Average price of FTB properties down 23% since peak says lloyds.

Benjamin123

Percy1983 wrote: »

Just a thought but any 'bear' buying a house doesn't mean the bulls are right.

I have bought a house because its the first time in my life I can QUOTE]

Yes but Geneer is not just "any 'bear''. He was one of the most militant of his generation.

In union terms it's like Arthur Scargill crossing a picket line. On the HPC forum Geneer would be a 'scab'.

Benjamin.

geneer

Pimperne1 wrote: »

You seem to have gone into a posting frenzy just recently Geneer, why is that? I see they lifted another embarrassing thread relating to you - do you have friends in high places?

Cos theres just been so much bearish news recently Columbo.
Ironically, the exact same reasons that work you into a frenzy. :rotfl:

geneer

Benjamin123 wrote: »

Percy1983 wrote: »

Just a thought but any 'bear' buying a house doesn't mean the bulls are right.

I have bought a house because its the first time in my life I can QUOTE]

Yes but Geneer is not just "any 'bear''. He was one of the most militant of his generation.

In union terms it's like Arthur Scargill crossing a picket line. On the HPC forum Geneer would be a 'scab'.

Benjamin.

Hiya Benjamin/Property Guru.

You have no idea what a pleasure it is to know you've gotten the good news too.

geneer

heathcote123 wrote: »

It is pretty hard to think why else it would have been pulled...

Nothing to do with the howl of apoplectic rage directed my way by the usual suspects then?

geneer

Benjamin123 wrote: »

I wish Geneer all the best but it's a bit light of the wee fella to buy in 2009 and then keep it quiet.

Why would he do that?

Realist Bear, Dr Bubb and his BTL's, Mervyn Somerset Webb, Geneer etc etc why do all the uber bears buy houses after telling every one there will be a HPC for years ???? Why rent for all thse years and buy before the "HPC" has happened??

Nowt as a queer as folk as old Grandma PG used to say.

Benjamin.

A good questions PG and thanks very much for asking.

Firstly, the crash did happen. Sorry to break it to you.

Secondly, I bought because I was able to get a price 20% less than peak, and I was able to put down a 25% deposit, giving me preferential interest rates. Also, the property was a bit special and because of this seemed very much to be better value for money.


As to why I played my cards close to my chest, simples. I wanted to let the guys who had rabbited on and on and on and on for 4 years spin their wheels for a bit more.

So that when I told them their efforts had been meaningless (as they had been for the 4 years) they would really, deep in their darkest hearts, know the truth of it.

1 year later, and I planned to let it out at the “5th anniversary” Heathcote, Rinoa and Pimperne1 had been relentlessly building up to for the year.
Of course after such a build up that turned out to be a completely damp squib.
Primarily because I’d expertly set the guys (and in particular Columbo) up for a fall in turning their obsessive timing game against them.
The climax of the same, when the transitory price spikes dropped out exactly as I said they would, caused such a spectacular comedic meltdown, that all in all I felt the big reveal would have been a bit of a let down.

So I decided to let them spin their wheels for another year, and bring it up at the grindingly inevitable “6th anniversary” celebrations. And they guys never let me down! The rest is history.

Of course as this also at a stroke negated a year of “geneer lives with his mum” “geneer will never buy” “geneer is paying his landlords mortgage” comments trotted out every time my new MSE pals lost an argument, it has proven to be double bubble.

wotsthat

geneer wrote: »

As to why I played my cards close to my chest, simples. I wanted to let the guys who had rabbited on and on and on and on for 4 years spin their wheels for a bit more.

So that when I told them their efforts had been meaningless (as they had been for the 4 years) they would really, deep in their darkest hearts, know the truth of it.

1 year later, and I planned to let it out at the “5th anniversary” Heathcote, Rinoa and Pimperne1 had been relentlessly building up to for the year.
Of course after such a build up that turned out to be a completely damp squib.
Primarily because I’d expertly set the guys (and in particular Columbo) up for a fall in turning their obsessive timing game against them.
The climax of the same, when the transitory price spikes dropped out exactly as I said they would, caused such a spectacular comedic meltdown, that all in all I felt the big reveal would have been a bit of a let down.

So I decided to let them spin their wheels for another year, and bring it up at the grindingly inevitable “6th anniversary” celebrations. And they guys never let me down! The rest is history.

Of course as this also at a stroke negated a year of “geneer lives with his mum” “geneer will never buy” “geneer is paying his landlords mortgage” comments trotted out every time my new MSE pals lost an argument, it has proven to be double bubble.

It makes so much sense now you put it like that.

Benjamin123

geneer wrote: »

A good questions PG and thanks very much for asking.

Firstly, the crash did happen. Sorry to break it to you.

Which year (& month?) Did UK or Scotland prices become "cheap" or fall below 3.5 times average wages?

Benjamin

Wheezy_2

I bought in 2009 also and nobody made a big fuss about it. It's just not fair.

Benjamin123

geneer wrote: »

A good questions PG and thanks very much for asking.


Secondly, I bought because I was able to get a price 20% less than peak,

.

The irony Geneer is that you have played your part in ensuring a HPC does not happen. After house prices rise 300% in 10 years you buy in at a level with just the froth taken of the top off that boom.

Benjamin

Benjamin123

Wheezy wrote: »

I bought in 2009 also and nobody made a big fuss about it. It's just not fair.

This is why a HPC never happened in the UK as propery never became a dirty word.

Even uber bears like Geneer and Merryn were buying in 2009 / 2010.

Thus they helped stop a potential HPC developing after the froth came of the market in 2008.

Benjamin