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The Masked Tulip

80 Per Cent Of Homes Bought Since 2006 Worth Less Than Original Price

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The great thing about the Metro is that so many read it - we even have it on the buses in Swansea now... so all good.. Except that probably those flogging their ludicrously priced houses are driving around in cars...

Need to stand at traffic lights with a bunch of Metros hurling them through open car windows at drivers... :unsure:

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sizzling spring but what does summer hold?

in todays 20 minuten

Der Frühling 2011 schlug fast alle Rekorde. Er war äusserst trocken und extrem warm. Seit Tagen wechseln sich jetzt jedoch Regen und Sonne ab. Was bedeutet das für den Sommer?

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Edited by georgia o'keeffe

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It's a shame that more fecking idiots didn't take notice of what was posted on housepricecrash during 2006/2007 etc, instead of calling it's members doom-mongers and nutters.

Stupid bastards, the lot of them and they've just destroyed the country for those of use who knew that paying £220,000 for a 1 bed flat was a nonsense too.

Damn them all to bankrupsy and a tent. :rolleyes:

Edited by Wait & See

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In the actual paper it had a headline along the lines of "homeowners find themselves living underwater" or something, that conjured up this:

fish_castle.jpg

I daren't think how much that would be on sale for in Swansea? Half a mill at least.

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I think it is probably the riskiest time to buy a house (using a mortgage) in a hundred years or more.

Now risky might cut both ways, by its very nature, as we know. But it isn't much different to walking into a casino and putting everything you have on black. (In fact, even that doesn't quite describe it. You might lose everything you've got in a casino; with a mortgaged asset you might lose more than you've got.)

Yes, it is a kind of opposite shorting isn't it. You gamble on capital increases but the downside can bankrupt you.

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Sentiment will start to become bearish, imo, as a result of this type of report. However, I believe I read recently that more QE is on the agenda for TPTB. It won't work any better than last time, of course, but it will prolong the agony for everyone I'm sure.

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Funny. Guy i know bought in 2007 thinks its 'worth' £100k more now. (ie from £220k to £320k) Of course, when he tried selling for this, no one was interested (last identical housetype i saw actually went for £140k, not an insignificant deviation from £320k) so he's renting it out instead. Still thinks its worth £320k.

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Funny. Guy i know bought in 2007 thinks its 'worth' £100k more now. (ie from £220k to £320k) Of course, when he tried selling for this, no one was interested (last identical housetype i saw actually went for £140k, not an insignificant deviation from £320k) so he's renting it out instead. Still thinks its worth £320k.

...sad to say but some do so suffer from illusions of grandeur......if it makes them feel happy just nod and say "yes of course it is worth £320k".....not worth upsetting people unnecessarily. ;)

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Funny. Guy i know bought in 2007 thinks its 'worth' £100k more now. (ie from £220k to £320k) Of course, when he tried selling for this, no one was interested (last identical housetype i saw actually went for £140k, not an insignificant deviation from £320k) so he's renting it out instead. Still thinks its worth £320k.

Christmas 2007. A mates Dad was off to work in the Far East, pretty much until retirement. I asked what he was going to do with his house. He was narked off as he thought it was worth £250K, but it was valued at £220K. So Narked off he was he decided he was going to keep it until it reached the £250K he believed it was worth. I warned him to get shot now as a housing crash was on the way. Without even istening to my side of things, he laughed. And laughed. And laughed. And wouldn't listen to anything I had to say about it.

Now fast forward 4 years. After long voids and a problem tenant, he has decided to sell. The same agents value the place. They tell him to put it on at £170, in the hope of getting 160K!! Plus something needs doing with the ecntral heating which will cost a couple of grand. Wow, if you thought he was narked off in 2007, you should see him now!

Obviously I didn't say 'I told you so' and I'm sure he has erased from memory my ignored advice. Oh well.

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Just another stupid old fool Flaps. Now you can laugh at him for being such a clown.

