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Debate House Prices


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How can people be so pessimistic all the time?

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  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 21 November 2009 at 3:44PM
    And thats the thing.... There seems to be a core group of perma-pessimists, who actively seek out doom filled news, the more sensational the better, and wallow in it.

    We're all doomed..... Except we're not of course, and never have been despite all the people over the years who have claimed so.

    Hamish, you are exactly the same, just in the opposite way. So don't see why you feel you need to ask questions about the opposite side of the fence.

    To me, I have to look at what is going on and the results of what is going on. I have always had to do that, in anything in life.

    Some people are able to block out the results of actions. They can only see the action.

    In this case, thats what we have here. One person saying, well yes, the stimulus is needed, BUT, what will happen when x y and z starts?

    Another person will focus on all the good bits of the stimulus, and completely blank what may happen later.

    Someone like yourself, will not even talk about the stimulus, only say "you were wrong, I was right". Not interested in why you may have been right, or close, or wrong. Only that you are. It doesnt matter how its happened, as long as prices are up right now, thats all that matters. Whether that money was stolen from dozens of old grannies or we were selling off the poor to start some slavetrade in the middle east....it would not matter, as long as prices were up. Not interested in anything else, or any of the problems that causes.

    The same goes for the real pessamists, who can only see falls and do not want to know anything about anything else.

    But I find you a bizzare person to be throwing the stones after starting one thread today about prices being up 27% over five years. It's a bizzare thread, with you going on to tell us its actually 40+% if you factor in rent you have saved etc. BUT, you are not in the slightest bit interested in the costs of buying, the costs of owning. Only that you are saving x amount on rent. The associated costs don't even enter your mind when you are blabbing on about profit and HPI...those costs simply do not count to you, so long as your end figure reaches HPI by only adding up the things you want to add up to make your case. Stamp duty, solicitors fees, moving costs, repair costs, insurances....they are all completely blanked out of your equations as if they don't exist to find your profit figure a the end.
  • Dan: wrote: »
    These people will never have the bulls to buy a home as the debt scares the living daylights out of them - basically very little idea of how finance really works. Therefore home ownership will be nothing more then a dream for these people.

    Baby boomer phrase number 1:

    "Kids these days, no understanding of finance at all, everything is on credit, credit cards this loans that, it wasn't like that in my day, we saved for everything!"

    Baby boomer phrase number 2:

    "Yes son, you should definitely buy that 2 bedroom terrace on an ex council estate for £180k with an interest only mortgage with no deposit on your call centre salary, you'd be a fool not to!"

    :confused:
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    This thread threw me for a while, it was rather cleverly worded. It implied that it was pessimistic to believe in lower house prices. Then I realised I lived in hope of lower house prices. So I am actually an optimist. Because I expect my hope, my belief, to come true at some point. So both Hamish and I are optimists.

    It's a funny thing - optimism.
  • skap7309
    skap7309 Posts: 874 Forumite
    Mr.Brown wrote: »
    This thread threw me for a while, it was rather cleverly worded. It implied that it was pessimistic to believe in lower house prices. Then I realised I lived in hope of lower house prices. So I am actually an optimist. Because I expect my hope, my belief, to come true at some point. So both Hamish and I are optimists.

    It's a funny thing - optimism.

    Same here. Not really waiting for lower house prices anymore as cant really see them taking off for years. Just saving that deposit these days. Not quite sure how that labels some people pessimistic? Quite frankly, im very optimistic about the future.
  • Saw someone post this on hpc and LMAO..... Then thought about it some more, and realised it so perfectly encapsulates the mentality of our more pessimistic posters.

    I just don't understand how some people can be so pessimistic and afraid of the future.

    In the great depression, you saw people walk around with sandwich boards claimning the "end is nigh", nowadays those same types of people congregate on hpc.co.uk or here on the debate house prices/economy board.

    Why? And how can these people get through life being so bl00dy miserable and pessimistic?:confused:


    Tein_cover_3.jpg

    Mmmm, interesting post. I guess it depends on what you call pessimistic. I suppose I'm one of those people, but my pessimism is based on reading many books based on fact (energy for instance), I take no glee in putting forth the information I've read, although it can be slightly irritating when your arguments are challenged by people who don't have the faintest idea what they are talking about and just suck up tit bits from the mainstream media.

    However on a day to day basis I don't think too much about, I certainly don't go around with sandwich boards or anything like that.

    But the facts remain, and no amount of head burying will alter those facts, that over the next decades the human race faces massive challenges, many of which will not be overcome, our current way of life is unsustainable in everyway, and as long as you accept that and prepare for a future that bares no resemblence to our recent past, there is no reason not to happy on a day to day basis.
  • I am also pessimistic by nature. Knowing that good things do not last forever we did not live the high life but payed off our mortgage. Now work is down by 80% we do not need to worry about a mortgage. In addition we have a bit in the bank to see us through. Unfortunately if I had the same attitude as those around me who say "as long as you can service your debt, it is okay" then i would have most probably lost my house by now!

    None of us can help our nature. I certainly wish I could at time but for the moment I am quite happy that I am always a glass half empty type of person!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Of course there are two ends to any spectrum;

    Why do some choose to be SO far to the falsely positive end?

    it's because some have failed miserably and others have done well out of these situations... :rolleyes:

    for example there are those that purchased at the peak in the last 90s crash and sold shortly after and making a loss on that on a purchase - those are scars many will keep for a lifetime. it will stop them buying again because they are scared and scared of making another financial mistake... is that not right cannon fodder :money:

    to these 'doomers' schadenfreude kicks in each and every time - they are desperation personified.... :T
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    it's because some have failed miserably and others have done well out of these situations... :rolleyes:

    for example there are those that purchased at the peak in the last 90s crash and sold shortly after and making a loss on that on a purchase - those are scars many will keep for a lifetime. it will stop them buying again because they are scared and scared of making another financial mistake... is that not right cannon fodder :money:

    to these 'doomers' schadenfreude kicks in each and every time - they are desperation personified.... :T

    Hang on a second, since when has affordable housing been a bad thing?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    Hang on a second, since when has affordable housing been a bad thing?

    housing is affordable, just not to the ones that can't afford it - they're the ones that usually have the most pessamistic views :money:
  • abaxas
    abaxas Posts: 4,141 Forumite
    chucky wrote: »
    housing is affordable, just not to the ones that can't afford it - they're the ones that usually have the most pessamistic views :money:

    Post of the week! I'll give you time to edit out your stupidity, and I'll do the same with this post.
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