Bears entering the market?

Really2

I popped on to the selling, purchasing and renting section this afternoon as it was quiet here.

I was amazed to see how many bears who post or posted on here post on there now.

Most don't seem to be buying but just trying to stop others buying. (but are they thinking of entering the market?)

So my question do people actually think they can change the market?
I personally say "no we can't" as people will do what suits them, any thoughts.

the_ash_and_the_oak

No idea. think sentiment hasn't really dropped right the way through this crash tbh

Can people change the market? en masse maybe. otherwise there's still a brick wall in all this: raising the finance

Really2

Main reason I noticed is there are 200 on line there and we are struggling for 20. Went in and it was, oh, this is where you all are

mizzbiz

Don't forget, this board used to part of that one, so that's where many of us started out posting. It was a bit of a shame when they divided the two as it meant you had to remember to go in both boards just to discuss hose buying, renting and the property crash. I understand why though as this one went waaaaaaaaaay off the rails. What started out as 'House prices will start falling next year", "No they won't", "yes they will" turned into "house prices are crashing because a polish builder brought his ten wives to live in a council house and are now licking ice off my car window".

Happy days ....

Cannon_Fodder

If people visit a money-saving website, should there only be lots of people saying "buy now, whatever the price"...? Hardly MSE.

I don't think any individual or even a largish group on a forum can make much difference, but when people are looking for an alternative from media headlines, where else can they go?

Why haven't you phrased it "do Bulls feel guilty, that a couple of years ago they might have exerted influence on posters to indebt themsleves" - like that poster today who has gone into NE by £18k...

Apart from positive hugs or "don't miss the boat", was anyone saying in 2007 "sort out your DMP, get the £5k off credit cards, get the deposit bigger..." rather than "buy, buy, buy" ?

If anyone had tried the cautious line, they would have been accused of negativity, when the poster could have done with a dose of good advice then, rather than the unpleasant dose of fact they are faced with now.

If the summer bounce turns into an autumn/winter downturn, and a year or two of stagnation, there will be fresh posters in two years time bemoaning the advice given here to buy before "they miss the boat".

I think you are right that people will often do what suits them, but sometimes someone might be swayed, so you have to keep saying what's right, from your point of view.

Personally, I have re-started slightly more serious looking, as there does seem a small bounce in mid-range, better quality properties in the last couple of weeks...

Hopefully that will throw up a good one, without too unrealistic pricing.

Really2

Cannon_Fodder wrote: »

I
Why haven't you phrased it "do Bulls feel guilty, that a couple of years ago they might have exerted influence on posters to indebt themsleves" - like that poster today who has gone into NE by £18k...
.

Because I have never advised anyone to buy and was not on here pre 2008 would be 1 reason.:)

I don't support the "buy now" posts but I also found it a bit odd just because there is a slight bounce at the moment some have jumped ship trying to put people off also.

I still think we could be 10% from bottom but I would not say do or don't buy based on what I think the market is doing.

It just seems a bit VI but I suppose 12 - 18 months ago some of the bulls may have been posting for people to buy.

System

I'm pretty sure the only person advising to buy now is Hamish

ad9898_3

Really2 wrote: »

So my question do people actually think they can change the market?
I personally say "no we can't" as people will do what suits them, any thoughts.

My opinion is there is no chance a forum can change the market, still less one that is hidden from the general browser (Martin must be upto his eyeballs in BTL from 2006 I reckon.:D).

The other board you mention will have more people just looking for info than here, so quite a few bears maybe giving people advice that only end up seeing the Daily Express or mainstream media, which lets face it are being disingenuous.

I think the basic advice if your purchase is purely about money is don't buy unless you can get 30-35% off peak have a 40% deposit and can fix for less than 6.5% for 10 years.

If you can do that, I think your laughing.

Really2

ad9898 wrote: »

I think the basic advice if your purchase is purely about money is don't buy unless you can get 30-35% off peak have a 40% deposit and can fix for less than 6.5% for 10 years.

If you can do that, I think your laughing.

I would say it would be ideal but if I did that 8 years ago I would still be saving now to buy my first house.

I would say 25% down and 25-30% below peak would see you OK as you would have the best mortgages to go for.

But I would always advise on personal circumstance rent vs mortgage etc.

Davesnave

I've just bought, and I'm a (fairly cuddly) bear. I expect to stay in the property for a good few years and, as I'm planning reasonably heavy expenditure on the place, it suits me if the economy & prices stay less buoyant.

Never mind me though - I have my house - it's my kids I think about.

I don't believe anything I say or do here will make the slightest difference to overall sentiment, but I feel that individuals can be swayed by advice from others who know more. I'd never thought of STR till I came here, but having done it, I'd be more than happy to go down that route again, market permitting.

ad9898_3

Davesnave wrote: »

I've just bought, and I'm a (fairly cuddly) bear. I expect to stay in the property for a good few years and, as I'm planning reasonably heavy expenditure on the place, it suits me if the economy & prices stay less buoyant.

Never mind me though - I have my house - it's my kids I think about.

I don't believe anything I say or do here will make the slightest difference to overall sentiment, but I feel that individuals can be swayed by advice from others who know more. I'd never thought of STR till I came here, but having done it, I'd be more than happy to go down that route again, market permitting.

You bought !!, traitor.:D