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Debate House Prices
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FTB expectations too high?
Comments
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Why so much anger from homeowners then on here when they are told their beloved home isnt worth as much as it was bigged up to be mid 2007?
Its almost as if they have had their cake, eaten it, but dont want anyone else to have a slice, no matter how hard others try for it. That, I am afraid, is unacceptable.
by reading your post your saying that you are angry.
sorry to say the only real anger (and it was highlighted by a number of posters already on this thread) was yourself.0 -
Oh please. It isn't me that needs to get my head out of my backside.
It's not your bearish views on the economy that gets backs up (do you see people reacting to Generali in the same way as they do you?) it's the arrogance and viciousness of your posts. You state opinion as though it's fact and anyone who disagrees with you has to be a halfwit or a mewer in negative equity.
If my house only falls by another 20% then I'll be pretty pleased actually. I expect it to fall by more than that. It would need to fall by another 50% for us to be in NE and we have enough savings to cover that at the moment.
Whatever happens I won't be crying like a baby. I'm a grown up and a responsible one at that. There's no point in worrying about how bad this recession is going to be at the moment. If it does end up as bad as you think it will be then we all have far bigger worries than house prices and that includes you. I don't want to spend my children's precious early years fearing armageddon so if it's all the same to you I'll just get on with saving money for the time being.
It's interesting how you seem to love trying to scare people witless no matter how secure their own situations seem to be yet you yourself have no such fears as you consider yourself to be immune simply because you don't own a house.0 -
Hey, I dont mean to be vicious, I know I can come across like this. But my wife and I have put kids on hold now for a number of years, because when we do have them, we want the best for them. Thats not a criticism of anyone elses decisions. When we first started saving in 2005, it was as much for my wifes financial well-being as it was for a house; i anything had happened to me whilst I was out of country I wanted to make sure she had enough to keep going.
Instead of a slowing down in the market that we were all expecting, or even a plateau as we were told would happen, we saw affordability grow evermore out of our reach. I got massively angry at this stage, as a result of this, partially at myself for not buying earlier, partially because I was spending 6 months of my life in a place that could be described as interesting at best.
When I would come home, I would get massively, massively angry at people going about their everyday business, whilst they wouldnt have a clue what was going on the other side of the globe, its hard to describe. I just thought the way everyone went about their business was incredibly selfish.But they werent. They were simply living day to day.
That anger, for some reason never left me, and I am sorry for attacking you in that manner, I know its frankly unnaceptable. In some ways, the UK struggling like this is horrible to witness, but I firmly believe that we will all be better off for it once we emerge on the other side. one thing is for sure, we are going to go through this together, and you are right, no-one is safe. Homeowners and Tennants are in this together, as are those in the public and private sector. I also think its important, believe it or not, that we stick together, not that the above posts are a good example as to how to behave, and I do help out a lot in my local community.
So sorry again, you wont be hearing from me again.0 -
brummybloke wrote: »..
OP
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No, they shouldn't mortgage themselves to the hilt for a one bed flat.
One thing that helped get us into this economic mess is too many people thinking "well, the market says I can only afford a one bed flat, better get on the ladder" and not enough people thinking for themsleves.0 -
So sorry again, you wont be hearing from me again.
You don't have to go mate but just to accept others have views even if they conflict with yours.
I can honestly say I put children on hold it's just the way the world is now, but belive me most who have a house never purchased for the HPI just because it was now or never.
Best to listen to both sides to get a balenced view.;)0 -
Hey, I dont mean to be vicious, I know I can come across like this. But my wife and I have put kids on hold now for a number of years, because when we do have them, we want the best for them. Thats not a criticism of anyone elses decisions. When we first started saving in 2005, it was as much for my wifes financial well-being as it was for a house; i anything had happened to me whilst I was out of country I wanted to make sure she had enough to keep going.
Instead of a slowing down in the market that we were all expecting, or even a plateau as we were told would happen, we saw affordability grow evermore out of our reach. I got massively angry at this stage, as a result of this, partially at myself for not buying earlier, partially because I was spending 6 months of my life in a place that could be described as interesting at best.
When I would come home, I would get massively, massively angry at people going about their everyday business, whilst they wouldnt have a clue what was going on the other side of the globe, its hard to describe. I just thought the way everyone went about their business was incredibly selfish.But they werent. They were simply living day to day.
