What rose tinted glasses have our resident bulls been looking out of recently?

smamst

Do Specsavers do them.

Recently all we have had is bulls creaming themselves over some ridiculously low volume transaction HPI figures which are actually decreases when you factor in the runaway inflation.

Back in the real world, people are not buying houses, not because they can't get mortgages, or can't save enough for a 20% deposit, they can't buy because house prices are over valued by at least 60%.

And now the double dip recession is starting.

http://www.bbc.co.uk/news/business-15715460
http://www.bbc.co.uk/news/business-15271800
http://www.bbc.co.uk/news/business-15234228

It's over bulls, low interest rates have failed, QE has failed, the BoE might as well give us each a £1 million pound through the post of funny money to kick start the economy, even then the economy is going to fail.

You can't prop up a mountain that is falling down, eventually it will crumble, you can try and delay it, but rest assured that mountain will come down.

reweird

What planet are you on? Houses are selling and achieving asking. Certainly down in Gods country, the South East. But no where else really matters though.

ruggedtoast

The problem is it tends to be the houses you dont want that aren't selling. I spent a long time house hunting and seeing nicer but "overpriced" houses at near to peak prices going under offer, while dives cut their prices and still didnt shift.

The problem is that the lower end of the market demand has been shut out, but so far not the middle. All reasonable logic says that the middle should then fall as it is unsupported by those trading up, but for reasons I cant explain it isnt much, and hasnt for a long time.

homelessskilledworker

smamst wrote: »

Do Specsavers do them.

Recently all we have had is bulls creaming themselves over some ridiculously low volume transaction HPI figures which are actually decreases when you factor in the runaway inflation.

Back in the real world, people are not buying houses, not because they can't get mortgages, or can't save enough for a 20% deposit, they can't buy because house prices are over valued by at least 60%.

And now the double dip recession is starting.

http://www.bbc.co.uk/news/business-15715460
http://www.bbc.co.uk/news/business-15271800
http://www.bbc.co.uk/news/business-15234228

It's over bulls, low interest rates have failed, QE has failed, the BoE might as well give us each a £1 million pound through the post of funny money to kick start the economy, even then the economy is going to fail.

You can't prop up a mountain that is falling down, eventually it will crumble, you can try and delay it, but rest assured that mountain will come down.

Are you a troll reweird?

Aberdeenangarse

homelessskilledworker wrote: »

Are you a troll reweird?

Is the Pope a Catholic?

Pimperne1

smamst wrote: »

Do Specsavers do them.

Recently all we have had is bulls creaming themselves over some ridiculously low volume transaction HPI figures which are actually decreases when you factor in the runaway inflation.

Back in the real world, people are not buying houses, not because they can't get mortgages, or can't save enough for a 20% deposit, they can't buy because house prices are over valued by at least 60%.

And now the double dip recession is starting.

http://www.bbc.co.uk/news/business-15715460
http://www.bbc.co.uk/news/business-15271800
http://www.bbc.co.uk/news/business-15234228

It's over bulls, low interest rates have failed, QE has failed, the BoE might as well give us each a £1 million pound through the post of funny money to kick start the economy, even then the economy is going to fail.

You can't prop up a mountain that is falling down, eventually it will crumble, you can try and delay it, but rest assured that mountain will come down.

Wow, nothing off of you on this forum for such a long time and then this bombshell. I think the bulls have been wearing the same glasses for about seven years now and they only caused slight impairment of vision for around a year back in 2008. We can see clearly now.

shortchanged_2

Pimperne1 wrote: »

Wow, nothing off of you on this forum for such a long time and then this bombshell. I think the bulls have been wearing the same glasses for about seven years now and they only caused slight impairment of vision for around a year back in 2008. We can see clearly now.

I don't think this person is in the same league as MrRee now are they.

MrRee_2

Now, I consider myself a neutral .... all I can report is what I see.

I am currently a buyer of property NOT a seller - so, really, I should be talking the market down .... but I can't do that, not if what I see with my own eyes is happening.

Quality property priced right are selling within hours here in the South, of that there is no doubt whatsoever. I have been travelling 60 miles to view a property 'new' to the market and, by the time I arrive, the Agent tells me it has been sold ...... that's how it is here.

OK, granted, £25,000 hell holes in the North may be struggling to sell .... I wonder why? Truth is EVERYONE except Jimmy31 can afford better than a £25,000 Terrace, so they go upmarket and buy a £50,000 property which is more than twice as good. That's just common sense isn't it?

That's just how it is - no crash, no downturn, no bargains on the horizon ..... sadly, as I am a buyer

2009 was the bottom, we shan't see the likes of those bargain prices again ....... I'm still kicking myself for not buying then!

shortchanged_2

MrRee wrote: »

Now, I consider myself a neutral .... all I can report is what I see.

Wrap up will you. You're about as neutral as Man U fan when they play Man City.

Most people on here have an opinion on here one way or the other and most are happy to admit what their opinions are.

You harp on about your fake neutrality when you blatantly talk about ramping up the housing market and economy.

andybenw

If you can afford to buy within your means and be in a position to overpay your mortgage then I see no reason why anyone should be hesitating to jump on the property ladder at present. Prices may be stagnating(ie dropping in real terms). But your mortgage will also stagnate.

Niv

smamst wrote: »

house prices are over valued by at least 60%.


QUOTE]

Where do you get this from? I find this to be highly unlikely.

When is the starting point for this 60% reduction? From today? yesterday? last year?

When I purchased my house ~4years ago it was on the market for £120k (I got it for a bit les). Are you suggesting that house prices are going to fall to such an extent that this house will be worth £48k? That is just ludicrous, it will not happen. Dont get me wrong, I am happy for all housing to drop 60% but it wont, it is pie in the sky, get over it.

I dont know if my thoughts are bullish or bearish, I just consider myself realistic.