Have We Bottomed?

[Greg Bowman]

Nope i've never inherited anything. Everything I have I worked for belive me!!

Everybody on this website is a VI.

Think about it what effect would it have on your family your grand children and there children if you stick to the plan of NEVER selling property.

It's been a model employed by my family for multiple generations!

It's there, there it is, how many people on this site have had property owning wealth for generations! come out now you are just another upper middle class T***pot making out they have actually worked for all the advantages their lucky sperm club membership conferred upon them.

No wonder you all seem to be socialists Nulabour is the best thing to happen to class immobility in years.

Edited May 29, 2009 by Greg Bowman

[libspero]

I will ask again: citation needed.

Don't be daft, bulls are property experts.. everything they say is true. Fact. End of story.

Now quick.. get out there buying before [insert time critical cliche here].

[LondonToManchester]

Yeah the graphs are showing me that the housing market has slid approx twenty percent since peak. The footsie is bouncing around in the 4000's when it used to be over 7000. Job losses are going up. Mortgage and MBS markets nuked. Size of deposit greatly increased and will be staying that way. That'll cut down on people with little money buying a house.

Job loses haven't even really kicked in yet.

This site alway said house prices are sticky downwards. Are indeed they are. I signed up for one year in rental accomodation. I'm not worried in the slightest. Prices will be cheaper next year.

Job loses haven't even really kicked in yet.

Do you think the RATE of job losses will increase?

[Sibley's Love Child]

Job loses haven't even really kicked in yet.

Do you think the RATE of job losses will increase?

What!!!! How fast do you want it to go? Do you have access to newspapers and television?

[The Fisher King]

I know a lot of people around me who are starting to call this moment as the bottom of the market much to my consternation.

I live in Cardiff, we have some new 4 bed houses going up near us for £560K and they've all sold- it's madness! There are still plenty of lunatics on the loose from the asylum.

We must have further to fall........for me it just dosen't add up.

Edited May 29, 2009 by The Fisher King

[LondonToManchester]

I know a lot of people around me who are starting to call this moment as the bottom of the market much to my consternation.

I live in Cardiff, we have some new 4 bed houses going up near us for £560K and they've all sold- it's madness! There are still plenty of lunatics on the loose from the asylum.

We must have further to fall........for me it just dosen't add up.

If you have a stable job it's not that difficult to get 4.5 multiples.

The thing is you don't want to miss the boat ant then spend another decade moaning about being priced out and wanting the government to step in.

In face i would even go as far to say it's irrisponsible NOT to buy!

[Financial Hack]

If you have a stable job it's not that difficult to get 4.5 multiples.

The thing is you don't want to miss the boat ant then spend another decade moaning about being priced out and wanting the government to step in.

In face i would even go as far to say it's irrisponsible NOT to buy!

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!

Missed the boat

Irresponsible not to buy

Go on then, you snap up all those bargains in Wales for your pwoperty portfolio, please. But don't expect me to buy the big issue from you in a few years' time.

[The Fisher King]

If you're on £40K in Cardiff which is a good salary for these parts - you're looking at £160-200K mortgage that still leaves a lot of equity to find for a £560K house.

Knock £150K off and we're starting to get sensible.

[Guest theboltonfury]

If you have a stable job it's not that difficult to get 4.5 multiples.

The thing is you don't want to miss the boat ant then spend another decade moaning about being priced out and wanting the government to step in.

In face i would even go as far to say it's irrisponsible NOT to buy!

Because BTL haven't been pleading for gov intervention.

WTF is wrong with you bro?

[Bosh]

Job loses haven't even really kicked in yet.

Do you think the RATE of job losses will increase?

From what I understand the last reported fall was a record fall

Estimated in most forms of press to hit 3m at xmas this year or just after.

[andykn]

If you have a stable job it's not that difficult to get 4.5 multiples.

The thing is you don't want to miss the boat ant then spend another decade moaning about being priced out and wanting the government to step in.

In face i would even go as far to say it's irrisponsible NOT to buy!

You are wise not to back up any of your assertions with evidence any more as the ones about house prices and rents rising did rather show that wasn't true.

[Fairies Wear Boots]

Job loses haven't even really kicked in yet.

Do you think the RATE of job losses will increase?

Not sure. But those who have only recently lost their job and those about to have still been paying their mortgage and have a bit of a back stop.

The economy is contracting, more jobs gone, more mortgages going unpaid. More reposessions.

What on earth are you trying to argue?

[the primitive]

If you have a stable job it's not that difficult to get 4.5 multiples.

The thing is you don't want to miss the boat ant then spend another decade moaning about being priced out and wanting the government to step in.

In face i would even go as far to say it's irrisponsible NOT to buy!

Wow i think you are even more of a pl0nker than Sibbers. Good effort.

If you can buy a £560K house in Cardiff, you either need a HUGE deposit or a job earning well over £100K and even then you'd need minimum 56K deposit.(to take the upthread example)

The latter is very rare thereabouts, so the former seems more likely.

And there are NOT ENOUGH people in this country with large enough deposits to sustain any form of HPI from where we are today.

