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

Conrad

smamst wrote: »

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.

You've fallen into the exact pessimists trap that has been much studied in psychology. Go read Future Babble in which countless examples of your exact same predictions have been examined and where 99% were found to have called it wrong and where it explains that the pessimists always retort with 'ah, but this times things really will be different'.


The reason you guys are wrong is because you use a simplistic lianear extrapolation from a current scene. The reason this fails is because it cannot factor in the unpredictable outcomes that result from billions of brains doing new and unforseen things that as a whole change what was predicted.

Go read your history - so many of these edge of precipice predictions have been made and failed and yet we never learn the lessons. Go read how many respected economists said America would be a broken nation by 1990, that Japan et al would have taken over. The exact opposite happened to America.


You are wrong, we will grow from here as you will see.

MrRee_2

nembot wrote: »

To be fair, I'd be more concerned about your ability to pay your mortgage should you lose your job Mr Ree

I wouldn't worry yourself about me ...... if I lost my job then I would get a big fat golden goodbye cheque.

And, I haven't needed a Mortgage for many, many, many years ... basically, I cannot lose - whatever happens.

That's why I can afford to tell it as it is - no vested interest, just neutral observation.

Batchy

I brought last summer as I found a lovely house, and the fact that house wouldnt be coming round again, made me go for it. Occasionally I check the market to see what the money I brought with could have brought today instead... Nothing is what springs to mind so I would still be looking.

Also you have to factor in, I would have been renting for a set period (dead money), but I understand this now, since I would have to reduce my mortgage term by the extra rented term potentially. For example, imagine a 40yo, retiring at 65, so last year would have qualified for 25 year mortgage, now, he can only get a 24 year mortgage... so repayments would be higher naturally on like for like value, also trackers have increased on many products too, so you would get punished for the whole term, like 4 like.

Conrad

Why are renters so afraid of money ticket loss? They wallow in the here and now, scared of life itself.

Jimmy_31

reweird wrote: »

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.

What planet are you on? Houses are not selling and not achieving asking. Certainly around my way, the north west. But no where else really matters though.

Jimmy_31

MrRee wrote: »

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!

You are quite welcome to read through my past posts, you will see the one were i state i will be buying a 50k terrace and not a 25k terrace.

The dearer house will not be twice as good as the 25k house, it will be the same style of house in an area up the road, which is a better area and offers everything i need.

If you are wondering why they wont sell, its because lots and lots of people have lost their jobs or had big pay cuts.

Game over around here.

Better hope it doesnt spread eh:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

I may get the 50k terrace for the 25k price yet the way things are going around here.