And another bear bites the dust... mbga9pgf's epiphany....

new_home_owner_3

mbga9pgf wrote: »

WE WERE SAVING 35K A YEAR! Our joint GROSS salary is 73K! :rotfl::rotfl:

Oh and this is when you said it earlier today you lying twxt.:D

chucky

mbga9pgf wrote: »

So, how buying 30% off market peak am I at a loss? 30%-40% was always my goal anyways.

Shame your figures got blown out of the water you prize cnt

so what's happened to the Alt-A defaults you were warning everyone about?

did you get that wrong as well as predicting the second leg down in the house market crash? :eek:

PrivatisetheNHSnow

chucky wrote: »

so what's happened to the Alt-A defaults you were warning everyone about?

banks in the us no longer mark to market....and there are millions of mortgages in default that have not been foreclosed on

geoffky

chucky wrote: »

hold on a sec Geoff, you're coming across a bit of a fantasist...

you've claimed in the past to have a bank account that had a cash amount of 7 figures (that's over a £1 million for the hard of reading Graham et al) but you've just bought a house a quarter of that value. something ain't adding up here sunshine...QUOTE

.
I wiill give a grand to any charity if you can find a quote on that...why spend lot and lots of money on a house when i havefar better things to spend my money on than massive houses with only a couple of rooms are ever used.... you have just made yourself look a knob....go find it please as i know you weirdos save posts...why the jealously .....

geoffky

new_home_owner wrote: »

I wouldnt say i was a extreme bull or bear just a knob

Oh know them 2 will be alright geoffs house has gone up 50,000 in a month and mgfaded has had a whopping 30 percent of his repo.;);););)

t
can you point to me where i said i had bought and it has gone up 50k in a month please.

..you are a keyboard warrior of 18 or 19 i reckon judging your post and the content...

moggylover

StevieJ wrote: »

That reminds me a good few years I used to know this girl that was a lodger at some big smart place in Hale (probably somewhere near Dopester) It just didn't seem right that someone with a house like that needed to take in lodgers

My best friend from school was from a very middle class family (father headmaster of a private school, and mother a senior teacher) but they lived in (admittedly a lovely and large) house that was shared with her grandparents until their death. Our bank manager owned a very large house which had been left to him by his parents, and they took lodgers as well, and some very close friends of my parents who owned a fairly successful engineering company had a large Victorian house and lived on the ground floor, whilst the upstairs was converted into a self-contained flat and rented out.

That was in the 60's and 70's when house prices were actually far more affordable than today. The average working man could have afforded an ordinary terrance house on his own income (not joint) but unfortunately would never have managed to get a mortgage as they were only available to those with a "salary" not a weekly paid income.

Affordability is not good these days, and I often wonder at the intelligence used by those that quote mean and median "averages" because they are seldom much in line with single incomes of the vast majority these days. I work with stats: I know just how often they are "messed with" to make them say what they don't;)

In a perfectly ordinary office job on an official £7K per annum I needed to borrow nearly 4 times income for my flat around 1984. That same job would probably only earn around £15K today, and I doubt that £60K would buy a 2 bedroomed flat in Langley, Berkshire now:(

moggylover

new_home_owner wrote: »

I wouldnt say i was a extreme bull or bear and if i am show me a post when i have been, the only thing that really does my head in are people who lie and then try and back pedal to say they never said that

Whether its true or not that house prices have gone up 10 percent in the last 12 months, i dont know but reports everywhere say they have.

Now you have geoffkky and mgbadjf saying on here 12 months ago house prices are going to crash, which clearly hasnt happened, then the pair of them say they have bought or buying and they have got 40 and 30 percent off from peak prices.

Its nice to see each of them congratulating themselves on becoming house owners, but is that really the case?

I think they are both lying, just to save face, if house prices do fall like they have both been telling us for the last 2 years, they are going to look like a right pair of plonkers, especially now they have both flapped and bought.

Oh know them 2 will be alright geoffs house has gone up 50,000 in a month and mgfaded has had a whopping 30 percent of his repo.;);););)

I don't know where they are going up at the moment because they certainly are not around here:D There are still lots of houses on the market that were on in 2006 when I first started looking, some of them have dropped as much as 30% from their original price and are still not sold, some of them haven't dropped a penny and must be waiting for a miracle.

I sold my mothers house, eventually, for 25% less than the original 2007 valuation:( I also had a sale for my own house, again at around 25% less than the 2007 price. I chose not to sell that one eventually because what was on the market at the time was pretty dire and very overpriced.

I suspect it depends exactly where you are as to the % drops. One grotty main road smallholding in need of a lot of work near Cardigan went on the market at £220K (which it would have reached easily in 2007) and eventually sold for £130K, my surveyor friend tells me he has seen many go for at least 30% less than they would have been expecting in 2007 and quite a few for 40/50% less because of the shortage of buyers.

confused31_2

geoffky wrote: »

t
can you point to me where i said i had bought and it has gone up 50k in a month please.

..you are a keyboard warrior of 18 or 19 i reckon judging your post and the content...

geoffky wrote: »

my valuation i paid for on its own came in at 232k in todays market..

you paid 180 for your house didnt you? your full of xxxx.

52000 then lol. sounds like a dodgy valuation did you do it your self?

new_home_owner_3

mbga9pgf posted this on the hpc website and i have to say he took a right slating, its a shame but they was shocked at the way he was behaving, im sure he said the house was a repo on here, in this post he says the seller is desperate to sell.

Its not in wilts and its reduced to what I was willing to pay post-crash. 28% off original asking (reduced 22% off currently on Property bee), seller desperate to sell and its been on the market for 18 months.

1 Acre paddock, Pond, stream and 5 bed detatched needing a little work, bit remote but only 20 mins drive from a major city. only 1 hour commute from work. Jobs a good un...

Just found out that Barclays are reducing lifetime tracker rates for 70% LTV from tmmrw, now down to 1.99% (1.49% over base) which makes monthly payments at less than 1/3 of single salary.

Even if rates hit 8%, we can still afford it. I dont even thin injin's doomy predictions are going to take us close to 8% anytime in the next decade.


so its gone from desperate seller to a repo within a week another lie.

JonnyBravo

Here's the rub.

Geoffky and mgba9pgf seem to be hanging their hat on the reduction they've got from an asking price.
No geoff you haven't got 39% off market value, you haven't got anything other than 39% off an asking price which no-one was willing to pay for the last 20 months. Jeez..... well done.
Shock, horror...... perhaps the asking price was pie in the sky in the first place? God knows we've had geoff and others banging on about how unrealistic some people are with their expectations of what their house is worth for years.

As I said before it smacks of desperate self-assurance rather than anything else.

What they would like is for a few of the others who have previously agreed with them to come out and say "well done mate you've made the right decision". So please, for the love of God, can nearlynew, Malcolm (yes we all know you've been around a while), and possibly even Asheron say how well they've done.