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Posts posted by lookingafterthekids

  1. "What peopel seem to forget and no doubt will continue to forget in a relative way is that not so long back with the top valuation of 280k they would of listed at above that not below it" - Really.Oh yes, your right :blink:

    "Houses will continue to change hands all the time even through a crash/correction" & "Houses will always sell, always have done" - thank you. And so there will always be groovy profits to be had. As we have always said!

    "Please, for your own sake, stop this. You convince no one and only further to confirm the view most have on here of you that you are a windbag/buffoon in denial" - Brilliant. Buffoon. Windbag. Me? Cripes, the amount of cr*p spouted on here would win awards for the windbag & buffoon of 2006.

    And whose that clip clopping over my bridge.............?

    Have you lot ever tried wearing anything other than suits, ties and sensible shoes?

  2. Friend just sold 4 bed detached in Shrewsbury.

    4 valuations - £280,000, £265,000 & two at £250,000. Put it on at £275,000. Sold at £272,000 in 3 days with 3 offers all from people with nothing to sell.

    Identical house sold September 2005 for £265,000.

    Looks like my predictions are right.

    Big falls yess, but not everywhere and not at the same time.


  3. Right, update.

    Listened to about 15 financial sense shows along with lots of others. Bought me a copy of Dummies guide to trading which I think gives a good grounding. Read about two trillion words on various sites. Read upon some of the indicators that have been recommended and read the paper every day this week.

    Do you know what? The 'Whole' thing, i.e. not just the UK economy, housing etc but the whole connected world 'Picture' and how oil, gold, markets, wars, politics, trade etc etc all interconnect to have a bearing on what does and could happen all seems to be very obvious when you take the time to think about things.

    Now don't think that I think that I have cracked it and will be using cold hard cash anytime soon to bet on my newly aquired knowledge but things seem to have become a little more obvious than they were. Thanks for the recomendations.

    While keeping on with the global education, I would now like to learn about the various tools and sytems used to actually trade ie puts, calls, warrants, what does shorting mean etc etc and wondered if you could recommend any good reading material?

    The UK Trader's Bible has been mentioned. Is this any good.

    Any pointers appreciated.

    Still like property though!

  4. Some truths in what has been said but also some massive and naive generalistions.

    Now I`m sorry, but this fantasy world where desperate buyers sell at 25% BMV just does not exist IMHO. There are plenty of ways out of a property before selling it at 25% below some young spivs valuation. Are most of the contributors there so much in denial, or so deluded that they actually believe its happening, or that it is a possibility?

    It happenning day in day out.

    There's no such thing as BMV.

    You can only buy property at MV.

    Wrong. As apom rightly pointed out. What is market value? What you can assess to some degree is CURRENT market PRICE, i.e. what properties are currently selling for in the current timeframe.

    Rightmove, nethouseprices etc etc all allow yo to establish what a realistic current markeyt price is within seconds.

    What you must understand about BMV (which has been around forever not just post 2000) is that in the majority of deals, the property will be bough at say £75,000 and THERE WILL ALREADY BE A BUYER LINED UP at say £92,000 with contracts being exchanged on both sales almost simultaneously so that the BMV buyer has little or no risk.

    A colleage completed on one such deal Friday just gone. Bought at £62,000 with a current value of £87,500 and completed on 13th (!) for £86,000. Total deal included 5 visits to the property totalling 1.5 hours in all and a few calls to the bank, agents and solicitors.

    Your right in saying that this does indeed prove your point that the market has stopped or is slipping or that there are people in financial problems.

    But what it also proves is that there is still money to be made from property.

    So in a way we are all right.

    Which is nice. ;)

  5. Alas, people think property means only buying highly leveraged over priced innercity luxury apartments, more fool them, going long on such investments is nastier than being on the wrong end of a spread. Mind you, I suppose they like property because they can fool themselves even in a falling market, they don't actually realise they're facing a loss until it's too late.


  6. A property bull starts a thread on a website called housepricecrash.co.uk asking how to get into shares!!


    What's the matter LATK? Has the froth come off the property market or something?

    Not at all. Still doing the property bit. Viewing quite a few next week in fact.

    I've realised that to offer any kind of balanced argument regarding property against other investments, I need to at least have had a go at the others and as I have a bit of free time over the next couple of months, I though well why not take the plunge.

    I'll let you know how it goes.

    Thanks for the input and sorry If I have come accross as smug in other posts. I'm not really. I just like to be annoying sometimes as it generates good debate.

  7. Chuz,

    As you think property is crap, I think it is great.

    But there is logic on this site if you sift throught the bitterness and there are some obviously astute people on here.

    I have never tried to take the piss, only offer the view from my backyard.

    I am in and will be in property but unlike some, I want to see things from the other side of the fence.

    "I thought that you thought that property was the be all and end all" - No, I said that there is and will always be money to be made in property.

  8. I think it may have been posted before but I have decided to have a small dabble in the markets and as an absolute beginner, I havent got a clue so want you people to teach me.

    I believe you when you say that there is an awful lot of money to be made but how easy is it?

    From a standing start at 16th January 2006, I want to start investing in "the markets"

    I have a basic undersatanding of the basics but need to find:


    Information sources to give me an idea of what I should be doing. Books, websites, magazines, papers etc etc.


    Monthly information sources for news and ongoing guidance. Magazines, websites, radio shows etc, etc


    Weekly news from papers, mags, web etc


    Websites, email, newsfeeds etc

    So, can it be done?

    By the way. I'm serious.

  9. Thats nice.

    How many city traders are going to earn that £7 bill?

    And how many hours to earn it per week?

    Nice if you like money but no life.

    Horses for courses. £1mill can buy you what. A bigger house - still got a door a couple of windows regardless of size, a car - still got 4 weels and a windscreen, happiness - now dont make me laff.....

    Oh, and will these bonuses be spent in Salisbury, Wolverhampton or Craven Arms?

  10. Never had a dad but if I did he would have told me:

    "Be self employed and invest in the property market. Do not try to jump from market to market trying to make a profit as , just as divesrification within a specific market can wipe you out, so can divesrification accross markets. Get to know the property market, stay with it and get to know it even better when the crowd are jumping ship. That is when the best, safest and the profits with least competition will be made. If you know what you know and are comfortable in the market then you will profit regardless of conditions. The general concensus is that the property market has peaks and troughs and profits will only be made on the peaks. Crap. Oh, and avoid 2BCCNB like the clap"

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