Housepricecrash.co.uk & MSE

Dan:_4

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...

Banging on that house prices will crash for the last 6 or 7 years is not really financial/political forecasting.

I might set up a housepricerecovery website - We will get it right eventually.

LydiaJ

geoffky wrote: »

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..

But that's not most of what I see on DFW. I lurk there a bit and post occasionally. There are plenty of people there telling debtors to cancel sky and sell the car and all the rest of it. If the ((((hugs)))) etc make the tough advice more palatable, then what's the harm? If you charge in with a judgemental attitude, people won't listen to you, even if you're right, because people don't like feeling condemned. If you make them feel listened to and cared about, you can get them to listen to a lot more advice, and actually take it, a lot of the time.

OK some of the diaries show that some people on there haven't broken free of the debt mindset as much as they think they have, and that they are still making excuses for stupid expenditure. But most of them are doing a lot better than they were before they joined DFW, and if some of them take more than one light bulb moment to reach their debt free day, then I for one am glad they're at least moving in the right direction. What matters is that these people learn to manage money responsibly in the future, not that they feel really bad about being stupid with money in the past. Most of them feel stupid already anyway.

Whatever else DFW does, it certainly doesn't encourage people to get into debt, or to get further into debt. The idea that anyone without debts would be more likely to incur debt in the future because of reading the ((((hugs)))) on DFW is just laughable.

PS And I agree with everything that Dan: has been posting on this thread.

whathavewedone

Just been over on HPC and on the most recent thread about house prices there are plenty still predicting 70-95% HPC peak to trough. Those that are predicting 40-50% are considered bullish.

Oh and they know we're on to them!

johnycoldears

Dan: wrote: »

Banging on that house prices will crash for the last 6 or 7 years is not really financial/political forecasting.

I might set up a housepricerecovery website - We will get it right eventually.

Actually to be fair HPC is about a hell of a lot more than house prices. When I first started reading the site (two and a half years ago) they were already using terms like "credit crunch" and discussing the possible failure of banks... and if everything CGNAO was predicting comes true God help us all.

I'm sure news sources such as the BBC have done a lot of their research on HPC.

dezmond76

Running_Horse wrote: »

What will HPC call itself when prices start to rise again?

Hopefully HPI will never rise again to such stupid levels.

Turnbull2000

johnycoldears wrote: »

I agree, although I'm finding the better posters on HPC seem to have been swamped by the bitter and nasty.

Is that even surprising? The site is anti-house price inflation. And said house price inflation has brought this country to the brink of a new depression. As a young person who will have to pick up the tab for this entire mess, I'm not only feeling bitter and nasty, but also angry and f**king violent. If people start marching in London, I'll be on the first train down there. I'd love nothing more than to wreck the house of commons and scare our politicians shitless.

tommy75

Is Sibley on here?

Bf109

What on odd thread.

Some people on the internet read some stuff that someone else wrote on the internet.

Shock horror!

HPC is a curious mix of survivlista conspircay theory NWO lizard people nutjobs and very sensible economic discussion. You take the good and ignore the bad.

MSE is a curious mix of good ways to save money and get good personal economic advice on the one hand, and a hopeless cesspit of (((hugs))) you spunked your childrens future some horrible BTL flat and a focus cmax (((hugs))) hun.

Both sites have their nauseating sides but they also have their attractive sides.

Take the good, leave the bad. Thats teeh way teh internets work.

Bf109

Turnbull2000 wrote: »

Is that even surprising? The site is anti-house price inflation. And said house price inflation has brought this country to the brink of a new depression. As a young person who will have to pick up the tab for this entire mess, I'm not only feeling bitter and nasty, but also angry and f**king violent. If people start marching in London, I'll be on the first train down there. I'd love nothing more than to wreck the house of commons and scare our politicians shitless.

Also this.

Rover

I read both forums regularly. Both are frequented by a varied spectrum.
MSE is good for general info and lots of cuddles and sympathy, HPC is a 'BEAR PIT' and, if you can filter the chaff, is an excellent indicator of reality.

You read what you want and it's an individuals choice and aptitude that determines what to be believe and what to act upon.



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Denial, anger, acceptance.
Some are ahead of the game, some don't even realise the game kicked off about six months ago.
As I keep mentioning look at the 12 monthly share performance of any major builder.



anger, denial, acceptance