Own up. Do you regret it

nelly_2

meanmachine wrote:

Forgive me woby, that's just your house I'm talking about.



No, I only refer to hometrack figures (England and Wales) as they fit my argument. The others I prefer to ignore until they come round to my way of thinking. :A

lol

For what ever reason, house prices go in peaks and troughs, and top of a peak is not exactly a good time to buy. Not rocket science.

michaels

FaTB wrote:

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.

Your arguement - demand is down, there is a recession, so interest rates will rise?

sooz

never regret anything that you cannot change

having said that, i regret selling my flat next to large cricket ground featured heavily in the news last week. could have made a fortune as large roof terrace and secure garage. oh well........made double my money in 5 years....could have made nearly the same in one week's rent over again.....

FaTB

michaels wrote:

Your arguement - demand is down, there is a recession, so interest rates will rise?

You conveniently missed the bit about inflation, and the record personal debt (ie - irresponsible lending),

Also the BOE's chief responsibility is to control inflation, not to worry about High st. retailers hitting targets, although you wouldn't believe it looking at their last decision on IR's. Think Gordons freinds on the MPC may have been something to do with that, as Mervyn King voted against a cut.

Woby_Tide

meanmachine wrote:

Forgive me woby, that's just your house I'm talking about.



No, I only refer to hometrack figures (England and Wales) as they fit my argument. The others I prefer to ignore until they come round to my way of thinking. :A

OK as suspected, you've lapsed back into the mentality that there are no regions in the UK. And after everyones hardwork to make you realise there were places outside London

Ian_W

Woby_Tide wrote: And after everyones hardwork to make you realise there were places outside London

"Metrocentric" [or "metro-excentric"?] might be the word you're looking for Woby?

Not too many takers, after 5 pages, for eurows original questions though I notice. Perhaps they've had to tighten their belts so much that even internet access has become too expensive? Perhaps they're just too ashamed to admit it? Or perhaps not too many are [yet?] in that situation?

How about another interesting question? Sparked by eurows comments on another thread:

eurows wrote: Your wrong. I have sold my house and now I wait. Not until everybody else starts buying. I wait until the house comes down in line with peoples earnings.

Is there anybody [else?] here who wishes they had not sold last year expecting prices to crash because they read it on housepricerashwatch.com , when they haven't [yet].

Or have you got the equity from your last property in savings earning about 3.5% after tax and wish you hadn't bothered.

Or have you rented in the last year and now look at your repayments and realise you're lining your landlord's pockets, who BTW wants you out next month, and wish you still owned your own home.

Truthful answers only please

eurows

Is there anybody [else?] here who wishes they had not sold last year expecting prices to crash because they read it on housepricerashwatch.com , when they haven't [yet].

I find it most interesting that some of you still think house prices have gone up this year. I know a few people who are in the process of buying (even though I have told them to wait) and they have all been offering between 10% and 20% less than asking prices and this is on some already reduced prices.

Some of you are in fantasy land.

If you bought between late 2003 to present there is every chance you may now be in Neg equity. You may of had the EA up and he told you any old rubbish to get you to sell but once it goes on the market then it's a different question.

Lots of houses in my area are reduced, any fool can see that, but then they don't get that price either. Next year will be worse.

The pension plan next year is another false dawn, most of us it does not affect and there is not enough that it does affect to make a difference.

Prices are heading down, you now have to work for your money.

Ian_W

eurows - you bit then! :rotfl:

Woby_Tide

eurows = meanmachine?


both making the same fundamental flaw of a national figure being applicable everywhere?

Ian_W

Nah, Woby, wrong tree to bark up that one, mate!!

MM is eurow's wiser, sager, more balanced elder bro. Same misconceptions that the world consists of LONDON, but MM is a much nicer, sweeter and pleasanter person, sort you'd invite around for tea. If you're ever North of Watford MM [you won't fall off the end of the earth, honest!!] give us a bell, we could talk about, well ... err ... property prices, over a cuppa.