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Time to raise the rents.

The Bears Apology Thread

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There seems to be this standing from the bulls that house prices would crash inside one year, this is a ridiculous notion.

However, if I can turn the tables perhaps you can explain why inflation has gone from 24% to 3% in just over a year?

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There seems to be this standing from the bulls that house prices would crash inside one year, this is a ridiculous notion.

However, if I can turn the tables perhaps you can explain why inflation has gone from 24% to 3% in just over a year?

I guess you didn't hear about IT's going up 35+% from the trough?

im very very sorry :(

Your gracious apology is accepted.

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

For everything there is a season, and a time for every matter under heaven:

A time to be born, and a time to die;

a time to plant, and a time to pluck up what is planted;

A time to kill, and a time to heal;

a time to break down, and a time to build up;

A time to weep, and a time to laugh;

a time to mourn, and a time to dance;

A time to throw away stones, and a time to gather stones together;

a time to embrace, and a time to refrain from embracing;

A time to seek, and a time to lose;

a time to keep, and a time to throw away;

A time to tear, and a time to sew;

a time to keep silence, and a time to speak;

A time to love, and a time to hate;

a time for war, and a time for peace.

everything happens......in time ;)

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

A bit of yes and no really.

Yes I was wrong because there doesn't seem to have been much of a drop in nominal terms (nor do I expect a big one).

No because a year or so ago it was simply a question of risk. Too much risk and the vendors simply had too much power. Also my rent at the time was very cheap (LL is...ermmm...raising the rents now! ;) )

Aplogise!!? You're an Aussie right? Always loved their sense of humour!

:lol:

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

Er excuse me. Aren't there some people here whose forecasts are extremely close to what the Hometrack outurn for 2005 will be, moi included? Its only 2 months to go. :P

Your own forecast was of course ******** - just like your ridiculous understanding of reality.

Incidentally, did we have the monthly comp'n update? Have I missed it?

Edited by Financial Planner

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

Depends by what you mean by crash..

I was in a situation to buy a new build this month.

£170,000 last year

Including discounts

£130,000 this month

So although its not cheaper enough yet.. its heading there///

Well, we all have our opinons.

Our economic theory..

IR's dictate houseprices

I have set a number..an amount I will spend on a home that will suit me for a decade.

If it gets there.. I will buy..

I have no doubt that prices must come down.

I have seen that they have.

Edited by apom

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Guest Charlie The Tramp

For everything there is a season, and a time for every matter under heaven:

A time to be born, and a time to die;

a time to plant, and a time to pluck up what is planted;

A time to kill, and a time to heal;

a time to break down, and a time to build up;

A time to weep, and a time to laugh;

a time to mourn, and a time to dance;

A time to throw away stones, and a time to gather stones together;

a time to embrace, and a time to refrain from embracing;

A time to seek, and a time to lose;

a time to keep, and a time to throw away;

A time to tear, and a time to sew;

a time to keep silence, and a time to speak;

A time to love, and a time to hate;

a time for war, and a time for peace.

everything happens......in time ;)

Hey that fetches back memories of the sixties.

Judith Durham and the Seekers big hits. They were Aussies, I really fancied her. B)

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For everything there is a season, and a time for every matter under heaven:

A time to be born, and a time to die;

a time to plant, and a time to pluck up what is planted;

A time to kill, and a time to heal;

a time to break down, and a time to build up;

A time to weep, and a time to laugh;

a time to mourn, and a time to dance;

A time to throw away stones, and a time to gather stones together;

a time to embrace, and a time to refrain from embracing;

A time to seek, and a time to lose;

a time to keep, and a time to throw away;

A time to tear, and a time to sew;

a time to keep silence, and a time to speak;

A time to love, and a time to hate;

a time for war, and a time for peace.

everything happens......in time ;)

You forgot a Time to Raise the Rents.

:D

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You forgot a Time to Raise the Rents.

:D

Indeed. and maybe a time to lower them.

I have lowered six rents over the last 2 months through Countrywide, Rooftops and Julie Twist here in Manchester. But then again, I can afford to go low......How low can you go!

This is where the wheat and the chaff get sorted. 'Old time' landlords can batter the new landlords with their unincumbered properties.....we can lower our rents to % that would make your eyes water and still turn a profit :D

....this is where it starts to get interesting from my side of the fence.

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Indeed. and maybe a time to lower them.

I have lowered six rents over the last 2 months through Countrywide, Rooftops and Julie Twist here in Manchester. But then again, I can afford to go low......How low can you go!

This is where the wheat and the chaff get sorted. 'Old time' landlords can batter the new landlords with their unincumbered properties.....we can lower our rents to % that would make your eyes water and still turn a profit :D

....this is where it starts to get interesting from my side of the fence.

You obviously fancy yourself as a bit of a pro there I see. If you've bought places that you have to lower the rents on, what sort of a pro are you?

Think about that, are you really turning a profit, or receiving a below average return?

I think you've really admitted your position in things with this post, but I wonder whether you understand it yourself.....

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

Look @ todays news blog!

"Reductions" are starting to snowball - just in time for Christmas!

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GC, thats brilliant! :D

TTRTR, yeah, it's been a tough year. Two years now my rent has been at 750 pcm (which is 50 pcm less than the LL wanted) and still the rentals fall round here.

750 pcm to rent a flat supposedly 'worth' 215K. I've also added another 10.8k to my savings so far this year. Flats down about 25Kish on last year and, best of all, LR figures for my borough - Richmond down 5.5% last quarter.

Thank goodness for some dumbass landlord for subsidising my life.

Edited by TW11

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I am sorry, TTRTR. I thought it would take 10 years trough to peak, it now looks like 11 years. Timing was off by 10%. On the absolute numbers side, I am already experiencing a 30% improvement in my STR funds over my old house's current "worth", so for me, the crash is here and doing well, thank you very much.

Edited by gone west

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

I apologise on behalf of all tenants to all landlords for not filling your void periods, for being subidised by you and for the blue-tack left on the walls.

:D

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Guest Bart of Darkness
You obviously fancy yourself as a bit of a pro there I see. If you've bought places that you have to lower the rents on, what sort of a pro are you?

One who is in touch with the reality of the rental market.

In touch with reality TTRTR, does that strike a chord?

Reality?

Not your invented little world of being a "big" landlord (don't make me larf!)

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Now that HP's haven't crashed in 2005, you have a chance to explain why you were so wrong and apologise to me and the other bulls.

Don't be shy now, step right up....... :rolleyes:

Hark do I hear the sound of a barrel being scraped, (again)

going from +20% to +3% (not my area -0.3% & also not taking into account inflation at oh 3% in the last year or so). Looks like I've lost a packet by not buying & leaving my money earning 4.5%. Oh & thanks for your well thought out opinions about the direction of IR's . Jackpot, another winner.

if a 17% downward swing is a positive sign then long may it continue (as it will)

step away from the spendrups

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Got it!

http://www.housepricecrash.co.uk/forum/ind...ic=12798&st=40#

Are you making one bet there or two?

I'll take it if you're simply betting that rates will be no lower than 4.5% by December 05's rate setting meeting.

To be clear, my bet would be that it would be lower than 4.5% by Decembers meeting at the latest.

And I'd expect you to cough up as soon as rates were below 4.5%!

Phew - took some digging - but worth it :)

The lucky winner will be Time to Raise Interest Rate as I remember it

ABB

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Guest Bart of Darkness
To be clear, my bet would be that it would be lower than 4.5% by Decembers meeting at the latest.

If the MPC had intended to give retailers a Christmas boost, November would have been the time to do it.

Arf! :lol:

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  • 301 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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