undersupply Posted April 27, 2006 Share Posted April 27, 2006 Sam will never learn patience... Doesnt this look like it had a brief plateau at the top too? I love that graph, sent it to all my irish mates with no commentary. They cant say I didn't tell them. Am i right in thinking that HPI has never fallen below zero in the US as a whole Bubb? Quote Link to comment Share on other sites More sharing options...
Seamaster Posted April 27, 2006 Share Posted April 27, 2006 I love that graph, sent it to all my irish mates with no commentary. Yes, because the Irish "economy" is just like Japan's. FFS. Quote Link to comment Share on other sites More sharing options...
undersupply Posted April 27, 2006 Share Posted April 27, 2006 Got me thinking — maybe "Timothys" will be the new paradigm. People forced to live with their parents, only ever becoming OOs when the old dears pop their cogs and leave them the family two-up two-down. Ahem, there is renting, cheaper than OO, if youve got the discipline to invest. Quote Link to comment Share on other sites More sharing options...
Seamaster Posted April 27, 2006 Share Posted April 27, 2006 Ahem, there is renting, cheaper than OO, if youve got the discipline to invest. You'd have to have been going some to grow an investment from scratch worth more than inheriting your folks pile for nowt. Quote Link to comment Share on other sites More sharing options...
dnd Posted April 27, 2006 Share Posted April 27, 2006 geez - love some of these responses - this forum is becoming a chav-fest tbh - the whole system is a joke - working, pensions, property - it's not worth working your **** off for any of it... Quote Link to comment Share on other sites More sharing options...
undersupply Posted April 27, 2006 Share Posted April 27, 2006 Yes, because the Irish "economy" is just like Japan's. FFS. In some ways, it is. Over reliance on construction was a Japanese phenomenen precrash. Can you explain the graph SM and why it couldn't happen here or in Spain or Ireland? Quote Link to comment Share on other sites More sharing options...
dogbox Posted April 27, 2006 Share Posted April 27, 2006 You'd have to have been going some to grow an investment from scratch worth more than inheriting your folks pile for nowt. Seamaster, does your name indicate knowledge of the high seas? I ask because Im contemplating a new investment. Im being offered a brand new marina berth for £16000. Its 12 metres. I have no knowledge of boats but Im told it will rent for a packet once the development is fully built in 2009. Its just South of Spain in a mega development being built in Morocco. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted April 27, 2006 Share Posted April 27, 2006 (edited) YES IT SHOULD BE HAPPENING - what was the 'MAGIC DATE' when house price crashes should've started crashing Sam? Next year will be different. I was never confident that any kind of concerted crash would have kicked in by now. Edited April 27, 2006 by gruffydd Quote Link to comment Share on other sites More sharing options...
Seamaster Posted April 27, 2006 Share Posted April 27, 2006 (edited) Can you explain the graph SM and why it couldn't happen here or in Spain or Ireland? You'll like this. I'll take the Pavlovian response. Look at the "economic cycles" of those countries. It's never happened. Ergo, never will. Seamaster, does your name indicate knowledge of the high seas? The deep seas, I'm afraid. Sorry I can't be of help. Edited April 27, 2006 by Seamaster Quote Link to comment Share on other sites More sharing options...
dogbox Posted April 27, 2006 Share Posted April 27, 2006 the whole system is a joke - working, pensions, property - it's not worth working your **** off for Exactly! Work should only be part of your plan. Ive spent the last few years taking investment risks I could ill - afford. When discussing such ventures people have 2 distinct responses: 1) They glaze over, not remotely interested, not even a flicker of a thought along the lines of 'mm if I just bury my head in the sand and keep working, things may pass me by, perhaps I should spend some real energy and time on seeking wealth building investments beyond poxy savings plans' 2) The other small group are interested and recognise it is vital they at least consider ways of building wealth other than work. They recognise that no matter how difficult we all have this choice. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted April 27, 2006 Share Posted April 27, 2006 (edited) Dogbox - JAN 2006 - "Property price surge 8 - 10% being reported Autumn 06" (although a crash is still possible after). I'm glad to see that you suggest that a crash is still possible after Autumn 2006 - good call! 8-10% too steep IMPO Edited April 27, 2006 by gruffydd Quote Link to comment Share on other sites More sharing options...
