Does anyone talk about house prices in here anymore?

padington

caronoel wrote: »

I really miss the insane rantings of brit1234 predicting 50% crashes by Christmas or the sneering condescension of CarolT.

Both have gone very quiet in recent times.

I guess they have given up / grown a pair and finally bought

At the same time crashy seems to have disappeared as well ...

padington

chucknorris wrote: »

Shame about the woodpeckers, I hope that they get better soon, but I'm surprised about the lack of foxes, I think you probably just aren't seeing them, when I lived in Battersea I used to see quite a few on the odd occasion when I was around in the middle of the night.

We get loads, i was just trying to mention Foxtons opening up in wooders again, mainly to annoy crashy.

padington

caronoel wrote: »

I really miss the insane rantings of brit1234 predicting 50% crashes by Christmas or the sneering condescension of CarolT.

Both have gone very quiet in recent times.

I guess they have given up / grown a pair and finally bought

It's interesting isn't it, just as he market stabilises and maybe even teeters close to having a down year, the crashists get bored and go away.

Odd as it should be their time to shine. I would love to know if crash websites are loosing their audience also.

caronoel

padington wrote: »

It's interesting isn't it, just as he market stabilises and maybe even teeters close to having a down year, the crashists get bored and go away.

Odd as it should be their time to shine. I would love to know if crash websites are loosing their audience also.

It is a little worrying when intellectual giants like these decide to buy. That, for me, is a very strong sell signal

kabayiri

padington wrote: »

It's interesting isn't it, just as he market stabilises and maybe even teeters close to having a down year, the crashists get bored and go away.

Odd as it should be their time to shine. I would love to know if crash websites are loosing their audience also.

Correct me if I'm wrong, but I don't think you have been through a property crash?

I can recall trying to sell during the early/mid 90s property downturn.

The interesting thing is that nobody could really give you a true or honest assessment of where we were in this cycle.

The EA would come round and suggest dropping the price about £5K, but they didn't know where the bottom was any more than you did.

These property experts were just guessing, and were often behind the curve.

We will get another downturn at some point, it's just the nature of things, but who will spot it accurately? That might be more difficult.

padington

caronoel wrote: »

It is a little worrying when intellectual giants like these decide to buy. That, for me, is a very strong sell signal

It's only worrying if you can't afford to pay the mortgage. If you can, little dips are just the path to greater rewards.

More and more people all fighting over the same land is always a one way ticket in a free market system for popular areas.

Have you seen the London house price graph with 2008 in the middle. The greatest crash since a long time was just a little blip. Same will happen again and again and again.

Houses are like Banksys or Picasso's, you will always regret selling them eventually.

caronoel

kabayiri wrote: »

We will get another downturn at some point, it's just the nature of things, but who will spot it accurately? That might be more difficult.

Well the genuises over at HousePriceCrash have been predicting it ever since they started their nonsense in 2003.

This has to be my favourite video ever:
http://www.housepricecrash.co.uk/media/LondonTonight-2005-12-12.wmv

You'd have to feel right banana to have sold up your London flat in 2003, waiting for the "imminent crash" that took five years to materialise.

Even leaving aside all the wasted money in rent, the flat value would probably have doubled in that time frame. Ouch!

westernpromise

Amusingly, the clot with the Japanese wife, who sold in 2003 to rent in Aldgate, eventually left London 4 years ago, to live in Japan. So that went well then. https://www.linkedin.com/in/rschu

Then there's the clot who helped set up HPC, that site which is the scourge of them wicked banksters and their debt fuelled Ponzi scheme, whose LinkedIn entry shows he is...a bankster!
https://www.linkedin.com/in/gavin-greenway-2b816a54

Impressed by Kirstie Allsopp at 5.00 or so bringing up the question of the Breakeven Crash Requirement - in 2003 - and comparing crash trolls to people who spread rumours there's smallpox in the water, because they've got a smallpox vaccine to sell.

She made the most sense of anyone in that little video...

padington

London to only rise by 3.9% this year ...

http://www.propertywire.com/news/uk/house-prices-set-grow-3-5-uk-2017/

padington

kabayiri wrote: »

Correct me if I'm wrong, but I don't think you have been through a property crash?

I can recall trying to sell during the early/mid 90s property downturn.

The interesting thing is that nobody could really give you a true or honest assessment of where we were in this cycle.

The EA would come round and suggest dropping the price about £5K, but they didn't know where the bottom was any more than you did.

These property experts were just guessing, and were often behind the curve.

We will get another downturn at some point, it's just the nature of things, but who will spot it accurately? That might be more difficult.

Point is property is a long term investment, you buy and hold. The only questions you need to ask yourself is, will this save me money each year. If so, it doesn't matter what the temporary market prices are doing. Over the long game, you have a winning horse.

You don't sell your sole house, unless you can buy a better one with the money. Rule number 1.