Debate House Prices


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The 2014 HAMISH MCTAVISH Predictions Thread

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    Yes but in another 18 years he will be mortgage free while you will still be paying rent hoping for that big crash.


    I will probably have bought cheaply for cash before then.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    I will probably have bought cheaply for cash before then.

    I very much doubt it even if prices did fall you will still be waiting for them to fall further.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    I very much doubt it even if prices did fall you will still be waiting for them to fall further.


    No, there are certain conditions where it would be pointless to avoid buying, but we are not there yet.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    No, there are certain conditions where it would be pointless to avoid buying, but we are not there yet.

    How much of a drop before you buy
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    How much of a drop before you buy


    There would have to be real value in the market, and people selling would have to be at the point where they realise that this is the price level they can hope to sell at.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    There would have to be real value in the market, and people selling would have to be at the point where they realise that this is the price level they can hope to sell at.

    What on earth does that mean?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    What on earth does that mean?


    It means the opposite of what has been happening for the last 13 years or so.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    It means the opposite of what has been happening for the last 13 years or so.

    No it's bullpoo
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    No it's bullpoo


    No, it is the return of people buying within their (actual) means, and sellers just sucking it up :money:
  • calicocat
    calicocat Posts: 5,698 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Chutzpah Haggler
    Crashy_Time wrote: »
    Hamish bought in 2007 though, he has a LOT of debt to get through :beer:

    But surely you don't know if / how much..he may have overpaid.

    I took a 15yr mortgage out...but it sure as heck won't be still in use then , I hope to have it paid before the fix runs out. Well..i will.
    Yep...still at it, working out how to retire early.:D....... Going to have to rethink that scenario as have been screwed over by the company. A work in progress.
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