1st Anniversary: HPC: Did you warn us? Where are your proudest postings?

WTF?_2

sarkin wrote: »

And this is why bears are having a field day.

I disagree, no-one here is having a field day about the misery of others.

Being a 'bear' in the context of house prices is all about the judgement you make on the likely direction of the housing market based on the facts as you see them. It's not some all encompassing philosophy of life and its certainly not about a p1ssing competition with people who took the wrong 'bullish' attitude and now end up paying for it.

In fact, the people doing all the noise making on MSE seem to be the ones who got it wrong during the bubble and are now loudly blaming their misfortune on those who stuck their heads above the parapet to warn them about making a mistake back before the bubble burst. i.e. Accusations of 'doom mongers' or 'you got what you wanted'. Huh??? Who on earth wanted an economic disaster ... having the prescience to see it coming and warning about it does not equal wanting it to happen.

If market conditions change and I see a sensible reason to get into buying a house I'll happily flip flop into being a bull overnight. In fact, I reckon that 2010 will be the time to buy because of the likely consequences of the disastrous policies currently being pursued by our panicking authorities. Possibly even earlier. But not yet, not in the short term (next six months or so).

torontoboy45

I joined only recently so can't claim to have posted anything of use re HP's.
although I can't find the link I clearly remember reading a post by brit123 last yr in which he/she predicted an over all 50 % fall from peak. I also remember laughing out loud and asking OH to view this crazy post.

just over a yr later and I'm not laughing. we're a long way off 50% falls but I'm no longer incredulous at the suggestion. I distinctly recall the predictions made by the big players (n'wide, halifax, etc) calling a flatline in HP's for 2008 while only morgan stanley was brave/realistic enough to call a conservative -10%.

brit's post may have been a liitle adventurous, but with prices down c.15% from peak and the head of barclay's noising off about a further 15% for 09, brit's prediction may yet have some validity.

harryhound

harryhound wrote: »

sell to rent
[Then get seriously worried that the Icelandic bank you have put it all in might go bust!]

Can I chip in this posting?
http://forums.moneysavingexpert.com/showthread.html?p=6395212#post6395212
It is on the use of Land Registry documents - that should be available in the HIP - to go forewarned & forearmed when trying to buy a property in current markets. (Perhaps I should have called the sellers Mr & Mrs Mew):rolleyes:

(I think, in the current market, I would only risk a redevelopment/renovation bought at a distress price, for a couple prepared to spend next summer in a caravan in the garden).:beer:

Harry

PS I'm still monitoring the property involved, perhaps it has been repossessed, but it has not (yet) appeared on any of the "house price" web sites.

And now it has sold phew :eek:
http://forums.moneysavingexpert.com/showthread.html?p=21901759#post21901759