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

Crashy_Time

wotsthat wrote: »

Yes and I own my home too. It's been explained and if you don't get it that's fine but little point going round in circles.



Another HPC phrase that sounds clever when the groupthink is strong but silly in the real world.

Not as silly as many people now feel actually trying to cash them in :rotfl:

ukcarper

Crashy_Time wrote: »

Well the relevance is that you can`t stop boasting about your HPI "gains" (which you are unlikely to see now anyway)


"It was very nice of the bank to give me my £300k house when I paid of the £45k I borrowed from them. "


So where is this 300k house that rents for 1400 p.m then? At the peak of the bubble I rented a 700k+ house in the same street as Fred the Shred for 1000 p.m (shared house), so I am finding some of your claims to be frankly a bit silly.

In the real world not cloud cuckoo land where you live.

I've never boasted about HPI gains might downsize later on a get a little bit of it but to be quite honest I like the area and my neighbours I have not desire to.

chucknorris

Crashy_Time wrote: »

So where is this 300k house that rents for 1400 p.m then? At the peak of the bubble I rented a 700k+ house in the same street as Fred the Shred for 1000 p.m (shared house), so I am finding some of your claims to be frankly a bit silly.

That is only an initial yield of 5.6%, whilst I consider it reasonably good and not likely currently achievable in London (due to the recent surge in prices lowering yields), it certainly does not look a bit silly.

wotsthat

Crashy_Time wrote: »

Not as silly as many people now feel actually trying to cash them in :rotfl:

Most people will be brown bread before they truly cash in.

Blooloo

wotsthat wrote: »

It could appear like that but, as above, I think it would appear on a balance sheet though and so...balance.

Balance sheets always balance.

but there is no balance sheet that covers the two entities. they each have their own, which of course balance.

Crashy_Time

wotsthat wrote: »

Most people will be brown bread before they truly cash in.

Not so sure about that, the rush for the exits may have started, at least in London. Many will be brown bread before they accept their house is worth a fraction of what they thought, but the smart ones will Sell now or Die Tryin` :money:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Not so sure about that, the rush for the exits may have started, at least in London. Many will be brown bread before they accept their house is worth a fraction of what they thought, but the smart ones will Sell now or Die Tryin` :money:

What about the ones living rent & mortgage free? should they sell up and move into a HMO/hostel? :rotfl:

Bubble_and_Squeak

the fly in the ointment for bulls at the moment is the decline in first time buyers. without people buying an over priced "starter home" its current owners can't upgrade to the next overpriced rung.

MobileSaver

Crashy_Time wrote: »

the smart ones will Sell now or Die Tryin`

The "smart ones" are quids in compared to someone who has been renting for the last 16 years.

But let's humour you... where should these people who "sell now or die tryin" live once they sell? I suppose there are plenty of cheap empty HMOs in your street that they could move in to but somehow I don't think that would appeal to them.

Bubble_and_Squeak wrote: »

the fly in the ointment for bulls at the moment is the decline in first time buyers.

How long has the first time buyer decline being happening for? I'm pretty sure that first time buyers are up about 300% since the worst of the global credit crunch. Surely you wouldn't be taking one solitary month's figures and extrapolating doom and gloom based on that? Only the most desperate HPCer would stoop to such levels. :rotfl:

Bubble_and_Squeak

MobileSaver wrote: »

The "smart ones" are quids in compared to someone who has been renting for the last 16 years.

But let's humour you... where should these people who "sell now or die tryin" live once they sell? I suppose there are plenty of cheap empty HMOs in your street that they could move in to but somehow I don't think that would appeal to them.



How long has the first time buyer decline being happening for? I'm pretty sure that first time buyers are up about 300% since the worst of the global credit crunch. Surely you wouldn't be taking one solitary month's figures and extrapolating doom and gloom based on that? Only the most desperate HPCer would stoop to such levels. :rotfl:

the old compare today with the worst bit of the worst post war financial crisis trick