to think all this nonsense about house prices being too high is just that - Nonsense!

[RazahFluffy]

DH and I have long been in the property game. We actually met whilst working as Estate Agents back in 1999!

I've seen a lot in my time as an agent - 2008/2009 were a bit of a blip, but overall, there's one thing I've always had faith in, and that's bricks and mortar and that prices always go up. They aren't making more land after all 😁

As well as working in property, we've got a few of our own. We started off as accidental landlords after we got together and kept both our homes to rent out when we decided it was time to move in together and find a place of our own. Over time we've added a few more to the portfolio.

We are lovely landlords. We let our tenants have our houses as their homes, and we like to do little things like send them Christmas hampers, and know their birthdays so we can send a card and usually a Pizza Express voucher.

Anyway, there's a lot of rubbish being written recently about interest rates and the economy affecting the market. Nothing could be further from the truth where we are!

It's still buoyant and the buyers registering at the agency are no different to usual - excited to either 'get on the ladder' or move to their next step towards their eventual forever home😊Vendors are still confident. They agree with us that houses are actually a bit too cheap, all things considered because inflation is quite high.

The one thing I'd have to say is if you can't afford a mortgage at the moment - think about your expectations. You might have thought previously that you could afford a 4 bed, but if you can only get a 3 bed for now is that really so bad? First time buyers especially I feel need to be realistic!

Property always goes up and it's no different now. We're really confident and having seen it all in this game, we really think it's time to believe in the market💪

Bit late to hide it once you’ve read it and been subjected to the most infuriating, condescending, obviously goady shite I’ve read on this site for some time.

@Herejustforthisone the OP is a frightened main player in the national equivalent of a ponzi scheme who is probably nervous of the last fortnight of news and comments they’ve heard around them.

So is making themselves feel better by bullishly talking up their industry before it all slows to a crawl and they no longer have the self perceived status and respect they had in the better times.

Everyone would like to live in Narnia OP although it can be a bit chilly. If you're as experienced in property as you claim I don't understand how you can have such a poor grasp of the current market.

Well you kinda are monsters…you are one of those driving up property demand because no doubt you snapped up affordable homes. Many people (despite your wealth of wisdom and optimistic nature) can’t afford property at the prices they are at these days, so they need to pay high rents to people like you who “need to live and make a profit”…

This is just silly. Why would I be frightened? It's all going to blow over soon, it always does, and then the market will continue it's rise.

I am just laughing now. Straight from Bank of England website.
'The Bank of England also affects house prices through setting the key interest rate in the economy. The lower interest rates are, the lower the cost of borrowing to pay for a house is, and the more people are able to afford to borrow to buy a house. That will also mean prices will tend to be higher.'

You really need to study basic economics...

Demand is also linked to availability of credit. If people can't borrow, they can't afford to pay the current prices so prices will fall. Not everyone would sell for a loss but one person selling at a loss would determine future prices.

You might as well retitle your post “How to tell someone I don’t know about the stock markets without telling them I don’t know”.

Of course the FTSE 100 today, Wednesday, is lower than it was in 1999. We all know why.

I’m talking about performance over a decade. Presumably you’ve held your rental properties for longer than one day, today? In which case there was a purchase price, and there will be an exit price?

You don’t understand economics @RazahFluffy which is fine, but don’t tell me the FTSE value today and expect me to take that as a rebuttal, that’s absurd.

Don't be shocked if UK house prices fall in real terms over the next 20 years, thats what happened to Japan.

Anyway, I've got to get ready for work - another day bringing people's dreams of getting in their own special place a reality. Let's hope for a few sales today just to show you all that the market is still hot 😊

Uhhh...good for you, I guess. 🤷‍♀️

You sound like you have an agenda here.

The interesting thing about this thread is the current tone. Even a few months ago almost everyone here would have been agreeing with the OP's view if the world...
Markets are about belief - if the views here are typical then clearly the undying belief in increasing house prices has gone, and we are likely to experience a massive correction.

subtitled :

”Anyway, I’ve just been exposed as understanding nothing about economics or the market. But I’ll get another dig in at people before I go because it makes me feel better while the iceberg looms ahead”.

I suppose, OP, when people start getting red alerts about their mortgage repayments, we can direct them to you, preferably before they become brown trouser alerts. You are either on the wind up or tone deaf. Preaching at people to dial back on their longing for a 5 bedroom house, when lots of them can't even afford a shoebox?

OP sadly you could do with a lesson in psychology as well as economics.

Your desperate attempts to talk up the property market actually serve the opposite purpose, of illustrating the desperation of estate agents and landlords to avoid/defer the crash lurking in wait. Really all you have done is highlight the inevitability and also the risk to anyone who chooses to buy right now.

🤣

50 quid says op doesn't make a single sale this week

I think your head is in the clouds and you’re trying to just look after your own interests. You bought houses when it was economically viable to do so.

The shitty thing is that you are using your rental property to make money and not just get the mortgage paid off to own and to accrue a bit for wear and tear. You are using it as a business venture thus representing everything that’s wrong with landlords and the market.

For a long time now investment in brick and mortar is not as good for long term as say an investment account eg. Vanguard.

People need to be “realistic”? In that many people can no longer afford a house at all on their salary and have to borrow many times their salary that even then they can’t afford somewhere basic.
Eg DB earns £20-25k pa can mortgage £101k - literally no property in our area less than £160k by the time he has £60k deposit it will have risen. But then he can’t afford mortgage payments plus the bills of the flat/house so no - I don’t think the housing market is good.

My friends just had to change their whole life because their shitty landlord wanted to sell and there is nothing they can afford to rent in the area any more.

Its time the housing market crashed in that it’s time there was no housing market. Being able to have a home and run it shouldn’t be a market commodity- it should be a basic right of the people.

I’m a doctor who genuinely will struggle to afford to buy a one bedroom flat near where I work despite a good salary. But apparently all is fine and I should expect my parents to be able to give me money or buy with a sibling. OP is ridiculous and in a bubble of her own and has infuriated me beyond belief.

Someone once smugly asked me why I didn't buy in 1999 like they did.

I tried, but my mum wouldn't write me a note to get the time off school to see the mortgage adviser.

Haha this

Translated:

“We are loving the traffic. This is highly likely to be picked up by a national newspaper, driving more traffic to the forums. If you don’t like it, please hide it because we’re not taking it down”.

Sounds like someone is trying to keep themselves in a job. We all know it's due a crash.

Aw, pwoor wickle wandwords.

Don't feed the goady troll people. She'll get too fat to fit under her bridge and then we'll be listening to this drivel 24/7