Is this buyers remorse?

_CC_

Davesnave wrote: »

but for people like Crashy, who kept waiting for the cataclysm which never came, it was then too late to act.

Crashy is never going to 'act'. He'll forever be a jealous troll who spends his time trying to worry potential or existing buyers, probably because he doesn't really have the means to buy somewhere himself or put together a plan to see him/herself financially secure. If crashy was comfortable with their own choices, why would he/she spend so much time spouting the same HPC rubbish to strangers on the internet for over a decade?

Crashy_Time

It is amazing, when front line politicians are basically getting up to the podium to reel off a HPC wish list that people still try to pretend that the crash has been and gone. It is a bubble, a big one, and it is now causing big political and social problems and has to pop, or be popped.

qwert_yuiop

Boredatwrork wrote: »

For anyone without kids, you get basically the same feeling the first few moments the baby is put into your arms.

Stress worry, excitement, fear..its all in there.

I'm told it eases when your baby gets their first job.

Crashy_Time

Davesnave wrote: »

Depends how one defines 'hardly anything' I suppose.

We were selling in 2008. Our house lost 3 sets of buyers and eventually sold for about 16% less than the first agreed sale price.

I'd say 16% was a decent reduction, especially as the area was far from shabby. By 2012/13 prices there had recovered, but for people like Crashy, who kept waiting for the cataclysm which never came, it was then too late to act.

We bought again in 2009, not because we knew cleverly that things were at the bottom, but because we'd found somewhere that suited. Also, for average guys like us, it was actually quite scary having virtually all our assets as pixels on a computer screen, rather than a building & land.

The day that the pixels don`t translate to cash in hand is the day that your house won`t be worth very much, and you won`t be very safe inside it, so that isn`t a very good reason to tie your assets up in a very illiquid asset which is in a depreciating market IMO.

DaftyDuck

Crashy_Time wrote: »

It is amazing, when front line politicians are basically getting up to the podium to reel off a HPC wish list that people still try to pretend that the crash has been and gone. It is a bubble, a big one, and it is now causing big political and social problems and has to pop, or be popped.

Poop... Total poop!

DaftyDuck

Crashy_Time wrote: »

The day that the pixels don`t translate to cash in hand is the day that your house won`t be worth very much, and you won`t be very safe inside it, so that isn`t a very good reason to tie your assets up in a very illiquid asset which is in a depreciating market IMO.

You might not be very safe... but you'll be even less safe in some rented shack - from which you will be turfed out, for them to realise their assets!

Meanwhile, you'll end up with fewer assets to vanish, having wasted all that money on rentals.

Davesnave

Crashy_Time wrote: »

The day that the pixels don`t translate to cash in hand is the day that your house won`t be worth very much, and you won`t be very safe inside it, so that isn`t a very good reason to tie your assets up in a very illiquid asset which is in a depreciating market IMO.

Those of us who had our pixels in Icesave (remember them?) and Kaupthing (who?) know all about how 'liquid' they are when things go paridae-up!

Maybe you were too young, or probably, too poor.

I will be very safe in my house, thank you. It's paid for, allows a fair amount of self-sufficiency, if required, and is of a type they don't make any more. I bought it with one eye on future-proofing.

But thanks for your concern.

qwert_yuiop

Now there's an icy blast from the past - who remembers all those headlines about assets frozen in Iceland?

Evening Standard tonight is adding to the unease, with a front page article about falling prices and potential rate rises.

Crashy - what part of England (I presume) are you living in? Could this be your chance? Powder dry?

Crashy_Time

DaftyDuck wrote: »

You might not be very safe... but you'll be even less safe in some rented shack - from which you will be turfed out, for them to realise their assets!

Meanwhile, you'll end up with fewer assets to vanish, having wasted all that money on rentals.

Who would buy it from them in a true meltdown scenario though? It would make more sense to keep the tenant there if possible so that they could scrape a few crumbs of rent to make up for all the other money they will have lost in the scenario where pixels on a screen don`t translate into hard cash.

Crashy_Time

Davesnave wrote: »

Those of us who had our pixels in Icesave (remember them?) and Kaupthing (who?) know all about how 'liquid' they are when things go paridae-up!

Maybe you were too young, or probably, too poor.

I will be very safe in my house, thank you. It's paid for, allows a fair amount of self-sufficiency, if required, and is of a type they don't make any more. I bought it with one eye on future-proofing.

But thanks for your concern.

That sentence alone means that you should never ever be giving financial advice to anyone, ever. :money: You eventually got your money back though didn`t you, or most of it? I don`t think recent borrowers into this property bubble will be so lucky:(