Bears have taken the wrong course....

worldtraveller

The stock markets rarely move in a rational or logical way and they often move in a direction to make the majority wrong!

If you listen to the media, you are probably too late anyway.

IMHO, do your own research and don't listen to the, so called, experts.

Being a contrarian is often the best way to go IMHO, but, you will undoubtedly need big balls to do it!

ess0two

brit1234 wrote: »

Yeap all that huge pile of debt is still there and getting bigger with unemployment over. Everything is hunky dory then, if that all correct can we have interest rates put up because by house savings are losing £1,000s of interest to bail those who over borrowed

If you're losing thousands in interest on savings,why are you concerned about HPI.
If it is thousands?HPI is the least of you're worries,just buy something.

brit1234

ess0two wrote: »

If you're losing thousands in interest on savings,why are you concerned about HPI.
If it is thousands?HPI is the least of you're worries,just buy something.

I'm concerned because my interest is being redirected to bail out risky borrowers low rates such as buy to let portfolios.

I can't afford to buy as I live in London and now need a 25% deposit. Prices here are still very overvalued so you need a deposit of about £45,000 or more.

I can now just about afford a 1 bed flat in a council 15 storey tower block. That is with 6 years of saving. Buying that would be fiancial sucide and give poor quality of life.

No I am not going to bail out a investor in a tower block with my hard savings. This is further evidence that prices will fall because there is nothing supporting these prices.

HPI is my main problem because like millions of others I am priced out of the market.

Cleaver

brit1234 wrote: »

I'm concerned because my interest is being redirected to bail out risky borrowers low rates such as buy to let portfolios.

I can now just about afford a 1 bed flat in a council 15 storey tower block. That is with 6 years of saving.

Chucky posted a comment seemingly from you the other day which was posted on another forum:

http://www.landlordzone.co.uk/forums/showpost.php?p=48185&postcount=15

Do you know why he selling? There quit a few landlords I know selling now in Berkshire. I sold one of mine a few weeks ago to make my portfolio a little sturdier due to the climate.

I'm a bit confused. It would seem a strange coincidence to have two Brit1234's posting on housing forums, so are you a former BTL landlord or a FTBer?

ess0two

brit1234 wrote: »

I'm concerned because my interest is being redirected to bail out risky borrowers low rates such as buy to let portfolios.

I can't afford to buy as I live in London and now need a 25% deposit. Prices here are still very overvalued so you need a deposit of about £45,000 or more.

I can now just about afford a 1 bed flat in a council 15 storey tower block. That is with 6 years of saving. Buying that would be fiancial sucide and give poor quality of life.

No I am not going to bail out a investor in a tower block with my hard savings. This is further evidence that prices will fall because there is nothing supporting these prices.

HPI is my main problem because like millions of others I am priced out of the market.

Plenty of sub 4% savings accounts about at the mo.

damanpunk

Cleaver wrote: »

Chucky posted a comment seemingly from you the other day which was posted on another forum:

http://www.landlordzone.co.uk/forums/showpost.php?p=48185&postcount=15

I'm a bit confused. It would seem a strange coincidence to have two Brit1234's posting on housing forums, so are you a former BTL landlord or a FTBer?

Definately the same Brit, heres one of his other posts on the same forum!

Radio 4 did a survey of auction prices and came up with a 48% price drops from peak land registry figures.

What is well known is that house prices were very overvalued and fueled by irresponsible lending. Now banks investment vehicles are dead they have to rely on savings and do not want to lend.

I expect widespread 50%+ falls from peak by Christmas 2009. We are already seeing a large increase in 50% fall properties on the oen market even in London.

Where people openly laughed at 50% fall predictions last year they are now becoming accepted as reality by the wider public now.

Talk is moving now to 60-70% falls in certain areas such as flats.

The simple fact is now people need big deposits to buy so they need prices to fall to get these deposits. The only exception to this is homebuy scheme but these are putting people straight away into negative equity and distorting house price figutes (due to general low sales figures else where) like Nationwide today (suprising 0.4% drop when everything else indicates far larger drops).

ess0two

Gets better so brit is a btl,or a wannabe btl?

Cleaver

ess0two wrote: »

Gets better so brit is a btl,or a wannabe btl?

Like a lot of people on the internet, he could just be a 15 year old having a strange old time on his Mum's computer. I don't think he is, but he could be.

I'm actually an 84 year old woman called Doris.

ess0two

Cleaver wrote: »

Like a lot of people on the internet, he could just be a 15 year old having a strange old time on his Mum's computer. I don't think he is, but he could be.

I'm actually an 84 year old woman called Doris.

Hi Doris........i'm an 84 year old man called Derek,having terrible time with my piles.

wageslave

For entirely my own reasons, I have spent today counting up how much I am worth and how much I could raise in an emergency.

The answer is far more than I realised and a great deal less than I was worth two years ago.

We can all pretend the recession hasn't happened, we can all pretend we could sell our houses and everything else that comes to hand and make exactly the same profit we would have made if only...

If only Hamish, if farking only