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Bear Faced Cheek

Help! I'm Surrounded By Bulls!

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So, I'm sitting at work in the office and I am surrounded by bulls. People bidding £750,000 for London houses but then losing out in sealed bids against half a dozen people. It's like The Telegraph 'Tis The Season To Be Jolly' piece. Er, but in real life.

I've gently suggested that buying a house at the moment isn't a particularly good idea, but their eyes glare back in horror as if I've just tried to convert them to satanism

I've been addicted to this site for years, but this is my first ever post - I feel compelled to write this as I just got shouted down by my whole team, stating the following:

1) The media 'love negativity', that's all this is

2) 'No-one knows' what's going on with pwoperdy prices

3) 'Good' houses have completely retained their 2007 values

4) I should stop talking down the market

5) If a million more people than normal are unemployed, so what? There's still millions and millions employed!

6) Only new build flats are bringing prices down

etc. etc. etc.

Question (since I'm starting to go insane here): despite everything that we know, are there enough sheeple out there for house prices to retain their 2007 'value'?

Also, would be interested to hear of your stories about friends/colleagues/family who are also spouting this, ahem, bull.

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What kind of office / industry are you working in, as it seems there are no job worries at your place?

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Question (since I'm starting to go insane here): despite everything that we know, are there enough sheeple out there for house prices to retain their 2007 'value'?

Also, would be interested to hear of your stories about friends/colleagues/family who are also spouting this, ahem, bull.

Best bet is keep quiet and bide your time; much the same in my office I'm afraid, generally they think its all over.

In the end it doesn't matter how many sheep the VI's can con into believing their bulls***; the banks are not going to go back to lending 5x self-certified income on 95%+ LTVs, without this 2007 prices simply can't come back.

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Guest DissipatedYouthIsValuable

Use a faux enthusiasm to help them lose everything.

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ask them if they believe thats property is a great inventment and if yes, then tell them to put their money where their mouth is and buy everything they can.

and when they go bust, laugh. :P

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Various offices of the company I work for are relocating. That means a lot of people are having to move house. A couple of us have been bears since 2005, the rest agnostic or bulls. Now, faced with the reality of the market, all are bears; most forced sellers are STRing, partly due to bearishness and partly due to lack of decent stock on the market.

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So, I'm sitting at work in the office and I am surrounded by bulls. People bidding £750,000 for London houses but then losing out in sealed bids against half a dozen people. It's like The Telegraph 'Tis The Season To Be Jolly' piece. Er, but in real life.

I've gently suggested that buying a house at the moment isn't a particularly good idea, but their eyes glare back in horror as if I've just tried to convert them to satanism

I've been addicted to this site for years, but this is my first ever post - I feel compelled to write this as I just got shouted down by my whole team, stating the following:

1) The media 'love negativity', that's all this is

2) 'No-one knows' what's going on with pwoperdy prices

3) 'Good' houses have completely retained their 2007 values

4) I should stop talking down the market

5) If a million more people than normal are unemployed, so what? There's still millions and millions employed!

6) Only new build flats are bringing prices down

etc. etc. etc.

Question (since I'm starting to go insane here): despite everything that we know, are there enough sheeple out there for house prices to retain their 2007 'value'?

Also, would be interested to hear of your stories about friends/colleagues/family who are also spouting this, ahem, bull.

Two of my freinds have now bought "as it's a good time to buy" I do not get involved with trying to educate people anymore (even my own family) I keep my thoughts to myself and my fellow enlightened ones. I could not care less if they lose money or not. It is zero skin off my nose if they do. I KNOW what is happening and I KNOW what will happen and that is good enough for me ;)

Edited by Soul Reaver

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So, I'm sitting at work in the office and I am surrounded by bulls. People bidding £750,000 for London houses but then losing out in sealed bids against half a dozen people. It's like The Telegraph 'Tis The Season To Be Jolly' piece. Er, but in real life.

I've gently suggested that buying a house at the moment isn't a particularly good idea, but their eyes glare back in horror as if I've just tried to convert them to satanism

I've been addicted to this site for years, but this is my first ever post - I feel compelled to write this as I just got shouted down by my whole team, stating the following:

1) The media 'love negativity', that's all this is

2) 'No-one knows' what's going on with pwoperdy prices

3) 'Good' houses have completely retained their 2007 values

4) I should stop talking down the market

5) If a million more people than normal are unemployed, so what? There's still millions and millions employed!

6) Only new build flats are bringing prices down

etc. etc. etc.

Question (since I'm starting to go insane here): despite everything that we know, are there enough sheeple out there for house prices to retain their 2007 'value'?

Also, would be interested to hear of your stories about friends/colleagues/family who are also spouting this, ahem, bull.

