A hedge, just in case

triathlon

Crashy_Time wrote: »

Why have you not already got this, if you have been a landlord for years? You should have had all the "security in cash" you will ever need years ago.

If I totally sold up I would, as it goes since the late 1990's I have just grown and grown, I could have pulled out in 2007 with a huge cash pile, just not in my nature to sit on my backside though

triathlon

MobileSaver wrote: »

More expert financial advice from Crashy; the time to sell was two and a half years ago even though average selling prices have risen almost 5% since then! :rotfl:

You just cannot get any sense out of the man

He seems to think that anyone and everyone who invested in property will lose the lot :rotfl:

I personally agree with him that we MIGHT of just reached peak and it could well be too late to sell at peak now, and I know a number of investors who feel the same way, not all I might add. But does he honestly think prices are going to fall 50% overnight, and if they did by the way I would still make a good profit if I totally sold up. Just dropping my price by 10% would have dozens snapping at my heels right now, for heaven sake we have not even gone into YOY negative territory yet

AnotherJoe

triathlon wrote: »

I have that statement as far back as 2003 and probably for the 1000th time

Not regarding Brexit which from your post is your sole reason for selling ?

triathlon

AnotherJoe wrote: »

Not regarding Brexit which from your post is your sole reason for selling ?

There is several worrying scenarios in the making, not catastrophic, but just worrying. I supposed I would say the world economy, property prices getting close to being over priced, maybe, and Brexit, I am also a firm believer that the 2008 financial crisis has not been sorted yet as well.

Crashy is making one big silly mistake as usual, there are many people invested in property who are philosophical about the market like I am, we might have to take a haircut soon, but we knew it was coming at some point. I personally will have to be caught out big time to not walk away with a hefty sized profit, it is just not going to happen.

Crashy_Time

MobileSaver wrote: »

More expert financial advice from Crashy; the time to sell was two and a half years ago even though average selling prices have risen almost 5% since then! :rotfl:

Transactions have fallen though, that is the important part where people actually get paid for their house, the headline stats on average prices are meaningless to the average seller now.

MobileSaver

Crashy_Time wrote: »

Way too late, the time to sell was just before the Brexit vote

Crashy_Time wrote: »

Transactions have fallen though, that is the important part where people actually get paid for their house,

That is simply not true. Since before the Brexit vote transactions have remained absolutely constant at an average of around 100,000 every single month.

HMRC UK Property Transaction Statistics

Crashy_Time

MobileSaver wrote: »

That is simply not true. Since before the Brexit vote transactions have remained absolutely constant at an average of around 100,000 every single month.

HMRC UK Property Transaction Statistics

How much of that is new-builds bought with HTB (surely an endangered species as the publlc start to see high house prices for the nonsense they are)?

Newnoel

Crashy_Time wrote: »

Let us all know how you get on (I`m sure you will)

So how did you get on with your panic sale of your Edinburgh flat in the mid-90s, and living in a rented bedsit ever since?


Jealous much?

Zxcv_Bnm

Crashy_Time wrote: »

How much of that is new-builds bought with HTB (surely an endangered species as the publlc start to see high house prices for the nonsense they are)?

You tell us, it was your claim trx were down

Have you really been waiting 20 years for a crash

Why do you want to die in a ditch over house prices going down

It happens, but see then they go up again - and again - and again

You have to man up and pay it down

Won't take longer than you've already been waiting

triathlon

Newnoel wrote: »

So how did you get on with your panic sale of your Edinburgh flat in the mid-90s, and living in a rented bedsit ever since?


Jealous much?

For all his over the top happy hysterical emojis you can sense in no time at all the bitterness that comes across of calling the market wrong and living in bedsit land ever since. seriously, I am glad some people do not have my personal address.
Maybe the flat lining property market or small falls that are coming will over excite him once more, but to most of us it will be a slight dent in what are already massive profits, I can live with that.