A little Hypocrisy?

Cannon_Fodder

I have never talked up the market - it affected my desires to move "up the ladder", as the gap was widening.

My first house was in negative equity when I wished to move to my second house...now that second house has sold and I've got into rental (pure luck, due to a dodgy survey) with my equity from 10 years boom...so, I think I can see both sides of the coin.

And admit to having a personal (as opposed to commercial) vested interest in what happens next.

My third house would have been an extra mortgage to achieve back in Dec/Jan, lucky the survey was iffy? Have moved on mentally from that specific property, but if I can pick up something similar or even better without extending the mortgage or, joy or joys, mortgage free then great.

Can I influence the market as you seem to suggest - wow, if only!

Despite forced rentals supposedly leading to over-supply and lower rents, I couldn't even manage to keep the rent as advertised, had to pay more to secure where we wanted to be!! Not as powerful as you suggest!

After years seeing Sarah Beeny and co, developing for £100K profit for six months work, or Locationx3 pushing people to view properties outside their budget and saying "move quickly or you'll miss out", I don't feel hypocritical to point out the facts, that things are going in the opposite direction in a way people would not have believed only 18 months ago...

This is a Money Saving site. If you jump into purchasing now, you'll spend more than if you wait 3 months, if in 3 months stats are slowing/showing a shift we'll comment accordingly - more likely it'll be 12-18 months, but you don't have to take a black and white approach, just keep your eyes peeled.

Review every 3 months, unless there is a property you've had your heart on like forever, and its occupant dropped dead last week...

Every 3 months that passes you save money, AS THINGS STAND.

adrockuk

justpurchased wrote: »

Yes one mistake and your out.

You're.

Tut tut C-

justpurchased

adrockuk wrote: »

You're.

Tut tut C-

Dam:rotfl: . By:(

snoopy78

Similarly I wonder about these people talking the market up, what happens when there children grow up and are looking to buy a house. Will they still be talking the market up and saying how grand it is that houses have gone up by 20% more than wages this year!

They'll be happy sitting in a 3 bed semi worth 3 million with both children still living with then when the children are mid 30s as they have not got a hope in hell to buy a house.

When I eventually buy I hope house prices ido not increase the as much as wages so any children I have will not need to wait until they reach 30 plus before purchasing there first home. And I certainly don't want any children still living with me into there 30s (as is the case with some of my friends and there parents).

The only people getting rich from house prices being so high are the people who own your mortgage!

mizzbiz

Jazzypap wrote: »

I’m very confused by certain poster’s motivations ..… all the poster’s who are waiting in eager anticipation for house prices to fall or crash to a level they feel they can step on to the ladder – would these same people be quite as keen to see house prices continue to fall once they’ve purchased a property? I would hazard a guess not; as I’m sure they would be very keen for the value of their purchase to rise as soon as they’ve bought it.


Puzzled!!!

I bet you are!

Depreciation is a fact of life, mate. Depreciation on something you couldn't afford in the first place is what upsets most people.

Since we who are talking the market down are waiting until prices become affordable, prices going up and down isn't an issue.

lostinrates

In the descent into jeering we are experiencing I am having great admiration for the posters who are not jeered at as a matter of course by those on 'the other side' of their point of view. There are a number of articulate people who put forward interesting arguments and points of view and many who have good humour. There are even some who occasionally admit they might have been wrong about something or not know everything! Forexample, Moggylover was a pleasure to disagree with recently and I think we both grow to have some sympathy for each other's position and opinion. Ther are reasoned posters with different views from my own who have given very persuasive and educational answers and links, or compelling arguements.

The problem with pointing out where this doesn't happen, of course, is one rather turns into a jeering finger pointer oneself.

ETA: as this puerility is occuring all over the show I chose to vent on the thread currently open.

carolt

justpurchased wrote: »

Dam:rotfl: . By:(

Love it. Cheers! Great joke, justpurchased.


Sorry, lostinrates for a return to puerility, but it was too good to pass up.

justpurchased

carolt wrote: »

Love it. Cheers!

What are you quoting me for.:rotfl:

Dan:_4

justpurchased wrote: »

:rotfl: Please make all spelling and punctuation perfect. Or CarolT will mark you down.

Yes one mistake and your out.
(Who wants to talk about the post when there is grammar and spelling to point out?)

It is Mind Spelling & English after all.

Oh hang on, that is not what MSE stands for is it.:rotfl:

Well, Carol is a teacher!

Gorgeous_George

There is a lot of hypocrisy.

No-one knows what a house is truely worth but many say they are too expensive.

There are cheaper houses but not in the village where I grew up. That's because people like your parents and grandparents had more children than the village could house or sold out to the highest bidder - an outsider. Blame them.

Houses are too expensive. That's because people are/were willing to pay too much.

There are certain risks when borrowing for a mortgage. For most it is the biggest financial commitment that they willl ever make. Yet they do so without considering the risks. I bought a house with my gf and now we've split up - what can I do?.You need an exit plan for when things go wrong.

Some HPCers, eagerly saving up for their first homes, revel in other people's misery. Of course they do. It's not (usually) that they want people to suffer but people suffering is a by-product of house prices crashing. That is what they want. It is not their fault that prices are falling just as it was not your fault that prices rose.

And if one more person says that they are leaving and then comes back, I'm leaving.





But I'll come back.

GG