A little Hypocrisy?

Jazzypap

I’m very confused by certain poster’s motivations ..… all the poster’s who are waiting in eager anticipation for house prices to fall or crash to a level they feel they can step on to the ladder – would these same people be quite as keen to see house prices continue to fall once they’ve purchased a property? I would hazard a guess not; as I’m sure they would be very keen for the value of their purchase to rise as soon as they’ve bought it.

It’s virtually impossible to determine where the bottom is in any decline and before you know it you’ve either missed the boat or got your timing all wrong in purchasing and the market continues to spiral downwards. There may be a few lucky ones who time it just right e.g. buy at the bottom just as the market turns and values increase but there will be few of these.

IMO it smacks a little of hypocrisy to constantly talk the market down when waiting to buy but then talk the market up when you’ve bought, as I’m pretty sure these very same people would surely do.

Puzzled!!!

Max_Headroom_3

Is it "talking the market down", or just being realistic about the market?

Personally I bought a house years ago and no intentions of selling or doing anything, but I still discuss the housing market and economy in negative terms on here because that's how I see it. When I see strong signs of positivity then I'll talk about it in positive terms.

That doesn't make me a hypocrite, indeed quite the reverse, a hypocrite would talk about it terms not as how he really sees things.

Treadmill

I guess if you thought you where clever and sold to rent in 2005 for example you'd have a vested interest in seeing prices go below 2005 levels, you'd also probably be feeling a bit foolish having spent a few years watching house prices rise to record levels meaning that if you did buy back in you would get less for your money than when you sold.

These are the HPC cheerleaders lol

WTF?_2

Jazzypap wrote: »

I’m very confused by certain poster’s motivations ..… all the poster’s who are waiting in eager anticipation for house prices to fall or crash to a level they feel they can step on to the ladder – would these same people be quite as keen to see house prices continue to fall once they’ve purchased a property? I would hazard a guess not; as I’m sure they would be very keen for the value of their purchase to rise as soon as they’ve bought it.

It’s virtually impossible to determine where the bottom is in any decline and before you know it you’ve either missed the boat or got your timing all wrong in purchasing and the market continues to spiral downwards. There may be a few lucky ones who time it just right e.g. buy at the bottom just as the market turns and values increase but there will be few of these.

IMO it smacks a little of hypocrisy to constantly talk the market down when waiting to buy but then talk the market up when you’ve bought, as I’m pretty sure these very same people would surely do.

Puzzled!!!

Debating the direction of the housing market does not equal "Talking the market down".

Glad that you've chosen to jump in though - having only posted 29 times since you joined in April. This board seems to be attracting quite a few 'irregular posters' in the last few days who after posting only a few times suddenly all feel compelled to complain about people 'talking the market down' or 'spreading doom' etc.

:think:

tomstickland

Jazzypap wrote: »

I’m very confused by certain poster’s motivations ..… all the poster’s who are waiting in eager anticipation for house prices to fall or crash to a level they feel they can step on to the ladder – would these same people be quite as keen to see house prices continue to fall once they’ve purchased a property? I would hazard a guess not; as I’m sure they would be very keen for the value of their purchase to rise as soon as they’ve bought it.

It’s virtually impossible to determine where the bottom is in any decline and before you know it you’ve either missed the boat or got your timing all wrong in purchasing and the market continues to spiral downwards. There may be a few lucky ones who time it just right e.g. buy at the bottom just as the market turns and values increase but there will be few of these.

IMO it smacks a little of hypocrisy to constantly talk the market down when waiting to buy but then talk the market up when you’ve bought, as I’m pretty sure these very same people would surely do.

Puzzled!!!

I hope that you realise that the market prices have been falling entirely due to people talking about it. The money supply problem was actually also caused by people talking down. There's even night classes that have been running, training people how to talk the market down. It's rather like weight watchers - each week they report on succesful conversations and are given points for negativity. So, if they manage to loudly say "the markets on it's way down I'd advise everyone to sit at home with the heating off this week" and there are, say, 15 people within earshot they might score enough points to only have to mumble about "house prices are going to go lower" for the rest of the week and still be on target.


Regarding your first point, if someone waits and prices fall to a level that they think is reasonable, I don't think that they'll really care what happens after that. They don't see house prices as a game where they have to buy something and watch it increase in value. They just want to pay what they consider to be a reasonable price to start with.

As to missing the bottom of the market, it really doesn't matter that much. If someone is too early then prices drop a bit more, but they were already happy with the price. If they are late, then they just pay a bit more.

carolt

Jazzypap wrote: »

I’m very confused by certain poster’s motivations ..… all the poster’s who are waiting in eager anticipation for house prices to fall or crash to a level they feel they can step on to the ladder – would these same people be quite as keen to see house prices continue to fall once they’ve purchased a property? I would hazard a guess not; as I’m sure they would be very keen for the value of their purchase to rise as soon as they’ve bought it.

