PropertyTribes is the New HPC Forum lol

[crazypabs]

Comedy cold. They are arguing over how much the market is going to crash, not if it will crash...

https://www.propertytribes.com/todays-london-market-bargains-to-be-had-t-127637176.html

[user not found]

5 minutes ago, crazypabs said:

Comedy cold. They are arguing over how much the market is going to crash, not if it will crash...

https://www.propertytribes.com/todays-london-market-bargains-to-be-had-t-127637176.html

???

[Wayward]

Seems they see this as a buying opportunity...outbid potential OO's and exploit them.

[hurlerontheditch]

I like this post :

Quote

Estate agents have feelings too

 

[iamnumerate]

Vanessa still believes in London BTL

https://www.propertytribes.com/why-i-still-believe-in-btl-in-london-t-127635386.html

 

I think if you follow her advice you will lose a lot.

[longgone]

1 hour ago, iamnumerate said:

Vanessa still believes in London BTL

https://www.propertytribes.com/why-i-still-believe-in-btl-in-london-t-127635386.html

 

I think if you follow her advice you will lose a lot.

https://www.propertytribes.com/property-market-predictions-for-2019-t-127637201.html

she seems to a have tunneled view of life.  i like the linking from a hpc member. 

[longgone]

i do like this chap 

 

dislexic_landlord to douglas lambourne 3 hours ago

 

Your spot on

rent control will have huge effect

and it will kill the BTL market

PRA lending is also going to put a nail in the coffin

and the closer a BTL investor is to London the biggest pain will follow

when the tide goes out let’s see who is bathing with no clothes on

this crash will make 2007 look like a none event

the worry is how will they stop it reduce interest rates don’t be daft they can’t there rock bottom now ????

[happyguy]

5 minutes ago, longgone said:

this crash will make 2007 look like a none event

Been hearing this for 10 years 

So one agent says it will drop by 20% - for more do not

Prime London has certainly fallen - most areas have dropped slightly 

Savills say that London will go up 4.5% over the next 5 years with bigger rises in the Midlands and North, but this one agents view is taken as a portent that the London market will drop 40% 

 

[longgone]

4 minutes ago, happyguy said:

Been hearing this for 10 years 

So one agent says it will drop by 20% - for more do not

Prime London has certainly fallen - most areas have dropped slightly 

Savills say that London will go up 4.5% over the next 5 years with bigger rises in the Midlands and North, but this one agents view is taken as a portent that the London market will drop 40% 

 

what else would they say ? don`t bother buying because it will be cheaper later ?

[Captain Kirk]

Quote

dmendez to JLASSET Yesterday at 11:53

 

 

> London prices expected a huge correction in the region of 30 to 40% BMV over the next 12 months

That's one heck of a prediction. Its wrong, but fair play to you for sticking your neck on the line

By "its wrong" does he mean "I'll be ruined".

[Captain Kirk]

8 minutes ago, happyguy said:

Been hearing this for 10 years 

So one agent says it will drop by 20% - for more do not

Prime London has certainly fallen - most areas have dropped slightly 

Savills say that London will go up 4.5% over the next 5 years with bigger rises in the Midlands and North, but this one agents view is taken as a portent that the London market will drop 40% 

 

Just before the last bubble popped, interest rates were 5.75% and there was talk of raising them to 6%.

https://www.theguardian.com/business/2007/jul/05/interestrates.interestrates

They managed to stop the falls and reflate the market by suppressing rates to 0.5% for a decade. Rates are still only at 0.75%.

If housing is topping again, which it possibly is, then this time it could really sink. They can't exactly cut rates by 5% to reflate the bubble!

[longgone]

3 minutes ago, Captain Kirk said:

Just before the last bubble popped, interest rates were 5.75% and there was talk of raising them to 6%.

https://www.theguardian.com/business/2007/jul/05/interestrates.interestrates

They managed to stop the falls and reflate the market by suppressing rates to 0.5% for a decade. Rates are still only at 0.75%.

If housing is topping again, which it possibly is, then this time it could really sink. They can't exactly cut rates by 5% to reflate the bubble!

Their plan is to inflate the debt away along with any savings ! quite how they do this with suppressed wages is anyone's guess. Citizens income ? 1k a month for everyone to make up the short fall in confetti salaries, money creation at a direct level rather than hidden through debt. 

 

[simvastatin]

....as we are a contra website how long before we start ramping up property 

[winkie]

 

[frederico]

22 minutes ago, longgone said:

Their plan is to inflate the debt away along with any savings ! quite how they do this with suppressed wages is anyone's guess. Citizens income ? 1k a month for everyone to make up the short fall in confetti salaries, money creation at a direct level rather than hidden through debt. 

