Plunging house prices and the economy

nembot

quantic wrote: »

I sometimes genuinely get the feeling that posters on this forum, and other forums - really do believe that if they talk down the market enough it will become a self fulfilling prophecy. If they can make enough people believe what they believe it will come true.

I think you'll find the posters ramping the market far outweigh the bear camp, would this still be applicable to your theory or is it just a one way thing?

andybenw

nembot wrote: »

I think you'll find the posters ramping the market far outweigh the bear camp, would this still be applicable to your theory or is it just a one way thing?

Up or down no matter, the housing market just will not listen.


However, if you can sift through the blatant ramps and deramps at least on this site you can sometimes find some coherent debate as opposed to the one way traffic on some other websites.

nollag2006

macaque wrote: »

Phase 4. - End of the Bear Market
Bears become the new bulls

About the time that former-bear Merryn-Somerset Webb buys back into the market.

:rotfl:

Jimmy_31

MrRee wrote: »

HA HA HA HA HA HA HA HA ...... was 'Macaque' the name of a Clown? It is now ...............

There was once a fella in my local who hardly ever spoke, weeks would go by and he wouldnt say a word to anybody.

Then BOOM he would come out with something just like your clown joke and everybody would just ignore him.

You remind me of that fella.

Pimperne1

Jimmy_31 wrote: »

There was once a fella in my local who hardly ever spoke, weeks would go by and he wouldnt say a word to anybody.

Then BOOM he would come out with something just like your clown joke and everybody would just ignore him.

You remind me of that fella.

Jimmy, if I was in your local I wouldn't talk to anyone either. But anyway:

"A three legged dog walks into a bar and says, "I'm looking for the man who shot my paw".

Jimmy_31

Pimperne1 wrote: »

Jimmy, if I was in your local I wouldn't talk to anyone either. But anyway:

"A three legged dog walks into a bar and says, "I'm looking for the man who shot my paw".

It was you wasnt it.

geneer

macaque wrote: »

Understanding human signals in the Bull/Bear Cycle

Phase 1. - Rising market
Bull's posts are polite, thoughtful and rational but also intensely smug and self congratulatory. Any suggestion of a bear market is dismissed with quiet amusement.

Phase 2. - Market top
Bulls become less polite and more arguementative. Their posts adopt evermore complicated and contradictory theories as to how property can defy market forces 'this time'.

Phase 3. - Start of Bear Market
Bulls abandon polite debate and resort to insults and mockery. Many start quitting the forum to avoid the 'told you so moment'.

Phase 4. - End of the Bear Market
Bears become the new bulls

don't forget

Phase 3 - "many bulls become neithers".

phase 3.5 - the handful of bulls/neithers that are left focus on inventing/redefining fallacious arguments that they can "win".

geneer

Pete111 wrote: »

This month (today actually :beer: ) we completed on the flat that we bought in 2004 and have rented out since 2007

In late 2008 it was worth (according to the banks re-mortgage valuers) only 5-10% more than we paid for it and many were convinced it would soon be worth less. However we have just realised a 36% tax free profit by selling it at approximately 2007 peak. This despite 4 years of further wear and tear by tenants.

We are now mortgage free on our House despite buying it and not selling the flat in 2007 - yet apparently there has been a housing crash.

Go figure.

"Not up your street" eh?

We could never have seen that one coming.

Pete111

geneer wrote: »

"Not up your street" eh?

We could never have seen that one coming.

No...because technically it's not 'My street' anymore :beer:

Oh and sorry for providing a real life example that doesn't fit with your hopes and dreams - I'll leave you to your theory based frothing

Get-real-buy-real

macaque wrote: »

This month, house prices fell by over 37% on an annualisd basis. If a home buyer put down a 5% deposit today, they would be in negative equity within 6 weeks.

And this is before interest rates go back up, tick tock!!!!!!!!!