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

Crashy_Time

wotsthat wrote: »

You linked to them - not me remember.

Happy to play Rightmove Bingo with houses. I've a horrible feeling you could have a nice house for not much more than you've paid in rent on flats, HMO's and houseshares.

If you want to make it about peak then here's a suggestion. Abandon this username and get a new one then come back and pretend you bought in 1997, STRed in early 2007 and bought back in in early 2008?

How about we just make it about how much Edinburgh peak buyers are losing and are going to lose, and how much pain London I.O brigade is going to be in as it all unravels? Let`s face it peak is peak, that is what the loose credit bought for the HPI lovers, and that loose policy is what the HPC website stands against? The only battle ground really is Peak Madness V Reality Dawning? (good future computer game that, when they look back and Go "They paid how much!" You could have a bloated HPI heavy Hamish trying to defend the HPI cave with all you guys cowering in it against Venger, Dances with Sheeple, Bruce Banner etc. as they come in with light weapons from their rental pods and attack the dying dynasty of unsustainable prices?

Crashy_Time

Jack_Johnson_the_acorn wrote: »

from the BBC

The cost of renting a home has risen by 2% in the last year, with increases seen across nearly every region of the UK, a survey has suggested.
The average cost of renting a home stood at £753 a month....... Ouch. What a generous LL you've had crashy.... Or what dumps you've lived in???

Well when Fred the Shred`s bank was shafting all you HPI lovers for bonus I lived along the street from the man himself (I know, you can`t choose your neighbours) and paid 333 p.m for an en suite room, and garden at least three times the size of your house, and the most I ever paid in rent is 450 p.m, for decent flats, so I don`t know where the bbc gets it`s figures. It is probably a survey of what landlords with empty property would LIKE to get for their gaff :rotfl:

Crashy_Time

wotsthat wrote: »

I've got it. Rather than use real numbers, logic and maths you want to rely on assertion and hope it's taken as fact. You are talking rubbish.

Like I said you won't be around when they sell. You might feel your ears burning though

Yes, I get it, your precious HPI is under attack, and this time the media is piling in, not just the "loons" over at HPC :rotfl: Can`t feel good knowing everything you "worked" for is going to evaporate overnight? The only thing burning will be the asses of those stupid enough to buy at peak :T

AndyGuil

Crashy_Time wrote: »

Yes, I get it, your precious HPI is under attack, and this time the media is piling in, not just the "loons" over at HPC :rotfl: Can`t feel good knowing everything you "worked" for is going to evaporate overnight? The only thing burning will be the asses of those stupid enough to buy at peak :T

In 1 year time prices will be higher. In 3 years time they will be. In fact in 5 years time they will be too.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Well when Fred the Shred`s bank was shafting all you HPI lovers for bonus I lived along the street from the man himself (I know, you can`t choose your neighbours) and paid 333 p.m for an en suite room, and garden at least three times the size of your house, and the most I ever paid in rent is 450 p.m, for decent flats, so I don`t know where the bbc gets it`s figures. It is probably a survey of what landlords with empty property would LIKE to get for their gaff :rotfl:

How long you gonna stick around for crashy.....

wotsthat

Crashy_Time wrote: »

Yes, I get it, your precious HPI is under attack, and this time the media is piling in, not just the "loons" over at HPC :rotfl: Can`t feel good knowing everything you "worked" for is going to evaporate overnight? The only thing burning will be the asses of those stupid enough to buy at peak :T

You don't get it. You've been humiliated, your arguments have been trashed, you've posted link after link and they've all shown the polar opposite of your assertions, even the HPC crew must be looking away with embarrassment.

Never mind, prices might fall you and you'll feel better under the mistaken belief that prices going up, down or sideways affect my day to day life in any way whatsoever.

Crashy_Time

wotsthat wrote: »

You don't get it. You've been humiliated, your arguments have been trashed, you've posted link after link and they've all shown the polar opposite of your assertions, even the HPC crew must be looking away with embarrassment.

Never mind, prices might fall you and you'll feel better under the mistaken belief that prices going up, down or sideways affect my day to day life in any way whatsoever.

From what I can gather from your posts, prices going down and staying down is going to affect you quite badly.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

But I don`t want to be tied to a house in Stenhouse that is heading back to 40k, what is it that you don`t get? Most of the shared houses we hired cleaners, no one cleaned toilets.

Buy a better house then.... Why do you kep focusing on sh#tholes in stenhouse. You've got all those savings remember, you must be able to afford better.

wotsthat

Crashy_Time wrote: »

From what I can gather from your posts, prices going down and staying down is going to affect you quite badly.

You're kidding? If I can pick up a nice 5 bed in Cornwall with a sea view and some land for £150k I'll be giggling like a drunk schoolgirl - it would guarantee an early retirement at 55 at the latest. I'll have spent a working lifetime paying less on a mortgage than rent and saving like mad. I might buy my 3 children a house each and set them up too

If the price of my house and holiday home falls as a result I'll take that

The real plan is to sell both places and, as they'll be mortgage free, just use the funds to buy whatever that buys at the time. I've effectively purchased my next house with a blend of late 90's and early 10's prices.

My life will be affected by prices but, as I've said all along, I don't have a crystal ball so I'll react accordingly. Prices crash - I'll buy a manor house in Cornwall. Prices skyrocket - I'll buy a farm in the Algarve.

The reality is I'll probably have to make do with something like this instead and mutter about how expensive it is...

http://www.rightmove.co.uk/property-for-sale/property-47529602.html

chucknorris

wotsthat wrote: »

You're kidding? If I can pick up a nice 5 bed in Cornwall with a sea view and some land for £150k I'll be giggling like a drunk schoolgirl - it would guarantee an early retirement at 55 at the latest. I'll have spent a working lifetime paying less on a mortgage than rent and saving like mad. I might buy my 3 children a house each and set them up too

If the price of my house and holiday home falls as a result I'll take that

The real plan is to sell both places and, as they'll be mortgage free, just use the funds to buy whatever that buys at the time. I've effectively purchased my next house with a blend of late 90's and early 10's prices.

My life will be affected by prices but, as I've said all along, I don't have a crystal ball so I'll react accordingly. Prices crash - I'll buy a manor house in Cornwall. Prices skyrocket - I'll buy a farm in the Algarve.

The reality is I'll probably have to make do with something like this instead and mutter about how expensive it is...

http://www.rightmove.co.uk/property-for-sale/property-47529602.html

You could have the best of both worlds if prices crashed, buying your retirement home cheaply but waiting to dispose of your current properties when the market recovers (I know of course that you already know this, but I expect crashy will not). But I really don't anticipate prices crashing, I think they will rise outside of London and stagnate in London for a while (before creeping up again).