Any other home buyers in NI?

saverbuyer

GlynD wrote: »

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.

You're not Alan Sugar you know. You are just of a certain age. Anyone one your age who bought a house isn't a financial genius, they are just lucky to have been born at a time of house price and wage inflation.

There is no wage inflation to erode debt now.

GlynD

saverbuyer wrote: »

You're not Alan Sugar you know. You are just of a certain age. Anyone one your age who bought a house isn't a financial genius, they are just lucky to have been born at a time of house price and wage inflation.

There is no wage inflation to erode debt now.

Don't assume old chap. It makes an @ss out of u and me.

You don't know who I am or what I have done: you certainly don't know what age I am and I'm not about to tell you. Suffice to say I have enough fiscal astuteness to form the opinions I have.

Anyway; I thought we'd agreed to disagree?

saverbuyer

I know you are over 40.

GlynD

saverbuyer wrote: »

I know you are over 40.

It's of no consequence what age I am. Furthermore it's none of your business (with respect). What I choose to post on here is my decision.

tommie

tommie wrote: »

London/Home Counties completely different set of factors,

this is the most educational piece on the Housing Market in N.I.

take your time and go through all the pages..

http://www.slideshare.net/Ramseconomics/northern-ireland-housing-market-december-2012#btnNext

Did you go through all of this yet?
If you`re having difficulty with any of the Graphs or Tables in there i`m here to help.
Also keep in mind we are not in the home counties, this is N.I.

I also notice you didn`t answer my last couple of questions...

don`t be shy now...

tara747

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 misunderstand me - I am not trying to persuade you to do or think anything. You, otoh, are vigorously extorting people to buy houses RIGHT NOW. I'm merely pointing out why I choose to wait. I see further falls to come.

On the Irish news last night, there was a prediction that house prices down there will fall another 20%. Think that it couldn't also happen up here?

No danger of missing the boat imho. The boat sank in 2007 and hasn't been dredged up yet. :rotfl:

GlynD wrote: »

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.

Well, well. What a bold statement. It reminds me of identical statements made on this very NI board many times in the last five years. We shall come back to it in a year's time and see if you're right, shall we? Because those who agree with you have been proved wrong time and again.

I stand by what I said; your house is almost certainly worth less than you paid for it; it's not NE as you don't have a mortgage (iirc), but it is a loss - albeit not realised unless you sell.

Mistral001

tommie wrote: »

If there was a prize for the worst piece of advice to give a young couple starting out then you win hands down, no arguments there..

total, total tosh on both counts,

and if you believe theres still a "property ladder" in the present housing market then you`re in cookoo land,

thats the sort of advice that sends many a family into negative equity these times,

believe me there will be plenty of repos and auctions to choose from in 2013, you`ll find value there

If you`re buying now take rateable/capital value less 20% as a guide

Good advice. I have just been doing a check on the "rateable/capital value less 20%". Not far off for most places as far as I can see .

Mistral001

In my view there is an elephant in the room as far as housing is concerned in NI. That is oversupply. There are just too many houses with too few people to fill them. That will be the situation for years and years to come in my view. There are empty houses and apartments all over the place. They might not be boarded up, but they are there. Who are going to buy these properties? The speculators will not buy them as prices are still going down. The young married couple seem to be the only ones who are in the market for buying houses at the minute. Also a few workers from the Eastern Europe are beginning to settle and buy houses, but they are relatively few.

Compare that with 6 years ago. Who were buying then? Two income households buying buy-to-lets. Even some siingle income households doing this as well. Young people with only reasonably well paid jobs on 95 to 100% mortgages. People taking early retirement at age 53 with lump sums to invest. Speculators from ROI. I cannot see where the buyers are going to come from.

warmhands.coldheart

Mistral001 wrote: »

In my view there is an elephant in the room as far as housing is concerned in NI. That is oversupply. There are just too many houses with too few people to fill them. That will be the situation for years and years to come in my view. There are empty houses and apartments all over the place.

I disagree..... there are enough people to fill them but all the Thritysomethings nowaday prefer to live with Mum & Dad and get waited on Hand & Foot... the lazy wee sh1ts !! :rotfl:

Mistral001

warmhands.coldheart wrote: »

I disagree..... there are enough people to fill them but all the Thritysomethings nowaday prefer to live with Mum & Dad and get waited on Hand & Foot... the lazy wee sh1ts !! :rotfl:

LOL

Well that is true. I had thought of that. But nothing parents can do about it as changing locks is hardly an option!