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

padington

mystic_trev wrote: »

I had accumulated five properties, debt free, all by the age of 42, when I retired 18 years ago. Not bad for a bloke who left school with a couple of O levels! Feels even nicer.:D

How the f*ck did you do that ? Tell us the story !

AndyGuil

AndyGuil wrote: »

Month on month figures;
January +1.0% http://www.landregistry.gov.uk/media...a-january-2014
February +0.7% http://www.landregistry.gov.uk/media...-february-2014
March -0.4% http://www.landregistry.gov.uk/media...ata-march-2014
April +1.5% http://www.landregistry.gov.uk/media...ata-april-2014
May +0.4% http://www.landregistry.gov.uk/media...-data-may-2014

Just out today.


London up 0.1% this MoM and 16.4% YoY. UK overall 0.0% MoM and 6.4% YoY. Very much within normal historical range of price changes in June in London and UK.

http://www.landregistry.gov.uk/media/all-releases/press-releases/2014/market-trend-data-june-2014

mystic_trev

padington wrote: »

How the f*ck did you do that ? Tell us the story !

Hard work, and a little bit of luck. Having bought shares in the MBO of the Company I worked for helped….a lot!

Crashy_Time

chucknorris wrote: »

Not all debt is bad (I think that you have blinkers on), I definitely live WELL within my means, although I have £600k of mortgage and would be affected by a property crash, I would still be OK, so I too feel nice about my position.

So you have 600k of debt, the property crash will affect you, but you still feel OK?...OK.

Crashy_Time

padington wrote: »

So Crashy how much do you think the market will have crashed by Christmas ? Could you estimate the money where your mouth is ?

I don`t do predictions, but the market is at a critical point, all the daft money is in, it is just a case now of who makes it to the exit.

ukcarper

Crashy_Time wrote: »

So you have 600k of debt, the property crash will affect you, but you still feel OK?...OK.

This post shows how little you understand.

Crashy_Time

ukcarper wrote: »

This post shows how little you understand.

Property always goes up, right?

Crashy_Time

wotsthat wrote: »

Too embarrassing to answer I suppose.

If you sold up, as you said, and moved into a tiny flat then you've got plenty of skin in the game. Every day that passes you need the crash to be bigger than the day before.

You mustn't forget that, according to HPC, the Ponzi has been on the verge of collapse for over a decade. Anyone who, like you, thought they didn't have any skin in the game has lost and they've lost big.

If you want to get tips on winning it's best not to take tips from losers.

The only losers will be those who made retirement and other plans based on how much they expected their property to be "worth". Those who MEW`ed will be doubly embarrassed

mayonnaise

Percy1983 wrote: »

I do believe anybody waiting for a crash will be waiting a while, the crash has been and gone.

That's right Percy.

wotsthat

Crashy_Time wrote: »

The only losers will be those who made retirement and other plans based on how much they expected their property to be "worth". Those who MEW`ed will be doubly embarrassed

It's nice you're so concerned about others but why don't you tell us something of your situation?