 

Indeed, low rates, tried that , printing money, tried that , it's almost as if the central banks haven't got a clue.

Of course their remit is financial stability, but they are so dumb they don't realise they are baking in more instability not less.

[Bruce Banner]

4 hours ago, happyguy said:

Been hearing this for 10 years 

So one agent says it will drop by 20% - for more do not

Prime London has certainly fallen - most areas have dropped slightly 

Savills say that London will go up 4.5% over the next 5 years with bigger rises in the Midlands and North, but this one agents view is taken as a portent that the London market will drop 40% 

 

Swimming against the tide.

[longgone]

5 hours ago, frederico said:

Indeed, low rates, tried that , printing money, tried that , it's almost as if the central banks haven't got a clue.

Of course their remit is financial stability, but they are so dumb they don't realise they are baking in more instability not less.

These people are not dumb by a long shot. They are masters of disguise "everything that is negative is a positive to someone"

analyse any event be it tragic perceived dumb or anything else, every situation needs reverse engineering  and multiple points of view to understand.  Once the kaleidoscope of lies and views can be fully seen can situations be beneficial to selective parties. 

   

[mrtickle]

This was a great post from that thread:

Quote

alex2288a Yesterday at 20:42

Just checked land registry data and London price average was 295k in 2011 and is 485k today, so a 40% fall would only put us back to 2011 values, so still higher than the 2007 high. Doesn't seem too far fetched as fundamentally the country is in no stronger a position than in 2011.

Showing that the whole rise of the last 10 years has been caused by cheap credit and help to buy.

Wow

 

[macca13]

8 hours ago, longgone said:

Their plan is to inflate the debt away along with any savings ! quite how they do this with suppressed wages is anyone's guess. Citizens income ? 1k a month for everyone to make up the short fall in confetti salaries, money creation at a direct level rather than hidden through debt. 

 

They have already been doing that for years!

housing benefits £27 billion per year

working tax credits £32 billion per year

without these 2 benefits alone house prices would crash! 

[SOLZHENITSYN]

16 hours ago, happyguy said:

Been hearing this for 10 years 

So one agent says it will drop by 20% - for more do not

Prime London has certainly fallen - most areas have dropped slightly 

Savills say that London will go up 4.5% over the next 5 years with bigger rises in the Midlands and North, but this one agents view is taken as a portent that the London market will drop 40% 

 

?

So with inflation running at 2.5 to 3% annually, that’s about another 10% drop in values in real terms.

[winkie]

16 hours ago, happyguy said:

Been hearing this for 10 years 

So one agent says it will drop by 20% - for more do not

Prime London has certainly fallen - most areas have dropped slightly 

Savills say that London will go up 4.5% over the next 5 years with bigger rises in the Midlands and North, but this one agents view is taken as a portent that the London market will drop 40% 

 

Less than 1% pa over next 5 years.....wow.

Loss of 40%......is not a loss to those that purchased not that long ago....40% loss is not a loss if not selling.....or not buying to sell.?

[longgone]

prices at pre HTB levels would make me buy 

[frederico]

11 hours ago, longgone said:

These people are not dumb by a long shot. They are masters of disguise "everything that is negative is a positive to someone"

analyse any event be it tragic perceived dumb or anything else, every situation needs reverse engineering  and multiple points of view to understand.  Once the kaleidoscope of lies and views can be fully seen can situations be beneficial to selective parties. 

   

Unfortunately, I have to agree, presumably they're all selling up on the quiet.

[GreenDevil]

On 02/11/2018 at 17:00, Captain Kirk said:

Just before the last bubble popped, interest rates were 5.75% and there was talk of raising them to 6%.

https://www.theguardian.com/business/2007/jul/05/interestrates.interestrates

They managed to stop the falls and reflate the market by suppressing rates to 0.5% for a decade. Rates are still only at 0.75%.

If housing is topping again, which it possibly is, then this time it could really sink. They can't exactly cut rates by 5% to reflate the bubble!

HTB turbo 50% plus?

[longgone]

On 02/11/2018 at 17:00, Captain Kirk said:

Just before the last bubble popped, interest rates were 5.75% and there was talk of raising them to 6%.

https://www.theguardian.com/business/2007/jul/05/interestrates.interestrates

They managed to stop the falls and reflate the market by suppressing rates to 0.5% for a decade. Rates are still only at 0.75%.

If housing is topping again, which it possibly is, then this time it could really sink. They can't exactly cut rates by 5% to reflate the bubble!

the good old days when money was worth something.