Friday, Aug 15, 2008
Genius graph explaining the thoughts of Buy-to-regret landlords
Patrick.net: HPC Buyer Mentality
No summary. Just a great graph!
Posted by beartil2010 @ 05:42 PM (792 views) Add Comment
8 Comments
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1. little professor said...
So where do you think we are at currently?
2. Lammi said...
I think we're at the transition from six to seven.
3. dude said...
I've looked at the graph on the home page -- we are obviously at 2, as this is a blip and the boom will continue. Just you wait...
(Remember, house prices can't go down, as it's just not fair!)
4. Inverness Property Bubble said...
I'd say we're currently on the first downslope between 4 and 5.
I actually heard a friend say that his IFA brother in law advised him that now was a good time to buy a house because interest rates will fall at the end of this year and the property market will "take off" again early next year. What a load of absolute tripe from a VI.
5. Dead Money said...
Between 5 & 6 i'd say - still a long way to gooooooooooooooooooooo.............ahhhhhhhh...........!
6. amjidk said...
i think we are at around number 7..
7. nooneo said...
amjidk @ 3
"i think we are at around number 7.."
I put my money on 5 or 6 personally !
8. No_house_and_free_mike said...
I see many investors are still very much in the denial phase despite the fact that most potential buyers are now avoiding the market.
I expect to be at 7 by the end of the year when shock/realisation sinks in for investors who did not already sell
and at 12 by the end of next year.
After that a period of price stagnation for maybe another 3 years before getting to 19.
Then it's a case of counting the losses for investors who did not sell because the 5 or so years money invested in a bond/fund
could have made more money.