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The Masked Tulip

I Have Lost Interest

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

This is good news! As night follows day, house prices will now continue their fall. Please don't let the last bear return too soon.

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

no.

I am truly spoilt by renting a mansion. new double glazing coming in next week.

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Non. I have been in this "mode" for more than a year now. In 2009, thought it might be OK to wait a couple of years to trade up. Given the policies of central banks and govts since then, I've put it on the back burner until 2013, at earliest.

Planning a job move next year to somewhere nice , for about 12 months. Will rent and enjoy the sunshine :D

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If rents weren't so high I would probably not buy.

However, around here you get a dump for £1k.

Thougfht about buying in the W Midlands where I used to live and retire there eventually. Nice gaffs for about 100k less than South Coast.

I have a place lined up that is an estate sale without an EA but don't know what they want for it yet. They may be unaware of the falling market around here. I just want to get settled and stop obsessing about it TBH.

5 years on HPC.co.uk :o

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The bottom would be years away anyway even with double digit annual falls, I'd guess second half of this decade there might be a good time to buy. No point in thinking about it too much until then except to marvel at the show. Probably buying a house will seem much more enticing when they don't have such silly price tags on them.

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

Nope. I've been trying to do that for almost a year, unsuccessfully until very recently, but something is changing inside :) . I am starting to be OK with renting. I have even thought about changing my forum name, from "Tired of Waiting" into something more positive, like "Happy with Renting". I kid you not.

We have decided to rent a better place around February/March next year, and try to get a long term let, like 3 years, and forget this HP malarkey for a while.

And maybe even get a better car soon too. Perhaps even an Alfa 159! B) (Used, of course...)

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If rents weren't so high I would probably not buy.

However, around here you get a dump for £1k.

Thougfht about buying in the W Midlands where I used to live and retire there eventually. Nice gaffs for about 100k less than South Coast.

I have a place lined up that is an estate sale without an EA but don't know what they want for it yet. They may be unaware of the falling market around here. I just want to get settled and stop obsessing about it TBH.

5 years on HPC.co.uk :o

Pretty much my position now.

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

I've been losing interest in buying a house for a few years. Being retired, we have been spending up to six months of the year in continental Europe, mostly France.

We currently rent a house in the south east and two of our children live in it with us, or without us for six months of the year we are away. They will probably be moving out soon, so we may ditch the long term rental and take short term rentals wherever we are. So perhaps it will be summer in northern France, winter in Italy or Spain, spring in south of France, autumn in UK, or whatever takes our fancy.

Having said that, I'll probably buy something when prices are bobbing along the bottom, but we are certainly in no rush.

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Hi

Yeah i know the feeling i look at prices and I am getting board now too.

Starting to think i would rather go on holiday more often etc and having money in the bank is a lovely feeling.

The greedy can ask what they want it wont be me paying.

Even if they started dropping at 1%+ per month i think its got a long time before we see a bottom.

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

Not really. I live in a small house, I want a bigger one! My mortgage, which was £142K is now down to £40K and falling fast. I am thinking next year, sod it, I'm going to buy whatever. I will probably get a house 50-60% more expensive than I can sell my current one for, so a £20K fall in the price of the house I'm going to buy probably means a £12-£14K fall in my own anyway, so I will have saved only £6-8K. a £20K fall will take aaaaages, so unless it's warp speed crash, will probably just pile in next summer.

Not delighted about it, but should be able to get a good mortagge deal with 60%-odd deposit.

Then never log on here again... ;)

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I think I have come to the point where I have lost interest in houses and buying one.

Yes, I am seeing some price drops in my area but most are very sticky and in denial IMPO so...

I am thinking more about quality of life, moving elsewhere, my career, investing my money in something else and generally just forgetting about houses for a few years.

Am I the only one on HPC thinking like this?

Cheer up - Armageddon really is just around the corner (assuming that is what you have been waiting for). I have seen plenty of evidence of it this week. I don't wish to tell all just yet but even in two weeks I have seen a dramatic change. It all has to do with the 'ripple in effect' and you are somewhere near the centre.

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Seems crazy people on here would wait another 5 years of their lives hoping for price falls while persistent low interest rates will erode their savings.

Wake up people! Prices will not crash in the way you hope.

Look at your local market and see the potential rental yield, while there is money to be made from BTL there will be no falls.

If I was you I'd go buy in an another European country, anywhere but here.

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Seems crazy people on here would wait another 5 years of their lives hoping for price falls while persistent low interest rates will erode their savings.

Wake up people! Prices will not crash in the way you hope.

Look at your local market and see the potential rental yield, while there is money to be made from BTL there will be no falls.

If I was you I'd go buy in an another European country, anywhere but here.

Buy to lets becoming a liability?

I can live with inflation eroding my savings for a few years, I'm sure as hell not going to buy a house and watch it lose a hundred and fifty odd grand over the next few years.

