So, the crashists were wrong again

padington

Maybe time they reconsidered their logic given that their calculations never seem to work ?

Crashy_Time

You really sound desperate now. Give it a rest.

Wi88le

Spam reported, this thread is pointless and belongs in the money savers arms section/bin,at least link to something or have something debatable so we can have the same argument we get everyday in just about every property related thread.

padington

Wi88le wrote: »

Spam reported, this thread is pointless and belongs in the money savers arms section/bin,at least link to something or have something debatable so we can have the same argument we get everyday in just about every property related thread.

It's an end of year conclusion & entirely valid. Take your over authoritive forum etiquette elsewhere. Perhaps Russia maybe ?

Raising the issue that repeated failed expected results should result in a changed hypothesis is very reasonable discussion point.

TheeMaskedTurnip

The first step to the cure for a crashaholic is to admit that they have a problem. Most notebly that they are year-on-year paying ever increasing rents to pay off the landlords mortgage for them. Many rent forever losers find this hard to digest. The longer they pay off their landlord mortgage the harder they dig in their heels.

Blacklight

Cells nailed it a while back, the numbers don't lie. As much as Graham loves an average of an average and harps on about Welsh hermits in the middle of nowhere unable to buy a house based on the average cost of a Chelsea mansion; when you look a localised affordability, typical bottom rung homes are well within every working man's gift.

The market has corrected itself and the next cycle will be another big jump in prices.

Thrugelmir

TheeMaskedTurnip wrote: »

Most notebly that they are year-on-year paying ever increasing rents to pay off the landlords mortgage for them.

Only way most BTL landlords will pay there mortgages off is by selling the properties they own. In doing so this will crystallise the taxable capital gain. Most amateurs don't even know their regulatory responsibilities let alone seek advice on taxation from an accountant.

mwpt

Blacklight wrote: »

Cells nailed it a while back, the numbers don't lie. As much as Graham loves an average of an average and harps on about Welsh hermits in the middle of nowhere unable to buy a house based on the average cost of a Chelsea mansion; when you look a localised affordability, typical bottom rung homes are well within every working man's gift.

The market has corrected itself and the next cycle will be another big jump in prices.

So the crashists were correct?

cells

mwpt wrote: »

So the crashists were correct?

Yes but..

..Only the ones that said there would be a real term price fall of ~30% (about 0% nominal) from Jan 2006 --> Jan 2016 in the NE, NW, Y&H, WM, EM...

Which was not many of them. Most were probably hoping for Year-2000 prices in nominal terms everywhere in the country by now

cells

TheeMaskedTurnip wrote: »

The first step to the cure for a crashaholic is to admit that they have a problem. Most notebly that they are year-on-year paying ever increasing rents to pay off the landlords mortgage for them. Many rent forever losers find this hard to digest. The longer they pay off their landlord mortgage the harder they dig in their heels.

Thats a bit harsh, most of them are probably not in a position to buy.

Maybe if they accepted that they could try to make the best of their situation. It might mean trying for a council house or moving somewhere cheaper or just accepting

cells

Blacklight wrote: »

Cells nailed it a while back, the numbers don't lie. As much as Graham loves an average of an average and harps on about Welsh hermits in the middle of nowhere unable to buy a house based on the average cost of a Chelsea mansion; when you look a localised affordability, typical bottom rung homes are well within every working man's gift.

The market has corrected itself and the next cycle will be another big jump in prices.

Thanks, it took me by surprise.
Many places in the uk are < 4 x income, some < 3x

Before looking at that info I would have not believed over half the country was between surprisingly cheap and affordable.