Bad time to buy a house???

hazyjo

Also had a friend with several offers on her maisonette and she accepted an offer £4k over asking price.

Hainault/Chigwell border.

Market seems okay for now in London outskirts.

Haven't been keeping an eye locally. Next door has been up for 6 months or so, but I think that's more to do with the house than the area. All I keep seeing on FB groups are posts by people looking to move into the area.

Obviously other parts of the UK will be suffering far more.

Windofchange

Crashy_Time said:

We are nowhere near the point where accurate predictions can be made on this, all you are doing is waving your VI flag at the moment, nothing more.

Yet you seem to put yourself forward daily as being able to make accurate predictions? Which one is it? Nobody knows what is going to happen, or you and you alone do? 

Crashy_Time

Windofchange said:

Crashy_Time said:

We are nowhere near the point where accurate predictions can be made on this, all you are doing is waving your VI flag at the moment, nothing more.

Yet you seem to put yourself forward daily as being able to make accurate predictions? Which one is it? Nobody knows what is going to happen, or you and you alone do? 

Can you post links to some of my predictions and I will have a look and tell you.

Parking_Eyerate

Crashy_Time said:

Windofchange said:

Crashy_Time said:

We are nowhere near the point where accurate predictions can be made on this, all you are doing is waving your VI flag at the moment, nothing more.

Yet you seem to put yourself forward daily as being able to make accurate predictions? Which one is it? Nobody knows what is going to happen, or you and you alone do? 

Can you post links to some of my predictions and I will have a look and tell you.

Well in March 2015 you said “things are already changing IMO, next election is going to prove that I think”.
https://www.housepricecrash.co.uk/forum/index.php?/topic/203994-all-is-forgiven-mr-brand/
I don’t know what the 2015 general election supposedly proved but perhaps you could explain.
It’s also interesting to note that even though you recognised that you were part of an ‘HPC group mind fantasy’ five plus years ago you still seem to be unhealthily fixated. I think it’s genuinely amazing how much of your life you’ve spent being obsessed about house prices. I guess you must really enjoy it.

JamesN

The market is very quiet around where I am in a Warwickshire town. Very little is coming on the market and a lot of houses aren’t shifting in what is usually a high priced, in demand area. 

I don’t deny it is probably strong in other places too. But we are yet to see the economic shock from Covid. Furlough will wind down and that’ll set things moving downwards. We haven’t solved the problem we’ve just kicked the can down the road. Company’s will then have the bills to pay that have been deferred until the new year such as VAT. So cash will become tight for many very quickly. Some accounting firms are expecting upwards of 3m redundancies which is roughly 10% of the working population. I can’t see how house prices won’t drop at least around 10% in that time. Though most would probably expect at least a 20% drop. 

Crashy_Time

Parking_Eyerate said:

Crashy_Time said:

Windofchange said:

Crashy_Time said:

We are nowhere near the point where accurate predictions can be made on this, all you are doing is waving your VI flag at the moment, nothing more.

Yet you seem to put yourself forward daily as being able to make accurate predictions? Which one is it? Nobody knows what is going to happen, or you and you alone do? 

Can you post links to some of my predictions and I will have a look and tell you.

Well in March 2015 you said “things are already changing IMO, next election is going to prove that I think”.
https://www.housepricecrash.co.uk/forum/index.php?/topic/203994-all-is-forgiven-mr-brand/
I don’t know what the 2015 general election supposedly proved but perhaps you could explain.
It’s also interesting to note that even though you recognised that you were part of an ‘HPC group mind fantasy’ five plus years ago you still seem to be unhealthily fixated. I think it’s genuinely amazing how much of your life you’ve spent being obsessed about house prices. I guess you must really enjoy it.

Still not into it deeply enough to track someone`s posts from five years ago on another website! You really have got something to prove it seems? (not sure what though) Some quick questions for you - 
Do you think "things" have changed since 2015?
What is the relevance of Russell Brand challenging incompetent bankers to this discussion, do you think RBS did a good job maybe?
Can you find an actual PREDICTION that I have made and post it up?

Crashy_Time

JamesN said:

The market is very quiet around where I am in a Warwickshire town. Very little is coming on the market and a lot of houses aren’t shifting in what is usually a high priced, in demand area. 

I don’t deny it is probably strong in other places too. But we are yet to see the economic shock from Covid. Furlough will wind down and that’ll set things moving downwards. We haven’t solved the problem we’ve just kicked the can down the road. Company’s will then have the bills to pay that have been deferred until the new year such as VAT. So cash will become tight for many very quickly. Some accounting firms are expecting upwards of 3m redundancies which is roughly 10% of the working population. I can’t see how house prices won’t drop at least around 10% in that time. Though most would probably expect at least a 20% drop. 

Most will be hoping for a larger drop, but it if you bought in the 80`s it is firmly in your interest to get young workers borrowing to the absolute max to keep your house price high! Not sure the banks can pull it off this time though.....

Parking_Eyerate

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

Windofchange said:

Crashy_Time said:

We are nowhere near the point where accurate predictions can be made on this, all you are doing is waving your VI flag at the moment, nothing more.

Yet you seem to put yourself forward daily as being able to make accurate predictions? Which one is it? Nobody knows what is going to happen, or you and you alone do? 

Can you post links to some of my predictions and I will have a look and tell you.

