FaTB Posted March 20, 2006 Share Posted March 20, 2006 It's the first time i've seen it on this forum, but the advice seems overwhelmingly cautious, even bearish !! http://forums.moneysavingexpert.com/showth...44&page=1&pp=10 Quote Link to comment Share on other sites More sharing options...
AntiSpeculator Posted March 20, 2006 Share Posted March 20, 2006 The mood of the country is finally changing now IMO. Quote Link to comment Share on other sites More sharing options...
frugalista Posted March 20, 2006 Share Posted March 20, 2006 It's the first time i've seen it on this forum, but the advice seems overwhelmingly cautious, even bearish !! http://forums.moneysavingexpert.com/showth...44&page=1&pp=10 This realls sums my feeling up, it's not that I desperately want my own place, or want to live in a certain area, it's that as a 24 year old 2 years in to working and being offered mortgages I felt I should be buying a property, and that long term it was the right thing to do! This whole "getting on the property ladder" seems like such a big deal at the momentThere is alot of pressure out there - it seems like everyone and there dog is buying property to rent in the good areas, pushing prices up for first time buyers. However my minds at rest now, I'll be happy saving for a while knowing that financially i'm not loosing out. That is, as long as I can stay at home . . . What a great anecdote! This is a classic case of sentiment turning. The guy has no good "life circumstances" reason to buy now, he is just strongly influenced by all the property hype, and feels that it is the "thing to do". But in the end he has a think about it and decides to wait. Watch that speculative demand evaporate! This is excactly the trend I was trying to explore on this thread: http://www.housepricecrash.co.uk/forum/ind...showtopic=26016 frugalista Quote Link to comment Share on other sites More sharing options...
Jason Posted March 20, 2006 Share Posted March 20, 2006 What a great anecdote! This is a classic case of sentiment turning. The guy has no good "life circumstances" reason to buy now, he is just strongly influenced by all the property hype, and feels that it is the "thing to do". But in the end he has a think about it and decides to wait. Watch that speculative demand evaporate! This is excactly the trend I was trying to explore on this thread: http://www.housepricecrash.co.uk/forum/ind...showtopic=26016 frugalista Yes, that's a dam good thread you started! I printed the 4 stories off and *made* my mum read them - she originally said it was a good investment, but after pointing out the painfully obvious, she agreed it was just adding to demand forcing up prices. She also said if the market is flat they would sell - i.e. prices fall. My mum's dead clever you know! Quote Link to comment Share on other sites More sharing options...
frugalista Posted March 20, 2006 Share Posted March 20, 2006 Yes, that's a dam good thread you started! I printed the 4 stories off and *made* my mum read them - she originally said it was a good investment, but after pointing out the painfully obvious, she agreed it was just adding to demand forcing up prices. She also said if the market is flat they would sell - i.e. prices fall. My mum's dead clever you know! Wow, I am now a published author! frugalista Quote Link to comment Share on other sites More sharing options...
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