Any other home buyers in NI?

saverbuyer

GlynD wrote: »

Ah but I did read your figures oul hand. I also found my own from the University of Ulster which support my contention that the market has stabilised here and that house sales are on the increase. http://news.ulster.ac.uk/releases/2012/6536.html

All of this is exactly what I've been saying all along:

*You're no worse off here in negative equity than you would be elsewhere in the UK.

*We lag behind the UK in recovery - as always.

*The market here has either bottomed out or it is close to it.

*Now is an ideal time for first time buyers (or any buyers) to get a deal.

I'm still whistling the same tune and finding more professional opinion to support it everywhere I look. None of this suggests I'm trying to minimise the crisis but I believe my view is more realistic than the opposing views.

And btw - I bought a house in Northern Ireland just three years ago and I'm not in negative equity. :cool:

But Glen try to listen to this. YOU CAN’T BE IN NEGATIVE EQUITY WHEN YOU PAY CASH.

YOU NEED TO HAVE A MORTGAGE.

Oh and do try to find a professional who holds those opinions because the university or Ulster report is commissioned by the Bank Of Ireland and the Housing Executive. They get the figures from Estate Agents. Hardly professionals.

Please read the actual government report from Land Registry data that shows an average price £35, 000 less than the university one you mention. It uses actual sold prices, NOT MADE
UP ONES.

http://www.nisra.gov.uk/housepriceindex/NI_RPPI_Q32012statisticalpressnotice.pdf

saverbuyer

tara747 wrote: »

If you say so.

Any comment on the DFP stats?

Never Tara because he thinks that EAs tell the truth always.

saverbuyer

GlynD wrote: »

Who decides whether or not a report by a University is discredited?

I've read your reports btw and on the first page it says:

The decline is slowing and Q3 2012 had the lowest fall since 2010.

There's a 7% increase in the number of properties sold.

So I'm going by your figures Tara but still and all what I say is largely being borne out. To paraphrase Winston Churchill: "it might not be the end, or even the beginning of the end, but it is the end of the beginning".

Oh and: my house isn't immune to negative equity. I just saw the writing on the wall and bought at the right price. Where I come from it's called "knowing the market and negotiating accordingly". :cool:

It's called not knowing the definition of negative equity.

GlynD

saverbuyer wrote: »

But Glen try to listen to this. YOU CAN’T BE IN NEGATIVE EQUITY WHEN YOU PAY CASH.

YOU NEED TO HAVE A MORTGAGE.

Oh and do try to find a professional who holds those opinions because the university or Ulster report is commissioned by the Bank Of Ireland and the Housing Executive. They get the figures from Estate Agents. Hardly professionals.

Please read the actual government report from Land Registry data that shows an average price £35, 000 less than the university one you mention. It uses actual sold prices, NOT MADE
UP ONES.

http://www.nisra.gov.uk/housepriceindex/NI_RPPI_Q32012statisticalpressnotice.pdf

Do you know something? I'm reading reports left right and centre from you and Tara at the moment. None of which have challenged what I've said. You seem determined to press home your point here but I'm just as determined that my opinion isn't flawed - certainly not to the extent that you seem convinced it is. So why don't we just agree to disagree because we're obviously not going to persuade each other to drop our principles - or are we?

GlynD

saverbuyer wrote: »

It's called not knowing the definition of negative equity.

That's a low shot - I expected better than that from you.

saverbuyer

GlynD wrote: »

Who decides whether or not a report by a University is discredited?

I've read your reports btw and on the first page it says:

The decline is slowing and Q3 2012 had the lowest fall since 2010.

There's a 7% increase in the number of properties sold.

So I'm going by your figures Tara but still and all what I say is largely being borne out. To paraphrase Winston Churchill: "it might not be the end, or even the beginning of the end, but it is the end of the beginning".

Oh and: my house isn't immune to negative equity. I just saw the writing on the wall and bought at the right price. Where I come from it's called "knowing the market and negotiating accordingly". :cool:

Yes Glen, with a difference is average price of over £35,000.

Now who do you belive? The Tax Man or the Estate Agents?

Oh and Transactions are still 70% off 2006. :eek:

GlynD

saverbuyer wrote: »

Yes Glen, with a difference is average price of over £35,000.

Now who do you belive? The Tax Man or the Estate Agents?

Oh and Transactions are still 70% off 2006. :eek:

Not according to the reports you've sent me - universally it's 53% down.

saverbuyer

GlynD wrote: »

Do you know something? I'm reading reports left right and centre from you and Tara at the moment. None of which have challenged what I've said. You seem determined to press home your point here but I'm just as determined that my opinion isn't flawed - certainly not to the extent that you seem convinced it is. So why don't we just agree to disagree because we're obviously not going to persuade each other to drop our principles - or are we?

You are probably right.

You come from the GB school of prices always increase. It's what you are programmed to think. I come from the N.I. isn't like GB, only supported by it school.

You've spent too much time away from us. High house prices do not equal good a economy, no matter how much your GB friends like to think they do.

It’s hard for people to realise they have probably made a financial loss and misery does love company but please spare our young people the pain.
Oh and I am sorry for the low blow.

saverbuyer

GlynD wrote: »

Not according to the reports you've sent me - universally it's 53% down.

I mean number of transactions.

GlynD

saverbuyer wrote: »

You are probably right.

You come from the GB school of prices always increase. It's what you are programmed to think. I come from the N.I. isn't like GB, only supported by it school.

You've spent too much time away from us. High house prices do not equal good a economy, no matter how much your GB friends like to think they do.

It’s hard for people to realise they have probably made a financial loss and misery does love company but please spare our young people the pain.
Oh and I am sorry for the low blow.

You're fully entitled to your opinion but my own financial astuteness has guided me for a long time and successfully so. Therefore you must excuse me for thinking that my opinion is valid.

As much as you may think my absence as a resident has damaged my claim to any knowledge about the Province I hope you'll understand that; firstly, I need to take issue with that and secondly; I've been back for nearly three years and that has allowed me to brush up on local knowledge.

I don't wish the misery of financial pain on anyone but my opinion stands firm. Now is the time to buy.

Thank you for your apology.