Well in March 2015 you said “things are already changing IMO, next election is going to prove that I think”.
https://www.housepricecrash.co.uk/forum/index.php?/topic/203994-all-is-forgiven-mr-brand/
I don’t know what the 2015 general election supposedly proved but perhaps you could explain.
It’s also interesting to note that even though you recognised that you were part of an ‘HPC group mind fantasy’ five plus years ago you still seem to be unhealthily fixated. I think it’s genuinely amazing how much of your life you’ve spent being obsessed about house prices. I guess you must really enjoy it.

Still not into it deeply enough to track someone`s posts from five years ago on another website! You really have got something to prove it seems? (not sure what though) Some quick questions for you - 
Do you think "things" have changed since 2015?
What is the relevance of Russell Brand challenging incompetent bankers to this discussion, do you think RBS did a good job maybe?
Can you find an actual PREDICTION that I have made and post it up?

Other long-standing posters have pointed out your account name and history on HPC, I found it memorable because I find it difficult to comprehend that someone would be so single-minded about a bizarre online crusade for over a decade. The rest was easy, and all I did was answer a question you asked.
This said, I’m honest enough to admit that’s it  is true that I have more time on my hands than normal at the moment (I have less travelling and fewer chances to socialise). I accept that I could probably find something more enriching to do than read this forum but if you want to compare my sporadic activity to your four-a-day posting average for six years, all about one topic, then carry on if it makes you feel better.
So no, nothing to prove at all, just curious about what compels such activity.

I notice you didn’t answer my question but in the interest of being fair I will still answer yours.
1. 2015 was five years ago so five years have happened. I don’t know what you mean by “things” because you didn’t answer my question so I can’t answer in any greater depth.
2. I’m not particularly a fan of Russel Brand so I haven’t watched much of his material, and so I don’t know if he’s relevant or not. You seemed to think he was a good candidate for embodying the ‘HPC group mind fantasy’ though, so please feel free to clarify. 
3. You make predictions all the time when you ‘advise’ posters that they shouldn’t dream of buying or they will never get the price they hope to achieve for their property or that a mortgage valuation will come in under offer or that there will be glut of buy to let properties coming to the market or that people will be stuck in negative equity in “debt boxes” for the rest of their lives or that prices will never surmount previous highs etc etc etc.
Just because you might generally not be specific in terms of percentages and dates doesn’t mean that you haven’t been ‘predicting’ things for over a decade.
So, having answered your questions, can you state whether you think house prices have crashed since you joined this forum in 2014 and/or HPC in 2007? Also when and for how much, in general terms, did you sell your last property, and where was its general location? 

Scotbot

Parking_Eyerate said:

Crashy_Time said:

Parking_Eyerate said:

Crashy_Time said:

Windofchange said:

Crashy_Time said:

We are nowhere near the point where accurate predictions can be made on this, all you are doing is waving your VI flag at the moment, nothing more.

Yet you seem to put yourself forward daily as being able to make accurate predictions? Which one is it? Nobody knows what is going to happen, or you and you alone do? 

Can you post links to some of my predictions and I will have a look and tell you.

Well in March 2015 you said “things are already changing IMO, next election is going to prove that I think”.
https://www.housepricecrash.co.uk/forum/index.php?/topic/203994-all-is-forgiven-mr-brand/
I don’t know what the 2015 general election supposedly proved but perhaps you could explain.
It’s also interesting to note that even though you recognised that you were part of an ‘HPC group mind fantasy’ five plus years ago you still seem to be unhealthily fixated. I think it’s genuinely amazing how much of your life you’ve spent being obsessed about house prices. I guess you must really enjoy it.

Still not into it deeply enough to track someone`s posts from five years ago on another website! You really have got something to prove it seems? (not sure what though) Some quick questions for you - 
Do you think "things" have changed since 2015?
What is the relevance of Russell Brand challenging incompetent bankers to this discussion, do you think RBS did a good job maybe?
Can you find an actual PREDICTION that I have made and post it up?

Other long-standing posters have pointed out your account name and history on HPC, I found it memorable because I find it difficult to comprehend that someone would be so single-minded about a bizarre online crusade for over a decade. The rest was easy, and all I did was answer a question you asked.
This said, I’m honest enough to admit that’s it  is true that I have more time on my hands than normal at the moment (I have less travelling and fewer chances to socialise). I accept that I could probably find something more enriching to do than read this forum but if you want to compare my sporadic activity to your four-a-day posting average for six years, all about one topic, then carry on if it makes you feel better.
So no, nothing to prove at all, just curious about what compels such activity.

So, having answered your questions, can you state whether you think house prices have crashed since you joined this forum in 2014 and/or HPC in 2007? Also when and for how much, in general terms, did you sell your last property, and where was its general location? 

In the interests of balance, and because I also have less to do and spend more time  on here  than normaI, I would point out prices dropped in after 2007. They subsequently recovered, so anyone buying in 2008 would not have lost money  on their investment, would have increased the equity they own and wou,d have saved a shed load in rent. So a buy in 2007 would have been a good idea IMO

Mickey666

Parking_Eyerate said:

2. I’m not particularly a fan of Russel Brand so I haven’t watched much of his material, and so I don’t know if he’s relevant or not. You seemed to think he was a good candidate for embodying the ‘HPC group mind fantasy’ though, so please feel free to clarify.

He isn't relevant, except for those easily influenced by conspiracy theory nonsense.  He was just a pseudo-articulate attention-seeking comedian but he seems to have grown up nowadays.

https://www.joe.co.uk/life/russell-brand-on-what-went-wrong-with-his-foray-into-politics-143378