Some of you are vultures

neas

All that wealth... it isnt being lost..... its being returned from those it was stolen from.All the rising prices ahhh... being returned back to the innocent.

JonnyBravo

before_hollywood wrote: »

tbh i come in and out of here and really dont know what to make of the current situation, the way things are going i'll be approaching 30 when i move out of the parental abode, having lived on less money than when i was in a minimum wage job to avoid paying more in mortagage than rent if some lender was stupid enough to lend me money i couldnt afford anyway.

Big wow.
I didn't move out til I was 28 back in '98 when house prices were more reasonable. The reason? I was saving a good deposit. Get over it.

before_hollywood wrote: »

i was nearly one of those poor idiots 3 years ago, i found a cheap house in the town next to where i work, it was only the fact that the vendors were idiots that stopped me buying it (long story) as a consequence i stopped thinking of moving and started saving, some idiot paid what i was going to offer for the house and they are trying to sell it at an inflated price- ha, good luck, i know what they paid and its a rip off at that.

Still, at least it comes across loud and clear that you're not bitter at them for getting "your" house :rolleyes:

before_hollywood wrote: »

i work hard, why cant i have my own house? i dont drink massively or smoke or gamble or anything else that wastes money, especially if prices go to where it is cheaper to buy than rent, the way it should be.

No reason why you shouldn't. Seems as if you're bitter that you're going to have to save first? Oh my! The injustice!
Why should it be cheaper to buy than rent? A God-given righ that those who can't afford to buy should pay more? Market forces at the time should decide the cost surely?

before_hollywood wrote: »

i have no sympathy for middle class btl investors that have used their superior financial situations to make terraced houses and starter homes unaffordable just so they can pay for fancy schools and fancy 4x4s, they can rot in hell for all i care

I don't need your sympathy thanks, I'm fine. (Perhaps as I don't pay for a fancy school or a fancy 4X4 though?)
As for those who have not been astute enough to measure just how strong their "superior financial position" really was, well they will now help fuel the price decline which you seem to view as a birth right.
I think you'll find that people have used "superior financial positions" to their advantage since many ages gone. I think you need to accept it. It's not going to stop because of a recession/HPC/the next HPI/the next boom/because you're upset

:rolleyes:

neas

Johnny, i think you'll find in the end the market corrects for these rises. Its never liner. Supply and demand etc.Last 10 years demand was great and supply was low...Now:Supply is increasing because people are being repossessed, moving back in with parents, emmigrating (my wife is polish and alot of her friends have already moved off to sweden, germany and back to poland)Demand has decreased dramatically... at first because of mortgage lenders just not giving people mortgages for risky assets like house at the moment. And then now... the reason for this thread... is that people are awaking to the fact its happening.. and are getting worried, scared and angry. Nothing we really do on this thread caused this or can change it... its the nature of the beast. BUT trashing someone for saying 'its their right' to get a house.... I believe it should be a right to have the chance to own a property.... a roof over your head etc. Not just one person but a couple should be able to afford to start a family home... and not rely on council tax or benefits etc.

neas

Houses should not be seen as money... but homes. From everyone.

chucky

neas wrote: »

Johnny, i think you'll find in the end the market corrects for these rises. Its never liner. Supply and demand etc.Last 10 years demand was great and supply was low...Now:Supply is increasing because people are being repossessed, moving back in with parents, emmigrating (my wife is polish and alot of her friends have already moved off to sweden, germany and back to poland)Demand has decreased dramatically... at first because of mortgage lenders just not giving people mortgages for risky assets like house at the moment. And then now... the reason for this thread... is that people are awaking to the fact its happening.. and are getting worried, scared and angry. Nothing we really do on this thread caused this or can change it... its the nature of the beast. BUT trashing someone for saying 'its their right' to get a house.... I believe it should be a right to have the chance to own a property.... a roof over your head etc. Not just one person but a couple should be able to afford to start a family home... and not rely on council tax or benefits etc.

what kind of a silly statement is "I believe it should be a right to have the chance to own a property.... "

how about everyone should have right to choose a two/three/four/five bedroom house!? that should be a "right" too. garden optional or do you want a drive way with parking too?
you can have an en-suite too if you think that it's your "right"

this is the real world that you live in - get over it if you can afford to buy go and buy if you can't don't buy and just rent and buy at another time.

ad9898_3

neas wrote: »

Houses should not be seen as money... but homes. From everyone.

