Housepricecrash.co.uk & MSE

Spartacus_Mills

I read both forums, I enjoy both forums. I think "some" of the posters on HPC can be a little callous towards some people losing their homes. However there is a difference between people like "Sadnewmum" whose plight on here is well documented and the BTL scumbags who have driven the market. Some on HPC cannot see that. So we argue and debate. Long may it carry on. It is hardly a festering sh1thole.

Really, as for people here who do not like the HPC forum, well don't read it.

Generali

Spartacus_Mills wrote: »

Really, as for people here who do not like the HPC forum, well don't read it.

That was my decision.

I've never understood the attitude "This is a rubbish website, I hate reading it" when the solution is clear!

Braveheart100

There is a massive wave of unemployment coming. The "HPC generation"/ Ipod generation" are too young to understand what that means. They've had it so good for so long that they are not going to know what's hit them. Like everyone generation they think they know it all and they think they have all the answers.

It's going to be real sad.

skap7309

I agree with many posts on here about HPC. I read the site everyday because i think the info on there is excellent (main site not forum) however when i go through the forums there are some quite strong characters so i have not even registered on there.

Dan:_4

Dooooooooooooooonut wrote: »

I'm not convinced of that at all.

Extreme example: imagine you lost your friends and family if you went bankrupt, and were shunned in the street by strangers (maybe you are branded on the forehead). We'd see a lot fewer bankrupts!

So you would turn your back on a family member/friend if they were made bankrupt?

Spartacus_Mills

Generali wrote: »

That was my decision.

I've never understood the attitude "This is a rubbish website, I hate reading it" when the solution is clear!

If that post is not worth a +1 then I don't know what is.

:money:

geoffky

I hate the huggies on here...
here have a hug some will be along soon to sort your life out and tell you its not your fault that you owe 70k to a nasty bank.. GO AND HAVE A DRINK IN OUR VIRTUAL PUB. then go bankrupt after a few drinks ..... now this makes my blood boil ....what happened to responsibility.. or are real men now soft !!!!!!s..

johnycoldears

Walter_J wrote: »

I've been a contributor to HPC for many years and have learned an awful lot from the more thoughtful posters there.

The whole credit crunch and resultant crisis was predicted there in detail long before anyone in the mainstream was aware that anything was amiss. For instance, the problems with Northern Rock were being diiscussed on HPC a good year before anything made the headlines.

Most people on HPC agree that the current world crisis was caused by banks lending to people who couldn't or wouldn't repay the debt. The first symptom of the resulting problem was a bubble in house prices - hence the existance of HPC as a house price forum.

Consequently, many on HPC have a disdain for banks and people who borrow too much money and don't pay it back. Unfortunately, this disdain sometimes bubbles over into ridicule of debtors who get into difficulties.

I do not find this an attractive thing. Even less attractive though IMO, is the nauseating spectacle of MSE posters calling each other 'Hun' and giving (((hugs))) to f eckless idiots who seem to expect sympathy for running up credit card bills of tens of thousands which they spent on tat.

I agree, although I'm finding the better posters on HPC seem to have been swamped by the bitter and nasty. It's one thing to take satisfaction in the potential fall of greedy speculators such as the Wilsons, who have profited at the expense of pricing FTB's out of the market, but some of the posters there take pleasure in the fall of naive home owners whose only crime was to buy at the top of a bubble which they did not know existed.

I still find HPC to be a better tool to get a handle on the recession and economy in general, but I prefer this forum to discuss house prices. The fact that there are still bulls on this forum means you at least get both sides of the story rather than everyone just agreeing with the poster. Whilst I think that house prices still have a way to fall, I think that consensus on the bottom of the market will be correctly reached here before HPC. Some of the posters on HPC will never believe in a rising market, in the same way that Estate Agents were still denying a falling market six months after it had started

geoffky

johnycoldears wrote: »

. Whilst I think that house prices still have a way to fall, I think that consensus on the bottom of the market will be correctly reached here before HPC. Some of the posters on HPC will never believe in a rising market, in the same way that Estate Agents were still denying a falling market six months after it had started

you are so wrong...hpc leaves this site for dead as far as financial/political forecasting is concerned...there again most posters here post there...

johnycoldears

geoffky wrote: »

you are so wrong...hpc leaves this site for dead as far as financial/political forecasting is concerned...there again most posters here post there...

I don't think we are disagreeing. I already said that HPC is a better economic tool... and by the way I have been posting there myself for the last 18 months and using the site for almost three years. My concern is that some of the posters will refuse to see bottom until their 80% forecasts come true and they will be shouting down anybody who dares to say (at some point in the future) otherwise. I've already noticed some posters denying the spring bounce in sales we are undoubtedly now experiencing as some investors exchange cash for assets in the form of housing. Albeit the bounce is from a very low sales point and will only temporarily slow the fall.

My point is only that at some stage in the future the market will pick up and I would expect to see a rising trend in bullish posts. When there are more bullish posts than bearish posts We should at least be approaching a turn around. Given the mindset (the title of the website kinda gives it away) of some of the posters on HPC I think the turning point might just be missed there