I can't stand the doom crew anymore

pizzagirl

I don't get it. How is wishing for lower house prices 'doom and gloom'? The lower house prices are the better for society as a whole. Most of us have children and we want them to be able to afford a home when they grow up. You don't wish gas,transport, electricity prices, etc .to be as high as possible so why house prices? It doesn't make sense, it must be a UK thing?

justpurchased

brit1234 wrote: »

I have to disagree with you strongly. Many individuals, groups and media have been constantly been playing down what is happening. Just look at all the huge drops in banks and loses this quarter. These loses are going to be far worse over the next few quarters. The rights issuses phase has passed so where are the banks going to get this money to lend. That means reduced lending and in turn big falls in price.

This isn't doom and gloom. This means affordable homes for families and lending to those who are most secure.

Yes stabalisation at affordable prices is good and not doom. Only then we will see recovery.


Sorry if you are upset that some of us scream from the tree tops informing others from making probably the biggest financial mistake of their lifes.

AGGGGGGGGGGGGG The economy is not just houses. I have got to go before I put my head through my laptop!

skap7309

pizzagirl wrote: »

I don't get it. How is wishing for lower house prices 'doom and gloom'? The lower house prices are the better for society as a whole. Most of us have children and we want them to be able to afford a home when they grow up. You don't wish gas,transport, electricity prices, etc .to be as high as possible so why house prices? It doesn't make sense, it must be a UK thing?

I take it you are not from these shores then? Yes, people create uproar if house prices start dropping and seem to think the world is about to end. The government secretly want everyone in the country to be in as much debt as possible - the more debt they are in, the more hours they work, the more tax the government can rake in. Everything they do is about throwing money at people - as long as they have to pay it back. No wonder the UK works the some of the longest hours on average in Europe and it is rising. Not a coincedence.

brit1234

justpurchased wrote: »

AGGGGGGGGGGGGG The economy is not just houses. I have got to go before I put my head through my laptop!

You should of told that to Gordon Brown 10 years ago. The fact is that promoting higher house prices has fueled the economy. Equity release and buy to let has made money out of nothing making everyone feel happy apart from first time buyers. The buble was created and now it is payback time.

Saying "The economy is not just houses." is just denial or just plain dishonest:mad:

Max_Headroom_3

justpurchased wrote: »

AGGGGGGGGGGGGG The economy is not just houses.

You're absolutely right old bean, it isn't. But unfortunately it's mainly inflated house prices that have been propping the economy up for the last five years as people spend "created wealth" that doesn't really exist as they see thousands of pounds of "profit" as their house price soars on sentiment.

That's why things are so bad now as the pack of cards collapses, because there's precious little else to support the economy and the spending that's been going on (and the debt it's caused).

So whilst, as you say, the economy is not just house prices, recently it has been, with what is now proving to be disastrous results for many.

Call it doom and gloom if you like (and you'd be right again), but denying it won't make it go away...

Max_Headroom_3

brit1234 wrote: »

You should of told that to Gordon Brown 10 years ago. The fact is that promoting higher house prices has fueled the economy. Equity release and buy to let has made money out of nothing making everyone feel happy apart from first time buyers. The buble was created and now it is payback time.

Saying "The economy is not just houses." is just denial or just plain dishonest:mad:

You not only beat me to it, but wrote it far more eloquently!

Max_Headroom_3

justpurchased wrote: »

Sorry must put one thing to bed before I go. Purchased a new build 30% off (against land registry same size house same road. One of the last builds stock house) Put a 30% deposit down due to my last house sale.
I could have done STR but could not justify the family disruption.
If i lose my deposit (due to a massive HPC) so what, it was money I never earned it was from the sale of my previous house.

Then you've probably made a sound decision for you and your family, well done.

Brian_Bullocks

mr.broderick wrote: »

this forum is turning
into therapy for me.

So, no pu55y tonight mr.broderick :rotfl:

ManAtHome

Saying the economy is ok, just a blip, nothing to see here is also the height of dishonesty. Put off the hit, increase debt (up over 7% in the last year even though the rate of increase is dropping) has encouraged too many to take on debts they ultimately won't be able to pay back. The last 10 years seems to have been more about "it's ok if you can pay the minimum per week/month" rather than the likelyhood of repaying the capital as well. With high employment, relatively low interest rates and inflation we should still be "shopping 'til we drop" and managing to save more than in the past - doesn't seem to working out that way though...

"Pounds a week" worked when we had high inflation (wages as well as prices), but relatively low wage inflation is likely to leave many people "on the edge" for most of their working lives.

A bit "doom crew"..? Check the growing number of people falling behind on all sort of payments, check the ballooning government debt - maybe something will turn up eh?

ad44downey

pizzagirl wrote: »

I don't get it. How is wishing for lower house prices 'doom and gloom'? The lower house prices are the better for society as a whole. Most of us have children and we want them to be able to afford a home when they grow up. You don't wish gas,transport, electricity prices, etc .to be as high as possible so why house prices? It doesn't make sense, it must be a UK thing?

Yes, it's ironic that justpurchased and his ilk label others doom and gloom when in fact it is they that are doom and gloom for wishing house prices to stay artificially high with all the inherent problems associated with that