The MSE House Price Forum Bull Trap?

mitchaa

Really2 wrote: »

No changed my password, forgot it. then realised that email account was dead (old broadband supplier) so I cant get the password now .
I know you think I am nuts but I could have done better than really2.
Realy2

You are a busy chappy, 75 posts in 24hrs.

There is an outside you know;)

Really2

mitchaa wrote: »

You are a busy chappy, 75 posts in 24hrs.

There is an outside you know;)

I know but I could not resist yesterday.:)
Its all Missmoney pennys fault.:rotfl:

mewbie_2

Really2 wrote: »

No changed my password, forgot it.

You should do what I do. Old MSE tip. There is a thread running in the MoneySaversArms where we post all our passwords, bank details, etc. - then if anyone forgets they can just view the thread and everything is saved there.

Brilliant idea, setup by Dr. Nugumbo.

Really2

mewbie wrote: »

You should do what I do. Old MSE tip. There is a thread running in the MoneySaversArms where we post all our passwords, bank details, etc. - then if anyone forgets they can just view the thread and everything is saved there.

Brilliant idea, setup by Dr. Nugumbo.

Mewbie you do make me laugh.:rotfl:

That is the same guy who sent me $2,000,000,000 from Zimbabwe.

Pobby

Still and old bear here. Sometimes I think there is something almost magical about the 3.5 times income to loan ( or whatever was the protocol for years ). Funny how it seemed to work and yes you had to have a deposit. OK there were still ups and downs in the market but nothing like the recent hpi. I have been in an industry for almost 40 years. When I entered it there was what we called a standard mark up.

You purchased from a supplier and the magic markup was 55%. Seemed to work very well and most retailers prospered. Then along came discounting down from the normal profit margin. Chaos. Retailers, e-tailers getting cheaper and cheaper, forever having to increase turnover. This year it resulted in the largest chain of retailers in my market going into liquidation.

If ya baking good cookies don`t change the recipe.

Really2

Pobby wrote: »

You purchased from a supplier and the magic markup was 55%.

Now that would be better, I have been in IT for years and that has eroded over time. We make over 10% on HW and that is way over the average (more than double i think)
Bloody internet.:rotfl:

WTF?_2

mitchaa wrote: »

Erm...Can someone explain this bear and bull nonsense that i have only ever seen coming from these threads.

I believe i am a ''bear'' but what a stupid label to be branded

:rotfl: Bulls and bears

http://en.wikipedia.org/wiki/Market_trends#Bull_market


People who believe that a market is a bull market are called 'bulls', people who believe that a market is a bear market are called bears.

Therefore those with the point of view that the housing market has a grim outlook are bears in this context, those who believe it's positive are bulls.

However, it has to be said that quite a few of the 'bulls' posting here seem more interested in just hurling abuse at someone rather than being particularly convinced that the market is good. I suspect that many are up to their necks in mortgage debt - hence the antipathy towards anyone who suggests that slashing rates to the bone might not be the best move at this juncture....... :rolleyes:

dopester

Cannon_Fodder wrote: »

So, will it last or is it the bull trap before the really big drop that allows the bearish types to reassert themselves?

The interest rate cut will only strengthen the economic contraction and house price crash.

gingin_2

PasturesNew wrote: »

I see it as a bull trap. There's one in every cycle. I think we're in it.

I am unable to buy no matter what's happening as I'd need to see more of a trend because I don't have a job nor even a town I know I want/need to be in. Without a location or a job you can't buy.

We are similar. Regardless of house prices, interest rates, whatever, we are not going to buy until the economy has stabilised, as husband could lose his job and not find a similar one any day now. I can't see the economy getting any better until at least 2010.

HammersFan

dopester wrote: »

The interest rate cut will only strengthen the economic contraction and house price crash.

That has really made me laugh out loud. Thank you - its been a long week.