Bought property, big mistake :( any words of wisdom?

Tiger_greeneyes

I'd stop worrying - if you'd stuck to renting a property, the chances are that you'd have had less in your pockets at the end of the month and you'd have been at the mercy of the landlord in case they decided to sell up and drop you in it. What will be will be, what's the worst that can happen? Enjoy the stability of your own place.

Crashy_Time

And be glad you didn`t decide to become a landlord....


http://www.telegraph.co.uk/personal-banking/mortgages/buy-to-let-investors-face-mortgage-crisis-as-lenders-introduce-b/

westernpromise

Crashy_Time wrote: »

And be glad you didn`t decide to become a landlord....


http://www.telegraph.co.uk/personal-banking/mortgages/buy-to-let-investors-face-mortgage-crisis-as-lenders-introduce-b/

Here are some more bears, from 1996.

https://goo.gl/b3wewO

"IMO prices will probably not change vey much in relation to earnings for a long time to come." - comment by Ian Dickson, 06/01/1996

"The fact that volumes of house sales have not yet returned to normal suggests that housing is still overpriced and has further to fall." - comment by M Holmes, 16/01/1996

https://goo.gl/agmgyA

"...house prices wouldn't rise with inflation since the low turnover indicates that houses are still perceived as overpriced....lack of demand indicates that housing is still regarded as overpriced. That indicates further falls rather than a rise.

Demographics also mitigate against future house price rises. There are simply less young people to buy houses." -07/02/1996

Wrong for 20 years.

economic

Can I just ask (i have only been a member of this forum for just over a year) is this Crashy bloke actually serious? or is it just a joke what he says and some sort of marketing rubbish on HPC or getting everyone to turn bearish. because I just find it really sad for someone like him to have gone through most of his life being bitter about everything and so never buying a house because of this bitterness. and then resulted in such a big loss in terms of financially. hes obviously on this site to save a few quid, seems like one of those "save a few quid but lose a fortune (by not buying a property)" kind of guys.