I apologise... You're not saying your house has gone up 30%.

I'm curious though, where did you get the 30% / 5% figures from? Asking prices?

And also why do you care if it's a home and not an investment, as your so keen to point out?

30% equivelent property sold on land registry. 5% we were going to move a year ago (may07) before my son was born, so had estate agents round.
I want to get the best deal for my family i have no doubts property will fall up to 30% perhaps more i dont know but i would rarthe get rid of that loss now and take advantage of current market conditions.I could be wrong but no one should get upset I made my own decision. I have a house now (whic I could of never dreamed of owning 12 months+ ago) I can see no reason for ever moving out of unless i am in a box.

Jumping_Bean

justpurchased wrote: »

You should buy some shares just look at what building firms and banks used to be worth forget there current figures and market condtions.

I'm saying use ALL the info. Did I say forget current figures? What bit don't you get?

justpurchased wrote: »

In any market they use current figures it is the press who goes back to the past to draw similaritys it is human nature, "I dont know what is happening what is the closet thing to it!"

By your logic then current figures would indicate that prices will continue to fall at the current rate forever. Do you see where you trip yourself up?

justpurchased wrote: »

You have to use current data, do you buy a car on what it was worth when it was new, not on its current condition and millage!

What a ridiculous argument. :rotfl:

You may well choose not to buy a new car because you know "from past experience" that they devalue very quickly.

justpurchased wrote: »

As for decisions that involve me and my family the world does revolve arround us and i am not asking anyone else to make a decision arround my oppinions as they are my oppinions! So I do not affect anyone else.

You're affected by the outside World whether you like it or not.

justpurchased

Austin_Allegro wrote: »

Good for you. The fact remains though that 'you don't know the future' is a poor substitute for an argument and borders on ad hominem. It just seems to me to be a sign of increasing desperation by the bull faction.

While all the negertive press "and its the worst ever" story lines is security blaket for all the bears on property as
commodities and stocks must be peeing of the STR people it is best to be a bear or a bull when needed to be not to just be one or the other all of the time.
And sorry I missed out on latin I am but a young working class boy after all.

justpurchased

Jumping_Bean wrote: »

I'm saying use ALL the info. Did I say forget current figures? What bit don't you get?

By your logic then current figures would indicate that prices will continue to fall at the current rate forever. Do you see where you trip yourself up?

.

Sorry your lossing yourself now If somthing is for sale less than in its real worth in a current market - I would buy. If you want in house terms (as that is all you speak) Buying is cheaper than renting! Sorry it must have been a raised kurb stone. You would do all of that on current values.

justpurchased

Jumping_Bean wrote: »

I'm saying use ALL the info. Did I say forget current figures? What bit don't you get?

What a ridiculous argument. :rotfl:


quote]

Why is it, you coud devalue an asset using the rolling metod say 10% per year. But it would not give the current market value and does not take in to account current condition!