Some of you are vultures

Gwhiz

Rebchappers wrote: »

We waited and waited and watched. Now the time has come where the houses are more affordable and we can COMFORTABLY afford a mortgage.

You cant always have your cake and eat it.

Good for you! Sensible and patient - unlike so many!!! :T

ad9898_3

The most accurate definition of mew, can be found in the Oxford English Dictionary, it reads as follows.

Mew- The basis on one who buys a BMW X5 over 25 years. Said person is said to be a mewer or can be shortened to kn0b.

neas

its like a revelotion... the downtrodden get their turn lol.Now the guys at the top of the pyramid scheme arent too happy as it comes wobbling down..

Rebchappers

Dithering_Dad wrote: »

Who, me?

How very dare you! I can assure you that none of the above applies to me!

No, not you!! i just used the word ''you'' to get my point across!! it isnt aimed at anyone in particular....

shell1000

This kind of post is always going to be a mixed bag, it depends on individual circumstances and I would certainly never judge what is right or wrong.

I have been very fortunate in that the only debt I have is my mortgage on a property I bought in 2006. But when i tell people im 30, I have my own home but that I have a mortgage for 137k they start tutting at me... why?! Yes I have a mortgage for 4x my salary, but I still had 20% equity in my house when i remortgaged late september and spend my money carefully.

Yes, I have life insurance, mortgage protection and savings, but my savings wouldn't last long if i had to use them to pay my mortgage even at interest only its 690...

But I do love it when people say cars etc are luxuries, I need my car to do my job, so go figure! Lose my car, lose my job! So unfortunately I have to just get on with it.

I rent my spare room out and have lost a lot of my freedom for the privelege but you know what I'm one of the lucky people.

Just remember no one has a crystal ball that this was going to happen and christmas is a hard time most years, but especially this year. I also try to remember that time is a great healer, that people that have fallen on hard time will bounce back stronger, i've got faith.

Whoever you are and whatever you have or don't have, merry christmas

custardy

we bought in a crappy area to get a manageable mortgage
if this 'crash' means we can move up realistically then i'll take the vulture
as long as someone round here doesnt nick it......................

phil1873football

None of which Rebchappers states applies to me either, I can easily afford my mortgage, in fact want to borrow more to purchase a house rather than a flat and can easily afford this also. I also have income protection to cover me incase I am made redundant or long term sick.

The point I am tryin to put forward is that I guess i just purchased at the wrong time (unfortunately) and now I am stuck in a place where I would rather not be. And the further these prices drop (which is accelerated by the lack of purchases due to the 'vultures' circling, waiting to try and screw down prices of property to make them happier), then the longer I will have to put up with the hell hole of the residents I must put up with. I do not blame these people as I am sure anyone would probably do the same, but I dont think its appropriate for these people to laugh and gloat at other peoples misfortunes. Some of us people didnt do the wrong thing when purchasing, they just chose the wrong time to do it. We wanted our own place and at the time of purchase, that was the going rate, we didnt realistically dictate the prices!! if 2 parties both want the same property, then thats what causes prices to rise and therefore rises prices in that area for the future.

As for renting as was mentioned, I could have rented, but when you are told for years and years that the housing market bubble will 'burst' and for years and years this never comes to fruition and the prices keep on rising and rising. Then you have a decision to make, buy now when you can afford to, or hold off and when you decide to buy, the prices may have risen considerably and can no longer afford a mortgage. If you rent, you pay just as much in rent as you do in a mortgage (generally speaking), therefore, how are you ever going to be able to save for a deposit if you are paying rent!!!, so I made the choice because I could afford to at the time and was scared that if I didnt make that move, then prices would increase more than my income allowed and never be able to afford a place that I could call home.

neverdespairgirl

wintersunshine wrote: »

How you view them, is how we view you. There is no difference.

Is that the Royal "We"?

John_Pierpoint

sarkin wrote: »

And this is what renters have to put up with

http://forums.moneysavingexpert.com/showthread.html?t=1357019

the guy is late with the rent and 1 month in arrears

Homeowners get protected because its not fair they are stupid and miss 3 or 4 months and then the nice man at the courts says they can stay if they pay off the debt.

vultures ha

"My word is my bond" - let us get back to some old fashioned values. Encouraging people into a "credit card" way of looking at their mortgage or rent payments does nobody any favours, "firm but fair" is what is required.

neas

and that custardy is why most people benefit from lower priced houses... cause they can jump houses without being financially tarded