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

Crashy_Time

Mummy100 wrote: »

A bargain to me is about 15% off current prices and more than that a home not an investment

In London that is just the fly on the froth on the main froth. If foreign investors start bailing out the drops will be swift and brutal. I wouldn`t want to be holding an I.O mortgage in London.

caronoel

Crashy_Time wrote: »

I wouldn`t want to be holding an I.O mortgage in London.

I wouldnt want to be 40 and living in a rented bedsit in London, like you.

But hey - each of us are different..

Some are risk takers and winners, and some come on here moaning about how high house prices are and are l........

System

caronoel wrote: »

I wouldnt want to be 40 and living in a rented bedsit in London, like you.

It's worse than that, he lives in Edinburgh.

Blooloo

chucknorris wrote: »

Oh yes he has, wow the pantomime season has started early this Xmas?

Its behind you?

whats that?

Price rises....behind you.

chucknorris

Blooloo wrote: »

Its behind you?

whats that?

Price rises....behind you.

Yes thanks, you are absolutely correct we have had some really nice price rises already on our portfolio. So we don't particularly need anymore as we also make a very decent rental profit per annum. But of course we'll take any additional increased equity over the next 10 years or so before we sell up. But its nice to know that you are out there cheering us on, thanks again.

Crashy_Time

chucknorris wrote: »

Yes thanks, you are absolutely correct we have had some really nice price rises already on our portfolio. So we don't particularly need anymore as we also make a very decent rental profit per annum. But of course we'll take any additional increased equity over the next 10 years or so before we sell up. But its nice to know that you are out there cheering us on, thanks again.

The big equity gains were the LAST ten years, it is not going to be the next ten. You need to sell up NOW.

chucknorris

Crashy_Time wrote: »

The big equity gains were the LAST ten years, it is not going to be the next ten. You need to sell up NOW.

Given your losing last two decades strategy and my winning last two decades strategy, I think I'll stick with my own judgement thanks.

KR200

chucknorris wrote: »

Given your losing last two decades strategy and my winning last two decades strategy, I think I'll stick with my own judgement thanks.

Hehe.

When Crashy gets to retirement age where is Crashy going to live?

The hilarity is that house prices went up 20% and if they fall back 5-10 you're still in front.

Much to the chagrin of HPC I have a 2nd rental home. It's double since 2000.

Crashy lost the day he started renting. Dead money.

Crashy_Time

KR200 wrote: »

Hehe.

When Crashy gets to retirement age where is Crashy going to live?

The hilarity is that house prices went up 20% and if they fall back 5-10 you're still in front.

Much to the chagrin of HPC I have a 2nd rental home. It's double since 2000.

Crashy lost the day he started renting. Dead money.

Are you really stupid enough to think that house prices are only going to fall back 5 or 10 %?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Are you really stupid enough to think that house prices are only going to fall back 5 or 10 %?

Are you really stupid enough to think that you can predict the future? (previous posts suggest you are) :beer: