The Myth of record debt!

chucky

Dithering_Dad wrote: »

I agree. It's a disgrace and something should be done about him. Carolt is just as bad. Martin should kick those two off MSE and do the rest of us a favour.

CarolT hasn't been around for a while has she?

She's probably doing some viewings I guess.

Really2

chucky wrote: »

CarolT hasn't been around for a while has she?

She's probably doing some viewings I guess.

No, detentions for kids mentioning the BOE rate drop.:D

Dithering_Dad

chucky wrote: »

CarolT hasn't been around for a while has she?

She's probably doing some viewings I guess.

If she has, then she's going up in my estimations. I really do believe some of the MSE Ultra-HPCers are so trapped by their HPC dogma that they won't be buying under any circumstances.

I also believe that some of the Ultras actually do own their own homes and simply wanted to be part of the 'winning' gang. It's a bit like those who always seemed to buy Gold stocks before they shot up and sold before they went back down, yet never mentioned their intentions prior to the deal....

I fell about laughing when !!!!!! started talking about becoming a BTL landlord and all his minions were rushing about like headless chickens trying to convince themselves that he was only joking. Priceless :rotfl:. When will they realise that he is the MSE Uber Hypocrite? It must be awful when your God lets you down so badly. Poor things.

chucky

Dithering_Dad wrote: »

If she has, then she's going up in my estimations. I really do believe some of the MSE Ultra-HPCers are so trapped by their HPC dogma that they won't be buying under any circumstances.

I also believe that some of the Ultras actually do own their own homes and simply wanted to be part of the 'winning' gang. It's a bit like those who always seemed to buy Gold stocks before they shot up and sold before they went back down, yet never mentioned their intentions prior to the deal....

I fell about laughing when !!!!!! started talking about becoming a BTL landlord and all his minions were rushing about like headless chickens trying to convince themselves that he was only joking. Priceless :rotfl:. When will they realise that he is the MSE Uber Hypocrite? It must be awful when your God lets you down so badly. Poor things.

it really is like a religion for them wanting the market to crash so that they can get a property - it's pretty sad.

they probably mirror themselves on some politician or economists blog (someone like Vince Cable) and copy their predictions word for word.

Dithering_Dad

chucky wrote: »

it really is like a religion for them wanting the market to crash so that they can get a property - it's pretty sad.

they probably mirror themselves on some politician or economists blog (someone like Vince Cable) and copy their predictions word for word.

!!!!!! seems to have a news pipline into the BBC. 10 seconds after a journo posts a comment there (negative one of course) !!!!!! is posting it on here and making out it was his original thought. :rolleyes:

IveSeenTheLight

!!!!!!? wrote: »

You haven't said anything there that I'd disagree with.

If you believe house prices are set to drop then you're bearish. I disagree here as I believe that the UK average has to drop, but I am quite optimistic that prices will rise in time. If I was to label myself then I would say I'm more on the bullish side and can accept house prices correcting

As for the longer term, of course some day prices will surpass the peak. Doesn't make it a good idea to buy in now with the market set to drop probably another 15% from the peak though. Depends on the area. In my VI the YoY drop is 2.23%. Certainly not worth selling and buying again

Getting back to the rational question.


Please read what I said. People tend to divide into two groups when it comes to which way the market will go. :rotfl: I did
You said

!!!!!!? wrote:

I think we've hit on the crux of the resident 'bulls' - they just can't make rational, detached judgements

Which you keep circumnavigating around. Forget the labelling thing. Do you think it is a rational statement from yourself?

See above please

WTF?_2

IveSeenTheLight wrote: »

See above please

I think it's entirely accurate - the group of people who regularly throw accusations along the lines of "You are negative" "you are a doom monger" "you just want the market to fall" "you bears will never buy" hardly ever post an actual factual counterpoint to the post/opinion being discussed - they just cast aspersions on the personality of the poster for daring to quote an article that exposes the state of the economy or expressing the opinion that things are screwed.

"Anti bear" would be better description actually since a truly bullish person would have some solid arguments as to why the market had a good outlook and why now was a sensible time to buy, not just negative epithets.

Even if you think that at some point along the line prices will recover and exceed the 2007 peak that doesn't qualify as bullish - I believe that too, it's a given that prices go up over the long term. As does inflation and wages .... long term.

The point is that anyone looking to buy a house at this juncture better have a pretty good reason to buy (probably borrowing money to do so) into an asset that is likely to fall by tens of thousands of quid over the coming year.

Now there will be some who still will buy for personal reasons and hopefully they will do so with an informed opinion on what they are getting in to - but I'm damn sure not going to cheerlead anyone into buying now with some false bullishness when I know full well that they will be putting themselves into financial troubled waters at just about the worst time possible.

StevieJ

!!!!!!? wrote: »

You haven't said anything there that I'd disagree with.

If you believe house prices are set to drop then you're bearish.

Jeepers Creepers, does that mean I am a bear after all, as I think that house price will fall from the current 8% to 20%. You learn something every day

WTF?_2

StevieJ wrote: »

Jeepers Creepers, does that mean I am a bear after all, as I think that house price will fall from the current 8% to 20%. You learn something every day

That would mean you are bearish on the housing market.

The true test: Would you advise a typical punter to buy right now, and if so, why?



(By the way, still waiting for the quote in the other thread where you accused me of "changing my mind again". I'm sure you're beavering away to back up what you say, not just making personal jiibes, so I'll let you get on with your quote hunting shall I?)

StevieJ

!!!!!!? wrote: »

That would mean you are bearish on the housing market.

The true test: Would you advise a typical punter to buy right now, and if so, why?


(By the way, still waiting for the quote in the other thread where you accused me of "changing my mind again". I'm sure you're beavering away to back up what you say, not just making personal jiibes, so I'll let you get on with your quote hunting shall I?)

No I would advise them to wait until April, but definately well before the concession on stamp duty finishes as we should see demand jump at that time. BTW I noticed that house sales have increased for the second month running, I can't find your link on the board to the article.


(By the way, still waiting for the quote in the other thread where you accused me of "changing my mind again"

As you know I can't find the link, it was litle like finding a needle in a haystack with the needle removed. Ironically everyone knows what you said as it was well highlighted at the time.