450k for a three bed flat-madness ! Now these people face ruin.

JanCee

dopester wrote: »

Idiots such as these were part of the problem buying at ever higher stupid prices back then and earlier still, and so they've personally harmed my own circumstances. Their buying at higher prices forced up prices of all similar property in the area.

How can people buying overpriced executive flats in London possibly have personally harmed your own circumstances? If their buying at higher prices forced up the prices in the area then why have the prices of the flats dropped so much that they can no longer afford to buy them?

Sorry but that part of your post makes no sense.

Graham_Devon

Cleaver wrote: »

Now you're going the other way.

These people aren't rapists, murderes or criminals. And most of them probably won't be greedy, in the sense of how we're all thinking. As you've rightly pointed out, they've maybe just listened too much to media and popular opinion, wanted a nice house, thought that it couldn't really go wrong and bought one.

Assuming that they are all greedy, shallow and vacuous would be really unfair (although I'm sure there are a few amongst them), they are probably just people who wanted a place to live and didn't do the research or enough thinking about 'what ifs?'. Shame really, but there we go. I bet they all have nice bathrooms and kitchens, so they'll just have to enjoy them for a few years longer.

Ok, how about a comprimise. It's not their fault they are greedy little cretins

Know what I'd have done? Bought a 3-4 bed house

Must make mor posts in this thread either way, get a lot of thanks here

kriss_boy

The reality is that thousands of people have made a killing in recent years at the expense of others.

Watch any episode of any property programme and you'll see clueless numpties buying for 200K, spending 50K on it and selling it for 350K. And thats just the ones they caught on camera.

My brother bought his first place for 60K, put a 20K extension on it and sold it 3 years later in early 2008 for 140K.

Its not fair but thats life.

My generation will have to pay their mortgages off the hard way- by repaying them.

fc123

Graham_Devon wrote: »

Ok, how about a comprimise. It's not their fault they are greedy little cretins

Know what I'd have done? Bought a 3-4 bed house

Must make mor posts in this thread either way, get a lot of thanks here

........but, after a bit of research, your 3/4 bedder probably wouldn't have been in Woolwich in the end.

fc123

kriss_boy wrote: »

My generation will have to pay their mortgages off the hard way- by repaying them.

That's what the previous generation did too...most of them. Not all 40/50 somethings rode it up on the back of equity gains in their homes.

Mind you, I know some who mewed a lot of ot out which doesn't look like such a good move now.
Some did benefit as they started businesses that may not have happened otherwise, but, on the whole, the gains have been spent or lost by most so we are all back to square 1.

StevieJ

chewmylegoff wrote: »

got moved sideways into the department where my employer sends the people it wants to leave, but can't find a way of sacking. thank god.

That will be special projects.

fc123

Just to cheer Graham Devon up (cos he sounds like he needs a bit of a lift at the mo) your generation have access to information that we never had.

This is the biggest change to affect peoples lives for a generation.

Access to anecdotal, facts and figures, old archive material at the click of a mouse (trite I know but couldn't think of other words to say what I wanted to say) that helps you make decisions.

The only snag is if the leccy runs out or gets cut off....then the laptop won't work and as long as the broadband can get to your PC.

You, like myself, take it for granted that anything one wants to research can be done just like that. Can you imagine what it was like in the olden days when we just had to weigh things up and jump...or not??

It was hard.

sleepyj

fc123 wrote: »

ake it for granted that anything one wants to research can be done just like that. Can you imagine what it was like in the olden days when we just had to weigh things up and jump...or not??

It was hard.

Very true, of course the flipside is that ignorance is bliss

For without the internet I would have never have heard the thoughts of a certain McTavish

dopester

Graham_Devon wrote: »

The art of the developers and the people on here ramping things up, selling to a fresh generation who didn't know much, apart from what they saw on the news. Being urged to spend, do it now, or you will never do it.

Cleaver wrote: »

And your quote "fesh generation who didn't know much" is rubbish. Each generation tends to know as much or as little as the last generation. You're buying a house for christ's sake, do a bit of research.

You're both wrong, but Graham a lot more so. With him trying to excuse a fresh generation of not having enough information or education to make rational decisions.

Do we physically force these people to learn stuff which might actually benefit them? The 'fresh' generation has the opportunity to learn and enjoy so much history. It is freely available to them. More so than it was to all the generations before them.

Instead we've sort of brought through generations who care more about their own immediate self-needs and immediate gratification with consumerism. So many braindead TV shows of no real value apart from cheap entertainment.

People who aren't interested in the past. Maybe partly due to Gordon, a man still in high-office, repeatedly having claimed to have ended boom and bust, bringing about the same old mistake... a belief current economic conditions and prosperity was always going to be permanent.

There is much evidence that human expectations tend to be linear. Most of the time, most people expect current conditions to continue for the indefinite future. This is why cities are built on floodplains and fault lines. A similar presumption makes the gambler double his bet or the farmer plant additional crops on reclaimed land after a good harvest.

Wherever prosperity exists, it is natural for people to expect prosperity to continue. For this reason, much of the history of human society is a record of astonishment.

Time and again, people have marginalised their affairs, rendering themselves increasingly crisis-prone. They have gone into debt, extending claims on resources to an extreme that could be supported only if current conditions were sustained uninterrupted into the future. Time and again these hopes have been disappointed.

Cleaver

dopester wrote: »

You're both wrong, but Graham a lot more so.

Yessssss!!!!!!!!!! In your FACE Devon.