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

Harry_Powell

I keep saying it, but no one listens....

No one is born a 'bear' or a 'bull', it's not a character trait or a state of mind, it's a particular feeling for a particular merket at a particular time. The people who rigidly stick to their bullish and bearish viewpoints, regardless of what's happening in the marketplace are the fools, not the ones who cut their losses.

Regardless of what mgfggf?? or geofkey may have said in the past, they have realised that the crash is over and they have acted on that realisation. Good luck to them I say. Even with the recent HP gains over the last months, they still would be quids in by not buying in 2006 or 2007.

Being a 'bear' or 'bull' is not a religion, you are allowed to change between both dependant on your perception fo the market. People should stop acting as though these guys are heretics and realise that we all have zero control of the markets and have to make our own judgements and decisions accordingly.

HAMISH_MCTAVISH

JonnyBravo wrote: »

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? .

:rotfl:

I was wondering how long it would take for someone else to pick up on that.

3 EA's value a house.....

First EA suggests listing at 300K, with a realistic expectation of achieving 275K.

Second EA suggests listing at 325K, with an expectation of achieving 300K.

Third EA suggest 350K, expecting to achieve 325K, which was always going to be fiction to get the business.

Greedy vendor thinks his house is unique, "cause it's got a pond and everything", .so lists with the highest valuing EA, but adds another 20K on "for the pond".

House goes on market for 370K, and sits there for 18 months without a sniff.

Some muppet hpc-er comes along and focuses on deductions from asking price with property bee, rather than realistic sales prices....

Offers £266K, which is 28% off initial asking price of 370K.

Vendor remembers the initial honest EA's suggestion that the place was worth around 275K in 2007, and bites his hand off.

Hpc-er goes around bragging about huge discounts and his base plus 1.5% tracker.

We all laugh at him, and point out he could have been on base plus 0.5% for ages already, which has cost him more than the 9K he "saved".

Hpc-er squirms around like a worm on a hook and changes story 20 times from repo to seller to deposit size to savings rate to income to, well everything....

We laugh at him some more.

Jobs a good-un......;)

JonnyBravo

Harry_Powell wrote: »

I keep saying it, but no one listens....

No one is born a 'bear' or a 'bull', it's not a character trait or a state of mind, it's a particular feeling for a particular merket at a particular time. The people who rigidly stick to their bullish and bearish viewpoints, regardless of what's happening in the marketplace are the fools, not the ones who cut their losses.

Agree entirely. Yet you've been using the description quite a lot recently, ie yesterday. You seem to be part of the problem Harry!!!

sunshinetours

Thanks for the morning chuckle over my coffee! Its better than a soap.

Probably best to keep the language out of it though eh mgba9pgf? Missing out a letter doesn't make it any less offensive

Harry_Powell

JonnyBravo wrote: »

Agree entirely. Yet you've been using the description quite a lot recently, ie yesterday. You seem to be part of the problem Harry!!!

lol, the 'bear' and 'bull' gang name themselves thus, so one has to use the same parlance when talking to/about them. My point still stands though...

dopester

mbga9pgf. Swinging hard and fast from one extreme (leaving UK entirely) to suddenly be buying a home with £100K down + £225K mortgage + borrowing a short-term loan of £4K from relatives to proceed.

Hope you know what you're doing, because it's little wonder some here think you're being hyper, or not in the calmest states of mind.

Think back to all the weeks and years you'd scrape by on £5pw as put your savings towards building up the £100K. Your visions of proceeding because it's just about affordable, if all things remain as they are for you now, is a bit flawed in my opinion. I'm not surprised if there are plenty of people here hoping you'll go through with it, given some of your posts in the past. You'll be one of the people you've knocked.

Milliewilly

HAMISH_MCTAVISH wrote: »

:rotfl:

I was wondering how long it would take for someone else to pick up on that.

3 EA's value a house.....

First EA suggests listing at 300K, with a realistic expectation of achieving 275K.

Second EA suggests listing at 325K, with an expectation of achieving 300K.

Third EA suggest 350K, expecting to achieve 325K, which was always going to be fiction to get the business.

Greedy vendor thinks his house is unique, "cause it's got a pond and everything", .so lists with the highest valuing EA, but adds another 20K on "for the pond".

House goes on market for 370K, and sits there for 18 months without a sniff.

Some muppet hpc-er comes along and focuses on deductions from asking price with property bee, rather than realistic sales prices....

Offers £266K, which is 28% off initial asking price of 370K.

Vendor remembers the initial honest EA's suggestion that the place was worth around 275K in 2007, and bites his hand off.

Hpc-er goes around bragging about huge discounts and his base plus 1.5% tracker.

We all laugh at him, and point out he could have been on base plus 0.5% for ages already, which has cost him more than the 9K he "saved".

Hpc-er squirms around like a worm on a hook and changes story 20 times from repo to seller to deposit size to savings rate to income to, well everything....

We laugh at him some more.

Jobs a good-un......;)

Or you could have been on base + 0.17 for life with the Woolwich

chucky

geoffky wrote: »

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 .....

a grand is a lot of money to bet with someone over a post on an internet forum - who are you trying to impress...

another question for you Geoff - if you were so minted why was it such a big issue for you to buy THAT house especially that you are in wrong catchment are for your daughters preferred school (from you HPC.co.uk posts). why didn't you buy in the right catchment area?

that's another little porkie for you to try and unravel...

new_home_owner_3

Heres another whopper geoffky has been telling, he reckons he has bought a house so why did he post this after, it sound like to me hes had a offer accepted, but that doesnt mean he bought a house, the man is a complete clown.:D

I just dont believe anything either of them post, are they the same person?

posted by geoffky on 02/04/2010 http://forums.moneysavingexpert.com/showthread.html?t=2378779&page=2

geoffky wrote: »

I have bought with a 110k reduction in price over two years and all paid for with cash.....anyone buying now needs their head looking into unless you are buying for cash as rates will rise.... e... i got them to pay stamp duty and house is going in wifes name for a few months why make up the fact i have moved in? i have not....nutter

posted by geoffky 08/04/2010 http://forums.moneysavingexpert.com/showthread.html?p=31683475&highlight=#post31683475

geoffky wrote: »

i have had a offer of 180 k accepted with sellers paying stamp duty from a original asking price of 300k (39%) drop......but i have waited and waited to pounce...

Why would he post i have had a offer accepted after, he said he had paid cash the week before, the bloke is a 100 percent plonker of the highest order.;)

Exocet

Is it always like this on here if someone buys a house?

Lovely day outside.