Some of you are vultures

SingleSue

The other thing to remember is that even if houses start to recover in 12 months (which I don't think they will but never mind), they won't immediately jump back to the value they were at the height, they will take time as the market refinds its confidence.

This can take years........

I liken it to a snowball falling off the mountain, the start is slow but it gradually builds up momentum as it reaches the bottom, it doesn't start with a huge momentum.

neas

chucky wrote: »

if you think that's the case and you want to get a cheap house - your local property prices will be the least of your worries... trust me...

I dont believe this but worringly a few friends believe this 2012, doomsday armageddon theories.

Mozette

neas wrote: »

I dont believe this but worringly a few friends believe this 2012, doomsday armageddon theories.

Happy to be an atheist!:D

dazco

Broken_hearted wrote: »

You want it to be bad so you can get a cheap house. My point is people won't/can't afford to drop the prices. So those who can will sit tight and the market will mainly open up by people going under, if loads are going under credit will stay tight and even that affordable house will be out of your reach.

Not at all.

I want all houses to be affordable (cheap) for everyone, I firmly believe people should be able to buy a house for 3 X their income.People are going under and that is because they borrowed beyond their means and because people borrowed beyond their means the price of housing went out of control. Imagine the turmoil if interest had hit 15% again.

Dirty buy-to-letters claiming more than their fair ration of houses causing a vacuum in the market forcing prices up further.

Idiot houseowners bragging over cheese and pineapple on cocktail sticks that their house had gone up £100,000 in three years, all of which is no good unless they intend to leave the country or borrow on it because every other bloody house has gone up too. So their house is worth, relatively, nothing more.

All these things were stupid and it did not take the brains of an Archbishop to see what would happen.

So, yes, I do want cheap houses but not just for me, for everyone.

And to suggest an affordable house will be out of reach to me is ludicrous. I am a cash buyer and can step on the housing ladder whenever I want, but will stay in my rented ex-council house until I consider it is the right time to do it.

I expect to be here for a while

oldMcDonald

Originally Posted by dazco
... the finger stuck in the dyke that represents property prices.

mewbie wrote: »

Fionulla Earley?

:rotfl:

That is so naughty of you, mewbie! (but just so funny!)

mr.broderick

dazco wrote: »

Not at all.

I want all houses to be affordable (cheap) for everyone, I firmly believe people should be able to buy a house for 3 X their income.People are going under and that is because they borrowed beyond their means and because people borrowed beyond their means the price of housing went out of control. Imagine the turmoil if interest had hit 15% again.

Dirty buy-to-letters claiming more than their fair ration of houses causing a vacuum in the market forcing prices up further.

Idiot houseowners bragging over cheese and pineapple on cocktail sticks that their house had gone up £100,000 in three years, all of which is no good unless they intend to leave the country or borrow on it because every other bloody house has gone up too. So their house is worth, relatively, nothing more.

All these things were stupid and it did not take the brains of an Archbishop to see what would happen.

So, yes, I do want cheap houses but not just for me, for everyone.

And to suggest an affordable house will be out of reach to me is ludicrous. I am a cash buyer and can step on the housing ladder whenever I want, but will stay in my rented ex-council house until I consider it is the right time to do it.

I expect to be here for a while

I am always suspicious of people who can step on to the housing ladder at any time and pay cash but would prefer to stay in a rented ex-council house instead. The mind boggles.

pickles110564

dazco wrote: »

I expect to be here for a while

Why not go and spend all of your cash, you might be able to get something from poundland.:rotfl:

dazco

pickles110564 wrote: »

Why not go and spend all of your cash, you might be able to get something from poundland.:rotfl:

Yeah, your house in a few months

:rotfl:back atcha

mvengemvenge

mewbie wrote: »

Fionulla Earley?

Do you know one of her girlfriends????

dazco

mr.broderick wrote: »

I am always suspicious of people who can step on to the housing ladder at any time and pay cash but would prefer to stay in a rented ex-council house instead. The mind boggles.

Why would I not?

I believe house prices are going to take a massive tumble, quite soon I should think if Darling has to raise interest rates to stop the pound being worth less than the euro, so why would I buy one now knowing I will get the same or similar a lot cheaper in the near future?