Cyprus-Forum.com

[simonwjones]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

[cyprusgrump]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

[simonwjones]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

[cyprusgrump]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

Becuase you stated the following as fact: -

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Which is clearly untrue.

It is the size of your borrowing to fund the property which is relevant.

Somebody buying a £1M property for cash will be less affected than somebody buying a £100K apartment with a 100% mortgage.

I bought a large property in 1990 for £160K which promptly lost £50K when the market adjusted yet I didn’t fall hard at all because I was not overstretched. In fact a number of years later I sold it and made 100% profit.

[simonwjones]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

Becuase you stated the following as fact: -

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Which is clearly untrue.

It is the size of your borrowing to fund the property which is relevant.

Somebody buying a £1M property for cash will be less affected than somebody buying a £100K apartment with a 100% mortgage.

I bought a large property in 1990 for £160K which promptly lost £50K when the market adjusted yet I didn’t fall hard at all because I was not overstretched. In fact a number of years later I sold it and made 100% profit.

I disagree.

I am not talking about people and the size of their mortgage. Put it this way someone buys a house for £200k and the price then falls 20% they will lose £40k.

Someone who buys an apartment for £100k the price drops by 20% they will lose £20k

Who loses the most?

[Oracle]

Keep things in perspective, most people have homes, only gamblers make investments out of these!

The only significant Cyprus Property Crash worthy of debate is how 200,000 people will get their homes back from those thieving Turks!

What would you rather have ... a 50% reduction in the value of your home (or investment ) ... or some foreigner arrive with guns and bombs and take it from you and throw you out?

[cyprusgrump]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

Becuase you stated the following as fact: -

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Which is clearly untrue.

It is the size of your borrowing to fund the property which is relevant.

Somebody buying a £1M property for cash will be less affected than somebody buying a £100K apartment with a 100% mortgage.

I bought a large property in 1990 for £160K which promptly lost £50K when the market adjusted yet I didn’t fall hard at all because I was not overstretched. In fact a number of years later I sold it and made 100% profit.

I disagree.

I am not talking about people and the size of their mortgage. Put it this way someone buys a house for £200k and the price then falls 20% they will lose £40k.

Someone who buys an apartment for £100k the price drops by 20% they will lose £20k

Who loses the most?

Hahahahahahahahahahhahahahaha!

[simonwjones]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

Becuase you stated the following as fact: -

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Which is clearly untrue.

It is the size of your borrowing to fund the property which is relevant.

Somebody buying a £1M property for cash will be less affected than somebody buying a £100K apartment with a 100% mortgage.

I bought a large property in 1990 for £160K which promptly lost £50K when the market adjusted yet I didn’t fall hard at all because I was not overstretched. In fact a number of years later I sold it and made 100% profit.

I disagree.

I am not talking about people and the size of their mortgage. Put it this way someone buys a house for £200k and the price then falls 20% they will lose £40k.

Someone who buys an apartment for £100k the price drops by 20% they will lose £20k

Who loses the most?

Hahahahahahahahahahhahahahaha!

Your humour coming out again Grump.

Anyway take a look at the link, quite appropriate to the link http://www.buysellcyprus.com/nqcontent.cfm?a_id=2606

[cyprusgrump]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

Becuase you stated the following as fact: -

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Which is clearly untrue.

It is the size of your borrowing to fund the property which is relevant.

Somebody buying a £1M property for cash will be less affected than somebody buying a £100K apartment with a 100% mortgage.

I bought a large property in 1990 for £160K which promptly lost £50K when the market adjusted yet I didn’t fall hard at all because I was not overstretched. In fact a number of years later I sold it and made 100% profit.

I disagree.

I am not talking about people and the size of their mortgage. Put it this way someone buys a house for £200k and the price then falls 20% they will lose £40k.

Someone who buys an apartment for £100k the price drops by 20% they will lose £20k

Who loses the most?

Hahahahahahahahahahhahahahaha!

Your humour coming out again Grump.

Anyway take a look at the link, quite appropriate to the link http://www.buysellcyprus.com/nqcontent.cfm?a_id=2606

Thanks for the maths lesson Simon, I didn’t realise how percentages worked before…

You still haven’t justified your original statement that I took issue with but given that you probably read it somewhere there is little point continuing.

[simonwjones]

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Can you explain that or did you just read it in The Daily Mail or something?

No. If you read above MrG about the member who had their house on the market for £235k and now its on the market for £165k or whatever. Thats what I mean.

Okay, so what you are saying then is that you agree prices are falling?

And the bit about ‘The bigger you buy the harder you fall’ was just rubbish because it is patently untrue?

Doesn't that mean the same? It does to me.

Not sure about prices falling as I haven't checked

No.

Why?

Becuase you stated the following as fact: -

The bigger you buy the harder you fall.

If you buy a nice big house you are leaving yourself open to potential trouble.

Which is clearly untrue.

It is the size of your borrowing to fund the property which is relevant.

Somebody buying a £1M property for cash will be less affected than somebody buying a £100K apartment with a 100% mortgage.

I bought a large property in 1990 for £160K which promptly lost £50K when the market adjusted yet I didn’t fall hard at all because I was not overstretched. In fact a number of years later I sold it and made 100% profit.

I disagree.

I am not talking about people and the size of their mortgage. Put it this way someone buys a house for £200k and the price then falls 20% they will lose £40k.

Someone who buys an apartment for £100k the price drops by 20% they will lose £20k

Who loses the most?

Hahahahahahahahahahhahahahaha!

Your humour coming out again Grump.

Anyway take a look at the link, quite appropriate to the link http://www.buysellcyprus.com/nqcontent.cfm?a_id=2606

Thanks for the maths lesson Simon, I didn’t realise how percentages worked before…

You still haven’t justified your original statement that I took issue with but given that you probably read it somewhere there is little point continuing.

I'm bored of explaining now