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

Thrugelmir

lisyloo wrote: »

Can we agree that there are indications that the market may be on the turn right now? The jurys out but the body of evidence is getting bigger?

The 7% interest rate affordability threshold is no doubt having an effect.

Crashy_Time

chucknorris wrote: »

This is a forum, responding to posts is normal, I doubt that he is on this forum all day, like me, he probably just checks threads for a few mins at various times of the day.


You omitted to answer my question about why you thought that he may be annoyed? I suspect that you imagine that owners are continually monitoring house prices, I don't think that they do. I casually check about once a year, earlier this year I was surprised that our property value had surged, nice to see, but it wasn't critical, it might be in about 6-12 years when we may think about selling. I'm more focused on share prices because I have recently moved from cash to shares and intend to continue that process.

He is annoyed because I bumped the thread, in readiness for more downward price action and the very next day some house price drops rolled in :T Why else would he be annoyed?
:rotfl:

Crashy_Time

Ok, seriously this time, Bye for now chaps, being attacked by the over borrowed gets boring after a while (well after a few minutes actually:rotfl:)

chucknorris

Crashy_Time wrote: »

Ok, seriously this time, Bye for now chaps, being attacked by the over borrowed gets boring after a while (well after a few minutes actually:rotfl:)

Over borrowed, attacked? Is 12% (of portfolio value) over borrowed? Is a simple non aggressive response to your post somehow attacking you?

wotsthat

Crashy_Time wrote: »

:rotfl: Did todays drop in house prices annoy you wotsthat?

Not a bit. If prices fall I'll be able to buy a bigger house when I retire.

If you think I'd be annoyed by a 0.2% MoM fall in the Nationwide index I can only imagine how you must feel at the 168% increase on the same index since 1997.

chucknorris

Crashy_Time wrote: »

He is annoyed because I bumped the thread, in readiness for more downward price action and the very next day some house price drops rolled in :T Why else would he be annoyed?
:rotfl:

Have you considered that he might not actually be annoyed?

System

wotsthat wrote: »

Not a bit. If prices fall I'll be able to buy a bigger house when I retire.

If you think I'd be annoyed by a 0.2% MoM fall in the Nationwide index I can only imagine how you must feel at the 168% increase on the same index since 1997.

He must be 840 times more annoyed, explains a lot.

wotsthat

Crashy_Time wrote: »

He is annoyed because I bumped the thread, in readiness for more downward price action and the very next day some house price drops rolled in :T Why else would he be annoyed?
:rotfl:

Look, if it helps I'll pretend you really do have savings, live in a champagne house for lemonade money, not buying in 1997 was the best financial decision you ever made and this time it's on.

Jack_Johnson_the_acorn

wotsthat wrote: »

Look, if it helps I'll pretend you really do have savings, live in a champagne house for lemonade money, not buying in 1997 was the best financial decision you ever made and this time it's on.

I feel embarrassed for him, I liken crashy to an evolution denier/young earth creationist. Brazen in the face of all the evidence... Yet still claims to be right as he's too invested emotionally & financially.

mayonnaise

chucknorris wrote: »

Is a simple non aggressive response to your post somehow attacking you?

Be nice...Crashy is used to HPC where counterarguments are banned. It must seem very threatening to him visiting a forum where a healthy bullish view of the housing market is tolerated. He'll get used to it.