Guest The_Oldie Posted February 18, 2006 Share Posted February 18, 2006 I thought it would be interesting to see how many people, if any, have been influenced by the information posted on this site. Edit: If your circumstances are not reflected in the above three choices, please pick the closest match and feel free to explain further in a post. Quote Link to comment Share on other sites More sharing options...
Golden Shower Posted February 18, 2006 Share Posted February 18, 2006 I wouldn't say I have been influenced that much by this or any other forums. I often find them useful because many posters can show you how to look at certain scenarios in different ways. But after that, I think the mantra, "Do your own research" comes into play. Remeber, folks, it's your money! Lovely day in North Yorkshire by the way. Quote Link to comment Share on other sites More sharing options...
war Posted February 18, 2006 Share Posted February 18, 2006 there are not enough options in the question; so went for option 3. I was going to wait anyway, noting that the prices were irrationally high, but was being contradicted by the VIs- until I found this site; I discovered that there are lot of people with my own opinions out there. this has made my decision easy though. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted February 18, 2006 Share Posted February 18, 2006 I've been more influenced by my change in circumstances (self-employed since mid-2003) and the size of my bank balance. Regardless of a bubble I wouldn't be buying until mid 2007 at the earliest, so I can afford to sit on the sidelines and see what happens. The site has reassured me though that it's the market that has gone mad, not me! Quote Link to comment Share on other sites More sharing options...
Without_a_Paddle Posted February 18, 2006 Share Posted February 18, 2006 (edited) The site has reassured me though that it's the market that has gone mad, not me! Renting every year since 1990 sounds pretty mad to me... This was one of your posts last July. You seem fond of digging up my old posts so I thought I would have a go. I remember this old post of yours. Found it easily with google. http://www.housepricecrash.co.uk/forum/ind...showtopic=12942 I'm hoping for a 33% deposit but am quite happy to wait longer and save more. As I'm happily renting and have been in the same place for 16 years, I have no need to buy at any time other than when conditions are right for me. I'm hoping for a 33% deposit but ...... Edited February 18, 2006 by Without_a_Paddle Quote Link to comment Share on other sites More sharing options...
Fanny Magnet Posted February 18, 2006 Share Posted February 18, 2006 I thought it would be interesting to see how many people, if any, have been influenced by the information posted on this site. Yes it has helped me immensly Thank You. I find the impartial advice, mature reasoned debate and freedom of speech allowed, from both sides of the fence, equally between both bulls and bears most admirable. Well Done. Quote Link to comment Share on other sites More sharing options...
kinesin Posted February 18, 2006 Share Posted February 18, 2006 there are not enough options in the question; so went for option 3. I was going to wait anyway, noting that the prices were irrationally high, but was being contradicted by the VIs- until I found this site; I discovered that there are lot of people with my own opinions out there. this has made my decision easy though. ditto.. Quote Link to comment Share on other sites More sharing options...
Alba Posted February 18, 2006 Share Posted February 18, 2006 Influenced to the extent that it has damaged my wealth, unfortunately. Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted February 18, 2006 Share Posted February 18, 2006 I was very bearish before I found the old HPC forum, about 2 years ago now! I am more neutral now, as I have come to understand that looking at the HP to earings ratio alone is probably too simplistic. It asssumes that IRs are totally irrelevant to house prices! This is clearly nonsense. So HPC (and TMF) have actually made me less bearish! But I was starting from a very bearish position. I still haven't bought a house though ! Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted February 18, 2006 Share Posted February 18, 2006 Not so much influenced as saved. I would probably have bought within the past 12 months on a by hook or by crook and I am going to live on rice and beans for the next 10 years because they can't stay at this level as it is too high, but it will probably take time to drop and nobody else has to suffer living in shared housing at my stage. But there are lots out there and it has got to the point where prices are falling and I am seriously loosing interest in the Housing Market full stop. Why buy a crock of sh!t when you can have the freedom. Now just gotta quit my job!!! Quote Link to comment Share on other sites More sharing options...
