The Market Astounds me!

Ems*Honie

Hi Conrad,


Thank you for such an insightful, well put post. I haven't had the chance to digest it all (I'm playing catch up today)

Strangely enough, we are not getting into it for a profit/income, its just something that happened and we are prepared to have a go at riding out the good and bad. We intend, as soon as life allows, to invest our lot abroad.

However, for now, we just want to give our little ones a good start, so that when they are my age they have much more scope than I do

I shall read through your post again, when I have a clean (ish) house

Many thanks

irnbru_2

batley1 wrote:

As for shared ownership, I haven't really heard of that.

You own part and rent the other. Here is a recent thread.

meanmachine_2

To be honest, last year I was starting to believe the "soft landing" argument - ie that the market would calm down and sustainable gains of 4% pa would become the norm.

But looking at how the market's behaving now - with rightmove posting a potential 24% rise this year (2% per month) - I'm more convinved than ever that we're heading off a cliff.

But that's just me.

From 2010 all the baby boomers start retiring - and selling their houses, downsizing etc.

The indigenous working population is going to start shrinking, which is why there's so much panic over pensions at the moment. Who's going to be in work to pay for all of these boomers?

It's not the total population figure you need to worry about, it's the economically active - the wealth creators.

But do your own research. You might find this theory "doom mongering" and choose to ignore it. It''s up to you - and it is a few years away yet, so you might well make gains in the shorter term.

poopscoop

soft landing? I'm sure you said there was going to be a crash last year? Anyway, if it happens it happens...

Btw, besides people who work, there are more and more people who have been enterprising and run their own businesses nowadays. Nobody ever mentions that :rolleyes:

meanmachine_2

poopscoop wrote:

soft landing? I'm sure you said there was going to be a crash last year? Anyway, if it happens it happens...

I'm glad you're so sanguine about it.

Sure, if it happens, it happens, but you can be sure that we'll have recent FTBers screaming for compensation, claiming no one warned them.

The warnings are there - if you choose to ignore them, then so be it.

The risk could pay off - in which case you'll be laughing - but let's not forget that property is classed as a high risk asset for a reason.

Anyway, I thought my most recent posts were arguing that we're still 50% (now 45%) away from 1989 style unaffordability level.

But let's not let the facts get in the way of a black and white, them and us argument...

By the way, I'm curious to know where all of the "soft landers" have disappeared to. Funny that. The property market defies logic, which makes an illogical, irrational crash so much more likely than some kind of sensible soft landing.

canny_yorkshireman_2

there is one word to sum up the way current house prices are reacting that is 'confidence' as soon as that drops everything else will follow and those of us that have experienced a reccession and low consumer demand know what happens to the housing market as long as you can weather the storm the last one lasted 10 years then carry on with the crazy way that consumers are viewing the market as a sure fire way to get rich quick you have been warned

strawberrylane

Wow! What a long sentence.

MOLLYBRUSH

meanmachine wrote:

Anyway, I thought my most recent posts were arguing that we're still 50% (now 45%) away from 1989 style unaffordability level.

Can you tell me what this means please. I saw it in your earlier posting and forgot to ask. Is it to do with low interest rates?

strawberrylane

Wow! What a long sentence.

poopscoop

meanmachine wrote:

I'm glad you're so sanguine about it.

Sure, if it happens, it happens, but you can be sure that we'll have recent FTBers screaming for compensation, claiming no one warned them.

The warnings are there - if you choose to ignore them, then so be it.

The risk could pay off - in which case you'll be laughing - but let's not forget that property is classed as a high risk asset for a reason.

Anyway, I thought my most recent posts were arguing that we're still 50% (now 45%) away from 1989 style unaffordability level.

But let's not let the facts get in the way of a black and white, them and us argument...

By the way, I'm curious to know where all of the "soft landers" have disappeared to. Funny that. The property market defies logic, which makes an illogical, irrational crash so much more likely than some kind of sensible soft landing.

You got to sort your angryness out meanmachine. We all know that you haven't been able to afford a property for a while now. Maybe quite a number of years. So you just come on here posting on threads hoping that your words will somehow make the property market crash. Maybe you should not be so dependent on your job/salary and have done something more enterprising?

Why would FTBers scream for compensation? Are you the government? Are you a lawyer? Why does it bother you? Have you experienced the 90s crash? You hoping they would say "I should have listened to meanmachine?" I don't think so, all the signs are in the media/news/papers everyday as we are in the information age and people can make their own mind from there.

Everyone knows that there will be a downturn at some point, but I wish you would stop writing the same old stuff every day and repeating the press cuttings. Why don't you be a bit more enterprising and do something with your life and not constantly repeat yourself with so much hate. You're not just angry at the property market, but you hate the buyers aswell and like to look down at them with your "I told you so/prove a point" mentality.

Kind regards