"it's different this time" favourite bull quotes

hgllgh

The debate has been raging on this forum for years and finally it is now looking almost certain that the bears have been right all along whilst the blinkered bubble blinded bulls foolishly carried on feeding the frenzy.


For the past few years my whole family have implored me to buy and couldn't understand my refusal to even though I could have. I would have been pushing myself to the limits and would now be facing the prospect of negative equity in a poky one bedroom flat. (great situation for me and my girlfriend if we had a kid) they are now strangely reflective when the subject comes up :rolleyes:

Thought it might be fun to pick out some posts/quotes from here or other forums or the media to show how foolish they look now... feel free to post yours :T

This one was from housebuyer_abc in september 2007
" Many people can afford to buy a house these days, thats why building firms are making record profits and estate agents are still opening new branches everywhere"
.

Neil._3

I must admit when my brother moved back from Hong Kong last year and refused to buy I mocked the idea of him renting and not buying ..........now I am looking to do the same !!!

RabbitMad

For the past few years? If you'd have bought about 3 years ago you would have seen a healthy % increase in price and would now be pretty certain that even the biggest predicted falls of 30% wouldn't wipe you out.

Obviously there will be some impact on the housing market but will we see a crash? Only time will tell.

dannyboycey

Poking fun at others misfortune = not a good idea.

Lets have a bit of decorum.

abaxas

"You Reap What You Sow."

Sammz

RabbitMad wrote: »

For the past few years? If you'd have bought about 3 years ago you would have seen a healthy % increase in price and would now be pretty certain that even the biggest predicted falls of 30% wouldn't wipe you out.

Obviously there will be some impact on the housing market but will we see a crash? Only time will tell.

I agree. I bought for £55k in Nov 2005. Got to £125k last month. Don't expect it to go higher but it certainly won't drop below £55k.

dannyboycey

Sammz wrote: »

I agree. I bought for £55k in Nov 2005. Got to £125k last month. Don't expect it to go higher but it certainly won't drop below £55k.

You're probably right but I wouldn't discount the possibility totally. It could get close...75K...80K.

pickles110564

hgllgh wrote: »

Thought it might be fun to pick out some posts to show how foolish I look now... feel free to post yours :T

You and Squatnow are the foolish ones always wanting to laugh/highlight others mis fortunes.
I believe that what abaxas has said " You Reap What You Sow. " when you lot keeping gloating in others misery something will happen to you but I bet you wont come back to share it so others can have a laugh on you.

pickles110564

dannyboycey wrote: »

You're probably right but I wouldn't discount the possibility totally. It could get close...75K...80K.

Yeah but good job they will still be in profit, prices may never reach the dizzy heights that they have just been but in the long run when wages catch up prices will start rising again.

Innocenti

I know I am a newbie to all this but does it really matter how much house prices drop if you are buying for a home? My offer on a house has just been accepted and I dont care if the value drops £30,000 after I buy it as I want to live in it for years, I want it as a home for my children, not to sell in a couple of years and make a profit.

We have rented in years and I hate the uncertanty and not feeling secure as your home is not yours and you could have your agreement cancelled at any time.

I just want to buy a house to live in and call my own. Why is that so bad??

hgllgh

RabbitMad wrote: »

For the past few years? If you'd have bought about 3 years ago you would have seen a healthy % increase in price and would now be pretty certain that even the biggest predicted falls of 30% wouldn't wipe you out.

Obviously there will be some impact on the housing market but will we see a crash? Only time will tell.

That's certainly not the case where I live. Overpriced 1 beds in west London haven't gone up much at all in the past few years so I wouldn't have made much if anything and would indeed be looking at negative equity. Any gains made over the three years would more than likely be wiped out.