Expert prediction for 2012: Down!

Dan:_4

geneer wrote: »

I don't think I am champ.
Its ol' Dan who doesn't appear to be aware of the difference.

Dan is aware of the difference.

geneer

Benjamin123 wrote: »

Are you going to STR then if prices are coming down?:rotfl::rotfl::rotfl:

(or is your area / street immune to falls);)

Benjamin

Probably not and no.

wotsthat

geneer wrote: »

You appear to have mistaken a Nationwide staff member for "nationwide", and earlier in the year for "now".

The staff member was the chief executive. He sort of blew a hole through the Geneer meme that Nationwide were part of a property ramping conspiracy. You know; that one you could prove but can't be bothered?

I was talking about and referenced what he said in November 2008 - the only mention of "earlier in the year" must have been a different conversation you were having in your head.

geneer

Dan: wrote: »

Dan is aware of the difference.

If only you could predict the future you might not have made such a spurious claim.

geneer

wotsthat wrote: »

The staff member was the chief executive. He sort of blew a hole through the Geneer meme that Nationwide were part of a property ramping conspiracy. You know; that one you could prove but can't be bothered?

I was talking about and referenced what he said in November 2008 - the only mention of "earlier in the year" must have been a different conversation you were having in your head.

In which case I must correct my statement to the following.

You appear to have mistaken nationwide staff for nationwide...again.

I believe this actually sort of blew a hole in your argument Wotsits.
http://www.thisismoney.co.uk/money/mortgageshome/article-1651805/House-prices-Will-your-home-sell-in-2009.html
Nationwides official prediction for 2009: No prediction.

I'd say that I can't believe you'd make the same mistake twice...but I can't. :rotfl:

Dan:_4

geneer wrote: »

If only you could predict the future you might not have made such a spurious claim.

If I could predict the future i would be a rich man fella

moneyinmypocket

Can someone fill me in on greeners story - was he a HPC fan who turned house buyer?

Benjamin123

moneyinmypocket wrote: »

Can someone fill me in on greeners story - was he a HPC fan who turned house buyer?

Geneer was (is?) a uber bear who through 02,03,04,05,06,07,08,09,10,11 said he would not buy until there had been a HPC.

Prices rose 300% over a decade they fell by a 10% -15% (08/09) and Geneer bought in 2009 (but did not announce it till 2011)

Though average prices were still way over traditional measures of affordability e.g 3.5 times average wages when Geneer bought in 2009. (i.e no HPC)

Geneer maintains he bought after a HPC to rationalise the fact that he bought at the start of a potential HPC 08 /09 but his action in buying only after the froth had come of the market helped play a small (his) part in preventing the HPC actually happening.:rotfl:

Benjamin.

Benjamin123

geneer wrote: »

Thanks PropertyGuru. Very nice of you to say so.

:T Good for you. It is a big achievement.

If you go back to 2009 the market was sliding / the froth had come off the top the only thing that stoped a full HPC i.e resulting in house prices becoming cheap again was low interrest rates and the people who dived in and bought in 2009 / 2010 :beer:

If you ignore the broarder picture that by buying in 2009 you helped prevent a HPC develop on a personal level good for you for getting on the ladder. Once you are on the ladder you realise it's not such a big fuss and you probably wondered why it seemed so scary for all those years when you were renting / on www.hpc etc

Benjamin

geneer

Benjamin123 wrote: »

Geneer was (is?) a uber bear who through 02,03,04,05,06,07,08,09,10,11 said he would not buy until there had been a HPC.

Prices rose 300% over a decade they fell by a 10% -15% (08/09) and Geneer bought in 2009 (but did not announce it till 2011)

Though average prices were still way over traditional measures of affordability e.g 3.5 times average wages when Geneer bought in 2009. (i.e no HPC)

Geneer maintains he bought after a HPC to rationalise the fact that he bought at the start of a potential HPC 08 /09 but his action in buying only after the froth had come of the market helped play a small (his) part in preventing the HPC actually happening.:rotfl:

Benjamin.

:eek::rotfl::rotfl::rotfl:

Never really used to take you seriously PropertyGuru. Always saw you as a bit of a frivilous scamp.

Which makes your deranged, vitriolic effort above all the more satisfying. I'm very pleased that the whole gang managed to make my "6th Anniversary".