jonewer
-
Posts
3,544 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by jonewer
-
-
Worries over the end of QE?
-
,even the sheeple who bought in the height,as one day they will have a son/daughter coming to them to ask for £500k to put down on a rabbit hutch in a crap part of town,it cant go on
Fixed it for you.
-
So houses outperform gold in the long term?
-
2 of the 6 places I viewed on saturday are now under offer.
-
You make the UK housing market sound like 'War of the worlds'!
Now come on everybody, pull yourselves together. Even newspapers are saying this recovery will not last, it will not last past a few months if that. All the stats say prices are too high and the banks still won't lend to each other; which is all you really need to know. Banks deal with harsh realities, they want their (our) money repaid on time and in full. Read any newspaper forum on housing, the public think the worst is yet to come, or at least the public who can read do. Those that only care about big tits still don't care about anything other than big tits and football.
And another thing, to all those people who think there will be mega house price inflation in house prices when the sh(one)t hits the fan, well pass me the joint your smoking; because that is just a dream. People won't have the money to buy a house, not at almost any price. Everyone loses out in a crash, even the billionaires unless your George Soros.
There! You see! You are trying to apply reason and logic where it is not applicable.
-
What's an extra 250,000,000 between friends...?
Gordon eats 250m on is cornflakes.
Its barely even pocket money to this government.
-
I have turned bull.
Not because I want to or because I think its a good thing, but because I just cant ignore the evidence anymore.
All the logic and reasoned arguments in the world add up to precisely sodall when it comes to the housing market. This is why we had HPI for all those years when simple common sense said it was impossible. And its also why we have it now. The UK housing marker simply isnt reasonable. It defies reason. It defies logic. And it absolutely will not stop.
-
The phrases `up his own ****` and `complete tosser` spring to mind ...
He writes for the guardian. What do you expect?
-
I think the demand for property is driven by the belief it will rise in value as opposed to the need for somewhere to live.
No. Demand (and value) for property is based on the availability of credit.
If there were NO mortgages, the average price of a house would drop to something like that of an average car.
-
but without the funds to back it up, not actually 'demand' at all
Using the Ferrai analogy, just because few can afford them, doesnt make them cheap.
-
Shelter dont want affordable housing in the sense those on this forum do.
They want affordable housing in the newlabourspeak "Thousands of 1-bed shoe box luxury apartments built on an old arsenic smelter next to sink estate that will cost £350,000 each" sense of it.
-
If you pay regularly on time, the chances are that the landlord will regard you as a 'good tenant' so that he/she would be unlikely to ask you to leave. I've been with the same landlord for about 12 years. He is a good LL and I am a good tenant. He responded to my request for cheaper flat by offering me one much better for me and at a lower rent than an 'ordinary' tenant would pay.
Also, if I did have to leave, I would not have a huge debt hanging over me, as I would have if I had a mortgage and if I was repossessed.
I doesnt matter if most landlords maybe wont turf you out. The fact is it could happen.
At least when you own then they have to have a reason for kicking you out.
I dont buy all this "Renting is so much better than buying" stuff.
If thats the case, then why subscribe to a site the complains about how expensive it is to buy? Surely if renting is so wonderful then theres no cause whatsoever to wish for a crash.
-
and do you know what gets me about this site?
unsubstantiated drivvel ,like that highlighted.
Not even the most bullish VI's are suggesting this.
You MUST be taking the michael
No, check the Nationwide index. Its almost at 10%.
You do know Nationwide dont you? Its the source of the chart on the front page of this site.... the one that hasnt been updated for quite a long time.
-
Simple question for you... if you need a house today, is it cheaper to rent or to buy?
It might be different in whatever fantasy land you live, but around here renting is around 30% cheaper at current mortgage rates, and carries very little risk in comparison. Ergo property is a bad investment.
Property is not just about investment. Its about having a home with security. Renting does not provide any security at all, you can be hoofed out in 2 months for no reason whatsoever, even if you do pay the rent on time every time.
At least if you buy a place, they have to wait until you default on the loan before they can try and kick you out.
-
Perhaps some of the bullish nutjobs on here can tell us all why the market has only achieved stagnation with the QE and 0.5% stimulus?
You do realise that printy printy is not the magic wand anymore than a syringe full of heroin is the key to eternal happiness?
This is the kind of thing that gets me about this site.
The fact is that house prices are on track for a double digit year-on-year increase and you have people who not only claim that the market has only stagnated but hurl insults at anyone who dares suggest otherwise.
Plus ca change.
-
Tell you what jonewer come back in 6 months with this post and we'll compare reality with your prediction. I've never been more sure this is the bull trap. Pity help the greater fools who rush in now and end up paying over the odds for a shelter. I know what it is like trying to pay a mortgage at high interest rates and feed a family. Interest rates will go up and more people will struggle. You can't say you haven't been warned.
If I had a penny for all the people who said that when prices went up again in 2006, I'd be able to buy Kent for cash.
