Something fishy

Crashy_Time

John-K wrote: »

You!!!8217;ve been posting the same rubbish for a lot of years now, with the reasoning changing each time.

May I ask, given how spectacularly badly you called it a few years ago, do you not think that you are perhaps not very well clued up when it comes to predicting house prices?

I leveraged up eight years ago, spending seven figures on a flat in London. I had no expectation of making money on it, and thought it likely that I!!!8217;d lose, but was aware that forecasting was probably foolish.

Here we are now, it!!!8217;s gone up in value half a million pounds, which I am about to cash out. You would have told me not to buy, and do not seem to have learned anything.

Let us know when you actually cash out

buggy_boy

Crashy_Time wrote: »

Let us know when you actually cash out

Let us know how much not buying years ago has cost you so far?

AdrianC

I'm baffled. You seem to be suggesting some kind of conspiracy between the EA who can't sell an identical house for £325k and the surveyor, to downvalue yours from £305k to £295k.

Wouldn't that just make the more expensive property even harder to sell...?

LittleMax

MrsGizzard wrote: »

Just decided to get a full buildings survey on my own home.

ashe wrote: »

Why did you get a survey on your own home? Surely the buyer would be doing that?

MrsGizzard wrote: »

So I know what it!!!8217;s worth.

But you knew what it was worth? It was worth whatever your buyer's valuation came back with. Which is the one figure you have omitted to tell us.

Did your buyer's survey come back at £295k and you had a survey to try to show it was higher? And that is where you feel the conspiracy lies?

Otherwise this doesn't make any sense.

Crashy_Time

buggy_boy wrote: »

Let us know how much not buying years ago has cost you so far?

As I said, betting on a house to pay out is just that, a gamble, especially now. Savings and investments pay out at the click of a mouse, no years of waiting around while prospective buyers bid your price down

buggy_boy

Crashy_Time wrote: »

As I said, betting on a house to pay out is just that, a gamble, especially now. Savings and investments pay out at the click of a mouse, no years of waiting around while prospective buyers bid your price down

I think your deluded, very few people are betting on a house to pay out, those that did that in the past are being found out by the new tax on interest relief in the BTL sector. There is a reason people say safe as houses. Prices are not rising at the moment, so far all ive seen is that means way less houses for sale, people are not needing to sell. You need people to be losing their jobs and a recession for houses to decrease, then of course the problem is yes house prices are cheaper but do you really want to buy such a massive asset with debt when your job is not secure..

So come on how many years have you been spouting about a crash? in that time how much rent have you paid and how much have prices gone up... I feel sorry for you, you took some really bad advice and now your stuck and you think your only chance is for prices to crash... Think is will you really buy at the bottom, calling the bottom is impossible just like calling the top.. Show me someone that can and ill show you a liar.

AnotherJoe

According to Crashy;
Rising house prices means it's a bubble and they will crash imminently.
Stagnant house prices mean the peak has been reached and they will crash imminently.
Falling house prices, however little, however localised, however short the period, mean the crash is happening right now .
An actual crash in houses prices means they will crash even more and you shouldn't buy yet.

There are actually no circumstances when Crashy doesn't think a crash is either imminent or we are at the start of one or if in one, that it wont get even worse. The worst kind of delusion, since whatever happens the theory comes ahead of all evidence and evidence is bent to fit the theory.

Crashy_Time

AnotherJoe wrote: »

According to Crashy;
Rising house prices means it's a bubble and they will crash imminently.
Stagnant house prices mean the peak has been reached and they will crash imminently.
Falling house prices, however little, however localised, however short the period, mean the crash is happening right now .
An actual crash in houses prices means they will crash even more and you shouldn't buy yet.

There are actually no circumstances when Crashy doesn't think a crash is either imminent or we are at the start of one or if in one, that it wont get even worse. The worst kind of delusion, since whatever happens the theory comes ahead of all evidence and evidence is bent to fit the theory.

Too complicated. Near zero rates were needed to keep the property market afloat, moving away from those rate levels sinks the market, it isn`t that difficult to suss out.

Crashy_Time

buggy_boy wrote: »

I think your deluded, very few people are betting on a house to pay out, those that did that in the past are being found out by the new tax on interest relief in the BTL sector. There is a reason people say safe as houses. Prices are not rising at the moment, so far all ive seen is that means way less houses for sale, people are not needing to sell. You need people to be losing their jobs and a recession for houses to decrease, then of course the problem is yes house prices are cheaper but do you really want to buy such a massive asset with debt when your job is not secure..

So come on how many years have you been spouting about a crash? in that time how much rent have you paid and how much have prices gone up... I feel sorry for you, you took some really bad advice and now your stuck and you think your only chance is for prices to crash... Think is will you really buy at the bottom, calling the bottom is impossible just like calling the top.. Show me someone that can and ill show you a liar.

"People are not needing to sell"? How do you know what people are needing up and down the country? If you can`t sell your house when you need to move you would have been as well renting, that way your life isn`t on hold until you find a buyer. Collapsing sales volumes show that more and more people are stuck with property they can`t sell, or to contradict your point above, the house isn`t going to "Pay out" what they expected so they take it off the market.

bobbymotors

Good old crashy.

Still deluded.
Still predicting an imminent crash
Still trawling the net for the slightest evidence

Still renting too....