Has anyone seen this site?

chucky

Cleaver wrote: »

Are you referring to me? I bought a house in December and am not particulary bearish about the housing market. I did call you a retard though.

bad move it will be worth 50% less by this time next year 100% guaranteed.

interest rates will rise
only home-owners will be made unemployed and have their houses repossessed
the tories will sack the entire public sector
there is no oil left
inflation is rocketing
banks have no money
prices are guaranteed to drop because everyone (i mean everyone) is going to have to sell and will put their house on the market.

buying a house was a bad move Cleaver - you should know better from reading this forum.

Cleaver

chucky wrote: »

bad move it will be worth 50% less by this time next year 100% guaranteed.

interest rates will rise
only home-owners will be made unemployed and have their houses repossessed
the tories will sack the entire public sector
there is no oil left
inflation is rocketing
banks have no money
prices are guaranteed to drop because everyone (i mean everyone) is going to have to sell and will put their house on the market.

buying a house was a bad move Cleaver - you should know better from reading this forum.

All joking aside, I'm not sure that buying a house in December was completely the right thing to do if you look at it from a purely economical or financial point of view. I don't think all what you say above will happen, but I think some of them will and I think there's a risk that house prices could fall (although not by 50%). However, most people, including myself, don't buy a house for purely financial reasons so I'm not that bothered really.

We used to have a mortage on a house we rented out and I'm very glad we made the deicision to sell it and use the money to pay off a load of our main residential mortgage. I wouldn't want that hanging over my head at the moment, but then I'm sure many people see things more positively than I and feel that now is a good time to own investment propeties. Each to their own I guess.

chucky

Cleaver wrote: »

All joking aside, I'm not sure that buying a house in December was completely the right thing to do if you look at it from a purely economical or financial point of view. I don't think all what you say above will happen, but I think some of them will and I think there's a risk that house prices could fall (although not by 50%). However, most people, including myself, don't buy a house for purely financial reasons so I'm not that bothered really.

We used to have a mortage on a house we rented out and I'm very glad we made the deicision to sell it and use the money to pay off a load of our main residential mortgage. I wouldn't want that hanging over my head at the moment, but then I'm sure many people see things more positively than I and feel that now is a good time to own investment propeties. Each to their own I guess.

i 100% agree with you - there are more things to worry about that the value of your house. even if house prices fall, it means nothing because it's harder to get finance when house prices are falling.

any investment has a risk attributed to it - i'd much rather have a diverse portfolio across asset classes than have investments sitting in cash.

fc123

PasturesNew wrote: »

For me, the last 10 years have been the end of civilisation as I knew it.

In what way PN?

SailorSam

Looks like George Orwell may have got it right, but 2010 not 1984.