House prices heading down not up

carolt

Er, no...have discussed it many times - feel free to search my backposts.

But no, I wasn't renting when Maggie was PM - was at school then, lol!

Dan:_4

carolt wrote: »

But lots of money is at stake. I don't see why I should let Hamish get away with deliberately distorting the truth.

You have posted nothing but nonsence for years. All of your predictions have failed to happen.

carolt

Really?

So when I predicted prices would fall in late 2007 I was wrong, then?

Really?

Or when I predicted recently that prices would fall this month - oh look, they did.

I think you need to reread my past posts and learn something.

Dan:_4

carolt wrote: »

Really?

So when I predicted prices would fall in late 2007 I was wrong, then?

Really?

I think you need to stop posting out of your !!!!.

Everyone was predicting falls in 2007, but you predicted falls would be far more then 20% and also falls would contuine throughout the whole of 2009.

Face it Carolt - you will never ever be a homeowner because your simply scared of mortgages.

carolt

Dan: wrote: »

Everyone was predicting falls in 2007, but you predicted falls would be far more then 20% and also falls would contuine throughout the whole of 2009.

Where - prove it.

And while we're at it, I want proof of all your predictions. I certainly CBA to search your back posts.

Dan:_4

carolt wrote: »

Where - prove it.

And while we're at it, I want proof of all your predictions. I certainly CBA to search your back posts.

Fine hang about for a few minutes while i'll search the archives.....

Dan:_4

carolt wrote: »

Where - prove it.

And while we're at it, I want proof of all your predictions. I certainly CBA to search your back posts.

Heres an interesting poll from late 2008: When will the house price crash hit bottom. I voted for June 2009 and stated in post 62 it will more likely be April/May 2009 - infact it turned out to be Feb 2009. You voted for end of 2011. Also worth noting I got slated for my prediction.

https://forums.moneysavingexpert.com/discussion/1311613

And check out the rubbish you posted two years ago in post 7 on this thread below - So carolt its been 2 years are you any closer to buying?

https://forums.moneysavingexpert.com/discussion/1058925

julieq

JonnyBravo wrote: »

Oh dear julieq.
You seem to have managed to make graham look sensible and yourself rather silly.

Quite an achievement.

How so?

There's some revisionism going on here. Graham is sulking because he's been contradicted on various threads on the direction of the market. So he posts a sarcastic and mealy mouthed list of apparent inconsistencies in what people have explained to him in a breezy "well obviously that's all tosh isn't it because they're saying anything that suits them" sort of way.

That's not a joke. That's just parading ignorance to play to the gallery of the similarly ignorant. Of which there is an unending supply.

I fully expect that despite the clear explanations he's been provided with, he'll be earnestly arguing these self-same points day in day out for the next two years, then employing his well practised mastery of the Chewbacca technique to deflect himself out of the hole of muddle and confusion he's dug himself into.

Or pretending it was all an ironic wind up and he never believed any of what he wrote in the first place.

I specifically stand by the remarks I made on attitudes to debt and the bear psyche incidentally. Those are serious and substantive points, and taken together explain why the bears are bitter and twisted. Not specifically Graham. For all his faults, he's more confused simpleton than bitter bear.

Above all they're scared of risk - any risk, but particularly the risk they'll make a bad decision and have their ego bruised. You can see this by the chains of apocalyptic disaster they construct as they attempt to justify their positions.

Risk is the science of uncertainty. If you learn to accept and manage risk according to measures of impact, likelihood and detectability, and accept that you'll lose some and win some, then you'll do OK. The one sure way not to win a bet is not to take it. If you view a risk as a reason not to proceed with a course of action then you'll not only fail to do anything at all, you'll also end up being clobbered by the risks you didn't anticipate.

And they're jealous of anyone who having taken a chance has profited from it. In their eyes unless you take their precise path of virtue, any gains are ill gotten. So it's wrong to make money from buying and holding property or from BTL, but it's OK to make money by depositing money into a savings account and waiting for the risk free interest to accrue (wherever that's supposed to come from). And do they ever howl like scalded cats if they can't get risk free savings returns.

They're jealous too of people who by the accident of being born in "easier" times have become comfortable (those of us who lived through these times will question whether they were easier incidentally). The underlying theme to bear discourse is "my parents had it and I can't afford it, it's not fair".

Well sorry, life isn't fair, and it will become a lot less fair now you're in competition with the rest of the world for prosperity. The world financial system isn't going to spontaneously collapse just to make things fair either, the idea it might is essentially religious not rational. Get on and take your chances and you'll do OK, sit back and wait for life to give you risk free returns and you'll fall back.

julieq

Actually you do own the house, but the bank has a charge for the amount it's lent you on the title.

Conventionally people use long term low cost debt to pay for housing, and having done that they are referred to conventionally as owner occupiers or homeowners. The overwhelming majority go on to pay off the mortgage too. Stretching a point to suggest that owner occupiers are in the same boat as, say, someone who likes calling himself "Chaos A.D." and is FUMING at still having to rent, is really nothing more than a semantic distortion of otherwise well understood terms.

chucknorris

Chaos_A.D. wrote: »

I'd suggest that many people who pretend to be homeowners, including quite a few on here will never actually become one.

Just remember, you only qualify to be a homeowner when you have made your final mortgage payment, up until then you are not.

As Julieq said above, that is not correct. If for example my mortgage lender tried to repossess I would simply immediately pay off my mortgage and there is nothing at all they could do about it, except accept the payment and walk away with their tail between their legs.