It's Spring, where's the Bounce?

damanpunk

Sorry mewbie, I should have made it a bit clearer what I was meaning. I meant maybe things are going ok for the buy to let landlord regulars on this forum (who always seem to be taking a bashing). There is no doubt that alot of silly people out there are in trouble.

Willievergetone

mewbie wrote: »

All depends on your view point of course. From mine I'll wait five years and then maybe it will be worth looking at BTL from a pension point of view. It's all about yield dontcha know? :rotfl:

Hope you are in stable employment otherwise you dreams will go up in smoke.

chucky

mewbie wrote: »

Just realised it's April, nearly, peak time for house buying / moving / nesting / etc. Interest rates are at silly levels but no signs of cheer on the housing market. Surely by now the BTL investors who said "they'd just buy more" would be piling in by now. If even these brilliant business minds are sitting on the sidelines then it seems much more pain is yet to come.

So far, in the recesssion, we have seen one failed attempt after another, to reflate / fix the economy. Brown has no more ammunition. The UK had the biggest house price bubble, and is the worst placed economy - this is a double whammy.

This house price crash could turn out to be the worst in history.

All depends on your view point of course. From mine I'll wait five years and then maybe it will be worth looking at BTL from a pension point of view. It's all about yield dontcha know? :rotfl:

you've been waiting for that headline since last spring

to be fair - i can't wait to buy another property. if another opportunity comes up it will probably be at the expense from someone trying to get on the property ladder.

to be fair to you Mewbs there are many people not positive about BTL and trying to sell thir property - one thing that i can tell you is don't go shared ownership, you'll regret it. you'll then come on this board knocking BTLers. :rotfl:

Generali

I suspect any spring bounce will be as long lived as this one:

tomterm8

mewbie wrote: »

Just realised it's April, nearly, peak time for house buying / moving / nesting / etc. Interest rates are at silly levels but no signs of cheer on the housing market.

The thing is, people will start looking now, if there is a spring bounce (particularly as Feb was very cold ) it takes a long time to purchase a house and see a bounce. Doesn't mean there isn't one. FWIW, I don't think there will be a bounce in the housing market this year.


Surely by now the BTL investors who said "they'd just buy more" would be piling in by now. If even these brilliant business minds are sitting on the sidelines then it seems much more pain is yet to come.

So far, in the recesssion, we have seen one failed attempt after another, to reflate / fix the economy. Brown has no more ammunition. The UKt 12 months had the biggest house price bubble, and is the worst placed economy - this is a double whammy.

This house price crash could turn out to be the worst in history.

All depends on your view point of course. From mine I'll wait five years and then maybe it will be worth looking at BTL from a pension point of view. It's all about yield dontcha know? :rotfl:

Some elements of a housing crash are relatively predictable. The commercial sector normally crashes after the domestic property sector. A number of US indicators are suggesting that in the US, this process has just started... i.e. the second property bubble has only just started to crash. If these indications are right, then looking at previous housing crashes we are in for a world of pain in the next 12 months, and house prices will not start to recover for at least another 2 years.

mewbie_2

chucky wrote: »

you've been waiting for that headline since last spring

to be fair to you Mewbs there are many people not positive about BTL and trying to sell thir property - one thing that i can tell you is don't go shared ownership, you'll regret it. you'll then come on this board knocking BTLers. :rotfl:

I have may have gone into bear mode having awoken from my winter hibernation - but can still appreciate a joke.

michaels

There is no property available here 3 beds and above, even the tat on the market from last year has sold so no point putting mine on to the market.

I suspect the doom mongers have put off all other potential sellers too hence no activity in which case any discussion of prices seems rather redundant.

mewbie_2

michaels wrote: »

There is no property available here 3 beds and above, even the tat on the market from last year has sold so no point putting mine on to the market.

I suspect the doom mongers have put off all other potential sellers too hence no activity in which case any discussion of prices seems rather redundant.

Anecdotal doesn't really cut it, unless you put up a Rightmove link or post code.

ad9898_3

agent_orange wrote: »

Another sad thread for the self-indulgent. What do you lot do for fun ?

After going to the pub we all pile round Jacqui Smith's husbands house, while she's 'working' at her sister's house. He has one of those 'motorised' satellite dishes for picking up 'european' channels, if ya know what I mean.:D

ad9898_3

agent_orange wrote: »

but unlike yourself and many other posters
here, I take no pleasure in other peoples misery.

Don't give me that cac:D, everyone likes a bit of schadenfreude, it's one of the most satisfying human emotions, although few admit it.