How much can house prices keep rising ?

AdrianC

Crashy_Time wrote: »

Has he sold up, or is he still trying to sell up, that is the question.

Unless he could find somebody to buy the entire portfolio as one - as reported widely a year ago, but which clearly fell through (if it ever existed) - then it's fairly obvious to anybody with the vaguest grip on reality that there's going to be a long period of drip-feeding to avoid flooding the local market.

I'll let you figure which of these may or may not be part of his empire...
Ashford, Kent
Maidstone

westernpromise

Give an example of anyone who has said that Wilson 'banked "millions" months ago', could you, Crashy?

By the way, as Wilson owns all his properties in Ashford, and as you think BTL pushes up property prices, does Ashford have higher prices than neighbouring towns in which Wilson does not own 1,000 houses?

What's your BCR looking like? Has Aberdeen come off 50% yet like you predicted back in May?

Crashy_Time

AdrianC wrote: »

Unless he could find somebody to buy the entire portfolio as one - as reported widely a year ago, but which clearly fell through (if it ever existed) - then it's fairly obvious to anybody with the vaguest grip on reality that there's going to be a long period of drip-feeding to avoid flooding the local market.

I'll let you figure which of these may or may not be part of his empire...
Ashford, Kent
Maidstone

Clearly, which is why I am challenging some of the Circus Entertainers on here about their Happy Clappy response to the "sale" at the time.....:rotfl:

Crashy_Time

westernpromise wrote: »

Give an example of anyone who has said that Wilson 'banked "millions" months ago', could you, Crashy?

By the way, as Wilson owns all his properties in Ashford, and as you think BTL pushes up property prices, does Ashford have higher prices than neighbouring towns in which Wilson does not own 1,000 houses?

What's your BCR looking like? Has Aberdeen come off 50% yet like you predicted back in May?

Cheap money pushes up prices, BTL is just a symptom. Cheap money AND BTL will be coming to an end soon so it will be trebles all round at HPC HQ on that happy occasion....:rotfl:

GreatApe

Crashy_Time wrote: »

Cheap money pushes up prices, BTL is just a symptom. Cheap money AND BTL will be coming to an end soon so it will be trebles all round at HPC HQ on that happy occasion....:rotfl:

Your pals at HPC HQ have been celebrating the imminent crash for 15 years
But they have nothing on you, you have been in celebration mode for 25 years

You must be quite special I think I would have gone mad by now being wrong for 25 years I certainly wouldn't be shouting from the rooftops pretending I know everything. So dont count your chickens just yet. London where I live is still £40k above what it was 12 months ago and £80k above what it was 24 months ago according to the LR.

the_flying_pig

Conrad wrote: »

...many Landlords from these communities... consider tenants a lessor breed...

badum tish.

lisyloo

cyantist wrote: »

Indeed. There are lots of people our age and younger who don't live that sort of lifestyle and are prepared to go without - they are the ones who end up buying. It's very frustrating when you get told how 'lucky' you are to own somewhere, by someone who has a £100 a month sky package, new car on finance, and a 3 times a week takeaway habit. Especially when they would only have to save a tenth of the deposit you needed to buy somewhere.

But is that going to change? I don't think so. So those people who aren't prepared to make those sacrifices will find house prices moving further out of their reach.

In London and nearby there will probably always be more demand and a lot of people who earn a lot of money, and I don't see prices stopping rising there, but elsewhere where wages are lower, the rental market isn't ridiculous and competition for housing isn't stupid, why will prices keep rising?

If you are going to do well for yourself the you will need to deal with jealousy. One technique is to use the line "the harder I work, the luckier I get".

One thing I can say is that as you get older it's likely you'll start to care a lot less about what others think.

Crashy_Time

GreatApe wrote: »

Your pals at HPC HQ have been celebrating the imminent crash for 15 years
But they have nothing on you, you have been in celebration mode for 25 years

You must be quite special I think I would have gone mad by now being wrong for 25 years I certainly wouldn't be shouting from the rooftops pretending I know everything. So dont count your chickens just yet. London where I live is still £40k above what it was 12 months ago and £80k above what it was 24 months ago according to the LR.

25 years now is it? :rotfl: Soon I will have sold to rent before I was born. Your post looks like a paragraph from "Counter Clock World" :rotfl: One thing is sure, you definitely chose a suitable internet name for yourself.

GreatApe

Crashy_Time wrote: »

25 years now is it? :rotfl: Soon I will have sold to rent before I was born. Your post looks like a paragraph from "Counter Clock World" :rotfl: One thing is sure, you definitely chose a suitable internet name for yourself.

As others have asked you, what is your break even crash requirement to make your decision wise? 130% house price crash? That's going to happen!

What about that financial planner buddy of yours sold in London in 2004? He probably needs prices to crash 70% just to break even and has lost 12+ years in a rentals rather than his own home. I wonder if his insurance covers his own bad advise to himself to sell to rent?

Also one final very important point. You and he and your pals at hpc HQ should at least admit to yourself that even if you believe a HPC is imminent you made a mistake not buying x years ago and selling today.

HPC HQ a toxic site of confirmation bias and sore losers jumping up and down that finally 15 years after the site was created there might be a fall in prices. Don't count your chickens just yet you been wrong plenty enough already

Here is your favourite smily
:rotfl:
Byt what you really should be feeling inside I this one for being so wrong for so long
:wall:

Crashy_Time

GreatApe wrote: »

As others have asked you, what is your break even crash requirement to make your decision wise? 130% house price crash? That's going to happen!

What about that financial planner buddy of yours sold in London in 2004? He probably needs prices to crash 70% just to break even and has lost 12+ years in a rentals rather than his own home. I wonder if his insurance covers his own bad advise to himself to sell to rent?

Also one final very important point. You and he and your pals at hpc HQ should at least admit to yourself that even if you believe a HPC is imminent you made a mistake not buying x years ago and selling today.

HPC HQ a toxic site of confirmation bias and sore losers jumping up and down that finally 15 years after the site was created there might be a fall in prices. Don't count your chickens just yet you been wrong plenty enough already

Here is your favourite smily
:rotfl:
Byt what you really should be feeling inside I this one for being so wrong for so long
:wall:

I wasn`t aware of HPC 15 years ago, and had no interest in property prices, or being on the internet much, 15 years ago. Sounds like you were active spouting your dribble even back then? :rotfl: