"Thousands" of London flats to come to the market

Crashy_Time

westernpromise wrote: »

It's sometimes said of people like Crashy that a stopped clock is right twice a day.

In fact, that need not follow. If the clock has stopped because of a mechanical fault such that the big hand is jammed pointing at 6 and the little hand is jammed pointing at 3, these hand positions mean nothing. They don't mean it's half-past three, because if it were, the little hand would be half-way between the 3 and the 4. Such a position of the hands indicates no actual time at all.

So a stopped clock can be wrong all the time, as can a clock that's always fast or always slow.

I'll leave others to work out to what extent the above applies to Crashy "130% BCR" Time's posts.

Sometimes the clock falls off the wall and smashes to bits on the floor. That is what is going to happen to the UK property "market" soon.

wotsthat

Crashy_Time wrote: »

Weren`t you predicting a Remain vote a couple of weeks ago?

I thought remain would win. Yes.

I didn't punt 20 years of rent and the same time living in hovels on the result though.

What's your point?

Crashy_Time

wotsthat wrote: »

I thought remain would win. Yes.

I didn't punt 20 years of rent and the same time living in hovels on the result though.

What's your point?

My point was that you have a poor track record at predictions. Did you get the BTL tax clampdown one right, or did you fumble that prediction as well?

mwpt

Crashy_Time wrote: »

Sometimes the clock falls off the wall and smashes to bits on the floor. That is what is going to happen to the UK property "market" soon.

Even if it does, you will never break even on your speculative short on the housing market. That is unfortunate for you, I'm not trying to rub your face in it.

There is nothing wrong with speculatively shorting the housing market. But at least be honest enough to admit that your bet did not pay off.

My bet that I could not beat the government at the property game has so far paid off. If property crashes by 34% in the next few months, I will be in negative equity. I think it would only require a 15% crash for me to be worse off than if I'd stayed renting for the last two years. But in either of those scenarios I have enough equity outside of property to either make the most of the situation and trade up to a nicer place at discounted prices, or sit out and just live in my home.

What is your plan for the next few years taking into account any of the scenarios (stagnate, crash, rise)?

Crashy_Time

mwpt wrote: »

Even if it does, you will never break even on your speculative short on the housing market. That is unfortunate for you, I'm not trying to rub your face in it.

There is nothing wrong with speculatively shorting the housing market. But at least be honest enough to admit that your bet did not pay off.

My bet that I could not beat the government at the property game has so far paid off. If property crashes by 34% in the next few months, I will be in negative equity. I think it would only require a 15% crash for me to be worse off than if I'd stayed renting for the last two years. But in either of those scenarios I have enough equity outside of property to either make the most of the situation and trade up to a nicer place at discounted prices, or sit out and just live in my home.

What is your plan for the next few years taking into account any of the scenarios (stagnate, crash, rise)?

My plan is to come on here and laugh at you as your house crashes by 40% :rotfl:

wotsthat

Crashy_Time wrote: »

My point was that you have a poor track record at predictions. Did you get the BTL tax clampdown one right, or did you fumble that prediction as well?

You've been predicting a crash in house prices every day for a decade or so. You've been consistently wrong, you've lost money and you've wasted a ton of headspace on project sheeple.

Let me help you out here. Whether I thought remain would win doesn't alter your tragic situation one iota.

As for predicting the landlord tax increases who cares? You didn't predict them either - it was just something you've been wishing for for years and you're riddled with incurable bias.

If wishes were horses, beggars would ride.

System

wotsthat wrote: »

You've been predicting a crash in house prices every day for a decade or so. You've been consistently wrong, you've lost money and you've wasted a ton of headspace on project sheeple.

I found this detailed graph depicting Crashy's views on the housing market.

wotsthat

Crashy_Time wrote: »

My plan is to come on here and laugh at you as your house crashes by 40% :rotfl:

I wish you weren't just a harmless internet nut job with no credibility.

A 40% fall in the price of my next house would be sweet.

Crashy_Time

wotsthat wrote: »

You've been predicting a crash in house prices every day for a decade or so. You've been consistently wrong, you've lost money and you've wasted a ton of headspace on project sheeple.

Let me help you out here. Whether I thought remain would win doesn't alter your tragic situation one iota.

As for predicting the landlord tax increases who cares? You didn't predict them either - it was just something you've been wishing for for years and you're riddled with incurable bias.

If wishes were horses, beggars would ride.

I (and many others) predicted that property would eventually become a "tax target", and I predicted Brexit a few days before it happened, just accept it and move on, you sound more and more desperate with every post you make. Get outside in the fresh air or something.

Crashy_Time

Joeskeppi wrote: »

I found this detailed graph depicting Crashy's views on the housing market.

Have you got one that predicts how much "value" your house is about to lose? Hamish could maybe help you with the colours.