Is it just the greedy left praying for a crash?

dopester

new_home_owner wrote: »

Yes but what you want would pile misery on people who have had the bottle to get out there and buy, do you think its fair on them?

Its not being greedy its you just thinking of yourself, which is very selfish.

No, it's individual choices. If you choice in 2007/08/09 (whenever) was to believe houses are worth this much and won't fall back considerably - that was your choice if you were happy to buy, and take on whatever debt to do so.

I love your post. You go on about wishing for its unfair, but then tell us we should be happy in rented if we can't afford to buy.

I can afford to buy, but refuse to buy when on so many measures housing looks so completely overvalued.

It may be cruel, but I'll know when it's about half-way towards prices getting back to a more realistic level.

That'll be when more of the bubble believers, (the types who've always told me, "It's always time to buy, don't wish crash on me, go rent if you can't afford it cause I reckon houses are well affordable to buy") begin suddenly collapsing on floors and in the streets. Having epilectic style fits, their eyes horribly locked in state of non-processable disbelief, minds fatally short-circuited by the extent of the falls in value of their homes playing out. It will be an education beyond the limit of their understanding, for many people.

Why would I want to buy now, or indeed during any of the years leading up to the extreme of the boom in values, when I suspect that will be the reality of it coming along for many of the boom-believers who've left themselves crisis prone.

new_home_owner_3

nembot wrote: »

In theory prices should be 30%+ cheaper than they are today, so Brit's predictions in the short term are far from impossible. Before recent times people bought houses to live in, stay 10 years move up. They were not a god given right to inflation busting profit, nor should they be and the credit generation is finding this out real quick, the hard way.

In 20 years, prices will probably be higher than today.. that's a given. Whether they will be higher in 6/12/24/36 months nobody really knows and anyone who says they do... is talking s-h-i-t.

the first bit is in theory and is what you think and want house prices to be.

I bought a house last year and if i thought, what i paid was 30 percent overpriced i wouldnt have bought it, i think it was worth what i paid for it, and thats my opinion

thats my theory and my opinion, a lot of people are buying now, lets just see if they have paid 30 percent less, which i very much doubt.

i agree with the second bit that nobody knows, we will all have to wait and see

treliac

dopester wrote: »

That'll be when more of the bubble believers, (the types who've always told me, "It's always time to buy, don't wish crash on me, go rent if you can't afford it cause I reckon houses are well affordable to buy") begin suddenly collapsing on floors and in the streets. Having epilectic style fits, their eyes horribly locked in state of non-processable disbelief, minds fatally short-circuited by the extent of the falls in value of their homes playing out. It will be an education beyond the limit of their understanding, for many people.

Gosh, dopester! :eek:

new_home_owner_3

dopester wrote: »

No, it's individual choices. If you choice in 2007/08/09 (whenever) was to believe houses are worth this much and won't fall back considerably - that was your choice if you were happy to buy, and take on whatever debt to do so.

I love your post. You go on about wishing for its unfair, but then tell us we should be happy in rented if we can't afford to buy.

I can afford to buy, but refuse to buy when on so many measures housing looks so completely overvalued.

It may be cruel, but I'll know when it's about half-way towards prices getting back to a more realistic level.

That'll be when more of the bubble believers, (the types who've always told me, "It's always time to buy, don't wish crash on me, go rent if you can't afford it cause I reckon houses are well affordable to buy") begin suddenly collapsing on floors and in the streets. Having epilectic style fits, their eyes horribly locked in state of non-processable disbelief, minds fatally short-circuited by the extent of the falls in value of their homes playing out. It will be an education beyond the limit of their understanding, for many people.

Why would I want to buy now, or indeed during any of the years leading up to the extreme of the boom in values, when I suspect that will be the reality of it coming along for many of the boom-believers who've left themselves crisis prone.

