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Elizabeth

When Do You Reckon Will Be A Good Time To Buy

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I believe the correct terms are W4nkatorium or Masturbarium. Jizznasium is an acceptable regional variant Materbatorium just makes you sound stupid like.

"You'll find the toiletlobby just through the hall - if you reach the cookchen you've gone too far"

Please let's not get lazy with our wonderful language - It makes me SOOOO ANGRY

Lots of people will be visiting this site now the HPC is underway - and we risk looking like a bunch of idiots who cant spell proper.

ok, but i dont think i can afford one anyway.

i think instead i'll build a small observatory.

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I think the time to buy is when you can afford to pay for a mortgage for a house that meets your needs and leaves you enough money to pay for all the bills and a little bit of quality in life.

Currently I bring home the only income with a partner and 2 kids to support - so for me the best time to buy will be never!

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I must admit, that is one of my biggest worries. Having no real assets could be a big mistake if inflation takes off.

Doesn't matter though does it?

As long as your funds are losing value at a lesser rate than the property you are going to buy then you'll be quids in.

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I think its a bit too simplistic to put a timescale on it for most people.

I'm gonna wait until I see a decent property in a decent area at a price I deem acceptable.

Might be 9 month, might be 18.

I'll need to factor into that job security, (which at the moment - isn't very secure!).

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To the two who are gonna buy now, i know of a little 3 bed semi...orp..front an f/r gardens..integ garage...recently renovated, its in my little shitty town of barrow in furness and its my house.

115k gets you your own little castle, go on av a punt, you know you want too.

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house prices are going to crash by 80%

You're the only guy I've seen that agrees with me about house values crashing 80% :lol:

Though you should really distinguish value from price, a price crash of 80% would mean a deflationary crash. What is more likely is devaluation of the currency and a price crash of 50% with a value crash in sterling of 50% overall causing ~80% crash in value of houses.

As for time scale, at LEAST a decade. Everyone is too busy concentrating on the immediate price barriers like mortgages whilst forgetting things like unemployment will skyrocket as our economy needs to do a complete change to something more export orientated rather than service based.

Due to our central location in the world we are a great hub from which to ship various goods, the only other good thing we have going for us is we all speak pretty decent English (well most of us! :P).

Between private debt, public debt, our overbloated public sector and our overbloated service economy built solely around consumer culture we are going to be the worst off out of all the Western nations. We may end up back in a system where it's just the very poor and the very rich (as it was in the past in our country). Perhaps we never were rich but just deluded into assuming so and this new wave of middle class people will fall in line with the rest of us when it all goes down.

Imagine what will happen to unemployment when the public sector jobs are cut in half and half of all private companies leaching off the consumer culture either go bankrupt or significantly downsize.

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I asked my wife where she would like to go for her birthday this year, and she replied "Somewhere expensive." So I took her to the petrol station.

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I asked my wife where she would like to go for her birthday this year, and she replied "Somewhere expensive." So I took her to the petrol station.

:D Not bad. The other txt doing the rounds was 'I've heard that soon petrol stations are going to start showing porn on the forecourt so you can watch others get shagged whilst you are'.

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I reckon it'll be at least 5 years before the market has finished falling, possibly as many as 10 years. Forget owning a home for the meantime.

Edited by Spoony

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I asked my wife where she would like to go for her birthday this year, and she replied "Somewhere expensive." So I took her to the petrol station.

I like it.

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Last one was 1990-91 then a long spell of not much happening till 96. 6 years before they started to pick up again. Will it be 6 years then? What's different this time?

- no eastern european immigrants will flood in and need houses

- interest rates can never be as low again because the chinese have stopped building cheap lawnmowers

- the govt's in huge debt

- the population's in more debt than ever before

- we've got no north sea oil left to bail us out

The UK is f----d. There won't be another housing boom, or economic boom, like this one. All I can offer you is 15 years of pain.

I'll be in my masturbatarium if you need me

Love

CS

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"Best time to buy" is a highly individual thing. For me it will be when the gap between what I am prepared to pay, and the price of the type of property I wish to own, closes. In my case a reduction of 20% will be fine.

If I find a really motivated seller this could be soon. Yes I know I could see further drops, but I'm looking for a family home for the next 10 years. Also I am looking at 25% LTV...

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I'll be in my masturbatarium if you need me

Love

CS

Wow, you Mrcutegurlzz and sbn should really get together sometime. You all seem obsessed with the new type of buildings???

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2012 the yield should justify a purchase, maybe for cash if the British Peso keeps on track ;)

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The market will not reach an equilibrial point until after the last of the baby boomers have retired.

The retirement of the baby boomers will reduce UK economic output, and in the wake of this recession there will be an oversupply of unsold property.

Until this oversupply has been consumed, bulldozed or otherwise removed from the equation property prices will continue to be 'soft'.

I think you will all be a little surprised at just how long the falls continue. Of course the best time to buy is a personal matter, quite often small price falls are not worth waiting for. You only live for 80 odd years, no point waiting ten years for the absolute bottom. Of course I think we will see ongoing and substantial falls for about 8-10 years.

Edited by ?...!

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You guys are staring into the tea leaves which is fine to a point. But IMHO if you need somewhere to live then the right time to buy a house is now while sellers are spooked & before inflation dents your cash savings.

I bought a year ago, right at the peak, but I got a bargain, and a fixed rate loan, in a street of identical flats, 3 were up for sale at the same time. I got mine at the same price as sold in 2006, and the other two sold for 12% more and 28% more, admittedly mine needs alot of cosmetic work done on it, the other two looked much nicer, but I think my seller was already spooked

I felt at the time it was a good move, but have been wondering if I should have waited, so I guess I should vote, but now

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