House Price predictions

lisyloo

Crashy_Time wrote: »

Yep, and Brexit is shaping up to be "disorderly" as well?

We hae had the threat of bird flu/swine flu, terror attacks, brexit vote, trump vote and yet we keep calm and carry on.
The fundamentals are that prices keep going up because lots of people want to live here and we aren't building enough houses.
Since the brexit vote fewer europeans have come but net migration is still up.

I would advise the OP to buy and not try to time the market if buying a home for the long term and the major things to think about are job security (employability not current job), location that is good for future possibilities e.g. commuting, health and good financial planning. There are risk but in general things work out and fortune favours the brave not those sat on the sidelines criticisig.


Personally I don't take great pleasure is laughing at those not doing so well, but the people who've been predicting a crash are middle-aged men, sat in crummy bedsits without a girlfriend haveing a onesome.

HPC_Ghuol_Hunter

I am seriously concerned; Crashy has gone offline.

Will we hear from him again? Will he ever move out that Sc u n thorpe bedsit?

These questions need answered.

westernpromise

lisyloo wrote: »

the people who've been predicting a crash are middle-aged men, sat in crummy bedsits without a girlfriend haveing a onesome.

Harsh, but fair.

Although if you live in a bedsit there may not be room for a menage à any more than un.

51mm5

Crashy does not visit this board anymore and spends all his free time trolling the House buying and selling board. He usually targets threads where a seller may have difficulty selling cause then it justifies his worldview that houses are not selling anymore, due to an imminent crash. His current focus is low sales volumes apparently price doesn!!!8217;t matter anymore

Crashy_Time

lisyloo wrote: »

We hae had the threat of bird flu/swine flu, terror attacks, brexit vote, trump vote and yet we keep calm and carry on.
The fundamentals are that prices keep going up because lots of people want to live here and we aren't building enough houses.
Since the brexit vote fewer europeans have come but net migration is still up.

I would advise the OP to buy and not try to time the market if buying a home for the long term and the major things to think about are job security (employability not current job), location that is good for future possibilities e.g. commuting, health and good financial planning. There are risk but in general things work out and fortune favours the brave not those sat on the sidelines criticisig.


Personally I don't take great pleasure is laughing at those not doing so well, but the people who've been predicting a crash are middle-aged men, sat in crummy bedsits without a girlfriend haveing a onesome.

You sound quite angry, almost like you bought in London or something? :rotfl:

lisyloo

Crashy_Time wrote: »

You sound quite angry, almost like you bought in London or something? :rotfl:

My mortgage ends in 4.5 months.
I've had enough to pay it off for several years, but as it's been such a low rate (0.99%) I've been stoozing and making a profit on the mortgage (at one point it was £8K profit per annum).


We decided not to buy in London. That decision was mainly due to contractual length of work rather than anything to do with the property market and also the fantastic opportunity of 45.8% relief on my salary sacrifice pension (20% tax + 12% NI + 13.8% employers NI) as opposed to CGT and extra stamp duty on second property.



Looking to retire much earlier than expected so I feel not buying in London was the right choice after all.


Not sure how you read angry into that.
Very happy with my life and circumstances and looking forward to retiring earlier than expected (55 hopefully) as a twosome.

Malthusian

Gwendo40 wrote: »

The trouble with the debate boards is they are dominated by a small but very vociferous group of posters who are very heavily invested in property (both financially and emotionally) so you don't really tend to get a balanced debate or impartial opinion.

And the Savings and Investments boards are dominated by people with savings so you don't tend to get a contrary opinion from people who spend all their money on online poker.

And the Marriage and Families boards are dominated by people with families so you don't tend to get a contrary opinion from people who think that having children is environmentally selfish and everyone should stay childless and live their own life.

And the Motoring board is dominated by people with cars and lacks contrary opinions from anti-car cycling fanatics.

Etc.

You are making the old BBC mistake of thinking that if you are interviewing a security expert about a terrorist attack, you also have to have a terrorist sitting next to them explaining why the infidels deserve to be slaughtered, for "balance". See https://en.wikipedia.org/wiki/False_balance.

caronoel

lisyloo wrote: »

Looking to retire much earlier than expected so I feel not buying in London was the right choice after all.


Not sure how you read angry into that.
Very happy with my life and circumstances and looking forward to retiring earlier than expected (55 hopefully) as a twosome.

Don't talk to Crashy about retirement.

Like many things, he is an expert on it.

Crashy's retirement occurs every night when he retires with a microwave curry, couple of cans of strong brew and a copy of Razzle in his rented bedsit. Sounds delightful.

Crashy_Time

lisyloo wrote: »

My mortgage ends in 4.5 months.
I've had enough to pay it off for several years, but as it's been such a low rate (0.99%) I've been stoozing and making a profit on the mortgage (at one point it was £8K profit per annum).


We decided not to buy in London. That decision was mainly due to contractual length of work rather than anything to do with the property market and also the fantastic opportunity of 45.8% relief on my salary sacrifice pension (20% tax + 12% NI + 13.8% employers NI) as opposed to CGT and extra stamp duty on second property.



Looking to retire much earlier than expected so I feel not buying in London was the right choice after all.


Not sure how you read angry into that.
Very happy with my life and circumstances and looking forward to retiring earlier than expected (55 hopefully) as a twosome.

You advise people to buy and try to talk down people that say we are due a crash, so my deduction is that you fear a property price crash and will be very angry when it happens :rotfl:

chucknorris

Crashy_Time wrote: »

You advise people to buy and try to talk down people that say we are due a crash, so my deduction is that you fear a property price crash and will be very angry when it happens :rotfl:

IMO it is actually you who fears a property crash the most Crashy, that is why you have resisted buying for about 20 years, and consequently missed out massively.