Experts say wait 5 years to buy back into property

lana22

ukcarper wrote: »

That was for a 40 hour week £1.50 for paper round way to much mine was 14/6

I got paid £3 for my paper round and that was only 10 years ago!

ukcarper

I should think my 14/6 must have been equivalent to about £15 ten years ago

lana22

ukcarper wrote: »

I should think my 14/6 must have been equivalent to about £15 ten years ago

Just spoke to my boyfriend, apparently he earnt £20 for his paper round! I can't believe it! Although he say his took 2.5 hrs each morning. Mine was much quicker and was only 5 days a week. When I started work in a shop age 15 I got £2.50 an hour, so £20 for a paper round was a hell of a lot of money. I know people who washed up in pubs who got £2 an hour 10 years ago.

rent_and_buy

I could not be bothered to read through all this thread, but i seen the title and just thought i would add this.

How many of these so called experts said two years ago, there would not be a house price crash, i suspect most of them, so whatever they say or write, i take with a pinch of salt.

geoffky

this is the fastest ever housing crash...and the worst...

Yoshua

Dan: wrote: »

I agree, the recent HPI has been ridiculous. But with 20% - 30% down I think we're back to a point of affordability.

I cant believe there are still people like you left. Surely there are not many like you still in the denial stage, most are now in the fear stage with capitulation still to come.

http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664.aspx

How can you say "I think we're back to a point of affordability" when we are still so far above the long term mean average? Affordable you say, maybe to people with more cash than brain cells, but to everyone else getting a mortgage is now the hardest its ever been and will get even more impossible soon.

Any market will always go back to equilibrium because it must, which is why you must always get out during the booms.

Dan:_4

Yoshua wrote: »

I cant believe there are still people like you left.Surely there are not many like you still in the denial stage, most are now in the fear stage with capitulation still to come.

http://www.moneyweek.com/investments/property/uk-house-prices-will-plummet-look-at-this-scary-chart-14664.aspx

Denial stage?, fear stage? what are you on???

That chart is a joke and is designed to give fool's like you some hope.

Yoshua wrote: »

How can you say "I think we're back to a point of affordability" when we are still so far above the long term mean average? Affordable you say, maybe to people with more cash than brain cells, but to everyone else getting a mortgage is now the hardest its ever been and will get even more impossible soon.

It's not just me saying it, try reading the media - and not just the 'news' you want to hear.

FTBers could afford to buy in 2007, so why can't they afford now with 20% down? plus they've had two years to save a nice deposit.

You must be another one who earns a below average salary but assume you have the right to buy an above average house.

Yoshua wrote: »

Any market will always go back to equilibrium because it must, which is why you must always get out during the booms.

Your the second person to tell me to "get out during the booms"

Do you mean move my entire family into rented accommodation so I can cash in on my house?

If so, it would seem you aim is to buy low and sell high, which is fine - but to most, we want to buy a home and that's it.

Yoshua

Dan: wrote: »

Denial stage?, fear stage? what are you on???

That chart is a joke and is designed to give fool's like you some hope.



It's not just me saying it, try reading the media - and not just the 'news' you want to hear.

FTBers could afford to buy in 2007, so why can't they afford now with 20% down? plus they've had two years to save a nice deposit.

You must be another one who earns a below average salary but assume you have the right to buy an above average house.



Your the second person to tell me to "get out during the booms"

Do you mean move my entire family into rented accommodation so I can cash in on my house?

If so, it would seem you aim is to buy low and sell high, which is fine - but to most, we want to buy a home and that's it.

I'm sorry Dan I know its hard for people like you.

But to try and convince yourself and others that the crash is over is futile.

You obviously believe what the media want you to believe and think that this is it, prices are going back up soon, after all House prices always go up in value right.

Crash Gordon has put a stop to these falls. Things will recover. You go on thinking that Dan. But as I said in my last post there are not many like you left in denial.

In 5 years when we are at the bottom I will accept your apology.

Dan:_4

Yoshua wrote: »

Im sorry Dan I know its hard for people like you.

But to try and convince yourself and others that the crash is over is futile.You obviously belive what the media want you to belive and think thatthis is it, prices are going back up soon,

Who said the crash was over?

Yoshua wrote: »

House prices always go up in value right.

Long term, yes.

Yoshua wrote: »

Crash Gordon has put a stop to these falls. Things will recover. You go on thinking that Dan. But as I said in my last post there are not many like you left in denial.

Not back to this denial and fear sh!te again are we...:rolleyes:

Yoshua wrote: »

I 5 years when we are at the bottom I will accept your apology.

Not to worry, in less time then that, it will be me accepting your apology.

Yoshua

Dan: wrote: »

Who said the crash was over?



Long term, yes.



Not back to this denial and fear sh!te again are we...:rolleyes:



Not to worry, in less time then that, it will be me accepting your apology.

Oh so you think your not in denial, oh so you must not be then.

OK house prices have bottomed out they wont go down anymore, horay!


In the real world however you are wrong.