House Price Crash Discussion Thread

pickledtink

boinging wrote: »

Are you for real? Currently by STR I'm saving:

1) Interest on my equity
2) Monthly difference between what I was paying in mortgage and what I pay in rent
3) Plus house prices are dropping

If I buy a house tomorrow, compared with buying in Aug 07 (the house I was about to buy is still on the market at £10K less), I would save around 20K. This amount saved is currently rising every month.

Exactly. In fact the house I nearly bought was @ £.210,000.00. Although I lost almost £1000.00 in fees I have lived in my rental at the same cost as my mortgage payments were and am banking about £520.00 pm in interest on the equity. If I buy the house I now like around the end of May I'll still have that extra £3000.00 to put in so no loss.

Better yet I will get a house of the same size in a better area in absolutely pristine condition ( the other needed work) and with a huge secluded garden for £190,000.

How on earth can paying £19000 less for something better be a bad move I wonder?
I could sit tight and wait until things go down more and buy when it seems to be leveling out but I'm happy to get the house I want to live in at a price I can afford.

Pickled'pink''s post on this makes absolutely no sense. Moreover I have certainly felt no desire to rush out and spend my equity on a holiday or other 'treats'.

pickledtink

dolcevita wrote: »

I had the shock of my life when I read the first line of this post - I thought it was from "pickledpink" and had to look at the poster's name again before I realised it wasn't.

p.s. Pickledpink is in the picture in post #2091

*sigh* Having my handle virtually hijacked is bad enough. Being confused with the author of that nonsensical post is downright depressing.

From the original one and only *pickledtink*

Turnbull2000

My my, looks like the pro house price inflation gang are looking to vent their frustration at being unable to talk the market back up :rotfl:

http://www.youtube.com/user/housepricecrashUK

http://www.propertyinvestmentproject.co.uk/images/comics/images/ownmindhpc.jpg

BobProperty

Turnbull2000 wrote: »

My my, looks like the pro house price inflation gang are looking to vent their frustration at being unable to talk the market back up :rotfl:

http://www.youtube.com/user/housepricecrashUK

I hope Frank Zappa's descendants are getting their royalties

WTF?_2

dolcevita wrote: »

p.s. Pickledpink is in the picture in post #2091

Hmmmm, I don't think are knockers are big enough judging from PP's self description

pickledtink

!!!!!!? wrote: »

Hmmmm, I don't think are knockers are big enough judging from PP's self description

I'd missed that little gem. Terrific.
Can this get any worse?:rotfl:

carolt

Don't let it get you down, pickledtink. You're clearly a high class gal, unlike that other broad....

PasturesNew

I get all the pickled, pink, poppy people all mixed up.
All the time.

pickledtink

PasturesNew wrote: »

I get all the pickled, pink, poppy people all mixed up.
All the time.

Tragic isn't it? All we P handles.
Pastures New, Pastures Old, Pastors_Oldy, Pastoors-noo.....
Wait till you've got a breast waving near like handle talking rubbish as 'PastureNew' and have to field the enquiries as to when the lobotomy happened is all I have to say.
* Grumpy rude gesture*
On topic: More price drops here today.
Grotty 2 bed crumbling 'Cottages' on at £135- 140,000 at peak now a bloodbath at £100- 120,000 ASKING price!
This is outer edge South East commuter land to London folks.

poppy10_2

PasturesNew wrote: »

I get all the pickled, pink, poppy people all mixed up.
All the time.

Now that hurts. :sad: