Moneyweek's MS-W on why she decided to buy

chucky

RDB wrote: »

If someone tries to predict a price and a time they will almost certainly be wrong.

do you mean like Moneyweek do?

they say

The shocking secret that could save you £46,000 in the next 12-24 months

but you say

With house price fundamentals they have always been right

they said that in 2009 - it doesn't look like Moneyweek get house price fundamentals at all. sorry to say but the muppets at Moneyweek get their predictions wrong nearly as much as some one here...

RDB

Exactly they are right about the fundamentals that house prices are due to fall, but the time is the unknown thing.

Like I said no one knows when because there are too many contributing factors like when will interest rates go back up significantly.

We all know chucky that you don't think house prices will fall when IRs go up, but most people on here disagree with you.

chucky

RDB wrote: »

Exactly they are right about the fundamentals that house prices are due to fall, but the time is the unknown thing.

ok - time is the unknown thing.

did you know a stopped clock is right twice a day?

that's the Moneyweek logic

RDB wrote: »

We all know chucky that you don't think house prices will fall when IRs go up, but most people on here disagree with you.

most people on here want rates to go up for selfish reasons - the Bank of England sets interest rates to what is required for the economy.

there is a difference

RDB

Im not talking about what people want or dont want.

Im disagreeing with you that when interest rates go back up it will have a negative effect on house prices.

StevieJ

RDB wrote: »

Im not talking about what people want or dont want.

Im disagreeing with you that when interest rates go back up it will have a negative effect on house prices.

Do you mean base rate? I think margins will fall when BR increases so within reason, the impact on MR will be limited.

StevieJ

RDB wrote: »

Im not talking about what people want or dont want.

Im disagreeing with you that when interest rates go back up it will have a negative effect on house prices.

Moneyweek are crap, they produce the same print, just keep changing the date :eek: as Chucky said, a stopped clock.

HAMISH_MCTAVISH

StevieJ wrote: »

Moneyweek are crap, they produce the same print, just keep changing the date :eek: as Chucky said, a stopped clock.

All bears are..... The recent revival of all those old bear threads proves it in spades.

They were wrong then, they're wrong now.

dopester

Swallow this for a starter, MSW.

£45K reduction in one swoop for a house two doors down. (Although it is being run as a hotel.) Why does the hotel owner want to sell up now? No takers after reduced to £880K last month?

28 August 2010 15:26:08

• Price changed: from 'In The Region Of £925,000' to 'Fixed Price £880,000'

For number 17, which looks like one of the nicer houses on that run. (MSW's apparently being number 13).


http://www.espc.com/buying/273863.html

Full EA brochure (inc StreetView):

No 17 Windsor Street comprises an elegant four storey Georgian town house designed by William Playfair and dating from 1823. It has been modernised and upgraded by the present owner to an extremely high specification to create a small, exclusive and highly successful city centre hotel. The rooms are all of generous proportions and display a wealth of period features including: working shutters, decorative ceiling cornices, fine mantelpieces and an impressive central stone stair case with wrought iron balustrade and cupola.

nembot

I think people are more interested where prices will be in 6 months, than a millionare with a bearish opinion who decided to buy now.

dopester

nembot wrote: »

I think people are more interested where prices will be in 6 months, than a millionare with a bearish opinion who decided to buy now.

Maybe so nemmy, but MSW is still giving her wisdom over the net.

http://www.moneyweek.com/blog/property-market-bail-out-is-making-you-poorer-00248.aspx#comments

But while everyone is worrying about deflation, it is entirely possible that this price stability (or the effort to create it at least – there is no guarantee that it will work) will come at the cost of inflation in pretty much everything else.

She is fair game for tracking prices on the street she bought on. Including this one.

http://www.rightmove.co.uk/property-for-sale/property-30373736.html