"Just one in ten expect prices to fall"

Cleaver

Just one in ten expect prices to fall

A quick google shows that one in ten people are also gay, suffer from restless leg syndrome, have a third nipple, have a needle phobia, live in leeds and walk to work, is a victim of identity fraud and is left handed.

Does this statistically mean that every 1 in 10 million people are camp northerers, playing with their third nipple with their left hand before walking to work worrying about needles? And all this whilst someone is ringing Barclaycard pretending to be them?

owitemisermusa

ruggedtoast wrote: »

I challenge anyone to spend half an hour in a locked room with me, property bee and a length of rubber hose and not come out agreeing that the NW stats are a load of boolox.

I don't understand the rubber hose bit....

StiflersMom

Cleaver wrote: »

A quick google shows that one in ten people are also gay, suffer from restless leg syndrome, have a third nipple, have a needle phobia, live in leeds and walk to work, is a victim of identity fraud and is left handed.

Does this statistically mean that every 1 in 10 million people are camp northerers, playing with their third nipple with their left hand before walking to work worrying about needles? And all this whilst someone is ringing Barclaycard pretending to be them?

Are you therefore suggesting that the 1 in 10 who think house prices are going to fall are on the lunatic fringe, or are you alone there Cleavage?

:rotfl:

Graham_Devon

the_ash_and_the_oak wrote: »

What is your opinion of sentiment from 2007 till today? Anecdotally I mean (as surely sentiment is the very definition of anecdotal)

My opinion is that people on the street have simply forgotten that we are on such low rates. They have forgotten that we have to pay all of this back. They have forgotten rates will go up again.

We all know it, the outcry will be absolutely massive when rates start going up.

Sentiment is easy at the moment, living is pretty cheap for those of us who were already paying out in 2007.

However, sentiment seems to conviniently forget about why we are where we are now and how we will sort it out.

skap7309

ruggedtoast wrote: »

Dont try and engage Hamish with facts, he won't reply anyway and you wont change his mind.

Yep. Every time i suggest Hamish's hatred of HPs falling is due to the fact he was a cowboy EA whose business has gone down the pan (this would explain why he has all the time in the world to post on here) it is met with a wall of silence.

ThyKingdomCome

my mum-inlaw never even believed that prices went down post 2007. We (and my bro-inlaw) were scrambling around trying to get a remortgage and getting surveys etc.

They had a new build flat in Cambridge and it was 'undervalued' and she wouldn't accept that it was the case that prices had dropped. I was okay on my valuation, didn't need a NE mortgage but I think that was fortunate timing for my area.

In other words, there is i believe a percentage of people who only think up, up, up on House prices.

julieq

Graham_Devon wrote: »

My opinion is that people on the street have simply forgotten that we are on such low rates. They have forgotten that we have to pay all of this back. They have forgotten rates will go up again.

We all know it, the outcry will be absolutely massive when rates start going up.

Sentiment is easy at the moment, living is pretty cheap for those of us who were already paying out in 2007.

However, sentiment seems to conviniently forget about why we are where we are now and how we will sort it out.

We are where we are. Unless you want to construct a hypothetical situation around the situation by in effect choosing to pay higher rates (which anyone overpaying or building up offsetting savings is doing), the only interest rates you can apply are the ones you are paying. And when interest rates start going up, the economy will be strong enough to support competition in the mortgage market which will be mitigating the effects by reducing margins.

The fact is that in general, people are choosing to pay down debt. They are restricting their disposable income voluntarily to cushion the effects of future interest rate rises.

Interesting times, certainly, but not as bad as the bears thought.

IveSeenTheLight

ruggedtoast wrote: »

I want to enter the market and I think prices will fall in the medium term. But I'm looking for a home not an investment so it should even out.

People expecting 2007 type hpi are going to be rather disappointed I expect.

Who is expecting 2007 hpi?
Property could rise 3% and it's still a rise, not at 2007 hpi levels but still higher than they were a year ago.

Lotus-eater

Graham_Devon wrote: »

My opinion is that people on the street have simply forgotten that we are on such low rates. They have forgotten that we have to pay all of this back. They have forgotten rates will go up again.

We all know it, the outcry will be absolutely massive when rates start going up.

Sentiment is easy at the moment, living is pretty cheap for those of us who were already paying out in 2007.

However, sentiment seems to conviniently forget about why we are where we are now and how we will sort it out.

I agree, the rising complacency out there is unbelievable. Everyone's started going back to the old ways without even thinking about it.
Do you remember "this can't go on" , "we all owe too much" , "it's been a massive bubble of credit"...........
.............anyone?

IveSeenTheLight

macaque wrote: »

In a recent survey of men with erectile dysfunction, over 90% declared that women prefer head aches to sex

macaque,

Tonight, bring your wife a glass of water and two paracetomol.
When she asks what it's for, say her headache.
When she say's she doesn't have a headache, then you can release your wicked smile