It Has That 2007 Feel All Over Again...

[TheCountOfNowhere]

All the idiots talking about prices gong up for ever, new paradigms etc etc etc, is starting to feel like 2007 all over again.

Even with hindsight these fools believe it.

As soon as the printing presses stop, the election is past and the emergency budget called....we are in a right mess.

Buy hey, they might just keep printing money, if they do, we are in a right mess.

It's time people were told the facts, we are in a right mess.

The best thing about being in a right mess is estate agents are up to their necks in it

Edited January 31, 2010 by TheCountOfNowhere

[grey shark]

I reckon some sellers have learnt from the first part of the correction and are seeing this as a second and

last chance to get out at near peak prices ........

[funkydung]

I was getting that feeling too...and I feel a bit 'twisted' for doing so. Usually, bad news is...well....'bad news', but in the case of the economy for most HPC'ers bad news on the economy is...well...er...good news for the direction we want house prices to go in.

For example, whenever the stock market has a good day, I look on it negatively, but when it dives I have a little cheer.

All a bit perverted really. Am I the only one who thinks like this?

I suppose it is a fine line and the old adage 'be careful what you wish for' comes to mind.

[dances with sheeple]

I was getting that feeling too...and I feel a bit 'twisted' for doing so. Usually, bad news is...well....'bad news', but in the case of the economy for most HPC'ers bad news on the economy is...well...er...good news for the direction we want house prices to go in.

For example, whenever the stock market has a good day, I look on it negatively, but when it dives I have a little cheer.

All a bit perverted really. Am I the only one who thinks like this?

I suppose it is a fine line and the old adage 'be careful what you wish for' comes to mind.

I do this as well, for me a proper crash means the end of the lying and manipulation, and hopefully a wake up call for some sheeple. Judging by the amount of To Let signs popping up in Edinburgh, the end game approaches. Many have made truly idiotic buying decisions over the last few years and are about to pay the price IMO.

[Guest GravyTrain]

I was getting that feeling too...and I feel a bit 'twisted' for doing so. Usually, bad news is...well....'bad news', but in the case of the economy for most HPC'ers bad news on the economy is...well...er...good news for the direction we want house prices to go in.

For example, whenever the stock market has a good day, I look on it negatively, but when it dives I have a little cheer.

All a bit perverted really. Am I the only one who thinks like this?

I suppose it is a fine line and the old adage 'be careful what you wish for' comes to mind.

Not any more peverted than the cheer which has been displayed over the last 10 years over rising house prices.

Great!!! Let's price the young working generation (the one's who are breeding the next generation) out of a home of their own. This added to some of the most insecure rental laws around.

Now THAT'S perverted......and selfish and criminal.

Perhaps we're a nation of weirdos?

Edited January 31, 2010 by GravyTrain

[TheCountOfNowhere]

I'm personally looking forward to something collapsing very soon...best bet for me would be British Airways. Several people have said this year...we refuse to fly B.A...too much uncertainty.

They will of course be bailed out by us, the tax payers

[geneer]

Sad thing is its the same dull discredited bullish "arguments" being trotted out again.

Usually by posters who joined 07/08, called them selves "neithers" (despite having definative and sometimes extreme bullish opinions) and

who are strangely familar with the debate, feuding and name calling prior to the crunch.

[GrillsBears]

All the idiots talking about prices gong up for ever, new paradigms etc etc etc, is starting to feel like 2007 all over again.

Even with hindsight these fools believe it.

As soon as the printing presses stop, the election is past and the emergency budget called....we are in a right mess.

Buy hey, they might just keep printing money, if they do, we are in a right mess.

It's time people were told the facts, we are in a right mess.

The best thing about being in a right mess is estate agents are up to their necks in it

I love the sense of certainty.

As soon as the printing presses stop

Why would they? What have been the consequences so far? None that I can see, apart from the desires result of asset inflation.

the election is past and the emergency budget called.

So you're assuming the Tories win, which they may not? There will be no emergency budget should they not win and quite possibly in a hung Parliament.

