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House Price Crash Forum

Have You Changed Your Mind?


Guest Winners and Losers

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HOLA441
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HOLA4410

I only started considering house prices less than a year ago, so have always been a bear.

It would be a lot harder for me to keep sane if i had thought the top was 2003. The only change for me is that I am fast becoming a 'muzzled bear' because everyone at work thinks i am a mad doom monger i am starting to keep my thoughts to myself, and smile when they buy their houses.

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HOLA4411

Too many bears turning bull for my liking. Why?

One theory:

The tragic bull (nee bear):

Didn't have the nerve to buy in the late 90's and bitter about it, so wants prices to go down, but doesn't have the nerve to hold out and gets bitter at the bears, ends-up buying and becoming even more bitter when house prices stop going up. In their bull phase they'd be worse than your average bull as they're motivated by anger at the bears for talking them out buying for so long and the 2% they could of made over the past year and also the need to convince themselves they ain't screwed up again.

I'm sure some bulls we see here are of that ilk, the child-like anger aimed at people who tried to stop them from making a big balls-up of everything. You can see it, no decent arguement backed up by figures or good logical arguements, just tantrums that bears are wrong. A half decent bull will at least put forwards a reasonable arguement.

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HOLA4412

Always been bearish since mid 2003.....but most importantly the biggest bull around , my sister, has incredibly decided that house prices will now come down ? Why? because today she was turned down by a mortgage advisor after asking for about £200K on a selfcert IO loan. He wouldn't state that house prices were going up or down...hmmm? .......anyway she has walked away a converted bear. We must finally be in full crash mode, estate agents are ringing up trying to flog me anything........I smell desperation ;)

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HOLA4413

Look I'm neither Bull nor Bear.

I'm a Boomer, but one who, until recently, never had to consider house prices because we just bought when we wanted to move up or had to move because of job.

It is currently just madness and I despair and genuinely feel for those who cannot buy at sensible prices.

A house to me has always only been a place to live not an investment vehicle.

I am also so angry that HPI seems to have become the basic mover of our Economy.

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HOLA4414

Fair point Mushroom, I genuinely feel for you.

Over the last few years we have seen the Pensions scandals, the Stock Market crash, pitifull banking returns and the erosion of the ISA allowance.

Basically, Brown and Co have, probably unwittingly, seen to it that an Englishman thinks of his home as not just his castle, but his Pension plan and a measure of his worth as a person also. And that perception isnt shifting.

All that needs dealt with before much will happen.

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Guest The_Oldie

I'm bear or bull depending on where we are in the property price cycle.

Have been a bull, currently a bear, but will probably be a bull in five to ten years.

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