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Debate House Prices
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The MSE House Price Forum Bull Trap?
Comments
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Sorry, maybe I'm mis-reading it.
What is the difference between not wanting to buy into HPI, and wanting to buy a house whose value "is likely to increase in the future" then?
If you want to buy at the bottom of the market (very sensible) and then see the value of your house/home increase, then surely you'll want that increase to be as fast and big as possible, which I thought was the definition of HPI.
You will have his head spinning.'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 -
Sorry, maybe I'm mis-reading it.
What is the difference between not wanting to buy into HPI, and wanting to buy a house whose value "is likely to increase in the future" then?
If you want to buy at the bottom of the market (very sensible) and then see the value of your house/home increase, then surely you'll want that increase to be as fast and big as possible, which I thought was the definition of HPI.
Houses generally go up in line with general inflation as a given.
HPI was all about houses rocketing to the moon out of all proportion to a sense of fair value.
The HPC which we are now experiencing is the natural reaction to that period of madness.
I'll be looking to buy after things have bottomed out and prices show some sign of keeping pace with inflation so I don't face a loss if personal circumstances change.
HPI is illusory. I'll probably want to climb the ladder at some stage (unless house prices were to drop astoundingly low before they bottomed out) so HPI wouldn't benefit me at all, making steps on the ladder further apart. An important fact that many of the people who thought that stupidly expensive houses were great seem to have missed out on.--
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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No, I've said I'll consider BTL a few years down the line when the likely yield is more sensible.
I'm not overly keen to face the hassle and responsibilities of renting a house out so the yield will have to be something considerably better than a decent common or garden investment product, something not generally the case in recent years.
It's not my fault if tens, maybe hundreds of thousands of greedy innumerate fools have bought into it without working it through first and now face financial ruin. It's certainly not my responsibility to bail them out by funding the governments panic measures (through taxes and loss of interest on my savings).
!!!!!!? You come across as are horrible, greedy, vulture circling over other people's misfortunes. Maybe it isn't your fault that people are going to lose their jobs and their businesses and finally lose their homes but your don't have to salivate continuously like some sort of Scrooge - get a grip.You do have control over that. There's more to life than money mate.:rolleyes:0 -
...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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Sorry, maybe I'm mis-reading it.
What is the difference between not wanting to buy into HPI, and wanting to buy a house whose value "is likely to increase in the future" then?
Answering for myself, not !!!!!!, when I buy I don't want prices to rocket. Ideally, they'd increase only in line with general inflation....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Errr...... hello newbie......errr....no he doesn't.....and you are newbie...so how can you post opinion based on 1 post??wintersunshine wrote: »!!!!!!? You come across as are horrible, greedy, vulture circling over other people's misfortunes. Maybe it isn't your fault that people are going to lose their jobs and their businesses and finally lose their homes but your don't have to salivate continuously like some sort of Scrooge - get a grip.You do have control over that. There's more to life than money mate.:rolleyes:
Could be somethink on the telly now?0 -
neverdespairgirl wrote: »<throws pants at !!!!!! to keep the board happy>
:rotfl::rotfl::rotfl:'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 -
Errr...... hello newbie......errr....no he doesn't.....and you are newbie...so how can you post opinion based on 1 post??
Could be somethink on the telly now?
How can you defend this poster with comments like this?
"It's not my fault if tens, maybe hundreds of thousands of greedy innumerate fools have bought into it without working it through first and now face financial ruin. It's certainly not my responsibility to bail them out by funding the governments panic measures (through taxes and loss of interest on my savings)" !!!!!!?
People have worked really hard to build up businesses,careers, homes and pensions that are now under immense stress and this clown calls them "greedy, innumerate fools."
I agree with him - at least to some degree - there is at least one innumerate fool out there, the one that is employing this comedian to spend all day in a chatroom spouting his scheunfreuden bile instead of insisting he gets on with some WORK. For someone who is obviously a lazy slacker to be critising everyone else is totally reprehensible. I truly hope he gets what he deserves and I wish that it was "not my responsiblilty to pay for his benefits when he's out of work" to paraphrase the buffoon.
He's a lazy, greedy, vulture - no better than those he criticises (the property developers, the bankers, the estate agents) he, and all those like him, are just the other side of the same coin.0
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