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Having been brought up in the 'home ownership' mentality I spent the first 5 years of renting looking to buy a house.

I very nearly buy did a couple of times. The first time I was stopped by the owner wanting an unrealistic price (some things never change), and we ended up in bitter stalemate. Eventually the owner sold to someone else for 10% less than my offer even though my offer was still on the table (phew). The second time was a marvelous house, a repossession in the last crash, priced right, one of two semis in a great rural location that was perfect for me. Now, every time I drive past I am so so thankful I don't have the neighbours the eventual buyers have had to endure for the last 10 years, their house has become unsaleable.

I have now rented the same place for 15 years. How long I will stay I do not know. Having saved though renting I could afford to buy outright the equivalent of what I now rent, but as I am only temporary, why do I need to own an expensive cave ? My mindset has changed.

Edit to add, until prices are what I think they should be, which is 50% of present, then I may think again. But it is no great issue. It will be a purely economic decision rather than driven by wanting a 'my own pile of bricks'. I have a home.

Edited by LiveinHope

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I fear that if house prices crash to the point where they will represent good value Vs earnings multiples, that will be the point that you really WON'T want to buy one.

I say this because whichever one, or combination of the socialist parties (cons, dems, labour) happens to be in power, the mantra will always be "those with the broadest shoulders will be asset stripped by whichever means possible, excluding bankers".

The "broadest shoulders" being property owners, who will suffer increased council tax and probably some form of land tax as well.

I think the politicians are rapidly waking up to the fact that their fiat currencies are worthless, and the only assets that have value are those that cannot be printed.. land, property, gold etc, and as people move their paper currencies into valuable assets, it will be precisely these assets that are targetted.

Redwine has found some gems in france (in the intl property french thread) about french authorities whacking up land tax by 100's even 1000's of a %.

The capital redistribution from those who have, to those who haven't (those who would otherwise riot), and yet more to the banking fraternity (those who would threaten to shut the cashpoints).

Middle classes... prepare to be gouged, in every orifice. :huh:

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Cheer up - Armageddon really is just around the corner (assuming that is what you have been waiting for). I have seen plenty of evidence of it this week. I don't wish to tell all just yet but even in two weeks I have seen a dramatic change. It all has to do with the 'ripple in effect' and you are somewhere near the centre.

Hey don`t keep information to yourself. If you know anything at least give us the bare bones.

Whos in the centre.??? :huh:

Edited by GinAndPlatonic

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Cheer up - Armageddon really is just around the corner (assuming that is what you have been waiting for). I have seen plenty of evidence of it this week. I don't wish to tell all just yet but even in two weeks I have seen a dramatic change. It all has to do with the 'ripple in effect' and you are somewhere near the centre.

You are taunting me... From which direction are the ripples coming... if I am close to the centre is that good or bad? How do you know I am close to the centre.... I think you do need to tell more... What have you seen or what do you know?

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Imagine when prices do fall - and you buy a house - and ALL that money you've saved just goes away on the downpayment. OK so having the house would be great but I'd feel a bit sick seeing the savings go after so long building them up - am enjoying investing them!

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Seems crazy people on here would wait another 5 years of their lives hoping for price falls while persistent low interest rates will erode their savings.

Wake up people! Prices will not crash in the way you hope.

Look at your local market and see the potential rental yield, while there is money to be made from BTL there will be no falls.

If I was you I'd go buy in an another European country, anywhere but here.

this is the coldnt care less thread.

people arent hoping, wasting cash, looking at BTL or anything.

Thay are getting on with their lives rather than counting every penny they win or lose.

Earning £50 a month on a BTL that is losing capital every month isnt going to raise much enthusiasm either.

Its like gold bugs saying "yeah earned 10$ this week on me gold"...unless you have a kilo...its better to work for a living.

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If rents weren't so high I would probably not buy.

However, around here you get a dump for £1k.

Thougfht about buying in the W Midlands where I used to live and retire there eventually. Nice gaffs for about 100k less than South Coast.

I have a place lined up that is an estate sale without an EA but don't know what they want for it yet. They may be unaware of the falling market around here. I just want to get settled and stop obsessing about it TBH.

5 years on HPC.co.uk :o

Never thought I'd see the day when you gave up.

We're having to do something because the landlord is selling up.

Other rentals are just potty - a small 4 bed detached estate house seems to go for between £1450 and £1600 a month. Too rich for my blood. I've decided not to keep another landlord in the market by paying them a small fortune each year.

Despite all the media reporting on rents going up, massive demand etc. - we've started telling rental agents to tell their landlords to stick their properties - unless they want to knock £400 off the rent. We're just beginning to get a couple of them come back with 'they won't drop £400, they'll consider £200'.

In the meantime we've found a place to buy - it's a bit out of our area but youngest lad is only at school for another couple of years so we'll just have to do a bit of driving. I found out today we're paying exactly twice what it sold for last time around - in 1987.

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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