Autumn will be the time when price will fall long way

ess0two

LilacPixie wrote: »

We can't be at the bottom. There must be more to come.

I know several people who work in manufacturing, there is no overtime, shift patterns and therefore shift allowances have been amended Factory shut downs one week in eight. Their pay is now significantly less than it once was. These people could easilly afford their mortgage based on what was their take home pay was last year and the year before . They are only just making it with IR as low as they are. If/when rates increase they are well and truely b_ggered.

This canot be a unique situation, thousands will be the same all over the country. Thing is in that position there is no benefit because still employed, no redundancy pay as still employed and mortgage protection if they have it won't kick in as they are still employed.

Just read your sig,VI on your part.

Max_Headroom_3

ess0two wrote: »

Just read your sig,VI on your part.

So that makes what she wrote untrue how?

If that's the best "argument" you can come up with then it's pretty poor.

ad9898_3

ess0two wrote: »

Just read your sig,VI on your part.

And what about your VI, you seem to be one of the 'bullish' posters, so what's your story, have a house ?, have a mortgage ?, work in construction ?, an EA ? etc......, the point is, pretty much everyone has VI who posts on this board.

StevieJ

ad9898 wrote: »

And what about your VI, you seem to be one of the 'bullish' posters, so what's your story, have a house ?, have a mortgage ?, work in construction ?, an EA ? etc......, the point is, pretty much everyone has VI who posts on this board.

Everyone is a VI, I admit my VI is seeing the UK come out of recession and eventually getting people back to work, unlike the VI of a great number of posters on here.

pickles110564

ad9898 wrote: »

And what about your VI, you seem to be one of the 'bullish' posters, so what's your story, have a house ?, have a mortgage ?, work in construction ?, an EA ? etc......, the point is, pretty much everyone has VI who posts on this board.

Ad, your's is that you want houses prices to crash so much that you aint given the slightest thought to those families that would suffer.

ess0two

Max_Headroom wrote: »

So that makes what she wrote untrue how?

If that's the best "argument" you can come up with then it's pretty poor.

Theres a common theme here that people wont be able to afford mortgages if and when rates go back up.
Only the minority are truely enjoying low rates,the majority will be somewhere in the region of 4-6%.
Hardly earth shattering if and when again,an IR occurs.

Are people really seeing savages cuts in wages?unemployment inevitable and occured to people during the boom.

Seems those who are wanting to buy paint the worst picture.

ess0two

ad9898 wrote: »

And what about your VI, you seem to be one of the 'bullish' posters, so what's your story, have a house ?, have a mortgage ?, work in construction ?, an EA ? etc......, the point is, pretty much everyone has VI who posts on this board.

I'm too far down the line to really care,i've done well out of HPI and HPC.

ess0two

pickles110564 wrote: »

Ad, your's is that you want houses prices to crash so much that you aint given the slightest thought to those families that would suffer.

Counts for 90% of this board.

It took 8yrs to peak the boom,yet some want it over in 2 yrs,like a pint of guinness,you cant rush these things.

amcluesent

I'm starting to think that STR, even now, is making sense while we are in the last, lazy summer before a decade of austerity.

Being mortgage free, and having bought in the 1980s, selling up would let me bank cash (probably buy bullion gold) and then see how the coming chaos plays out.

Graham_Devon

ess0two wrote: »

Theres a common theme here that people wont be able to afford mortgages if and when rates go back up.
Only the minority are truely enjoying low rates,the majority will be somewhere in the region of 4-6%.
Hardly earth shattering if and when again,an IR occurs.

Are people really seeing savages cuts in wages?unemployment inevitable and occured to people during the boom.

Seems those who are wanting to buy paint the worst picture.

People are loosing their houses NOW.

We have had the emergency mortgage rescue plans come in.

Reposessions are going up, bankrupcies are going up.

What's all this talk about how everyone will be able to afford things in the future, most people are on trackers and all that other nonsense.

People are suffering NOW, we have more people in 3 months arrears than we have since the 70's.

So the common theme you mention...these people are looking at what is happening now and are not sitting under the illusion umbrella thinking that actually, it will all get better and people will be able to afford more, when they have to pay out more and everything goes up.

I look at some posts in shear amazement, as the blinkers people have on must be huge!