Savills - No recovery for 8 years

Jumping_Bean

justpurchased wrote: »

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.

Sorry I've lost the thread of what you're trying to say.

What exactly is for sale for less than it's true worth in the current market?
Buying is cheaper than renting?
A raised curb stone?

Am I missing something?

Dithering_Dad

Oh lord, another cyclical argument where no one remembers what they're arguing about anymore! :rotfl:

And fewer even care!

Jumping_Bean

justpurchased wrote: »

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!

Again, I'm sorry but I don't understand why this is relevant.

dopester

justpurchased wrote: »

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.

You should have allowed yourself some bigger dreams.

And I'm betting you are in a box. A slave-box. If you'd waited a bit longer maybe you could have gotten a nicer bigger place for the same money.

Additional: Actually checking your other post history, at least you got £90K off your new-build to just under £250K, which shows a bit of rational bargaining. I still can't really fathom what your purpose is here though. If you've just bought why do you seem so concerned with falling house prices?

Jumping_Bean

Dithering_Dad wrote: »

Oh lord, another cyclical argument where no one rememeber what they're arguing about anymore! :rotfl:

You got a problem with that DD? You looking at my girlfriend? You calling my dad a wino?

mewbie_2

I really think there should be some kind of test before people are allowed to post. Basic spelling, ability to put a simple sentence together, maybe even some punctuation. It's bad enough when the poster is a complete idiot, but having to struggle to understand the drivel just makes it worse.

Perhaps every post should contain a minimum of two of the following.
1. Reasonable grammar, at least a level that can be understood.
2. A point.
3. A grain of truth, either for or against the argument.
4. Humour.
5. Anecdotal.
6. Mod: That's enough twaddle

neverdespairgirl

justpurchased wrote: »

As you said It is twice as cheap to rent than buy in your area, so the day it is cheaper to buy than rent is never likley to come. Dont forget with a mortgage you will be repaying capital so unless you class Intrest only as cheaper than renting. Or are you classing it as cheaper over the term say 25 years?

I am comparing rent now against the interest-only part of a mortgage.

No reason it will always be cheaper in WC1 to rent rather than to buy, it wasn't in the past. But it is now.

justpurchased

mewbie wrote: »

I really think there should be some kind of test before people are allowed to post. Basic spelling, ability to put a simple sentence together, maybe even some punctuation. It's bad enough when the poster is a complete idiot, but having to struggle to understand the drivel just makes it worse.

Perhaps every post should contain a minimum of two of the following.
1. Reasonable grammar, at least a level that can be understood.
2. A point.
3. A grain of truth, either for or against the argument.
4. Humour.
5. Anecdotal.
6. Mod: That's enough twaddle

Your post as been removed then:rotfl: . You should also have a exclamation mark after punctuation.;)

The point is every one as there own opinion, all you can do is say what you would do if you were in someone elses position. You can not make them do what you would do!
The consensus of thought is that house prices will continue to fall. I think there is no arguments on that but none of the “experts” agree on how long and how far because it is there own opinion.
So for anyone on here to say don’t buy for another 8 years is based on there own opinion, I personally would say if you need to buy now make sure you get a big discount to cover any future potential falls.
Every one on here as a vested interest!
A FTB wants prices to fall so they can get on the property ladder.
A FTB 1-3 years ago does not want property to fall as they do not want negative equity.
A STR wants prices to fall so they can have low mortgage when they buy again or get a better house.
A seller wants prices and demand to increase so they can get the best price for there property.
Etc.
If you don not have a vested interest/opinion why would you be on here other than to wind people up?
I don’t have to justify my opinion or bow down to any of yours about how we think the future is going to pan out. I am just positive about my own.

P.S.
Why do some of you have to call people idiots or start picking on them just because they have a different view? I have not done any name calling, why do some people have to on here? Is it because some one having a conflicting view to them scares them, do they just have to do it as they have a problem articulating there own point or do they just find a forum as an extension of a class room so they can bully people?
Rant Over.

justpurchased

dopester wrote: »

You should have allowed yourself some bigger dreams.

And I'm betting you are in a box. A slave-box. If you'd waited a bit longer maybe you could have gotten a nicer bigger place for the same money.

Additional: Actually checking your other post history, at least you got £90K off your new-build to just under £250K, which shows a bit of rational bargaining. I still can't really fathom what your purpose is here though. If you've just bought why do you seem so concerned with falling house prices?

really doubt I will need a bigger dream than a 5 bed detached with 4 double bed rooms, one single (well 13'6 X 6'6" smallest) 2 On suites, Just under 2000 square feet of floor space should be fine by anyone’s standards. sorry forgot a double detached garage and secure walled gardens for my son to play in.
Why do you have to make me out to be some kind of thick person who as just purchased card board box to live in?
As for why I am here I just love some of the conversations and look at peoples circumstances. You should all love me if people were not screwing the market down like me the crash would be off. :rotfl:

wymondham

mewbie wrote: »

Perhaps every post should contain a minimum of two of the following.
1. Reasonable grammar, at least a level that can be understood.
2. A point.
3. A grain of truth, either for or against the argument.
4. Humour.
5. Anecdotal.
6. Mod: That's enough twaddle

I can manage 1 & 4, but 2 & 3 might be pushing it for me - can I still post anyway??