House prices dived in June

nearlynew

geoffky wrote: »

i have not missed the boat... but you bought in the very month in 2007 that was the very very top of the market...no wonder you need reassurance and your decision reminds me that you DID not have a clue about markets and their behavior and after doing a little homework after you have bought at peak you are praying that you can get out unscathed.....but guess what...its game over for a very long time..

But, don't forget, McTwavish doesn't even know when he actually bought his house.

nembot

The Banks greed with no regulation from the Goverment has lead us down this road to hell, there are no turns, it's just straight ahead into poop street for the next few years...

I think the term for the current situation is Bull Trap and it's definitely worded correctly. Anyone who thinks things are on the up, are absolutely kidding themselves.

ShelleyC_2

skap7309 wrote: »

Ouch, a bit like when women say football is only a game.....:rotfl:

ess0two wrote: »

!!!!!! dont even attempt to describe the off-side rule either.

Oh come on football is easy to understand but happy to admit house prices get me confused.

ManAtHome

ShelleyC wrote: »

Oh come on football is easy to understand but happy to admit house prices get me confused.

Easy enough - if there's an estate agent between the buyer and the mortgage supplier when the first offer is made and other buyers are not interfering with play, the offer may be accepted...

tommy75

HAMISH_MCTAVISH wrote: »

Desperate is as desperate does.......

(to paraphrase a certain movie)

Perhaps geoffky is worried about missing the boat again.......

RUN, geoffky, RUN!!!!!!:rotfl:

How can you miss the boat if its still the top of the cycle? Example: My fathers house was worth about 70k in 2001. He sold it for 145k in 2005 and is now currently up for sale for 189k today. Average house prices have come down about 16% since 2007 and mortgage rates have gone up about 2.5% for a ftbs so effectively the crash hasn't happened yet because of QE and massive government borrowing. Are you having a laugh? It's hard to tell. :rolleyes: