Superb piece on Yahoo Money following on from -55% prediction

Graham_Devon

stevetodd wrote: »

I am confident I know what I am doing (by the way its 600k) as I want 3, but may struggle to get 3 as I don't do houses with single bedrooms and I am looking in a very specific area. I know what I want and will not compromise

So this is why you keep telling us everything is good news?

Because you want to profit from it all, and seem to have missed the profit boat.

Cleaver

dopester wrote: »

I think I'll buy a house at 1982-83 price levels.

If you do do that, would you consider getting a Kevin Keegan perm to make the purchase really authentic?

stevetodd

Graham_Devon wrote: »

So this is why you keep telling us everything is good news?

Because you want to profit from it all, and seem to have missed the profit boat.

What are you talking about I bought my first properties in 1991 I have serious profit/equity already, I am talking from experience and want to expand on existing profits

dopester

stevetodd wrote: »

I am PMing you I think this is best resolved from a personal meeting

Leave it out Steve. You're playing around with over half-a-million pounds, and whatever else your portfolio is currently worth. You can rise above a bit of teasing and banter from others, and counter my honest fears.

BTW - is it Harringey or Haringey.

MrDT

stevetodd wrote: »

I have PM'd you I think this is best resolved from a personal meeting, I think keyboard bravery is !!!!!!!! and men should be able to face up to each other, hope you agree.

For the record if you search my posts you will see that I have mentioned which indice to use in previous posts, afterall I am a chartered surveyor and obvioulsy well aware of the various indices

Replied. Again I am politely declining your offer.

I'm at a loss as to where I have tried showing some kind of internet warrior idiocy, your PM on the other hand... :rolleyes:

davilown

Just to put my two pence worth in, I think that 42% from peak is an acceptable expectation, however, I can see then potentially going over 50% before they rise up to this 42% drop.

I think this will take 2-3years to occur and the market will not recover by any stretch of the imagination for a further 5-6years. 2015-16 of the first real rises, but only at the rate of inflation.

The only people who will be able to take advantage are those who had sense, or were lucky enough to take their money before Dec 2008, or those that are FTBs with good incomes.

Houses I've been watching, within a 10 mile radius, have dropped on average 12%. Max drop of 25% and one house had an increase of 10.6% over the price it sold for in Sept 2007! The main three houses I'm an looking at have dropped 20% since July 08 from £250k to just below £200k but will not be able to buy till I have saved myself a decent deposit (hopefully by next summer).

I was lucky enough not to buy in Aug 2007 - I think the fear of owing on a 125%:eek: mortgage put me off eventually and now I am thanking the stars. I do, now however, feel for those who are going to fall in NE and have to face the debt or other outcomes.

MrDT

stevetodd wrote: »

Perhaps I was a bit over the top but interestingly all of a sudden your attitude changes

My attitude hasn't changed one bit champ. You seem to have been reading something into my posts that's simply not there.I'll cut you a break though; You seem a bit tired and emotional this evening.

reduceditem

stevetodd wrote: »

Actually I first got that figure about a year ago from the spread betting market, where you can bet either way (up or down) so it's a very accurate approximation of where things might go.

It's a very accurate approximation of what some people think (thought) might happen, nothing more.

If the spread betting market from a year ago is good for your argument then it has to stand up to analysis across the board....which it doesn't.

Chad_as_yer_dad

reduceditem wrote: »

It's a very accurate approximation of what some people think (thought) might happen, nothing more.

If the spread betting market from a year ago is good for your argument then it has to stand up to analysis across the board....which it doesn't.

stevetodd - you don't seem intelligent enough to be a chartered surveyor, nor intelligent enough to know what you are are talking about, let alone say or brag that you are to be buying three properties because you can afford it. I'd quote the exact words you said but I cant be bothered.
Go back in your dream world hole and stop posting inane comments.

stevetodd

reduceditem wrote: »

It's a very accurate approximation of what some people think (thought) might happen, nothing more.

If the spread betting market from a year ago is good for your argument then it has to stand up to analysis across the board....which it doesn't.

I think the point you are missing is that the prices have not really moved for a year so the prices are current, so I don't see your point at all, please explain?

Although I have to say that I just went to check the prices and the link is gone so it's a couple of weeks old now