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

chucknorris

Bubble_and_Squeak wrote: »

how are the shares going?
i'm down about 2% over the last 2 weeks or so.
with EU (our biggest trading partner) deflation and the end of US QE UK equities look a touch overvalued

Lifetime I'm up about £50k, but that includes about a £25k dip from the recent downturn. I think that they look on the cheap side with a historically lowish P/E ratio.

Bubble_and_Squeak

chucknorris wrote: »

Lifetime I'm up about £50k, but that includes about a £25k dip from the recent downturn. I think that they look on the cheap side with a historically lowish P/E ratio.

you've done an ian

chucknorris

Bubble_and_Squeak wrote: »

you've done an ian

What's an ian? why can't you just be clear what you mean?

Bubble_and_Squeak

chucknorris wrote: »

What's an ian? why can't you just be clear what you mean?

its a song
doing well- like ian

caronoel

Bubble_and_Squeak wrote: »

its a song
doing well- like ian

Prize for the most obscure reference and incoherent post of the year so far!

Bubble_and_Squeak

caronoel wrote: »

Prize for the most obscure reference and incoherent post of the year so far!

thanks!
FTSEs tanking again, btw
another buying opportunity?

Crashy_Time

MobileSaver wrote: »

There are very few people in the UK who are genuinely in "poverty" as most of us would understand the word and I would hazard that many who are are there due to making bad decisions in the past.

My issue is with the HPCers who could buy but choose to rent for flawed idealogical reasons and then spend their life complaining "woe is me".

No, no, you have it back to front, I am saying woe is THEM (who believed in never ending HPI) I am laughing at the unwinding of the biggest confidence trick in history, it is great comedy hearing all the nonsense that you guys post on here supporting "home owning" Lets see how many people are truly happy with their "buying" decisions as things develop shall we?

Crashy_Time

chucknorris wrote: »

I'm not particularly interested in something that guarantees a loss.

Property always goes up, right?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Property always goes up, right?

Nobody is saying this but you.... What we can say with certainty is renting forever will mean you never own your property.:)

chucknorris

Crashy_Time wrote: »

Property always goes up, right?

Over the long run yes it has and will most likely to continue to do so! Of course it doesn't always go up in the short run, and it is idiotic for you to suggest that it does. As far as I can see no one has ever proposed that it does this. You only have to look at the 70's and the late 80's/early 90's corrections to realise this.

When I first invested in property in 1991 my long term plan was to sell up when I got to about 60 (so hold for over 25 years), thinking that I would be financially independent and 60 was old(ish). I am now 56 and I am financially independent, but what has changed is my perception of 'old'. There is no way that I will sell up in just a few years, I've looked into it and staying in property is far better than selling up and investing in the alternatives. So I reckon I will hold for at least a further 10 years (until I am 65-70(ish), depending on my health and the market, obviously I want to sell when they are still increasing when the market is good.