What is wrong with wanting cheaper homes

Road_Hog

Joeskeppi wrote: »

In case your wondering Road-Hog, Graham bought half a house and presumably would like to buy the second half cheaper.

Oh dear, half a house? You're right, he probably wants to pick the rest up on the cheap. I wonder how happy he'd be if he couldn't afford the mortgage/rent and was repossessed and then someone picked up his house really cheaply, affordable housing and all that.

Why is it that people want to pick up property really cheaply at someone else's misfortune? But they wouldn't like it happening to them.

Graham_Devon

Joeskeppi wrote: »

In case your wondering Road-Hog, Graham bought half a house and presumably would like to buy the second half cheaper.

Which is wrong. I will never buy the second half.

Any other guesses?

Edit: Seems you are both somewhat flummoxed!

The-Joker

RenovationMan wrote: »

the bears (this is what you call yourselves, ridiculous though it is to those who know what 'bear' and 'bull' actually means) were insisting that people should be stopped from getting easy credit.
Lilac P is right. Some people should be protected from themselves. Some people should be prevented from debting themselves up to the eyeballs and ending up getting repossessed.

I put the question to you Reno man, do you actually know the correct definition of what bull and bear actually mean?

Most property bulls now try and say lets forget the entire bull/bear thing because it is obvious now that the few remaining bulls are wrong. To be a bull you think property is in a rising market. There is very little chance of proprty rising in the near term the way the global crisis is going.

If you think property will not rise any more in the near term then you are a bear.

So really is who brave/stupid enough to stand by Hamish and a few others who are still property bulls?

Oh and yes we still have cheap easy credit, people are still getting credit they will struggle to pay for when interest rates go back to normal and property continues in its bear market.


It is looking very likely those in the 50% club will be spot on, we are looking at a 50% real term fall from top to bottom. We are around half way through, but who knows maybe the 70% club could still be right. I am firmly in the 50% club though we shall see.

wotsthat

Graham_Devon wrote: »

Any other guesses?

Are you about to enter into a BTL joint venture with Fred Goodwin, Hamish and Grant Bovey and you want to buy cheap?

wotsthat

The-Joker wrote: »

Oh and yes we still have cheap easy credit, people are still getting credit they will struggle to pay for when interest rates go back to normal and property continues in its bear market.

What's this about interest rates going back to normal? I don't think anyone's mentioned this before - when's this forecast to happen and how quickly?

JonnyBravo

It's due to happen anyday now. Right in time for silver to hit $500/oz, oil to hit $250/barrel and Space Raiders to be close to £1/pack

System

As long as Transform-a-Snack's are still 30p, I'm alright Jack.

Jimmy_31

RenovationMan wrote: »

Graham googled your area and you can pick up a 2 bed mid terrace for £30k. Where did you get your £250k from?

Obviously people round my way were not paying 250k for a shoebox, they were paying about 130k for a new build shoebox and real houses were not far behind.

ONE HUNDRED AND THIRTY THOUSAND POUNDS FOR A SHOEBOX, lots of these houses turned up on the back of a lorry and got slotted together.

3 bed semi shoe boxes were going for about ONE HUNDRED AND EIGHTY THOUSAND POUNDS during the boom, i probably make it sound quite expensive saying it like that but some of the houses had a designated parking space thrown in and you got a free shrub in your front garden. Oh and lets not forget you got to choose what colour tiles you could have in your bathroom, all 3 of them above the basin.

Jimmy_31

RenovationMan wrote: »

I thought it was Jimmy, but then I also thought he was a builder. It's so difficult to keep up with these ever morphing back stories!

I dont live in oldham and i am not a builder.

I repeat I AM NOT A BUILDER.

I spend my working days on building sites and none of them have builders on them.

I have not once said im a builder.

Derivative

JonnyBravo wrote: »

Space Raiders to be close to £1/pack

When Space Raiders hit £1/pack the Arab Spring will look like a game of hide and seek.