Shame on you!!!!!!

PasturesNew

He picked the wrong houses, my one went up 16.5% every year for 7 years.
£24,500 per year on average.

dervish

Dithering_Dad wrote: »

It must be a slow 'bad news day' if one of the HPC gang need to create a new logon and post this tripe in here.

more likely to be one of your gang...

frank.hopper

DownintheDumps wrote: »

You all think you know so much because you watch a bit of Beanie on the telly, well most of what developers make has only ever been HPI, you don't add much value any other way.

If you buy a £200,000 house that's cheap because of fire damage or been trashed its £10,000 in fees straight up, then you add an extension, fix the roof, even minimum with fixtures and fittings and new kitchen and bathroom, £35,000 probably more, then mortgage payments, might borrow a bit extra to start with to cover them, a contingency in case you missed anything which could wipe out all your profit. Then ther's fees again at the end another £10,000. Meanwhile that £200,000 house has gone up 5% a year with HPI (but your next one will be 10% more too), a bit of value has been added with all your hard work but you have to sell quick to get your money back so your looking for an offer so you are not goint to amke more than a few grand, and with the hours you put in labouring it works out minimum wage. Without HPI it's pointless and too much of a gamble, anyone can see that. The ones you see on the telly gambled millions to make thousands and they were only the sucessful ones. For most it's always just been bread and butter money, the equiverlent of working in a pub or on a building site but people lie and don't include all the fees and extras so now you know.

I sincerely hope your not a troll , but I don't believe you are, maybe your a bit of a DIY nutta like myself! who likes to make some dosh as well, people have being doing that for years, err, the clever people that is. Albeit your level of borrowing was foolish.


I started renovating property in 1999 buying mostly dumps (in good areas) I sold my house after I was made reduntant and moved to a much smaller one, used the surplus for deposits to get in to the BTL market. Back then my wife and I would work seven days a week, and most days until nine in the evening ! my daughter said to the pair of us that we were mental , but hard work always pays off, and it has, my wife (58) fell off a ladder stripping wallpaper and broke her leg in three places, (she still has a limp) so nothing for nothing in this life. Some people on 'this site' should be thoroughly ashamed of themselves with their hissing spite, tomorrow we've got two viewings (Sunday) for a house, I wonder how many of the HPC brigade will be sitting goggling this site. Wasting their lives.


Down in the dumps, GB will do everything in his power to kick start the property market, without property, the UK is DOOMED.................Good Luck!

Running Horse

I'm not a big fan of this forum so don't read or post here much. Certainly don't give this lot the blame/credit for influencing house prices. They're not that important. The time you spend posting here (and the 20 hours a week renovating houses) would be better spent with your family. Good luck to you.

CONCUR!

hethmar

frank.hopper wrote: »

my daughter said to the pair of us that we were mental , but hard work always pays off, and it has, my wife (58) fell off a ladder stripping wallpaper and broke her leg in three places, (she still has a limp)

I think may be you should have worded that a bit better - poor old wife.

DownintheDumps

frank.hopper wrote: »

Down in the dumps, GB will do everything in his power to kick start the property market, without property, the UK is DOOMED.................Good Luck!

Thanks for the above Frank, getting fed up with justifying myself. They all think that the difference between what you bought and sold for is profit and don't count the money you spend or the money you have to keep back for the next one or the hard graft inbewteen. The bit you can take out is whatever is left over when you've bought the next one, you have to keep equity in hand for the deposit, the work and the fees and it is only a few thousand and anyone whose done it knows that.
To all you knockers I do it so I can work at home. With a 5year old with problems the wife needs a break and going off to another job as soon as I get in leaves her dealing with it on her own isn't an option, even if we swap and she sands doors for a few hours she's getting a sort of break from it. Best thing is you can fit it into what spare time you have and you work for yourself and the kids like to help there Dad and get involved so its family time aswell. I don't sepnd much time on here only half an hour every few days, always used to enjoy reading the threads until I posted and you started dissing me. At least I take pride in creating something useful from some old dump and providing a bit extra for the family and I'm beginning to think we might be ok with interest rates coming down so to those attacking me take a look at yourselves because what you say is more about you than about me.

Gorgeous_George

frank.hopper wrote: »

... my wife (58) ... broke her leg in three places

I hope the doctor told her not to go to those places ever again.

GG

firesidemaid

i have just (sort-of) read through this thread and i do sympathise with the OP and understand why he does what he does for his family, but over the last year lots of people have been through and will continue to go through similar things with property, jobs, mortgages, pensions, savings and investments.

when things like this happen we have to deal with it however awful it is as there is no other choice - but, the one thing we can do is learn from it and make sure (as much as possible) that we can try and avoid being in these positions again - as it is not nice at all.

when you first posted it was the day before the big interest rate cut - is it not amazing what a difference a day can make x

shirlgirl2004

firesidemaid wrote: »

i have just (sort-of) read through this thread and i do sympathise with the OP and understand why he does what he does for his family

Can you explain it to me then? No seriously I'm at a loss as to why he would take such large risks, make his family live in a building site and never see them because he's always working, just so they can have a holiday? Why would he not pick up a days minimum wage work on a Saturday and put that towards a holiday? No risk, no mess and getting to enjoy your children in the evening before bed.

hethmar

No, I really cant see the point of working your butt off for very little plus all the worry etc. I hope the interest rate drop helps you out now - but think twice about doing this sort of thing in the future.

geoffky

DownintheDumps wrote: »

I've been reading the site for some time and whilst you are all jumping up and down with glee about house prices crashing you forget that ordinary people are getting hammered.

I'm half way through a rennovation, I'm stuck with a 6 times mortgage coming to an end of the fixed rate next summer, can't finish the project, can't sell it, can't afford to stay put. Wife and two kids looking forward to a Christmas of misery and you lot are laughing. I would have provided someone with a lovely home through the sweat off my back and now I'm looking at bankrupcy probably.:mad: :mad: Shame on you all.:mad: :mad:

you gambled you lost...get over it...plus you planned to get as much money out of a person as you could by gambling with house prices...i dropped out of the market last year because it was toast why in your wisdom did you think you could beat it....bankruptcy only lasts 1 year now days.... 6x mortgage is for fools