Where did the bulls go?

Tozer

I think they report the facts though.

WTF?_2

Tozer wrote: »

What about the rent they would have paid? Rents seem to be heading up (supply and demand). I don't think the lot less £'s in a low interest environment is much of a reason to avoid buying.

As for capital price, I would love to have your foresight for purchasing at exactly the right time.

If oyu're buying a 'home' then no need to worry about purchasing at exactly the right time. Just make sure that you can fulfil the following criteria:

* Ensure you won't be going into negative equity (have a suitable deposit and don't buy into a sharply falling market)
* If interest rates are low, making a large loan seem 'affordable', don't assume they will always be so
* Make sure you can afford the repayments with a reasonable margin of safety. 3.5x salary, 2.5x joint salary is a good guideline.

chappers

PayDay wrote: »

Answer - The bear who said "oh no can't buy now houses are dropping" and paid 25% less than you did for the initial outlay of the property and a lot less £s in interest over the term.

Thats as may be but if house prices only fall 10% and that bear still misses the boat he will be the one complaining that it's the greedy bulls that stopped him getting his house.
An investment is only the right one depending on your personal circumstances. I'm glad i didn't wait in 1998 when everyone including my family told me I couldn't afford to buy a house.

zammo wrote:

Seeing as prices have already fallen 10% since the peak, a prediction of mid single figures is already way off. The market is crashing

Haven't seen that happening round my way, and I mean that out of observation and not out of optimism. Not saying they won't but during the last crash, prices where I live saw drops of a fifth of the national average.

PayDay wrote:

Who said anything about purchasing as the right time? I was talking about purchasing at the wrong time e.g. a falling market like we have now.

Obviously we would all like to buy at the very bottom of the market, but judging that is about as easy as predicting the top of the market.
If there is the potential to make money based on the current price over the intended life of your investment then why not get stuck in

mircea

Pobby wrote: »

Seems to me over the last 6 months or so our favorite property bulls have been getting pretty scarce on this forum.Whilst I and all the other property bears argued that there would be a sharp down turn in house prices the bulls argued that it wasn`t a property bubble.

Why don`t you come back and tell us it`s only a blip and in 6 months the market will be roaring away again.Can`t be that you have changed your minds,surely?

Fools' joy, wise men's worry.

mr.broderick

Pobby wrote: »

Seems to me over the last 6 months or so our favorite property bulls have been getting pretty scarce on this forum.Whilst I and all the other property bears argued that there would be a sharp down turn in house prices the bulls argued that it wasn`t a property bubble.

Why don`t you come back and tell us it`s only a blip and in 6 months the market will be roaring away again.Can`t be that you have changed your minds,surely?

Think if i was a bull i'd be happy to read this post and i'll tell you why.
If the market was crashing you wouldn't have posted this, you'd be busy scouring the websites looking for a nice house to negotiate hard on as there would probably be a lot about, as this is not the case you are here trying to flame some sort of argument...am i right pob ?

mr.broderick

Pobby wrote: »

Seems to me over the last 6 months or so our favorite property bulls have been getting pretty scarce on this forum.Whilst I and all the other property bears argued that there would be a sharp down turn in house prices the bulls argued that it wasn`t a property bubble.

Why don`t you come back and tell us it`s only a blip and in 6 months the market will be roaring away again.Can`t be that you have changed your minds,surely?

Tell you why pob cause after 200% gains over 5 years they sold up and are now sipping san miguel in mallorca this was my 2nd answer...

Jonbvn

Is Krusty dead yet, or do I need to go back into the bunker?

owitemisermusa

Jonbvn wrote: »

Is Krusty dead yet, or do I need to go back into the bunker?

You guys have a soft spot for her..

Krusty! what a name! :rotfl:

Come to think of it, all the grief she gets off this forum (and presumably others) makes me think she's the Nigella of property tv! Blokes salivating everywhere.

Jonbvn

owitemisermusa wrote: »

Come to think of it, all the grief she gets off this forum (and presumably others) makes me think she's the Nigella of property tv! Blokes salivating everywhere.

Puuuleeeease don't write such things. I've just had my breakfast!:eek:

dudleyboy

merlinthehappypig wrote: »

Actually I have watched a few episodes of property ladder lately, just to see 'developers' falling on their faces now that HPI isn't there to save them.

I've always been amazed at how many of the developers appearing on the show completely ignore the free advice of the property expert, sometimes making poor decisions... but then they always do well because of the HPI.

However, recently one developer expected to make a £77,000 profit and was told that if he went with the highest valuation he'd make a £10k loss, and if he went with the lowest he'd make a £30k loss. It was, quite frankly, hilarious.

Since this episode, all new episodes appear to be "repeat" or "clip" shows, presenting a developer from the property boom era and reporting just how well they've done over the past few years.

So why the change of format? Could it be that all the other developers they've been following recently have withdrawn their consent from the show due to huge losses and the fear of public/peer humiliation? Could it be that the programme makers have decided not to dwell on the truth about the property market, knowing that if they do prices could drop further, they could contribute to a crash by showing what's actually happening out there, and their long-running, profitable show will likely be cancelled?

Amazingly, Sarah B still says at the end of each episode "And if you'd like to appear on the next series of Property Ladder...".
C'mon Sarah, really...?

I can't help but think she's been pregnant during nearly every series over the past few years because she's giving herself something to do when the property boom inevitably goes bust and she's got a lot more time on her hands.