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Debate House Prices
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Would-be buyers - beware the trolls on this board
Comments
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horseinhatman wrote: »ooooooooh a thread about me , lovely.
Just right for the attention you crave, eh?:rolleyes:
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This has to be the ultimate pot-kettle-black thread...0
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It is starting to get cold under my bridge.
:snow_laug0 -
Watch your backs people, keep a lookout for pickpockets with dodgy advice.0
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For god's sake - HIHM has his tongue firmly in his cheek, it's not like any FTB looking for advice is going to come on here and take the thread titles ONLY as their advice.
And when they look on the threads they'll see at least a dozen of you ripping HIHM to shreds anyway! Why do people try and seriously debate with him? He's having a laugh - can't you see that?0 -
Just a note to any would-be buyer out there: you may have noticed (a) that house prices have fallen solidly for the last 11 months (b) that annual house price falls now outstrip those at the worst point of the early 90's crash (c) that all financial experts are regularly predicting Armageddon in the world economy, as one bank after another collapses.
Yes there are some pretty peculiar headlines out there in Money Saving Expert's housing forum - along the line of 'Everything fine and dandy!', 'House prices set to soar' etc - posted by the same 1 or 2 individuals - londonlandlady, horseinhatman etc - who are probably the same individual troll posting under different names.
Before you come away with the false impression that us folks here on MSE know something that has escaped the rest of the world's financial experts/media, please be aware that certain very determined and busy trolls have been attempting to use the board as a propaganda platform.
As the name londonlandlady may suggest, this is not some disinterested observer - this is someone with a desperate need to prop up tottering house prices at all costs.
By all means, take their advice, if you so wish.
But remember - caveat emptor.:eek:
It's odd how this also happened over the last 3 or 4 years with some erm...'informed' posters on here calling the top of the market constantly, at least it's consistent I guess.
Maybe if we all call top and bottom all the time we'll always be right at some point.0 -
I'm sorry Carol, but just because you disagree with someone's viewpoint doesn't mean they're trolls. If that was the case then you'd be classed as one too.
People creating threads called "50% Drops" are just as bad as someone saying "Buy now before it's too late". They are at the extremes of the board and are probably dismissed by the majority as cranks.
As far as warning newbies, if people are so stupid as to base their largest ever purchase on the views of anonymous strangers on the internet, then they probably deserve whatever befalls them.
As I always advise - prospective buyers should become the expert in their target area and keep an eye out for a bargain. Listening to the advice of someone is Central London regarding house prices is little use to someone who lives in Southport, no matter how knowledgeable the Londoner is. Bargain prices are available all the time - people die, people get reposessed and people move jobs, all of which require a fast sale and intimate knowledge of an area will help mightily in price negotiations.
As far as this thread is concerned... If you don't like having the input from people who have a different viewpoint from yourself, I suggest you start a forum called 'carolt's only' and bar logons to anyone other than yourself. You can then have a HP discussion to your hearts content and all members will agree with every word you type.Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
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50% drops, already here :rolleyes2
http://www.ft.com/cms/s/0/1235fb4e-8f5f-11dd-946c-0000779fd18c.html?nclick_check=1Prices were falling even before the credit crunch hit, and have since slumped. Nationally, house prices have declined by about 3 per cent over the past two years, according to the Halifax survey. For new-build flats it is closer to 50 per cent in London, and even more elsewhere.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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