The Market Astounds me!

nmiah786

poopscoop wrote:

You got to sort your angryness out meanmachine. We all know that you haven't been able to afford a property for a while now. Maybe quite a number of years. So you just come on here posting on threads hoping that your words will somehow make the property market crash. Maybe you should not be so dependent on your job/salary and have done something more enterprising?

Why would FTBers scream for compensation? Are you the government? Are you a lawyer? Why does it bother you? Have you experienced the 90s crash? You hoping they would say "I should have listened to meanmachine?" I don't think so, all the signs are in the media/news/papers everyday as we are in the information age and people can make their own mind from there.

Everyone knows that there will be a downturn at some point, but I wish you would stop writing the same old stuff every day and repeating the press cuttings. Why don't you be a bit more enterprising and do something with your life and not constantly repeat yourself with so much hate. You're not just angry at the property market, but you hate the buyers aswell and like to look down at them with your "I told you so/prove a point" mentality.

Kind regards

OHHH OOOO.....:rotfl:

Cant wait for MM response!!!

MOLLYBRUSH

Eeerm..........did I miss something here. Do you two know each other!???!

meanmachine_2

poopscoop wrote:

You got to sort your angryness out meanmachine.

The word is angriness. Although "anger" would have sufficed.

I don't like to boast about my salary or my investments. The fact is, my money was accrued through hard work, education and knowing how to spell "angriness".

I haven't "made" my money by temporarily riding an asset bubble and thinking I'm the bees knees.

Like all things I do my homework before making an investment. I use my brain.

Had I bought a few years ago, I would have been tied to a mortgage and wouldn't have been able to land the job that I have now, which is well paid and - as you can see - allows me time to post on websites like this one.

The fact that someone like me - who has done the homework - is choosing not to buy into this madness doesn't mean I'm bitter, poor, or stupid. It just means I'm not easily led.

And I'm not angry in any way. I'll be angry when/if the market turns and everyone starts blaming each other.

Then I'll be angry.

poopscoop

meanmachine wrote:

The word is angriness. Although "anger" would have sufficed.

I don't like to boast about my salary or my investments. The fact is, my money was accrued through hard work, education and knowing how to spell "angriness".

I haven't "made" my money by temporarily riding an asset bubble and thinking I'm the bees knees.

Like all things I do my homework before making an investment. I use my brain.

Had I bought a few years ago, I would have been tied to a mortgage and wouldn't have been able to land the job that I have now, which is well paid and - as you can see - allows me time to post on websites like this one.

The fact that someone like me - who has done the homework - is choosing not to buy into this madness doesn't mean I'm bitter, poor, or stupid. It just means I'm not easily led.

And I'm not angry in any way. I'll be angry when/if the market turns and everyone starts blaming each other.

Then I'll be angry.

There you go again picking up on spelling mistakes. Did you know that a lot of dyslexics are more successful than you will ever be? (Lord Harris). Education does not make you the more intelligent then the next person, it gives you a job, which gives you a salary, an employee #, which you are so dependent on. I've been educated but at least I don't have corporate mindset like you, looking down at others because I've had an education and others haven't.

Anyway, regarding property. Why do you constantly think that you are the only person that does their homework? Everyone does their homework before they buy anything which is costly. You are just so gutted because you cannot afford. A lot of people cannot afford, but they don't constantly post about a downturn.

Regards

meanmachine_2

Look, let's not turn this into a personal bun fight.

You attacked me personally claiming I was bitter and too poor to buy, and that's why I believe housing is overvalued (like the Bank of England does too).

I was merely correcting you and pointing out that I'm successful in my own field and take an objective view of property.

That one differs from yours.

Simple as that.

Let that be the end of the matter.

Oh and my apologies - angriness isn't even a word, so I shouldn't have corrected your spelling.

MOLLYBRUSH

Anybody got anything relevant to add to this topic as I think mods will close it if it carries on like this?

poopscoop

meanmachine wrote:

Look, let's not turn this into a personal bun fight.

You attacked me personally claiming I was bitter and too poor to buy, and that's why I believe housing is overvalued (like the Bank of England does too).

I was merely correcting you and pointing out that I'm successful in my own field and take an objective view of property.

That one differs from yours.

Simple as that.

Let that be the end of the matter.

Oh and my apologies - angriness isn't even a word, so I shouldn't have corrected your spelling.

"The quality of being angry"

I think the majority (and I) know that the market is overvalued, but we just get on with life.

I don't have a problem with your view of property. Many share the same view, even I agree with your points. But it's the way you put them across and repeat yourself like you're above everyone else.

Regards

nmiah786

MOLLYBRUSH wrote:

Eeerm..........did I miss something here. Do you two know each other!???!

NO!

What gives you that impression. I just enjoy reading post from regular folks on here, including meanmachines posts. From what poopscoop wrote, I was quite certain meanmachine would respond with a interesting read!!!

Thanst all!!:cool:

mystic_trev

meanmachine wrote:

but you can be sure that we'll have recent FTBers screaming for compensation, claiming no one warned them.

Oh how true - but I think it's more likely to be the “Johnny come lately” BTL’er who’ll scream foul!

I had the good fortune to be able to retire (ten years ago) at the age of 40. To provide sufficient funds for my retirement I invested in a broad range of different things including two “Residential Property Investments” or BTL as it’s now called! I invested for Income and cap app – assuming property would double in the 20 years I would hold said properties. Now, ten years latter, I find one is worth nearly four times what I paid for it and the other nearly three times. The initial yields were just over 10% which makes them around 3% if I’d purchased them now! Although I’d dearly love to keep them, I’ve now decided to flog them when the tenancies come up for renewal and pay the CGT.Now every Tom,!!!!!! and bloody Harry seems to have decided to enter the BTL market. Not for Income, but for a misconceived idea that House prices can only go up!!! You can see some of these on this forum. Many are MEW’d up to their eyeballs and have bought these “Investments” using their homes as security. When the crash comes (as it eventually will) not only will these people lose their “Investment property” but also their homes! I can’t wait for the “It’s all gone wrong so somebody else must be to blame” Syndrome to start. They’ll all be rushing off to Solicitors to sue the Banks and Building societies for lending them money they can’t afford to pay back!

poopscoop

mystic_trev wrote:

Not for Income, but for a misconceived idea that House prices can only go up!!!

That is so true, if you don't have more money coming in then going out then you are finished (in any business). Don't play lost leaders