FTB's to struggle until prices rise....

HAMISH_MCTAVISH

Joeskeppi wrote: »

You should put that in your sig to save explaining it countless times.

Yes, the ad hominems are getting tiresome.

Trying to distract from the truth of price rises by attacking the posters making them.

"Oooh, you must be desperate."

"Oooh, you must be in Nequity".

"Oooh, you bought at peak".

:rotfl:

Makes not the slightest bit of difference to them that these statements are false or irrelevant, 'tis merely a technique for diverting attention away from how wrong the bears have been.

Playground nonsense, perpetrated by idiots on the wrong side of the argument and desperate to distract and obfuscate.

Still, the frequency of Hamish attacks rises in direct proportion to house prices, so it's always a good sign that the bears are getting desperate.

HAMISH_MCTAVISH

Deleted_User wrote: »

Out of interest, if you'd had a crystal ball and had known that house prices were about to drop what would you have done? You presumably had responsibility for an elderly relative in need of a home and you only owned one home at that time.

I'm just wondering if you'd be better of financially had you been able to predict what would happen?

If I had a crystal ball, I would have done two things differently in 2007.

I'd have bought two houses instead of one, whilst the mortgage funds were so cheap.

I'd also have paid the extra fees for a lifetime tracker, instead of a tracker reverting to a capped SVR. (which is still better than the best rates today, but not as good as it could have been)

in the big scheme of things what you buy and sell property for becomes pretty insignificant when you look back at it.

Thats exactly the point.

The difference between buying at peak in 1990, and at trough in 1996, is about 10% to 13% for most people based on national averages. Balanced against 6 years of rent, it doesn't remotely make sense.

In terms of gains, it's the difference between making 300%, and 287%, but putting your life on hold for 6 years to do so, and wasting a fortune on rent in the meantime.

Every time one of these bears comes along frothing about a 6 year crash, or buying at peak, or some other nonsense, you just can't help but think there's a village missing it's idiot somewhere....

HammerSmashedFace

HAMISH_MCTAVISH wrote: »

:rotfl:

I bought one property in 1990. It has since appreciated by 400%, and I paid the mortgage off on it a few years ago. It is now lived in by an aging relative who we let live there rent free. Had I waited 6 years, I could probably have bought it for 10% less, but it would have cost me 6 years of rent at 6% plus of the price per year to do so. A 36% extra cost for a 10% saving would have been rather foolish.......

I bought the second property, which we live in, in 2007. It has since appreciated by a few percent, as of the latest RoS actual sold price averages. Additionally, it was on a tracker so I've paid very little in interest. Renting the same property for the same timeframe would have wasted almost £40K, versus appreciation of around £7K on the value of this one.

In both cases, we bought when we did not because of trying to time markets, (that would be foolish and expensive), but because we happened to need a house at the time, and believed buying would be far cheaper than renting. In both cases we were right.

I am living proof that you can buy at peak not once, but twice, and still end up vastly ahead of renters financially.

I thanked this post, god what is up with me, I need my medication:D, no seriously, if that is what has happened, it can't be argued with. Gratz mate.

HammerSmashedFace

HammerSmashedFace wrote: »

I thanked this post, god what is up with me, I need my medication:D, no seriously, if that is what has happened, it can't be argued with. Gratz mate.

Just to say, don't think I've turned bull:D, I still and will always believe that a neverending house price spiral may be good for certain individuals, but as a whole society is suffering hugely, to the the point that ironically the only way to elay the pressure is to keep forcing prices up.

There is an endgame to all this, I believe we reached it in 2007 when banks collapsed under the weight of over-valued property and the inability to pay for it. What has happened since is 'reinflate at any cost' policy, I think it's going to come undone big time in the medium term it's just a matter of time now as the last set of cards have been played, my opinion of course.

mr_fishbulb

HAMISH_MCTAVISH wrote: »

Makes not the slightest bit of difference to them that these statements are false or irrelevant, 'tis merely a technique for diverting attention away from how wrong the bears have been.

Playground nonsense, perpetrated by idiots on the wrong side of the argument and desperate to distract and obfuscate.

It's a bit hypocritical citing "playground nonsense" if one of the reasons you have for posting on here is to bring attention to how wrong the bears have been.

Sir_Humphrey

If you look at the Nationwide regional HP figures for Scotland, you would see:

a) Scotland had a relatively modest boom in the late 1980s (it was mainly a London/South East phenomenon).
b) The crash lasted far less time in Scotland, with the bottom in Q1/Q2 1990 (when Hamish bought).
c) The boom was smaller in the 1980s.

nearlynew

HAMISH_MCTAVISH wrote: »

:rotfl:

I am living proof that you can buy at peak not once, but twice.........

I have said this a few times about McTittish.

Quoting it almost word for word is proof that he reads all my posts, despite saying that he has me on ignore.

What a t1t.

System

nearlynew wrote: »

I have said this a few times about McTittish.

Quoting it almost word for word is proof that he reads all my posts, despite saying that he has me on ignore.

What a t1t.

You keep saying it, but still no one cares

Edit: Except rewired obviously.

HammersFan

nearlynew wrote: »

I have said this a few times about McTittish.

Quoting it almost word for word is proof that he reads all my posts, despite saying that he has me on ignore.

What a t1t.

Why resort to personal abuse just because your opinion differs? It shows ignorance of the highest order.

HammersFan

carolt wrote: »

No - I don't want to buy at the moment.

And prices rises are not - I know this will shock you - caused by the witterings of a small group of self-appointed 'experts' on an obscure internet forum.

I know you'd like it if it was true.

But - whisper it - what the bulls say or want doesn't actually have any impact on house prices at all. :eek:

I hope you recover from that very, very tragic news.

In other words...in the absence of having a decent reasonable response, attempt to patronise the poster. A lot.

A real credit to all bears (that's irony BTW).