Housepricecrash.co.uk & MSE

Laughing_man

PaulW1965 wrote: »

Following a discussion yesterday I did a search on housepricecrash.co.uk for MSE, I was astonished to find page after page after page of links to MSE. Most of the posts involve posters on HPC making derogatory comments about posters on MSE. However, some of the posts involve organising attempts to flood MSE polls.

Whilst there is nothing wrong with this as these sites are public, I just wondered if MSE posters are aware that they are being watched in this way?

http://www.housepricecrash.co.uk/search.php?q=mse&cx=partner-pub-5419175785675578%3Agd95mgmdruj&cof=FORID%3A10&ie=ISO-8859-1#1028

In fairness most of those MSE crosspost threads turn into a debate between the moderate majority of HPC posters who don't really like gloating, and the lunatic fringe who really enjoy it.

If you ignore all of the 10k+ posters on that site its not really so bad, the bad rep is mainly due to 2-5 unemployed retards who think they're genius economists on the basis of thier huge post count.

Also, HPC is mysogonisitic. On average though the level of discussion on the main board is a bit higher the house prices board here, imo.

dezmond76

Laughing_man wrote: »

Also, HPC is mysogonisitic.

Are you really branding HPC posters as being women haters??????

Durhamborn

Running_Horse wrote: »

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

I am a regular on HPC.The site isnt just about a housing crash.Its really about the credit bubble and the disaster it would in the end cause.
While many people in trouble are innocent a good many arent.I think the venom isnt so much that people get in trouble,its the fact government is trying to bail them out,and as such will make the problem worse.

The fact is many many people with no understanding of economics were lending huge sums.Indeed most of the problems are not from people buying a home.Its the people who then MEWed the equity to buy cars,holidays etc.

It is hard to feel sorry for such people.They made a bet houses would increase forever and got it wrong.Thats capitalism im afraid.

Most of the people who post on HPC saw this coming.Any understanding of economics would of set alarm bells ringing.Not all sold to rent,or are waiting to buy.Myself im a homeowner,but through the last 7 years while everyone was MEWing i paid my mortgage off from earnings from work.

So in a way i have a vested interest houses rise,but in fact i hope they fall.I hope my house loses 30% to 50% of its value.It will.Easy credit and a housing boom were ruining our economy.Malinvestment meant capital was being put into housing and consumption instead of real economic growth.

That disaster is now unfolding.A large part of these debts are owed to China etc.As sterling crashes they are harder and harder to pay back.

The fact is Asia is becoming as affluent as the west.We couldnt carry on consuming wealth as we were without the capacity to produce that wealth.It was a huge ponzi scheme that had to crash.

HPC was full of people who saw this and positioned their finances to cope.From the people who stayed out of housing knowing it would implode,to others like myself who moved most of their investments out of sterling.

Myself i do feel sorry for people caught up in this.Yes many of them were stupid,but many were just ordinary people who didnt understand economics.

The main blame lies with government.They encouraged the boom so they could tax it.Simple as that.

Many ordinary people are now starting to really show an interest in economics and long term this must be good.

Also people who shouldnt be borrowing large sums in future simply wont be able too.Lenders will never again be so stupid.So the people who go bankrupt now and default at least wont get in that mess again,as they will be renting for life,and living on earnings not credit.

I have invested since i was 14.In all that time i think HPC is the best site ive ever seen concerning real economics.Yes there are different views on there.Overall however the site is a superb place for people interested in protecting their families finances.Anyone who has no knowledge of finance and economics would do well to read the posts on the site.

I think the venom is more to do with the fact a lot of people lent far too much money that is now crushing our economy.That pensioners with a few savings are being hit to bail out people who lived above their means.

MSE is a good site in many regards but when it comes to hard economics,trends and whats really going on,and more to the point the outcomes that will happen HPC and many of the people who post on it are way ahead of any other similar site.

overlander

I find HPC an outstanding site, they guys have been 100% correct and the financial advice is also outstanding. On here the opposite could be said for some sections. I like this site for general items but for predicting the economy and finance HPC is fantastic. They were predicting the whole lot of this years ago and i recon a few folk from debt forum should get over to the site if they really want their debt sorted. But lets be honest most them just want to find away out of paying thats the advice they want not real advice as that would mean cutting back. I stay away from that section it makes my blood boil. So what i am saying is this site is for fun HPC is for serious advice, i certainly changed my finances listening to HPC and they are much healthier now.

