Pride comes before the 'Fall'

Conrad

neas wrote: »

Its fine to make money... but its not fine to think they had some expertise when they made a lucky decision years ago. And the house tripled in cost.

I'm with you here. In my job (it's not a profession) I've met many a smug landlord that soon forgot his simple good fortune was just luck. Many lord it about as if they are a cut above, when in reality a lot of us find them fairly tedious individuals.

I was a LL and luckily made a little money, but I never bragged, in fact I barely ever mentioned it.

A 'freind':rolleyes: is always telling us all he has so much rent comming in he doesn't have time tio spend it all. He is ignorant of the world and unenlightened and was just lucky. He put no thought into the properties he bought in the 1990s, he just had a vague notion it was a good thing to do.
In truth he has no freinds as everyone finds him shallow.
He isn't nearly as chripy lately though. I avoid him as I find him draining, and slightly obscene.

Dithering_Dad

Lotus-eater wrote: »

Thought it was German?

neas was a latecomer to the crash scene and came on here.....what....... 3 months ago wanting to know whether to buy or not, was convinced it was a bad idea and became a newly born crash artist.

I couldn't find a French alternative to 'Schadenfreund' unfortunately and I really wanted to use that word, it really describes the current state of the Housing boards so well.

I'm not surprised to hear that neas is a newborn crash predictor, you can spot them (and their cousins the stock market crash predictors) a mile away. They're so vitreolic and hate-filled about their 'message', similar to how new converts to a religion often become zealots and fanatics.

You can just see neas (and his cohorts) standing on street corners, with the bright, wild eyes and sweaty, sheened face of a fanatic, screaming on about how the End of the Financial World is nigh, spittle flying from his lips, people dashing home to their families, while neas, a lonely and defeated looking fellow shambles off to his damp bedsit, dejected, alone and hugging his hatred and predjudice to chest like a blanket.

Dithering_Dad

Conrad wrote: »

I was a LL and luckily made a little money, but I never bragged, in fact I barely ever mentioned it.

You mention it every time you post. Look! You've just mentioned it again! :rotfl:

neas

Lotus-eater wrote: »

neas was a latecomer to the crash scene and came on here.....what....... 3 months ago wanting to know whether to buy or not, was convinced it was a bad idea and became a newly born crash artist.

Indeed so that must be why i've had 15% deposit towards a 2 bedroom 'FTB'er home for a couple of years now?

And outright purchased a Honda civic for 10k 8 months ago... Yep must be why ...

Just cause I joined 4 months ago doesn't make me any more experienced/inexperienced.

And to reitreate... I'm not feeling smug at those struggling because they were conned into the 'houses only increase' argument. Im smug at those who were overly smug... rubbing it in peoples faces.

Those who still rub it in peoples faces NOW

For the past 4 months I've had to put up with a certain landlord posting how he has so many houses and insulting carolyn because she has none.

Im sorry if i feel someone got their just deserts... and in all honesty that certain individual won't get the same just deserts as carolyn got... not in any way or form. I do feel happy that some of his wealth is reduced and brought back into the 'pot' of people like carolyn.

Myself.. I coulda bought 2 years ago... but I thought houses wee high then so treated myself to a car instead . I made a good decision.. this was well before Houceprice crash or MSE.

I coulda bought 'again' with my partner last december but decided to rent instead... which was a good decision now.

I didnt like it how people were riddiculed for not joining the house price increase... and told they would always rent... paying someone elses mortgage.. this was wrong.

And in all honesty, thats been the majority of debate on this forum from pro -HPI debates for a long time. The same individuals ridiculing people.

Dithering_Dad

neas wrote: »

And outright purchased a Honda civic for 10k 8 months ago... Yep must be why ...

....Those who still rub it in peoples faces NOW.

I so wish that I could afford a Holda Civic for 10k, but I can't afford one. I hate the fact that you're rubbing your good fortune in my face.

Actually, I know that in three year's time your Honda Civic will be worth half of what you paid for it!

*Manic Laughter and much rubbing of hands together* HARRRARARRAR (Rub Rub)

I shall wait those three years and buy a comparable car for half the cash you paid, then you will bow to my superior financial intellect!!

In the meantime I will have to walk , pay for expensive taxis and use grotty public transport for the next three years but at least I get to gloat about how much your car is depreciating as you drive past me at the bus stop each day where I stand in the rain, laughing at you sat in your comfy, warm and dry car.

HURURURURURRR! *more manic laughter*

Rub Rub *more hand rubbing*

Conrad

Dithering_Dad wrote: »

The same accusation can be levelled at the people who insist they had housing crash prescience skills. In reality they didn't buy a house, not because of some expertise in predicting housing markets, but because they simply could not afford one.

A friend of mine over on housepricecrash bought into the credit cruch predictions back in 2005. He is a highly paid professional that refused to buy until the prices crashed for which he had an unshakable belief would soon come to pass.
I was a part time bear, but enough of one to sell my buy to lets, when all around scoffed at my nervousness. I did'nt make vast amounts as some claim (almost never true time you factor in the cost of deposits and so on) but I do feel somewhat vindicated I was right to be nervous whilst the great unthink Human herd blindly obeyed

neas

The annoying thing is most of the houses here are pants.

Grey Bricked, Old and compressed into busy streets.. will def be going for a cul de sac style location when the time comes .

And yea my car will devalue but not as quick as if i'd bought a house it seems. Houses are loosing 1-2k a month according to stats.... car will loose 2k max a year .

So good choice again, and I get to enjoy a new-ish car before i settle down.

Dithering_Dad

Conrad wrote: »

I was a part time bear, but enough of one to sell my buy to lets,

There! You've mentioned it again!! :rotfl:

Keeping_Motivated

neas wrote: »

And outright purchased a Honda civic for 10k 8 months ago... Yep must be why ...

I do hope you are not rubbing this fact in the peoples faces who cannot afford a car and have to walk or use public transport or indeed the people who do have cars but struggling to make the repayments let alone fill it up with petrol. :rolleyes:

Ooh and are you losing money on it with depreciation.... I do hope no one is smug about this point....

Dithering_Dad

Keeping_Motivated wrote: »

I do hope you are not rubbing this fact in the peoples faces who cannot afford a car and have to walk or use public transport or indeed the people who do have cars but struggling to make the repayments let alone fill it up with petrol. :rolleyes:

Ooh and are you losing money on it with depreciation.... I do hope no one is smug about this point....

I actually found it amazing that he'd admit to throwing 2/3rds of his hard-earned deposit money away onto a depreciating asset just at the point when house prices are finally tumbling and bargains are about to be had.

Hardly the actions of an astute financial expert. No wonder he hates anyone who is competent with money. :rolleyes:

He reveals his financial naivety even more when he points out that his car is depreciating less than a house. hmnn, perhaps, but his car will NEVER appreciate whereas a house eventually will.

"Buy High, Sell Low" is the mantra when you 'invest' in a car.

I despair for the youth of today.