House prices are close to affordable levels, reveals survey... BUY!! BUY!!! BUY!!!

chucky

Max_Headroom wrote: »

Chucky, my old fruit, quick pick up a paper, turn on the news. Sorry to shock you like this but the market has turned. Prices are dropping. Did nobody tell you?

Headster - you should have bothered to read the previous posts instead of jumping in and getting involved there is no mention from myself of the market not turning.

We are discussing or Carol is 'telling' us that Camden was affordable in the 1996 at about £78k - do you have any evidence of this? my point was that it wasn't and have provided Halifax numbers for that date to back that up.

There is no bizarre logic going on, you'd probably need to catch up on the thread.

Max_Headroom_3

Chuckster, me ol' mucka, what you said was this:

This is probably the worst financial decision of your life... even now waiting for the market to turn is just as bad.

Followed (in the same post) by

WAIT for 12 years is definately not big and it isn't clever. hope that you get on the property ladder soon Carol otherwise it will be you getting your coat...

Again, why would it be to her benefit to get on soon? Prices are dropping.

ess0two

Try reading the whole thread,or is this something beyond your comprehension???

Max_Headroom_3

ess0two wrote: »

Try reading the whole thread,or is this something beyond your comprehension???

Aaaaah, I see it now.

You've just bought.

No you're right, as from your exchange of contracts house prices will immediately start to rise and people like Carol should of course follow your example.

Lets get this party started!

(Err, who's going to be funding all these mortgages by the way..? All the banks tried lending at not much more than current property price levels and fell over)

chucky

Maxi baby - you're picking one sentence out of a whole discussion, either you're being picky or looking too deeply to my post for whatever reason that you may have...

The point that I was making was that it took her 12 years not to make a decision and that she will make another 12 years to not make the decision again. So making the decision now or in one year has no bearing really as it will never be made anyway...

Max_Headroom_3

Chucklebuckle, gotcha.

So basically what you're saying is she shouldn't worry herself unduly about little details like the fact that property values had got massively and unsustainably over inflated, and rather than sit tight as the inevitable plummet ensues she should instead just get stuck in regardless and not bother her pretty little head with tiny details like what anything bought now might be worth in a year or two's time?

It's just spending the money that's important, sod the consiquences.

Good advice mate.

chucky

Nope sorry Maxy Waxy you still haven't got me.

That's not what I said, you're going to have to try much harder.

Neither did I deny that prices were dropping fast as you implied previously. Just saying that to be clear in the event you try to imply again something that I didn't say.

It was the time taken to make a decision that I was questioning and the regret in not making that decision 12 years ago.

Sorry pumpkin I'm not here to give advice, anyone who takes advice off here should really get their head tested.

Max_Headroom_3

So chuckers, you never did say:

WAIT for 12 years is definately not big and it isn't clever. hope that you get on the property ladder soon Carol otherwise it will be you getting your coat...

That was just someone who happened to have the exact same name as you?

Because as you rightly now say, it'd be be daft to get on the property ladder soon with prices going down, wouldn't it sweetie?

Conrad

carolt wrote: »

Frankly, if I've waited 12 years or whatever, then waiting another year or 3 isn't going to make a huge impact /quote]


You waited 12 years ago, 11 years ago, 10 and so on and it didn't work.
Surely there is a danger of repeating this pattern?
My advice is dont try and spot the bottom. If Warren Buffett says its impossible, what makes you think otherwise?

You could well wait, then find you interpret the next upwards motions as some sort of dead cat bounce, so you wait, and then wait again and so on.

Surely there is more to life than pinching every possible penny from the market, and there comes a point where you such in your stomach and go for it.

I hope one day when you come to sell, you wont expect your buyers to pay top dollar

chucky

Max_Headroom wrote: »

So chuckers, you never did say:

WAIT for 12 years is definately not big and it isn't clever. hope that you get on the property ladder soon Carol otherwise it will be you getting your coat...

That was just someone who happened to have the exact same name as you?

Because as you rightly now say, it'd be be daft to get on the property ladder soon with prices going down, wouldn't it sweetie?

please tell me where I said "it'd be be daft to get on the property ladder soon with prices going down," this imagination that you have is getting really rampant - what's up with you today duchess?

just to add context and not pick one small peice of what i said and try to turn it aropund - here you go Multi Max "12 years is a long time to make a financial decision - if you haven't managed to make it yet, you'll never do it because you'll have retired and will still be paying rent; big question here is - do you think that your pensions cover the rent? The way that the Index's and Equities are performing it doesn't look that way..."

so going back to about 3 posts backs that you obviously didn't read - it was the 12 year decision making period that was in question not the fact that it was a good time to buy or not.

it's not crazy to get on the property ladder at any time. if the circumstances are right - there are always opportunities to make a profit even in a falling market - just like you have been discussing with Conrad on another thread. this is obviously something that you obviously already know though, isn't it Princess?