Really confused about what I want :(

spoovy

Crashy_Time said:

London is showing us the future though...
https://www.property118.com/sadiq-khan-launches-property-licence-checker-for-tenants/

Crashy, yes we know, prices will come down, at some point and by some amount.  But when, and by how much?
What you do is the equivalent of telling everyone you meet that they're going to die.  Yes it may be true, but it's a totally banal statement unless you're also able to tell them when and how.

Salemicus

IMO the house is worth about 80k, that isn`t a prediction it is my opinion.

This might be the stupidest thing I've seen you write, and that's saying something.

There is a narrative in the financial media at the moment that good news on a vaccine is going to (and is) pushing up bond rates and will feed into higher mortgage rates, so IMO a vaccine means pressure on house prices and no vaccine means pressure (big pressure) on house prices.

No, very next sentence, we have a new winner. The perfect distillation of the illogic that is your worldview.

julicorn

Can people not just stop responding to Crashy? This was at least a moderately entertaining thread (sorry Dan, I do genuinely wish you well and hope you find a good solution to your problem) - until Crashy turned up again. Does he even still write those posts or does he have a bank of pre-written statements he can just copy & paste in here? It's like Groundhog Day. 

RelievedSheff

Crashy_Time said:

MFWannabe said:

My comments are based on facts unlike yours 🤷‍♀️

All that really counts is what a buyer will give you when you want to sell, everything else is just noise.

Including your nonsense noise.

RelievedSheff

julicorn said:

Can people not just stop responding to Crashy? This was at least a moderately entertaining thread (sorry Dan, I do genuinely wish you well and hope you find a good solution to your problem) - until Crashy turned up again. Does he even still write those posts or does he have a bank of pre-written statements he can just copy & paste in here? It's like Groundhog Day. 

It would far simpler for the moderating team to just put a permanent ban on Crashys many accounts.

RelievedSheff

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

MFWannabe said:

danlightbulb said:

theoretica said:
You need to make decisions on things as they are now and with and eye to how they might be in future, not looking to the past.

Yeah I get that but it has significantly moved the goal posts hasn't it. For whatever reason (and there were several), I didn't buy before and now the costs have risen substantially since then. Its not marginal changes, and its significantly altering both my ability to buy and my desire not to get fleeced.

So you’d rather get fleeced by paying rent and someone else’s mortgage 
👏👏👏👏

Rent is a cost, mortgage is a debt, if your landlord`s house drops in value it is unlikely to affect you very much, if your own mortgaged house drops in value (due to buying on the cusp of the biggest recession in decades at bubble prices perhaps?) you are stuck with a debt held against the place you live in, with maybe negative equity and a very illiquid asset that is hard to sell.
Taking out a 160k mortgage debt on a house that should cost 80k isn`t going to make you happy..........playing your piano might make you happy, having enough savings/investments to cover your costs for a few years might make you happy, being happy within yourself might make you happy, but a mortgage at bubble prices with rising mortgage costs? Nah. Hopefully down-valuations and rising mortgage costs are here to stay because that is going to reduce the size of the capital hard working money savers need to borrow going forward.

Mortgage is a debt that decreases and eventually becomes zero.

Rent is a rising cost that you will pay forever.

Mortgage rates are very low at the moment. When mortgage rates were in double figure people still bought and sold houses and house prices still rose. What makes you think anything will be different if rates rise again?

Rent isn`t a rising cost for many people, in fact it is a falling cost, especially so in recessions.

Rent isn't a rising cost?

On what planet are you living?

https://www.telegraph.co.uk/property/renting/londons-rental-market-freefall-putting-tenants-driving-seat/

The OP doesn't live in London and neither do the vast majority of people in the UK yourself and I included!

London is showing us the future though...
https://www.property118.com/sadiq-khan-launches-property-licence-checker-for-tenants/

Is it really?

https://www.homesandproperty.co.uk/property-news/london-house-prices-up-30000-lockdown-a140656.html

strawb_shortcake

Houses in my area are completely crushing Crashy's predictions. Houses in my road (and no I'm not giving out my postcode) have gone from £180 - £270k in 5 years. 
One house has been tidied up had the garden reduced by three quarters and sold for £50k more than it did 2/3 years ago. 
Houses are being sold STC within 2 weeks but usually within a week. New builds are a bit slower but the older more expensive houses are going quickly too

MFWannabe

annabanana82 said:

Houses in my area are completely crushing Crashy's predictions. Houses in my road (and no I'm not giving out my postcode) have gone from £180 - £270k in 5 years. 
One house has been tidied up had the garden reduced by three quarters and sold for £50k more than it did 2/3 years ago. 
Houses are being sold STC within 2 weeks but usually within a week. New builds are a bit slower but the older more expensive houses are going quickly too

👍 
Lets face it everything’s crushing Crashy’s predictions 😂🤣

julicorn

RelievedSheff said:

julicorn said:

Can people not just stop responding to Crashy? This was at least a moderately entertaining thread (sorry Dan, I do genuinely wish you well and hope you find a good solution to your problem) - until Crashy turned up again. Does he even still write those posts or does he have a bank of pre-written statements he can just copy & paste in here? It's like Groundhog Day. 

It would far simpler for the moderating team to just put a permanent ban on Crashys many accounts.

Yeah, but I've given up hope of that a long time ago. Would still be nice if this thread went back to Rightmove links for areas of the country I know nothing about, I'm oddly invested now!  

MFWannabe

julicorn said:

RelievedSheff said:

julicorn said:

Can people not just stop responding to Crashy? This was at least a moderately entertaining thread (sorry Dan, I do genuinely wish you well and hope you find a good solution to your problem) - until Crashy turned up again. Does he even still write those posts or does he have a bank of pre-written statements he can just copy & paste in here? It's like Groundhog Day. 

It would far simpler for the moderating team to just put a permanent ban on Crashys many accounts.

Yeah, but I've given up hope of that a long time ago. Would still be nice if this thread went back to Rightmove links for areas of the country I know nothing about, I'm oddly invested now!  

I know what you mean! I miss the posts of suitable properties! 
I really hope the OP is okay and things work out for him