Pelezico wrote: » He is being a wise guy. He does not believe your story.
neutral guy wrote: » Sorry.Did not get you.
The Belly wrote: » careful not to underestimate the central bank's markets were supposed to plummet when trump got elected and the opposite happened.
Bubbaclaus wrote: » I think the premise of every one of his posts is that he thinks he is super Intelligent and everyone else is an idiot.
Graham wrote: » Did you have 97,000 friends buying just before the GFC or are you referring to the same person in every post?
Pelezico wrote: » Absolutely but the fed cant keep the market up forever. So many zombie companies being kept afloat by fed loans. When the market crashes, houses will crash with them. If should be fun.
Pelezico wrote: » Are you looking forward to the recession neutral?
Pelezico wrote: » The inflated stock market has created a lot of money. Wait for the collapse after November. Then the falls will come hot and heavy.
neutral guy wrote: » I was working in joinery workshop in April of 2007 and I heard advertisement about Rent to Buy on radio.Some minutes after I heard another advertisement about 110 per cent mortgage. I understood that there is no buyers left on market and this pyramide on way to collapse My work mate just got 250 K mortgage for house with no windows and floors and bought nice coupe car taking another 20K loan I said to him Look,this is the final,we are in deep sht He looked at me and said Will you fkn shut up ? Exactly 1 year after the company shut the door and he was seating in bank dealing about difficulties pay his mortgage and loan. 3 years ago I meet him in another company were I got job I told him that another recession on way already and the mess gonna happen in 2020/2021 He was smiling and did not believe me again.
My uneducated opinion on the market is that it will drop, but not by some of the crazy percentages floating around here! 10 to 15% I'd guess but it will take some time for it to happen. I'm a buyer with no chain so its in my interest for the market to bottom out but I can't see it happening. But again, none of us know
Smiley11 wrote: » I'm a buyer with no chain so its in my interest for the market to bottom out but I can't see it happening. But again, none of us know.
Smiley11 wrote: » Have to agree. We had to walk from a bidding war recently & I think it'll take me a while to get over how frenzied it was. I certainly won't be bidding again any time soon! The house was amazing but I'd give a laymans estimate of having to put a minimum of 150k into it to make it what we wanted. I was told last week a friend of a friend had been quoted nearly 220k to renovate it! We were at 550k & while it still wasn't at its inflated asking price, my husband just asked if I actually wanted to pay that much for a house in that condition &, as much as I adored it, my heart said no. Couldn't justify that spend & even though it will always be the one that got away, I can't see us regretting our decision. People seem desperate & I can't be a part of this current market so we'll bow out for a few months. The truth is that not one of us on this forum know what way the property market will pan out over the next couple of years. Personally, if the right house comes up when this current frenzy calms, we'll be buying. The value of our home doesn't matter to us as we'll never be moving again. My uneducated opinion on the market is that it will drop, but not by some of the crazy percentages floating around here! 10 to 15% I'd guess but it will take some time for it to happen. I'm a buyer with no chain so its in my interest for the market to bottom out but I can't see it happening. But again, none of us know.
Pink11 wrote: » Went to a viewing last week to a 3 bed terrace. Way smaller than average but very nice area tbf. House needed serious work too. Asking for 360k. Was in middle of bidding war, was at 420k. We both just looked at each other in shock and quickly exited! House wouldn’t be worth that money even in a boom! Couldn’t swing a cat
neutral guy wrote: » Or as usual they leave because has to cut expenses. Once USA stock market will blow up after president election in November The multinationals will start cut expenses in Ireland Google already made step not taking additional property for 2000 staff in Dublin The Nat West closing his Ulster Bank in Ireland And remember guys Nothing started yet The real mess will coming later ! At the moment The sky is blue but birds stopped singing.
Pelezico wrote: » Get off your high horse pal. Gloating is normal human behaviour.
Mic 1972 wrote: » The property market is in a boom, for some reasons this isn't registering with people. Asking prices aren't going up because people aren't ready match the offer, they are going up because houses are being sold at higher prices than last year
Mic 1972 wrote: » I agree with that, but that was always on the table These multinationals don't go down because of covid or recession, they go down when their product is no longer marketable.
Wanderer78 wrote: » so gloating is normal behavior, and is also acceptable?
Pelezico wrote: » I think it quite normal myself.
Wanderer78 wrote: » so whats wrong with the person thats gloating?
Pelezico wrote: » The Germans have a name for it ....schadenfreude..joy at someone else's misfortune. There must surely be nothing more satisfying than buying a house for 300k when your neihhbour paid 450k.
cnocbui wrote: » Funny how property can be both always over valued and yet listed at below value to get people 'sucked in'.
