Are Bulls on MSE : EA's : BTLers : Other :

Conrad

Tommy has a point. On the other hand I have to say the averagage person walking into my shop tends to be a good deal more optimistic and dare I say pragmatic than folk on here.

Pessimists are very zoned in on money preservation, whereas 99% of the people I see have a much more relaxed approach - that could be summed up as - 'prices might fall some more, but I want my own place and need the kids to be settled, and when I come to sell in 15 years prices will have gone back up anyway'

They simply do not measure thier contetedness in terms of money preservation.

tommy75

Conrad wrote: »

Tommy has a point. On the other hand I have to say the averagage person walking into my shop tends to be a good deal more optimistic and dare I say pragmatic than folk on here.

Pessimists are very zoned in on money preservation, whereas 99% of the people I see have a much more relaxed approach - that could be summed up as - 'prices might fall some more, but I want my own place and need the kids to be settled, and when I come to sell in 15 years prices will have gone back up anyway'

They simply do not measure thier contetedness in terms of money preservation.

Oh I agree, average joe just trys to buy houses at whatever prices they are thats why they are easily led. Just last week a colleague said the famous words "Before I miss the boat".

mbga9pgf

Pessimists are very zoned in on money preservation

You ever think we are more interested in not prostituting ourselves to the banks purely to keep the debt mega-bubble alive and allow the boomers an easy retirement?


I am heavily invested and have made a fair old whack in the past 12 months, netting 10% profit from my savings. (IG index platinum ETC spreadbet my biggest gainer).

That investment has nothing to do with property I assure you that, nor will it be for the forseeable. Besides, with RPI negative and savings rates of 3%, I would say a real 5% growth in value for those with cash savings is a far better 'investment' than bricks and mortar which have fallen a real adjusted 18% in the past 12 months? Just because the media convinces silly little pr*cks with more money than sense that bricks and mortar is a one way bet does not make it a good investment in my book. You also forget to mention some of the ones that had highly leveraged loans and took on 'risk' have now lost their shirts, destroyed their fiscal wellbeing and NOW realise bricks and mortar is not a one way bet.

Where is the recovery coming from? As a mortgage adviser, surely decreasing salaries, increasing unemployment and falling GDP for the forseeable are not metrics you would associate with bumper lending? And if the market is going back to normal, why are many banks pulling long-term fixes and increasing rates (abbey have just got rid of a 10 year fix for 4.99% and increased the deposit requirements on their 5 year fixes by 5%).

StevieJ

mbga9pgf wrote: »

.

That investment has nothing to do with property I assure you that, nor will it be for the forseeable. Besides, with RPI negative and savings rates of 3%, I would say a real 5% growth in value for those with cash savings is a far better 'investment' than bricks and mortar which have fallen a real adjusted 18% in the past 12 months?

RPI is only negative if you have a mortgage

mbga9pgf

Try selling your house for 2007 value then if you believe that! All that matters to me is how my cash is performing vs housing. Over the past 12 months, I have saved around 19% off a mortgage.

Gorgeous_George

It's different this time because...

...prices will not 'recover' in our lifetime.

GG

Really2

carolt wrote: »

whilst 2 (mitchaa and Really) bought close to the peak so are presumably stressed about negative equity.

.

What 2001 and then 27% below peak in 2008 (well 27% below April 08). Nice try Carol but I still have 40% equity (based on recent sale prices)

Again a bear tries to deflect how bad they feel on others.

Whats your problem Carol this bring up of names to hide your own fears? Let us all know.

Really2

fatpig wrote: »

Quite a few of them are new build muppets who really don't like to be reminded of their folly

Now come on fatpig you can admit when you are jelous we are all friends here.

As I said when ever you need a spare room.

ad9898_3

Gorgeous_George wrote: »

It's different this time because...

...prices will not 'recover' in our lifetime.

GG

I have been noting your posts of late George, you seem to getting more bearish than I remember when I first joined.

carolt

Really2 wrote: »

What 2001 and then 27% below peak in 2008 (well 27% below April 08). Nice try Carol but I still have 40% equity (based on recent sale prices)

Again a bear tries to deflect how bad they feel on others.

Whats your problem Carol this bring up of names to hide your own fears? Let us all know.

Why should I feel bad that you bought at peak and that the value of your house is falling?

Hardly my problem.