Own up. Do you regret it

meanmachine_2

kinster wrote:

god.. don't you hate people with their 'entitlement' mentality? Also, they need to prove to homeowners that property prices have dropped to make them feel better about themselves? what's the point? prices go up and down... do you see homeowners starting threads at the peak saying "how much is your property worth?"

Yes.

During the last 8 years they were always banging on about how "considerably richer than yooow" they were.

Boot's on the other foot. But glad that homeowners are FINALLY conceding that prices can go down as well as up.

Phew. That wasn't too difficult, was it?

Oh, down again in September, by the way - 0.2%

kinster_2

meanmachine wrote:

Yes.

During the last 8 years they were always banging on about how "considerably richer than yooow" they were.

Boot's on the other foot. But glad that homeowners are FINALLY conceding that prices can go down as well as up.

Phew. That wasn't too difficult, was it?

Oh, down again in September, by the way - 0.2%

There you go again? Didn't you mention in another post that you 'earned' more? That's the kind of thing I'm on about? It's about working smart not working hard...

Anyways, even though property prices have gone down. Doesn't that mean it's a better time to go buy and get a good price?

John_M_Business

Unlike you to use a Nationwide survey... Or are you advocating that we just try to find the survey that suits our argument best?

I think if you can be bothered to look back at the discussions of 6 months ago to a year, most people were of the opinion that prices could go either way, whereas some ... cough, cough, were talking about a significant correction (i.e. 20% within a year).

Er, the goalposts are now over there

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>

meanmachine_2

My opinion changes from month to month based on the latest data.

To not change your opinion is the sign of dogmatic bull-headedness.

Which a lot of homeowners seem to display.

I find it funny that, a few months ago, people on here were screaming at me, shouting me down and arguing that prices never drop. Those were THEIR words not mine.

Well they do drop, and yes they do go up. But after 8 years of "going up" are they going to keep going up?

Probably not.

So the best moneysaving advice for FTBers surely has to be "wait and see". Don't you think?

Bestthingsinlifearefree

meanmachine wrote:

My opinion changes from month to month based on the latest data.

To not change your opinion is the sign of dogmatic bull-headedness.

Which a lot of homeowners seem to display.

I find it funny that, a few months ago, people on here were screaming at me, shouting me down and arguing that prices never drop. Those were THEIR words not mine.

Well they do drop, and yes they do go up. But after 8 years of "going up" are they going to keep going up?

Probably not.

So the best moneysaving advice for FTBers surely has to be "wait and see". Don't you think?

Hi Meanmachine if you want to keep paying of your landlords mortgage fine good luck to you but most people agree renting is dead money.

In the next year prices might go up or down or stay the same. You might keep waiting and seeing for 2005, and 2006 , and 2007 and finally when you do get confident to buy in 2008 or whenever the day after you move in suddenly prices drop by 20% !!!!!!!


most people just get on with it and people who have bought in 2002,2003,2004,2005 as long as they are paying there mortgage and are not looking to sell. House prices are irrelevant to them.

The only ones who seem obsessed with / worried about house prices are nervous renters like you !!!!!!! Scared to buy in case prices fall ..scared not to buy in case they rise.

Once you buy you tend to be more chilled out paying your mortgage every month it is just the same as when you pay rent but instead of paying of some one elses mortgae you are buying your OWN house.

But mean machine if you are worried about the market keep renting for a few more years until you feel more comfortable and stop being obssessed by house prices.Its clearly not the right time for you to buy as you personally are not ready / confident etc.

However figures released today show approval for new monthly mortgages are up to around 120,000 from 80,000 earlier in the year. So it seems most people are pretty confident about the market.

P.SMean Machine YOU SAY YOUR OPINION CHANGES MONTH TO MONTH. MY OPINION ALWAYS STAYS THE SAME. LONG TERM RENTING IS ALWAYS A WASTE OF MONEY COMPARED TO LONG TERM BUYING.

lush_walrus

meanmachine wrote:

My opinion changes from month to month based on the latest data.

To not change your opinion is the sign of dogmatic bull-headedness.

As much as I want to stay silent on the house debates, Im sorry but I couldnt resist this one, gave me the biggest laugh in months!!! Couldn't agree more with the second statement, but Meanmachine when have you had any other opinion other than house prices are going to fall? Ok the amount they will fall you may well have varried, but I definately havent read one single post where you have said anything other than doom doom doom for house prices and how you are rubbing your hands with glee at the downfall of all those houseowners who have recently brought houses!!!

Bestthingsinlifearefree, I couldnt agree more with you!! If renting really is the way forward for people, then why do people progress from renting to buying but only in very very rare situations do people go from being a home owner to renting long term? Simple really renting is dead money and not a preferential way of life!

Bestthingsinlifearefree

Hi Meanmachine,

Here is some bedtime reading for you.

Over a 25 year period a HO will pay £111,000 less than a renter for a like for like property and of course the home owner gets to keep the house as well and the renter gets nothing.

http://www.moneyweek.com/article/1316/investing/other-viewpoints/ce-renting-cheaper-buying.html


Long term renters always lose, it a risk buying a property but long term renting is always greater risk.


It does not matter whether you buy in 2000 or 2005 or 2010 the moral of the
story is that in the medium to long term renting is always a mugs game and dead money.

wibble68_2

lush_walrus wrote:

19-09-2005 - Anyway, like I say I’m off out of any type of housing market discussion on here now.

lush_walrus wrote:

29-09-05 - As much as I want to stay silent on the house debates, Im sorry but I couldnt resist this one, gave me the biggest laugh in months!!!

After 10 days of lurking in the background thanking people for talking up the market the Walrus surfaces.

meanmachine_2

Aah, I always manage to coax The Walrus out of retirement...


And notice how the Estate Agents on this board have a habit of thanking each other.

Keeping talking it up boys. You're doing a grand job.

By the way, did you see the front page of today's Indy? Yikes....

Woby_Tide

wibble68 wrote:

After 10 days of lurking in the background thanking people for talking up the market the Walrus surfaces.

fair play though, 10 days was a good stretch compared to meanmachines "last word on the matter" on the 26th, a paltry 3 days 'silence' from the red corner, no staying power