Some of you are vultures

StevieJ

caveman38 wrote: »

Hands up those who beleive a Corgi certified gas fitter earned £100 for 15 hours work.

Probably in the pub Excuse for Er Indoors.

neas

and for some reason my iternet settings stop me paragraphing things!!

skap7309

PS - Most interesting thread in ages. Dont you just love all this controversy?

paulsin

People are happy becuase house prices are now getting to a more affordable state. Me and my partner are both Young Professional Trainee Accountants, and stood no chance of getting on the housing ladder because of their prices. They HAD to crase. Its a shame for those who lose their homes they have lived in for years, but I expect those number to be very small. If you actually look at most of the repossessions, they were recently purchased, by people having eyes to big for their bellies. The whole society bought what they couldnt afford. As long as the economy grew, they would get away with it. If it shriks, all the people who didn;t have the money to start with will be put back where they belong. I cant feel sorry for someone who has had a 100-125% house repossessed because all they have actually lost, is a few months mortgage payments, but they may have been renting anyway. Its a shame that because of the greedy that is ever present in todays society, we got into a state that has knackered our economy and will no doubt cause innocent people to suffer.

mustrum_ridcully

matbe wrote: »

I have no "ire" i dont worry one way or the other what house prices do i bought in 1992 and have moved once increasing my mortgage by £500 so unless the wheels really come off the wagon it wont make a jot of difference how far prices fall The usual suspects i refer to are the greedy people who are waiting to buy a house at the loss of another forced to sell at a loss.
Dont deny they arent on here every other post is with glee at the falls houses down 50% or 30% or 80% depending on whatever drivel you read or website you search.

None of these losers have bought a house they are all renters from somebody who has bought a house.

Whats the saying non players off the green ?

My bolding.

Now you show your true colours, calling renters losers. That is an attitude typical of those who helped stoke this unsustainable boom. As vulture-like as it might sound these "losers" could well be tomorrows "winners".

Oh do you complain about petrol prices going down? That effects the bloke who runs the small petrol station trying to compete with tesco and sainsbury's. Do you complain when food prices fall? That effects the farmer who can often struggle to make ends meet.

Human beings, we are often total and utter hypocrites...

TDS_2

phil1873football wrote: »

Actually, he valued my property at the current price for this current climate, and yet it still wont sell

Sorry old bean, but any house will sell if it is priced correctly. Yes there maybe fewer buyers out there, but you only need one...

If a house doesn't sell at a given price, then it is overpriced for the 'current climate'. It is as simple as that.

Now if the price that people are willing to pay is less than you owe to your bank or building society, or simply less than you imagine it to be worth then that is a separate issue.

neas

Once upon a time threads like this would be denounced by the general public and HPIers... as madness and silly...Whats a true measure of the crash is that the public are becoming aware . Roll on 2009... the year of recession and house price falls... we as a country need it to realise what it 'worth' something.

chucky

neas wrote: »

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.

you have mentioned affordability, price, BTL and HPI a number of times in your posts (i can only assume that you may have a personal issue with this); i suggest that you take more time to look at third world countries and their food problems. you would have to agree that this is a right that is more important than wanting to own a property of your specific preference

the focus of your energies would be used much more efficiently in these areas

phil1873football

TDS wrote: »

Sorry old bean, but any house will sell if it is priced correctly. Yes there maybe fewer buyers out there, but you only need one...

If a house doesn't sell at a given price, then it is overpriced for the 'current climate'. It is as simple as that.

Now if the price that people are willing to pay is less than you owe to your bank or building society, or simply less than you imagine it to be worth then that is a separate issue.

referring to my previous points that you probably didnt read, my point was that I feel lots of people are holding off purchasing to delibrately push down house prices. Not saying its wrong, it's just my idea of whats going on.

Pobby

I must be a total loony. One or two of us were predicting a massive slowing down, if not crash, in 2001!!!! However that didn`t make me run out and sell my home in case I could have bought cheaper a couple of years later. It`s a house, I live in it, there is no mortgage, well I lie, it`s £5 k and is only there for a technical reason.

Had I wanted to "make money" I would have bought another one. Like I said, being a nutter, I questioned the whole hpi thing from 2001, prices were just going up too fast.