Why I Love House Prices Crashing

shakerbaby

Anyway to bring the thread back on track what 3 positive can you see from the house of cards collapsing and house prices crashing?

stuartm1

1. More greedy estate agents getting less commission :j:j:j
2. People having more money in their pockets which can be saved or spent in the UK economy (instead of the banking sector)
3. Kids not having to live with their parents until they're 40 or more

michaels

I give up:

there are no more houses
there are no more houses
there are no more houses

Think about it

Thrugelmir

1. People will learn to save and manage their financial affairs again.
2. People will learn that there's more important things in life than how much a property is worth.
3. We shall invest in areas that create real than illusory wealth.

( 4. No more boom and bust. :eek:)

Thrugelmir

shakerbaby wrote: »

So the patient prudent savers aren't suffering? :rolleyes: Why should the gullible impatient and indebted always be bailed out? They made their bed they can lie in it. :eek:

Savers now can get rates that exceed inflation. So why the issue?

Really2

shakerbaby wrote: »

Okay folks time for a little something to cheer us all up on a slow Wednesday afternoon. Name your 3 top reasons why you just love house prices crashing.

You may want to find something else to love.:)

HAMISH_MCTAVISH

shakerbaby wrote: »

So the patient prudent savers aren't suffering? :rolleyes: Why should the gullible impatient and indebted always be bailed out? They made their bed they can lie in it. :eek:

The "patient prudent savers" don't look so prudent now though.......;)

tesuhoha

shakerbaby wrote: »

So the patient prudent savers aren't suffering? :rolleyes: Why should the gullible impatient and indebted always be bailed out? They made their bed they can lie in it. :eek:

You may be patient but your greed is the same. You want everything that every other house buyer seems to want. A decent house that will rise in price once you have bought it so that you can sell it at a profit and buy an even better house. Either that or you want 'an investment' in property and you want to make money.

The very people who are in negative equity were exactly the same as yourselves a few years ago, first time buyers who were hoping to buy a house. Its all very well to gloat and to call them gullible in hindsight but I wonder what you would have done in the same situation.

I hope you come unstuck, I really do.

b0rker

95% of the people on here who claim that people who bought in the past 2 years were gullible were only saved from buying themselves during that time due to their inability to save high enough of a deposit.

There is nothing prudent about that. It was purely good fortune.

The other 5% were smart enough to see the market for what it was at the time yet I'm sure that they wouldn't dream of gloating quite so much if at all...

nearlynew

b0rker wrote: »

95% of the people on here who claim that people who bought in the past 2 years were gullible were only saved from buying themselves during that time due to their inability to save high enough of a deposit.

But the point is, up until recently, poeple didn't even need a deposit.

It was cheap and easy credit and the proliferation of 100% and even 125% mortgages that is partly to blame for the collapse we are seeing now.