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I can't stand the doom crew anymore
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justpurchased wrote: »I could have done STR but could not justify the family disruption.
Bah disruption. Pretty weak comeback
Sorry JP but pizzagirl sums it up nicely for me. Ludicrously high house prices are not good for the economy.
I think the only doom and gloom you take issue with is having your imagined wealth that is in illiquid property wiped out, else you wouldn't be so frustrated and start such a thread.
"Oh living in a nice rented house is such a trauma for the family" - whilst house prices crash tens of thousands, hundreds of thousands or even millions of pounds a year.0 -
You only joined on 7 August. Not even one month.
Where's your backbone????0 -
justpurchased wrote: »Sorry must put one thing to bed before I go. .
:wave: :wave: :wave:0 -
justpurchased wrote: »AGGGGGGGGGGGGG The economy is not just houses.
Actually and very unfortunately, when talking about the UK economy of late, it is just houses. What do you think all the fuss is about?0 -
This is the second thread that I have seen you post like this, declaring the majority as bullies probably just because they don't agree with you. People post things on this forum that is of interest to them and its up to the reader to decide how to take the content. The fact that you interpret this as 'doom and gloom' says alot about your current situation.
Like Skap on the first page, I feel quite the opposite, this is not doom and gloom, this is bl**dy brilliant! The years prior to this were the doom and gloom for me, so I am currently enjoying these positive times and hope they continue for a good 12 to 18 months!0 -
Doom and gloom merchants?
Us?
Did jp actually read what independent commentators in the Telegraph, Independent, Motley Fool, Guardian, Times and FT said about the prospects for the housing market yesterday?
So long, jp, I enjoyed your contributions - even if we didn't really lock horns.0 -
One last post honest.:)
By doom and glume crew I mean the people who argue that interest rates need to go up because of inflation (even though recent iflation as been sparked by oil that is coming down). Or just post headlines to worry people but won't admit some factors are getting better (EG oil prices coming down, that is good news!)
I agree that house prices need to come down, that is not doom and gloom (well not to me).
I class the doom and gloom as people deliberatly wanting to make the economy suffer more than it has to.
I can afford my mortgage to double in price before I would be in trouble and have savings, so interest ratetes are of no real interest.
But the economy as a bearing on all our friends and familys. Anyone wanting a deep hard recession just so they can get a house at a rate they can afford is mad (as they will probably lose all there savings due to being out of work or being robbed)
let prices fall naturaly it will be worth it in the long run.;)0 -
Following links from links I got to a report about different countries attitudes to house prices.
The UK and the States stood out as countries where people see the rise in their house prices as wealth to spend. They are having massive fluctuations in the housing market.
Least affected are France and Italy where this doesn't/rarely happens. The line of rises in French house prices is a smooth one - no ups and downs - just a small rise that has fallen back to what it was.
The countries whose people will suffer least are those with small personal indebtedness. I have looked at a DFW thread this morning where a couple have over £1000 disposable income. If they were French this would be available for them to spend or save every month. As it is they have minimum payments of more than their disposable income.0 -
justpurchased wrote: »I class the doom and gloom as people deliberatly wanting to make the economy suffer more than it has to.
I can afford my mortgage to double in price before I would be in trouble and have savings, so interest ratetes are of no real interest.
But the economy as a bearing on all our friends and familys. Anyone wanting a deep hard recession just so they can get a house at a rate they can afford is mad (as they will probably lose all there savings due to being out of work or being robbed)
.;)
Are there posters here who REALLY want the economy as a whole to suffer? Perhaps, there ar strange peole everywhere. Does wanting change things....well, rarely. I submit that people mad enough to want complete crash and burn and look forwards to people's misery and suffering are perhaps not stable enough to fill in the forms for a mortgage application anyway.
I personally like most of the headlines posted here (I don't buy newspapers through the week, only at the weekend and sometimes the articles linked are interesting and relevent).
With prompting from people on both sides of the argument I find I am becoming more able to understand points of economics I would never have considered before and to read 'proper financial stuff' which I almost certainly would not have done before. I relish educated and thought through posts from all standpoints...and I like a bit of humour thrown in. If some one doesn't agree with a point of view I've taken I don't think they are a bully! I thin they are bullies when they start making silly personal remarks (which we do see a lot of here).
As for somethings geting better, sometimes the bad news for some is good news for others;) For example, oil prices decreasing might make my car run more easily, but the environmentalist in me is thinking this is putting off the inevitable and necessary too. I would love their to be a world where good economic news was good for everyone, but I'm having trouble imagining what that could be...0 -
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.
Bang on. When the government throws money at x, y or z it's not doing us a favour - it's taking our money and making us pay more tax (which translates to us work ing longer hours) to pay for it.
They are creating a culture of social dependency (to guarantee a voter base: Vote for us because the other lot will take your benefits away!) and screwing the working, taxpaying population to do it.
As you say, the more debt that people are in the less likely they are to rock the boat about it - they just need to keep their income stream safe. So just keep your head down and work all the hours God sends to pay your ever increasing taxes and never-ending mortgage/credit card bills.
It's absolutely disgraceful.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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