Try telling that to a BTL'r:D.

Edit, on a side note, this has been one of the best threads in a while, everyone has been in it I think, some good debates/fights.

skap7309

tesuhoha wrote: »

My husband supplied and fitted a good quality Glowworm Combi boiler recently for £800. He made about £100 for the day but it was a very long day from 8am until he returned home at 11pm. Supply teachers earn about that much and most of them sit on their backsides in a classroom starting at 9 and finishing at 3.30pm. I know that because I work in a school. He works bloody hard mostly for dustmen's wages. We are certainly not loaded and never have been.

Tosh.

My dad had a Gloworm system fitted in just over a day and it cost over £2000. Now he was not ripped off because it was one of the best quotes around. £800? Do not believe it i am afraid. So in theory you are saying the boiler is worth £700 so the fitter earned nearly £1300 for just over a days work. Sounds about right. Maybe your husband is hiding how much he earns to stop you spending it! :rotfl:
Also, supply teachers sitting on their backsides? I am glad if i had kids they were not being looked after you. :rolleyes: So no pressure of looking after and caring for 30 odd children then?

JonnyBravo

neas wrote: »

Johnny, i think you'll find in the end the market corrects for these rises. Its never liner.Supply and demand etc.

:rotfl:
I think I understand what you're trying to say and I totally agree.

neas wrote: »

Nothing we really do on this thread caused this or can change it... its the nature of the beast.

Couldn't agree more.

neas wrote: »

BUT trashing someone for saying 'its their right' to get a house.... I believe it should be a right to have the chance to own a property.... a roof over your head etc. Not just one person but a couple should be able to afford to start a family home... and not rely on council tax or benefits etc.

But here's the rub. big hollywood seems to be upset that he's having to stay at his parents and save for his deposit. That's the way it should be. He seems to want the bit he likes from both worlds. The bit where he didn't need a deposit and anyone could get a mortgage and the low house price bit.
We've seen that before. When? Oh, for most of the last decade. The result? The situation he doesn't like now.


Incidentally I don't believe it's a right for anyone to own their own house. A chance to own a home yes. But it should have a tied responsibility on them to contribute to society in some way, usually in the form of trying to work but of course there are exceptions. It's easy to generalise but when you go to an individual level it is of course very difficult to make all encompassing suggestions of how the rules should work.

Cleaver

ad9898 wrote: »

Try telling that to a BTL'r:D.

Property has had a £ sign on it for years and years and years to many, many people. Not just BTL.

neas

chucky wrote: »

what kind of a silly statement is "I believe it should be a right to have the chance to own a property.... "

how about everyone should have right to choose a two/three/four/five bedroom house!? that should be a "right" too. garden optional or do you want a drive way with parking too?
you can have an en-suite too if you think that it's your "right"

this is the real world that you live in - get over it if you can afford to buy go and buy if you can't don't buy and just rent and buy at another time.

I'm very glad the rebuilders after world war 2 didnt think like this... Otherwise none of us would have a house...More houses should be built to house people in 2 bedroom houses.... People who are willing to work hard should be able to afford a house without being crippled financially. Buying a house at the peak was like betting on red or black at roulette.A good chance you will lose the house.... negative equity.... lose your job.. recession.... not good things to happen.If houses were more realitically priced and legislation existed to curb BTLers... then perhaps people would all be paying for their houses themselves.... probably we wouldnt have had the credit crunch.. as people wouldn't have needed to default on loans.HPI has pushed prices to unaffordable levels.... which wasnt helped by BTLers outbidding first time buyers... The situation we are in isnt a nice one... but its the only way to balance things a little bit back in favour for the kids who couldnt buy at 1999 prices.... little jimmy who has to take a 7x mortgage to buy your 2 bed terraced house that you payed 3x less for...All HPI has done has made people default... and triggered the credit crunch... and potentially the recession we are seeing now.