Warren Buffet's mantra - 'Buy when no one else is'. So, why aren't you?

lostinrates

Really2 wrote: »

(less tha 70K this year I belive)

70k? £70,000?

I was following an acion where the one repo sold for £555000.

I think you've got the figure wrong

the_ash_and_the_oak

Really2 wrote: »

Anyone not beliving they could not pick up a repo for half 2007 is an idiot with mortgages hard to come by.

Problem is most still think their is further to go and dont bother. Secondly repos make up a small portion of the market (less tha 70K this year I belive)

I HAVE BEEN SAYING REPOS WOUL BE THE DRIVING FACTOR OF FALLS THIS YEAR.

But then again why listen when you can make out I am always saying buy now.:rolleyes:

not really feeling this. feel govt/boe policy has been to reduce forced sales and repos. think its worked to a good degree imo. not really expecting any big falls in 2009

may have been a big factor in 07/08 falls but imo driving factor of falls is not existing owners. it is future/potential owners

Really2

lostinrates wrote: »

70k? £70,000?

I was following an acion where the one repo sold for £555000.

I think you've got the figure wrong

No 70K as in 70,000 properties I did not put a £ at the front.

Belive me I am right;)

Really2

the_ash_and_the_oak wrote: »

not really feeling this. feel govt/boe policy has been to reduce forced sales and repos. think its worked to a good degree imo. not really expecting any big falls in 2009

may have been a big factor in 07/08 falls but imo driving factor of falls is not existing owners. it is future/potential owners

indeed the goverment intervention might stop it but i am not like many who will make out i predicted somthing differnet 6 months ago.(I said it i admit it):)

i said that would be the driving factor of falls, to all extents fall look muted and so do repos compared to the forcast:)

the_ash_and_the_oak

Really2 wrote: »

indeed the goverment intervention might stop it but i am not like many who will make out i predicted somthing differnet 6 months ago.(I said it i admit it):)

i said that would be the driving factor of falls, to all extents fall look muted and so do repos compared to the forcast:)

think the govt intervention IS stopping it (which the figures show)

think we won't see consistent falls again till next year. think the next stage when it comes will be more to do with the fact people don't really have enough money to buy at current prices imo