Some of you are vultures

DirectDebacle

greenwheels007 wrote: »

Come on, you need to look big picture here!
40% of the stock is owned. Many, many people have re-mortgaged their homes in order to fund various things. The housing market is just that, a market. In any street a good 10% of houses are sold and re-sold over a 5 year period, there is huge fluidity. The new builds will be gobbled up by our ever increasing population. The market rose 300%, so it is obviously fluid, so it can crash too, it has before and at times when peoples mortgage to property ratio was far lower.
The context of this crash is simular to the 80's where there was a hedonistic belief that house prices would head on it to the stratosphere.
There will be many currently in positive equity but that number will rapidlt diminish as the slide continues. If house prices are reducing 1% to 5% per month now just explain to me what will correct that trend?
So as house proces slide, trickle, drop or crash (whichever you prefer) more and more people will click in to negative equity.
Perhaps the point that we would disagree on is unemplyment, which I have already explained, I obviously factor this in whereas your theories appear not to.
That is where we differ, I hope you are right!
Not a cheery thought but just the way see it!

Have a look at post #349 before dissecting my theories. You seem to have this habit of cherry picking information from other peoples posts, re phrasing them and posting your borrowed ideas as your own in an attempt to debunk the posters you cribbed from in the first place.

I will agree with you that house prices will continue to fall. As I have stated many times previously. Not sure about your estimate of 1-5% p.m. where did you see a prediction of 60% house price falls in a year?

adr0ck

tesuhoha wrote: »

T
You can say what you like, insult me by saying I'm speaking out of my rectum but I speak the truth. Supply teachers at my school start at 9 and finish at 3.30pm. Whether its a good school or not is irrelevant, the majority of them hand out the work or write it on the board and then sit at the front of the classroom. They certainly don't teach. There is a shortage of good supply teachers but its not going to last because with all this unemployment hopefully good people will start training to be teachers and we will not have to employ so many supply staff.

i thought teachers were contracted to start at 8.40AM even though lessons don't start till 9?

adr0ck

ess0two wrote: »

You cant compare a plumber to a dentist.The average joe could be trained as plumber in 6mths tops.A dentist takes years to train etc.
I could quite merrily live with a leaking pipe,but not toothache.

you could live with toothache better than you could live with a gas leak though

greenwheels007

I don't really understand that thought process!
I go to the dentist and he fills my tooth in a way that I could never do myslef and charges me £30.
I go to a plumber and he does a job that I could do if I had a certificate and he charges a ridiculous sum!
It is not a class issue it is a fairness issue. A dentist is a professional, a plumber is a tradesperson. Tradespeople are nomadic and opportunist. One day is great one day is bad, travel is necessary. The dentists just sits and fills gaps in teeth (with great skill) day in, day out and charges from a tarrif.
I remember a time not too many years ago where plumbers were being headhunted from company to company and guaranteed 40K per year (plus the cash jobs they did at weekends). But the nature of the trades is risky. Just like the gold rush.
I have sympathy for your plight but please do not blame me for what I have experienced. I have paid a lot of tradespeople over the years and on the whole paid them a good wage. If they have not in turn chosen to put money aside for the tough times then that is a matter of choice. It is great that we live in a world of choice and going back 5 years those plumbers had the choice to take on hard to fill jobs in the public sector for £20K plus but chose not to. I don't blame them for that but it is just the way things go.

ess0two

adr0ck wrote: »

you could live with toothache better than you could live with a gas leak though

Probably,lol

The Europeans just filled a void of a plumbing shortage when they arrived in the UK.
Of course if Pablo can do just as good a job as Derek at a cheaper price then Pablo wins.

louiser123

oh my lord !! what a thread, i have only read some of it a to read it all it would take me till the recesion was over i think!!

i agree with both sides so could be called as sitting on the fence but i dont think so.

i agree some people have gone for high debt for housing that they could not afford knowingly if this happened, a mistake im sure many make and yes i do feel for them somewhat i would hate to see anyone homeless, on the other hand there are families, couples out there who have not gone all in with everything but who have lost thier jobs ect had tragedys, a whole host of problems some paying very small mortgages and both partners lost jobs, yes i know everything can be forseen but everything cannot all be rosey for a vast majority, low paid workers, home makers ect ect and yes i do have sympathy for these people its horrible and does not bear thinking about and what makes me angry is that our money has been given to banks to help them out!! i wonder how much help these same banks will be giving to borrowers?? i reckon not much especcially those who do have equity in thier homes because the lender can make a quick buck then cant they!!

tesuhoha

Lotus-eater wrote: »

Exactly right.
The lady who was talking about her plumber husbands £100 a day for goodness knows how many hours, better have a look at his profit and loss sheet. If you aren't earning enough, charge more. I couldn't get a plumber for anywhere near that, over double for private work. Site work, that's different, but then you have reliability of continuing work hopefully, but you didn't mention that...