90% of the population seem very, very stupid these days. Dirty sheep who can't think for themselves.

Edited by Wait & See

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The great thing about the Metro is that so many read it - we even have it on the buses in Swansea now... so all good.. Except that probably those flogging their ludicrously priced houses are driving around in cars...

Need to stand at traffic lights with a bunch of Metros hurling them through open car windows at drivers... :unsure:

:D:D:D

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Obviously I didn't say 'I told you so'

Why not? If people don't keep getting told they'll keep convincing themselves that it's everyone's fault but their own.

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Why not? If people don't keep getting told they'll keep convincing themselves that it's everyone's fault but their own.

Well, like I say, it was a mates Dad and friend of the family. I know he knows though, and I know that he knows that I know that he knows etc!

Plus when my folks saw him later, they said he best get it on the market sharpish, as I'd told them that it is only going to get worse from here. He didn't just laugh this time and it is on the market :) I will be watching with interest!

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Yes but surely most aren't bothered because they actually bought the house to live in and not as an investment? I couldn't give a rats ass about property developers or BTL losing out though but then again, they are making money on rental income so do they care either?

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This newspaper article, in a quiet way, vindicates the majority of people who been members here since 2006.

Yes. It's nice to have been right all along in the face of so much unthinking noise from the sheep. I had 3 colleagues treating me like an imbecile in 2007 when they all were buying places they couldn't afford, all were encouraging me to make the same mistake. I've lost touch with them these days, but I know for certain they will choose not to remember what i said. I don't really feel smug, i feel sad for all of us. I'm sick of renting, but being up sht creek like them would be worse. None of us have won, just some of us will lose more than others.

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Yes. It's nice to have been right all along in the face of so much unthinking noise from the sheep. I had 3 colleagues treating me like an imbecile in 2007 when they all were buying places they couldn't afford, all were encouraging me to make the same mistake. I've lost touch with them these days, but I know for certain they will choose not to remember what i said. I don't really feel smug, i feel sad for all of us. I'm sick of renting, but being up sht creek like them would be worse. None of us have won, just some of us will lose more than others.

+1

We will never be thanked for having been right all along.

My consolation prize is that I managed to stand up to my wife's nesting instincts, and in doing so I just might have secured a financially stable environment for our kids to grow up in.*

* as long as the government stops reaming the prudent in order to bail out the greedy.

Edited by DeepLurker

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<br />Christmas 2007. A mates Dad was off to work in the Far East, pretty much until retirement. I asked what he was going to do with his house. He was narked off as he thought it was worth £250K, but it was valued at £220K. So Narked off he was he decided he was going to keep it until it reached the £250K he believed it was worth. I warned him to get shot now as a housing crash was on the way. Without even istening to my side of things, he laughed. And laughed. And laughed. And wouldn't listen to anything I had to say about it.<br /><br />Now fast forward 4 years. After long voids and a problem tenant, he has decided to sell. The same agents value the place. They tell him to put it on at £170, in the hope of getting 160K!! Plus something needs doing with the ecntral heating which will cost a couple of grand. Wow, if you thought he was narked off in 2007, you should see him now!<br /><br />Obviously I didn't say 'I told you so' and I'm sure he has erased from memory my ignored advice. Oh well.<br />
<br /><br /><br />

I love a story with a happy ending! :)

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Funny. Guy i know bought in 2007 thinks its 'worth' £100k more now. (ie from £220k to £320k) Of course, when he tried selling for this, no one was interested (last identical housetype i saw actually went for £140k, not an insignificant deviation from £320k) so he's renting it out instead. Still thinks its worth £320k.

Obviously a very dense individual, does he have a good head doctor? hopefully his tenants will leave and his re - introduction to reality will be complete.

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I know that this means decent, just not too bright people are facing hardship etc etc.

But...............

HAPPY DAYS!!!!!

:D:D:D:D:D:D:D:D:D:D

Edited by KingBingo

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  • 312 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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