Anyone Nervous?

chucky

mewbie wrote: »

Sorry Chucky but I have put you on Mewbie Ignore. That is like proper Ignore, but I can still read your posts (or more accurately scroll past them). But I don't feel obliged to Reply.

so why reply - just shows your ignorance.
you'll say you don't care but you do hence the continuous replies...

so again tell me when does the graph start?
why is it always above the mean average?

i do realise that you're a blunt instrument but just have a go at answering...
i know you don't know the answers but it's funny to watch you avoid the questions.

mewbie_2

Dan: wrote: »

Defeated!

Oh not at all Chucky.. er.. Dan. For one thing I don't need to deploy aliases to back up my story. To break free from the endless moronic squabble fest is surely a victory.

chucky

still unanswered and a very weak reply- i remember Mewbie used to be a back-up for all the bears and used to jump into arguments afterwards and try to look clever.

but now he doesn't seem to have any of the answers or even be capable to discuss the topic and is making himself a complete tool and extremely thick.

Dan:_4

mewbie wrote: »

Oh not at all Chucky.. er.. Dan. For one thing I don't need to deploy aliases to back up my story. To break free from the endless moronic squabble fest is surely a victory.

I think your well and truly defeated Mewbs. Chucky asked you to comment on his point and you reply with "I don't feel obliged to Reply".

Classic.

Dan:_4

I can smell the fear this week.

mewbie_2

chucky wrote: »

Has anyone seen this graph? It's a pretty accurate reflection of the situation?

Finally, some sense.

Walter_J

Dan: wrote: »

Walter posts every now and again, very bearish and desperate for house prices to crash 50% - he has recently been made bankrupt so I guess he don't want any equity in the proprty, in case he loses the house.

Thanks for the concern;

Yeah, I only pop in now and again and was discharged from bankruptcy three years ago. I had the foresight to make sure that the house was in SWMBO's name and so it was protected completely. There is no mortgage.

I want house prices to crash 50% for the good of our society.

High house prices have been the most corrosive influence in our history. People have to become wage slaves in order to put a roof over their heads when they they could be leading far more productive and happy lives. High house prices benefit absolutely no-one except for speculators who trade in the misery of others.

I would be delighted if the price of my and everyone else's house fell by 50% permanantly. Then maybe we coud all have a healthier outlook on what is truly important in life while being able to afford to house ourselves.

ad9898_3

Guys, guys, you need to calm down, what we have seen this week is/was highly predictable, no boom or bust goes up or down continuously, it's impossible for any market nevermind the housing market to act in this way. Look at history, 24 months out of the 70+ months in the last crash showed a rise, the only surprise this time is it's happened far less frequently this time so far.

Don't forget, prices still fell (not by much, granted) for 3 years ('93-'96) in the last crash when, IR's were falling, taxes were falling, unemployment was falling, GDP was rising and the general economy was in far, far better health than it is now, with low public and personal debt.

I won't go over it again, but we all know which way those factors I have mentioned are heading at this time in the cycle. Relax, it's Saturday, go out for a beer.:)

Snooze

chucky wrote: »

if you really believe in the picture what is your view on this?
http://forums.moneysavingexpert.com/showpost.html?p=22201661&postcount=108

Having read your comments in the link above I'm struggling to figure out what your point is, exactly?

The time factor is irrelevant unless you are being extremely short-sighted. The graph clearly shows that things are expected to take an almighty tumble once out of the "bull trap" so if we look upon the graph as if it were directly related to house prices (which seems to be what you're implying) then clearly it is unwise to be buying right now as huge falls are expected within a few years.

For what it's worth, I don't agree nor disagree with the graph and don't know what will happen over the next few years any more than you do, I just think that your 'argument' was rather weak.

R

Snooze

Snooze wrote: »

Having read your comments in the link above I'm struggling to figure out what your point is, exactly?

The time factor is irrelevant unless you are being extremely short-sighted. The graph clearly shows that things are expected to take an almighty tumble once out of the "bull trap" so if we look upon the graph as if it were directly related to house prices (which seems to be what you're implying) then clearly it is unwise to be buying right now as huge falls are expected within a few years.

For what it's worth, I don't agree nor disagree with the graph and don't know what will happen over the next few years any more than you do, I just think that your 'argument' was rather weak.

R

By the way chucky, surely August 2007 was not the 'First Sell Off' point in the graph, but actually the 'New Paradigm' point? I don't recall 'enthusiasm', 'greed' and 'delusion' happening after August 2007...

R