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

wotsthat

gbsilp wrote: »

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)

Such is your confidence in seeing a 35% real terms fall anytime soon you bought a house?

gbsilp

wotsthat wrote: »

Such is your confidence in seeing a 35% real terms fall anytime soon you bought a house?

In addition to showing me where I have said anything about "buying back in after a 35% fall" as previously requested, please now also show me where have I said I am confident that we will see a "35% real terms fall anytime soon"?

Thanks.

System

This is 179 degrees of obtuse.

wotsthat

gbsilp wrote: »

In addition to showing me where I have said anything about "buying back in after a 35% fall" as previously requested, please now also show me where have I said I am confident that we will see a "35% real terms fall anytime soon"?

Thanks.

Yes, I was wrong, you simply filled the embarrassing silence of the HPC'ers refusing to give a buying in point by blurting about 35% off in real terms.

Why do I need to prove you said you had the utmost confidence in this happening anytime soon? You bought a house - clearly you have none.

You've realised using your house price prediction skills is too much of a gamble compared to the safe option of buying. You're on the side of reason.

Rota

No rate rises this year, also no 35% payrises.

http://www.telegraph.co.uk/finance/bank-of-england/11030408/No-interest-rate-rise-this-year-as-BoE-slashes-wage-growth-forecast.html

Nice takeaway...

"Sustained economic momentum is looking more assured", Mr Carney said on Wednesday. "The economy is returning to a semblance of normality."

When economies are returning to normal, house prices don't drop double digit percentage points.

gbsilp

wotsthat wrote: »

Yes, I was wrong, you simply filled the embarrassing silence of the HPC'ers refusing to give a buying in point by blurting about 35% off in real terms.

Why do I need to prove you said you had the utmost confidence in this happening anytime soon? You bought a house - clearly you have none.

You've realised using your house price prediction skills is too much of a gamble compared to the safe option of buying. You're on the side of reason.

Actually, you could argue that I am at least hedging my views as I am downsizing plus I have to rent for a bit as cannot link the sale and purchase. If things look like they are really going south I'll just pull out of my purchase and continue to rent for a bit again.

wotsthat

gbsilp wrote: »

Actually, you could argue that I am at least hedging my views as I am downsizing plus I have to rent for a bit as cannot link the sale and purchase. If things look like they are really going south I'll just pull out of my purchase and continue to rent for a bit again.

I assumed you were downsizing because you want a smaller place/ release equity rather than entering a house price gamble with a partial hedge against the upside?

I popped over to HPC earlier - the crash has been postponed until after the school holidays now. As long as you can get yours away before the kids go back you'll be laughing.

Rota

wotsthat wrote: »

I assumed you were downsizing because you want a smaller place/ release equity rather than entering a house price gamble with a partial hedge against the upside?

I popped over to HPC earlier - the crash has been postponed until after the school holidays now. As long as you can get yours away before the kids go back you'll be laughing.

Which years school holidays?

Blooloo

ukcarper wrote: »

This is what you said



"Unscrupulous BTL dont give a monkeys cuss of course...its all borrowed money after all"

Yes, I said that as well.

Blooloo

ukcarper wrote: »

I would be happy if prices hadn't increased like they have and although I'm not sure I would welcome a big crash I would be quite happy with stagnation and a small fall. If you can't afford to buy then that is unfortunate and I can understand why you want price falls what I don't understand is people who can afford to buy but gamble on a crash and their attempts to show that they are better off.

As I said upstream, it is stupid to ascertain buying is always the right path for every individual at all times.

It clearly isnt, and some people have no choice.

The issue with this thread is the rudeness shown to people who think there is sometimes a time to buy, sometimes a time to rent.

Money is not at the heart of most peoples thinking, but some of the greedy so and sos here see that profit is the goal for everyone, and woe betide people who talk of losses as a fact of life...which they are for some.

Windmillers stuck with a highly leveraged portfolio are going to get hit in any price drop...maybe not 1 or 2 %, but who knows where it could go...it might be that prices continue to rise, and the windmiller "stocks up" some more...making his "empire" all the more risky.

Good luck to you all.