Boiiiiiiiiing

DaddyBear

Cleaver wrote: »

Actually I was going for this

HAMISH_MCTAVISH

DaddyBear wrote: »

Hamish started it

Did not......

IveSeenTheLight

ruggedtoast wrote: »

I wish you lot would stop replying to this !!!!. If no one bothered he'd go off and find another site to troll.

I don't believe he is a troll.
He backs up his thoughts and opinions with facts which are open to be interrogated and discussed.

For me a troll is someone who spouts garbage without facts to back it up or uses ascii face palm images etc

Anyone who keeps posting links and facts for open discussion is fine by me.

sKiTz-0

See I come on here trying to find some useful info and intelligent debate about house prices. I am a single 26 year old, get paid £16,000 a year and am desperately trying to scrimp and save to get a foot on the property ladder. I live at home with my Dad and pay him rent. I have had to work 2 jobs >60 hours a week for the past 2 years to get myself out of debt. Due to rising cost of petrol/everything and stagnation in wage increases (i.e. not one increase in 2 years!!) I am getting poorer and poorer year by year and have been priced out of my second job (it figured out around £2.20 an hour after all deductions/expenses and got worse the more petrol cost) As house prices rise and rise they just get more and more out of my reach. The state the economy is in all the companies are trying to get away with paying everybody peanuts, so trying to get a pay rise or a decent job is nigh on impossible. I would be better off by shacking up with someone, popping out a few kids, and sitting on my backside watching Jeremy Kyle on my plasma tv while my children run riot outside and the government pays my rent in my big fat council house. No wonder this country is in such a state. What is it going to take until somebody in the government wakes up to reality, stops all this benefit society garbage, enforces wage increases that match inflation and get house prices back in line with affordability and cap house price increases at the rate of inflation?? Never I think. So I am currently toying with the idea of emigrating to anywhere (haven't studied enough into options available to be anywhere near choosing where yet)

Anyway, my original point before the rant was that I come on this board trying to find some useful info, and just end up spending 90% of my time reading b!tching about bears and bulls and petty name calling and insults.

Can we please call it a day and get some useful information on here instead of making me sift through this rubbish. All I'd like to know is when can I finally get some independance and have my own roof over my head instead of being miserably enslaved into this overworked/underpaid rut where I am essentially renting a room in somebody else's house? I don't want a life where I'm chained to debt and getting deeper into debt every day, tax rises this, spending cuts that. I think something has to come crumbling down soon. And the fallout is gonna be MASSIVE

MiserlyMartin

HAMISH_MCTAVISH wrote: »

Almost as hilarious as your lack of a house......

Hamish!!!!

You are not still here posting your rubbish are you? Put a bloody sock in it. The game is over.

MiserlyMartin

sKiTz-0 wrote: »

I don't want a life where I'm chained to debt and getting deeper into debt every day, tax rises this, spending cuts that. I think something has to come crumbling down soon. And the fallout is gonna be MASSIVE

This is basically the bottom line. It will crumble. What we are seeing is the biggest housing price prop in history at work right now. Things will correct eventually sometime after these props are removed- interest rates return to long term average etc etc. I have sympathy for your situation. The trouble is you will always have these debates/arguements between those who bought into the boom and want to be proved right for their own reasons and those who could see what was happening and stayed home. Unfortunately there are those such as yourself who just want a house to live in now and are caught in the crossfire. Have faith, the market will correct. It always does eventually.

madeupname1

sKiTz-0 wrote: »

All I'd like to know is when can I finally get some independance and have my own roof over my head instead of being miserably enslaved into this overworked/underpaid rut where I am essentially renting a room in somebody else's house? I don't want a life where I'm chained to debt and getting deeper into debt every day, tax rises this, spending cuts that. I think something has to come crumbling down soon. And the fallout is gonna be MASSIVE

Personally, I think its foolhardy to try to play the markets, especially if you are essentially looking to buy a home to live in. My view is that you should keep doing what you are doing to save up money to buy your own home. If there comes a point when you can afford it (either because the market has crashed or because you have managed to get yourself into a position where you have raised sufficient cash) go for it. The key point for any individual is AFFORDABILITY with a reasonable cushion in case things take a turn for the worse. I have been a homeowner for a while now. The first time round I bought at the bottom of the market. The next time at the top. However, it really doesn't matter much provided that you can afford to pay your mortgage from month to month.

And by the way, I note that you say that you "don't want a life where I'm chained to debt". Unfortunately, thats what a mortgage is for most!

HAMISH_MCTAVISH

MiserlyMartin wrote: »

The game is over.

It sure is. For the crashaholics......:beer:

Prices up 10% from trough.

New incentives for FTB's.

No significant falls this winter.

Some areas already back to peak, many more getting close.

The crash is over. Give up already.

MiserlyMartin

Just a dead cat bounce/crash interruption caused by lots of props. It will resume.

DaddyBear

sKiTz-0 wrote: »

See I come on here trying to find some useful info and intelligent debate about house prices. I am a single 26 year old, get paid £16,000 a year and am desperately trying to scrimp and save to get a foot on the property ladder. I live at home with my Dad and pay him rent. I have had to work 2 jobs >60 hours a week for the past 2 years to get myself out of debt. Due to rising cost of petrol/everything and stagnation in wage increases (i.e. not one increase in 2 years!!) I am getting poorer and poorer year by year and have been priced out of my second job (it figured out around £2.20 an hour after all deductions/expenses and got worse the more petrol cost) As house prices rise and rise they just get more and more out of my reach. The state the economy is in all the companies are trying to get away with paying everybody peanuts, so trying to get a pay rise or a decent job is nigh on impossible. I would be better off by shacking up with someone, popping out a few kids, and sitting on my backside watching Jeremy Kyle on my plasma tv while my children run riot outside and the government pays my rent in my big fat council house. No wonder this country is in such a state. What is it going to take until somebody in the government wakes up to reality, stops all this benefit society garbage, enforces wage increases that match inflation and get house prices back in line with affordability and cap house price increases at the rate of inflation?? Never I think. So I am currently toying with the idea of emigrating to anywhere (haven't studied enough into options available to be anywhere near choosing where yet)

Anyway, my original point before the rant was that I come on this board trying to find some useful info, and just end up spending 90% of my time reading b!tching about bears and bulls and petty name calling and insults.

Can we please call it a day and get some useful information on here instead of making me sift through this rubbish. All I'd like to know is when can I finally get some independance and have my own roof over my head instead of being miserably enslaved into this overworked/underpaid rut where I am essentially renting a room in somebody else's house? I don't want a life where I'm chained to debt and getting deeper into debt every day, tax rises this, spending cuts that. I think something has to come crumbling down soon. And the fallout is gonna be MASSIVE

Pretty accurate post. Unfortunately labour has chosen to bail out it's banking chums and to keep asset prices artificially high.
They are slowly removing the incentive to work and society is deteriorating as a result with record numbers dependent on benefits, many of whom have no intention to work.
Home ownership is no longer an option for low to middle earners that don't have access to the bank of mum and dad. The wife and I are both doctors and are struggling to afford a decent family home, so god knows what it's like for average earners.
It could have been so different. House prices should have been allowed to fall to their natural level, but this is to be prevented at all costs.
Emigration is the only answer for many. UK PLC is corrupt and bankrupt, and unless you are in the top 5% of earners life will be a struggle.