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

Blooloo

ukcarper wrote: »

If they can afford payments and do not want to move to often yes it can work for the majority of people.

so its not a no brainer...its something to be weighed, considered, balanced against what one aims to do in life, your career choice, any other myriad things that means its not a no brainer.

wotsthat

ukcarper wrote: »

Interesting article

http://www.cml.org.uk/cml/media/press/3890

I always thought the ticking timebomb stuff was overplayed but it does appear that lenders and borrowers are taking real steps to work through it.

Blooloo

chucknorris wrote: »

Didn't he STR? We have 9 properties, 8 of them in London. The only reason that I wouldn't buy another is that there is little upside for me, I will be turning 58 when I retire (in about 18 months) and I really can't see us spending all the money before I die. So I don't see the point in taking on more risk, not to mention work for something that may not even benefit me and adds to my workload.


We have been down there in the winter and it was just as we anticipated (average high teens, occasionally in the low 20's) that is perfect for me to run, cycle, walk my dog and play bowls.

AFAIK he sold his business and travels the med in the warmer months..then again, I dont KNOW what he is doing, how he did it or whether he is real at all.

ukcarper

Blooloo wrote: »

so its not a no brainer...its something to be weighed, considered, balanced against what one aims to do in life, your career choice, any other myriad things that means its not a no brainer.

If you read my post I said it would not suite anybody who wanted to move on a regular basis. I am talking financially if you do not want to buy and prefer to rent that's up to the individual but expect to pay more for your housing costs in the long term.

wotsthat

chucknorris wrote: »

We have been down there in the winter and it was just as we anticipated (average high teens, occasionally in the low 20's) that is perfect for me to run, cycle, walk my dog and play bowls. It does get chilly at night, but that doesn't really matter, what I want is to be outdoors midday.

I've worked in a factory in the Algarve. They do get regular frosts (and I saw snow) but the big advantage is the amount of sunshine - you can regularly sit outside and eat lunch even in January.

For exercising most of the year is perfect. It's actually July and August when it's less than perfect - I used to run early mornings to avoid the heat but for bowls and walking dogs it's fine as long as you don't burn.

It's on our list of potential retirement/ semi-retirement locations too.

Blooloo

ukcarper wrote: »

If you read my post I said it would not suite anybody who wanted to move on a regular basis. I am talking financially if you do not want to buy and prefer to rent that's up to the individual but expect to pay more for your housing costs in the long term.

so we agree, its not a "no brainer." About flippin time.

wotsthat

Blooloo wrote: »

so we agree, its not a "no brainer." About flippin time.

You've taken a while but at least your strawman is now complete.

Jack_Johnson_the_acorn

wotsthat wrote: »

You've taken a while but at least your strawman is now complete.

Hahaha he's done well winning an argument that involves only him.:rotfl:

Rota

Jack_Johnson_the_acorn wrote: »

Hahaha he's done well winning an argument that involves only him.:rotfl:

Shadow boxer. :rotfl:

ukcarper

Blooloo wrote: »

so we agree, its not a "no brainer." About flippin time.

This discussion has been about finance and long term buying and not sure what you are arguing about because nobody has said it a good idea for the short term.