The recession, benefits, the safety net, and the learning curve

Max_Headroom_3

lostinrates wrote: »

So do I, I try and I try and yet still I find myself saying one thing, doing another.

I think we all do, but Dopester says one thing, and then says another. In the same thread!

According to him, people who viewed their homes as investments and speculated were awful people who drove up the price of property beyond his reach. They should have viewed them as homes to live in and ignored any and all "investment potential" or advice (not even watch TV programs about it). Then he wouldn't have been priced out.

But he also feels that those with homes should stop taking the dewy eyed view of their house just being a home to live in, and should be more hard headed and savvy like him, grab this golden opportunity to realise their homes "investment potential" and sell to rent, now! quick! cheap cheap cheap! He hopes this will help precipitate the crash and allow him to buy cheaply.

So transparent it's hilarious!

Max_Headroom_3

mewbie wrote: »

Another good post. One minute I think - that damn Dopester is being unfair, then I'm thinking Max shouldn't be so damn lucky. Very tricky.

In my defence, mi lud, I did work quite hard at being "lucky". Indeed I bought when I had no need of a house just because I recognised the benefit of ownig property.

But yes I do acknowledge (and have said several times already) that I was fortunate to have been the age I was during the last crash, and able to "be lucky".

Max_Headroom_3

mewbie wrote: »

Another good post. One minute I think - that damn Dopester is being unfair, then I'm thinking Max shouldn't be so damn lucky. Very tricky. Perhaps thinking it's a shame Dopester hasn't got a house, and it's a shame Max hasn't got a job is the right way to look at it. But I'm out of my league in this kind of thread.

Don't forget though, that Dopester claims to have circa one hundred and fifty thousand pounds and could become a fully mortgage free homeowner exactly the same as me tomorrow if he so wished.

He chooses instead to gamble on price falls (fair enough, I'd probably do the same in his position) so that he can buy the same house, be mortgage free, and have thousands in the bank!

So don't feel that he's too hard done by compared to me, if it's true then he's actually in the exact same position as me, and younger, and with his "nest-egg" in cash, which is his preferred option anyway.

Hard, really, to see what he's so bitter about isn't it?

ceridwen

lynzpower wrote: »

Over population is not a problem in this country. In fact there are simply not anywhere near enough babies born to keep the old folk in pensions and state provided care.

its the older generation that is responsible for this, by not dying.

..;and I thought I lived dangerously sometimes...:rotfl:

..and I cant resist it....I've been promising myself that the next person who said "MY children are paying for YOUR State pension" was gonna be asked to prove that I am not the person funding my OWN state pension from my OWN contributions......After all - no 30 years worth of NI contributions from me....and no State Pension coming into my bank account.....

Now....where has this particular oft-repeated statement come from? ....goes off grinning very wickedly that I bet no-one/but no-one CAN prove that someone else will be paying for that State Pension I am paying for for myself.....:D

....and no I dont want some form of words that SAYS "everyone is paying for the generation ahead of them".....words/schmords.....the words used are irrelevant...I only care about provable facts....:D (sometimes I think Pastures New should be my new "best friend" - like her....I deplore statements that just plain arent logical.......).

mewbie_2

Max_Headroom wrote: »

In my defence, mi lud, I did work quite hard at being "lucky". Indeed I bought when I had no need of a house just because I recognised the benefit of ownig property.

But yes I do acknowledge (and have said several times already) that I was fortunate to have been the age I was during the last crash, and able to "be lucky".

Oh God no, please don't drag me into it. I'll upset someone.

I was only trying to express how the excellent level of posts on this thread, surely a record for this area of the forum, swayed me one way and another. And how impossible it is to be a judge in this type of situation - er - if indeed anyone is supposed to judge. But then difficult (for me) to feel pure sympathy alone over 30 odd pages.

Max - I don't think you have been lucky in housing, and of course you have been unlucky to lose your job. But I can see from the viewpoint of those frozen out of the housing market (through no fault of current occupiers) that a certain (undeserved) resentment could be felt.

It's a p1sser that people can't afford a house. But not the fault of those who happen to be living in one.

So actually I feel sympathy for both 'sides' of this conversation, if indeed there are sides.

I remain sir, possibly the wimpiest cop out merchant on MSE.

dopester

Max_Headroom wrote: »

Don't forget though, that Dopester claims to have

Hard, really, to see what he's so bitter about isn't it?

Less than that, and a joint-contributed fund. I estimated your value at £140K, with STR at £125K.

Bitter? Because even at £125K... that for me 5 times a very good salary, for a poxy terrace, in an area you say isn't that well regarded (no offence). In a country where more and more people are struggling to keep or get jobs.

It isn't provocation btw. If I thought Max felt it was... then I'd stop.

Only the other night I had a dream (no.. absolute nothing ghey)... anyway by chance was speaking to someone in passing and amazingly came to realise who we were on forums - him being Max. Managed to convinced him to STR and someone overheard, asked whereabouts, and said they had cash and wanted to buy - so long as he could move near immediately. Then his mobile rang offering him a job 80 miles away which he was eager to take. Just as I was thinking of how great it was going to be to let the forum know this incredible turn of events... woke up.

So on a deeper level I think my intentions are very honest, if I'm worrying about someone else, and want a good outcome for them.

lostinrates

bluey890 wrote: »

I think the price gets decided by the individual with the biggest gun (male answer).

Price gets decided by the woman with the biggest assets by the man with the big gun. I'm not worried. In fact, I'm a good shot myself, so I'm ok whatever.

mr.broderick

bluey890 wrote: »

If a tree falls in the forest and no one is around to hear it, does it make a sound?

That is quite interesting and if we had evolved from bats and not monkeys it wouldn't matter either.

mewbie_2

mr.broderick wrote: »

That is quite interesting and f we had evolved from bats and not monkeys it wouldn't matter either.

It would if it was the tree that you lived in.

But anyway, shutup - I want to hear more from Dopester (I have a dream) King and Max SpareBedroom.

harryhound

dopester wrote: »

Maybe.. near 100% mortgage.. ride with the bubble-heads... then STR.

At least I've got a clear conscience, and the coming opportunities for those who have savings/money are going to be incredible - more than going to make up for not riding with the bubble-heads then STR-ing.

I have no home, nor agree with your claims of "residential security". Don't see it as a gamble being in savings/cash. It is just perfect.

I hope you are right BUT I was checking out the housing market in a bellwether local authority in the home counties of London yesterday.
THERE ARE GREEN SHOOTS.
Prices are "rising" because:
Sellers have gone on strike, refusing to take 50K off their asking prices.
Buyers have been reinforced by cheap money:
Not so much as from banks and building societies but also from:
Pension lump sums because annuities are not worth buying.
In the face of it property is still a better bet than pensions.
Down sizing.
The bank of "mum and dad", which has inherited grandma's house (Maggie Thatcher's dream).

I think that left to its own devices, the effects of "Quantative Easing" will peter out as the realities of losing support of bond holders, especially overseas, comes home to roost.

But will this disintegrating government heed the signs and put a return to financial rectitude ahead of short term vote buying?

It all feels a bit "Weimar" to me.
I would rather own bricks and mortar than bank notes over printed in millions.

http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic

Harry.

PS Dopster, you don't qualify for a soft loan from the Bank of M&D?