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Debate House Prices
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Some of you are vultures
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There's a lot of jealousy and nastiness on here I've noticed. Most people won't be in neg equity, most people won't be repossessed, most people will have a lot of equity in their homes even if they fell by 20 or 30%, and unless people are selling in the next few years it ain't gonna matter.
Property will start to rise again in about 12 months so I don't see what everyone's running around like headless chickens for. Enjoy your home and be glad that you could buy when you did. A lot of people will never be able to buy their own places cos the banks are only lending to peeps with huge deposits, guaranteed good income, and squeaky clean credit.
The less fortunate ones will once ahain get left behind and I spose will keep on moaning on here when they;re cooped up in their rented flats at the age of 60 while the rest of us will be enjoying our retirement and not having to pay over inflated rents cos we own outright.0 -
Yep its funny betty, when we were in the poop the banks bent over to throw money at us. As the years passed and I bailed us out of the mess the banks became less likely to lend to us. Now we have plenty of surplus money the bank has said we are too much of a risk.Barclaycard 3800
Nothing to do but hibernate till spring
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breadlinebetty wrote: »There's a lot of jealousy and nastiness on here I've noticed. Most people won't be in neg equity, most people won't be repossessed, most people will have a lot of equity in their homes even if they fell by 20 or 30%, and unless people are selling in the next few years it ain't gonna matter.
100% correct. most people won't even be impacted.
but for some people it's fun to consistently post up negative news stories just to see other peoples reactions and to have "thanks" count go up. as you see most people won't be even remotely affected by the downturn.breadlinebetty wrote: »The less fortunate ones will once ahain get left behind and I spose will keep on moaning on here when they;re cooped up in their rented flats at the age of 60 while the rest of us will be enjoying our retirement and not having to pay over inflated rents cos we own outright.
they're probably the ones that have the most jealousy and will probably be left out again no doubt. it's a shame really.0 -
I wonder who that is? If you find one Chucky, please let us know. We can all tell them their house is crashing, that'll wipe the smile off their face.but in saying that there are some great and very nice people on this board who aren't just here to spout off to try and make themselves look good and feel important.0 -
I am pleased you know that it will all turn about in 12 months Betty, that will ease a few peoples burdens.breadlinebetty wrote: »There's a lot of jealousy and nastiness on here I've noticed. Most people won't be in neg equity, most people won't be repossessed, most people will have a lot of equity in their homes even if they fell by 20 or 30%, and unless people are selling in the next few years it ain't gonna matter.
Property will start to rise again in about 12 months so I don't see what everyone's running around like headless chickens for. Enjoy your home and be glad that you could buy when you did. A lot of people will never be able to buy their own places cos the banks are only lending to peeps with huge deposits, guaranteed good income, and squeaky clean credit.
The less fortunate ones will once ahain get left behind and I spose will keep on moaning on here when they;re cooped up in their rented flats at the age of 60 while the rest of us will be enjoying our retirement and not having to pay over inflated rents cos we own outright.
So would you say that the best time to buy is in about 11 months then? I am going to listen to you and not the economists, what the hell do they know?
I remember the last recession, Betty, and there was nowhere near the amount of large companies going to the wall, and we are just at the start of it.
At the moment Alistair Darlings stupidly low interest rate is the finger stuck in the dyke that represents property prices.S!!!!horpe0 -
You want it to be bad so you can get a cheap house. My point is people won't/can't afford to drop the prices. So those who can will sit tight and the market will mainly open up by people going under, if loads are going under credit will stay tight and even that affordable house will be out of your reach.I am pleased you know that it will all turn about in 12 months Betty, that will ease a few peoples burdens.
So would you say that the best time to buy is in about 11 months then? I am going to listen to you and not the economists, what the hell do they know?
I remember the last recession, Betty, and there was nowhere near the amount of large companies going to the wall, and we are just at the start of it.
At the moment Alistair Darlings stupidly low interest rate is the finger stuck in the dyke that represents property prices.Barclaycard 3800
Nothing to do but hibernate till spring
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