The person that asked if it was a bad time to be self employed. I don't think its ever a bad time to be, just a bad time to be doing certain things. Or a bad time to be doing them badly.

Its a bad time to be most things at the moment.

He has been working on site yes and there is no reliability of continuing work. Site plumbers don't earn wonderful wages and they have all the disadvantages that I have talked about before. I don't know where you get your information from but construction workers are unemployed here in the South East and it is probably going that way in the rest of the country. Those who have tried to become self-employed are reporting that there is no work out there or very little because they are all competing for it and prices are going down.

I certainly don't want anyone's sympathy but please don't think plumbers are still raking it in. My husband does not think if he is not earning enough charge more. His way of thinking is undercut to survive which everyone we know is now having to do. Maybe those people who are established are doing better but it will hit them eventually. Its amazing isnt it, everyone wants to have a go at plumbers. They always get a bad press. The majority of them are just people like everyone else who just want a living wage, enough to pay the mortgage, bills and buy food.

spritely

great post louiser123

greenwheels007

DirectDebacle wrote: »

Have a look at post #349 before dissecting my theories. You seem to have this habit of cherry picking information from other peoples posts, re phrasing them and posting your borrowed ideas as your own in an attempt to debunk the posters you cribbed from in the first place.

I will agree with you that house prices will continue to fall. As I have stated many times previously. Not sure about your estimate of 1-5% p.m. where did you see a prediction of 60% house price falls in a year?

I had a quick look at post 349 and some of it makes sense to me.
I am sorry for challenging your superior views but they are just that, views, as are mine.
We are talking about 75,0000 reposessions and 500,000 in mortgage arrears predicited for 2009 if the economy stays as it is now throughout 2009.
House selling prices are reducing month on month by 1% to 5% per month.
Not sure where you glean the theory that I some how recycle the views of others, perhaps I share the views of others but that does not somehow mean that I am intellectually incapable of reasonable thought!
I apologise if you feel that I cherry picked and re-phrased your views but I do need to make a couple of points. Firstly I may have misunderstood what you said as you hadn't explained yourslef clearly and secondly this is a forum, an opportunity to discuss and challenge the views of others.
If I have offended you by merely asking you to look at the bigger picture then for that I am afraid I can offer no apology.

tesuhoha

greenwheels007 wrote: »

I don't really understand that thought process!
I go to the dentist and he fills my tooth in a way that I could never do myslef and charges me £30.
I go to a plumber and he does a job that I could do if I had a certificate and he charges a ridiculous sum!
It is not a class issue it is a fairness issue. A dentist is a professional, a plumber is a tradesperson. Tradespeople are nomadic and opportunist. One day is great one day is bad, travel is necessary. The dentists just sits and fills gaps in teeth (with great skill) day in, day out and charges from a tarrif.
I remember a time not too many years ago where plumbers were being headhunted from company to company and guaranteed 40K per year (plus the cash jobs they did at weekends). But the nature of the trades is risky. Just like the gold rush.
I have sympathy for your plight but please do not blame me for what I have experienced. I have paid a lot of tradespeople over the years and on the whole paid them a good wage. If they have not in turn chosen to put money aside for the tough times then that is a matter of choice. It is great that we live in a world of choice and going back 5 years those plumbers had the choice to take on hard to fill jobs in the public sector for £20K plus but chose not to. I don't blame them for that but it is just the way things go.

My husband has had years of training and working on site but you would not call him highly skilled. You think that you could do any plumbing job as well as him. He spends hours every week reading plumbing manuals and trade magazines, he attends boiler courses, and Corgi training every few years so how do you know as much as him about plumbing? It very much depends who you employ as to whether they charge a ridiculous sum but they do have overheads to cover. A flue analyser alone is £600, the thing they use to clean the boiler is £700, thats just for a start I could go on but won't bore you