The correction has been, gone, and is over

chucknorris

Thrugelmir wrote: »

Not even money Chuck it's just numbers.

Obviously, that's just the way to think of it, only numbers, what is your point?

Thrugelmir

chucknorris wrote: »

Obviously, that's just the way to think of it, only numbers, what is your point?

The one certainty in life is uncertainty as to what tomorrow holds.

chucknorris

Thrugelmir wrote: »

The one certainty in life is uncertainty as to what tomorrow holds.

Exactly! The problem that you have that is you interrupt that as a problem, whereas I (used to) interrupt it as an opportunity. Nowadays because I just want to maintain the status quo, rather than extend my wealth, I am far more risk averse, because there isn't any point in taking on risk, if you are not going to live long enough to enjoy the reward.

cells

the HPC crew were correct about the giant house price crash but it only happened in about half the country.

Prices in the north are about 15% lower in nominal terms than a decade ago and not far off 40% cheaper in real terms.

instead of taking some victory in being correct in half the country they actually ignore the 40% real term crash and cry prices are still far too high and they need another 50% crash before they think of buying

Thrugelmir

chucknorris wrote: »

Exactly! The problem that you have that is you interrupt that as a problem, whereas I (used to) interrupt it as an opportunity. Nowadays because I just want to maintain the status quo, rather than extend my wealth, I am far more risk averse, because there isn't any point in taking on risk, if you are not going to live long enough to enjoy the reward.

Life would be dull without an element risk. As we only get one opportunity. There's more to life than simply collecting numbers. I wouldn't change my mine. Even though it's had real lows. Makes one appreciate the good times.

chucknorris

Thrugelmir wrote: »

Life would be dull without an element risk. As we only get one opportunity. There's more to life than simply collecting numbers. I wouldn't change my mine. Even though it's had real lows. Makes one appreciate the good times.

I wouldn't change mine either, I took on lots of risk when I was younger, but it was with a purpose, it would be foolish to take on that much risk now. Risk has to be about balancing the upside and the downside, and there isn't much of an upside for me any more, I've got what I want/need.

padington

Thrugelmir wrote: »

The immortal words of Sir John Templeton.

'born on pessimism, grow on scepticism, mature on optimism and die on euphoria.”

Sounds like a third date

dktreesea

cells wrote: »

the HPC crew were correct about the giant house price crash but it only happened in about half the country.

Prices in the north are about 15% lower in nominal terms than a decade ago and not far off 40% cheaper in real terms.

instead of taking some victory in being correct in half the country they actually ignore the 40% real term crash and cry prices are still far too high and they need another 50% crash before they think of buying

There are plenty of places in the UK where you can buy a 3 bedroom house for less than £50k, e.g.


http://www.rightmove.co.uk/property-for-sale/property-40005987.html


http://www.rightmove.co.uk/property-for-sale/property-41084450.html


http://www.rightmove.co.uk/property-for-sale/property-38591094.html


http://www.rightmove.co.uk/property-for-sale/property-57853385.html


http://www.rightmove.co.uk/property-for-sale/property-39849717.html


All of these properties are cheap enough to be able to be afforded by someone on the FT NMW. Are these houses crashed prices that never recovered? Ten years ago you could probably have picked up houses similar to these for half the current price, if that.

Generali

dktreesea wrote: »

There are plenty of places in the UK where you can buy a 3 bedroom house for less than £50k, e.g.


http://www.rightmove.co.uk/property-for-sale/property-40005987.html


http://www.rightmove.co.uk/property-for-sale/property-41084450.html


http://www.rightmove.co.uk/property-for-sale/property-38591094.html


http://www.rightmove.co.uk/property-for-sale/property-57853385.html


http://www.rightmove.co.uk/property-for-sale/property-39849717.html


All of these properties are cheap enough to be able to be afforded by someone on the FT NMW. Are these houses crashed prices that never recovered? Ten years ago you could probably have picked up houses similar to these for half the current price, if that.

It's grim up North.

westernpromise

I have always been amused at claims that such-and-such a place - Manchester, Milton Keynes, Poland - would be great places for me to live in, should the company decide to relocate me there, because houses were so cheap.

Clearly, if houses are cheap, it's because nobody wants to live there.