Own up. Do you regret it

FaTB

eurows wrote:

Is there anybody here who wishes they had not bought last year in the peak or now thinks they are in negative equity.

Or have you got an IO mortgage and wish you hadn't.

Or have you bought last year and now look at your repayments at the cost of holidays and a life and wish you hadn't.

Truthful answers only please

Fair question, but maybe a little early at the moment, I would ask again in about 12 months time.

But can't exactly see people queueing up to admit they were sucked into the biggest property bubble ever, just before it burst.

asandwhen

Its funny people on here always say house prices are going down -

THEY ARE NOT - THE RATE AT WHICH THEY ARE RISING IS GOING DOWN - STILL UP 2% ON THE YEAR IN TOTAL -

STILL LOWEST UNEMPLOYMENT FOR 20 YEARS - INFLATION IS 2% NOT FAR OFF BANG ON TARGET (slightly higher due to fuel costs) - INTEREST RATES ARE STILL VERY LOW COMPARED TO THE EARLY 90s (15% :eek: )-

DEAL WITH IT AINT GONNA HAPPEN - WE ARE IN THE SAME PLACE WE WERE A YEAR AGO!

GDB2222

This bubble has been a long time bursting, though. Just maybe it's sustainable?

I used to think like you fatb, but I am wondering whether the changes to bank lending practices will keep the whole show on the road, perhaps even indefinitely, with prices coasting along.

If prices do drop say 10%, then I would expect a snowball effect, with buyers simply not buying until prices have dropped a lot further. But, that 10% drop has not occurred, so maybe we are all in for a soft landing after all??????? Fingers crossed.

asandwhen

1 other thing the high street spending is not down again the rate at which it is rising is down.

Dee123_2

FaTB wrote:

It must be nice in your little world !!

Can you tell me what you base this assumption on ?

Where is the money gonna come from to fuel this new boom ??

Pension funds and the FTB's who will have been lurking and saving for the previous 18 months, waiting to see what happens.

I'm entitled to my opinion.

isayoldchap

asandwhen wrote:

Its funny people on here always say house prices are going down -

THEY ARE NOT - THE RATE AT WHICH THEY ARE RISING IS GOING DOWN - STILL UP 2% ON THE YEAR IN TOTAL -

STILL LOWEST UNEMPLOYMENT FOR 20 YEARS - INFLATION IS 2% NOT FAR OFF BANG ON TARGET (slightly higher due to fuel costs) - INTEREST RATES ARE STILL VERY LOW COMPARED TO THE EARLY 90s (15% :eek: )-

DEAL WITH IT AINT GONNA HAPPEN - WE ARE IN THE SAME PLACE WE WERE A YEAR AGO!

asandwhen
Please don't shout.

isayoldchap

FaTB wrote:

It must be nice in your little world !!

Can you tell me what you base this assumption on ?

The mainstream media is is turning more bearish everyday, unemployment is going up, as is inflation, as will interest rates next year, there is record personal debt, the high street and manufacturing is going into recession, and house prices have been dropping for approximately 1 year now.

Where is the money gonna come from to fuel this new boom ??

FaTB
It's not fair.You turn up and spoil the party.Can't people have their dreams?Damn no election so no give away budgets.

Jake54

The media feeds on negatives,You look and listen to the news readers and how they Dramatize the bad events or how bad it may get. How else do they get to you to watch & read their news to get their ratings make their profits, and yearly back pating awards.

Newpapers: 'THE HEADLINES'
'MAJOR RECESSSION ON THE WAY'
OR
'HOUSING MARKET BOOMING'
OR
'JOBS MARKET INCREASE'

OR ONE REAL CRUNCHER

"INTEREST RATES TO RISE BY 1%"

Doesn't that last one send shivers :eek:

Yes the house prices and spending did go a little mad
A few prices are rising i.e fuel council tax.across the board
Another hurricane.

'But is it going to put all of you on the bread line'
'is it the end of the world'

You have to take the positive out of the negative.
Interest rates went down: So what if they went up. Yes some people may tighten their belt. but What, forever?

House market slowed down, not crashed

Some of you maybe right that there will be a recession.
And If you keep talking too negatively there will be.

High street sale slowed down. So has everyone had in their mind,
'Oh that's it, I'm never going to spend again'

What u all should have in your mindset is
steady as she goes It's a bit rough out there.
"IF" it becomes a storm we'll ride it out,
It's nothing new, we've been here before.
and we've had worse
THINK POSITIVE! :rotfl:

So all you Doom and Gloom Merchant's, Yes you "maybe" right, It "maybe" that we will have a recession.
Keep on wishing and thinking it,
And it will happen :mad:
So don't listen to all you hear.
THINK POSITIVE! :rotfl: :T :j :A :beer:

Mark7799

Spendless wrote:

I bought at the peak of the last boom-and was in negative equity within 12 months of ownership. No I never regretted buying. Sure it did create me problems especially when I met hubby and had son and house was too small for 3 of us, but it worked out in end and I eventually sold for a profit.

I was late 20s when I bought, and had had enough of living with my parents. It would have cost me more to have rented-so no no regrets.

Almost identical thing happened to me in the early 90s. I lost about £7k because of negative equity but still felt it was worth it - had five years living on my own till I met OH. Stayed clear of unmanageable debts - only problem was that the house took over a year to sell and quite a few reductions but until I sold we couldn't move on.

Woby_Tide

Is there anybody here who's glad they've bought a house? Anyone who thinks they are in negative equity, but maybe isn't so worried about it as they've realised it's a long term investment rather than short term gain?

Are you upset you aren't paying someone else's mortgage so they can own that house in years to come on the back of your outgoings?

Or do youl ook at your repayments at the cost of holidays and a life and wish you had that little bit extra in your pocket, but then realise that you can do what you like with your property and that no-one can end your tenancy or sell the property from under you and force you to move, so maybe some sacrifices aren't so bad on the face of it?

Truthful answers only please