Buy hey, they might just keep printing money, if they do, we are in a right mess.

For some reason you assume that those most able to protect themselves won't disadvantage others despite massive historical precedent to the contrary.

It's time people were told the facts, we are in a right mess.

People couldn't give a monkeys about facts. They would much rather aspire to riches than be told they can't have them. Politicians have to recognise this fact.

The best thing about being in a right mess is estate agents are up to their necks in it

You sure. The village in which I live had 6 pre crash and has 6 now. One mothballed another office that it has just reopened. Their letting arms seemed to have picked up any sales slack. There's no signs of them going anywhere.

Contrary to the claims of Bull denial that seem to be all the rage hereabouts I see nothing but wishful thinking by Bears. it's just about to go wrong we hear. The Bond vigilantes will sort it, IR raises will kill the market etc. etc. All well and good but absolutely none of them have happened yet. I see no evidence they will. The U.K will undergo a decline in living standards imo this is guaranteed, but HPC? If the world's biggest banking crash can't do it, nothing can.

[Guest GravyTrain]

Sad thing is its the same dull discredited bullish "arguments" being trotted out again.

Usually by posters who joined 07/08, called them selves "neithers" (despite having definative and sometimes extreme bullish opinions) and

who are strangely familar with the debate, feuding and name calling prior to the crunch.

Wouldn't fool Baldrick.

I also think some EA's (the ones that have learnt to string a sentence together) are on these forums.

EA's always make me laugh, each time I meet one, the market/buyer interest is always 'picking up'.

Edited January 31, 2010 by GravyTrain

[Guest absolutezero]

I'm personally looking forward to something collapsing very soon...best bet for me would be British Airways. Several people have said this year...we refuse to fly B.A...too much uncertainty.

They will of course be bailed out by us, the tax payers

Not the taxpayer. There's no such thing as taxpayers' money.

On a side note... You look forward to BA being bailed out by the State?

[TheCountOfNowhere]

You sure.

Yes. 100%.

Welcome to hard times. Mr. Browns 200 Billion election campaign will be ending soon, with defeat, not just for him, for all of us.

Edited January 31, 2010 by TheCountOfNowhere

[dances with sheeple]

I love the sense of certainty.

Why would they? What have been the consequences so far? None that I can see, apart from the desires result of asset inflation.

So you're assuming the Tories win, which they may not? There will be no emergency budget should they not win and quite possibly in a hung Parliament.

For some reason you assume that those most able to protect themselves won't disadvantage others despite massive historical precedent to the contrary.

People couldn't give a monkeys about facts. They would much rather aspire to riches than be told they can't have them. Politicians have to recognise this fact.

You sure. The village in which I live had 6 pre crash and has 6 now. One mothballed another office that it has just reopened. Their letting arms seemed to have picked up any sales slack. There's no signs of them going anywhere.

Contrary to the claims of Bull denial that seem to be all the rage hereabouts I see nothing but wishful thinking by Bears. it's just about to go wrong we hear. The Bond vigilantes will sort it, IR raises will kill the market etc. etc. All well and good but absolutely none of them have happened yet. I see no evidence they will. The U.K will undergo a decline in living standards imo this is guaranteed, but HPC? If the world's biggest banking crash can't do it, nothing can.

6 estate agents in a village? how old are you FFS! are they all for "local"people, who like to torture townies but otherwise won`t mix with them?

or are they catering for townies who have "settled" all the locals How can living standards decline when people`s houses will still be worth so much? wake up man, get with the program! This post is the biggest bunch of B.S I have read since the last one you made.

[xux42]

I'm personally looking forward to something collapsing very soon...best bet for me would be British Airways. Several people have said this year...we refuse to fly B.A...too much uncertainty.

They will of course be bailed out by us, the tax payers

I'm saving my biggest cheer for when 5 or 6 blue chips go down at once creating such a titanic systemic failure that bailout will be impossible.

Broon and badger will be found huddled in a corner with pencils up their noses going 'wibble'.

Then, finally, we can roll up our sleeves and grab the bull by the horns.

