Understanding offers in excess as FTBs

ReadingTim

Crashy_Time wrote: »

So what do we call someone (you) who seems to be claiming an edge when it comes to interest rates, a guru? :rotfl: You have no idea what will happen with Brexit/Other EZ countries/U.S/China etc. The problem many on here have is that they are biased by the big property loans they have already taken out, but this doesn`t mean that their advice that others should do the same is sound Only someone very blinkered would deny that there has been a massive shift in market expectation and the media tone on property, and sentiment is one of the main drivers of the property market, along with easy credit, Oh and low rates.........:)

Pots and kettles Crashy - you have no idea either, and have latched on to Brexit in the same way you latched onto QE before that, and whatever other issue of the day you could find that day to support your equally blinkered view.

You continue to try and subtly tweak your statements, re-frame your argument and shift the goalposts, and hope that by diverting the discussion into meaningless semantics and pedantic tautology you divert people's attention from the fact that you've been proven consistently wrong for your entire posting history. If there was ever a crash, slowdown, whatever, it won't be due to any wisdom, foresight or prophesy on your part.

In fact, you'd be more credible if you replaced "house price crash" with "alien invasion" and haunted these forums with that sort of doom-mongering - I'd take you more seriously for one.

51mm5

Crashy_Time wrote: »

Can you post up the sales volume link first?

:rotfl: keep shifting those goal posts. Are you wanting a house prices crash or house sales crash now?

Crashy_Time

51mm5 wrote: »

:rotfl: keep shifting those goal posts. Are you wanting a house prices crash or house sales crash now?

House sales crash is the precursor to a price crash, especially if rates start rising. Why don`t you post some stats on how many people are getting a buyer nowadays?

PokerPlayer111

Yup volume is important indicator to consider with trends.

Crashy_Time

ReadingTim wrote: »

Pots and kettles Crashy - you have no idea either, and have latched on to Brexit in the same way you latched onto QE before that, and whatever other issue of the day you could find that day to support your equally blinkered view.

You continue to try and subtly tweak your statements, re-frame your argument and shift the goalposts, and hope that by diverting the discussion into meaningless semantics and pedantic tautology you divert people's attention from the fact that you've been proven consistently wrong for your entire posting history. If there was ever a crash, slowdown, whatever, it won't be due to any wisdom, foresight or prophesy on your part.

In fact, you'd be more credible if you replaced "house price crash" with "alien invasion" and haunted these forums with that sort of doom-mongering - I'd take you more seriously for one.

Let`s make it simple - Emergency interest rates were keeping the property market limping along - Emergency rates are coming to an end ...:) How will this affect your probably sizeable mortgage debts?

buggy_boy

Crashy_Time wrote: »

So what do we call someone (you) who seems to be claiming an edge when it comes to interest rates, a guru? :rotfl: You have no idea what will happen with Brexit/Other EZ countries/U.S/China etc. The problem many on here have is that they are biased by the big property loans they have already taken out, but this doesn`t mean that their advice that others should do the same is sound Only someone very blinkered would deny that there has been a massive shift in market expectation and the media tone on property, and sentiment is one of the main drivers of the property market, along with easy credit, Oh and low rates.........:)

Yeah we have no idea what will happen, im not the one constantly saying a crash is coming, you ignore all other evidence that does not fit with your conclusion... Ive never said interest rates wont rise, you are the one claiming interest rates will rise which will cause a crash...

Haha yeah the old people that don't agree with me only do so because they they have vested interest, its what the HPC lot have been saying for over a decade, I agree taking out a large mortgage is a risk, but waiting and hoping for a crash while paying rent is probably as much of a risk, I would always advise make sure its a house and area you want to stay in and make sure you can afford the mortgage if rates go 6-8%. You cant though deny as a long term asset property has and is likely to keep increasing in value (Short of some big event like a disease killing 90% of the population).

I think sentiment has changed, we will see rates rise but im not seeing enough forced sellers to change the market, im looking to buy another BTL and have done for months, but there is nothing on the market for the type of property in the location I want. I would challenge easy credit, that was pre 2012ish, now lending has tightened, lenders look at affordability, in the past they just looked at your income only.

ReadingTim

Crashy_Time wrote: »

House sales crash is the precursor to a price crash, especially if rates start rising. Why don`t you post some stats on how many people are getting a buyer nowadays?

You sure about that? When supply (of houses for sale) drops & demand (buyers) stays the same, price doesn't go down....

Interest rates would have to rise considerably before people are forced to sell (ie repossession), which is why it won't happen. As I've said before, there is literally and figuratively too much invested in property and the property market for it to crash in the manner you hope. Sales reflect supply, not demand.

buggy_boy

Crashy_Time wrote: »

Let`s make it simple - Emergency interest rates were keeping the property market limping along - Emergency rates are coming to an end ...:) How will this affect your probably sizeable mortgage debts?

What are you calling "Emergency rates"? there was an emergency rate cut from 0.5% to 0.25% following the Brexit result but that has now been reversed. We have had rates at basically 0.5% for like 9 years... Why do you try to use a weak argument of anyone who says they do not think rates will rise very fast as having a sizable debts? I have enough savings I could wipe out my debt tomorrow, I still dont think rates will rise very quickly... Just google "Carney rate rise 2014", for 4yrs the guy has been saying we will have a rate rise very soon. Im not saying it wont happen sooner or later, I just think if someone says for 4yrs rates will rise this year they lose credibility... Just like when you say were on the edge of a crash for 4yrs. Thats not to say it wont happen but if it did you would not be some kind of genious, just a broken clock thats rights twice a day.

ReadingTim

buggy_boy wrote: »

What are you calling "Emergency rates"? there was an emergency rate cut from 0.5% to 0.25% following the Brexit result but that has now been reversed. We have had rates at basically 0.5% for like 9 years... Why do you try to use a weak argument of anyone who says they do not think rates will rise very fast as having a sizable debts? I have enough savings I could wipe out my debt tomorrow, I still dont think rates will rise very quickly... Just google "Carney rate rise 2014", for 4yrs the guy has been saying we will have a rate rise very soon. Im not saying it wont happen sooner or later, I just think if someone says for 4yrs rates will rise this year they lose credibility... Just like when you say were on the edge of a crash for 4yrs. Thats not to say it wont happen but if it did you would not be some kind of genious, just a broken clock thats rights twice a day.

It's the classic "I'm right, I always was, and had it not been for x, y and z, I always will be" argument.

Problem is, "x, y and z" was what proved them wrong.

glasgowdan

Looks like another thread dragged off topic :T