'We've reached a tipping point' Signs of house price weakness

saguk1234

I have only started looking to buy for about year and then stopped due to ridiculous prices.

wotsthat

gbsilp wrote: »

Which bit of "passed it up the chain" do you not understand? You need to lose your mental caricature of me as a 40 year old who lives in my parents' box room.....

Perhaps you've just been less than clear?

It would sort of imply you were making things up about buying back in if there was a 35% fall and you've bought a another house instead.

gbsilp wrote: »

As you will see elsewhere on the forum...

Under what username?

wotsthat

saguk1234 wrote: »

I have only started looking to buy for about year and then stopped due to ridiculous prices.

If there's a sharp correction (and buy) you'll be one of the few HPCers to end up in a positive cash flow situation.

What sort of crash are you looking for?

saguk1234

As stated previously I want the prices to drop to last years prices.

wotsthat

saguk1234 wrote: »

As stated previously I want the prices to drop to last years prices.

Are you the Riddler? Would you buy at last year's prices?

It's just that 12 months ago you thought prices were ridiculous.

gbsilp

wotsthat wrote: »

Perhaps you've just been less than clear?

It would sort of imply you were making things up about buying back in if there was a 35% fall and you've bought a another house instead.



Under what username?

Perhaps you've been quick to judge....

Please show me where I have ever said anything about "buying back in if there was a 35% fall"?

I only have one username. It's the "homeowners start to panic thread". (Difficult to post link as on mobile phone as bt Internet is down round my way)

Rota

saguk1234 wrote: »

As stated previously I want the prices to drop to last years prices.

Judging by the news coming out, you would be taking a big risk waiting for those sorts of drops. You have to look at the past for an indication of the future. As others have pointed out we had an utterly batshirt mental mortgage market with over a decade of a worldwide credit orgy to get a 20% drop where you want to buy.

What driver do you see for something similar happening?

saguk1234

I meant 2012. I will wait. I have more "equity" in my bank account than most of you have in your homes. Maybe even put together!

Rota

saguk1234 wrote: »

I meant 2012. I will wait. I have more "equity" in my bank account than most of you have in your homes. Maybe even put together!

I doubt it.

gbsilp

Rota wrote: »

He doesn't read the article. You just read the headline and start posting. :rotfl:

Anyone found the actual report? I've looked but can't find it.