House prices 'to fall by 10pc in 2010'

chucky

Thrugelmir wrote: »

Really? Nothing to get angry about at the moment.

Particularly as its the Season Of Goodwill blah blah......

some would say that's the Acceptance stage

it's been quite funny to see people's reaction to my thread

Thrugelmir

chucky wrote: »

some would say that's the Acceptance stage

it's been quite funny to see people's reaction to my thread

Well someone needs to fly the flag in the absence of Hamish.

chucky

Thrugelmir wrote: »

Well someone needs to fly the flag in the absence of Hamish.

errrr no - i'm neither a bear or a bull. a realistic outlook is the best outlook to have.

Pobby

Well elder person that I am. Once Gordies smoke and mirrors and economic alchemy goes out of the window I think that we will all be in a better place to judge where we really are. There is a lot of unsettling news that`s around. 0.5% BOE base rate is just like something from fairyland. At some point we will have to get real.

I deal with places like Ireland and have Spanish contacts. Imho even more of a bubble than us and believe me guys, from the front line it is far from encouraging.

I mentioned an auction that was on line earlier this week and I was amazed at some of the prices that stuff was going for. Even more amazing was that seemingly nice properties were not shifting at around £75k. Talking here about a half decent semi. I would say pretty affordable for a couple on just a bit above minimum wage. Btw I am talking Derbyshire area.

I`m sitting back and making little judgement until I see the withdrawal of qe.

Pobby

Thanks for the thanks Chucky. Seriously quite impressed that you thought it a realistic post. Well I am assuming you did, lol.

chucky

Pobby wrote: »

Thanks for the thanks Chucky. Seriously quite impressed that you thought it a realistic post. Well I am assuming you did, lol.

i thought that it was an interesting article (it may be totally wrong) that was worth sharing despite what people think my reasons were.

carolt

chucky wrote: »

haha, so you've come on to this thread to try and knock me, without even mentioning the topic under discussion - are you another hypocrite straight out of the Devonian school of economics? well done that woman :T


no!!!! that's you !!!!!!!!!

Are you turning into Hamish?

About his usual level of insult.

chucky

carolt wrote: »

Are you turning into Hamish?

About his usual level of insult.

it was instigated and was response to nonsense directed at me - you obviously missed that :rolleyes:

but behave yourself and contribute to the thread constructively; i know it's difficult and you find discussion and even understanding other points of view hard but just try...

Pobby

Well young feller. I can only say what I think. I am pretty simplistic in my thinking. Sorry to repeat what I have often said, but I don`t understand why my house gained 350% in price in about 8 years. Now that`s against a back drop of little wage inflation. Not sure why, well yes I do based on lots of silly lending and all the rest...............

I may be completely wrong but I doubt it. Not from arrogance but from what I see happening around me.

Some folk on here say i am a doomer. OK. I posted a while ago about friends getting a sub prime mortgage costing a grand a month. They are not well paid and one of them is an agency driver and his days have been cut. Now to me that`s real. What do you have to earn to get £1,000 in your hand? Nearly £14k I guess. So I would think that now well over 50% of their income goes on paying for an ex LHA place in a not great area. To me that`s real.

Another buddy of mine bought at age 47 a place for £168k, borrowed deposit, job paying around £35k ish a year now lost and is on around minimum wage. Thankfully he was on a tracker and is on IR only so just about covers it.

Lots of Band Aids but when the wounds are fully exposed I do wonder.

chucky

i don't think many people will disagree with your posts Pobby but these things happened and some did well out of these opportunities and some not so well.

as you know what the future holds is an unknown it may not be pretty but it may not be as bad as people make out it will be - we'll have to wait and see