-
And what did you expect a bull trap to look like?
This whole bull trap thing is wishfull thinking, just as the whole "prices will fall by 50% in 2005" thing was wishfull thinking.
Its not happening guys. Face the facts.
-
I don't think it's a case of them booking all the viewings together. Those other people are just actors who probably also work for the estate agency or friends of the employees. Think about it when you are making a sale worth 100-300k and caking off a fat commission it's worth the effort to stage artificial competition as this makes the property seem better than it really is, makes the property market seem bouyant and as another person said makes the property seem like it must be a bargain due to all the apparant interest.
I wouldn't be surprised if this trick is happening all over now. Judging from your description where they are picking up people frantically and having cars follow behind it sounds uber staged, they aren't even being subtle about it which is probably because people are dumb...you obviously fell for it and don't really deserve the status of bears now as thats reserved for wise people
At least while the market really is a bear market like it is now, this is just a bull trap.You know, I heard all of this during 2004 and 2005 and 2006 and 2007, during which time house prices shot up and I got priced out of many an area I could previously have afforded.
Prices didnt even get close to 2005 levels at the bottom of the crash. So I'm still priced out of areas I could have afforded in 2004.
Your insistence that its really a bear market is just the same as the typical HPC view for years, during which time we had double digit HPI. To hold that view despite all the evidence to the contrary is ludicrous. Look back at some threads from 2004 when people were licking their lips at the thought of the massive 50% crash of 2005 that never happened. In fact, its beyond ludicrous. Its pitiful.
Your explaination above is a deus ex machina. It doesnt ring true. Not when prices went up by 1.2% in january. Which is the worst month for prices. What do you think will happen in spring?
-
There you go.
Most potential buyers also have a job. And most don't work Saturdays. Also most prefer viewings before lunch. And most don't like to wake up too early on a Saturday... Hence, around 11 AM sounds like a good time to view a house - for most.
It wasnt 11am.
-
Basically what he was saying is saturday is always the busiest day for the obvious reasons that you've stated - people work for a living. So if you view on a saturday it's not surprising that you will be butting up against other viewings.
Its still 9 viewing per hour per agent.
With 2 agents they are are doing 18 viewing per hour.
Even if I was unlucky enough to hit peak hour, I dont imagine they had much difficulty doing 100 viewing that day. So lets say they did another 100 during the other 5 days of the week. Thats 200 viewings in a week.
And you think thats grounds for being bearish?
-
Saturday. Why? Because it is the best day for you, right? Why is that so?
Yes saturday, because they arent open sunday and I work for a living. I was talking about TIME of viewing not day of viewing.
-
erm so to summarise because things are looking and getting as bullish as 2007 with regards housing sentiment (which was the requirement to cause part 1 of the crash) you are now bullish? Good luck with that one
This is not 2007. In 2007 there was piles of stock on the market. Now theres barely anything, just a few leftovers to pick at, and people are paying. They are buying. Prices are going up. Almost 10% in the last 12 months. House prices are dictated soley by the availbility of credit. This, if nothing else, is the lesson of the last two years. And the government will do anything. ANYTHING. To ensure that credit is cheap and available. Including just plain old printing money and handing it out and consequeces be damned.
House prices are priority number 1 in this country. Children can starve on the streets, thats fine, just so long as house prices go up, people will be happy.
You think the correlation between Labour's share of the polls and house prices are co-incidence? Of course not. People will vote for the government when house prices go up, and for someone else when they go down.
Everything else can go to hell in a handbasket. Houseprices are the only thing that really matter to the vast majority of people in this country.
-
Many years ago I've worked for a short while in a advertising agency, and saw some colleagues "orchestrating" this type of launching: advertise a lot, for weeks, but schedule all the visits together. The oldest trick in their book.
One can advertise for a month, get only 3 or 4 requests for viewings, but scheduled all of them at the same time, like on a Saturday morning, and say "oh it's been like that the whole week! It is the price you see, it is a bargain..." And just wait for the offers to come Monday morning - early .
Except I dictated what time I would be viewing. I imagine the others did too.
-
I went out viewing houses yesterday.
Very depressing stuff. You still cant get much for your money and in fact, in the area I was loooking, I'd say theres no change from 2007 prices...... And stuff is selling!
In fact some houses are selling before you get even arrange a viewing.
Estate agents so busy they are doubling up on their viewings..... One EA was frantically ferrying people around. Dropped one couple off then picked us up..... lead another 2 couples following in their cars behind us..... then dropped us off and picked up another couple and off he goes again, like the pied bloody piper..... phones ringing off the hook in the office.....
Sorry chaps, but the truth is that in this country, people would rape their own grandmothers if they thought it might make houses go up.
Crash off. Boom ahoy.
I'm now a bull, because to be bearish after what I saw yesterday would be perverse.
Ftse Having A Bad Day...
in Financial markets
Posted
End of QE have anything to do with it?