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property guru

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About property guru

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    HPC Poster
  1. Thanks Classixuk, I am sure some people think I am a nincompoop but the more asttute know that all my predictions have been correct and consistant and are based on facts and my strong grasp of economics. I never get personel. When you own 107 BTL properties you tend to be rather chilled out about life. Don't get me wrong though guys. If you ask me should a hard working policeman,office worker,bus driver be able to afford a 3 bed semi family home in a ok area of the back of 3.5 times one salary ? I say yes ! Yes ! Yes If you ask me will there be a HPC in 2006 ?I have to say no.(just as I
  2. I love that graph showing continuous house price growth. The best is that so many bears waited for it to go YOY negative and then right at the end after teasing them for months the little blighter came tanatalisingly close to YOY negative but then edged upwards again !!!!!!! I guess the moral of the graph is that when PG told you to buy in 2004 you should have listened to him rather than the doom and gloomers. Hope that Helps. PG
  3. I love that graph showing continuous house price growth. The best is that so many bears waited for it to go YOY negative and then right at the end after teasing them for months the little blighter came tanatalisingly close to YOY negative but then edged upwards again !!!!!!! I guess the moral of the graph is that when PG told you to buy in 2004 you should have listened to him rather than the doom and gloomers. Hope that Helps. PG
  4. Interesting reply, a good example of denial turning to anger over the cancelled HPC. Presumably as you are angry at me you have chosen option 5) ie blame BTL landlords for providing non state owned rented accomondation. Who do others blame and focus their anger at for the HPC cancellation ? Hope that Helps. PG
  5. There has never been a down turn (hence why 6 out 7 surveys are YOY positive) just a inevitable slow down in house price inflation. Many people have confused a slow down in house price GROWTH with a down turn.They are two very different things. PG
  6. As it becomes increasingly evident with each passing month that the house price crash has been cancelled (with 4 surveys in Oct OPDM,rightmove,Halifax,Nationwide all showing an up turn in prices),mortgage approvals for new house purchases up to 2004 boom levels, interest rates cut etc etc Financial Times house prices 3.2% higher now in 2005 than a year ago. Halifax house prices 3% higher now in 2005 than a year ago. Land Regustry Q2 house prices 5.4% higher now in 2005 than a year ago. Nationwide house prices 1.8% higher now in 2005 than a year ago. ODPM house prices 2.8% higher now in 20
  7. It is interesting to see the denial phase of the bears that the HPC has been cancelled now turning to anger / abuse. Its not my fault Halifax,ODPM,Rightmove and Nationwide all show upward trend in house prices. Don't blame me I have always said there would not be a HPC in 2004,2005,2006. Blame the ones on here who "promised" you a HPC and "guaranteed" you it was "inevitable". All the evidence suggests the HPC has been cancelled. PG
  8. It has been black October for the bears with ODPM,Halifax, Right move and now Nationwide ALL showing a upward trend in house prices. Plus mortgage approvals at summer 2004 boom levels. With all this positive momentum in the market now 2005 prices could well end YOY UP and we could be looking at up to 5% price growth in 2006. Looks like the HPC has definitely been cancelled. PG
  9. Good on you. Now is a buyers market. So what should you be doing ?? Exactly. Once it is common knowledge that there is definitely no HPC nobody will negotiate on price. I have recently bought a BTL with a 9% yield and currently have 2 offers out there and am looking to expand my BTL portfolio in 2006 further. Thank god for nervous FTB who want to "wait and See" and keep paying our BTL mortgages off ,thats what I say !! PG
  10. Good post. There are still a few people in denial who still believe a HPC has / is happening but as you say most people / joe public can now see it is business as usual in the property market. In regard to your question what a property currently worth 200K will be worth in 2008 ? Between 210K and 215K. PG
  11. Britain is the greatest country to live in in the world. If you don't like living here stop whinging and bugger off. Please surrender your passport on the way out and we will give your place to someone who appreciates it. PG
  12. Further evidence of the market being YOY stronger. When mortgage approvals dropped massively end of 2004 / begining of 2005 all the bears said it was a sign of a HPC. Now mortgage approvals have recovered to summer 2004 boom levels this is clearly further evidence the HPC has been cancelled. Hope that Helps. PG
  13. Don't get me wrong guys. If you ask me: Do I agree a hard working policeman, teacher,office worker,bus driver should be able to buy a decent 3 bed semi family home in a ok area of the back of 3.5 X 1 salary ? I say yes, yes,yes. If you ask me is there going to be a HPC: Alas I have to say No (not to be awkward) but simply based on all the evidence out there(economy,interest rates,mortgage approvals,immigration, demand and dozens of other factors etc etc) I just don't believe there will be one. Hope that Helps. PG
  14. Nope my portfolio is mainly based in Luton & Chesterfield. I bought my first BTL in 1970 a 3 bed semi for 9K.........and guess what people were saying to me then "thats a lot of money,houses are overpriced" "is that 9K price sustainable" "what if the economy gets worse" "what if house prices crash" etc etc Somethings never change there are always doom mongers saying don't buy what if that ,what if this happens......
  15. I think I detect some missed the boat bitterness there. As a BTL landlord I have increased my portfolio in 2005 and intend to buy more in 2006. Purely because I am getting a positive yield and I don't anticpate prices dropping. Thank God I did not listen to the fools who told me to sell my BTL in 2003 / 2004. Average house price Eng and Wales www.landregistry.co.uk Q1 2004 WAS £166,404 Q1 2005 WAS £183,486 Q2 2005 IS £184,924 Luckily when all the sheep were saying "crash...crash..." I held my nerve and picked up some more bargains in 2005. Once every realises the HPC has been cancell
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