FernandoMorientes Posted April 27, 2006 Share Posted April 27, 2006 Seamaster, does your name indicate knowledge of the high seas? I ask because Im contemplating a new investment. Im being offered a brand new marina berth for £16000. Its 12 metres. I have no knowledge of boats but Im told it will rent for a packet once the development is fully built in 2009. Its just South of Spain in a mega development being built in Morocco. I don,t think you would need to be a submarine captain to get a feel for the area if I were you I would go and take a look yourself and get an idea wether this is a viable proposition? DYOR is the golden investment rule be it stocks housing etc etc...after all you know where those blokes selling gold chains on Spanish beaches are from Quote Link to comment Share on other sites More sharing options...
dogbox Posted April 27, 2006 Share Posted April 27, 2006 DYOR is the golden investment rule be it stocks housing etc etc...after all you know where those blokes selling gold chains on Spanish beaches are from Always do, but on the other hand most people Ive met who've made a lot of money from property and other ventures are just 'suck it and see'rs', where as the more pessimistic thorough types tend always to find reasons not to invest. Fund managers do thier homework yet many call it wrong time and time again. There's more to investing than formulaiec research. I didnt research my best ever investment property, it just felt right. Ever seen the Dirt Harry Films/ Gut feel and nouse often cut - it where the academic / research route doesnt. Quote Link to comment Share on other sites More sharing options...
Magpie Posted April 27, 2006 Share Posted April 27, 2006 Ever seen the Dirt Harry Films/ Gut feel and nouse often cut - it where the academic / research route doesnt. You do know they're just films don't you? They're just pretending... Take your point other than that though. There's a cracking poem by Ethan Coen called "The Drunken Driver Has The Right Of Way" - "The loudest has the final say,/ The wanton win, the rash hold sway,/ The realist's rules of order say/ The drunken driver has the right of way. etc etc" Shouldn't be true, but often is. Quote Link to comment Share on other sites More sharing options...
sam Posted April 27, 2006 Author Share Posted April 27, 2006 Sam will never learn patience... Doesnt this look like it had a brief plateau at the top too? Not seen that before Dr Bubb, i was always under the impression that japan hit peak then whooossshhhh, thanks for that. Oh, and trust me i am patient NOW, along with yourself(and i do agree with you on this one) i am now certain we will get a substantial crash/correction, but it is going to take a good few years, maybe even decades. Quote Link to comment Share on other sites More sharing options...
Spring In The Air Posted April 27, 2006 Share Posted April 27, 2006 (edited) Someone said 8% to 10% by August. Already happened where we are based. At least 8% up since Christmas. Property on an estate we sold just before Christmas went for £330k. Just put an identical one on at £360k and will be very surprised if we don't sell it this weekend for very close to asking - or even over. Had a couple lately that we have been able to negotiate above asking as there have been more than two offers on the table. Edited April 27, 2006 by Spring In The Air Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted April 27, 2006 Share Posted April 27, 2006 Nice one MAS - mutual appreciation society? Are you jealous? Something that you have never been able to find here eh? Quote Link to comment Share on other sites More sharing options...
Spring In The Air Posted April 27, 2006 Share Posted April 27, 2006 Are you jealous? Something that you have never been able to find here eh? No, not something I would expect to find here. After all, facts about the housing market are the last thing anyone here wants to hear. Quote Link to comment Share on other sites More sharing options...
Mags Posted April 27, 2006 Share Posted April 27, 2006 No, not something I would expect to find here. After all, facts about the housing market are the last thing anyone here wants to hear. We're listening! Tell us all a bedtime story Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted April 27, 2006 Share Posted April 27, 2006 We're listening! Tell us all a bedtime story I want Shakerbaby to tell me bedtime story. Quote Link to comment Share on other sites More sharing options...
Mags Posted April 27, 2006 Share Posted April 27, 2006 I want Shakerbaby to tell me bedtime story. OK SITA first and then maybe Shaker can join in? Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted April 27, 2006 Share Posted April 27, 2006 OK SITA first and then maybe Shaker can join in? Shaker doesnt like to share. Quote Link to comment Share on other sites More sharing options...
iLegallyBlonde Posted April 27, 2006 Share Posted April 27, 2006 Shaker doesnt like to share. That's not what I've heard Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted April 27, 2006 Share Posted April 27, 2006 That's not what I've heard Well, there was that one incident with Right Freds Dead.... Quote Link to comment Share on other sites More sharing options...
iLegallyBlonde Posted April 27, 2006 Share Posted April 27, 2006 Having now spent nearly 3 weeks as an Estate Agent (how much more I can stomach I don't know) I can happliy report 3 facts. There are no FTB left in this area, everyone buying in the 100 - 250K are pensioners downsizing or investors. Rents are falling, too much supply and no demand at all atm Valuations are "realistic" now, vendors being talked out of putting it on a bit higher to see what happens, the tone is very much do you actually want to sell the house, if so do as you are told otherwise we will not be wasting our resourcing printing the details and adverisiting. We took on 40+ new properties over the past 10 days of which 2 have sold - to developers. Quote Link to comment Share on other sites More sharing options...
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