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About magneticworld

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    HPC Poster
  1. ..why go there? why...? how you got that from the posters reply beats me...
  2. ...very entertaining thread. Whilst I want property prices to come down and gather knowledge on the market from visiting this forum to read debates and differences etc... ..I am often bemused at the hostility shown by some posters when peeps (so called bulls / neithers) have a different opinion to theirs.. they are very quick to hurl abusive or derogatory comments on those who don't follow their line of thought rather than debate the issue like adults and accept that in some cases one must simply agree to disagree This exchange between you and the one who calls you stupid in this particular thread is a classic example.. you debated the issue without hurling abuse (at least on this particular thread) the "other" continues to be agressive and increasingly abusive displaying traits of all the characteristics I have mentioned above.. hmmm..... continue your post... I like to hear all sides.. and whatever happens....... don't stoop so low as to hurl abuses back on the "one" who calls you stupid.. just don't stoop down to that level rise above it... On an aside note... it has taken a while but I hoped 4th qrt 2010 would bring some momentum to falls in hp. whilst the falls are not yet pronounced, one cannot deny that over the last forthnight it appears not a day or two has gone by without some news on property prices which has not been bearish particularly every single MSM has reported on this with slightly different formats but the overwhelming message has been unanimous... expect falls/property is overpriced/mortgage rationing etc etc.. Something may just be about to happen price wise.. whether it's rapid or drawn out is the question that needs answering (particularly as this is occuring in the traditional slow period of the year for house purchases).. nevertheless I think this is a very important phase (begining) of this so called house price correction or NOT. I am certainly watching this space...closely
  3. ..we've been willing on this fear for a while now. The media have been reluctant to join in. So it depends on which side of the coin you're on. As for me I don't see no fear at all...certainly compared to 2007/2008.. then I could taste the fear. Today..nope.. sorry...... the fear is not yet being smelt..lets see if 20 Oct would at least start briging a little odour - just a little..
  4. ... well we shall know what the spending review really contains within the next few days. Basically the spending review comes down to one thing => cuts. The question is how deep would these cuts be, what areas and within what timeframe would they be implemented??? translation - how many 000's would loose out in the review and the wider economy and how would this translate to house prrice falls?? Something tells me, though, that this is not going to be the event that would make house prices go downhill "immediately"... although it's really the last throw of the dice... I have said it before and got chewed out on here but I'd say it again: I just cannot see the Govt wanting a major dip or double dip occuring in 2012 (an olympic year). Can't see it - there has to be a feel good factor entering that year or at least during that year. Point is whatever has to happen from this review 2011 is the year for it or 2013 and beyond. You already saw with child benefits cuts - that it won't come in until 2013.. you may wonder why 2013.. I know why!!!!!
  5. ...to think there was a time when it used to be 0% saved = buy/mortgage a house or save btw 5K and 10K = buy/mortgage a house 77K..lovely..why not make it 100k.... sounds better!
  6. [and that ties in with the million dollar question] .. what would trigger this desperation? However one paints it desperation has not set in - yet. This is the 4th qrt of 2010. How long do you keep waiting for this so called deperation to become the 'norm' i.e. insted of talking about it, we are living through it??????? [.and that ties in with the million dollar question]
  7. agree with the above...my part of SE London where I'm interested there are a few 3 beds in that 219,000 and below range.. and some highly priced ones seperated by literally one street or two..some of these 219000 ranged props would have been marketed at a standard 245/250K min in the peak.. anyway to think it's been 2 years + and still no sign, no concrete trend, no expected falls, no nada!! mad mad mad... The way things are, I dont think Oct 20th would provide any catalyst.. There's a thread on here questioning if in hindsight one would have jumped on the bandwagon if they knew of the 2007 falls or something to that effect........ ha well i'd changed that to in hindsight would I have jumped into the housing market in 2008 when there was real panick in the air and some great falls (3 beds going at 180/190K etc)..YES I would.. But lets's see how this plays out => the last throw of the dice SPENding REView OCt 20.. after that it's make up your mind time... keep waiting and hoping OR jump on assuming you still got a job and can get a mortgage and damn the consequences
  8. Interesting topic.... Quite a few colleagues of mine at work and a hand ful of friends drive exprnsive cars however I checked Auto trader for an indication of costs for 2nd hand cars (taking mileage into considerartion) and they are damn affordable (as a one-off cost).. so people sometimes buy these cars not factoring in the running cost... As a slight twist to the topic... work colleagues / friends tend to use their car NOT for commuting to work (I aint no CIO, CEO etc ) but mainly for weekend pleasures or evening (after work commutes) .. so how much more affordable inc running cost is this to do when they only drive their cars/4x4's etc for 2 full days (sat / sun) in a 7 day week on average..
  9. Have to say I just had to check out the website to know if it's for real... wowowow
  10. Don't think there's much to get excited about - yet ... Imagine that...! The irony... I'm talking "excited about yet" as if I'm getting some nice large bonus rather it's cuts and pain and frankly the only reason why I may get excited is the end point i.e. wtf would this do to house prices.. I've changed since trying to get on the ladder .. getting excited on Austerity cuts - who would have thought this of me 3/4/5 years or more ago. Anyway..seems like one should hold onto whatever excitement they feel inside until 20 Oct - after the spending review and all it's "glory" has been heard Another factor to bear in mind is when the cuts take effect i.e. 2011 or 2012 or 2013 etc.. Excited on cuts..my my my what is happening to us ehh??
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