Many Upsizers gaining nothing from crash....

chrishoar

chucky wrote: »

you're confusing yourself...


but


if they do get negative you'll be liking these figures again regardless of transaction levels - right?

Im talking in real terms not in figures spun from vested interests

chucky

chrishoar wrote: »

Im talking in real terms not in figures spun from vested interests

right........ the Land Registry has a vested interest... :rolleyes:

actually... let's say you're right about vested interest... do we now ignore the Halifax and Nationwide figures when they were negative for 15/16 months and pretend that house prices didn't drop in value? :rolleyes:

i'm sorry but the vested interest argument comes across a little bit simple...

HAMISH_MCTAVISH

chucky wrote: »

i'm sorry but the vested interest argument comes across a little bit simple...

Of course it's a "little bit simple".

Like all the other bear memes, it's desperation from those who see their dream slipping away, and need to cling on to these articles of faith.

Religion is the opiate of the masses. HPC is the opiate of the !!!!less, who made poor decisions early in life (not buying property) and now wish for the prudent ones, (those who planned properly and bought a house), to suffer so they can catch up.

I have no sympathy.....

Mr_Matey

But upsizers do gain from:
* Less agents fees on the house they're selling (assuming a %age)
* Less stamp duties on the house they're buying.
:beer:

Graham_Devon

HAMISH_MCTAVISH wrote: »

Religion is the opiate of the masses. HPC is the opiate of the !!!!less, who made poor decisions early in life (not buying property) and now wish for the prudent ones, (those who planned properly and bought a house), to suffer so they can catch up.

Remember what I said yesterday Hamish? About hoping if anyone has to hurt from lower house price crashes, it would be people like you?

Prudence does not come into it. Yo uwere born earlier, simple as.

As time goes on, you are getting more and more vocal about your fellow citizens and how you don't want them affording homes. Something tells me your getting more and more worried they will be able to afford homes, and you will no longer be able to cling onto your investment.

Mr_Matey

Graham_Devon wrote: »

Prudence does not come into it. You were born earlier, simple as.

:T
I would've thanked your post, but I don't like the personal comments above and below this one.

My sister (5 years older than me) bought a property straight out of uni before the boom. By the time I'd graduated there was no way I could afford a similar property and hers had probably appreciated by about $100k (AUD). Luck of the draw and all about timing.

I think I was prudent not to purchase a similar property. I think most young people who decide to delay purchasing until prices are affordable are similarly prudent. Those that are rushing in to buy overpriced houses now are the new generation of those making poor decisions in life, getting themselves into negative equity and a lifetime of debt.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Prudence does not come into it. Yo uwere born earlier, simple as.
.

Graham, that is the biggest load of nonsense ever. Home ownership is close to an all time high.

Being born earlier means being born into a time when getting a mortgage was much harder than it was for the last decade, when interest rates were in double digits, when the percentage of disposable income required to service a mortgage was at 70%, not 39% like it is today.

Being born earlier meant buying a house when far less people were able to do so, and working far harder to get on the ladder to begin with, and sacrificing far more to stay on it when you finally got there.

If you think for one second that those of us who bought back in the late 80's or early 90's had it easier than those who bought in the mid 2000's, you are sorely mistaken.

HAMISH_MCTAVISH

Graham_Devon wrote: »

As time goes on, you are getting more and more vocal about your fellow citizens and how you don't want them affording homes.

Not at all. This is just another ad hominem attack you make to try and distract from the argument I am putting forward, which is that with ownership close to an all time high, and affordability almost twice as good as it was in 1990, then home ownership as a percentage of the population has probably gone as far as it can.

Those that are not already owners, either cannot afford to buy, and lets be honest here, ownership has never been affordable for 100% of the population.... Or they are those who neglected to save hard and buy young when they could/should have and now find themselves priced out and trying to catch up through wishing a crash on everyone else.

The Prudent bought already.... The F eckless neglected to do so and now need a crash to catch up.... And The Unfortunates will never buy because they don't earn enough.... WHich is nothing new.

Something tells me your getting more and more worried they will be able to afford homes, and you will no longer be able to cling onto your investment.

Something tells me you're getting desperate because your gamble isn't paying off.

System

HAMISH_MCTAVISH wrote: »

Being born earlier meant buying a house when far less people were able to do so, and working far harder to get on the ladder to begin with, and sacrificing far more to stay on it when you finally got there.

I actually asked my old man about what it was like when he bought his first place at the weekend, he said he could only afford one beer a week and had to drive a Reliant Kitten :rotfl:

FTBers nowadays are definitely not prepared to sacrifice as much as people were in "the old days", I know I certainly wasn't

HAMISH_MCTAVISH

Joeskeppi wrote: »

I actually asked my old man about what it was like when he bought his first place, he said he could only afford one beer a week and had to drive a Reliant Kitten :rotfl:

FTBers nowadays aren't definitely not prepared to sacrifice as much as people were in "the old days", I know I certainly wasn't

When my parents bought in the 60's, they were dual income professionals (teacher and engineer).... They couldn't afford the deposit (gifted from grandparents), they couldn't afford to install central heating for almost a decade, they lived in one room for the first 3 years as that's all they could afford to heat...... They couldn't afford a car, etc.

When we bought around 1990, we couldn't afford the deposit, (gifted from parents), we couldn't afford to decorate the house, we could afford a car, and we could afford to heat more than one room.

We had it better than our parents, but the young of today have it far better than we ever did.