Durhamborn

Running_Horse wrote: »

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

I am a regular on HPC.The site isnt just about a housing crash.Its really about the credit bubble and the disaster it would in the end cause.
While many people in trouble are innocent a good many arent.I think the venom isnt so much that people get in trouble,its the fact government is trying to bail them out,and as such will make the problem worse.

The fact is many many people with no understanding of economics were lending huge sums.Indeed most of the problems are not from people buying a home.Its the people who then MEWed the equity to buy cars,holidays etc.

It is hard to feel sorry for such people.They made a bet houses would increase forever and got it wrong.Thats capitalism im afraid.

Most of the people who post on HPC saw this coming.Any understanding of economics would of set alarm bells ringing.Not all sold to rent,or are waiting to buy.Myself im a homeowner,but through the last 7 years while everyone was MEWing i paid my mortgage off from earnings from work.

So in a way i have a vested interest houses rise,but in fact i hope they fall.I hope my house loses 30% to 50% of its value.It will.Easy credit and a housing boom were ruining our economy.Malinvestment meant capital was being put into housing and consumption instead of real economic growth.

That disaster is now unfolding.A large part of these debts are owed to China etc.As sterling crashes they are harder and harder to pay back.

The fact is Asia is becoming as affluent as the west.We couldnt carry on consuming wealth as we were without the capacity to produce that wealth.It was a huge ponzi scheme that had to crash.

HPC was full of people who saw this and positioned their finances to cope.From the people who stayed out of housing knowing it would implode,to others like myself who moved most of their investments out of sterling.

Myself i do feel sorry for people caught up in this.Yes many of them were stupid,but many were just ordinary people who didnt understand economics.

The main blame lies with government.They encouraged the boom so they could tax it.Simple as that.

Many ordinary people are now starting to really show an interest in economics and long term this must be good.

Also people who shouldnt be borrowing large sums in future simply wont be able too.Lenders will never again be so stupid.So the people who go bankrupt now and default at least wont get in that mess again,as they will be renting for life,and living on earnings not credit.

I have invested since i was 14.In all that time i think HPC is the best site ive ever seen concerning real economics.Yes there are different views on there.Overall however the site is a superb place for people interested in protecting their families finances.Anyone who has no knowledge of finance and economics would do well to read the posts on the site.

I think the venom is more to do with the fact a lot of people lent far too much money that is now crushing our economy.That pensioners with a few savings are being hit to bail out people who lived above their means.

MSE is a good site in many regards but when it comes to hard economics,trends and whats really going on,and more to the point the outcomes that will happen HPC and many of the people who post on it are way ahead of any other similar site.

DervProf

Dan: wrote: »

The DFW board is an excellent tool for sorting out your debt problems, there is some excellent advice and guidance. OK, so it might be all hugs etc but the support offered is great.

HPC is a place full of nutters.

Mostly debt-free nutters, like myself.

5 years of watching fools rack up huge debts, knowing what`s likely to happen, is enough to drive anyone nutty.

overlander

Plus i would like to add i think a lot of them have got a right to angry. When all these idiots were running about buying houses they could not afford and flashing their credit cards they seen the ending. They also seen that the prudent would also be dragged down with the idiots and to be honest it makes me angry as well.

setmefree2

Yes they are on to us....:hello:

Msg to you guys on HPC - "stop picking on our DFWs "

Laughing_man

dezmond76 wrote: »

Are you really branding HPC posters as being women haters??????

Obviously not all of them, I post there for example, but there is certainly a sexist undertone to alot of threads, I think the postsers are mostly blokes so it's to be expected maybe.

On the plus side that site is the main reason I didn't get a 100%IO mortgage in 2007 at the urging of my Dad when my unfortunate step-siblings did.

DervProf

Rover wrote: »

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.

Precisely.