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

Batchy

OK looks like interest rates will be going even lower, and the credit tap turning back on soon with cheaper credit.

With falling prices great, as I wanted to buy a BTL too. It will soon be cheaper to buy another house than a loaf of bread or a tank of petrol! yeyyy...

Hopefully get to keep my job for a period longer too, but hey ho, must be jobs out there somewhere!

DaddyBear

homelessskilledworker wrote: »

Are you a troll reweird?

Sibley's sockie. To be fair to Sibley it's quite a clever name (for Sibbers).

Batchy

People need to understand people arnt buying at the moment mostly because of fears of job security...

It has little to do with prices but buying cheap can be a big motivator, but there is a big difference to cheap and 10k off a 200k house, those price falls are not life changers.

MrRee_2

shortchanged wrote: »

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.

I want to BUY - why would I want rampant House Prices?

I, unlike some, talk from an intelligent view of the market - that's all.

No need for me to stand in any camp whatsoever, I stand in the centre ground .... no point doing anything other, surely?

Unless you believe that Forums like this can affect the market? If that was possible, then HPC would have brought doom, gloom, and a plague of locusts to haunt the world!

So, don't be daft and don't presume to tell me to wrap up when you wouldn't in real life .... be pleasant, OK?

MrRee_2

Batchy wrote: »

People need to understand people arnt buying at the moment mostly because of fears of job security...

It has little to do with prices but buying cheap can be a big motivator, but there is a big difference to cheap and 10k off a 200k house, those price falls are not life changers.

That would explain why people are buying down here in the South where jobs are plenty then?

It's a valid point ... maybe people wouldn't buy in the North - at ANY price at all? A bit like those on HPC then? They will never buy at any price too!

andybenw

I must say that there are not many on here screaming that prices are on the up. The general concensus would seem to be for a gentle real terms re-adjustment, possibly with a small nominal fall until transaction levels rise.

Which funny old thing is exactly what the government want. The banks will not be allowed to fail. Therefore interest levels will be kept low until high LTV loans bring their LTV down and then repossessions can act as normal.

There are counterbalancing forces at work and prices will not rise nor fall by large amounts over the next few years.

MrRee_2

Good points Andybenw.

Even though property in the South is selling fast, any rise is currently masked by the fact that prices achieved are simply a higher percentage of the asking price. Whereas in 2009 30% OFF asking was normal - today there is hardly any movement at all.

So, prices have risen in the South but that is disguised somewhat ... falls are much more obvious because it usually means a fall in asking prices (people being scared to be seen as offering silly money).

Jack_Johnson_the_acorn

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.

I'm currently buying with a 10% deposit, I expect house prices to stagnate or fall by a tiny amount.. There isn't as much fear for those who can afford to buy...

MrRee_2

True - the fear was in 2008 and resulted in the bottoming out of prices in 2009 .... some people missed the boat (me included) and want to see it come around the harbour to pick them up ... but it won't - it's gone!

nembot

No it never comes back round, yet it did in the 70's, late 80s/early 90's, then 08... I see a pattern here, clearly the worsening global financial crisis isn't a factor either? (sarcasm).

To be fair, I'd be more concerned about your ability to pay your mortgage should you lose your job Mr Ree, than fantasize about price rises or the suggestion it could never happen again.

We heard all that !!!!!! in 2007 and the years before the other crashes, didn't stop anything then either.