krosfyah

Your first sentence makes complete sense. The second one is odd, given the first. Care to explain why you are definitely buying next year (outside pressure?)

Saving for a deposit for when the time is right - could get something shite at a stretch, but why pay £200k for something that was going for £60k less than a decade ago? Not really thinking "oh i've missed the boat so i'm refusing to sail" more thinking "you've got to be a mug to think the place you are selling is worth 3 times what you paid for it!".

More pollen in the air this year than last?

This is odd - why not? This seems pointless in having them, unless you can take them on the weight of the documentation (i.e. the survey) that has been provided. WTF is the point in them then?

LOL good one

At first i thought "great! More accountability for sellers to declare what the state of their over valued property is worth - perhaps we will see price falls as a result", then i read that sellers will just pass on the costs of having the HIP's taken out (£600-1000 i believe) onto the buyer which is not so good. So in the end, who is HIP's actually going to benefit? What do you guys think? I still think knowing more about the state of the property is a good thing regardless. Thoughts?

You are wrong, and if you want to discuss with me you can PM me instead of throwing out paranoid comments on the thread. I've already spent time introducing myself, have spoken to mod's over the last several weeks and have been a lurker here a while. Just because i don't have 5000 posts to my name, doesn't mean i have less to offer than the oft paranoid ramblings of people who have spent too long on here What is wrong with trying to reduce the price of property. Those who have their pensions tied up in it will of course lose out - but those who see property as a place to LIVE or to move from a one bed pokey flat to a house, in order they might be able to start a family and live as normal people do and use property as it was meant to be used (i.e. not as an asset for retirement but somewhere to provide shelter), who can be upset about property prices coming down? I know LOADS of people who want to move up from their first property and can't afford too. I know loads who can't get on the ladder (me being one of them). The only people it will hurt is BTLers who can frankly f*** themselves, and those at the very top of the pile who stand to lose heavily. For normal common garden folk, a big correction in prices would be a GOOD thing.

Thanks for the explanation. I'm not a troll, you can read about me on the intro page if you really want My intro is on this page Sure the idea of mine might come across as troll like, or from the frothing mouth of a madman, but actually i'm pretty sane, am a hopeful-although-losing-faith FTB that is sick of over inflated prices and just thinking out of the box as ways to try and wipe trillions off the value of property. I wouldn't mind if i was hated by all those who are greedy enough to work the angles to up the paper value of their property('s) - if i could be a champion of the common garder, soon-to-be-extinct FTB, i will be at peace with one and all. Hence my slightly off the wall post about trying to induce a crash rather than just sitting about waiting for one. Easier said than done, i know, but i'm a frustrated individual.

Yeah i agree, it was a silly comparison but we should never underestimate the power of even one person to change things in this world, free market trillion pound housing market bubble or otherwise. Can someone explain what awoogaish means too please, seeing as the guy who posted above won't. Thanks

Much like Ghandi or Martin Luther King then? Not that i'm even beginning to compare myself to those great people, but never underestimate the power that one person has in this world.

What does this mean?

Can you elaborate somewhat? I'm quite new to the forums, although i have seen RealistBear about the place, just not too sure what he is up to. Many thanks

Why don't we use the power of the internet and word of mouth to start a HPC rather than worrying about when it will happen? Housing prices are just like the stockmarket - when there is lack of confidence things will fall. Why don't we start putting our on spin on things (much like - i gather - the aim of this site is anyways) to seep lack of confidence into the market? Sort of like the fuel protests, i would like to see us try to mobile all the FTB's and STB's who now can't move up, and just get people to stop buying. Sounds simplistic? Well the best ideas usually are. I think if done in the right way, we could create enough noise out there to instill a lack of confidence and we all know historically what happens when the snowball effect of lack of confidence takes hold. Flash in the pan idea or something to think about?

I'm curious - if BTL'ers all suddenly, for whatever reason, decided to ditch their properties, how many or what percentage of available properties would be available for purchase? Anyone have any hard and fast data on this, i have searched but so far come up with nothing other than wha tthe Guardian is reporting today that 328,000 people have a "second property" in the UK (see here:Guardian Article

Hi all, my name is Dave, i'm a 30 year old professional living in SE London with my wife who is from New York (and knows all about inflated property - if you thought London was bad, you haven't seen the insanity that is NYC! ) Anyways, i have been renting for a little over 5 years, and stupidly didn't invest in property back in the later 90's when many of my friends did (i didn't want to be "tied down" to a mortgage). Now i'm in a position where i'm married and looking to get a place with my wife, but we are just saving right now for a reasonable (hoping for 10%) deposit for a place in London. I figure we still have another 1.5 years of saving to go, and it's been hard so far, but then anything in life worth anything is a struggle right? (or so i keep telling myself). Anyway can't help but feel i missed the boat when others i knew were buying their first places in the late 90's and now i'm worried that if i try and overstretch that my wife and i will be stung when prices correct themselves so in that weird "void" of wanting a place, and saving for one, but not sure if it's a good decision to actually get one. Anyway nice to meet everyone and look forward to furthering my education on the state of the housing market while here.