Debate House Prices


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  • geoffky wrote: »
    WHEN i look back and remember all the idiots on here at the beginning of last year who were saying there would be no crash as the government will not let it happen and all is rosy so if you want to buy go ahead and do so.
    (I see most of them have left here and not returned but a few remain.
    At the time i thought they were dangerous people and got very angry with them trying to get people to buy because they had a interest in the markets...Now i think they should be ashamed of themselves at the way they acted.
    When asked it turned out most of them were slumlords or estate agents and mortgage brokers(remember all them on here touting like tarts on the street)
    I just hope a few listened and did not get caught out....

    ANYONE REMEMBER SOME OF THE NAMES?

    Probly still on here - i wasn't on then so cannot help with remembering names sorry.

    they're probly got new names, 0 posts and 0 thanks or something:rotfl:
    Time is the best teacher
    Shame it kills all the students
    :p
    *******************************************************************************************
  • It wouldn't surprise me if the same people come back under another ID that criticize people who say that house prices will fall by XX% or that they are still making a fortune on BTL and all FTB's will miss the boat if we don't buy now etc..

    Imagine them spitting on their screen as they write their troll posts like that Bruno guy.
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Snooze wrote: »
    I want to know who 'mewbie' used to be. I can just tell he's an old member from the way he posts. :cool:

    Rob

    Dolce Vita or Nelly. One of the two.
    poppy10
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite

    Before long it will be impossible to predict that house prices will ever rise again without someone leaping upon you and calling you a crackpot (already there maybe).

    That will be the point at which one should seriously think about buying.

    Public and media sentiment meant that the meme of ever-rising prices got entreched in the minds of the public causing the bubble to be bigger and anyone speaking the obvious truth got slagged off as a doom monger.

    The same will happen as prices go down whether or not it makes sense to buy. Which means there will be some great bargains to be had as prices undershoot - probably undershoot quite a bit given how big the bubble was.
    --
    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.
  • poppy10 wrote: »
    Dolce Vita or Nelly. One of the two.

    Not Nelly - his writing style was quite different (and Mewbie's spelling etc is much better)
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • geoffky
    geoffky Posts: 6,835 Forumite
    The problem I have the the "I saw it coming" braggards is that they apparently saw 'it' coming, but didn't really seem to do any about 'it', except continue to not be able to afford to buy a house.

    I also 'saw it coming' but didn't feel the need to drive the message down people's throats (people will either listen to warnings or they won't - no use becoming a crank and have people start avoiding you) nor do I feel the need to do a big 'I told you so' either.

    I simply put myself in the position to ride out any downturn in the economy and housing market. I took my pension out of equities and into cash funds, I paid off every bit of credit I had (including a 0% sofa loan), I built up an emergency fund that was originally covered 6 months outgoings but now covers 12 months and I then started to overpay my mortgage by a significant amount. I also encouraged others to do this, both on here and in 'real' life.

    I think it says a lot about people's characters if they felt the need to brag about their equity and if they need to scoff at people's current difficulties. I've done neither, I have simply gotten on with my life and protected my family the best I could. I also believe that I'm not alone in this. I think there isa silent majority of people, who also 'saw it coming', but instead of arguing with internet strangers about it, quietly got on with preparing themselves.

    what a load of rubbish.. so what you are saying is people who were saying there is going to be a crash have not saved any money and not positioned themselves to be able to take the opportunitys as the arise .They will have saved a lot more money in the time since and just by not buying will have saved themselves a fortune. like i have saved myself 70k by not buying in aug 06 due to interest earned in the bank and price drops.....
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker

    Interesting, I note you were calling the top of the market in that thread :T What were you saying to your clients?
    '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 Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    geoffky wrote: »
    what a load of rubbish.. so what you are saying is people who were saying there is going to be a crash have not saved any money and not positioned themselves to be able to take the opportunitys as the arise .They will have saved a lot more money in the time since and just by not buying will have saved themselves a fortune. like i have saved myself 70k by not buying in aug 06 due to interest earned in the bank and price drops.....

    Unless of course they sold a property and invested the proceeds in, dare I say it The Stock Market :eek:
    '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 Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    geoffky wrote: »
    what a load of rubbish.. so what you are saying is people who were saying there is going to be a crash have not saved any money and not positioned themselves to be able to take the opportunitys as the arise .They will have saved a lot more money in the time since and just by not buying will have saved themselves a fortune. like i have saved myself 70k by not buying in aug 06 due to interest earned in the bank and price drops.....

    it's a bit early in the day to already be on the sauce Geoffrey!?!? :rotfl: :rotfl:
  • Not buying something because it is too expensive is positioning yourself imo
    Prefer girls to money
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