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Debate House Prices
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The MSE House Price Forum Bull Trap?
Comments
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You obviously missed it number one bear, big bad !!!!!! said he might buy a house soon, get the picture?
No - I said I'd consider it if the conditions were 'right' (i.e. the economy had gone very wrong and inflation was knocking at the door) in the context of the recent interest rate slashing.
You need to get it into your head that my holding a bearish view on the housing market is based on taking a look at the facts on the ground and making a rational decision, and nothing to do with some sort of philosophical dogma about house prices always falling. :rolleyes:
Whenever house prices get back to a reasonable level where there is going to be some growth in the future I'll be buying and advising others to do likewise.
Similarly, should the government succeed in trashing the economy by introducing massive inflation in a misguided attempt to 'correct' for the current deflationary pressures, I'll also consider getting into property if for no other reason than to protect my wealth.--
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 -
No - I said I'd consider it if the conditions were 'right' (i.e. the economy had gone very wrong and inflation was knocking at the door) in the context of the recent interest rate slashing.
Is all that going to happen in the next month? because this is what you said?
I'll wait a month and see how things play out before deciding if it makes sense to keep playing the waiting game with my cash or to move it into something, such as property'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Is all that going to happen in the next month? because this is what you said?
I'll wait a month and see how things play out before deciding if it makes sense to keep playing the waiting game with my cash or to move it into something, such as property
That means I'm going to wait a month and see how all this shapes up before deciding the future path to take" NOT "I'm going to throw my cash into a house in 31 days time" :rolleyes:--
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 -
Am I a bull?
In my own mind I'm bearish, even though I'm buying a property. I'm only buying because I feel it's a fairly exceptional opportunity, thats not to sya I think others should buy
Some logic in there somewhere.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
That means I'm going to wait a month and see how all this shapes up before deciding the future path to take" NOT "I'm going to throw my cash into a house in 31 days time" :rolleyes:
So you are NOT going to buy a house, sorry I misunderstood you, at least not in 31 days time (maybe32?mmm).'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
So you are NOT going to buy a house, sorry I misunderstood you, at least not in 31 days time (maybe32?mmm).
I'm certainly going to buy one - just not any time in the immediate future unless we see it all go horribly pear-shaped with the government getting more and more desperate to fight credit-contraction induced deflation and over-stimulating to the point of uncontrollable monetary and consumer price inflation.
A real risk IMO.--
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 -
I'm certainly going to buy one - just not any time in the immediate future unless we see it all go horribly pear-shaped with the government getting more and more desperate to fight credit-contraction induced deflation and over-stimulating to the point of uncontrollable monetary and consumer price inflation.
A real risk IMO.
Horribly pear-shaped. By that do you mean people get to keep jobs, people get to keep their homes and we only have a mild recession?0 -
Whenever house prices get back to a reasonable level where there is going to be some growth in the future I'll be buying and advising others to do likewise.
So you're wanting to buy a house so that you can profit from future HPI? Isn't that the reason we ended up in this mess in the first place? You'll be getting a BTL next!0 -
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He has openly admitted he will be getting into BTL. The guy is a right piece of work.
No, I've said I'll consider BTL a few years down the line when the likely yield is more sensible.
I'm not overly keen to face the hassle and responsibilities of renting a house out so the yield will have to be something considerably better than a decent common or garden investment product, something not generally the case in recent years.
It's not my fault if tens, maybe hundreds of thousands of greedy innumerate fools have bought into it without working it through first and now face financial ruin. It's certainly not my responsibility to bail them out by funding the governments panic measures (through taxes and loss of interest on my savings).--
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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