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Mapatasy

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Can't stop laughing!

 

http://uk.reuters.com/article/uk-britain-eu-housing/londons-housing-market-stalls-time-to-buckle-up-idUKKBN1CB0PS

Valentino said he bought his house in the early 1990s for £175,000

Valentino, a 59-year-old businessman, lowered the price of his four-bedroom house by £75,000 pounds [from £935,000] to £860,000 but still found no takers.

For now, Valentino is sticking with his plan to sell but he balked at his estate agent’s advice to drop the price a second time.

“Too low,” he said. “We will probably wait and hope things get better.”

“Too low,” he said. “We will probably wait and hope things get better.”

Too low,” he said. “We will probably wait and hope things get better.”

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this is what many people fail to grasp about exactly what is is that moves markets. sitting out and waiting is a FINE tactic except when the market won't wait for you, and somewhat paradoxically, the faster the market moves against you, the more you are likely to FREEZE as you are not a trader with a position in the market and a stop loss which ensures you are out of the trade at your pre set level, rather you are someone who has bought the bottom, and is now looking to sell the top. That's how people lose money in the markets, by thinking they can buy the bottom, and sell the top. In reality its the bit in the middle where the money is made as the only people with the ability to buy bottoms and sell tops are those with large enough postions to move the market when they enter/exit, thus creating said tops/bottoms.

 

This approach toward the market expressed in the OP is the EXACT reason why this market has got so high, and also the exact reason it will crash so hard. Same as every single market in history ever.

 

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7 hours ago, Mapatasy said:

Can't stop laughing!

“Too low,” he said. “We will probably wait and hope things get better.”

Same person said this too:

"Neither are sure when they will be able to move as the unaffordability of housing in London, which now costs around 10 times the average salary, also takes its toll."

So they want prices to pick up before they sell but don't want to move because house prices are too high     ?      :lol:

House prices don't have as many ups and downs, or as contrasting ups and downs, in as shorter period of time as many investment funds do (at least the ones I've used), we are looking at a lifetime or the best part of.....and he is 59.

Edited by Arpeggio

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7 hours ago, Mapatasy said:

Can't stop laughing!

 

http://uk.reuters.com/article/uk-britain-eu-housing/londons-housing-market-stalls-time-to-buckle-up-idUKKBN1CB0PS

Valentino said he bought his house in the early 1990s for £175,000

Valentino, a 59-year-old businessman, lowered the price of his four-bedroom house by £75,000 pounds [from £935,000] to £860,000 but still found no takers.

For now, Valentino is sticking with his plan to sell but he balked at his estate agent’s advice to drop the price a second time.

“Too low,” he said. “We will probably wait and hope things get better.”

“Too low,” he said. “We will probably wait and hope things get better.”

Too low,” he said. “We will probably wait and hope things get better.”

:lol:

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15 hours ago, Simhadri said:

+1 Have experienced it for 7 years.

 

Well you sound very happy in having recently bought a home, rather than wait many more years due to little HPC risk, and more continued foreverHPI.

Your market choice.

17 hours ago, Mapatasy said:

Valentino said he bought his house in the early 1990s for £175,000

Valentino, a 59-year-old businessman, lowered the price of his four-bedroom house by £75,000 pounds [from £935,000] to £860,000 but still found no takers.

For now, Valentino is sticking with his plan to sell but he balked at his estate agent’s advice to drop the price a second time.

“Too low,” he said. “We will probably wait and hope things get better.”

The greatest of all innocence. :rolleyes:  The hardship. 

The damage from a HPC.   

The impoverishment of the country from prices going down.

And priced out younger renters.... seldom worth a mention because people who don't own property aren't worth a damn.

There is nothing wrong with wanting better housing value in order to buy a home for one's own family.

There is nothing wrong with pointing the extremes in position between many housing-haves, housing have-a-lot-mores, and housing-have-nots renting from BTLs who have laid claim to many homes for themselves, to rent out to others, causing the housing crisis.

Those who wish to protect house prices.   Own house worth fortunes, pack of equity if not owned outright... life of being able to check if high-end Rolex watch investments have gone up even more in value....  but those nasty priced out renters who just don't work hard enough, and who want prices to fall, projecting outrage at the effects it would have in the full negative.   All about HPI protection imo.