It’s virtually impossible to determine where the bottom is in any decline and before you know it you’ve either missed the boat or got your timing all wrong in purchasing and the market continues to spiral downwards. There may be a few lucky ones who time it just right e.g. buy at the bottom just as the market turns and values increase but there will be few of these.

IMO it smacks a little of hypocrisy to constantly talk the market down when waiting to buy but then talk the market up when you’ve bought, as I’m pretty sure these very same people would surely do.

Puzzled!!!

It depends whether you think 'certain poster’s' (is that one poster or several? - your punctuation would suggest the former?) are trying to talk down the market or report the situation as it is ie that prices are falling and are expected by all sources to continue falling.

Not clear how one 'talks down' the market? Are you suggesting that an individual poster on mse has so much power that just by posting prices are falling, s/he can single-handedly bring down the market? How exciting? What power!

Right then - I'll take 40% falls all round by next Thursday please. And 10% deposit handouts for all FTB's. Oh, and I'll take Max Headroom's suggestion of a free car thrown in too - no idea what an Aston Martin is as I have zero interest in cars, let alone expensive ones, but a reliable runner (7 seater please) would suit me perfectly.

Cheers. Sorted then.

Someone else's turn now.

Sir_Humphrey

No, I want house prices to remain stable. I don't ever want house prices to boom again.

In fact, the advantage of prices continuing to fall a bit after a purchase would be making buying a bigger place easier.

I want a decent house/flat to live in without being financially ruined. You need to realise that houses are for shelter and not for making money. Perhaps non-money-making motivations are difficult for you to grasp?

lostinrates

Jazzypap wrote: »

I’m very confused by certain poster’s motivations ..… all the poster’s who are waiting in eager anticipation for house prices to fall or crash to a level they feel they can step on to the ladder – would these same people be quite as keen to see house prices continue to fall once they’ve purchased a property? I would hazard a guess not; as I’m sure they would be very keen for the value of their purchase to rise as soon as they’ve bought it.

It’s virtually impossible to determine where the bottom is in any decline and before you know it you’ve either missed the boat or got your timing all wrong in purchasing and the market continues to spiral downwards. There may be a few lucky ones who time it just right e.g. buy at the bottom just as the market turns and values increase but there will be few of these.

IMO it smacks a little of hypocrisy to constantly talk the market down when waiting to buy but then talk the market up when you’ve bought, as I’m pretty sure these very same people would surely do.

Puzzled!!!

I don't think talking here ha any real impact on the market as a whole (there are pople here who say they have been prediting the falls for years....if so their talk had little impact for a LONG time, why suddenly would it impact now?)

I'm not sure which poster you are pointing the finger at in particular .

My thoughts are that we can aford to buy now (but not a long term home). We could have, with some imprudent borrowing, have afforded to buy a couple of years ago, (we didn't for various reasons, not just prices). Now that prices are falling as we are FTBs it would be imprudent to buy now BUT if we see the right place we would be prepared to negotiat hard, and for a price we felt represented the market now and the market predictions now, buy within our affordability regardless of the market as a whole. This decision is based on our specific situation put into context of the market. All that said, we half hope we do not see what we are looking for for a little while. This time next year would be pretty good for us.

When we have bought (within our affordabilty) it will be galling to watch prices fall still further, but a rik we'd take in buying then. I don't think the trend is going to be that ON AVERAGE property doesn't continue to rise. but I think the peaks and troughs will be the pattern amid which that rise occurs.

If we are very lucky, the property we buy will not realise its value until we pop our clog, if we are less lucky, it would be a house in which we COULD stay even should we not want to. Therefore, the property falls and rises will not figure to much on us, but might if we had children. If I were a younger FTB buying a less permanant property, or buying with a smaller % cash I would want to play the game harder, trying to get in as close to the bottom as I could and then pay close attention to the market with resale value in the back of my mind too.

Max_Headroom_3

And incidently, surely if you were "talking the market down", of the opinion that things were dropping and waiting to buy, all the time you saw it going down, you'd wait.

At the point where your view of the market was of it levelling and going back up, you'd then buy.

Therefore, whilst you may well start "talking the market up" during or after buying, the purchase came as a result of your feeling that things were going up, not the reason for suddenly talking about things positively being as a result of your buying?

justpurchased

:rotfl: Please make all spelling and punctuation perfect. Or CarolT will mark you down.

Yes one mistake and your out.
(Who wants to talk about the post when there is grammar and spelling to point out?)

It is Mind Spelling & English after all.

Oh hang on, that is not what MSE stands for is it.:rotfl:

neverdespairgirl

Jazzypap wrote: »

IMO it smacks a little of hypocrisy to constantly talk the market down when waiting to buy but then talk the market up when you’ve bought, as I’m pretty sure these very same people would surely do.

Puzzled!!!

When we buy a house, I don't want values to go up. It wouldn't do us any good (because we'd still live there) and it wouldn't do other people any good (because they would need more to buy).

I would far rather there weren't big price rises again, after I've bought.