Housing Market Dip Only Temporary. Say Rics.

[R K]

Sounds like RK

Ad hominem.

Specifically which of those comments are you attributing to me?

Please link your evidence so I can respond or stop trolling.

(I've repeatedly over the last months said short london/long regions and said London growth will decline. I've also repeatedly said that average UK property prices are c 20% over-valued).

Edited November 14, 2014 by R K

[dances with sheeple]

So I am hoping we have already had the main ripple. The reflation, yield chasing, belief in the most simpleton reasoning for forever HPI, seems to have so quickly led to a frenzy of repeat malinvestment (run up to 2007) with all lessons forgotten. Positions like that must have been repeated many times over past 2 years.

Would not surprise me the banks pulling their own complacent workers (bankers and just support staff) into it, leveraging up - maybe a test to sort the smart from the dumb - they can be replaced, if we get hpc. If, as some suggest, hpc is what the banks eventually want, for fresh volume lending. These buyers of past couple of years of the type you outline, their positions are so extreme on the other side, doubling down at half-million pounds as a 'smart' move investment, treating money/debt as an irrelevance vs property, to my own cautious outlook, not seeing value whatsoever.

There's a 50 year+ old solicitor practising in Central London, one of the main senior partners in his firm, decades of specialising in property, who is caught up with loads of BTLs with West Brom, hoping the class action will go his way. Oblivious to such tightening behind the scenes, others been doubling down to worship property.

The worship of property in the UK is a sickness, it takes over otherwise rational people and makes them into complete morons. None of this wild speculation can end well for those who took part.

[Limon]

Ad hominem.

Specifically which of those comments are you attributing to me?

Please link your evidence so I can respond or stop trolling.

(I've repeatedly over the last months said short london/long regions and said London growth will decline. I've also repeatedly said that average UK property prices are c 20% over-valued).

Haven't you also been arguing that we're in the early stages of a new credit cycle and that 2009-13 was a buying opportunity? How does that square with the position that "average UK property prices are c 20% over-valued" ?

[19 year mortgage 8itch]

Haven't you also been arguing that we're in the early stages of a new credit cycle and that 2009-13 was a buying opportunity? How does that square with the position that "average UK property prices are c 20% over-valued" ?

Wages will strengthen for a time whilst property flattens for a microsecond before taking off again and becoming 50% overvalued again and again not crashing and when they eventually Crash bringing western civilisation down with it, we'll all be dead anyway. So buy now. No, yesterday.

Basically buy now or you'll miss the boat!