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Debate House Prices


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Expert prediction for 2012: Down!

1356744

Comments

  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    edited 21 December 2011 at 10:10AM
    Congratulations on your new house Geneer !!!!:beer:
    Welcome to the property owners club:T

    Benjamin

    Yes, congratulations on buying a house this week, two years ago!

    into_the_vortex_306x172.jpg


    :rotfl::rotfl::rotfl:

    LOL! You couldn't make it up. Bonkers.:D

    Any credibility geneer once had (little enough, I know) has now gone out of the window. Dr Geneer, the time travelling house purchaser. :rotfl:
  • geneer
    geneer Posts: 4,220 Forumite
    Yes, congratulations on buying a house this week, two years ago!
    :rotfl::rotfl::rotfl:

    LOL! You couldn't make it up. :D

    Bonkers.

    Yes. It is completely unrealistic to expect that someone familiar with the seasonal nature of the housing market would think they might have an advantage in buying at the height of winter. :rotfl::rotfl::rotfl:

    Obviously you must also love the way I managed to pop back in time and quiety update my "avatar count" thus ensuring I could readily deal with howling of the more embittered individuals. heh heh heh
  • jimpix12
    jimpix12 Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Sorry, but this report is garbage. I bought a house in May 2007 at a massively inflated price and now spend all of my day since being made redundant, on various online Forums slavishly repeating to others that buying a house was the best investment I ever made. Meeting my monthly repayments won't be an issue even with no income because employment is at record highs and my home will sell within days of being on the market, due to massive under-supply.

    Anyway, anyone who has a brain cell knows that house prices are going up by 15% this year based on what banks or building societies or estate agents tell me, which of course is true. So don't bother investing in Gold or Stocks... Put your money into housing as soon as you can it's never depreciated before, unlike Gold which has dived in price by 150% in 603 days. I read about that here on MSE.
    "The only man who makes money from a gold rush is the one selling the shovels..."
  • klemutot
    klemutot Posts: 326 Forumite
    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.

    Hamish... .
  • geneer wrote: »
    Obviously you must also love the way I managed to pop back in time and quiety update my "avatar count" thus ensuring I could readily deal with howling of the more embittered individuals. heh heh heh

    LOL, this is such fun that I have taken you off ignore for a while. Yes, congratulations on changing your MSE avatar to a '2' from a face with a distorted smile a few weeks back when you came up with a plan to pretend you bought a house at what you have now decided was the bottom of the market. :rotfl:

    All credibility is now lost.

    Gun-Backfire.gif
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    LOL, this is such fun that I have taken you off ignore for a while. Yes, congratulations on changing your MSE avatar to a '2' from a face with a distorted smile a few weeks back when you came up with a plan to pretend you bought a house at what you have now decided was the bottom of the market. :rotfl:

    I'm sure it's perfectly true that Geneer bought a house and then spent two years planning his big reveal. I heard that the neighbours are a bit of a problem where he bought though - on one side he can hear a bloke shouting "da train, da train" and on the other side there's a chap who, must be a photographer, keeps saying "smiles everyone, smiles".

    This has got to one of the best comedy Christmas specials ever - who needs a telly.
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    I like the bit about pretending to change avatars, nice touch.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Joeskeppi wrote: »
    I like the bit about pretending to change avatars, nice touch.

    No doubt he'll 'bring into evidence' that he had his number avatars on one of the other obscure forums he frequents, rather than on MSE where he had that distorted face for a very long time before his '2' appeared when the decided to buy at he bottom of the market.

    It is laughable, I have to say. He always used to berate me because I hold the view that any time is the right time to buy a house, if your circumstances dictate it. He mocked me and said 'What even in 2007!!'

    What I found odd was the idea that someone buying in 2007 would actually know that it was the top of the market, as opposed to someone buying in 2006, 2005, 2004, 2003, 2002. Geneer was showing his 'hindsight' investment strategies' even then.

    Now he has decided to have bought 2 years ago at the trough of the market crash, again using his 'hindsight investment strategy'. The question again is why would a property bear buy in 2009 when all indicators showed that the market would be in freefall? At the time geneer supposedly bought in 2009, it was likely that the housing market would fall much further. Clearly geneer will try to tell us that he knew the BoE and Government would successfully put all the measures in place to stabalize house prices.

    The only fly in the ointments is that he never posted any of this, he kept quiet about his house purchase for two years and more importantly he mocked those who did buy after the crash, such as myself.

    Nah, this is all BS and geneer has just shot his bolt. No doubt he will try and wriggle out of it in the New Year by suggesting it was 'all a joke' and he hasn't really bought (especially if we see a dramatic fall in house prices). I always maintained he was a liar, and he has now lost credibility even with the other bears on this site.
  • spunko2010 wrote: »
    Sorry, but this report is garbage. I bought a house in May 2007 at a massively inflated price and now spend all of my day since being made redundant, on various online Forums slavishly repeating to others that buying a house was the best investment I ever made. Meeting my monthly repayments won't be an issue even with no income because employment is at record highs and my home will sell within days of being on the market, due to massive under-supply.

    Anyway, anyone who has a brain cell knows that house prices are going up by 15% this year based on what banks or building societies or estate agents tell me, which of course is true. So don't bother investing in Gold or Stocks... Put your money into housing as soon as you can it's never depreciated before, unlike Gold which has dived in price by 150% in 603 days. I read about that here on MSE.

    Brilliant post :beer:
  • geneer
    geneer Posts: 4,220 Forumite
    LOL, this is such fun that I have taken you off ignore for a while. Yes, congratulations on changing your MSE avatar to a '2' from a face with a distorted smile a few weeks back when you came up with a plan to pretend you bought a house at what you have now decided was the bottom of the market. :rotfl:

    All credibility is now lost.

    Oh dear. Epic fail.
    You forgot to congratulate me on my 1, and 1.5 avatars too.
    My former CC pals are well aware of those.
    what can I say....

    Gun-Backfire.gif
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