A serious question for the Bears....

HAMISH_MCTAVISH

Do you have a "Plan B"?

And what is it?

I'm not meaning this to be a thread about whether or not we have reached bottom, or whether or not prices will rise or fall.

Just a hypothetical thread about what those of you that don't currently own would do if it turns out that the botom was last February, and prices that are now 8.5% higher than then actually keep rising from here.

At what point would you admit defeat, or rather, if prices keep rising at what point what you feel that you can't risk letting them get back to peak prices without you acting and at least realising some of the gains you could have had?

Is there such a point? Or are you willing to let prices get back to peak or higher before you finally buy?

And if so, is it because you have a greater fear of buying and then losing as prices fall, than you have of paying more as prices rise but at least being sure that prices won't fall?

Genuinely curious as to what your motivations are.

mizzbiz

I'm a bear who owns - so despite thinking that we still have a way to go, I have a vested interest in them not going down anymore.

I believe that's what they call the objective point of view.

ruggedtoast

HAMISH_MCTAVISH wrote: »

Do you have a "Plan B"?

And what is it?

I'm not meaning this to be a thread about whether or not we have reached bottom, or whether or not prices will rise or fall.

Just a hypothetical thread about what those of you that don't currently own would do if it turns out that the botom was last February, and prices that are now 8.5% higher than then actually keep rising from here.

At what point would you admit defeat, or rather, if prices keep rising at what point what you feel that you can't risk letting them get back to peak prices without you acting and at least realising some of the gains you could have had?

Is there such a point? Or are you willing to let prices get back to peak or higher before you finally buy?

And if so, is it because you have a greater fear of buying and then losing as prices fall, than you have of paying more as prices rise but at least being sure that prices won't fall?

Genuinely curious as to what your motivations are.

Hamish - I am still yet to work out what you are on about.

You seem to think that there are all these people out there sitting on pots of money wishing ruin on the rest of the world so that they can pick over the dead carcasses of what remains at firesale proces.

Most of the "bears" you hate so much are just regular people who want to see housing be affordable again for regular people. Based on surveys of the UK population they account for about 75% of everyone.

Very few of them care about your silly graphs or notional house price indices.

Based on my observation of real world advertised prices, they are still going down. I think thats a good thing.

Sorry that is so upsetting for you. I suggest you try and get over it and find some other avenue for your frustration than making 20 threads a day on here.

Its not healthy.

Dan:_4

Good question.

I have a close friend who has been telling me that prices will crash since 2003. He has made his wife and kids wait 6 years for this to happen, and now, at last, he has dicided to buy.

So, if he had bought 6 years ago, he would still not be anywhere near NE, would have paid nearly a quarter off his mortgage and now be taking advantage of the low interest rate to shave several more years off.

What a waste of 6 years.

HAMISH_MCTAVISH

mizzbiz wrote: »

I'm a bear who owns - so despite thinking that we still have a way to go, I have a vested interest in them not going down anymore.

I believe that's what they call the objective point of view.

Fair enough.

More interested in the bears that don't already own, as they are the ones risking not being able to buy if prices rise. (not saying they will, just a hypothetical scenario at this point)

bendix

I am neither a bull nor a bear. I am a human being, and i'm tired of these boring debates (usually started by the increasingly tedious Hamish).

mizzbiz

ruggedtoast wrote: »

Hamish - I am still yet to work out what you are on about.

You seem to think that there are all these people out there sitting on pots of money wishing ruin on the rest of the world so that they can pick over the dead carcasses of what remains at firesale proces.

Most of the "bears" you hate so much are just regular people who want to see housing be affordable again for regular people.

Very few of them care about your silly graphs or notional house price indices.

Based on my observation of real world advertised prices, they are still going down. I think thats a good thing.

Sorry that is so upsetting for you. I suggest you try and get over it and find some other avenue for your frustration than making 20 threads a day on here.

.......................Amen :T..................................

Jennifer_Jane

Good question, Hamish, for the HPC'ers.

For me, I have a house bought as soon as I could* in 2000. Bought regardless of whether house prices were going up or down, just wanted my own, paid-for (in a virtual way) home.

Now I want to move and am concerned that there will be house price increases in the area I want to move to, and HPC here where I am! That would by typical for me.

Jen
x
*Came back from South Africa in June 1998, and only had a permanent job in 2000, bought as soon as that happened.

PS - just waiting for my pension lump sum (due any day) to pay off my mortgage.

HAMISH_MCTAVISH

Dan: wrote: »

Good question.

I have a close friend who has been telling me that prices will crash since 2003. He has made his wife and kids wait 6 years for this to happen, and now, at last, he has dicided to buy.

So, if he had bought 6 years ago, he would still not be anywhere near NE, would have paid nearly a quarter off his mortgage and now be taking advantage of the low interest rate to shave several more years off.

What a waste of 6 years.

I'd agree with you, in another thread, but for this one I'd quite like to see if we can get any genuine responses from bears.

Have they thought it through? Is there a Plan B for IF things don't go their way? (and it's still a big IF at this point, i'll admit)

ruggedtoast

HAMISH_MCTAVISH wrote: »

I'd agree with you, in another thread, but for this one I'd quite like to see if we can get any genuine responses from bears.

Have they thought it through? Is there a Plan B for IF things don't go their way? (and it's still a big IF at this point, i'll admit)

Go to post 3.

Read post 3.

Take a walk. Get some fresh air. Maybe enrol in an evening class.

Watercolour painting or something.

Pobby

Jennifer_Jane wrote: »

Good question, Hamish, for the HPC'ers.

For me, I have a house bought as soon as I could* in 2000. Bought regardless of whether house prices were going up or down, just wanted my own, paid-for (in a virtual way) home.

Now I want to move and am concerned that there will be house price increases in the area I want to move to, and HPC here where I am! That would by typical for me.

Jen
x
*Came back from South Africa in June 1998, and only had a permanent job in 2000, bought as soon as that happened.

In a similar position. My current house does not quite equate to a bungalow at Crusty-on-Sea, so a bit of a drop would suit me. Rungs being closer and all that. I go along with the reply from ruggedontoast.