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Debate House Prices
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Crashers get ready with those big deposits!
Comments
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HAMISH_MCTAVISH wrote: »Not quite.....
Most baby boomers started their career with the expectation of real, decent, pensions. That's entirely different to what eventually happened.
Well from your point of view, it's a win-win for me.
You're saying a majority don't have decent pensions to look forward to... and you could be right.... but how are they going to use their homes as pensions????
Many of these baby-boomers will have upsized in the boom, over the decades, and be sat in houses of significant value in retirement. Houses which take some means to keep running, and when you're supposedly saying they will have meagre pensions.
Equity release maybe, or get ahead of the market and decide to cash out for a significantly less than peak price, but still a massive gain, to downsize before a rush of others in a similar position do?0 -
crazygaijin wrote: »Is this like you were 100% certain that gold and silver were going to crash? Since you said that precious metals have outperformed almost every other asset class.
Gold and Silver are going to crash.
It's just a matter of when.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Gold and Silver are going to crash.
It's just a matter of when.;)
Oh so now you are saying it could be after a long bull run?
You are changing your tune. While gold was still under its all time high of 850 you were saying its going to crash 100% guaranteed. Since you said that it went over 1000 and you still said its going to crash soon. Then it went over 1200 and you said its still going to crash soon 100% guaranteed.
Now you may have realised how wrong you were and you are saying its going to crash its just a matter of when.
Well if gold goes to 10,000 an oz as many are predicting then yes it could crash back down to 4000 or something. Is that what you are saying now?
Is it possible to admit you were wrong?0 -
crazygaijin wrote: »
Is it possible to admit you were wrong?
He is just using the HPC stopped clock forecasting technique
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
to downsize before a rush of others in a similar position do?
Why the rush?
The boomer generation spans 20 years, and the following generations are even bigger.
For example, the next big demographic surge of FTB age (early 30's) starts in 2013 and last until 2024 or so.
It's a bigger generation than the boomers, thanks in part to immigration. Such price pressure at the low end will ievitably feed up the chain.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Oh do you really?
Maybe the sellers don't fancy taking a 70k knock for you. :rotfl:
I can help you here my old mate.
For £320k I guess you are looking at 4 bed detached places. Well your money will only allow you to purchase a 3 bed place. Don't beat yourself up over it. You can't afford a 4 bed.
There. You will sleep better now.
I anticipate selling one of my houses for £200k. I wouldn't even take £195k.
Just so you know what you are dealing with.
We'll see.
Either way, I don't care because I am very happy where I am now."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
:rotfl:
Rubbish. Most people who saw the housing market bubble would of been saving waiting fr the crash. I have my large deposit saved. oh I can more than pay my rent and save a lot more.
No you can`t, Sibley said so.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
No you can`t, Sibley said so.
The funny thing is, Sibley has been far more right, far more often, than Brit.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Someone who was smart enough to secure purchase at 25% below local market value by being extraordinarily canny.
Besides, its a long term home, its not a piggy bank. If it loses 25% of its overpriced market value, so what?
bearing in mind I bought with a 30% deposit, I am a LOONG way away from negative equity. I would be happy to lose equity in my home if for no other reason to wipe the eye of pathetic smug B*stards on here that enjoy trolling individuals that despite working hard, cannot enjoy the benefits of cheap decent housing those a few years older got to enjoy.
If they lose their homes due to poor financial choices and believing "value only ever goes up" then sorry, you shouldnt believe everything you are told.
blah blah blah, I know lets make a story up to make myself look clever and wise, yet at the same time full of it0 -
Mate, I have been around a lot longer than you on here and HPC stating that the rise in house prices above income rises was unsustainable.
I had quite a lot of fun over on the C4 forums winding up owners full of themselves until the credit crunch closed it down...0
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