Bottom Called

tommy75

I wouldn't listen to anybody who calls the top or bottom as its a pure guess. Unless he's related to Mystic Meg.......

Graham_Devon

BlondeHeadOn wrote: »

Just to add: I hope he's right though. It would be good news if this is as bad as it gets.

I don't really agree.

If thats as bad as it gets, then we are still way overpriced in most stuff, houses being the main thing. Which just means we'll all have to start taking on more debt again.

bendix

wolvoman wrote: »

Likewise why is those always calling for the situation to get much worse are renting and hoping to buy at a cheaper price. Hypocrisy on both sides I'd say.

quote]


I'm not sure if that's aimed at me. If so, you're wrong. I've decided not to buy a property in the UK, or in London where I work at any rate. Even if they dropped another 50%, they remain way overpriced for the generally poor quality they are. UK housing stock is a disgrace. The idea of mortgaging my soul for 20 years for some godawful two bedroom terrace in a dingy street in a dingy-er London suburb is just too depressing to think about.

I'll stick to my home overseas, and concentrate instead on raping and pillaging the place financially in the meantime :-)

StevieJ

Good to see someone who knows what they are talking about agrees with my previous forecasts -20% and bottoming in the spring I thought I was being optimistic, but this guy is a property market sage and worth listening to:D

StevieJ

ad44downey wrote: »

Property pimps have been calling the bottom of the market for the last 18 months. They really do have total and utter contempt for the Great British public when they come out with twaddle like this. They must be trying to lure the last few suckers out there into buying now.

If I remember correctly this company actually called the downturn at the correct time and was able to reduce their landbank ahead of the fall, not like companies like Barrett etc. Then again if he is not singing off your hymn sheet he must be a property pimp :rolleyes:

Dan:_4

Graham_Devon wrote: »

I don't really agree.

If thats as bad as it gets, then we are still way overpriced in most stuff, houses being the main thing. Which just means we'll all have to start taking on more debt again.

Just because you don't earn enough to afford something, houses or otherwise, does not necessarily mean it's overpriced.

sabretoothtigger

robin_banks wrote: »

If the recession is worsening how can the bottom of the market be called?.

Various markets work in different time frames.
If the british currency continues to fall then the price of houses may rise while the actual value continues to fall, does that make him right Im not sure and it depends where you would otherwise put your money I guess which is confusing

mewbie_2

Cleaver wrote: »

Has anyone done a 'I'll call you a bottom' gag yet? I was going to, but I'll leave it for mewbie.

Actually I'm going with "bottom, my @rse" this time around.

Cleaver

mewbie wrote: »

Actually I'm going with "bottom, my @rse" this time around.

PM me this time tomorrow if this still hasn't got any 'thanks' and I'll give you a clicky.



(I never use smileys, but felt I wanted to use one in this instance.)

mewbie_2

Cleaver wrote: »

PM me this time tomorrow if this still hasn't got any 'thanks' and I'll give you a clicky.

Actually I didn't post it for thanks. Honest. It was a valid statement on the veracity of the OP's link.