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

shortchanged_2

padington wrote: »

Let's see this 12 month quote then, a fun job for a Wednesday
night. X

https://forums.moneysavingexpert.com/discussion/4806768

I refer you to post 9 yur honour, ma lord.


(Apologies as I don't know how to copy old posts)

padington

shortchanged wrote: »

https://forums.moneysavingexpert.com/discussion/4806768

I refer you to post 9 yur honour, ma lord.


(Apologies as I don't know how to copy old posts)

F*ck me you're right. I've had the best fricking year of my life, it's possible foxtons were actually on the money with their 400k quote. 25% in a year on top that 400k for putting my money where my mouth was. Sweet.

Cross rail 2.
24 hr tube
Wood green regen
Ally pally regen
Ally pally overground going to Morgate pulling in the city boys
Muswell hill overspill
New secondary school

It was a bloody good call. The result of local knowledge which to be fair I did share with all you lot just a few winters ago.

Jason74

padington wrote: »

I'm very content with life but I work hard to ensure others are too and really it's only that kind of stuff that feeds the soul.

When you buy and sell property it's expensive, you need to see it as a five year plan. Every single serious piece of research done looking at London property that I know of, including a really important one by parliament and the most extensive piece of research ever done apparently which was by rightmove very recently said things are looking very good if you're are going to buy. No one can predict the future but when you consider five years rent and five years most possible gains, it's a no brainer. There are people who want to spook or fool the market for there own gains, up or down, watch out for them.

It's a really big decision, people are coming on here for advice for their biggest life changing decision. Consider the research, consider the rent, consider the timing and consider the repetition & lack of real knowledge by certain people.

I've lost serious money (10k) following the wrong advice on these boards, I learnt the hard way. Just don't make my mistake.

I certainly wouldn't touch anything over a million given the labour mansion tax plans just yet but small cheap properties in London or very well placed elsewhere will probably be not just a great investment in five years but a place you can finally call home (and save a ton on rent).

Another piece of very sensible advice. I actually disagree with you quite stropngly on the likely short term direction of the Londpn market (albeit that could just be because we're genuinely seeing very different things in our own local area), because I think that short term (long term, its hard to see anything other than ever more expensive housing sadly), the downside risks are much greater and the potential for upside much lower than you suggest.

But it's hard to argue against the idea that someone who buys a home now because they want to live there is going to be better off both financially and emotionally a few years down the line than someone who tries to time the market. Buying something you don't really want just to be on the ladder is another matter imho, but its hard to see how anyone will lose long term by buying a home that they want to live in and can afford. The HPC crowd however, (esecially those who have sold to rent, !!!!!! is that all about ???) show how you can lose big long term by not doing that.

shortchanged_2

padington wrote: »

F*ck me you're right. I've had the best fricking year of my life.

I think you need a little timeout paddy. Your stress levels certainly seem a bit high at the moment.

I'm not sure if all this house price business is getting on top of you, just try not to worry too much about it.

Either that or stay off the white stuff.

wotsthat

shortchanged wrote: »

https://forums.moneysavingexpert.com/discussion/4806768

I refer you to post 9 yur honour, ma lord.


(Apologies as I don't know how to copy old posts)

Post 10 didn't look like the best advice with the benefit of hindsight.

shortchanged_2

wotsthat wrote: »

Post 10 didn't look like the best advice with the benefit of hindsight.

Depends really on how much reality there is in the whole story.

padington

shortchanged wrote: »

Depends really on how much reality there is in the whole story.

A little paranoid today perhaps ?

Bubble_and_Squeak

wotsthat wrote: »

Post 10 didn't look like the best advice with the benefit of hindsight.

i notice re-wired wasn't around at that time to "thanks" every bear post
also, i notice that re-wired hasn't "thanks"ed it retrospectively

padington

Jason74 wrote: »

Another piece of very sensible advice. I actually disagree with you quite stropngly on the likely short term direction of the Londpn market (albeit that could just be because we're genuinely seeing very different things in our own local area), because I think that short term (long term, its hard to see anything other than ever more expensive housing sadly), the downside risks are much greater and the potential for upside much lower than you suggest.

But it's hard to argue against the idea that someone who buys a home now because they want to live there is going to be better off both financially and emotionally a few years down the line than someone who tries to time the market. Buying something you don't really want just to be on the ladder is another matter imho, but its hard to see how anyone will lose long term by buying a home that they want to live in and can afford. The HPC crowd however, (esecially those who have sold to rent, !!!!!! is that all about ???) show how you can lose big long term by not doing that.

Thanks, All I'm saying in a nutshell is that people who buy a small place in a well positioned area in London or somewhere very very well positioned elsewhere in the UK will probably be financially very glad they did in five years time.

As to if the place is big enough etc obviously that's a personal decision.

shortchanged_2

padington wrote: »

A little paranoid today perhaps ?

I could have said the same thing but I didn't want to affect your mental state any more than it already is.