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Some of you are vultures
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tesuhoha
Posts: 17,971 Forumite
I am shocked at the way a lot of you are laughing and rubbing your hands with glee at the house price crashes. Don't you realise that there are a lot of ordinary people who have lost everything? For you to be able to buy a repossession means financial ruin for some other unfortunate person and they have lost everything including their home through the sheer bad luck of trying to buy at the wrong time.
This person no doubt paid more for their house than the knock down price that you will pay so why do you deserve to have it rather than them? You are profiting off the back of other people's misfortune. You are trying to make out that everyone who has bought in the past is full of greed and is trying to price first time buyers out of the market. This is not true. There are many ordinary people who have struggled with mortgages for years.
This all gives me the uncomfortable feeling that there is going to be a hpc bloodbath in the next few months. Don't get me wrong I feel sorry for first time buyers but there seems to be a lot of opportunistic greed on this forum.
This person no doubt paid more for their house than the knock down price that you will pay so why do you deserve to have it rather than them? You are profiting off the back of other people's misfortune. You are trying to make out that everyone who has bought in the past is full of greed and is trying to price first time buyers out of the market. This is not true. There are many ordinary people who have struggled with mortgages for years.
This all gives me the uncomfortable feeling that there is going to be a hpc bloodbath in the next few months. Don't get me wrong I feel sorry for first time buyers but there seems to be a lot of opportunistic greed on this forum.
The forest would be very silent if no birds sang except for the birds that sang the best
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This person no doubt paid more for their house than the knock down price that you will pay
I don't anticipate anyone will be paying a knock-down price. People will soon be paying sane prices. We have been warning for a long time that the prices being paid were insane.
That people bought anyway can hardly be blamed on us. Some felt they had no choice - others were openly rubbing their hands in glee at the get rich quick scheme they thought they had found, and taunted us for 'missing the boat' (Titanic, as it turns out).
That the powers that be let prices carry on careering away can hardly be blamed on us. If anything, quite the opposite - we wouldn't be in this mess if we had been listened to sooner rather than ridiculed.
That the inevitable reckoning is going to wreak such damange on our economy could be blamed on many people, but we're right at the bottom of the list.Hurrah, now I have more thankings than postings, cheers everyone!0 -
I am shocked at the way a lot of you are laughing and rubbing your hands with glee at the house price crashes. Don't you realise that there are a lot of ordinary people who have lost everything? For you to be able to buy a repossession means financial ruin for some other unfortunate person and they have lost everything including their home through the sheer bad luck of trying to buy at the wrong time.
This person no doubt paid more for their house than the knock down price that you will pay so why do you deserve to have it rather than them? You are profiting off the back of other people's misfortune. You are trying to make out that everyone who has bought in the past is full of greed and is trying to price first time buyers out of the market. This is not true. There are many ordinary people who have struggled with mortgages for years.
This all gives me the uncomfortable feeling that there is going to be a hpc bloodbath in the next few months. Don't get me wrong I feel sorry for first time buyers but there seems to be a lot of opportunistic greed on this forum.
Very well said.
Unfortunately dont expect any agreement or thanks for this post. Most on here are the type who would walk by a person in the street who fell over and hurt themselves these are the true greedy me me me people that are the bane of modern society.
They will laugh as families lose everything as they think they deserve a cheap house.
Get ready for plenty of abuse as anyone who posts on here who doesn't agree with the majority are gang banged by the usual suspects.0 -
Unfortunately dont expect any agreement or thanks for this post. Most on here are the type who would walk by a person in the street who fell over and hurt themselves these are the true greedy me me me people that are the bane of modern society.
Yeah, I think we should live in a society where an ordinary family should be able to afford a decent home without crucifying themselves on a lifetime of debt.
I'm basically scum.Hurrah, now I have more thankings than postings, cheers everyone!0 -
I feel truly sorry for the people who were repossessed in the 1980s when interest rates went crazy. I feel truly sorry for the people today who are losing their homes because of unforseen circumstances like redundancy or health problems.
Whilst I would NEVER EVER wish repossession on anyone, I can't feel truly sorry for anyone who loses their home because they want house, holiday, car and all the other trappings or those who just give up paying their mortgage because their house is in negative equity. The property market is a gamble, and a mortgage is a loan you take out to place that bet.
Maybe I sound harsh. I am comparing these people to the amazing individuals over on the DFW and MFW boards who have got themselves into a bad situation and are doing everything in their power to sort it out. Head over there and you will hear every sob story under the sun, except they just tell it as it is not for sympathy.
I take my hat off to those people.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
Yeah, I think we should live in a society where an ordinary family should be able to afford a decent home without crucifying themselves on a lifetime of debt.
I'm basically scum.
What about the ordinary families who bought in the last two years should they be thrown out on the street due to stupidly buying a house at a bad time?0 -
A HPC does not cause repossessions. A debtor not paying the debts secured on their homes does.
I am really fed up of people blaming everyone and everything under the sun for their problems. People need to accept responsibility for their own actions. No one forced these people to take out 125% mortgaged a 5+X joint incomes, nobody forced these people to take on a huge financial commitment with little thought or worry about what happens after the end of their heavily deducted fixed rate mortgage or what happens if income drops slightly. IMO if losing one salary in a two salary household means financial trouble then you are overstretched.
I would not wish repossesion on anyone but I struggle to have sympathy for those who took a gamble and lost.
For the record I have my home, its mortgaged and is losing 'value' week on week. As long as I keep paying the mortgage it doesn't matter.MF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/2000
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What about the ordinary families who bought in the last two years should they be thrown out on the street due to stupidly buying a house at a bad time?
no, only if they stop paying the mortgage and even then it will likely be after 6 months.
even back on a svr because of the reduced ltv the repayments should still be about the same or lower than 2 years ago.
if your argument is people who dont pay the mortgage then thats different, i say go for it because i think it would be quite funny to see all lending stop dead.0 -
I am shocked at the way a lot of you are laughing and rubbing your hands with glee at the house price crashes.
I was more shocked of the laughing and rubbing of hands when house prices were on the way up. There was a lot of gloating of home owners over non-home owners of this perceived wealth.
See the "The Nice Decade Poll-Who missed out?" thread for example!0 -
What about the ordinary families who bought in the last two years should they be thrown out on the street due to stupidly buying a house at a bad time?
If they pay their mortgage, they won't be exactly thrown out on the street, will they? They'll just live there....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Before they can gorge vultures go hurgry for very long periods.Nationalism is an infantile disease. It is the measles of mankind. - Albert Einstein.
“The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.”-
Orwell.0
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