Look if you dont want to buy dont, but if you dont want to buy you will have to rent, unless you want to live on the street.

i bought last november, and i paid what i thought was a fair price for a house we liked, whether it was overpriced i dont know but i was willing to take the step, you can all wait for house prices to tumble, if they do they do, but there was no way i was putting my life on hold any longer to buy a house, so we made our move.

treliac

new_home_owner wrote: »

Look if you dont want to buy dont, but if you dont want to buy you will have to rent, unless you want to live on the street.

i bought last november, and i paid what i thought was a fair price for a house we liked, whether it was overpriced i dont know but i was willing to take the step, you can all wait for house prices to tumble, if they do they do, but there was no way i was putting my life on hold any longer to buy a house, so we made our move.

Horses for course new_home_owner. It's good that you bought what you wanted, when it suited you. The property you want and have may not have been available later on.

If you can afford it, enjoy your new home and are happy, then you've done well.... and that's all that should matter to you.

new_home_owner_3

dopester wrote: »

It may be cruel, but I'll know when it's about half-way towards prices getting back to a more realistic level.
.

so if you know why dont you tell us all?

what happens if house prices dont fall what are you going to do stamp your feet like a 3 year old?

Or tell us all you will hold your breath until house prices fall?

so if you want to live in rented accomodation carry on, like you say its your choice and you have the money waiting to buy, when you think house prices are correct lol.......:rotfl::T

im going to buy a ferrari when the prices come down to what i think thay are worth................ lets pluck a figure hey lets say 200 pound....:rotfl:

dopester

new_home_owner wrote: »

so if you know why dont you tell us all?

what happens if house prices dont fall what are you going to do stamp your feet like a 3 year old?

Or tell us all you will hold your breath until house prices fall?

so if you want to live in rented accomodation carry on, like you say its your choice and you have the money waiting to buy, when you think house prices are correct lol.......:rotfl::T

im going to buy a ferrari when the prices come down to what i think thay are worth................ lets pluck a figure hey lets say 200 pound....:rotfl:

You're correct New Home Owner. If I'm wrong then I'll pay consequences won't I? I'll be in rented, whilst you'll be paying down your mortgage and maybe seeing further gain in value.

Your individual choice will have seen you win out, and mine lose out. We can each only work with the data we see fit to research, and the ways we interpret it. It's not greed for me, but what I determine as being value for money. House prices Around My Way are not value for money, and I struggle to see how values can be maintained at these levels.

Thanks Trel - although it's not a happy outlook though. If I'd had my way, we'd have never gotten into this position of a possible extreme house price crash in the first place, with easy credit on the back of over-extended boom mentality allowing values/prices to rocket for a decade. Nevertheless, it is my fear property is prone to drops in value to lead to many such types of individual breakdown, and much worse incidents as well unfortunately.

new_home_owner_3

dopester wrote: »

You're correct New Home Owner. If I'm wrong then I'll pay consequences won't I? I'll be in rented, whilst you'll be paying down your mortgage and maybe seeing further gain in value.

Your individual choice will have seen you win out, and mine lose out. We can each only work with the data we see fit to research, and the ways we interpret it. It's not greed for me, but what I determine as being value for money. House prices Around My Way are not value for money, and I struggle to see how values can be maintained at these levels.

Thanks Trel - although it's not a happy outlook though. If I'd had my way, we'd have never gotten into this position of a possible extreme house price crash in the first place, with easy credit on the back of over-extended boom mentality allowing values/prices to rocket for a decade. Nevertheless, it is my fear property is prone to drops in value to lead to many such types of individual breakdown, and much worse incidents as well unfortunately.

no ones won i havent bought my current home to make money its a home and everyone should be able to buy their own home, i just hope its not at the expense of other people losing their homes.

undetterred

treliac wrote: »

Gosh, dopester! :eek:

Quite sad,is this the guy that stored rice in the loft for the second coming,only for the mice to eat them,priceless.............

Generali

I'll be in the market for a house before too long.

Do I want to buy it for substantially less than current prices? Of course.
Do I want the economic events to occur all that to happen? No.
Does that make me a hypocrite? Probably.
Do I care? No!