Cash buyers

Crashy_Time

Davesnave wrote: »

Crashy knows the answers better than most ; he's just using the thread and asking naive questions in the belief it furthers his agenda.

However, I'm not sure that it does, other than imply that a house none of us knows is on sale at a price which hasn't so far generated a quick enough sale for the purposes of the person selling.

If the market hadn`t been so distorted with too cheap credit, and the subsequent overly enthusiastic belief in property as some kind of cash machine these companies couldn`t exist, they prey on people`s desperation to get out of bad deals IMO.

Davesnave

There will always be bad deals and unfortunate circumstances, Crashy.

I know local couple who live in a cottage which some folks might call quaint, but I call it damp, dingy and rickety. The garden floods and they have someone else's trees blocking most of the views and a good deal of the sunlight. It's at a pinch point in the road too, so vehicles have hit it on occasions.

Now, these elderly people are in sudden failing health, the roof needs expensive repair and being in a fairly isolated spot has lost its appeal. Winter is approaching......

This sort of scenario is being played-out in different forms all over the country. The house we live in now was sold in a hurry at a knock-down price by 'highly motivated' sellers. They didn't get themselves into a pickle because of cheap credit; they were where they were because one of them went to jail.

You can't blame the bankers for everything.

ReadingTim

diggingdude wrote: »

To be fair to Crashy, I asked him last Saturday's lottery numbers yesterday and he got most of them right

Really? He's been predicting exactly the same numbers for years now, and not one of them has ever been right, even with hindsight.

Compared with Crashy's accuracy, a broken clock is on an amazing winning streak...

Crashy_Time

Davesnave wrote: »

There will always be bad deals and unfortunate circumstances, Crashy.

I know local couple who live in a cottage which some folks might call quaint, but I call it damp, dingy and rickety. The garden floods and they have someone else's trees blocking most of the views and a good deal of the sunlight. It's at a pinch point in the road too, so vehicles have hit it on occasions.

Now, these elderly people are in sudden failing health, the roof needs expensive repair and being in a fairly isolated spot has lost its appeal. Winter is approaching......

This sort of scenario is being played-out in different forms all over the country. The house we live in now was sold in a hurry at a knock-down price by 'highly motivated' sellers. They didn't get themselves into a pickle because of cheap credit; they were where they were because one of them went to jail.

You can't blame the bankers for everything.

Denying that cheap credit with too low interest rates for too long has made a property bubble is just a pointless debate IMO, everyone and their EA knows it, you know it, and I know it

Crashy_Time

ReadingTim wrote: »

Really? He's been predicting exactly the same numbers for years now, and not one of them has ever been right, even with hindsight.

Compared with Crashy's accuracy, a broken clock is on an amazing winning streak...

I predicted Trump, Brexit, and that housing transactions would take a nose dive before the inevitable awakening that prices also need to crash