Why the intolerance of other people's views?

GDB2222

londonlandlady wrote: »

No, I am not "that equestrian fella."

I'm not going to publish three names on the internet but rest assured that auction rooms these days are packed with investors, and they are getting deals you wouldn't believe were true. When the market turns, they are going to make an absolute killing.

I know this because I'm one of them.

Three propositions there:

1. Yes, of course you're HIHM.

2. The mere fact that people buy stuff at auction does not mean they are savvy. You've checked their IQs, or how do you classify them as savvy? The market isn't going to turn, and they'll lose their shirts.

3. That's really proving my second point, isn't it?

lostinrates

londonlandlady wrote: »

Of course things aren't looking good at the moment but the Nationwide and Halifax indices are exaggerating the falls. Prices have risen so much over the last ten years that they needed to pause for breath before resuming their upwards trajectory.

OK, - giving you the benefit of the doubt here - why would two companies whose business benefits from high house prices, exagerate a 'pause in upward tragectory' and do you have any evidence to the contrary for the present market?

i don't think many people dispute a long term rise, or succesion of peaks and troughs.

why also is it, that in the main, the current people arguing to the contrary eem so barmy ?? I'd relish advice from more sane people arguing buying now can work out financially beneficial...but the people who are HPC deniers are...well, not so credible. (i consider myself neutral)

londonlandlady

GDB2222 wrote: »

Three propositions there:

1. Yes, of course you're HIHM.

2. The mere fact that people buy stuff at auction does not mean they are savvy. You've checked their IQs, or how do you classify them as savvy? The market isn't going to turn, and they'll lose their shirts.

3. That's really proving my second point, isn't it?

1. Er, no I'm not.

2. I classify them as savvy because they are buying, at a knock-down price, assets whose value has historically risen faster than inflation. The reason house prices rise faster than inflation is because the desire for home ownership is so strongly embedded in UK culture - whatever happens to the banks will not change that.

3. I can't see how.

mewbie_2

Don't you just love the internet? Back in the days of the South Sea Bubble and the Tulip craze I guess these wind up shysters used to send out messages by horsedrawn carriage, and little way of checking for real facts.

No offence meant!!!

Here's a link.. basically it says the OP is wrong.

http://es.homesandproperty.co.uk/auctionhomesunsold.html

londonlandlady

lostinrates wrote: »

OK, - giving you the benefit of the doubt here - why would two companies whose business benefits from high house prices, exagerate a 'pause in upward tragectory' and do you have any evidence to the contrary for the present market?

They aren't doing it deliberately. The figures aren't part of some sinister plot. It's just that, objectively speaking, the way these indices work mean that they exaggerate the falls in house prices (for example, because they don't include cash buyers). And yes I do have evidence to the contrary - every single other house price index. The DCLG figures are showing a fall of (I think) less than 1% over the last twelve months. The FT house price index is about 2% down and the Land Registry figures (which are the "master figures") are also showing small falls. Of course prices are falling at the moment - it would be miraculous if they were rising given the current state of Western economies/banks. But the falls are being heavily overstated.

domcastro

You haven't asked what HIHM is? If you're new you wouldn't know about HIHM. So, you're basically saying you're not HIHM without knowing what HIHM is?

skap7309

So horseinhatman (i know its you) if a complete newbie comes on here worried about wether to buy now or wait and they see your utter drivel clogging up the board with titles like BUY NOW...PRICES STEAMING AHEAD AGAIN...BUYERS FIGHTING FOR BARGAINS ETC...do you not think you would worry them?
Or are you making up for your massive mistake to buy recently (i 99% assume) and are cold hearted enough to hope to drag other people down with you?

amcluesent

>In fact, savvy investors are already starting to snap up bargains<

LOL. You are Crash Gordon and I claim my £5.

londonlandlady

domcastro wrote: »

You haven't asked what HIHM is? If you're new you wouldn't know about HIHM. So, you're basically saying you're not HIHM without knowing what HIHM is?

As I said in my first post, I've been lurking, so it wasn't difficult to figure out what "HIHM" stands for - especially given the references to "that equestrian fella."

This just goes back to my main point - why do you all have to belittle differing views as somehow "crazy" or "wind-ups?"

lostinrates

the land registry figure, it has been demontrated quite effectively, are able to be kewed by things like deposit paid offers and cash back by new builds.

IMO valuation is all over the place. I bought the local paper today and there is a nice house near me for sale for £2.25 mil, and then just up the road an astoundingly nicer house for £1.75 mil. the cheaper one is more land and more, much more house.

Didn't rightmove figures show asking price falls ecently?

And barrats dropping asking prices by large amounts?

i watch some of the auctions on line, and far from being snapped up lots is going unsold