The bears have lost here - so they're infecting the House Buying forum

Pobby

Oh dear, and some people were alarmed at the housing market in 2002 including myself but I was told " it`s different this time" and they were right. 0.5% IRs. Yes they were right.

My niece and bf found they could only raise a £70k mortgage and looked at 25% shared equity. I am glad they didn`t go for it.

A buddy of mine did it in the 80`s. £30 some odd grand it was. Wanted to get hold of the other half a couple of years back as he was coming up to 60. The other half to own the whole of the property came to about £75k so for him it was a no goer.

Pete111

Originally Posted by digipeep
The bulls in this forum have massive negative equity and are hoping the market picks up to bail them out of the !!!! that they should have never put themselves into in the first place.

I'm a bull

I have plenty of equity and financially am fairly sorted. Any particular grounds for such ridiculously incorrect and sweeping statements?

Pobby

Have to laugh really . I`m bought and paid for and still a bear. We are a funny lot.

chucky

Pobby wrote: »

Have to laugh really . I`m bought and paid for and still a bear. We are a funny lot.

forgetting the bull and bear stuff (which is rollox anyway)... do you have a negative outlook about stuff in general always thinking the worst?

btw - that's not a bad way to be

lostinrates

chucky wrote: »

forgetting the bull and bear stuff (which is rollox anyway)... do you have a negative outlook about stuff in general always thinking the worst?

btw - that's not a bad way to be

DH says I'm a disillusioned optimist. I plan for the worst so that I cannot be disappointed, but I hope for the best. So the worst outsome will always give us bread nd butter, the best some jam, and a mug of hot chocolate. Secretly he knows I'm a save and splurger. I like the rigours of saving, the discipline, and I'd rather have a bottle or two of champagne once a month that a bottle of house white every night.

I have a very complicated system of managing our different currencies that is both utterly ridiculous and stunnigly clever, because there is magically some ''extra'' for the savings every month. DH can't make head nor tail of it though: he says its the work of a (derogative) savant.

Pobby

chucky wrote: »

forgetting the bull and bear stuff (which is rollox anyway)... do you have a negative outlook about stuff in general always thinking the worst?

btw - that's not a bad way to be

Hmmmm, that`s a good question chucky. Not negative, oh perhaps as I have got older and had a bunch of good and bad life experiences I do tend to be cautious in my views. I do know where things have worked out well for people.

Be aware that the stuff that I post about which, I suppose is about negative affects is about the economy/ housing. In other aspects of my life many areas are the opposite.

Tbh, I suppose that I have seen so many financial disasters over the last few decades. Endowment mortgages going horribly wrong, pension planning and all sorts of changes to the goal posts.

So when it comes to money or the housing market, I would say that, by and large I am very wary or perhaps negative.

Oh and btw, niece and boyfriend split up so wasn`t such a bad move.

mr_fishbulb

Harry_Powell wrote: »

When I first came here I was interested in what people thought about the future for house prices, I quickly came to the conclusion that people had no more clue than I did.

Same way as I feel about this forum.

It's a funny old place. Some people think there is some sort of battle going on which can be "won" or "lost". People argue (getting quite personal sometimes) about something they have no influence over. Most of this forum is the same playground mentality as arguing about who supports the best football team, or their favourite X Factor act.

When monthly statistics come out supporting one side's viewpoint, there is lots of :beer:ing and :jing. With lots of :rolleyes:ing from the enemy. Well done - You've managed to randomly pick the correct side in something no one could have honestly say they predicted all events. And then try and wind the other lot up with lots of :rotfl:s and :Ts. Childish.

But I like a good soap opera, so I keep reading.

IveSeenTheLight

digipeep wrote: »

The bulls in this forum have massive negative equity and are hoping the market picks up to bail them out of the !!!! that they should have never put themselves into in the first place.

And knowing this the recident bulls are incouraging newbie house buyers to fall into the same trap.

Thank god we have sensible bears in the market and a market that even with the rises being trumpetted by all vested interests including the current government is nothing more than Simon Cowell voting on Jedward staying in Pop Idol.

Quite a naive viewpoint in my opinion

macaque_2

Generali wrote: »

Yes it is because it's off topic.

You are standing in the street giving directions to the British Museum. You notice that the tourist is about to step backwards into an open manhole. You say nothing and he dissapears down a 30 foot pit. When challenged, you protest: "He only asked for directions to the British Museum. Advice on manhole hazards would have been off topic"

Dan:_4

macaque wrote: »

You are standing in the street giving directions to the British Museum. You notice that the tourist is about to step backwards into an open manhole. You say nothing and he dissapears down a 30 foot pit. When challenged, you protest: "He only asked for directions to the British Museum. Advice on manhole hazards would have been off topic"

don't be a nob.