I just want to hear one of them admit they called the property market so badly

triathlon

After 20 years and thousands of failed predictions from once thousands of posters at it's height who blamed or connected endless "black swan" events as the reason that a property crash was now on the eve of happening, has anyone ever heard just one of them admit that they had badly called it wrong and will continue to call it wrong.

Again they are screaming at the moon, some bursting into tears at the injustice of the Halifax data yet again showing the property market gathering momentum. This year I thought there was a 25% chance of a no more than 3% fall in property prices before, today I have stood down from that pessimistic outlook and at the weekend am looking at raising the rents to all my properties with the first one problem getting notice in Sept.

God I love this BTL rental game

Come on HPC.com, just admit you called it badly, have some guts.

Kentish_Dave

I can’t imagine caring so much about other people’s opinions. Have you no interest in getting a hobby instead?

Herzlos

I think you need to get a hobby.

Gwendo40

Kentish_Dave wrote: »

I can’t imagine caring so much about other people’s opinions. Have you no interest in getting a hobby instead?

He/she is beyond help.

Numerous people have tried advising the OP to seek help for their issues and their all consuming obsession with the property market and house prices.

It's just a desperately sad waste of a life.

MovingForwards

So that's more people who will be forced to live in vans then and blight your neighborhood!

AG47

Definitely needs to get a hobby

triathlon

That's five admissions then

PS .. We are on a website that discusses property, what would you have me talk about?, and Ironic I am being told to not be too interested in the subject from someone with posters with 1000's of posts on here and one with over 9,000

MovingForwards

Five admissions of what? I'm taking the Michael based on one of your other threads.

westernpromise

Completely miscalling the market explains the Count of Nowhere's rage. He sold to rent in September 2007:
https://forums.moneysavingexpert.com/discussion/comment/7307895#Comment_7307895

He then missed the window to buy back in, through sheer greed for a still-lower price presumably, and still hasn't done so. I don't know where in Northampton he lived, but prices have gone up 46% since mid-2009 and he's blown 12 years of rent.
https://www.zoopla.co.uk/house-prices/browse/northampton/?q=northampton

What makes me really queasy about crashtrolls' personal stories - Crashy's 130% BCR, TCON paying rent for 12 years - is that in the greedy attempt to time the market, these guys end up spending much of the duration of an entire mortgage term renting - and end up with nothing. If they'd been less greedy but also less shortsighted, they would have thought ahead over proper timescales, recognised this risk given that buying a house isn't like waiting for the January sales to buy your TV, and gone ahead and paid the price 12 or 23 years ago.

Nobody will admit they called it badly because to do so would involve admitting that they have ruined their own lives through greed.

Gwendo40

Admissions of what?

(I own my home, mortgage free btw)

Hectors_House

I used to read the house price threads/forums daily.

I could understand the anger but thought the crash folks were hoping for would only come about off the back of a societal breakdown so horrendous getting a cheap enough house would be the least of everyone’s worries.

I bit the bullet and bought in 2009 and am now mortgage free. I do feel sorry for anyone who has held off thinking prices would adjust.