Some of you are vultures

ess0two

neverdespairgirl wrote: »

What makes you state that as fact? Could you explain your thinking?

Explain why not then,2 sides to a story.

If i'd have told you in July petrol would be 82p a litre in Jan,you'd have laughed me off the boards.

dazco

ess0two wrote: »

Top post Broders,the majority are sitting on pots of 100k plus,expecting to buy 400k houses at 200k.
And have also predicted this crash last year.........

Not a top post.

I have the money, not a brag just proving my point.

And I did not predict a crash last year but I did say house prices were stupid and unsustainable. On here if you wish to search.

dazco

ess0two wrote: »

Explain why not then,2 sides to a story.

If i'd have told you in July petrol would be 82p a litre in Jan,you'd have laughed me off the boards.

Do you really need explaining?

ess0two

dazco wrote: »

Do you really need explaining?

Fire away............

1echidna

ess0two wrote: »

Top post Broders,the majority are sitting on pots of 100k plus,expecting to buy 400k houses at 200k.
And have also predicted this crash last year.........

:rolleyes: Just right for the meat to be really rotten, just right for a vulture.

SingleSue

mr.broderick wrote: »

It's going to get nasty on here the next few days guys, it will not be a place for young ladies.

Well that is alright then.....I've not been classed as young for a few years now! :rotfl:

sabretoothtigger

Property will start to rise again in about 12 months

Why by the basic principles of supply and demand would prices have a reason to rise again so soon. The most optimistic view would be a slowing of the rate of loss and a stagnation to prices over the next year

A rise in prices means there is more money in the market then previously and supply is not rising as quickly.
Eventually that will be true because citys can only host so many houses its a natural ramp for prices, supply is limited. This is my own personal reasoning for hope and recovery but it'll not be a sudden rise imo and not in 2009

ess0two

1echidna wrote: »

:rolleyes: Just right for the meat to be really rotten, just right for a vulture.

Perhaps falls not that far,but i'm literally 30k away from a holiday/retirement apt in York.
Its likely with what i currently own this opportunity will never come at a better time age wise.

dazco

ess0two wrote: »

Fire away............

Because there is no confidence in the economy

Because people have taken out mortgages that they cannot repay

Because the the interest rate has to go up soon. It may not do but at the moment it is artificially low.

Because many people are losing their jobs.

Because banks are not lending unless the lendee is rock solid.

Because estate agents are closing down and not opening new branches

Because the global economy is in meltdown.


Just a few off the top of my head.

Have a look at a motoring forum, price of used luxury metal has bombed to a silly level. This is because people are struggling. A lot. After the car has gone there is only the house left.

mewbie_2

ess0two wrote: »

i'm literally 30k away from a holiday/retirement apt in York

What's that in miles?