Losing momentum

mr.broderick

brit1234 wrote: »

Yes I own none.



I'll have to disagree with you and current released information goes against your stand unless you can back it up.

I also like to inform you that emotion takes part in my opinion to buy. It is purely down to hard cold mathematics, planning, patience and risk analysis.




That may be true if you have saved large deposits but I wouldn't count on equity in your other properties. I may also not wait to rock bottom as quality of life considerations are brought into my planning.

However with a large deposit all ready, a high payed job and a good credit rating I am strongly based to take advantage of the right time.

May the force be with you..................................
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Always...

abaxas

BTLNEWbie wrote: »

So how many properties do you own?
None?
Unless people need to sell, you aint gonna get your crash, that you so desperately want so that you can jump on board the housing ladder. You just sound so bitter and twisted, It must have really hurt when you realised that your ship had sailed.
Just remember when it hits your rock bottom we will also be buying up houses to add to our stock.
I wonder what that will do to your prices?

Sadly you don't understand what a market is.

A market is defined by buying and selling. The 'unless people need to sell' is irrelevant as there are people who have to or want to sell. If these people didn't exist there would be no market.

Next problem comes with 'Just remember when it hits your rock bottom we will also be buying up houses to add to our stock.'. Most people will simply be too scared to buy into the market or will have been drawn to other things (remembering your local mortgage adviser is the same person who sold you a pension in the 80s/90s). Buying at the bottom is always luck rather than skill.

Finally, we must factor in financing and cash flow, remembering you have no rights to further financing outside your original loan t&cs.

Good luck with your purchases.

ianmr65

brit1234 wrote: »

Sorry if the idea of debating an argument with evidence scares you but I will remain. I don't post on HPC, I post on other sites where I can challenge baseless comments.

Is the heat bothering you?

Come on lets have a little intelligent debate on the subject.

Yes strange the HPC'ers post in the main facts, and predictions from authoriatative sources.

The HPI's pull numbers out of the air, and go on anectodals.
It's like trying to debate theology with a Jehova's Witness.

Read the thread, in detail, nothing any HPI'er has posted is backed up by a shred of anything approching reliable evidence.

The problem is that many people reading this desperatly want there NOT to be a housing crash. In two camps.. Those who know there will, and it will be bad, and are hoping to talk the market up. And those who don't know enough, and will clutch at straws.

I'm really addressing the second group.

I desperatly want MK Dons FC NOT to be promoted to the 1st division. However I know that they will be.

I also know that there will be a serious price drop in Uk property. However much I or anybody else wants this not to be the case.

If you know it's going to happen you can plan, and may come through it. If you cling on to the belief that it won't, you will likely get into all sorts of difficulties. Especially if you buy a property now and fall into neg equity in a couple of months.

Not really a lot more i can add to this thread - i'm not debating with trolls.

My advice is not to engage with anyone on this board who insults you, or belittles your arguments with personal gibes, or irrelevant point scoring.

mr.broderick

ianmr65 wrote: »

Yes strange the HPC'ers post in the main facts, and predictions from authoriatative sources.

The HPI's pull numbers out of the air, and go on anectodals.
It's like trying to debate theology with a Jehova's Witness.

Read the thread, in detail, nothing any HPI'er has posted is backed up by a shred of anything approching reliable evidence.

The problem is that many people reading this desperatly want there NOT to be a housing crash. In two camps.. Those who know there will, and it will be bad, and are hoping to talk the market up. And those who don't know enough, and will clutch at straws.

I'm really addressing the second group.

I desperatly want MK Dons FC NOT to be promoted to the 1st division. However I know that they will be.

I also know that there will be a serious price drop in Uk property. However much I or anybody else wants this not to be the case.

If you know it's going to happen you can plan, and may come through it. If you cling on to the belief that it won't, you will likely get into all sorts of difficulties. Especially if you buy a property now and fall into neg equity in a couple of months.

Not really a lot more i can add to this thread - i'm not debating with trolls.

My advice is not to engage with anyone on this board who insults you, or belittles your arguments with personal gibes, or irrelevant point scoring.

You big fatty

neverdespairgirl

pickles110564 wrote: »

No Debt is an investment.
You would have known well in advance that you were going to Uni, should have made an effort to have loads in savings before you went.

