OH MY GOODNESS - the house price crash hits home!

chucky

wintersunshine wrote: »

Here is the thread it's called PHEW

http://forums.moneysavingexpert.com/showthread.html?t=2042295&highlight=cavendish+avenue




and here is the avenue discussed.

Cavendish Avenue, W13.

http://www.dailyexpress.co.uk/posts/view/72442

that there were around 200 houses on this road and she knew for a fact that every house was exactly the same size - same state of decor no extras. a complete fantasist.

Ms_Piggy_2

sjaypink wrote: »

Glad you feel settled that you made the right choice for you :A

Just, I dont know, the longer this all drags out, the more I think people will not mind at all really about the values in the short term, if they bought a home, which they have been happily living in since 2006/07 and will continue to do so for years to come....

...of course, this is perhaps not the case in your example, and for those who bought at peak as a project or as a short term profit maker, I have little (no?) sympathy for

Absolutely!

wintersunshine

chucky wrote: »

that there were around 200 houses on this road and she knew for a fact that every house was exactly the same size - same state of decor no extras. a complete fantasist.

That's the one. You remember it too. This proved that House Prices were falling massively I recall. the fact that there was a murder in this road had nothing to do with it.

wintersunshine

So what has become of all those posters who were going to buy in April 2010?

!!!!!!? was the one I remember banging on about this date. Carol too I think?

Harry_Powell

I remember one of the House !!!!!! shows, it might have been the one Sarah Beanie fronted (I forget the show's name now), where someone bought a house and set themselves a really unrealistic budget for renovations (as most seemed to do on that show and Grand Designs). They proceeded to gut it, only to find out that it needed major structural work such as underpinning, etc.

They spent their entire original budget sorting out the structural problems and were left with a shell of a house (a very stable shell mind you) and no more money to do it up - they couldn't raise any more money on the mortgage with the house in that condition. Eventually the Bank of Mum and Dad, combined with credit cards (this was pre-credit crunch) saved the day and once the house was completed, they remortgaged and paid back parents & Master Card.

I always wondered just how many times that scenario was played out across the land, at a time when everyone and his Uncle seemed to aspire to be Interior Designers and house renovators, but came unstuck and ended in bankruptcy.

Looks like this may have been the case with carolt's house, though the only way that carolt can really claim that she has 'saved money' would be if she now bought the house at that knockdown rate and brought it back to living standard. Only once this had been done and the house valued, (and the renovation costs accounted for) could anyone really say how much money they had saved.

doire_2

HAMISH_MCTAVISH wrote: »

Of course it is carol, don't worry, we all believe you.

Nobody would ever doubt your fictional stories heartfelt and honest examples.

And I'm sure there must be a good reason you can't narrow down the area you are discussing to within, say, a half million people or so. You must just be a very delusionally paranoid careful person.

You know, so we could verify the tall tales price falls you describe on the actual sold price indices....

Has the nice man in the white coat been round yet?

Just about sums you up :rolleyes:

You need to take a break from this forum....its must be damaging your health

Cleaver

HAMISH_MCTAVISH wrote: »

Of course it is carol, don't worry, we all believe you.

Nobody would ever doubt your fictional stories heartfelt and honest examples.

And I'm sure there must be a good reason you can't narrow down the area you are discussing to within, say, a half million people or so. You must just be a very delusionally paranoid careful person.

You know, so we could verify the tall tales price falls you describe on the actual sold price indices....

Has the nice man in the white coat been round yet?

Your anecdotal stories about restaurants in Aberdeen being busy seemed worthy enough for you to start a thread about, so what's the difference with this one?

Honestly Hamish, it's a little bit odd to see someone so defensive and, well, vitriolic towards someone who has a different point of view on something. It's completely the same as Brit: no discussion, no debate, no slight wavering to listen to other people's views or stories: just wave after wave of the party line. The pyschologist in me would conclude that people such as you and Brit are, deep down, quite insecure in the positions you hold and actually have quite a lot of doubt about your opinions but are too scared to admit that.

Harry_Powell

Cleaver wrote: »

Honestly Hamish, it's a little bit odd to see someone so defensive and, well, vitriolic towards someone who has a different point of view on something. It's completely the same as Brit: no discussion, no debate, no slight wavering to listen to other people's views or stories: just wave after wave of the party line. The pyschologist in me would conclude that people such as you and Brit are, deep down, quite insecure in the positions you hold and actually have quite a lot of doubt about your opinions but are too scared to admit that.

I think that fear plays a part for both of them. Hamish is clearly over stretched, with a large mortgage and low (possibly negative) equity and therefore needs to 'talk up' the market at every opportunity. Brit has been outted as a grubby BTL landlord who simply wants to pick up cheap properties to add to his protfolio and is increasingly worried that he has missed out.

Cleaver

Harry_Powell wrote: »

I think that fear plays a part for both of them. Hamish is clearly over stretched, with a large mortgage and low (possibly negative) equity and therefore needs to 'talk up' the market at every opportunity. Brit has been outted as a grubby BTL landlord who simply wants to pick up cheap properties to add to his protfolio and is increasingly worried that he has missed out.

Possibly, or it may not even go that deep. I think sometimes in life, but especially on the internet, you can become a bit too emotionally involved and rooted to your opinions and end up becoming a bit of a characture of yourself, constantly definding or espousing your position, sometimes just for the sake of it.

Harry_Powell

Cleaver wrote: »

Possibly, or it may not even go that deep. I think sometimes in life, but especially on the internet, you can become a bit too emotionally involved and rooted to your opinions and end up becoming a bit of a characture of yourself, constantly definding or espousing your position, sometimes just for the sake of it.

True, and being so rigid in an opinion can really impact you financially. In both shares and house buying, I've seen people so entrenched in their views on what an individual share price or average house price should be that they flat refuse to buy or sell when all other facts tell them too, resulting in them missing out completely.