Come on bears, admit it.....

chewmylegoff

HAMISH_MCTAVISH wrote: »

Course there is.

If I had known in 2007 what I knew today, I'd have done the following:

1) Paid the extra fee for a lifetime base plus 0.5% mortgage instead of a limited term base plus 0.5% deal reverting to base plus 2% for life.

2) Bought as many BTL-s in Aberdeen as I could get my hands on.

3) Bought a much more expensive primary residence instead of being cautious and buying at the average price for the area.

You would have made a lot more money if you had sold your house and used the capital to place the most highly levered long spread bet on gold you possibly could. You would have retired by now and be laughing in the face of BTL landlords and their rubbish yields.

DervProf

reweird wrote: »

You can't beat a good bear baiting session. :T

And you are a master at baiting, aren't you ?

DervProf

HAMISH_MCTAVISH wrote: »

Course there is.

If I had known in 2007 what I knew today, I'd have done the following:

1) Paid the extra fee for a lifetime base plus 0.5% mortgage instead of a limited term base plus 0.5% deal reverting to base plus 2% for life.

2) Bought as many BTL-s in Aberdeen as I could get my hands on.

3) Bought a much more expensive primary residence instead of being cautious and buying at the average price for the area.

:rotfl:

Why bother with all that, when you could have just bought a few lottery tickets of your choice (preferably one with a massive jackpot) and not had to wait quite so long to make a fortune ?

kabayiri

DervProf wrote: »

And you are a master at baiting, aren't you ?

I'd use Reweird as bait, to be fair, but I can't find a hook big enough

DaddyBear

HAMISH_MCTAVISH wrote: »

If you'd known back in 2007 that:

- house prices would fall by 20% or so as a national average,

- then recover to just 10% falls as a national average within a few years.

- that base rates would fall to 0.5% and stay there for 5 years or more

- while rents soared to new record highs

- that you could have got a lifetime tracker mortgage at 100% LTV for just base rate plus 0.5%

- but that 2 years later you'd need a 40% deposit to get base plus 2% and even then only on a short term deal and reverting to an SVR of base + 3% or more....


You'd all have bought a house, wouldn't you?:rotfl:

I'd have bought ten houses..... In 1999.

DiggerUK

HAMISH_MCTAVISH wrote: »

If you'd known back in 2007 that:
- house prices would fall by 20% or so as a national average,
- then recover to just 10% falls as a national average within a few years........

As we have finally had an offer on Digger Mansions 1, and agreed a price that is 17% under what properties, exactly the same as ours, were achieving at the time of Northern Rock imploding, your nonsense does exactly what it says on the tin.

It was claimed in a post recently, that properties in the SE were bucking the national trend down in price, more bearnonsense? or just trolling.
..._

andybenw

doire wrote: »

Is this what it has come down to? Hamish trolling MSE to get a reaction. Have you nothing else interesting in your life? :rotfl:

Obviously you and me haven't Doire as we're both responding.

Percy1983

If I had a time machine there is things I would do differently, buying a house in 2007 isn't one of them.

Turnbull2000

Percy1983 wrote: »

If I had a time machine there is things I would do differently, buying a house in 2007 isn't one of them.

Early 2009 was the time to catch the bottom of the mini 'crash'.

Percy1983

Turnbull2000 wrote: »

Early 2009 was the time to catch the bottom of the mini 'crash'.

Actually the bottom for around me is now (and still dropping if you look at trends).

You may have missed the post but I am currently in the process of buying a house, now is the right time for me.