[GrillsBears]

6 estate agents in a village? how old are you FFS! are they all for "local"people, who like to torture townies but otherwise won`t mix with them?

or are they catering for townies who have "settled" all the locals How can living standards decline when people`s houses will still be worth so much? wake up man, get with the program! This post is the biggest bunch of B.S I have read since the last one you made.

It's simply a town / village in the SE of England. Deny all you want

Pike Smith and Kemp

Hunters property management

Davis Tate

Ballards

Wentworths

Stuarts

Parkers (incorporating Simmons and Lawrence)

So that's 8 really.

You can probably work it out from that if you are so inclined. Though you could just assume that I'm making it up.

Living standards can decline and certain asset prices will remain high. You are making the common mistake of assuming that a housing market requires active participation from the full spectrum of the populace. Has the last 10 years taught you nothing? The transfer of wealth to those with property from those without will continue.

House prices fell reaching a nominal bottom in Feb 2008 this low will not be tested again for a decade. Real terms may differ significantly but for the vast majority of people housing will continue to be unaffordable.

I have stated before I see no positives to hpi at all. That won't change a damn thing of the reality of it. That's why I am a neither. I'm not looking to invest or tell other people to do so. I believe that the property market in the U.K is a rigged game. Expecting to win in casinos is a mug's game.

[Now or never]

I was getting that feeling too...and I feel a bit 'twisted' for doing so. Usually, bad news is...well....'bad news', but in the case of the economy for most HPC'ers bad news on the economy is...well...er...good news for the direction we want house prices to go in.

For example, whenever the stock market has a good day, I look on it negatively, but when it dives I have a little cheer.

All a bit perverted really. Am I the only one who thinks like this?

I suppose it is a fine line and the old adage 'be careful what you wish for' comes to mind.

With you on this one, but it's not just about house prices any more; the whole UK is a effing f up!

I've got kids, so don't long for a total meltdown, but at the same time realise that we need one.

[dances with sheeple]

It's simply a town / village in the SE of England. Deny all you want

Pike Smith and Kemp

Hunters property management

Davis Tate

Ballards

Wentworths

Stuarts

Parkers (incorporating Simmons and Lawrence)

So that's 8 really.

You can probably work it out from that if you are so inclined. Though you could just assume that I'm making it up.

Living standards can decline and certain asset prices will remain high. You are making the common mistake of assuming that a housing market requires active participation from the full spectrum of the populace. Has the last 10 years taught you nothing? The transfer of wealth to those with property from those without will continue.

House prices fell reaching a nominal bottom in Feb 2008 this low will not be tested again for a decade. Real terms may differ significantly but for the vast majority of people housing will continue to be unaffordable.

I have stated before I see no positives to hpi at all. That won't change a damn thing of the reality of it. That's why I am a neither. I'm not looking to invest or tell other people to do so. I believe that the property market in the U.K is a rigged game. Expecting to win in casinos is a mug's game.

Your first paragraph is nonsense because every man and his dog has been into property for the last ten years, people who normally lived in council houses became BTL landlords, this is the first and last time we will see such participation in our lifetimes. If that level of participation can`t keep the market afloat, nothing can. There is a transfer of wealth all right, but it is from the leveraged to the debt free. If living standards decline no one wants to rent your house, and no one wants to buy your house, therefore the house owner or "owner" just gets poorer.

Second paragraph - how do you know this?

Third paragraph, there are no positives to HPI anymore, I agree, because of this there is no more credit for HPI, game over in other words, everything has changed. The "rigged" game recently lost around 20%, and yes no one really wins in a casino which is now obvious to all?

Edited January 31, 2010 by dances with sheeple

[Guest DoubleDigitCrackPipe]

I love the sense of certainty.

Like the "no bubble burst for the next 18 yrs" statement

People couldn't give a monkeys about facts.

Well certainly not the Nationwide

Contrary to the claims of Bull denial that seem to be all the rage hereabouts I see nothing but wishful thinking by Bears.

and continued double digit HPI isn't wishful thinking. Tell me, why did it ever drop down to single digits?

it's just about to go wrong we hear. The Bond vigilantes will sort it, IR raises will kill the market etc. etc. All well and good but absolutely none of them have happened yet.

