I can't stand the doom crew anymore

Dan:_4

What is grim news for someone may not be for someone else.

Of course FTB'ers will consider all the doom as 'great' news. I would if I was looking to buy.

However, it's pretty bleak for those folk who brought in the last 3 years.

fatpig_2

justpurchased aka Mr. Negative Equity is just rather sick because he bought into the bubble at its peak like many other lemmings. It's a hard life but I'm sure that in time he'll find a coping mechanism to deal with the guilt caused by his bonkers decision .

We'll miss you buddy. :wave: :wave: :wave:

WTF?_2

Dan: wrote: »

What is grim news for someone may not be for someone else.

Of course FTB'ers will consider all the doom as 'great' news. I would if I was looking to buy.

However, it's pretty bleak for those folk who brought in the last 3 years.

As long as they can pay their mortgage, they'll be fine.

If it turns out that they 'bit off more than they could chew' then I have to ask, did they not apply a few brain cells to think things out before signing on to (probably) the biggest financial commitment of their lives?

Really, prices have been diverging noticeably from reality since about 2003. By 2005 they were at least starting to tail off naturally but then those 'low interest rates are good for everything' idiots on the MPC voted for an interest rate cut in August of that year, which just kicked off the mad bubble again. (To Merv's credit, he voted against).

I could have chosen to buy into the housing market two years back but I didn't. Why? Because I could see that the thing was grossly overvalued. If I could see the state of the market and figure out it was bound to take a tumble then I would expect any adult deemed of sound mind (enough for the bank for loan >100k to) should be able to do likewise.

It's not like we've never had a house price crash before (the last one was in the early 90s).
It's not like we've never had a recession before either - almost the same time as the last crash.

justpurchased

fatpig wrote: »

justpurchased aka Mr. Negative Equity is just rather sick because he bought into the bubble at its peak like many other lemmings. It's a hard life but I'm sure that in time he'll find a coping mechanism to deal with the guilt caused by his bonkers decision .

We'll miss you buddy. :wave: :wave: :wave:

I rest my case can't or won't read post and as deliberate attempt to wind some one up.
Why is the country going down the pan not just bad bebt but because there are some very bitter, lazy people. (who have a slight waft of jelousy)
I can only hope that they use contraception because if there parents did the world would be a better place.
I dont have to have to have a go at theis board to feel better about myself.
I just guess that your anger of HPI and your lack of ability to afford a house perhaps even if prices drop 50% causes you to act like this.
It is in the end all my fault.:rolleyes:

fatpig_2

Back again so soon. I knew you'd miss us. Welcome back. :T

WTF?_2

It must be the shortest 'dramatic flounce off' in forum history :rotfl:

dannyboycey

I said prices would crash and was absolutely ridiculed. I said by more than 30%.... I am still ridiculed by many.

I made an informed decision to sell last year..... do I give a monkeys what people like this thread starter think?

mizzbiz

Doom and Gloom?

It's quite the opposite for potential buyers.

Hope and Glory More like!

Whoop Whoop!

Treadmill

All the Chicken Littles predicting the sky falling in make me chuckle, I agree there will be large % price drops in the price of property but its hardly the end of the world is it, the cycle of life go's on.

We all need somewhere to live and i for one prefer to pay my own mortgage and not live in scabby rented accomodation paying someone elses.

mizzbiz

Doom and Gloom?

It's quite the opposite for potential buyers.

Hope and Glory More like!

Whoop Whoop!

At somebody else's expense? HPI has been at the expense of lots of