Rightmove December, down as expected.

Graham_Devon

HAMISH_MCTAVISH wrote: »

It's a family tradition.;) They also got a deposit from their parents, etc.

Thankfully I don't have children. So I get to blow the lot and not worry about it.

I have no issue with parents helping their children. I have a big issue with parents expecting me, the taxpayer, to help them pay for the kids they can't afford to have, but have anyway.

Benefits are theft. Brats are not wealth. etc....:rolleyes:

Ok.

Just find it slightly, shall I say "annoying" that you would tell others to get off their lazy bums and work harder.

Yet you were privaliged from the outset, and it one of the reasons you sit where you do now, family tradition or not, it doesn't entitle you to look down your nose at those less fortunate.

Emy1501

HAMISH_MCTAVISH wrote: »

Well, I lose 120K in asset value, which is slightly different.... The assets themselves remain in my posession, and it would take a 75% drop for me to be in NE overall, so no worries there either.

But overall, yes, it really is that simple.

Like any other holder of assets, I don't want to see them devalued, and luckily, due to where I live, they haven't been very much at all.

It doesn't make much difference in the long run, as I still have a decade or two of HPI to look forward to, but it is annoying.

This is what I don't get with you. In the short term falls of 20-30% make no difference to you as you will not be cashing in your investments for up to 20 years. Therefore with the money you claim to have and strong beliefs about HPI, I would assume that a 20-30% fall in the short term would be a good thing so you could buy up a couple more properties which would treble or more by time you retire.

The fact you spend so much time on here and used to on HPC suggests something is not right.

HAMISH_MCTAVISH

DaddyBear wrote: »

One thing I really don't get is that you are clearly in property for the long-term investment.

True. And actively discourage people from considering property as anything but a long term investment.

So why do you spend so much of your time studying the short-term changes in the market and trying to ramp it on a daily basis. Do you really have so little in your life?

Because I like to argue.

And as I'm quite bullish on UK property, and the case for property is so easily proven, arguing with property bears on house price boards is more fun than the alternative..... arguing with Christians on religion forums..... as even though I'm an athiest, proving that case is somewhat harder.;)

Harry_Powell

HAMISH_MCTAVISH wrote: »

Well it's obviously not precise as I can't be bothered checking exact current balances for a post that you probably won't believe anyway. It's close enough to get the point across and not divulge exact details which change monthly anyway, as savings increase, investment returns fluctuate, the mortgage gets paid down, the house prices go up or down, etc.

The point, which you have conveniently missed, is that anyone with property, even a modest mortgage, and considerable savings, can still be better off with low rates than high ones.

Would you care to dispute that? Or do you now withdraw your allegation that anyone cheering on low rates must have big debts and no savings...;)

I said in my post that I believed you. I, myself, am a rich individual with my villa overlooking Mare Tranquillitatis.

However, with my erm £100K+ saving (I say 'erm' because I can't remember how much I'm worth, so hard to keep track of it all dontcha know) and erm, £100k investments I'd welcome higher interest rates because I have a low mortgage and high level of savings and therefore I stand to gain more by higher interest rates. That's just me though, me and my cash that I hug at night in my lonely mansion, all by myself.

HAMISH_MCTAVISH

Emy1501 wrote: »

This is what I don't get with you. In the short term falls of 20-30% make no difference to you as you will not be cashing in your investments for up to 20 years. Therefore with the money you claim to have and strong beliefs about HPI, I would assume that a 20-30% fall in the short term would be a good thing so you could buy up a couple more properties which would treble or more by time you retire.

This is what I don't get with you. Why the urge to assign motive that simply isn't there?

Why would I want more properties? I am not a landlord, don't want to have the hassle of dealing with renters, I'm just not interested in BTL, so I'm not going to take on any more mortgages, particularly not at current BTL rates.

I am looking at another property just now, but it's a ruined old cottage in the highlands, would be a sub 50K cash purchase, a possible retirement place or holiday bolthole, and I'd fix it up over time with no debt.

The fact you spend so much time on here and used to on HPC suggests something is not right.

!!!!!!, I like arguing!!!!!! It's recreational for me. It's not that difficult to understand.

I am based from home, work long hours, and am usually online anyway. This is stress relief. A typical post takes a couple of minutes to make or less. Even if my post count nearly doubled to 10 or more a day, it's a small amount of time from a 12 to 15 hour work day.

Other people have tea breaks. I post on MSE. Same total time per day.

Harry_Powell

HAMISH_MCTAVISH wrote: »

!!!!!!, I like arguing!!!!!! It's recreational for me. It's not that difficult to understand.

I am based from home, work long hours, and am usually online anyway. This is stress relief. A typical post takes a couple of minutes to make or less. Even if my post count nearly doubled to 10 or more a day, it's a small amount of time from a 12 to 15 hour work day.

Other people have tea breaks. I post on MSE. Same total time per day.

Nah, this doesn't wash. It's more than just enjoying a debate. There is an almost hysterical tone to your postings, indeed a religious tone where you're doing your best to talk up the housing market. This all comes across as an over-leveraged individual frantically trying to improve his finances by talking up an asset class that he over invested in.

If you really did have a large portfolio of pension funds/shares and savings as well as property you'd be on the pensions and savings boards just as much as you are on here, talking about how to improve those investments. And your ideas on the benefits of low interest rates would not play well there.

Sorry, but you focus soley on HPI and on low interest rates. That in itself is enough to tell me that you focus on these because you have a large mortgage on a property that was hit hard by the HPC and have very little in the way of pensions, investments or savings. Logic, innit?

HAMISH_MCTAVISH

Harry_Powell wrote: »

Logic, innit?

As you've managed to come across as only bitter and resentful so far, I'll give you a chance to redeem yourself.

Try answering the question you're swerving around..... and the many illogical points you raise.

With a mortgage of around 150K, and savings of around 100K, which is better, low interest rates or high ones?

If I wanted to talk up the housing market, would I not pick a forum with more than 30 posters? For that matter, how can posting on any forum, here, hpc, etc possibly impact a housing market with nearly 60,000 mortgage approvals, and almost 90,000 transactions per month? Are you deluded enough to think your posts here or on hpc make the slightest bit of difference to the market?

How does bank base rate impact a pension fund invested in equities?

Why would I want to argue with people about savings products? Surely those boards are for advice, not debate?

Harry_Powell

HAMISH_MCTAVISH wrote: »

As you've managed to come across as only bitter and resentful so far, I'll give you a chance to redeem yourself.

Try answering the question you're swerving around..... and the many illogical points you raise.

With a mortgage of around 150K, and savings of around 100K, which is better, low interest rates or high ones?

If I wanted to talk up the housing market, would I not pick a forum with more than 30 posters?

How does bank base rate impact a pension fund invested in equities?

Why would I want to argue with people about savings products? Surely those boards are for advice, not debate?

Where are your £100k savings held, what funds are your £100k pension invested in?

Why do you know your mortgage amount, yet talk in vague '5 figure sums' in your pension and savings? How much have you actually got in savings and pension (to the nearest £1k would suffice).

bernard_shaw

Harry_Powell wrote: »

I said in my post that I believed you. I, myself, am a rich individual with my villa overlooking Mare Tranquillitatis.

Amazing! My house overlooks Mare Tranquillitatis too.

Harry_Powell

bernard_shaw wrote: »

Amazing! My house overlooks Mare Tranquillitatis too.

Howdy neighbour!!