'50% drops'

Heyman_2

Well DD, it depends what you want to chat about.

I like coming on here and having the odd debate or a good laugh at certain people's postings, but it's worth taking a break for a while otherwise it does get a touch boring!!! We all have our lives to lead after all.

ad9898_3

Dithering_Dad wrote: »

Actually, there is little point. Everyone here has entrenched views and so trying to argue with you [strike]that the only 50% drops in Northern Counties are overpriced new build apartments that the builder is simply selling at a more reasonable price (and isn't taking anything like a 50% hit on what he 'paid' for it) or reposessed apartments where the bank couldn't give a monkey's about the sale value because they will be passing the [/strike]

Got that far and gave up. I can not convince you that we won't see wholesale 50% drop across the board any more than I can convince the other chap that we won't see 100% drops in any property.

Sorry Brit, I'm not having a go at you personally, I guess the housing board has 'had it's day' with me and I'm losing interest. Even winding up !!!!!! has little attraction (what with it being so easy).

I'm not sure where to go for a chat now to be honest because I only came to the Housing board because I was bored with the rest of MSE. I guess that once you've paid off your debts, gotten the cheapest utiltity & Insurance, etc. started paying down your mortgage, sorted out your pension plan, savings and investments, there's not much point being here?

Yep DD, pat yourself on the back, go down the pub and have a drink, you deserve it.:D

Dithering_Dad

Heyman wrote: »

Well DD, it depends what you want to chat about.

I like coming on here and having the odd debate or a good laugh at certain people's postings, but it's worth taking a break for a while otherwise it does get a touch boring!!! We all have our lives to lead after all.

Might get back into my FC United of Manchester forum postings. Start of a new season and all that?

I'm not doing a 'goodbye cruel forum thread' here, just tired today and a bit bored with the same old "house prices will fall 20%, 30% 40%, 50%, 60%, 70%, 80%" discussions. Not saying that it's boring for people who have a vested interest, but I'm happy where I live and bought many years ago and so I'm not really touched by house prices - whether they rise or fall.

Even if we have the mooted 100% reductions in 5 years hence, I'll have paid off my mortgage so still won't have negative equity.

Heyman_2

Max_Headroom wrote: »

Ah, but it's always the letting agents coming out with soundbites like this!

You have to ask, do the numbers add up? For all the talk of supply and demand regarding house price increase in the boom times, I kept coming back to "who's going to pay for it all?" Same applies to rental income, if it's really going up, who's going to pay for it all? Where's this extra rent going to come from? People have less now, not more.

I wouldn't say that rents will rise all that much, as I agree with you that people are stretched as it is at the moment, but I can't see rents falling to any large degree. That's really the point that I was disagreeing with.

WTF?_2

ad9898 wrote: »

Yep DD, pat yourself on the back, go down the pub and have a drink, you deserve it.:D

What a guy!

neverdespairgirl

Heyman wrote: »

Rents will be sustained whilst there are people willing to pay them and there are landlords (or ladies) who have big enough mortgages to service. Given the hysteria on here about nobody buying etc, I'd say the rental market is in for a bit of boom of its own.

That is not what is happening in my area (WC1, Bloomsbury and Holborn, in London).

Rents are either the same, or slightly lower, than they were 12 - 18 months ago. That's for the same places, coming back on the market.

Dithering_Dad

ad9898 wrote: »

Yep DD, pat yourself on the back, go down the pub and have a drink, you deserve it.:D

lol, you're right AD - after sorting out that little lot, no wonder I'm tired.

howler_2

Dithering_Dad wrote: »

Actually, there is little point. Everyone here has entrenched views and so trying to argue with you [strike]that the only 50% drops in Northern Counties are overpriced new build apartments that the builder is simply selling at a more reasonable price (and isn't taking anything like a 50% hit on what he 'paid' for it) or reposessed apartments where the bank couldn't give a monkey's about the sale value because they will be passing the [/strike]

Got that far and gave up. I can not convince you that we won't see wholesale 50% drop across the board any more than I can convince the other chap that we won't see 100% drops in any property.

Sorry Brit, I'm not having a go at you personally, I guess the housing board has 'had it's day' with me and I'm losing interest. Even winding up !!!!!! has little attraction (what with it being so easy).

I'm not sure where to go for a chat now to be honest because I only came to the Housing board because I was bored with the rest of MSE. I guess that once you've paid off your debts, gotten the cheapest utiltity & Insurance, etc. started paying down your mortgage, sorted out your pension plan, savings and investments, there's not much point being here?

The board doesnt need people who come on here just to wind others up. Move along

WTF?_2

howler wrote: »

The board doesnt need people who come on here just to wind others up. Move along

Oh come on - if the delusional one couldn't come along here and release some of that nasty oozing pus in his psyche every once in a while, goodness knows what might happen.

Dithering_Dad

!!!!!!? wrote: »

What a guy!

lol, yes !!!!!! I'm Ace and you're Rimmer. :rotfl: