Boomed! House Prices going through the roof

[AtW]

In the last correction the next round was best part of 10 years from the peak before it got going. Are you planning on waiting that long ?

It's much easier to wait accepting risk of unearned profits, rather than sit on negative equity being unable to sell it and praying that you can keep up with morgage repayments.

[Churchill]

If you could have sustained any kind of attention span on that thread churchill you would have appreciated that there is a time to cut and run and a time to await your moment. You presumably are unable to distinguish between the two, a bit like the hysterical AtW. Good job you confined your military efforts to part-time tugboat assistant in the RNR. Worrying to imagine you in charge of anything more powerful than that with your limitations.

Oh, if I'd waited long enough for you to admit you were wrong?

Sorry, you'd already pissed on your chips by the time you turned coat. A trait all too common in your type I find.

[Troll]

"Not only does this show in excessive growth now - more importantly, the almost inevitable reversal suggests a sharp correction by 2008," she said.

I don't know if it's just me getting older & more cynical but there seems to be a glut of opinion in the media posted as 'facts' - she is hedging her bets by saying that the figures 'suggest' this & obviously at some time (like a broken clock) the doom mongers will be right, even housepricecrash.com. I seem to recall similar predictions in 2006 & 2007.

[milanbenes]

ahh LanceJack Bhoy is out on day release eh,

or his mum has put 50p in the electricity meter.


Question, if house prices did crash, and mortgage interest rates rise further, would anyone here be affected ?

Anybody here extended their mortgage, released their equity and spent it on crap ?

Milan.

[DimPrawn]

I extended my mortgage (about £200K), invested it in more property and then paid off my original mortgage over the last 5 years using my contracting income.

Nice.

[sasguru]

In the last correction the next round was best part of 10 years from the peak before it got going. Are you planning on waiting that long ?

I'll be a millionaire after those 10 years. Better than pinning your hopes on a pipe-dream called SKA.

[Buffoon]

MPC unch

[rootsnall]

It's much easier to wait accepting risk of unearned profits, rather than sit on negative equity being unable to sell it and praying that you can keep up with morgage repayments.

The problem with the 'waiting for the crash to buy big' strategy is that if you are a cautious type and haven't waded in to the market in the last few years then you won't be the type to buy when its all doom and gloom post a correction. It seems a no brainer now but why wasn't every man and his dog buying property in the mid 90s !?

[Bear]

Rates left on hold!

[shaunbhoy]

Oh, if I'd waited long enough for you to admit you were wrong?

Sorry, you'd already pissed on your chips by the time you turned coat. A trait all too common in your type I find.

I proposed doing what all the hostages bar one resolved to do. Sit tight and await a negotiated release. A strategy which paid off handsomely. The only one that put his life in danger was the flighty nervous plonker that plunged headlong into the jungle and had to be fortuitously rescued by stray jungle natives. That panic-induced knee-jerk reaction would have been your option would it churchill? Good grief, Nelson would be spinning in his grave at the thought that a naval man (however tentative the link might be!) could have been so gutless and short-sighted. Still, I suppose being dangled from wifie's apron-strings for so long may have blunted your logic somewhat, assuming you ever had any that is!