Any other home buyers in NI?

GlynD

tommie wrote: »

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...

Away and catch yourself on would ye. And if you still think I live in the Home Counties after that you need your head looked at. :cool:

saverbuyer

GlynD wrote: »

Away and catch yourself on would ye. And if you still think I live in the Home Counties after that you need your head looked at. :cool:

He didn't say he thought you lived in the Home Counties. He said

Also keep in mind we are not in the Home Counties, this is N.I.

You need to read the comments, facts and figures presented to you and not regurgitate the typical GB mantra of "buy buy buy, prices only go up". Posters have provided evidence, you have responded with propaganda about a market you evidently know very little about.

GlynD

tara747 wrote: »

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:

I haven't said the market won't still fall but with it rallying there is a foundation for a recovery. Simple as that.

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.

My house isn't worth less than I paid for it as another has just sold five doors away for the same money. As I said; I negotiated well.

Opinions are like @rseholes - everybody has one. Mine is no better than yours and vice-versa.

GlynD

saverbuyer wrote: »

He didn't say he thought you lived in the Home Counties. He said


You need to read the comments, facts and figures presented to you and not regurgitate the typical GB mantra of "buy buy buy, prices only go up". Posters have provided evidence, you have responded with propaganda about a market you evidently know very little about.

I'm not about to go through all of this again with you. PArticularly not when you make comments such as the one I've highlighted. I prefer my discussions to be collegiate and polite.

tara747

GlynD wrote: »

I haven't said the market won't still fall but with it rallying there is a foundation for a recovery. Simple as that.

My house isn't worth less than I paid for it as another has just sold five doors away for the same money. As I said; I negotiated well.

Opinions are like @rseholes - everybody has one. Mine is no better than yours and vice-versa.

Good negotiating, in that case.

But what on earth makes you think that the market is rallying?? :huh: Q3 is traditionally a busy period for house sales, but Q3 2012 saw further falling prices in NI, and there are more to come imho. I'd say that the Q4 2012 stats will be worse again.

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:

Nah. There's a massive oversupply. It was being soaked up by the BTLers from here, ROI and even a few from 'the mainland'; but they all dried up when they realised that supply was exceeding demand by a considerable margin.

GlynD

tara747 wrote: »

Good negotiating, in that case.

But what on earth makes you think that the market is rallying?? :huh: Q3 is traditionally a busy period for house sales, but Q3 2012 saw further falling prices in NI, and there are more to come imho. I'd say that the Q4 2012 stats will be worse again.

The socio-economic conditions which are helping the English market are eventually filtering through to here. Increased lending after the famine following the crash is one factor boosted by government demands for mortages to be made available.

Above all I believe from what I see and read that demand is increasing - which inevitably it's bound to do. People here are just as canny as those elsewhere however and they're not going to pay 2005 prices for what's on the market now so there has been a slow realisation from vendors that offers from buyers will be on the low side.

In particular I note that several ghost estates which I see on my travels have come alive again.

I'm not naive enough to believe there will be full recovery within the next five years but I believe the market is panning out and there will be some increase in equity within five years. Unfortunately for those who bought at the peak of the market I doubt they'll see their equity rising to that peak again within 10 years.

I do see this as an ideal time to buy for any buyer as the loan versus salary ratio is such that, even with a small drop over the next couple of years, it enables people to get on the market when it's still depressed. If they buy at the right price.

saverbuyer

:wall:

GlynD wrote: »

The socio-economic conditions which are helping the English market are eventually filtering through to here. Increased lending after the famine following the crash is one factor boosted by government demands for mortages to be made available.

Above all I believe from what I see and read that demand is increasing - which inevitably it's bound to do. People here are just as canny as those elsewhere however and they're not going to pay 2005 prices for what's on the market now so there has been a slow realisation from vendors that offers from buyers will be on the low side.

In particular I note that several ghost estates which I see on my travels have come alive again.

I'm not naive enough to believe there will be full recovery within the next five years but I believe the market is panning out and there will be some increase in equity within five years. Unfortunately for those who bought at the peak of the market I doubt they'll see their equity rising to that peak again within 10 years.

I do see this as an ideal time to buy for any buyer as the loan versus salary ratio is such that, even with a small drop over the next couple of years, it enables people to get on the market when it's still depressed. If they buy at the right price.

:wall:
Do you even know the salary to price ratio is for N.I. ? That University report you loved in your previous posts shows an average price of £137,000

For 2011 it is £19,000 (average salary).

That makes the ratio 7.2 :eek:

Do you think that is healthy?

Seriously stop reading Estate Agent Weekly and LSD Monthly and read a few facts published in this thread.

A professor from one of the local Unis recently said it will take us 25 years to get back to the levels of 2007. Try reading that.

GlynD

saverbuyer wrote: »

:wall:


:wall:
Do you even know the salary to price ratio is for N.I. ? That University report you loved in your previous posts shows an average price of £137,000

For 2011 it is £19,000 (average salary).

That makes the ration 7.2 :eek:

Do you think that is healthy?

Seriously stop reading Estate Agent Weekly and LSD Monthly and read a few facts published in this thread.

A professor from one of the local Unis recently said it will take us 25 years to get back to the levels of 2007. Try reading that.

You're getting like a little housefly now - just buzzing round my head all the time. Have you nothing better to do than spout speculative rubbish to me?

saverbuyer

GlynD wrote: »

You're getting like a little housefly now - just buzzing round my head all the time. Have you nothing better to do than spout speculative rubbish to me?

I'm worried someone will come on the forum and think that the stuff you write is backed up in any way with actual facts and figures.

I'm worried that a naive first time buyer might glance at your last post and might inadvertently think you are talking sense instead of quoting from an estate agent website.

That you might cause pain to someone who may have been lucky to avoid the same crap from 2000– 2007.

GlynD

saverbuyer wrote: »

I'm worried someone will come on the forum and think that the stuff you write is backed up in any way with actual facts and figures.

I'm worried that a naive first time buyer might glance at your last post and might inadvertently think you are talking sense instead of quoting from an estate agent website.

That you might cause pain to someone who may have been lucky to avoid the same crap from 2000– 2007.

I'll be sure to recommend you for a BEM then for services to first time buyers. Now do me a favour - pack it in.