Are you sure they're all bulls? It could be that they are just ignorant to the HPC and have yet to try to sell their proberdies?

In any case, let them spunk all their money away. It'll mean someone gets a cheap repo or low rental down the line :P

Edited by pie-eater

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So, I'm sitting at work in the office and I am surrounded by bulls.

Best not to discuss religion and HPC in public. Interestingly, I found the religious interperation of being surrounded by bulls interesting :)

Geneva Study Bible:

Many bulls have compassed me: strong {g} bulls of Bashan have beset me round.

(g) He means that his enemies were so fat, proud and cruel that they were more like beasts than men.

Wesley's Notes

22:12 Bulls - Wicked and violent, and potent enemies; for such are so called, Ezek 39:18 Amos 4:1. Of Bashan - As the cattle there bred were, and therefore fierce and furious.

VMR.

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Guest มร หล&#3
Use a faux enthusiasm to help them lose everything.

+1

Don't waste breath.

£750,000!!! I just finished mine for around £35k! :lol:

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The first rule of HPC is dont talk about HPC....

......or suffer the consequences.

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Guest DissipatedYouthIsValuable
+1

Don't waste breath.

£750,000!!! I just finished mine for around £35k! :lol:

Only 35k? Can't possibly be as good ;-)

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Some people seeing me browsing this site at work have assumed I'm an 'owner' and said to 'not worry as prices will go up again eventually' :lol::lol:

Others I have directed to this site went ahead and bought in 2007 :blink:

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Some people seeing me browsing this site at work have assumed I'm an 'owner' and said to 'not worry as prices will go up again eventually' :lol::lol:

Others I have directed to this site went ahead and bought in 2007 :blink:

Just let them go ahead and "buy" [rent from the moneylenders] their "dream" [nightmare] homes....

They are going to spend the rest of their lives frying in hell. 100% their fault. F*ck 'em.

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Your work collegues are right to be bullish it is you that is out of step. Everywhere I look now property is selling. Not enough sellers for buyers is what I am hearing.

Bloke I know sold his flat for only 10% below 2007 peak price. End of last year was getting offers below 20%. Knew that if he held out for another 6 months would get the offer he wanted. Thing is that the property went for £270k which is in the stamp duty dead area. Well not anymore!

It will not be long before we see these sales reflected in the House price indices and start to see them rise. By the end of the year most House price indices will be showing positive and by the end of 2010 up by as much as 10%.

Remember that this site is ocupied by a few hundred where as there are many millions of sheeple out there!

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Remember that this site is ocupied by a few hundred where as there are many millions of sheeple out there!

You said it.

And where do sheeple end up?

The abattoir.

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Your work collegues are right to be bullish it is you that is out of step. Everywhere I look now property is selling. Not enough sellers for buyers is what I am hearing.

Bloke I know sold his flat for only 10% below 2007 peak price. End of last year was getting offers below 20%. Knew that if he held out for another 6 months would get the offer he wanted. Thing is that the property went for £270k which is in the stamp duty dead area. Well not anymore!

It will not be long before we see these sales reflected in the House price indices and start to see them rise. By the end of the year most House price indices will be showing positive and by the end of 2010 up by as much as 10%.

Remember that this site is ocupied by a few hundred where as there are many millions of sheeple out there!

Perhaps you'd care to explain how this is possible with rising unemployment, stricter lending from banks (which shows no sign of abating for years) and interest rates set only to go one way...

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Best not to discuss religion and HPC in public. Interestingly, I found the religious interperation of being surrounded by bulls interesting :)

Geneva Study Bible:

Many bulls have compassed me: strong {g} bulls of Bashan have beset me round.

(g) He means that his enemies were so fat, proud and cruel that they were more like beasts than men.

Wesley's Notes

22:12 Bulls - Wicked and violent, and potent enemies; for such are so called, Ezek 39:18 Amos 4:1. Of Bashan - As the cattle there bred were, and therefore fierce and furious.

VMR.

2 Kings 2:23-24:

23 Then he [Elisha] went up from there to Bethel; and as he was going up by the way, young lads came out from the city and mocked him and said to him, “Go up, you baldhead; go up, you baldhead!” 24 When he looked behind him and saw them, he cursed them in the name of the LORD. Then two female bears came out of the woods and tore up forty-two lads of their number.

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Question (since I'm starting to go insane here): despite everything that we know, are there enough sheeple out there for house prices to retain their 2007 'value'?
It doesn't matter how ignorant they are; they still can't spend what they can't earn or borrow. It's going down.
Your work collegues are right to be bullish it is you that is out of step. Everywhere I look now property is selling. Not enough sellers for buyers is what I am hearing.
He's talking a load of bulltrap. That's what we're currently experiencing. You're doing the right thing in trying to persuade friends not to get caught, even if it is a thankless task.

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