That anger, for some reason never left me, and I am sorry for attacking you in that manner, I know its frankly unnaceptable. In some ways, the UK struggling like this is horrible to witness, but I firmly believe that we will all be better off for it once we emerge on the other side. one thing is for sure, we are going to go through this together, and you are right, no-one is safe. Homeowners and Tennants are in this together, as are those in the public and private sector. I also think its important, believe it or not, that we stick together, not that the above posts are a good example as to how to behave, and I do help out a lot in my local community.
So sorry again, you wont be hearing from me again.
i think that you should stay - it's a good place to learn and also entertainment value is great too0 -
No one's saying you should go, just maybe consider the tone of your posts a bit before you hit the send button.
I put children on hold too - I had my first at 35 and my second at 37. We waited until we could afford to buy a house in a decent area. Yes we bought at the wrong time - but we can afford the mortgage on one salary. I really don't want to go into a big justification of our personal circumstances because it's none of anyone else's business.
If anything makes me angry it isn't that our house is going to lose value as I believe that in the long term, over the next 20 years or so, it will at the very least regain that value and I also believe that we will continue to be able to pay the mortgage. If I am wrong then we will survive.
What makes me angry is this hatred towards all homeowners, this belief that we are all irresponsible idiots who want to keep up with the Joneses and remortgage every year to buy a new car. We have one car between us bought second hand in 2005 with no desire for a new one. We did aspire to living in a nice house in a nice area near nice schools for our children. Well stick us up against the wall and shoot us, how dreadful are we.
I don't care about having one holiday a year never mind two. I don't care about new clothes and shoes. I did when I was young but then I didn't aspire to buying then because I knew I wanted a disposable income more than I wanted to be stuck indoors feeling miserable because all my money was going on a mortgage.
And this brings us back to the original topic I think. I did my time in shared houses right up to the age of 31 when I bought a 1 bedroom flat which was 2.5x my salary - a level I was happy with because I still wanted enough money to go out and enjoy myself with. Now I don't spend that kind of money on myself any more, where we live is much more important.
It seems to me that a lot of 20 something FTBs nowadays want the lifestyle that goes with youth with a nice house too, saying that they would have been able to afford that 30 years ago. Yes they would but not without sacrifice - which people were happy to do then because typically they settled down and had children ten years earlier than they do now.0 -
Agree that the OP is angry and seems miffed that people have brought and made money when he didnt. Sorry, that is just life. We have done OK out of buying our houses over the years (I just have one, I am not a BTL!) and of course you can paint the whole house black, have a rottweiler and are not at the whim of a landlord, after the mortgage is paid off the house is yours forever. Paying rent means that you pay rent until you die!
50k is a good salary. I know you are looking to protect your wife if anything happens to you. We have numerous insurance policies for peace of mind and that makes me feel better. I have big issues with people who dont work, have no intention of working and have child after child that they expect the tax payer to support. Family life seems to be going down the drain but I try and work as hard as I can and not let the lazy and the !!!!less annoy me too much.
BTW - dont leave the children too late. Life has a funny way of catching up with you. My SIL met a number of wasters and by the time she decided to settle down and have her children it was too late.....0 -
Agree with Maisie about the children bit. I was lucky and had no problem conceiving at the 11th hour but a lot of my friends have not been so lucky and have spent/are spending a fortune on IVF as it is very difficult to get even the first round on the NHS.
Incidentally I know a fair few people who mewed to do this and still haven't managed to have a longed for child/did manage to conceive with IVF but the babies didn't make it. It isn't all about plasma screens and 4 x 4s.0 -
You can never afford to have kids,its just something that you get on with and with help from the family, as in my case.
If i wrote down how much it would all cost,probably would'nt have happened.
Nowadays the stay at home generation are too attached and well looked after.
I left home at 22 and bought my first home,not that i hated my parents or their place,just the rules.I could'nt have lady friends stay over etc plus numerous other stuff,just pushed me into wanting independance.
I've got friends now with teenage sons/daughters who have boyfriends/girlfriends staying over at weekends,ironing done,dinner money for work,etc,etc.
When they do decide to leave it'll be in their early 30's after such a cushy lifestyle and small 'keep' payments its all a shock.Official MR B fan club,dont go............................0
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