House prices: inflation wipes thousands off property values - YAY BULLS WIN!

Crash_Over

julieq wrote: »

You're a loser. You lost your big bet. And all you do about it is to hang out on bulletin boards trying to persuade yourself you've won but the result hasn't been declared yet.

JulieQ - we love you. :kisses:

geneer

robmatic wrote: »

I suspect that you won't get a coherent response to this, but there will be a slew of fatuous posts and some tedious chat about 'bulls' and 'bears' and who's 'winning' and who's 'losing'.

:rotfl::rotfl::rotfl::rotfl:oh dear. Someone didn't actually read the post they were complimenting did they.

julieq wrote: »

Anyone choosing to rent rather than buy over that period has paid rental increases over inflation, has lost interest on savings due to low rates, and still has 25 years to go on their mortgage of which none at all are going to be at the historic lows of the last 3 years or so. Difficult to win under those circumstances.

You're a loser. You lost your big bet.

Exquisite Hypocricy or stunning lack of self awareness.
Either way, quite delicious.

Thrugelmir

geneer wrote: »

Cos house prices have increased since 2001 right?:rotfl::rotfl::rotfl:

Deary me.

Boom started in '99.

Doubled by 2003 - 100%

Last ten years growth rates are slowly slipping backwards. Average around 76%.

The boom is well and truly over. Those that surfed the wave well have gained. Those hanging around for the next big one might as well find something else to invest in. As it going to be years before property spikes again.

geneer

Thrugelmir wrote: »

Boom started in '99.

Doubled by 2003 - 100%

Last ten years growth rates are slowly slipping backwards. Average around 76%.

The boom is well and truly over. Those that surfed the wave well have gained. Those hanging around for the next big one might as well find something else to invest in. As it going to be years before property spikes again.

You misunderstand.
That house prices increased is a matter of record. No one is disputing this.

I was
1) Making reference to the rather obvious nature of the observation
whilst
2) miking reference to Rinoa's/Coiumbo's sig which now says 2001, whilst for a number of years used to say 2005.
This, for the record, is quite humerous, if completely unintentional on Rinoa's part.

Thrugelmir

geneer wrote: »

You misunderstand.
That house prices increased is a matter of record. No one is disputing this.

Stand corrected. :beer:

Rinoa

geneer wrote: »

2) miking reference to Rinoa's/Coiumbo's sig which now says 2001, whilst for a number of years used to say 2005.
This, for the record, is quite humerous, if completely unintentional on Rinoa's part.

Thanks for mentioning my Sig. again.

Is your landlord very rich?

heathcote123

julieq wrote: »

I've read this three times, and I still
You're a loser. You lost your big bet. And all you do about it is to hang out on bulletin boards trying to persuade yourself you've won but the result hasn't been declared yet. What do you think is going to happen? Convince a couple more people here you're right and all the pain and loss is going to disappear?

Thats a pretty good summary there.

Back in the good old days oh HPC, many of the bears agreed that possibly the worst outcome for them was stagnation (ie real falls), as in such a situation, as you may as well just have got a mortgage asap, rather than moping around on forums - they were waiting for the big nominal correction.

Now it seems, history seems to be being rewritten to the point where housing falls in inflation adjusted terms are some kind of 'great victory'.. which is a little odd as it doesn't really benefit anyone waiting to buy to much of a degree.

You can almost smell the anger now - many of them have devoted many hours a week to posting about the big HPC, only to find that 6 or 7 years down the line, they would have been far better off buying.

peakoil_2

Rinoa wrote: »

Thanks for mentioning my Sig. again.

Is your landlord very rich?

why do you have Edinburgh's prices from 2001 in your sig? Is that where and when you bought?

geneer

Rinoa wrote: »

Thanks for mentioning my Sig. again.

Why wouldn't I?
Its a gift that keeps on giving.

ruggedtoast

This thread is embarrassing now. I am glad I didn't post in it.