Some of you are vultures

DirectDebacle

greenwheels007 wrote: »

Again, as I have already stated, you need to explain yourself. I just don't understand what point you are trying to make!
I am only trying to help out with my own personal views, which I take time to explain. I feel that you need to try and take time to create posts that contribute to the debate and aren't purely driven by the insecurity of your own financial plight. Please try and keep up with the debate and explain the point you make.

If you had bothered to read my posts you would not have been able to give any valid opinion on my financial situation. I give my personal views and claim no financial expertise. Your lack of comprehension is not due to any lack of clarity. Whether you find my posts useful or not is entirely a matter for you.

Jimbo456

Im a greedy vulture too, right or wrongly. When I was 22 my parents advised me to get a mortgage for a small flat which at the time cost about £30,000. I never went through with it in the end, but was gutted when a few years ago it was selling for about £80,000. Ive never been able to afford a house for years and watched in despair as house prices got more expensive each year. Nnow with the prices coming down, I can more realistically start thinking about buying a house sometime next year or 2010. Its all swings and roundabouts.

mr.broderick

Jimbo456 wrote: »

Im a greedy vulture too, right or wrongly. When I was 22 my parents advised me to get a mortgage for a small flat which at the time cost about £30,000. I never went through with it in the end, but was gutted when a few years ago it was selling for about £80,000. Ive never been able to afford a house for years and watched in despair as house prices got more expensive each year. Nnow with the prices coming down, I can more realistically start thinking about buying a house sometime next year or 2010. Its all swings and roundabouts.

Yeah to be fair to you you missed out there and they will never return to those prices but good luck for the future.

tesuhoha

ess0two wrote: »

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.

There is a shortage of National Health dentists, why don't they bring the Polilsh in? What about if Sebastian the dentist could do just as good a job as Derek the dentist at a cheaper price?

Sorry, couldn't resist.

greenwheels007

DirectDebacle wrote: »

If you had bothered to read my posts you would not have been able to give any valid opinion on my financial situation. I give my personal views and claim no financial expertise. Your lack of comprehension is not due to any lack of clarity. Whether you find my posts useful or not is entirely a matter for you.

I find everyones posts useful and hope my own also contribute some worth.

I do however absolutely refuse to be bullied by people who disagree with my views. I take time to read the posts of others and respond in accordance with how they present their views, if people fail to present their views clearly and I misinterpret them then I offer an apology and there is always the opportunity for them to clarify their point, which most do.

I will not be bullied and pushed aside just because a number of people disagree with my views. This post sought to imply that I, who chose to sell in August 2007 and rent, am a vulture.
My contributions have sought to contribute to this debate as I personally, wholeheartedly and factually believe that the obsession with property ownership could, if unchecked, lead to catstrophic finacial outcomes for a huge number of people. I have owned, I have rented and I have employed plumbers! I have views to contribute.
Maybe I am trying to swim up river as people simply want reassurance that everything in property ownesrhip will be ok. I can not personally offer that reassurance and I base my reasoning on facts accompanied by personal interpretation of the future.
I happen to think that sitting in an overpriced house with a fat mortgage is not the best financial plan. I believe that the recession is real and looms large from February 2009. We are looking at negative equity, unemployment and reposession being the three big words next year, replacing the rather wooly 'credit crunch' and 'brink of recession'.
If there is a house price crash on its own then there is no need to panic if that person can sit tight and pay the mortgage. However, if the crash is accompanied by mass unemployment then things get serious. People are simply hoping the problem won't occur where I personally believe it will.
Anyone who is not certain of job security, who have a mortgage of 60% of their house value or more is putting themself in jeopardy by staying put, I am suggesting what I believe is a safer alternative, and have done it myself.
The thread discusses whether I am a vulture, were the people who bought BT shares in the 80's vultures or just trying to do the right thing financially? I do not feel I am a vulture but enjoy the debate.
My posts explain my views and I qualify what is fact and what is opinion.

If you need to vent your stress on someone please give me a break and go and pick on someone discussing the price of vegetables or something.

I simply will not be bullied because you for some reason have decided that you don't like my views.

Lets stick to the topic and let people read our views and contribute their own.

ess0two

tesuhoha wrote: »

There is a shortage of National Health dentists, why don't they bring the Polilsh in? What about if Sebastian the dentist could do just as good a job as Derek the dentist at a cheaper price?

Sorry, couldn't resist.

Your right and as long as the person involved aint a butcher,gets my vote.

Davesnave

That is why I have an insight into what it feels like to lose your home.

Yes, it's horrible. We lost ours for a while when half of it burned down, probably due to a visitor's cigarette end. Not a good thing to come home to. One feels violated, but at least in that situation the place is eventually restored to you, even if you treasured possessions aren't.

My family did the tied cottage thing when I was a child. Lord of the Manor suddenly bought a new estate at the other end of the country and expected everyone to up-sticks and follow, but we didn't, so it was back into rented for Christmas. Luckily, the landlord kept turkeys. I expect we had one, but I can only remember feeding them up! I'd not met one before.

I've never been homeless. Even when the house burned, we had somewhere to go, albeit a bit basic. Having parents with wanderlust made things feel a little insecure when I was young though. Certainly, there was a time when I didn't have a real bed. I wouldn't say that sort of thing bothers a child if the parental relationship is OK, but I think it explains why I'm not much of a risk-taker.

Sitting on the sidelines and being a 'vulture' will be the first time I've stepped out of home ownership since my late 20s. I'm the sort of person who sees bricks and mortar as something reliable and solid, so I don't think I'll enjoy it. Looking at a bank statement and seeing lots of digits really doesn't do it for me.

bobbybee2

I am a bit confused by the term 'vultures'.

If there weren't any 'vultures' - what would happen?

The house would never be sold, it would be repossessed and you would get nothing.

The alternative to a 'vulture' is someone who comes and pays whatever you want for your house. They're known as a fictional character - file along with Santa Claus and the tooth fairy.

The 'vultures' aren't the cause of the problem here!

Saver-Rob

You may class me as one. I have worked, saved and am looking @ next year as a good time to start to look for property. If it is a reposession and cheap then I'm all for it. I'm sorry that people are losing out but if it ever happened to me I wouldnt begrudge somebody else my former home as it is not their fault I couldnt pay my debts.

tesuhoha

mramra wrote: »

No A levels or degree, sounds fairly average to me, or are you just saying that his name isn't Joe? :cool:

He has no A Levels or degree not because of his lack of intelligence but because of his lack of opportunities in life. I do realise that dentists and doctors are highly skilled and perhaps I should not have made the comparison but becoming a plumber is not easy and an understanding of electrics is required and maths is needed. Not anyone can do it but if you call someone with good GCSEs an average joe then maybe. However, I would say in that case that an average joe can go on to university and become a doctor etc.