That's a bit silly, in my opinion. Investing in education can indeed be a very good investmet.

I went, like many people, to Uni when I was 19. I had some savings by then, but far less than I needed to get through uni debt-free. It has proved a great financial decision.

neverdespairgirl

nollag2006 wrote: »

House prices round my area (Harpenden) are still rising sharply.

I think the recent slowdown is likely to be shortlived, thankfully.

According to the land registry figures via the BBC, last quarter showed a drop of 1.5% in your area. And, of course, the land registry figures lag and things have got crash-ier recently.

IveSeenTheLight

neverdespairgirl wrote: »

According to the land registry figures via the BBC, last quarter showed a drop of 1.5% in your area. And, of course, the land registry figures lag and things have got crash-ier recently.

The land registry does not cover Scotland from what I can see.

Another poster to this forum pointed out myhouseprice
http://www.myhouseprice.com/marketanalysis/AnalysisCharts.cfm

Looking at the graph they create, it shows Scotland as an average has dropped slightly.
When you look at individual areas, the graph looks much different.

I checked out my vested interest area and it has shown a drop from peak, but between Feb and Mar the prices rose. Check it out for yourself (I used Aberdeen)

Now I concede that I think this graph can also be taken with a pinch of salt, but everyone needs to realise there are regional variaitons.

The average is just that, an average. Prices will be affected (up and down) differently everywhere

JonnyBravo

ianmr65 wrote: »

Yes strange the HPC'ers post in the main facts, and predictions from authoriatative sources.

The HPI's pull numbers out of the air, and go on anectodals.
It's like trying to debate theology with a Jehova's Witness.

Read the thread, in detail, nothing any HPI'er has posted is backed up by a shred of anything approching reliable evidence.

The problem is that many people reading this desperatly want there NOT to be a housing crash. In two camps.. Those who know there will, and it will be bad, and are hoping to talk the market up. And those who don't know enough, and will clutch at straws.

I'm really addressing the second group.

I desperatly want MK Dons FC NOT to be promoted to the 1st division. However I know that they will be.

I also know that there will be a serious price drop in Uk property. However much I or anybody else wants this not to be the case.

If you know it's going to happen you can plan, and may come through it. If you cling on to the belief that it won't, you will likely get into all sorts of difficulties. Especially if you buy a property now and fall into neg equity in a couple of months.

Not really a lot more i can add to this thread - i'm not debating with trolls.

My advice is not to engage with anyone on this board who insults you, or belittles your arguments with personal gibes, or irrelevant point scoring.

What about your "magnum opus" just above that comment? :rotfl:

Or are you starting from...........

"Now"?
:rolleyes:

JonnyBravo

brit1234 wrote: »

Is the heat bothering you?

Come on lets have a little intelligent debate on the subject.

:rotfl:

I think you'll find you get what you deserve. Your posts often involve your love of big crayons so I think you'll get cartoon answers in return. :rolleyes:

LillyJ

neverdespairgirl wrote: »

That's a bit silly, in my opinion. Investing in education can indeed be a very good investmet.

I went, like many people, to Uni when I was 19. I had some savings by then, but far less than I needed to get through uni debt-free. It has proved a great financial decision.

I agree neverdespairgirl. To save £49k before I went to uni would be impossible.

I went at 17, and how I was supposed to save enough to pay for my living costs for 6 years I don't know. I had a paper round from age 13 then from 15 worked in a shop and washing up in a pub. But 2 years of that sort of work cannot allow you to save fees, rent, food, bills, travel costs to uni, mobile phone, books, etc. for 6 years. Suggesting I live off £7k per year inc fees, (and rent) which to be honest is pushing it, then that would suggest I would have had to save £49 before the age of 17. It's just not going to happen is it???

I also worked at uni part time, including pub work, nursing auxillary, army cadets, babysitting, etc. but it isn't enough to live on when you factor in rent.

Before people start saying "why do you need £9k to live off per year" you have to take fees off that, and if most of you can live off less than that per year then I would love to know how as I was really frugal.

However I am not complaining as it was the best thing I could have done, and my student debt is hardly debilitating, I don't even notice it going out of my account. I am earning more than I ever could if I had not gone to uni, with wages going up all the time.

So my student debt really was an investment in my future.