The 70% club

dopester

wintersunshine wrote: »

and how are you MSE bears any different? You can't wait to dive in in to get a taste of HPI yourself.

Couldn't be more wrong for me. If I buy my house for £100,000... and in ten years time it remains worth £100,000.... approximately in line with the rest of the property market - I will be very happy.

HPI just takes away money that can be used for useful economic investment and activity.

dopester

StevieJ wrote: »

Bizzarely it is the young FTB's who have been inflating the market, the oldies have just been living in their houses and going to work or not.

It is a mix. However you obviously didn't watch the documentary I linked up last night about Jim Moore and all the clients devastated by their property empire losses.

Yes they overpaid but still speculative HPI entranced chancers expecting the young to pay their pensions and continual HPI to become gloriously rich.

http://www.bbc.co.uk/insideout/content/articles/2008/11/12/south_s14_w9_property_feature.shtml

Tamsin Barks (-£500,000)

And her ability to speak so quickly without pauses.

Well they encouraged me to take money out of my house that is what they were encouraging people to do they said take money out of your house, they said the money in your house is dead. Well I wished I'd kept the money in my house because at least I'd have a house now.

wintersunshine

dopester wrote: »

Couldn't be more wrong for me. If I buy my house for £100,000... and in ten years time it remains worth £100,000.... approximately in line with the rest of the property market - I will be very happy.

HPI just takes away money that can be used for useful economic investment and activity.

If you buy a house you are creating demand and you are part of the HPI problem. So if you really want to take the moral high ground you shouldn't be buying a house at all....

Dithering_Dad

I want to start a 110% club - I want to be paid to take on one of those dratted houses!

dopester

wintersunshine wrote: »

and then they go back up again.....So, as long as you keep your job you have nothing to worry about. Which is no different than if you rent, is it? The truth is that if you lose your job you'll find yourself on the pavement, whether you have a mortgage or rent.

Sadly that is partially true. You can't knock some younger people with little historic knowledge for feeling they had no option but to buy in the last few years, as prices got further and further in to absolute insanity.

Rising house prices may be all they know, and hit with elders encouraging them to buy as they can't see the logic or renting and also the more people you drag in... the more the bubble is sustained and growing to make them happy.

All I know is I made some sacrifices and rented for a good number of years, and didn't join the mad consumer frenzy of debt and buying things we didn't really need, except for occasional treats, within our means, and scouring ebay for bargains (such as new brake discs and brakes pads I refused to pay the car dealer £270 for and got for £90 delivered on ebay last week.)

Prefer to save and encourage people in learning to master compound interest. Even mitchaa was implying wages can't be cut because of his expenses, like how he and other families have two cars to run. It might surprise you but in other countries, if you can't afford, you don't get, or you don't keep if you run out of the ability to pay.

dopester

wintersunshine wrote: »

If you buy a house you are creating demand and you are part of the HPI problem. So if you really want to take the moral high ground you shouldn't be buying a house at all....

I don't know how to answer your logic here.

Really2

dopester wrote: »

All I know is I made some sacrifices and rented for a good number of years, and didn't join the mad consumer frenzy of debt and buying things we didn't really need, except for occasional treats, within our means, and scouring ebay for bargains (such as new brake discs and brakes pads I refused to pay the car dealer £270 for and got for £90 delivered on ebay last week.)

I doubt fixing my own brakes would save me money. The damadge I would do to the car followed by a month in hospital would put me out of pocket.;)
Fair play though If I could do it I would join you on that. Ebay is great for saving money on things most peopl shaft you for have you seen how much diamondbrite etc is on ebay and how much a garage charges you for them to do it.:eek:

Conrad

dopester wrote: »

Couldn't be more wrong for me. If I buy my house for £100,000... and in ten years time it remains worth £100,000.... approximately in line with the rest of the property market - I will be very happy.

HPI just takes away money that can be used for useful economic investment and activity.

C'mon dpester you will wring every last penny out when it comes to your selling - remember these words:D

Its like Guardian readers who wallow in the talk of wealth redisribution, yet are the very hardest to get a penny from in business - ask any trader, as soon as you smell the camomile and feel the waft of Kaftan you know you wont be earning much that day. They are addicted to WHICH magazine - the essential tool for those that expect everyone apart from themselves to work for bottom dollar :rotfl: .

dopester

Really2 wrote: »

I doubt fixing my own brakes would save me money. The damadge I would do to the car followed by a month in hospital would put me out of pocket.;)
Fair play though If I could do it I would join you on that. Ebay is great for saving money on things most peopl shaft you for have you seen how much diamondbrite etc is on ebay and how much a garage charges you for them to do it.:eek:

Hehe I did my own following a guide on car forums. Not using the "widowmaker" jack in the boot, but proper 3 ton (autoexpress recommended jack) and axel stands.

The parts I sourced from ebay were to do my Mum's car but I can't work the bolts free so a guy on the car forums has agreed to do the job for £30 at his house for us, inclusive of a brake bleed.

Be careful if you apply the diamondbrite stuff yourself. There are two bottles I think which together create some sort of chemical reaction. I hear it can be really bad for your lungs if you breathe the stuff in - but that might be just a tale.

wintersunshine

dopester wrote: »

I don't know how to answer your logic here.

You can't criticise home owners for HPI unless you're are prepared not to own one yourself. Just wanting a home makes you part of the problem -" If you walk across the farm yard you get !!!!!! on your shoes".
Just wanting to own a house makes you part of the problem - same as the home owner. You are, therefore, not in a position to criticise anyone else and you and your buddies should get down of your high horses and have a look for "the planks in your own eyes"