2005 Posted February 18, 2006 Share Posted February 18, 2006 there are not enough options in the question; so went for option 3. I was going to wait anyway, noting that the prices were irrationally high, but was being contradicted by the VIs- until I found this site; I discovered that there are lot of people with my own opinions out there. this has made my decision easy though. I voted 'yes' but would agree with Dountful. Things didn't seem right to me and I remember the last housepricecrash. This site confirmed my views. One thing the site has helped me with though is seeing the house price trends. I remember the last house price crash but I don't remember the house price inflation that occured before hand - so I only had half the picture. Quote Link to comment Share on other sites More sharing options...
CrashedOutAndBurned Posted February 18, 2006 Share Posted February 18, 2006 (edited) I think my 'road to damascus' happened a few years back. Me and the misses were about to put in a offer on a tiny, cramped one-bed flat in the heart of a grotty council estate overlooking huge pilons, fly-tipping, and other eyesores. The hysteria in the market at that timne was incredible. You'd ask about a few one bed flats in an EAs and they'd always have 'sold in five minutes'. At one agents' the three flats I enquired about had 'gone that morning to the same investor'. Prices had rocketed, buy-to-let parasites were literally hoovering up the entire housing stock. The haze suddenly lifted in a flash. I knew how debt-money worked. I knew 120k for tiny, rubbish flats was insane so what the heck was I doing about to leap in? Not long after I went looking for crash info online and found the old site with the lame, bravenet forum. I don't think the site has directly influenced me, but it's good to see thousands of people posting who don't share the 'prices only go up', 'miss the boat, 'enslave yourself before its too late' mentality that constantly comes from friends, family and the media. Edited February 18, 2006 by CrashedOutAndBurned Quote Link to comment Share on other sites More sharing options...
Jason Posted February 18, 2006 Share Posted February 18, 2006 I thought it would be interesting to see how many people, if any, have been influenced by the information posted on this site.Edit: If your circumstances are not reflected in the above three choices, please pick the closest match and feel free to explain further in a post. I would of said this website has aided my education on house prices/economics, rather than influenced. But it's not the only forum I read. Quote Link to comment Share on other sites More sharing options...
Fancypants Posted February 18, 2006 Share Posted February 18, 2006 The site has reassured me though that it's the market that has gone mad, not me! the most concise summary so far I think... I'm a very impressionable, easily-led young man. So I now spend all day spewing HPCesque invective to anyone who'll listen. I have become radicalised and am actively spreading the HPC poison through the otherwise healthy British economy. Viva la revolucion!! Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted February 18, 2006 Share Posted February 18, 2006 Not long after I went looking for crash info online and found the old site with the lame, bravenet forum. I don't think the site has directly influenced me, but it's good to see thousands of people posting who don't share the 'prices only go up', 'miss the boat, 'enslave yourself before its too late' mentality that constantly comes from friends, family and the media. I actually sat one day in a fit of despair after another pointless rightmove search, with 10 minutes to go at an internet Cafe and pissed off, with nothing more to search for, completely without hope typed the words "House Price Crash"... and lo, it was good Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted February 18, 2006 Share Posted February 18, 2006 (edited) Well WaP, I think it's time I fleshed out my background to satisfy your curiousity. I've been renting my council flat (current rent 42 per week) since 1989, when I was unemployed. Even in today's mad market, buying while on Income Support is not thought of as a good idea (or is it?). I never thought I would ever be in a position to buy since even when I was employed 9-5 I did not make vast amounts of cash. However, since mid-2003 I have been self-employed and have been able to save about 15k a year on average. By mid-2007 that would give me approx. 60k in savings, which would cover my 33% deposit (at today's prices) plus leave about 10k for all the other costs involved in a move, plus day to day expenses. Interesting that you cut off my quote, I shall post the full sentence here for anyone interested. I'm hoping for a 33% deposit but am quite happy to wait longer and save more. As indeed I am. Afterall, I would hardly have stayed in the same place so long if I were not happy there (Sheffierld council have a system called choice based letting which allows you to move to somewhere of your choice, not theirs, so I'm hardly stuck here. I'm glad you find someone working hard and saving for a home amusing WaP, I shall try to keep doing this so that I can continue ticking your funny bone in future. Edited February 18, 2006 by Bart of Darkness Quote Link to comment Share on other sites More sharing options...
