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Daz

Four Minute Warning - Get Out Of Property Now

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It has been posted a few days ago. But no harm in doubling up on such a nice piece :)

Indeed it's cracking. Infact I spotted it on the mumsnet forum link here today :)

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The link is a piece of snake oil salesmanship...

Yeh, the world may be going to well in a handcart and property prices may be falling.

But if it's you home and you can afford the debt just keep paying it off

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If the wheels do drop off (and I expect they will) and gold rips to any where near $4000-8000 an ounce then i'd expect both sterling and the dollar to have the purchasing power of roughly half what it is today if it reaches that level. Salaries will have to rise almost as much and this is when houseprices so long as they stagnate will return to sensible earnings multiples. There will be short term pain but if you are going to invest in gold then you may as well invest in a property using an old fashioned head on old fashioned multiples and choose a well built **older** home in a nice area with low unemployment and outstanding schools.

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The link is a piece of snake oil salesmanship...

Yeh, the world may be going to well in a handcart and property prices may be falling.

But if it's you home and you can afford the debt just keep paying it off

If the house is your home and you are happy and can continue paying the mortgage at higher rates then indeed stay put unless you have to move. If however you have spare property, do not need or want to stay in your house or are considering buying then getting/keeping out of property seems to make sense if you can get within 10% of last years price as a seller or unless you can get 20% off last years price as a buyer. Of course if you are a seller who can no longer afford repaying the debt or are coming to the end of your 2 year smi payments in January then you probably don't have a choice.

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The link is a piece of snake oil salesmanship...

Yeh, the world may be going to well in a handcart and property prices may be falling.

But if it's you home and you can afford the debt just keep paying it off

It's aimed at investors rather than OOs. But it is blatantly selling the magazine. Still can't complain.

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The link is a piece of snake oil salesmanship...

Yeh, the world may be going to well in a handcart and property prices may be falling.

But if it's you home and you can afford the debt just keep paying it off

when the last pm was in power, whatever his name was, he claimed to have "Helped" 350,000 stay in their homes with mortgage assistance.

how many is it now?

half a million?

good advice, but hundreds of thousands are not taking it, while millions are paying.

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If the wheels do drop off (and I expect they will) and gold rips to any where near $4000-8000 an ounce then i'd expect both sterling and the dollar to have the purchasing power of roughly half what it is today if it reaches that level. Salaries will have to rise almost as much and this is when houseprices so long as they stagnate will return to sensible earnings multiples. There will be short term pain but if you are going to invest in gold then you may as well invest in a property using an old fashioned head on old fashioned multiples and choose a well built **older** home in a nice area with low unemployment and outstanding schools.

Im sure the PTB are in gold if your prediction is true, and they will blow that up when they so choose.

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For a lot of us, owning a house is more than a speculative investment. We bought our houses to live in. If you own your house you're more free to do with it what you like and you're not lining a landlord's pocket every month - if you own your house outright then you're not lining anyone's pocket every month.

House prices look set to drop but not dramatically - maybe 10% max. over the next year or two.

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For a lot of us, owning a house is more than a speculative investment. We bought our houses to live in. If you own your house you're more free to do with it what you like and you're not lining a landlord's pocket every month - if you own your house outright then you're not lining anyone's pocket every month.

House prices look set to drop but not dramatically - maybe 10% max. over the next year or two.

I'd say more like 25% and 2 years.

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For a lot of us, owning a house is more than a speculative investment. We bought our houses to live in. If you own your house you're more free to do with it what you like and you're not lining a landlord's pocket every month - if you own your house outright then you're not lining anyone's pocket every month.

House prices look set to drop but not dramatically - maybe 10% max. over the next year or two.

you hope...please show workings of :

Banking solvency in the coming 6 months

Deficit reduction plans in the next 6 months,

the cost of borrowing in the next 6 months. And with rentals soon be attacked from the government side, the monthly rent v mortgage sum.

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This advert has been doing the rounds for about 5 years now. The EXACT same advert.

yeah, those 2009 and 1st quarter 2010 figures were all available 5 years ago....:ph34r:

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I'd say more like 25% and 2 years.

id say more like 40% over the next 2 to 3 years myself, then 3 to 4 years stability and consolidation during a crack up boom and about another 40% off going into the end of the decade, but thats just me

Edited by Tamara De Lempicka

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I'd say more like 25% and 2 years.
Well, maybe. But What I mean is that we're not going to see changes of scale in house prices, like halving or 75%. Buying a house won't become much easier in financial terms for a lot of people, even if it's easirt to get a mortgage. Anyway, by the time prices have dropped by 25%, wages might have dropped too and interest rates will probably be on the rise.

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Well, maybe. But What I mean is that we're not going to see changes of scale in house prices, like halving or 75%. Buying a house won't become much easier in financial terms for a lot of people, even if it's easirt to get a mortgage. Anyway, by the time prices have dropped by 25%, wages might have dropped too and interest rates will probably be on the rise.

huge example of rationalisation -

Denial, Anger, Bargaining (you, and I mean you, are here), Depression, Acceptance

rationalise, threaten, deny, and generally talk b*llocks. How big is you mortage anyway?

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Good article, thanks.

Bonds - this doesn't include products such as NS&I certs, right? I often wonder how they can pay it all back..........

I also wonder whether I should get out of LLOY and BDEV. Got stakes in those at 63p and 83p, respectively. Would make a small loss on BDEV but could be worth it.

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The link is a piece of snake oil salesmanship...

Yeh, the world may be going to well in a handcart and property prices may be falling.

But if it's you home and you can afford the debt just keep paying it off

I agree. But the 'Get out of property now' is addressed to property investors, I believe.

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  • 146 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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