Parts of the UK are already dropping, if you dare to look

I see no evidence they will.

May I suggest that, you, then, are not well read enough?

The U.K will undergo a decline in living standards imo this is guaranteed, but HPC? If the world's biggest banking crash can't do it, nothing can.

???

The banking crash was stopped by bailouts

Edited January 31, 2010 by DoubleDigitCrackPipe

[Lander]

Your first paragraph is nonsense because every man and his dog has been into property for the last ten years, people who normally lived in council houses became BTL landlords, this is the first and last time we will see such participation in our lifetimes. If that level of participation can`t keep the market afloat, nothing can. There is a transfer of wealth all right, but it is from the leveraged to the debt free. If living standards decline no one want`s to rent your house, and no one want`s to buy your house, therefore the house owner or "owner" just gets poorer.

Second paragraph - how do you know this?

Third paragraph, there are no positives to HPI anymore, I agree, because of this there is no more credit for HPI, game over in other words, everything has changed. The "rigged" game recently lost around 20%, and yes no one really wins in a casino which is now obvious to all?

Well said, agree entirely.

[0q0]

House prices fell reaching a nominal bottom in Feb 2008 this low will not be tested again for a decade.

Where do you get this idea from the bottom was Feb 2008? This is the second time you've said 2008. Those that have bought and general housing bulls say February 2009. My memory suggests Feb 2008 was not any kind of bottom.

[hirop]

If this excellent quality with high standard finish end terrace, in a nice street in north manchester has just been reduced by 7K how come the bottom is 12 months ago? This is it's second agent, it had been on at 97K since before last summer. Failed to complete once so far around September time - buyer couldn't get a mortgage (I know the vendor).

January 2010

* Price changed: from '£97,500' to '£92,000'

December 2009

* Agents Telephone found:

* Brief Description found: Beautifully presented end terraced property situated in [removed]. This property boasts superb and spacious living accommodation and has been modernised throughout. (contd...)

November 2009

* Detailed Description found: Two bedroom mid terraced propertyTwo recpetion roomsFitted kitchen and bathroomGas central heatedDouble glazedGarden to the rearBeautifully presented end terraced property situated in...

* Price found: £97,500

* Status found: Available

* Subtitle found: 2 bedroom terraced house

FTB's - Stop giving in to media spin on behalf of VI's. Only the sold prices in the area you are looking at in the property class you want to buy are relevant.

Edited February 1, 2010 by hirop

[TheCountOfNowhere]

what makes me laugh about the EAs and BTL types that post on here is that they only do it because they know the game is up. The ea's must know the sales volumes are low and the banks aint repossessing, they must be sh@ting themselves.

They hate us because they know we are right. I've not seen one sensible argument to why the market will go up or why it's a good thing...it's

only good for them cause it's their livlihood.

I dont hate

[South Lorne]

It's time people were told the facts, we are in a right mess.

...yeah..but we are also in a phony economy due to the pre election vacuum...as long as people understand this ..and after the election the real pain will begin to fix the wrong...

[wren]

...yeah..but we are also in a phony economy due to the pre election vacuum...as long as people understand this ..and after the election the real pain will begin to fix the wrong...

I think the UK will get much more interesting after the election. Especially next winter.

It's just a matter of waiting.

[expatowner]

Contrary to the claims of Bull denial that seem to be all the rage hereabouts I see nothing but wishful thinking by Bears. it's just about to go wrong we hear. The Bond vigilantes will sort it, IR raises will kill the market etc. etc. All well and good but absolutely none of them have happened yet. I see no evidence they will. The U.K will undergo a decline in living standards imo this is guaranteed, but HPC? If the world's biggest banking crash can't do it, nothing can.

+1

[Once in a lifetime]

If the world's biggest banking crash can't do it, nothing can.

Unemployment could... though not crashing that fast in Spain considering the 20%+ unemployment there.