Mrliberty Posted February 18, 2006 Share Posted February 18, 2006 I actually sat one day in a fit of despair after another pointless rightmove search, with 10 minutes to go at an internet Cafe and pissed off, with nothing more to search for, completely without hope typed the words "House Price Crash"... and lo, it was good Yes, being surrounded by friends and family who are all owners, I was begining to despair. It was nice to find a place where there were so many other *issed off souls The site didn't affect whether I would buy or not. My only option where I live is over 100k for an ex-council house. Not an option. The thing that does worry me however, is the accompanying recession with HPC. I remember the last one and it wasn't pleasant. Quote Link to comment Share on other sites More sharing options...
DICKDASTARDLY Posted February 18, 2006 Share Posted February 18, 2006 Yes, I have been heavily influenced. I was first thinking of buying mid 2002, but with a meager deposit and crap wage, deicded to reant my council flat for 2 or 3 years, get better job etc and svae as much as poss. All thaughts of houses pushed to the back of my mind. Cut to Jan 2004, when I decided to strart looking again. I was shocked to see how the prices had risen, wondering what had happened, i typed in house prices uk (or soemthing) And found this site. I began house viewings in ernest as prices rose so sharply, eventualy found a hosue I really liked, it was in bury outside manchester, quite a way out from where I work - Salford, and my flat is five minutes away from work. The house was on at £76k, I put in an offer of £71k, which was my deposit + 3.5times salary, that was rejected at first, he agreed to 73.5, but I did not budge, believeing alot of what I read on here. About 10 weeks later I had a call from the EA, saying the buyer had accepted the ofer, however, since then I had been logging onto the forum daily, and was so convinced not to buy, especially as i had posted asking peeps opinion, that I did not proceed. Also there was alot of newspaper reports about the possibility of a crash, and remember those trevor Mcdonald programs ? Now 2 years later, I Am in exactly the same boat, Feeeling like teh worlds biggest fool, If I had of bought then I wouldve paid at least two years off, but teh crux of teh matter is I did really like the house and it had been done up by a developer, needed nothing doing. I doubt I will even find another I like as much, that I can afford. I have now started to accept prices will not drop, I think i was in denial when I decided not to buy then. I Am now 37, and renting a crappy council flat, with little hope of owning my own house. My advice to any newbies on here is to decide what is right for you and you alone. Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted February 18, 2006 Share Posted February 18, 2006 My advice to any newbies on here is to decide what is right for you and you alone. You asked for opinions from forum members in August 2004. Ultimately, the decision was yours. http://www.housepricecrash.co.uk/forum/ind...owtopic=188&hl= Quote Link to comment Share on other sites More sharing options...
