The Nice Decade Poll-Who missed out?

mr.broderick

Having just come out of the nice decade (Non inflationary constant expansion) who enjoyed the ride and who missed out?

abaxas

Have you changed your mind? Now a bear.

I've definitly enjoyed the last 10 years, looks like I'm retiring at 45 and buying a larger house I would have afforded.

Thanks to people for being too greedy.

beecher

I experienced HPI but didn't particularly enjoy it as it just meant that my second house purchase was more expensive than it should've been. This lessened the benefit of low interest rates too. I don't have debt and haven't MEWd so probably don't have the material 'stuff' to show for it either, but then I don't have the huge personal debt that many people who 'enjoyed the ride' did.

Lotus-eater

I wouldn't say I enjoyed hpi. Lived with it, managed to save up and buy a house or three, tiny mortgage. Felt sorry for the people who couldn't afford a house in the last 7 years.

Done well in business thankyou, got a nice family, ummm yeah I'm alright, sod the rest of you.

[Deleted User]

Oh.. if only i'd been born a year earlier, i could have

i) not had to pay student fees
ii) graduated early enough to enjoy a little of the dot-com boom
iii) purchased a house pre-price hiking

Dammn you people born before 1980!

steadysaver

I spent the "boom" years at uni in the pub. I certainly was unable to profit from rapid house price increase.... but with an ever growing student loan (Cheers) accumulating I sank it all into the student union bar and feel my investment was worth while.

Tuesday nights were the best, a pint, a bottle AND a shot for £1.25. Tell me you wouldnt trade that for your BTL empire

macaque_2

mr.broderick wrote: »

Having just come out of the nice decade (Non inflationary constant expansion) who enjoyed the ride and who missed out?

This is a bit like asking who drank the most at a party. The ones who had the most to drink during the 'nice decade' face the biggest hangovers (unless they sold up in 2007).

ad9898_3

Couldn't vote, no option for me, my opinion though is HPI is monopoly money. You are only likely to benefit if a relative dies who has left you all/part of a house, or you are downsizing, I haven't experienced either of these in the last 10 years.

torontoboy45

my place increased in market value by 350% (94-peak) but I never perceived the hike as 'wealth' per se.
like others, I'd been on this merry-go-round once before and found nothing remotely satisfying about it. I posted elsewhere that my mortgage was over by the time I reached 38. that was a bigger buzz for me than any phoney HPI.

too many innocent bystanders got hit by HPI during the nice decade.
now the chancers, spivs, hustlers and all those who hung on their coat tails
are about to shake hands with their nemesis. it has been 'a slow train coming' but watching the likes of bovey squealing like stuck pigs confirms to me that the wait was worthwhile.

ad9898_3

torontoboy45 wrote: »

my place increased in market value by 350% (94-peak) but I never perceived the hike as 'wealth' per se.
like others, I'd been on this merry-go-round once before and found nothing remotely satisfying about it. I posted elsewhere that my mortgage was over by the time I reached 38. that was a bigger buzz for me than any phoney HPI.

too many innocent bystanders got hit by HPI during the nice decade.
now the chancers, spivs, hustlers and all those who hung on their coat tails
are about to shake hands with their nemesis. it has been 'a slow train coming' but watching the likes of bovey squealing like stuck pigs confirms to me that the wait was worthwhile.

Post of the day.

chrisandanne

This is a toughy for me Mr B. I nearly pressed missed out due to personal probs...but that's not entirely true because I did profit....like this.......

Dad and Mum lived for 25 years after retirement and spent as if they were working....you may have come across them. Dad was the bloke in the hat driving a huge old Volvo and towing a caravan...they got all over the country.....They funded this by mewing on their house.

After Mum died he could no longer afford the repayments and was in the proverbial at the age of 85. I had no choice but to pay off his mortgage with what could have been our house deposit in 2002. So I bought his house.

When he became frail in 2005 he had to come and live with us. I then sold his house and because of hpi I made a profit. I kept all the money the house made (except for £10k which I gave to my sister) and my sister has not spoken to me since because she thinks I should have given her half the hpi.

So my answer is...
1. Yes
2. No
3. No
4. Not applicable

A x