Why Are High House Prices A Good Thing?

mewbie_2

PasturesNew wrote: »

I don't know where you got £400k from... I'd not be sat online typing !!!!!! into a forum if I had that much.

That is the quote of the decade. Thanks PN. And Martin can't see the point - he doesn't know what he's missing.

IveSeenTheLight

PasturesNew wrote: »

I don't know where you got £400k from... I'd not be sat online typing !!!!!! into a forum if I had that much.

I actually expect to spend £150-165k on a 2-bed small house. Then fully furnish it with everything (I have nothing, no things), so that's another £2k - and probably have to stick a conservatory on and do some other tiny things, say another £10k.

Oh dear ... might have to spend less on the house.

And I'd still need to get a job for the next 20 years to pay the bills.

Err, I believe you said you had that in savings after STRing a while ago.
The topic was about how much you were losing in interest as the BoE rate dropped from 5.75% to I think at the time it was about 2%

Regardless, If you expect to pay £150k - £165 on a 2-bed small house, why post the Utopia post in which you referenced a 2-bed house for £45k?

P.S. not having a personal go, but confused when you made so much money because of the boom, why you expected prices to range between £20k and £65k for studio - 4 bed house

mewbie_2

IveSeenTheLight wrote: »

why post the Utopia post in which you referenced a 2-bed house for £45k?

You can tek our bedsits (btl's) but ye canna tek our dreams wee laddie.

Mozette

IveSeenTheLight wrote: »

Err, I believe you said you had that in savings after STRing a while ago.
The topic was about how much you were losing in interest as the BoE rate dropped from 5.75% to I think at the time it was about 2%

Regardless, If you expect to pay £150k - £165 on a 2-bed small house, why post the Utopia post in which you referenced a 2-bed house for £45k?

P.S. not having a personal go, but confused when you made so much money because of the boom, why you expected prices to range between £20k and £65k for studio - 4 bed house

I don't think £65,000 for a four bed was given as what is likely to happen, just what would be nice to happen and stop people from being such wage slaves.

IveSeenTheLight

mewbie wrote: »

You can tak our [STRIKE]bedsits [/STRIKE]but an ben's (btl's) but ye cannae tak oor dreams [STRIKE]wee[/STRIKE](no need for wee, more sinisterjust calling the man a laddie ) laddie.

lol, would never buy a bedsit, studio or 1 bed place as a BTL.

P.s. fixed some wee spelling mistakes for ye

Time for a wee deoch an doris I think.

If you can say, "It's a braw bricht moonlicht nicht",
Then yer a'richt, ye ken.

IveSeenTheLight

Mozette wrote: »

I don't think £65,000 for a four bed was given as what is likely to happen, just what would be nice to happen and stop people from being such wage slaves.

As I said, Utopia for both thinking about the possibility of a 4 bed for £65k and that the working man will ever not be a slave to wages

P.S. Thinking we are hard done by and that we expect to get more out of life for our wages really gets my goat. You should try seeing how the people live in areas such as the floating villages in Campbodia and then assess we are really so poor.

One little Campbodian girl about 3 or 4 stole my heart in an attempt to beg some dollars from me by asking where I was from and then telling me the capital of Scotland was Edinburgh.
Sure they are gaining only enough education in order to sway people to give more charitably, but how many UK children under 5 would know the capital of Campbodia?

ILW

Or Scotland

PasturesNew

IveSeenTheLight wrote: »

Err, I believe you said you had that in savings after STRing a while ago.

No, you must have me confused with a rich bugg4h.

IveSeenTheLight wrote: »

The topic was about how much you were losing in interest as the BoE rate dropped from 5.75% to I think at the time it was about 2%

Any maths I did, mentally, was comparing the rate I got the day I sold my house and shoved it all into one high interest paying account, to the amount I was getting when I'd moved it about to several accounts and safer banks, yielding pee-poor rates.

IveSeenTheLight wrote: »

Regardless, If you expect to pay £150k - £165 on a 2-bed small house, why post the Utopia post in which you referenced a 2-bed house for £45k?

P.S. not having a personal go, but confused when you made so much money because of the boom, why you expected prices to range between £20k and £65k for studio - 4 bed house

I wasn't thinking of me when I posted it. I was thinking of others. New people who want houses. People who want a life. Just plucked figures out of the air ... if they'd never risen above those rates, no bubble, and I had no STR fund I'd be happy with those prices I randomly plucked.

PasturesNew

IveSeenTheLight wrote: »

As I said, Utopia for both thinking about the possibility of a 4 bed for £65k and that the working man will ever not be a slave to wages

P.S. Thinking we are hard done by and that we expect to get more out of life for our wages really gets my goat. You should try seeing how the people live in areas such as the floating villages in Campbodia and then assess we are really so poor.

One little Campbodian girl about 3 or 4 stole my heart in an attempt to beg some dollars from me by asking where I was from and then telling me the capital of Scotland was Edinburgh.
Sure they are gaining only enough education in order to sway people to give more charitably, but how many UK children under 5 would know the capital of Campbodia?

I don't even know where Cambodia is. I've never been abroad.

PasturesNew

IveSeenTheLight wrote: »

lol, would never buy a bedsit, studio or 1 bed place as a BTL.

Why not? I rent one.