OH MY GOODNESS - the house price crash hits home!

silvercar

HAMISH_MCTAVISH wrote: »

Thanks for the info silvercar, at least now we know why carol won't tell us what area she is in. Prices back to 2007 levels, so impossible to gain versus renting since then. (even if peak locally was 2008)

I just wonder why she keeps on insisting that "her crash is still happening", when we all know the south east is recovering faster than almost anywhere else. Sure, prices may still be down from peak, for now, but they are also up significantly from trough.

We know prices are rising strongly in the South East as well, yet she keeps on denying it and refusing to identify where she is. Sorry, but it just makes these tales all the more bizarre.

TBH round here the trough wasn't so deep as elsewhere in the country. Prices are recovering as people hold out to get the price they want rather than sell quickly, there are still good values to be found if you find a forced sale.

I don't think "rising strongly" is accurate, recovering from a dip may be more appropriate.

It was noticeable that FTB properties suffered more of a dip than larger properties. I think those that sold to rent may have been caught short, the fall wasn't enough to justify the action IMHO.

HAMISH_MCTAVISH

Harry_Powell wrote: »

Why does it bother you so much?

People come here to debate house prices and the economy. And I'm sure most of us, myself included, are happy to admit we have learned a lot from doing so.

Such a debate however, is only possible when facts are presented on both sides, and the merits of them addressed. We can disagree on the meaning of the stats or the indices, but we should at least be able to reference them. Not just make house prices performance up when the truth doesn't agree with our opinion of where house prices should be.

Which is what carol has done, repeatedly. Using a street with an infamous murder, or a house that has been wrecked and made unmortgagable doesn't prove price drops, it only proves desperation to convince others that price drops are occurring.

You frequently engage in ad hominem and falsely accuse me of desperation, or of being heavily indebted, despite Aberdeen prices now being higher than almost every month in 2007 (and verifiably so). Yet your double standards don't seem to allow you to accuse carolt of desperation for lying about house prices in the south east.

Very odd....

Spartacus_Mills

HAMISH_MCTAVISH wrote: »

Then she should just admit that she has lost money by renting instead of buying, but state she feels it is worth it.

What money has she actually lost. You say she has lost money. How has she lost money, how has she lost ACTUAL money ?

HAMISH_MCTAVISH

silvercar wrote: »

TBH round here the trough wasn't so deep as elsewhere in the country.

Which makes carols stories of "my crash is still happening" all the more bizarre.

Prices are recovering as people hold out to get the price they want rather than sell quickly, there are still good values to be found if you find a forced sale.

I don't think "rising strongly" is accurate, recovering from a dip may be more appropriate.

It was noticeable that FTB properties suffered more of a dip than larger properties.

I think those that sold to rent may have been caught short, the fall wasn't enough to justify the action IMHO.

Fair enough.

And if STR's can't make it work with the benefit of interest on the whole house price amount, delayed purchasers certainly can't with interest on only a small fraction of it.

But the picture you paint of your area is radically different to the one carol tries to portray.

It's obvious she has bet, and lost badly, from the decisions she has made. And is now desperate to convince herself or others that "the crash is still happening".

Sorry, but "in her mind" doesn't count.....:rolleyes:

chucky

Harry_Powell wrote: »

Why does it bother you so much?

it shouldn't bother him so much but he does have a point in what he is saying.

Hamish brings a lot of information to the forum (some biased but more often it isn't).
when people start these fantasy threads they are ignoring the reality as Silvercar has kindly and politely pointed out.

Carol is on the outskirts of the west side of the outskirts of Greater London similarly to you. the point is that these areas have gone up in value over the last year - carol is in denial of this.

Hamish could be going about it a bit different but that's just the way he is.

Spartacus_Mills

HAMISH_MCTAVISH wrote: »

People come here to debate house prices and the economy. And I'm sure most of us, myself included, are happy to admit we have learned a lot from doing so.

Such a debate however, is only possible when facts are presented on both sides, and the merits of them addressed.

If that's the case then why do you constantly present opinion pieces as fact ?

That is not a dig at you but that is how this forum operates. There are very very few facts here. There are lots of debates about opinion pieces and predictions. Neither of which are actually factual just a guess that someone gets paid for. Bulls and Bears on this forum do it. The debate is interesting but we rarely talk about factual data.

You made a statement yesterday that house prices are forecast to rise by 15% by 2012. However that is just one person/groups opinion that you have chosen to present as a fact in spite of the fact other predictions show lower growth or losses.

HAMISH_MCTAVISH

Spartacus_Mills wrote: »

What money has she actually lost. You say she has lost money. How has she lost money, how has she lost ACTUAL money ?

Pedantry doesn't suit you....

She has increased her lifetime housing costs. Thats losing money in my book, no matter how you want to phrase it.

Spartacus_Mills

HAMISH_MCTAVISH wrote: »

Pedantry doesn't suit you....

She has increased her lifetime housing costs. Thats losing money in my book, no matter how you want to phrase it.

I am not being pedantic. You are being misleading. I simply want to understand what her financial losses are at this stage as you are claiming.

Any increase in lifetime housing costs is pure speculation.

silvercar

Hamish wrote:

It's obvious she has bet, and lost badly, from the decisions she has made.

I don't think it was a bet. She wasn't in a position to buy the house she needs for her family in the area she wants to live, because the prices were too high. She hoped that the fall would be large enough to allow her to buy but that, coupled with schools issues, hasn't materialised.

I have far more sympathy with her situation than someone who STR, which is taking a bet. Its actually risking your family home and security on future house prices. If you then get stung, then it was of your own making.

silvercar

chucky wrote:

Carol is on the outskirts of the west side of the outskirts of Greater London similarly to you.

Part of that location is wrong; not that I think you need to try to pinpoint someones exact location when they have chosen not to make that info public.