High Court blow for UK homeowners

neverdespairgirl

Dithering_Dad wrote: »

You don't need to justify yourself, NDG.

You are, of course, completely right.

I think PP has a problem with my parents being comfortably off. She alludes to it a lot. I don't know why, it doesn't make me personally either better off or a better person. It's more her issue than mine, I think.

Dithering_Dad

!!!!!!? wrote: »

Warning people not to buy does not equal slagging them off.

I dare say that the 'Housing Bulls' also think that they're justified. However, both extremes are so blinded by dogma that they can't see each other viewpoint.

The reality is somewhere in the middle where I dwell. My view is that if you're happy to rent and believe you will be better off financially by doing so, then good luck to you. If however, you are unhappy renting and have found a house that is within your price range and you believe you (and your family) will be happier buying, then good luck to you.

I don't understand why the bears and bulls are so bothered whether someone buys a house or rents a house. Whose business is it anyway and how does affect you one way or the other?

Dithering_Dad

neverdespairgirl wrote: »

You are, of course, completely right.

I think PP has a problem with my parents being comfortably off. She alludes to it a lot. I don't know why, it doesn't make me personally either better off or a better person. It's more her issue than mine, I think.

There seems to be a lot of people on the housing forum who are undully concerned with other people's business. As I said just now, I really don't see how other people's financial decisions impact them enough for them to make an adverse comment.

neverdespairgirl

Dithering_Dad wrote: »

As I said just now, I really don't see how other people's financial decisions impact them enough for them to make an adverse comment.

I agree with you.

On the housing board, however, when (and it happens quite often) someone posts something along the lines of, "thinking of buying a £400k newbuild trendy urban flat, and I've got 5% off! What do you think?" I do tend to say I think it's a bad idea, and why I think so.

Dithering_Dad

neverdespairgirl wrote: »

I agree with you.

On the housing board, however, when (and it happens quite often) someone posts something along the lines of, "thinking of buying a £400k newbuild trendy urban flat, and I've got 5% off! What do you think?" I do tend to say I think it's a bad idea, and why I think so.

I agree with you on this point. I've already posted as much elsewhere, so to save retyping:

Dithering_Dad wrote: »

To be serious of a second, it is pretty appalling when someone who has been waiting for a long time to afford to buy a house creates a thread to announce happily that finally they are buying, is set upon by the HPC crowd as though they're 'traitors'.

Yes, house prices may fall further, but no, it doesn't follow that someone buying in a market that has already seen 17% average falls and negotiates a further 17% (or whatever) reduction is going to see Negative Equity.

I think the time has come for the more bearish amongst us to simply respect the fact that not everyone views houses as investments, not everyone is content to sit in rented accomodation for years to come and not everyone cares if they don't hit the absolute bottom of the market.

If someone asks "Should I buy now", then they're asking for opinion and so please do air your views, whatever they may be. If some says "Yay, I've put in an offer", then please respect that persons decision and don't try to make them feel bad by mocking them or being sarcastic.

*DD steps down from soapbox*

p.s. sorry to interrupt the !!!!!!/Carolt ruler fun

I've enboldened the part where I agree about people who come here to ask for advice.

chucky

!!!!!!? wrote: »

I suspect that this sort of weak-minded 'thinking' has landed a load of them up to their necks in debt.

i now know why you proclaimed yourself King of the Forum!! it was because you have access to everyones bank account and can see all the business they are conducting to know what levels of debt that they have.

absolute genius from the man who knows everything about everyone but works for a local authority in Stockport and still lives with his parents. quality!!! :rotfl::rotfl::rotfl:

the man is a hero!!

meester

neverdespairgirl wrote: »

I don't think we've ever said we "couldn't afford to buy". It's not the case.

My parents' financial position is irrelevant, however, as OH and I are adults, and rely on our own resources. We've been living together 11 years.

We are both self-employed, as barristers, so salaries don't come into it. We are, however, both earning a decent living, thanks for your concern!

On a 3.5 times joint income mortgage, plus our deposit (which is very large, mostly because OH inherited from his parents who died tragically young) we could quite happily buy a decent house / flat if we chose to do so. We are not so choosing.

I really would recommend ignoring pickledpink. I have just gone back to the last post I made on this board, and found he has added two pages worth of abuse of another poster, and then just for good measure started a thread based on a two-year-old newspaper report to belittle that same poster.

I have reported both to abuse for deletion.

After that, I've gone to look at his past posts, and the first one is this one belittling you, the second one is also taking the pee out of you, the third one is something about S+M, the fourth one is mocking you, and the next umpeen posts are generally mocking someone or other.

WTF?_2

StevieJ wrote: »

What do you think of !!!!!! planning to go BTL with his cash stash?

Actually, I plan to buy a house with my savings and take a look at BTL further down the line.

Do try reading my posts before making a fool of yourself, or do you just like making things up?

StevieJ

!!!!!!? wrote: »

Actually, I plan to buy a house with my savings and take a look at BTL further down the line.

Do try reading my posts before making a fool of yourself, or do you just like making things up?

Ahh, so you are going to lever up to the eyeballs, sorry about that.

dopester

StevieJ wrote: »

What do you think of !!!!!! planning to go BTL with his cash stash?

I think it is a bad idea in principle tbh, and a waste of capital.

The system, the banks and the government will learn from the mistakes of such easy lending at increasing multiples to fuel HPI. Can't see the capital-growth joke being repeated for decades. There will be more productive returns to be had in many other real investment markets, such as one I've made in a small technology company for niche products, which I see as productive and generating wealth. Even if it fails and I lose my investment, I still stand by this approach.