House Prices Surge 68%

IveSeenTheLight

geneer wrote: »

We did the maths for that.
A 20% fall on the average house price would buy you 12 years of rent.

As I said, that remains to be seen.

Your 6 years in and prices are higher than when you started waiting.

What are you looking for? about a 30% reduction in the next 6 years just so you can break even.

good luck with that one.

geneer

IveSeenTheLight wrote: »

As I said, that remains to be seen.

Your 6 years in and prices are higher than when you started waiting.

What are you looking for? about a 30% reduction in the next 6 years just so you can break even.

good luck with that one.

Who mentioned me?

You're the only one focussing in sweetheart.

Oh, and we both know the so called "new peaks" were nothing of the kind.

Funny how you're not all that fussed about context and "enhancing understanding of the averages" when it suits eh.

Funny: laughing at you not with you champ. :rotfl:

robmatic

geneer wrote: »

We did the maths for that.
A 20% fall on the average house price would buy you 12 years of rent.

To be honest, you struggled with the maths for that.

You can apply the same reasoning and work out that each year of saving through paying historically low interest rates on your mortgage (we've had a few of those already and more are likely) will buy you several years' worth of rent when compounded over the term of the purchase.

So there's quite a cost involved in waiting years for a 20% fall.

IveSeenTheLight

geneer wrote: »

Who mentioned me?

Well I was replying directly to you, hence it's only rational to apply your specific circumstances to your maths calculations.

See your not denying for 30% falls to justify your decision to wait.

Good luck, happy waiting.

geneer

robmatic wrote: »

To be honest, you struggled with the maths for that.

You can apply the same reasoning and work out that each year of saving through paying historically low interest rates on your mortgage (we've had a few of those already and more are likely) will buy you several years' worth of rent when compounded over the term of the purchase.

So there's quite a cost involved in waiting years for a 20% fall.

To be honest you chaps simply didn't like the maths, which is quite a different matter.

geneer

IveSeenTheLight wrote: »

Well I was replying directly to you, hence it's only rational to apply your specific circumstances to your maths calculations.

See your not denying for 30% falls to justify your decision to wait.

Good luck, happy waiting.

Ah. So it was indeed only you who was compelled to focus in on me.
Thanks for clarifying sweetie.

IveSeenTheLight

geneer wrote: »

Ah. So it was indeed only you who was compelled to focus in on me.
Thanks for clarifying sweetie.

No problem.
See your not denying you need 30% drop just to break even

geneer

IveSeenTheLight wrote: »

That remains to be seen.
We've already seen a larger correction both nominally and as a percentage than was seen in the 90's.

OR as your compadres like to call it, a "soft landing". :rotfl:

geneer

IveSeenTheLight wrote: »

No problem.
See your not denying you need 30% drop just to break even

You would be a foolish paramour indeed if you were to take ignoring
your meaningless passive agressive trolls as some kind of validation of the same.

Which, of course you are.

IveSeenTheLight

geneer wrote: »

OR as your compadres like to call it, a "soft landing". :rotfl:

LOL, your confusing to totally different articles where you are unremakably wrong again on the soft landing discussion

http://www.nationwide.co.uk/hpi/2003_forecast.htm

Central view is that UK housing market achieves a soft landing in 2003…
Overall we believe that sentiment and expectations will be broadly neutral for house price growth. Given the modest deterioration of economic conditions our forecast is for UK house price growth to slow from around 25% in 2002 to 10% in 2003.