Sorry bro

[Financial Hack]

Not sure. But those who have only recently lost their job and those about to have still been paying their mortgage and have a bit of a back stop.

The economy is contracting, more jobs gone, more mortgages going unpaid. More reposessions.

What on earth are you trying to argue?

Indeed. Worth remembering that while many big companies have announced job losses, they have yet to complete the required consultation period with staff, so most of these people are still in work, for now. Those that have just left will have their notice period pay, redundancy settlement, and maybe a bit of savings.

But eventually, the money will run out, and with so few job vacancies around, they will struggle to deal with that problem.

[profitofdoom]

You all dismiss him.

But the statement of "the economy is slowly recovering" is worth discussion, we could be at that point and the UK PMI next week will be a key report. We may have a rainbow chaffinch event as predicted by some posters we may have a W recession, but these are no mean certaintites, like recovery is no certainity.

Also over the past 3 months I have noticed some long term bears on here saying "I have gone and done it and bought a house" something that I have never seen before.

A sensible reply.I too think that a slow recovery has started.I don't think the house price increases will be sustained and there may well be further falls later in the year,but I do think talk of 50/60% falls was ridiculous.i always thought 35% was the maximum and now I think that may be closer to 30%,reaching a bottom late this year.then no particular movement for some good while.

[Financial Hack]

A sensible reply.I too think that a slow recovery has started.I don't think the house price increases will be sustained and there may well be further falls later in the year,but I do think talk of 50/60% falls was ridiculous.i always thought 35% was the maximum and now I think that may be closer to 30%,reaching a bottom late this year.then no particular movement for some good while.

Worth remembering that in the 1990s, while the recession was over in early 1992, house prices did not stop falling until 1995.

[Jim B.]

Worth remembering that in the 1990s, while the recession was over in early 1992, house prices did not stop falling until 1995.

Yes. We may well see some growth in GDP and other signs, but the recovery in the housing market will be a few years behind any recovery in the general economy.

Anyway, it's far to early to even be discussing these things yet. 500,000 people will most likely be made unemployed in the next six to nine months, lending is still heavily restricted, anyone who thinks we're at bottom now is NUTS.

[Wait & See]

I would say stock has bottomed.

Will we ever see Bank of Ireland at 12c again, or RBS at 9p??

If this is not the bottom then it's not far off IMO. BKIR was 19euro at the height. 12c was IMO at laughable giveaway. Think three years into the future. Do you honestly think , if they survive, the stock price will be anywhere near this.

AIG, RBS, Citi and a few others are also crazy cheap . Eveyone should be filling their boots right now.

Are you all happy earning 2.5% per year with that high interst savings account??

Currently with BKIR, I'm up 120%. Get RBS and Lloyds bought now. They are still amazing bargains for the next few years. (I know about all the issues and problems and hate the way they have behaved, but, I won't cut off my nose despite my face).

Please guys, buy some financial stock and get a cheap property bought, in cash, by 2013.

Edited May 29, 2009 by Wait & See

[Uriah Heap]

House prices up!

Rents increasing!

Pound Rising!

FTSE recovering!

Unemployment not rising as fast as people feared (no longer expected to hit 3 million mark by year end)!

These are all facts!! Good times are slowly returning!

Is now the time for bears to jump in or risk another decade on pricedout.org!

http://i186.photobucket.com/albums/x259/al...epalmbq8dj7.jpg

[Lepista]

I won't cut off my nose despite my face).

Sorry, that is _very_ funny.

[Financial Hack]

I would say stock has bottomed.

Will we ever see Bank of Ireland at 12c again, or RBS at 9p??

If this is not the bottom then it's not far off IMO. BKIR was 19euro at the height. 12c was IMO at laughable giveaway. Think three years into the future. Do you honestly think , if they survive, the stock price will be anywhere near this.

AIG, RBS, Citi and a few others are also crazy cheap . Eveyone should be filling their boots right now.

Are you all happy earning 2.5% per year with that high interst savings account??

Currently with BKIR, I'm up 120%. Get RBS and Lloyds bought now. They are still amazing bargains for the next few years. (I know about all the issues and problems and hate the way they have behaved, but, I won't cut off my nose despite my face).

Please guys, buy some financial stock and get a cheap property bought, in cash, by 2013.

I think you're right, stock is a decent option right now, and might look into it once my 3.5% bond matures in November. Not worth losing the interest to cash it in early.

[Wait & See]

Sorry, that is _very_ funny.

Damn pints of Stella at lunchtime. Anyway, I don't want to spite my face. Far too handsome.

[LondonToManchester]

Worth remembering that in the 1990s, while the recession was over in early 1992, house prices did not stop falling until 1995.

Also worth mentioning we live in a different world now!! Internet and BTL 0.5% rates so the recovery could happen really quickly.

[Stars]

Also worth mentioning we live in a different world now!! Internet and BTL 0.5% rates so the recovery could happen really quickly.

Not unless you have some production

As i have said before, a parasite needs a living host

sorry

[Zzzzzzzzzzzzzzzzzzzzzzzzzz]

Oil feckin well has - $66 DOLLARS A BAR and RISING! YikeS!