Land Registry MoM -0.9 % YoY - 3.2 %

Jack_Johnson_the_acorn

IveSeenTheLight wrote: »

I don't label myself as either bear or bull.
That said: -




I try not to have a pop at people either. I try to stick to the facts.
I have succomed occasionally in the past, but on reflection it's not worthwhile.

How do you fair in the "having a pop" index?

All this Bull/Bear nonsense is just that nonsense.............

ISTL is probably 1 of the more sensible posters on here.... Mr Ree and his ilk are clearly different. Oh well, this is clearly good news for those outside London who are waiting for a crash.

IveSeenTheLight

Jack_Johnson_the_acorn wrote: »

ISTL is probably 1 of the more sensible posters on here....

Sometimes it's not what I write but what I thank.

Thanking a post is considered that you agree 100% with the post and is effectively construed that you have said the same.

I liken it to clapping at part of a speech. It does not mean you agree with everything the speaker says, but part of it.

That said, I've agreed with posts and refrained from thanking because it included some personal slagging

pbouk

fallen again in my area! but i will still wait for further falls and grab a bargain :beer:

macaque_2

Pimperne1 wrote: »

London up annually and the South East down only 1.4% over the year (and up month on month). Two different markets here - London and the South East (doing rather well actually) and the rest (doing abysmally).

The Bulls' approach to data analysis is looking increasingly like sea gulls on a rubbish tip. They poke through the bin bags until they find an edible morsal and then there is a flapping of wings and loud squawking.

Jimmy_31

Sibley wrote: »

My house hasn't dropped a penny and the rent still looks good in my bank account.

You only lose the pennies when you try and sell the house.

Or it gets repossessed.

crash123

RenovationMan wrote: »

My own view has always been to take these sorts of average figures with a pinch of salt and to concentrate mightily on your target area, making friends with all of the estate agents to get the inside track. I remember getting my first house for a song because their estate agent told me that the owner had died and the property had been inherited by three people who were desperate to get rid and get the money banked. I put in a low offer and after some token resistance they capitulated. I found out later that I paid 10K less in 1995 than the original owner had paid in 1985.

I think you will find quite a few people managed this as we did have a house price crash that bottomed in 1995.

MrRee_2

I was in the 1990-1995 crash ...... trying to sell and buying at the same time.

This time it's very different ... it should be worse, but isn't - and I don't quite understand why.

One thing I can pin down is that in 1990-1995 there were many, many, more properties for sale - today there is a drought of available properties.

There were more repo's and Interest rates were vastly higher.

And, the BIG one - the BTL Landlord was unheard of .... this is the difference - and why there is a floor under which prices cannot fall ... and why a crash won't happen.

Interest rates hold the key. Why buy a property returning 7% if you can bank the cash and get 7% anyway?

geneer

macaque wrote: »

The Bulls' approach to data analysis is looking increasingly like sea gulls on a rubbish tip. They poke through the bin bags until they find an edible morsal and then there is a flapping of wings and loud squawking.

Or they tell us that they are bearish bulls. :rotfl:

ruggedtoast

SecondLegDownIsTheBigOne wrote: »

The falls will only accelerate from here. At least another -5% in the next 6 months.

Gulp.

/worried

RenovationMan

crash123 wrote: »

I think you will find quite a few people managed this as we did have a house price crash that bottomed in 1995.

Yes, but how many of those who bought in 1995 knew they were buying at the bottom? You don't know, except in hindsight, which kinda proves my point. Instead of worrying about national or regional falls, hitting the bottom or worrying about further falls after you buy; just buy when the time is right for you, based on the area you want to buy into, the type of house you are looking for and the amount of money you can afford.

All this analysis about the average house price and the average salary, bell graphs, LTV ratios is just B*ll*cks. I bought a house in 1995 because it was the right time for me and because I found the right house. I bought in 2002 because it was the right time for me and the right house, I bought in 2010 because it was the right time for me and the right house. I'll buy the next house at the right time for me and the right house.

Surprisingly, the right time for me had nothing to do with bell graphs, charts, discussions on obscure websites and everything to do with my finances, and everything to do with the criteria I have already listed.