'Want it now brigade'

HelpWhereIcan

http://www.parkerchris.pwp.blueyonder.co.uk/vocationvocationvocation.html

One of the more entertaining things I have seen come from our friends at housepricecrash.co.uk.

No criticism of the sentiments of the video is intended. I actually think it gives some of the arguments for a crash in a clear (albeit entertaining) way. It does ignore some of the anti arguments, but then it would, wouldn't it.

Gotta say that I personally think that people (especially FTBs) should be looking at a house as a place to live not, an investment (or even a highly geared, potentially taxable asset/liability that will be forcibly sold when you get old!! lol).

People looking at Buy to let should remember that it is an investment and subject to the same fluctuations as any other so is therefore a long term one that should be part of a structured portfolio.

That way, we will all be able to withstand the vagaries of any corrections/booms without resorting to leaping from the roofs of our ex council high rise buy to lets!

PoorDave

HelpWhereIcan wrote:

http://www.parkerchris.pwp.blueyonder.co.uk/vocationvocationvocation.html

One of the more entertaining things I have seen come from our friends at housepricecrash.co.uk.

No criticism of the sentiments of the video is intended. I actually think it gives some of the arguments for a crash in a clear (albeit entertaining) way. It does ignore some of the anti arguments, but then it would, wouldn't it.

Gotta say that I personally think that people (especially FTBs) should be looking at a house as a place to live not, an investment (or even a highly geared, potentially taxable asset/liability that will be forcibly sold when you get old!! lol).

People looking at Buy to let should remember that it is an investment and subject to the same fluctuations as any other so is therefore a long term one that should be part of a structured portfolio.

That way, we will all be able to withstand the vagaries of any corrections/booms without resorting to leaping from the roofs of our ex council high rise buy to lets!

Did I almost find my self laughing with the doom-mongers at joyous HPC? Actually, yes. Great little video.

And nice post (above) to stop this and go onto something else, until next week eh vishpatel?!

noyk

charlesworth82 wrote:

house prices may rise and fall but i always see renting as dead money and wished to stop renting ASAP - spent 12k in last 4 years renting.

I've spent the better part of 50k over the last 8 years renting. I don't see it as dead money - it allowed me to live in about 8-9 different places which gave me the flexibility to work where i needed and earn much more than if id stayed in one place. I also feel had i taken on a mortgage 8 years ago (which i wouldn't/coudn't have anyway) that if the same 50k i'd spent on a mortgage, who would it have gone too, mostly the bank in interest payments. Ignoring capital appreciation that has occured in the housing market, i've now got a good deposit saved. I'm waiting too, i've saved hard and i'm certainly not going to put it somewhere it depreciates!