House prices need to drop 40% to be affordable discussion

Rinoa

geneer wrote: »

Uh oh. Looks like your moving the goal posts again.
First its december 05, then its Q4 05, then its 2001. :rotfl:

Do I need to remind you of the many many many previous discussion on this one. Again.
You remember, the discussions that usually end around here..

Hmmm. Weren't you posting something about being childish a few days ago?

Anyway with Edinburgh prices £40,000 higher than when you joined HPC and you making 20,000 posts over the years, I guess that calculates to a loss of £2 per post. :T

crash123

Pimperne1 wrote: »

Its a pity we can't convince more people to think like you then we would be able to fill the houses without people with the people without houses.

Unfortunately times have changed and we now have a stuck up society. Margaret Thatcher killed it when she sold off the council houses. Don`t get me wrong my grand parents and my parents took advantage of this and we would have been fools not to. But my parents still live in the same house and I will never forget my roots.
She killed communities.

Graham_Devon

julieq wrote: »

Well find one post from Hamish or I or any of the "bulls" that says that.

Or in fact from any serious commentator prior to 2008.

Ok. 2007.

CML.

HOUSE prices look set to record their weakest increase in more than a decade in 2008 as higher interest rates bite, Council of Mortgage Lenders (CML) director-general Michael Coogan has warned.

The market will avoid a crash, but higher lending rates mean the two million Britons due to come off cheap fixed-rate mortgages in the coming months will have to dramatically cut spending to keep up their monthly repayments.

Official data and surveys from leading mortgage lenders put house price inflation at around 10 per cent currently, but Coogan thinks the rate could be half that by the end of this year.
He said: "I don't believe there will be a crash. But clearly a slowdown is more likely in an environment of higher interest rates."

Next year, prices will grow by only 2 to 3 per cent, he added,

geneer

Rinoa wrote: »

Hmmm. Weren't you posting something about being childish a few days ago?

Anyway with Edinburgh prices £40,000 higher than when you joined HPC and you making 20,000 posts over the years, I guess that calculates to a loss of £2 per post. :T

Whats childish about near verbatim quotes that came from your good self during the nth itteration of your 6 year crusade Rinoa.

The childish part would be you repeatedly "forgetting" the Harsh realities of your own spurious arguments.
You remember, the kind of Harsh realities which compelled you to adopt a fall back position of 2001.

You must remember. Like the harsh reality that had I decided to buy in december 05, this wouldn't be reflected in the lagging figures for a number of months.
Like the harsh reality of how meaningless the blunt averages are nowadays.

So lets see do I go Edinburgh city centre. 12K drop since march 2006. 60K drop since peak.
Or do I go for the more family orientated 3 bed semi. Up by a whole 3 grand since march 2006. Down 45K since peak.

Whoops. Looks like those global averages aren't all they're cracked up to be. Still.

:rotfl:And I bet you still wonder why no one cares about your embittered little obsession. Least of all me.

DervProf

RenovationMan wrote: »

As opposed to the trite:

2012: Hi I'm dervprof, I hate the fact that people are taking calculated financial risks while I'm afraid too and have had my life on hold since 1995. What I really hate though is that I argued against that gamble until I was blue in the face but annoyingly RenovationMan out argued me and was proved right and it burns me up so much that I have to keep going on about it. I cry myself to sleep every night with the anger and bitterness of it all. I'm so damned jealous it hurts.
2013: ditto
2014: ditto
2015: ditto :rotfl:

Erm, that's what you think happens, or would like to happen. Not only can you prove any of that, but it isn't true anyway.

Meanwhile, my assertion that you repeatedly remind us about your "plan" can easily be proved, and is clear for all to see.

The angry and bitter (not to mention childish) posts seem to be coming from you, not me. The above quote being an example of one of them.

Rinoa

geneer wrote: »

Whats childish about near verbatim quotes that came from your good self during the nth itteration of your 6 year crusade Rinoa.

The childish part would be you repeatedly "forgetting" the Harsh realities of your own spurious arguments.
You remember, the kind of Harsh realities which compelled you to adopt a fall back position of 2001.

You must remember. Like harsh reality that had I decided to buy in december 05, this wouldn't be reflected in the lagging figures for a number of months.
Like the harsh reality of how meaningless the blunt averages are nowadays.

So lets see do I go Edinburgh city centre. 12K drop since march 2006. 60K drop since peak.
Or do I go for the more family orientated 3 bed semi. Up by a whole 3 grand since march 2006. Down 45K since peak.

And I bet you still wonder why no one cares about your embittered little obsession.

:rotfl:

I'm letting you off lightly with the £40,000 loss. You're old enough to have bought years earlier than December 2005.

And I didn't even mention the rent you've squandered over the years.

Not much point flagging up your beloved 'crash' every other post when your years of dithering have devastated you financially.

geneer

Rinoa wrote: »

:rotfl:
I'm letting you off lightly with the £40,000 loss. You're old enough to have bought years earlier than December 2005.

Loss you say? :rotfl:

Edinburgh city centre. 12K drop since march 2006. 60K drop since peak.

Edinburgh 3 bed semi. Up by a whole 3 grand since march 2006. Down 45K since peak.

Rinoa wrote: »

:rotfl:
You're old enough to have bought years earlier than December 2005.

Oh, there goes those slippery goalposts. Who could have predicted that?

Pimperne1

Graham_Devon wrote: »

Ok. 2007.

CML.

Fail. Julie said - Show me one post where a bull (etc) said:

"House prices only go up. Prices won't fall".

Don't think you demonstrated that here.

Rinoa

geneer wrote: »

Loss you say? :rotfl:

Edinburgh city centre. 12K drop since march 2006. 60K drop since peak.

Edinburgh 3 bed semi. Up by a whole 3 grand since march 2006. Down 45K since peak.



Oh, there goes those slippery goalposts. Who could have predicted that?

Don't go overboard with the cartoons, you don't want to be PPR'd again.


So let's look at the ESPC edinburgh:




A £40k increase since Q4 2005. And you could have bought much earlier than that as you admitted to being mid 30's 2 years ago.

And all that rent too. Doh. :doh:

But hey, you,ve still got that 'crash' to celebrate. :rotfl:

Jimmy_31

MrRee wrote: »

Trouble is that Option 3 is just a figment of your imagination, there is no crash and won't be.

Prices will never fall to a level at a point when you will buy.

You will always live with your Mummy or buy someone else's house for them.

When you are 80 you will still be paying rent and regretting the day of the low house prices in 2011 which you let sail by!

Don't get me wrong I WANT a crash!! I really do!! I am not selling I am buying ...... but, I use my eyes to see what's going on - and round here property is selling fast.

Up North - yes, it may be having a severe correction - but here in the South we have no recession, plenty of jobs in Banking and loads'a'money!

The crash has happened round here mate.

I can go and buy a 2 bed terrace for 30k tomorrow if i wanted to, well not 30k because i aint paying the full asking price.

I use my eyes to see what's going on - and round here property is tanking fast.

I wish i was a southerner because it sounds like some magical kingdom of happiness down your way.

Option 3 exists, it has served me very well:D:D:D:D:D:D:D:D:D

I work in the construction industry so have fcuk all chance of reaching 80 years of age:rotfl: