Sibley won't allow prices to fall under £160K

caronoel

brit1234 wrote: »

I haven't been seen for about 5 - 6 days. Mainly because of using all my monthly internet usage early after downloading some big programs/updates and working my but off with this annoying Olympic shift pattern fitting my physical training round it.st

Have 1 day off before another 8 on but will be happy to use my precious and short free time to update my sig.

PS I expect land registry to be down next month as well as halifax (which sea saws the most each month", reckon Nationwide will be up though as it is rare to get 3 down in a row.

Expect big delays in my sig next month when we are Olympics proper.

I also ignore Nollag sock puppets for which there are many.

SIBLEY trying to stop the sub £160K house price crash.:D

Oh how we miss your crazy rants brit.

Are you still holding out for the 50% price crash by Christmas?

westernpromise

The crashtroll mentality comes from failure to understand one very simple thing about how the property market works. This is that when people buy a house, all the expected future inflation or deflation is built into the price today. Nobody would sell you their house for £100k expecting it to be worth £120k in a year. If they thought that, they’d want £120k for it today. They sell it for £100k because nobody can really see it going much beyond that now, given it was only £80k this time last year.

Consequently house prices have a tendency to look toppy in a buoyant market and crashy in a brittle one. Crashtrolls misunderstand both signals as meaning the market is crashing. This is why, whether the market is rising, static, crashing, or crashed 7 years ago and never recovered, crashtrolls always think it’s about to crash. They take everyone's belief that current prices are high wholly at face value. In any and every market state, including a boom, they see a crash as imminent (to a crashtroll, a boom is always a bubble).

Of course what happens is that a year later the same house is worth £120k, but no more, because it's clearly not going to go to £140k...

Since the market is always about to crash, and they are hungry for inflationary gains, there is never a good time to buy. So they never do; they rent, and after about 15 years they end up with a BCR above 100%, beyond rescue.

caronoel

How did this prediction work out for you brit1234?

Sibley

I always worked on a very simple theory.
MP's and rich party supporters were massive supporters of BTL.


No way on earth were they ever going to lose their dough :beer:

caronoel

Sibley wrote: »

I always worked on a very simple theory.
MP's and rich party supporters were massive supporters of BTL.


No way on earth were they ever going to lose their dough :beer:

Odd that brit and all his chums on this thread have been very quiet of late.

:rotfl::rotfl::rotfl:

Crashy_Time

Sibley wrote: »

I always worked on a very simple theory.
MP's and rich party supporters were massive supporters of BTL.


No way on earth were they ever going to lose their dough :beer:

Funny how they like taxing themselves though?

mayonnaise

brit1234 wrote: »

You said "average house price to drop under 160k" not average council estate house, its set in stone



Never knew the "S" meant Sibley. Able to jump over skyscrapers in a single bound, able to stop a speeding locomotive, able to stop average land registry prices falling under £160k, it's Super Sibley!!!!

Definitely Super Sibley.
Halifax average at 230k now.

caronoel

brit1234 is very quiet of late. He used to come on here, after the Great Crash of 2008, boasting about his cheap police housing and how he was sitting on a pile of cash just waiting to swoop once house prices fell another 50%.


How did that work out?