My Interest rate gamble pays off again!

mcc100

ILW wrote: »

Why assume property bear = pessimist and property bull = optimist?
Where is the connection?

There is no connection ......... bulls assume property bear = pessimist and property bull = optimist ....... whereas bears assume property bear = optimist and property bull = pessimist.

Thrugelmir

ILW wrote: »

Why assume property bear = pessimist and property bull = optimist?
Where is the connection?

Only by someone that holds egotistical views.

undetterred

Graham_Devon wrote: »

Indeed...I was asking renoman, because I'd assume that he would agree that adaptation also means selling to rent, holding out for house prices to fall, making the most of the current economy to plan to get something cheaper. Buying into shared ownership as you have to adapt your wants to fit your needs. Living with your parents for a while etc etc etc.

But he berates people who do this.

So I wasn't quite sure where he was coming from.

For someone so financially astute,why did you buy half a house?

DervProf

undetterred wrote: »

For someone so financially astute,why did you buy half a house?

Surely, if Graham's financial circumstances dictated that he should buy "half a house" when he did, then he was being financially astute to do so.

I bought (all of) my house, but I don't class myself as being financially astute based on the fact that I did. I class myself as financially astute because I generally make decent financial decisions based on my circumstances when I make them.

We can all be astute in hindsight.

abaxas

DervProf wrote: »

Surely, if Graham's financial circumstances dictated that he should buy "half a house" when he did, then he was being financially astute to do so.

I bought my (all of) my house, but I don't class myself as being financially astute based on the fact that I did. I class myself as financially astute because I generally make decent financial decisions based on my circumstances when I make them.

We can all be astute in hindsight.

Agreed,

I did lots of investing post the dot com boom. Thinking that things had returned to normal, when infact it turned out to be a great investment. Even on the boring of trackers :P

Spawn can happen anywhere. It's only gamblers who confuse it with acumen.

nollag2006

Graham_Devon wrote: »

Indeed...I was asking renoman, because I'd assume that he would agree that adaptation also means selling to rent, holding out for house prices to fall, ...

Selling to rent is a fools game - recklessly gambling your house in the hope that you can time the market.

Just look at these muppets:
http://www.housepricecrash.co.uk/media/LondonTonight-2005-12-12.wmv

They must have lost an absolute fortune.

RenovationMan

ILW wrote: »

Why assume property bear = pessimist and property bull = optimist?
Where is the connection?

I agree. Let's take the nonsensical 'bears' and 'bulls' out of the equation - its a meaningless name because no one is bearish or bullish about a particular market. On this board people are split by their personality traits and are pessimists or optimists.

A very few would be classed as realists; Generali and perhaps JonnyBravo to name two. However, as we saw from shortchanged's post, many people, think they are realists even though they don't consider both sides of the coin. Generali is an example of someone who posts pessimism and optimism in equal measure.

I've said many, many, many times that I think the whole 'bear' and 'bull' gang thing is ridiculous and childish, but it seems the 'bear gang' like to be in a group and continue to pigeonhole people accordingly, hence the rest of us have to use these stupid monikers.

shortchanged_2

RenovationMan wrote: »

I've said many, many, many times that I think the whole 'bear' and 'bull' gang thing is ridiculous and childish, but it seems the 'bear gang' like to be in a group and continue to pigeonhole people accordingly, hence the rest of us have to use these stupid monikers.

Blinkered as per usual Renoman because the so called bull gang don't act like that do they.

RenovationMan

shortchanged wrote: »

Blinkered as per usual Renoman because the so called bull gang don't act like that do they.

I'd be interested in how many people would say they were 'bulls'. I know you've called me that in the past and called yourself a bear. I've never described myself as a Bull, it's ridiculous.

I'm currently indifferent about the housing market, I'm bullish about interest rates and I'm undecided about the immediate future of the stockmarket.

THAT'S the real definition of 'bear' and 'bull'. It's a state of mind at a particular point of time, not a lifetime membership of a club.

Graham_Devon

undetterred wrote: »

For someone so financially astute,why did you buy half a house?

As dervprof suggests....financially astute would be buying what you can afford?