Are you putting your money where your mouth is?

julieq

Hang on, unless I've missed something we've been explaining carefully, and at length (especially to poor Graham whose head must be fairly throbbing by now), that we're expecting real terms stagnation in prices.

So why on earth would anyone expect anyone to invest in something that stagnates? It's a crazy proposition.

There are loads of reasons for not investing in property, one of which is the very high entry cost. Another is the low liquidity. That doesn't mean to say that we can't point out that buying a house to live in is likely to leave you better off than not doing that.

new_home_owner_3

None of the above - more info below

Chaos_A.D. wrote: »

Why don't you pm one of the older posters on here, chucky, Dan, Stevej, Carol in fact anyone who has been here longer than you

yes but ive been here longer than you......:p

julieq

Graham_Devon wrote: »

Good grief.

Ask Hamish if building is anywhere near that of previous years.

He's the one you all thank when he tells us of shortage of homes, lack of building, house prices up.

Yet when someone brings the same lack of building into the conversation, suddenly, they ARE building.

Which is it. Building or not? When Hamish next week posts a thread about lack of building, shortage of supply, ever increasing HPI, will you be there to point out they are building?

Do calm down Graham dear, you'll have a haemorrage.

You can in fact build while not building. It's frightfully simple. .

The assertion is that builders are not building ENOUGH. That can be still be true if all builders are building all the houses they are allowed to build, which was true pre 2007. If the rate of creation of new households exceeds the rate at which houses become available (essentially new ones or built or old ones empty without filling a new one) then supply decreases.

The rate at which houses can be built is throttled by the planning process, and it will be restricted to a degree by the expansion capacity of the builders, which is a question of their being able to raise finance, not easy at the moment, but easing.

So it's perfectly possible to be building houses but not building enough to increase supply past the point at which prices would reduce. In fact it'd be pretty stupid to try to pass this point anyway.

nearlynew

I think property rises will rise but I'm too scared to put my money where my mouth is

julieq wrote: »

............. buying a house to live in is likely to leave you better off than not doing that.

You're right. That's what I've been saying all along.
Owning your own home outright is a key step towards financial security.


Good to see you've come round to my way of thinking.

Well done.

chucknorris

None of the above - more info below

carolt wrote: »

So many professional property puffers post on here daily. They tell us they have not a care in the world, that property prices can only rise. Yet remarkably few of them seem to be following their own advice to others by gambling on this supposedly 'sure bet'. I'd like to know how many of those who preach eternally rising prices - Hamish, that means you, plus chucky, Dan, nollag, chucknorris, Conrad, Rinoa, julieq and all the others I've forgotten - are planning on upsizing/buying more BTLs to take advantage of this guaranteed rise in equity?

Don't be shy.

My position hasn't changed I am happy with what I have and would probably buy more if I could buy at 10-15% below current market value. At current prices I just can't get enthuisiastic.

Euphoria1z

I think property prices will rise so I'm buying more

somebody had to choose the first option so might aswell be me. I dont think prices will rise in the short term either, but i think they will long term. As im planing on moving to england, im going to buy my residential property down south (alot cheaper that my current one) and turn my current one into another buy to let. so i will then have 3 buy to lets and then 4rth one residential. Thats the plan anyway, no idea if it will work out, so im going for the "all or nothing" plan!:eek:

FATBALLZ

I think property prices will fall but I'm buying anyway

I think prices will fall but I'm not arrogant enough to think I am 100% definitely correct about it, plus I'm not a big risk taker and given the non-financial benefits of owning I plan to buy in the near future, although it will be somewhere cheaper than I can afford as I don't like debt much.

Herbie_Hancock_I_wish

I think property prices will fall and I'm putting my money where my mouth is

Just a little point. I know of a lot of small business owners that are frankly struggling to make a living. Rents risen by the stupid hpi. Demand down and also margins as they fight there way in a market that is saturated in imported goods.

Many with hard cash getting little return and pensions, in the private sector being very low in expectation.

I find it all so difficult to understand why house prices, against low wage increase have done what they have. I might even suggest that many of the the £30k a year jobs are in the private sector. I find it hard that all the balls will be kept in the air.