London Has Peaked

Bubble_and_Squeak

officeuk wrote: »

Bargin! I would have offered £120k last year.

indeed, it was probably £1,000 in 1963!

wotsthat

Bubble_and_Squeak wrote: »

indeed, it was probably £1,000 in 1963!

You weren't looking for a house in E15 in 1963. However just 12 short months and £60k ago you were.

Bubble_and_Squeak

wotsthat wrote: »

You weren't looking for a house in E15 in 1963. However just 12 short months and £60k ago you were.

actually, was looking in tottenham at that time
circumstances has since changed

wotsthat

Bubble_and_Squeak wrote: »

actually, was looking in tottenham at that time
circumstances has since changed

Yes your circumstances have changed - you now need to find an extra £60k.

caronoel

MobileSaver wrote: »

A tiny number of people like Brit1234, BubbleAndSqueak and the HPC crowd will claim to be on strike but the reality is (as Joeskeppi pointed out) that they simply can't afford what they want and aren't about to admit that they made the wrong decision.

What worries me most in the market is that brit1234 has gone very very quiet.

I am concerned that he may finally have bought something.

If so we are all doooooomed!

Bubble_and_Squeak

wotsthat wrote: »

Yes your circumstances have changed - you now need to find an extra £60k.

in april the bulls on this site would probably had said you need an extra £80k so buy now because you'll need an extra £100k by october

wotsthat

Bubble_and_Squeak wrote: »

in april the bulls on this site would probably had said you need an extra £80k so buy now because you'll need an extra £100k by october

I don't think anyone is really that bullish.

I would've suggested that you buy last October (when you thought prices were too high) and in April (when you hit your big bear reset button). Not because I had a view on forward prices but because I don't understand why someone who really wants to buy and has the finance etc tries to time a purchase.

It seems quite a stressful occupation and, as you and the HPC crew amply demonstrate, it's a mugs game. You called a peak last October and then called April - these are the symptoms you need to look out for - you're well on the way to being a crashaholic.

Sometimes you'll buy when prices are rising and sometimes when they're falling. That's life but as time goes on the purchase price matters less and less.

padington

Bubble_and_Squeak wrote: »

in april the bulls on this site would probably had said you need an extra £80k so buy now because you'll need an extra £100k by october

If it was possible to trade houses like shares, right now all the gambling 'bulls' possibly would be betting against property in a small way because the zig zag nature of the market suggests we're probably going to experience a little 'zag' now because we've had so much 'zig'.

It's a punt though. Last month London went up again (from what I can ascertain), ironically contrary to most current 'bulls' expectations.

But don't let a Normal market experience make you believe that this means there will be a huge London crash with no evident black swan, that probably won't be the case.

It's probably more of a sign of a normal long term bull market, being normal.

Bubble_and_Squeak

wotsthat wrote: »

I don't think anyone is really that bullish.

I would've suggested that you buy last October (when you thought prices were too high) and in April (when you hit your big bear reset button). Not because I had a view on forward prices but because I don't understand why someone who really wants to buy and has the finance etc tries to time a purchase.

It seems quite a stressful occupation and, as you and the HPC crew amply demonstrate, it's a mugs game. You called a peak last October and then called April - these are the symptoms you need to look out for - you're well on the way to being a crashaholic.

Sometimes you'll buy when prices are rising and sometimes when they're falling. That's life but as time goes on the purchase price matters less and less.

i called a peak in april, not october.
until april i was actively looking to buy.

Bubble_and_Squeak

padington wrote: »

If it was possible to trade houses like shares, right now all the gambling 'bulls' possibly would be betting against property in a small way because the zig zag nature of the market suggests we're probably going to experience a little 'zag' now because we've had so much 'zig'.

It's a punt though. Last month London went up again (from what I can ascertain), ironically contrary to most current 'bulls' expectations.

But don't let a Normal market experience make you believe that this means there will be a huge London crash with no evident black swan, that probably won't be the case.

It's probably more of a sign of a normal long term bull market, being normal.

still clinging onto the LR figures when events on the ground have moved on