Without_a_Paddle Posted February 18, 2006 Share Posted February 18, 2006 Yes, I have been heavily influenced. I was first thinking of buying mid 2002, but with a meager deposit and crap wage, deicded to reant my council flat for 2 or 3 years, get better job etc and svae as much as poss. All thaughts of houses pushed to the back of my mind. Cut to Jan 2004, when I decided to strart looking again. I was shocked to see how the prices had risen, wondering what had happened, i typed in house prices uk (or soemthing) And found this site. I began house viewings in ernest as prices rose so sharply, eventualy found a hosue I really liked, it was in bury outside manchester, quite a way out from where I work - Salford, and my flat is five minutes away from work. The house was on at £76k, I put in an offer of £71k, which was my deposit + 3.5times salary, that was rejected at first, he agreed to 73.5, but I did not budge, believeing alot of what I read on here. About 10 weeks later I had a call from the EA, saying the buyer had accepted the ofer, however, since then I had been logging onto the forum daily, and was so convinced not to buy, especially as i had posted asking peeps opinion, that I did not proceed. Also there was alot of newspaper reports about the possibility of a crash, and remember those trevor Mcdonald programs ? Now 2 years later, I Am in exactly the same boat, Feeeling like teh worlds biggest fool, If I had of bought then I wouldve paid at least two years off, but teh crux of teh matter is I did really like the house and it had been done up by a developer, needed nothing doing. I doubt I will even find another I like as much, that I can afford. I have now started to accept prices will not drop, I think i was in denial when I decided not to buy then. I Am now 37, and renting a crappy council flat, with little hope of owning my own house. My advice to any newbies on here is to decide what is right for you and you alone. Yes, this site was set up around three years ago. Since then prices have risen by at least 30%. The graph on the front page should have a pointer saying "We started here" (in 2003). In order for the site to have any credibility wrt 2003 then prices will have to crash at least 30% just to get back to square 1. Anyone who took the STR advice in 2003 and banked the cash to rent off the interest must be feeling pretty pissed off... Quote Link to comment Share on other sites More sharing options...
Alba Posted February 18, 2006 Share Posted February 18, 2006 Yes, this site was set up around three years ago. Since then prices have risen by at least 30%. The graph on the front page should have a pointer saying "We started here" (in 2003). In order for the site to have any credibility wrt 2003 then prices will have to crash at least 30% just to get back to square 1. Anyone who took the STR advice in 2003 and banked the cash to rent off the interest must be feeling pretty pissed off... I banked the cash and rented, and waited unfortunately. House prices here have risen by at least 15% in the interim. A house directly next to the one I sold has just gone for 26% more, in exactly one year! There would have to be a HPC of at least 26% just to return to the status quo of one year ago. My wife is now pressurising to buy back in as she is terrified the market will rise by another 15% in the coming year. I am nervous but reluctant to buy and thus consolidate a substantial loss. Quote Link to comment Share on other sites More sharing options...
Badlad1967 Posted February 18, 2006 Share Posted February 18, 2006 Yes, this site was set up around three years ago. Since then prices have risen by at least 30%. The graph on the front page should have a pointer saying "We started here" (in 2003). In order for the site to have any credibility wrt 2003 then prices will have to crash at least 30% just to get back to square 1. Anyone who took the STR advice in 2003 and banked the cash to rent off the interest must be feeling pretty pissed off... Why do you post here if you have no respect for the site and its content? Is it because you have no friends and nobody loves you? Or are you just annoyed that I've used a photo of you for my avatar Ribbing aside - why do you post here and visit the site if you think it's all a load of tosh? Would be interested to know. Quote Link to comment Share on other sites More sharing options...
theChuz Posted February 18, 2006 Share Posted February 18, 2006 (edited) I tend to set fire to alot more stuff compared to what i used to do as a child, i thought i was over it all but since reading and becoming a member of this site well... who needs curtains anyway. Edited February 18, 2006 by theChuz Quote Link to comment Share on other sites More sharing options...
FrozenOut Posted February 18, 2006 Share Posted February 18, 2006 The choices are a bit I was never going to buy, but my doubts over the market were reinforced by finding this site. Quote Link to comment Share on other sites More sharing options...
Without_a_Paddle Posted February 18, 2006 Share Posted February 18, 2006 (edited) Why do you post here if you have no respect for the site and its content? The thread headline asks "Have you been influenced by this website?" I put forward the view that some people may wish they had never taken the advice from this site back in 2003. I did this because I assumed many of these people would keep quiet. (seems I was wrong if you read some recent posts...) Fortunately, I didn't choose to STR. Is it because you have no friends and nobody loves you? Or are you just annoyed that I've used a photo of you for my avatar Ribbing aside - Is that the best 'ribbing' you can do or are you just getting warmed up? Edited February 18, 2006 by Without_a_Paddle Quote Link to comment Share on other sites More sharing options...
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