Quote

I remeber from your old avatar a female in a t-shirt with quite nice ta-tas - if that's you I know how you could earn some decent money towards a house (pm me) - just stop attacking everyone and wishing recession/loss of job on the entire country - although you'd still be alright jack as the 'oldest profession' is pretty much recession proof

--------------

I agree with you that a reduction in house prices does not need a recession/unemployment but a cursory read of venger's posts demonstrate something more malign - a general anger at other people having more than her and wishing those people to lose all (you try and say to her that house price correction need not come at the expense of people's lives and she'll attack you too).

..I've not put words in venger's mouth - what she writes is plain to see - the politics of envy and she wishes impoverishment for the entire coutry for her own personal gain. To hate on multiple buy-to-letters is one thiing, but her hate is on everyone with anything she obviously hasn't got - a vile twisted woman - those poor children

 

 

Quote

 

Neverwhere:

This is complete make-believe fantasy on knock out johnny's part:

There is no reason why a reduction in house prices has to involve a recession or loss of jobs, (a general reduction in housing costs should in fact free up more money for the productive economy), no one has stated a wish that a recession and loss of jobs happen just so that a HPC can take place, and no one has agreed with knock out johnny's fantasy interpretation of posts that by his own claims knock out johnny hasn't even read.

knock out johnny has not quoted Venger saying any of the things which knock out johnny fantasises about hearing, he just makes unevidenced and unsubstantiated claims about what he wants people to believe Venger has said, when he clearly can't find any examples of Venger actually saying them, on the insulting assumption that everyone else will be stupid enough to take knock out johnny's word for it, or waste their time trying to track down non-existent and wholly imaginary examples on knock out johnny's behalf.

 

 

Quote

 

Bland Unsight

I honestly found this laugh out loud funny.

Isn't it internally inconsistent? If Venger is a UK citizen then impoverishing "the entire coutry [sic]" will necessitate impoverishing Venger, and yet we are also expected to believe that Venger will be enriched by the aforementioned impoverishment.

I love the fact that the content of his post (once you set aside the bragging and the dreary misogyny) is "Stop wanting house prices to go down".

 

 

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20 hours ago, Mapatasy said:

Too low,” he said. “We will probably wait and hope things get better.”

THINGS. Can only get better.

Much like his probable idol.

tony-blair-world-hunger.jpg?1501587520

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What a bizarre article. Half of it says that prices are falling and nothing is selling, then the other half says it's all still booming so no-one can afford to move. Oh, and whichever of those it is it must be down to Brexit.

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What a greedy twit! He could sell, buy another house somewhere away from London and still have £500K cash to retire on along with whatever other savings and pension he has. Crash and burn is to good for him, what a complete fool.

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On 06/10/2017 at 2:48 PM, Mapatasy said:

Valentino, a 59-year-old businessman, lowered the price of his four-bedroom house by £75,000 pounds [from £935,000] to £860,000 but still found no takers.

Surely part of being a good businessman is finding a level where your product or asset will sell! :rolleyes:

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Viewed a house last week. I was told the owner would take several hundred thousand pounds less (property has been on the mkt a year) but they didn't want to list the property for less as they didn't want to suggest there was anything wrong with the property! Wot?

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5 hours ago, juice05 said:

Viewed a house last week. I was told the owner would take several hundred thousand pounds less (property has been on the mkt a year) but they didn't want to list the property for less as they didn't want to suggest there was anything wrong with the property! Wot?

Several hundred thousand pounds? Was it listed for £8million?

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7 hours ago, sPinwheel said:

Several hundred thousand pounds? Was it listed for £8million?

2 and fair value was probably 1.6 so I don't think the couple are being generous. 

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19 hours ago, MattW said:

Surely part of being a good businessman is finding a level where your product or asset will sell! :rolleyes:

The tide still in. Hard to tell if he's a businessman or a debt junkie.

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2 hours ago, hp72 said:

http://izquotes.com/quote/270594

Things take longer to happen than you think they will and then they happen faster than you think they will.

Wow, there's an economist who hasn't been stinting on the lard sandwiches.

I'm sure I've come across that quote, but more elegantly expressed, from someone more notable.

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  • 294 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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