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Debate House Prices
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1st Anniversary: HPC: Did you warn us? Where are your proudest postings?
Comments
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John_Pierpoint wrote: »the lucidity of “!!!!!!/dopester”
I'm a bit worried about !!!!!!, he/she should be winning the best posting of last autumn,
(not getting into scraps with wind up merchants).
I remember going round to see someone who was having to move. He went over to his PC and said "have you seen this"? Within a few clicks, he had printed off something from the MSE forum. I could not absolutely swear it was a !!!!!! posting but it was a set of worked figures showing that Mr Savvy who managed to buy at he bottom and die at the top, during his lifetime ended up about 1,000,000 GBP richer that old numptie, who spent his time following the heard.
I might be slightly over egging the pudding ; but the figures were impressive.
Anyway my informant has moved jobs and is happy renting something historical that he could not afford to buy from a FTL landlord. STR rules OK.
So all we need is for !!!!!! to find his nugget of wisdom.
John
PS NDG your link freezes - on my browser anyway - this must be the curse of MSE ?
PPS Pastures. Have I got to go and find one of your beautiful carefully researched postings, while you do the mouse act? Do you trust me not to edit it first?
I don't think it was me - I do remember some great posts from LittleMissAspie were she worked out the various costings of buying and renting over a number of years based on average prices, very impressive.
You couldn't read it and still justify buying, really.--
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 -
http://forums.moneysavingexpert.com/showthread.html?p=6844391#post6844391
Availability of mortgages, plus sentiment, dictates house prices. Reduce the money, stories of problems surface, sentiment switches, prices go down. It is that simple.
All the other arguments are flannel in comparison.
(I rather liked the blazing red posting below it. One of the early famous HPC emotional outbursts)
I'm just amazed at how much worse it has got in the last three months; have we seen everything nasty in the wood shed now?
BTW This was a reference to the denial of service attack and some sort of botched back-up procedure that resulted in a big chunk of the forum going missing:
There was a really interesting thread on this topic, back in the good old days a year ago, when house prices were still thought to be a one way street by the vested interests (unfortunately it may have gone to the great bits and bytes cemetery, because it has failed to arise on the third day).0 -
The best prediction of the lot, must have come from Divadee about the need for a house price forum. 7th post down.
http://forums.moneysavingexpert.com/showthread.html?t=576002Freedom is not worth having if it does not include the freedom to make mistakes.0 -
Lotus-eater wrote: »The best prediction of the lot, must have come from Divadee about the need for a house price forum. 7th post down.
http://forums.moneysavingexpert.com/showthread.html?t=576002
Hey, we were allowed to discuss house prices (in the Buying, Selling and Renting Houses) group on a designated single thread! What more could we ask ask for?--
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 -
Low inflation - Now stands at 4.1% with future hyper-inflation a possibility
I see you've just edited the original post saying there was 'no sign of a let up' to inflation. Does that mean you've actually read todays papers ?
So, in actual fact, your point about low inflation is, well, pointless ?0 -
Well, I read it all a year ago and didn't believe it! I was wrong, I hold my hands up.
Well done to all of you clever people... Maybe next time I'll listen (although I have never done until now, so it seems unlikely).
I went and bought a house (December 07), did it up and sold it (July 08) without losing too much money (3k). Thank god I'm out of it!
Now I read the thread and am relieved that it doesn't really matter to me anymore (I own my house but if prices go down it just means the next step up ladder won't cost me as much as it would have)...
So here you go, I think you're right to feel smug! I wish I'd believed you at the time!0 -
This thread makes me laugh for lots of reasons.0
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STR rules OK
What is STR?0 -
Couldn't find any of mine (and wasn't particularly looking), but found some real gems back in the mists of time.
Like this:
http://forums.moneysavingexpert.com/showthread.html?t=482579
Aw, bless.0 -
Couldn't find any of mine (and wasn't particularly looking), but found some real gems back in the mists of time.
Like this:
http://forums.moneysavingexpert.com/showthread.html?t=482579
Aw, bless.
Hold tight. Prices are already falling in many areas. Another rate rise on the cards next month - once this and the other rises really 'bed-in' we'll start seeing substantial falls as people come to the end of their fixed rate period and realise they're up s*** creek without a paddle.... or a boat!
Some irony there, rate rises, what are they?I was trying to find some of those 'wait until the two year fix comes to an end' good find :T
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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