From: "Tumbleweed" 
Newsgroups: uk.finance uk.politics.misc
Subject: Re: House Price Crash draws closer
Date: Wed, 4 May 2005 09:31:56 +0100


"Jim Ley"  wrote in message 
news:427878de.250545885@news.individual.net...
> On Wed, 4 May 2005 08:04:56 +0100, "Tumbleweed"
>  wrote:
>
>>Because itsa test of what you really think will happen. If you own a 
>>house,
>>then by your own beliefs you're a mug, since you could sell it and buy it
>>back again much cheaper after the 'imminent' crash. At least 30% cheaper,
>>according to you. Don't you believe your own propaganda?
>
> We've discussed this, you cannot buy _it_ back, you could buy a
> reasonably equivalent house if you invest a large amount of time in
> finding one.
>

I'd be happy to buy a similar house to mine, and have £100k or so spare, and 
I suspect most people would, after all chances are you'll buy a different 
one at some anyway.

But, if people dont think they should sell their houses, then whats all the 
fuss about a crash, whats the point about the continued postings about 
imminent crashes if they dont actually do something about it?

> A more reasonable question would be about what people are wanting to
> move are doing?
>
> Jim.

I suspect very few are moving into rented. After all, if you find the house 
you really want to move into, presumably the same argument goes, e.g you 
couldn't buy that exact same house in say 6 months time, so you should buy 
it now and never mind the (say) 100k loss? And if you move into rented, you 
are incurring extra costs and hassle. If people that really believe (so they 
say) a crash is coming, wont take the hassle of selling and moving into 
rented to get a large sum of money ,why would the ordinary punter?

-- 
Tumbleweed

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