Dodgy threads on here

BJV

TrickyTree83 wrote: »

I'd put it to everyone on here that because the chancellor suggested house prices might fall by 20% that some buyers who were SSTC are trying their luck with a reduced offer and being told to !!!!!! off. Subsequently new buyers will be coming around the corner to purchase what the chancers didn't.

Also house prices falling? well for me has never really been a bad thing. If your house falls then the house you are buying falls again. I suppose the only real issue is if it is negative equity. Again thank god I situation I have been lucky enough never to have been in.

Or I guess if you are downsizing. House prices rise and fall but long and I mean long term I would always much rather but my money into bricks and mortar.

TrickyTree83

BJV wrote: »

Also house prices falling? well for me has never really been a bad thing. If your house falls then the house you are buying falls again. I suppose the only real issue is if it is negative equity. Again thank god I situation I have been lucky enough never to have been in.

Or I guess if you are downsizing. House prices rise and fall but long and I mean long term I would always much rather but my money into bricks and mortar.

They won't fall medium term. Demand would need to fall, at the moment there are market jitters so yes some house prices will fall as a sale is needed quickly. Others are going to wait it out. The underlying shortage of housing creating demand is still there.

BJV

TrickyTree83 wrote: »

They won't fall medium term. Demand would need to fall, at the moment there are market jitters so yes some house prices will fall as a sale is needed quickly. Others are going to wait it out. The underlying shortage of housing creating demand is still there.

Completely agree people will always need somewhere to live? I think it is just knee jerk reaction to pull out. I hope all these "puller outer's" ( sorry could not think of a better word) ha ha don't live to regret it !

hazyjo

Some dodgy threads and some even dodgier advice


Jx

iantojones40

Trickytree, you appear to be on a one man mission to ramp up the market... care to tell us just how over-leveraged you are and how much trouble you'll be in if interest rates rise or house prices fall even modestly?

Perhaps we can offer you some sound advice.

Bossworld

googler wrote: »

This forum, or specifically, this sub-forum within the whole forum, is likely seen by a miniscule portion of the UK population, and a smattering of folks from abroad.

Complaining about a nefarious plot by intruders from another forum to infiltrate it comes across as overly paranoid, and as an over-inflation of the effect such infiltration could have.

Agreed with the former, although it does seem to be used as a source for the red tops. Sadly we seem to live in an age where 'One twitter user said X' counts as a useful quote.

With regards to the second, even though on this thread, they appear to have been caught out?

https://forums.moneysavingexpert.com/discussion/5484264

Brock_and_Roll

People about to buy are making one of the biggest, most important long term financial decisions they will make in their life........even without Brexit, people will naturally be nervous at such a point, this has just given them something else to worry about.

TrickyTree83

iantojones40 wrote: »

Trickytree, you appear to be on a one man mission to ramp up the market... care to tell us just how over-leveraged you are and how much trouble you'll be in if interest rates rise or house prices fall even modestly?

Perhaps we can offer you some sound advice.

I'm actually ok, have a job with a business that is primarily based in the domestic UK market that pays me well. We've a 20% deposit and we've bought a home for the next 30 years +. With over £1500 a month into our savings.

I'm not ramping anything up. Just stating the reality.

A) No one knows the economic future, it's a personal choice.
If you're buying a home, it shouldn't really be impacting your decision.
C) If you're buying as an investment, probably best to hold off.
D) Housing shortage remains, underlying demand is still there.
E) EU membership will be guaranteed for at least the next 2 years ~2 months.
F) EU migration can continue at current levels (possibly higher/lower) during that period creating more demand.
G) If there is an economic downturn lending criteria is likely to become more strict than it is now.
H) Interest rates could rise, true, to combat inflation. They could also be lowered to encourage growth in the economy. Given that growth is required to bring down the budget deficit and the current government (until 2020) have said they will stay the couse on fiscal responsibility I'd bet that rates will remain the same or drop rather than rise. In light of this any rise will probably not be very large.

People should not be scaring others.

Whatever will be will be, but artificially creating fear and driving markets down will become a self-fulfilling prophecy that will damage many more peoples lives than attempting to get up and get on with things.

jimpix12

Stop talking down the market guys, or the little people will figure out what's really going on.

TrickyTree83

Everyone on here knows that you should talk the markets down in order to promote stability.

Right?

Who doesn't want to have a race to the bottom?