Are the "bears" too tight or too skint

Really2

Snooze wrote: »

:T

Rob

I also missed out are you 11 years old, got up in the middle of the night and had a sneaky go on the computer.:rolleyes:

PasturesNew

I am "other".

I am waiting to get a nice permanent job, OR, find Mr Right (who will look after me and probably have a house already anyway).

I need to know where I'll be before I can buy a house.

Snooze

Really2 wrote: »

I also missed out are you 11 years old, got up in the middle of the night and had a sneaky go on the computer.:rolleyes:

:rotfl:

You really do need to stop bursting a vessel whenever someone mentions (directly or indirectly) your £300k papermache BTL. You fall for it every time :rotfl:. Mind you, I'd probably be a bit annoyed too knowing that my investment was now worth around £2.50 :rotfl:. Deal with it.

Rob

ruggedtoast

I am tight skint, and bitter.

FoxtonsRIP

Snooze wrote: »

:rotfl:

You really do need to stop bursting a vessel whenever someone mentions (directly or indirectly) your £300k papermache BTL. You fall for it every time :rotfl:. Mind you, I'd probably be a bit annoyed too knowing that my investment was now worth around £2.50 :rotfl:. Deal with it.

Rob

Really2's new-build shack is a rather sore point with him, please don't mention it again

Harry_Powell

Did you hear about the new-build paper shop?

It blew away.

Generali

PasturesNew wrote: »

I am "other".

I am waiting to get a nice permanent job, OR, find Mr Right (who will look after me and probably have a house already anyway).

I need to know where I'll be before I can buy a house.

You won't need a house when you live in a palace.

carolt

FoxtonsRIP wrote: »

Really2's new-build shack is a rather sore point with him, please don't mention it again

Oh go on, do.

Just so we can picture his face.

julieq

The bears here only really have one winning strategy. Wait for a bubble, attempt to sell at the peak, and wait for the trough. And since most of them appear to get their information on the shape of the market from rather peculiar conspiricist websites in the US or the UK press (most journalists rehash and sensationalise, they don't attempt deep understanding), it's not surprising that most of the bears sold well short of the peak and will buy above the bottom, having paid a lot of rent in the meantime. Probably there's a marginal profit in there somewhere, but the key to riches is turnover, not trying to find one big winner. "Courage, and shuffle the cards" as Lola Montez had it.

I actually laughed out loud a week or so back when a Motley Fool mailing pointed out breathlessly what I'd pointed out here a while back, yields on rental property make it a stonking investment just at the moment. But the bears will have missed that as they sit with their trend models and spirit levels waiting for a notionally optimum point in the cycle.

All the same, winning is not easy. Had a dire night at Lingfield last night, just the one winner (Intolerable) and missed a brilliant e/w on Charles Darwin by being too cheap to back the e/w part based on some spurious notion of bank management. But the Saw Doctors were excellent.

GDB2222

I voted "Too Tight". I'm not skint, but want to buy property when it's priced below the curve not above it.

At the moment, the average house price is around 4.8 x earnings. The long-term average is around 3.5 x. I think it's a mug's game to pay 30% over the average, as at present. That's particularly as the average wouldn't be the average if market prices didn't dip below the average for some of the time.

If there's been a structural shift in the market, and the average has moved for the future, then I may be caught out, but I'm prepared to take my chance on that.