Dopamine

Oh dear. Mood in my boots now. 'Bull Trap Depression' has a nice ring to it.

I must admit that at the moment I've had a phucking gutful of it all. I feel that I have completely made the wrong call on the extent of this year's bounce - had I known I would've gone in harder late last year / early this year with offers 10% under asking. Vendors now won't even consider offers 10% under and many are expecting to cut 5% off at most. I should've listened more to Dr Bubb ( I was skeptical of his prediction earlier this year that a bounce would occur) My main concern was not losing a lot of equity buying too soon, but I'd happily buy within 10% of bottom to have the convenience and security of owning. That was potentially possible at 10% off last winter's market. Now you'd be paying within 10% of peak around here. I know that people are saying we're in the eye of the storm etc., but from where I am it just seems like I have to wait even longer to buy at a 'normally expensive' price (as opposed to an astronomical one). Trouble is, even when we do resume a downward slide, people will still be waiting for the 'next bounce', which will prolong the bloody thing even more. I don't want to wait much longer to buy and never intended on waiting until market bottom, just wanted a 2.5 - 3x mortgage over a reasonable term that I can afford without feeling like a complete slave. At the moment, I can phucking sing for this aspiration, even on £50 phucking K a year that I get by working my ba5stard ar5e off all hours and kow towing to ar5ehole managers at work. I could, of course, comfortably afford a big enough house for my family at current prices, but only in an area where they sell phucking crack from the ice cream vans and you have to wear a stab vest to go and buy a loaf of bloody bread. And that's with a 6 figure deposit. I hate this ba5stard country's mentality, I really do. :angry: If I was in my twenties right now I'd pi55 on the passport as I left. Any advance?

A view of the earth from space should illustrate that we are very different from all other mammals, despite sharing similarities. Our ability to manipulate symbolic language so that it is a tool for self reflection as well as environmental manipulation (through communication) is quantitatively and qualitatively different from other land dwelling mammals. Relational frame theory provides a radical behavioural account of language acquisition and its role in the generation of self. Do you have children? I would never hit mine and if someone else hit them, I'd be inclined to respond physically. I'm not a pacifist, but I don't think that assaulting people younger than you is good sport.

Obviously you've worked with a huge number of female psychologists. How can you expect this post to be taken seriously? Are you omnisicient and omnipresent, because that's the only way you'd have been able to get the evidence to back up your point.

A55holez Too much of the old 'columbian' before putting that graph together methinkz.

Tsk. How embarrassing.

It was in a small classified ad in the western mail today. I'm interested you said that it's good value for £300K - I haven't been to see it so I can't really comment from a position of knowledge, but it's a newish build on an identikit estate in South Wales (albeit a nice part of South Wales) and it's over a quarter of a million pounds - to me anything over £200K for something like that seems crazily expensive given local salaries. You'd have to be earning £90K a year to comfortably afford that, with a £30K 10% deposit - I'd expect more than that if I was on 90K.

Offer accepted at £302K (in Western Mail today). I'd have offered £280 tops for a repo. Who offers 4% below asking for a repo? Maybe I'm just tight

Snap. You could've lifted that post straight from my head!

I'd send the details to all the online newspaper newsdesks if I were you. This one might be one of the most consequential.

He doesn't post there any more, at least not using that name. Apparently his identity was blown, which is a shame, since I'd like to know his thoughts on the current situation.

You rent?!

They won't take any notice in CF15. "How very dare anyone suggest that my house is worth the same as the identical house next door that sold for £100K less than I would expect." I can hear it now. Lots going SSTC in CF15 at the moment - am really looking forward to seeing the LR figures on those. Unfortunately for my grand plan I suspect they are selling for close to asking. Interesting how the gap between CF15 and CF14 (whitchurch, rhiwbina) seems to be really widening. CF15 asking prices are at the most down 10% (apart from the odd repo). I think the 3 people hunting in CF15 have been on here for around 18 months at least now. Anyone think they'll buy this year?

Trouble is, once they've dropped 10%, they want asking price or near enough, rather than a reasonable offer (ie 10%) under the new asking price. Bitter experience speaking here, I can tell you

Women are never satisfied. Men are easily satisfied. This disparity is ruinous for both parties.

Yeah I agree - the wales boards have been refreshingly free of A Holes up to this point.

+1

Straight over his head.

In that case I'd need one even if I didn't own a monitor. All this tinfoil around my head acts as a pretty good aerial for allsorts.

Very useful info - thanks. Unfortunately I'm having offers refused at around 10% off.

I think this is a useful poll, for what it's worth. I'm beginning to wonder whether we're seeing the start of a 'crack up boom', engineered through the (near) ZIRP and QE, in which case maybe it's better to go all in, with the assumption that inflation will wipe out the debt. I will seriously go for a 4X mortgage to buy a fantastic property, along with my STR fund, if it looks like this is the way things are going. If we see rises in both indices for the next 2 months, particularly if they are +1%, I may make my move. I must admit that I didn't see such consistent rises in the indices coming, and at the moment don't really know what to make of it.

snap

I detect a note of cynicism on this thread. The sooner you just accept that women are incorrigible and leave it at that, the easier life gets. Oh, and saying 'sorry' even when you've done f*** all wrong helps as well.

Agree that they don't translate into what sellers will accept for their houses, but I think banks and building societies use the indices to value properties for mortgage purposes, and to calculate NAVs for their balance sheets.

When the Tories won their nightmarish 4th term in 1992, I remember lots of press stories saying that house prices would start to rise again, now the threat of a labour govt had receded. They didn't. It will be the same this time when Labour lose - elections have little bearing on house prices (however, this situation is unprecedented and when the new govt come in and look at the books, the resultant policy decisions may well have an effect, probably via emergency taxes.) The effect would be a downwards one.