"it's different this time" favourite bull quotes

CB1979_2

well done the "predictions" for the last 4-5 years have come true! :rolleyes:

so i can start saying prices are going to rise for the next 4-5 years HOPING to be right, then i can come on here and say "ha told you so"

get real

it's hardly a pat on the back for predicting house prices reducing when it took 4-5 years, now if out of the blue it happened i would be saying well done, but for now, you don't even get a blue peter badge for stating the obvious.

only thing it took ALOT longer than you [STRIKE]hoped[/STRIKE] "predicted".

i take it, you'll never buy a home as it's obvioulsy a very risky thing to do

carolt

Well then, hopefully, Innocenti, you are the exception that proves the rule.

I'm older than you, but holding off buying as the ludicrous mortgage we would have to get to buy the rubbishest of 3 bed houses ( we need at least 3 beds as have 3 kids) does not seem like financial security for my family to me. I'd rather rent, and at least I'm losing nothing more than the monthly rent - I'm not risking negative equity.

Maybe if I could afford to buy my dream house now, I'd join you and just not read the papers/look in any estate agents' windows for about 5-10 years, so I didn't upset myself too much....

Seriously though, hope it all works out for you. I know the waiting game can be hard.

m00m00

Bull Bingo :

"It's different this time "
"missed the boat"
"prices won't crash in my area because ...."
"demand is still high because of immigration/lack of supply"
"prices will never fall below XYZ figure"
"renting is dead money"

chappers

CB1979 wrote: »

well done the "predictions" for the last 4-5 years have come true! :rolleyes:

so i can start saying prices are going to rise for the next 4-5 years HOPING to be right, then i can come on here and say "ha told you so"

get real

it's hardly a pat on the back for predicting house prices reducing when it took 4-5 years, now if out of the blue it happened i would be saying well done, but for now, you don't even get a blue peter badge for stating the obvious.

only thing it took ALOT longer than you [strike]hoped[/strike] "predicted".

i take it, you'll never buy a home as it's obvioulsy a very risky thing to do

Exactly the [strike]bears[/strike]timid ditherers amongst us were actually saying this as long ago as 6 or 7 years and many who bought their houses that long ago have seen them double in value and those who bought upto 2 years ago have also seen decent rises in value.
Now I don't see that as stupid bullish attitude I see that as sensible, to buy at the bottom of a rising market.

Now when we bought our house 10 years ago we had saved a nearly 20% deposit and we were stretching ourselves to the limit, a small rise in interest rates would have seen us struggling, so to protect ourselves from that we took a decent length,5 year fixed deal (as it happened interest rates fell during that period, but hey ho at least we knew we were secure).

Bleating on about how unfair it is that the bulls talked up the market and have left the joe in the street in the 5hit is itself bolloxxxxxxx .
Whilst as a human being I feel sorry for anyone who may face repossession of their home, nobody forced these people to take out 100-125% mortgages on 6,7 or even 8 times salaries on stupid 2 year deals(without any consideration as to what might happen after that). When we bought our house we took advice from everywhere we could before making an informed decision and deciding to buy.
"Fools rush in.....etc" and in this case many with blinkers on

CB1979_2

woah there, i never claimed to buy at the right time.

it was the right time for me and my circumstances, didn't try to play the market or anything like that and don't try to pretend i did either! lol

my flat has "gone up in value" by about £50k (from £167k) possibly more in less than 2 years.

everyone (well most) know that prices cannot be sustained at the high levels, etc. so i just don't see where there's praising yourself for "predicting" something that was obvious & invitable but took 4-5 years (possibly longer) to come true.

it just makes me wonder with all these people hoping for a housing crash, would they also be hoping for increase of interest rates & HPC if they actually owned a place?

also if it's such a bad "investment" i assume when (if) houses become affordable will they not bother buying one, as "they'll come down again soo, you mark my words".

i'm neither a bear or a bull in respect of my "allegiance", as to be honest i don't care too much about it.

my house price crashes and ends up being valued @ £100k? not a problem i'll go and buy a couple more with some savings i've got.

interest rates rise too high i can no longer afford my payments? not a problem my savings are increasing, i'll pass them onto a member of my family and declare myself bankrupt.

there's a lot more important things in life than hoping for house price increase/decrease, and every little bit of news for & against being picked up on as "the turning point".

anyway enjoy the evening and hope the housing market does whatever you need it do for you

chappers

Absolutely CB1979 I really don't care a damn what happens to the value of my HOME, however my development house thats a different matter, but it's all about buying at the right price for you and knowing that you are within your means to carry out your plans succesfully.

pickles110564

hgllgh wrote: »

dream on pickles. The problem is wages aren't catching up, if anything they are stagnant or going down due to the state of the economy/credit crunch etc.

Well you are clever, we just settled on 4% pay increase, our wages aint going down far from it.

mr.broderick

Innocenti wrote: »

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??

This post should be framed. In all the years of visiting here It is the best post i've ever read.
Not even received a thankyou and been ignored by the hpc nutters who are ruining(running) this forum.

Pobby

Just a little bit of history here.I bought at the age of 25 many years ago.Cap in hand to the building society.That was the days of high inflation.Price,£10,000(had I bought a couple of years earlier it would have been much cheaper).Joint income I think was about 4k a year.5 years later joint income was about 18k,pre tax.Promotion,but mainly house PLUS wage inflation.Now there is the difference.

Dumb as house inflation and very little wage inflation.

Vincenzo

hgllgh wrote: »

dream on pickles. The problem is wages aren't catching up, if anything they are stagnant or going down due to the state of the economy/credit crunch etc.

How many posts are going to call the market crash before it happens??? Sure things are not looking great right now. But let's look at the US market, if I listed all the economic problems that the US would have today, say 3 years ago, how much would you have predicted US house prices would have fallen by today?

20%, 30%, 40%???? Well the last figures I saw were 10% and remember that is a market average. Some will have fallen far more, some far less, and some will have risen. And while nobody knows the extent of the credit crisis I suspect there have been an awful lot of write downs on the pesimistic side. Remember these are based on sentiment - no one knows the true extent of the 'bad debt' at present. What would you do if you were a bank right now??? bear or bull? Bear of course! Why not write down profits while you have them, in the hope that you can 'find' them again later! The real worry here is that they talk the markets into doing the very thing they fear.

There are lots of reasons that house prices have risen so much in recent years, some sustainable, some not so much. But even the most pessimistic of bears are only predicting 20% - 30% falls in the UK. The US isn't even close to that yet. The vast majority of us could easily withstand 10-20% falls. 30% will make make a few more nervous but give it 2-3 years and the recovery in the economy will start to show through and all this will be forgotten.....

Incidentally the yields on BTL are becoming more attractve by the day. Provided you can get finance, now may be a good time to start looking. With nervous and motivated sellers out there, prices are beginning to look keen. Couple that with nervous buyers happy to rent longer term and rents in many areas increasing and I am sure some of you, at least, can see there maybe the odd opportunity showing its face in the not too distant future....