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House Price Crash Forum

TheRivieraKid

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Everything posted by TheRivieraKid

  1. Ahh don’t worry. There’ll be new stimulus to counter that.
  2. Track everything on rightmove. It will be interesting, at least, to look back and compare actual sale prices to what is being listed right now. I can only speak for my local area, but stuff is selling extremely quickly. In fact most stuff that goes on rightmove is already sold prior to listing. EA may not be exaggerating.
  3. The only sane person in a world full of people gone mad. or The only angry/frustrated person in a world full of happy people. Best just to index house prices vs gold, mate.
  4. I think the problem is so many people got meme’d into believing the supercycle narrative. When Tesla announced it’s purchase, $100k per coin seemed inevitable. I’m still not ruling out a shorter bear market this time. I’ve taken a small amount out to stay below capital gains threshold, but other than that I’ll mostly keep my exposure. Ditching most of my alts.
  5. Thanks. I honestly thought I'd learned from the last cycle, but it's so easy to be taken in by greed. I ignored every top signal lol. Even my 65 year old mother-in-law mentioning Ethereum. In hindsight... so obvious.
  6. I'll have a look into it. Initially put off because I just don't trust Richard Heart. He comes across as a total scam artist.
  7. I’m actually struggling more emotionally with the recent drawdown than the 2018 one. I’ve been in the market since early 2017 and held the whole way, but always said to myself I would hedge when things start to look toppy, and not ride it all the way down again. On the day of the coinbase listing I was on my Deribit account with a plan to 1x short the Sep futures. I foolishly spent some time browsing Twitter with all the mega bull postings and just got greedy. I thankfully didn’t have and leveraged long exposure during the crash, but I’m still kicking myself for having a sound plan and then just ignoring it. My portfolio is down ~£80k since the April peak. Will probably use Saylor’s buys to take some profit out.
  8. How much % did you have to go over the asking price? I was planning on using BTC to bridge the gap between my current house and the next one. The May crash really hasn’t helped lol.
  9. No way. Around my area listings are low and anything decent is SSTC within a day or two! Prices up significantly.
  10. We need a bigger house within the next 2-3 years. We’ll be having another kid by then and will need an extra bedroom (no real scope to extend our current house). The way things are going right now, we’ll struggle to be competitive with investors and FTBs at snapping up places quickly. I think we may end up waiting for the right place to hit rightmove (a doer-upper forever home on a good plot), then doing a let-to-buy on our current place and keep it to rent out for a year whilst it sits on the market. Once that eventually sells, use the equity to extend the new place and build the dream house. All very market dependent. If it keeps rallying at 10% a year it’s gonna be shit.
  11. No way was it the right thing to do to sit out of the market. You hear from people who have been paying somebody else’s mortgage for 10 years, saving up money in cash ISAs (lol), and still tell themselves they’re doing the smart thing and they’ll be able to scoop up a bargain when it all comes crashing down. Not gonna happen. Even if prices miraculously crashed 75% so they could buy somewhere and break-even financially, they’ve still spent the last ten years living in a rental with all the shit that goes with it. They could have been living in their own home all that time. They’ll hit retirement with monumental levels of regret. No question about that.
  12. No LMAO. But the level of cope on this forum from people sat on the sidelines for 10 years is incredible. Prices will probably correct in relative terms at some point in the next 5-10 years, but nominal is going ******ing nowhere. Don’t keep getting left behind ffs.
  13. Maybe look at house prices vs gold, or bitcoin, or equities, or almost anything other than cheap fiat.
  14. Even if you’re right, prices do crash and I end up in negative equity, so be it. I have no plans on moving home, a healthy amount of equity, and a decent fixed rate. Successive UK govts have proven they will defend homeowner interests at all costs. It’s wrong, and I don’t agree with it, but it’s better to be positioned on that side of it.
  15. When I first found this forum I bought into it all. It all seemed logical, or course prices are too high and of course they’re gonna crash. Until the penny finally drops when you realise that any proper asset measured in sterling will be rising. >£700bn of QE helps. Anyway, you guys do what you like. I’d be salty as ******, too, if I’d been on this forum for 13 years with 31,000 posts, watching all the ‘feckless’ normies getting on with their lives whilst enjoying asset appreciation.
  16. This is genuinely sad. It’s awful that you feel this way. Unfortunately, you need to wake up to the reality that prices are unlikely to crash. There will be a global currency devaluation coming along with rampant asset inflation. The beneficiaries will be those with big mortgages. You’ll be on the sidelines shouting abuse still. You should just buy somewhere whilst you still can.
  17. You could be right. These forums have been saying it for the last 10 years, at least. Not been correct yet. I think a crash is coming, but not for several years yet. Before then it’ll be rampant inflation. Sterling is done for.
  18. Grab a dictionary. ”Decimate” 1. Kill, destroy, or remove a large proportion of.
  19. The winners in all of this will be those carrying large amounts of debt in sterling i.e. mortgages. Sure, I think in a couple of years it will be easier for FTBs to get on the ladder, but in the meantime people's mortgage obligations will be decimated through inflation. I can't see another way out of it all, sadly.
  20. Exactly this. Why piss off the nation with a wealth tax, when a perfectly good stealth tax will do. Most people don’t understand how monetary inflation affects them, and the govt don’t need to legislate for it.
  21. Anyone got a source for Nationwide predicting -13% EOY? Thanks
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