So the 'crash' is over, how was it for you?

Cleaver

Dan: wrote: »

phew! I walked away without a scratch.

I've said it before and I'll say it again, it's the complete confidence exuded by posters (both positive and negative) on here that I find baffling.

Any decent person does not want to see anyone else suffer Dan, so I'm not saying anything along those lines. But isn't it a bit early to start saying you 'walked away without a scrtach'? Who knows if you'll be effected by unemployment, tax hikes, mortgage rate hikes, a poorer funded NHS that effects you directly, the closure of schools that you wanted to send your kids to, the pension that might yet take abother hit.

the_ash_and_the_oak

Thrugelmir wrote: »

If there's been a crash then I've blinked and missed it.

There's been a market correction which would have been far worse if interest rates had been higher.

Good to time now to bail out of property after several months of rises. When the herd changes direction then we will see where we are heading.

while I agree w you here, not sure the herd has changed direction a) sentiment never really dimmed imo , and b ) too many still excluded from buying

mewbie_2

the_ash_and_the_oak wrote: »

while I agree w you here, not sure the herd has changed direction a) sentiment never really dimmed imo , and b ) too many still excluded from buying

I think sentiment has dimmed. Are there as many people talking about mewing in order to buy more BTL's at present? InsideTrack - gone. Bradford and Bingley - gone. And so on.

Read today that less people are dreaming of buying a new home now, it's less of a target for the next generation.

Sentiment. It did for Northern Rock in a few days. Wonder what it could do to house prices.

mewbie_2

Raoul_Duke wrote: »

I guess you have bearish views which is fine. Care to share with us the reasons?

Excellent handle.

http://en.wikipedia.org/wiki/Raoul_Duke

Reason for bearish views? Don't understand? Are you suggesting it is an affliction, something to do with troubled upbringing or failure with girls?

kabayiri

The idea of a collective crash is a flimsy notion.

Might I set out the symptoms then.

Your 'crash' comes when :-
- you notice the restoration/hike in VAT in your daily spend
- energy costs just keep going up
- imports seem dearer, your pound buys you less. Holidays abroad strike you as expensive
- pay freeze for lucky ones; job loss for less fortunate
- stealth taxes appear in greater numbers, together with direct tax increases
- life events hit you hard down to pure timing. By this I mean those approaching retirement finding their pot diminished, or increased costs sending your children to college

There are no doubt other symptoms, but the end effect is consistent. You feel poorer.

With less disposable income for many of us, I suspect the last thing we will be doing is crowing about the increase in our house values.


[* ignore the above if you are a Vested-Interest-In-Debt type/!!!!!! banky/politico/other financial scam specialist]

Thrugelmir

Raoul_Duke wrote: »

I guess you have bearish views which is fine. Care to share with us the reasons?

Why are such views bearish? A touch of realism maybe.

The factors which supported the bubble have evaporated. So the old bull market is over. No signs of the new drivers which will propel the market forwards. May have a while to wait for those.

Dan:_4

Cleaver wrote: »

I've said it before and I'll say it again, it's the complete confidence exuded by posters (both positive and negative) on here that I find baffling.

Any decent person does not want to see anyone else suffer Dan, so I'm not saying anything along those lines. But isn't it a bit early to start saying you 'walked away without a scrtach'? Who knows if you'll be effected by unemployment, tax hikes, mortgage rate hikes, a poorer funded NHS that effects you directly, the closure of schools that you wanted to send your kids to, the pension that might yet take abother hit.

It's people worrying about stuff they can't control that I find baffling.

For gods sake, how miserable would it be to spend your life worrying about unemployment, tax hikes, NHS, schools, pensions etc.

If and when bad luck hits me, I will deal with it, as always.

Graham_Devon

Dan: wrote: »

It's people worrying about stuff they can't control that I find baffling.

For gods sake, how miserable would it be to spend your life worrying about unemployment, tax hikes, NHS, schools, pensions etc.

If and when bad luck hits me, I will deal with it, as always.

Considering you spend time here discussing such things, I find that a rather bizzare post!

Dan:_4

Graham_Devon wrote: »

Considering you spend time here discussing such things, I find that a rather bizzare post!

No, I spend time here winding up Brit, as I have nothing better to do with my evenings.

tek-monkey

Dan: wrote: »

No, I spend time here winding up Brit, as I have nothing better to do with my evenings.

Just say "Shared equity" three times, and they appear!