Is It A Good Time To Buy?

geoffky

fred harrison???? ps those houses were sold at auction on friday hardly past history is it...

GDB2222

I'm actually trying (along with probably quite a few other bears) to prevent people from making possibly the biggest financial mistake of their lives. Surely this is worth getting quite vocal about?

That's exactly where I'm coming from.

One problem is that there have been so many people out of the market, for example:

Originally Posted by Chris2685
This is true, the trouble is, most of those people in group 1 have been in group 2 for so long that now that they (we) are seeing that we can afford property all of a sudden, it is very hard to resist jumping onto the ship whether it sinks or not!

I see just where Chris is coming from, and I hope he resists for another 1-2 years.

The other reason why this is so frustrating is that people say things like 'How do you know?' So, I (and other bears) post some statistics to support our case. These get swept aside or ignored.

The bulls never seem to post any stats - it's all irrational emotion with them. :mad:

Jumping_Bean

Dithering_Dad wrote: »

I find it difficult to believe that all of the bears post for altruistic reasons and all the bears post for selfish ones.

Presumably one of those bears was meant to be bulls? If so, generally speaking I would agree. But I really don't think there are many bulls on here that are genuinely concerned about people missing out on a bargain. I would say there was definitely, definitely more bears posting for altruistic reasons than bulls (IMO). Somehow the words "altruistic" and "bull" don't fit comfortably together.

I would also say that on balance, not every, but most of the nasty aggressive posts, with not a lot of reasoning included, come from the bulls. I think that even as a slightly bullish poster you would acknowledge that?

MrMalkin

geoffky wrote: »

fred harrison???? ps those houses were sold at auction on friday hardly past history is it...

Cool, so you're promoting a theoretical cycle and some atypical data from a bunch of houses sold at auction as the basis for your own theory? Awesome. No attempt at statistical analysis, no training in economics or finance, no experience in the housing/mortgage industry.

Nice to know where this 'advice' is coming from. I like to call it 'thintelligence', ill-educated opinions with a thin veneer of second-hand intelligence to hide the worst of the inadequecies.

Jumping_Bean

GDB2222 wrote: »

The other reason why this is so frustrating is that people say things like 'How do you know?' So, I (and other bears) post some statistics to support our case. These get swept aside or ignored.

The bulls never seem to post any stats - it's all irrational emotion with them. :mad:

Totally agree. And it's because there are no stats to support their argument - All you get back instead is either abuse or how romantic it is to own the prefect house with no evil landlord just waiting to throw you out on the street.

geoffky

mrmalkin you are not a estate agent are you.?. if you are i will just put the request in the bin with all the other ones..i wouldnt give them a penny..

MrMalkin

geoffky wrote: »

mrmalkin you are not a estate agent are you.?. if you are i will just put the request in the bin with all the other ones..i wouldnt give them a penny..

Perhaps you need to learn to read. You don't make very much sense at all. I didn't make a request. I'm not an estate agent.

Chris2685

I'm not a bull or a bear, but I do know that over the long term houses do gain value.. There is nothing to suggest otherwise...

pickledpink

PayDay wrote: »

Why do you always assume that people who can see the market is going down, don't own their own properties?

I actually own my properties. Unlike you it seems, who is owned by your mortgage company. Ever thought of getting a second job to try to ease your burden?

PAYDAY,

I own my property - outright.

And yes, I realise that I am fortunate to own my house at a relatively young age - but I don't see why I should be apologetic about it!

The way you write it sounds as though you're envious.........can't think why!!!:p

Dithering_Dad

mewbie wrote: »

Me too. Why don't you pick on the bulls for a change.

lol, missed that typo. Will go back and amend. Ta for the 'heads up'.