BBC: Homes 'May rise in value in 2009'

Conrad

Chris2685 wrote: »

In a perfect world I would debt myself up to the eyeballs, hold my nose, take the plunge, and come out smelling of roses... The world isn't perfect though.

I don't know you, but for some uber - pessimists the time will never come. For them the world is a place of danger, always.

geoffky

All you people hoping for price rises are forgetting one thing,after the general election the Tories are going to make life very difficult for so many its not funny..i do wonder how many of you will survive in your jobs, because they do not have a problem with mass redundancies if it is the medicine we need to take...So how many of you will be a victim of the pain..

nearlynew

Conrad wrote: »

I don't know you, but for some uber - pessimists the time will never come. For them the world is a place of danger, always.

Hope for the best.

But plan for the worst.

chucky

geoffky wrote: »

All you people hoping for price rises are forgetting one thing,after the general election the Tories are going to make life very difficult for so many its not funny..i do wonder how many of you will survive in your jobs, because they do not have a problem with mass redundancies if it is the medicine we need to take...So how many of you will be a victim of the pain..

how come you're not calling it a dead cat bounce or a spring bounce anymore Geoffrey?

just for you only because you like to calculate and throw the figures around - the price drops annualised work out to 24.6%!! :rotfl:

b0rker

geoffky wrote: »

All you people hoping for price rises are forgetting one thing,after the general election the Tories are going to make life very difficult for so many its not funny..i do wonder how many of you will survive in your jobs, because they do not have a problem with mass redundancies if it is the medicine we need to take...So how many of you will be a victim of the pain..

If the Tories !!!! so many people over I am sure someone will be happy to end the life of David Cameron and force an election. In fact DC is such a smarmy !!!!!! that I would happily end his life now and I am not even half as insane as I may be coming across as. I can only imagine there are WAY more insane people around who would kill him even more happily than I if they were to be ruined by him and his party.

In all seriousness do you really expect the Conservatives to ruin millions of people if they get into power? I think the convergence of Labour/Conservative party politics is the main reason that Labour have been able to stay in power for so long. There is no real difference between the two parties. The Conservatives of the 2009 are an entirely different party than they were in the early 1990s and the UK is an entirely different country. We are far more sharing and caring than we were post 80s with all if its Yuppisim and what not.

The bears trolling out the fear of the Conservatives and their evil ways is scaremongering.

Chris2685

Conrad wrote: »

I don't know you, but for some uber - pessimists the time will never come. For them the world is a place of danger, always.

I agree, I like to think of myself as a middle man leaning towards pessimist

Dan:_4

geoffky wrote: »

All you people hoping for price rises are forgetting one thing,after the general election the Tories are going to make life very difficult for so many its not funny..i do wonder how many of you will survive in your jobs, because they do not have a problem with mass redundancies if it is the medicine we need to take...So how many of you will be a victim of the pain..

I hit the thanks button for this - please disregard.

Firstly, I don't think anyone is 'hoping' for price rises, what we need is a period of stagnation - this will be best for everyone in the long run.

Your another one that said 2009 would be far worse then 2008 and if you honesty think the tories will come to your rescue then your more daft then I thought.

You have had your HPC - don't get greedy!

nearlynew

chucky wrote: »

you should be especially owning [STRIKE]4 houses[/STRIKE] oooops [STRIKE]3 houses[/STRIKE] no i sold one it's 2 houses now

Envy is a very unattractive trait chucky.

Can't you go back to delusion.

b0rker

Chris2685 wrote: »

I agree, I like to think of myself as a middle man leaning towards pessimist

Yeah but what we have on here is a hardcore group of massive pessimists AKA the MSE forum bears.

In the real world people do not all think in such pessimistic ways. Far from it.

What is funniest though is that the bears all talk the market down on here thinking that it will in any way affect what is happening in the economy. Most people wouldn't waste their time reading these forums never mind posting on them.

Thrugelmir

b0rker wrote: »

Bang on. As I have said recently there are a hardcore group of serial renters on here who will talk themselves out of buying in any market at the fear of loosing a few grand post-purchase despite the fact it may save them way more over the life of the specific mortgage deal.

Prices haven't dropped significantly since that A&L 5 year fixed rate at 3.99, zero fee was on offer yet interest rates on long term fixes have.

Anyone with a decent deposit would have been a fool not to take advantage of that at the time. Then again I shouldn't question these great financial wizards as they are the same people who predicted the 20% falls in the first place (cough!!!)...

I'm not a renter yet am puzzled.

I can earn more than 3.99% on my savings and realistically expect house prices to not move signficantly upwards. So why buy. Yes you have a low rate now but what does the future hold ?

When base rates hit a more normal 4% - 5%. SVR's around 7.5% to 8.5% won't be uncommon. So your house purchase is going to cost more in the future.

Geaing up with debt is fine if wage inflation erodes the value of the capital owed. We haven't reached this stage yet.