Housepricecrash.co.uk "can seriously damage your wealth"

Turnbull2000

I bet the truth won't go down well again as usual.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=139943&

I have been away for a few months, well more than a few I think it was August / September I last posted.

Up until then I had been following and posting on this forum almost daily since 2007.

Before I joined the site, me and wife moved from our £295k property and took on another 5 year mortgage (Total 8 years) and moved to our current home for which we paid £380k back in 2003.

There were 2 reasons for joining the site, I wanted to buy another property on the coast to which we could retire in around 16 years but rent out from now until then and secondly I could feel things in the economy were not right around mid 2007 and came on here for other opinions, viewpoints, advice etc.

During those 2 and a bit years on here I spent very little money, tightened our belts so to speak and put off the second home purchase, even though either through luck or judgment I have done well from property over the past 20 years and would never have what I have now had I not bought my first home at 22.

There were doomsters on here basically saying the UK was toast and some quoting house price falls in the region of 60-70%, even though my gut feeling was there would be great buying opportunities at 20% below peak prices I could'nt bring myself to buy.

Anyhow I walked away from here mid 2009 and went with my own feelings after making money on banking shares after many here advised against, in November 2009 I bought a pretty run down 3 bed bungalow on the Welsh coast for £190k.
I spent 3 very cold months transforming the place which to date has cost approx £37k.

It was valued in February for £290k, a similar sized bungalow sold for £265k last week, but would need modernising.

Anyhow we are not selling and instead have just signed up a 2 year contract with an elderly couple who have just sold their home and going to rent from us, the rent is covering the mortgage payments and 20%.

This is just my own experience and must say many of the older posters on here gave some really good advice, but too many were doom and gloom and if allowed can really throw your own judgment.

My advice, get out there in the real world and see whats happening, the guys on here who said the government would not let the crash happen were always shouted down, but to be honest they were right.If I had been on here in 2003 and not moved house then, I would never be able to afford it now and would still be looking at a 10 year mortgage now.

System

The site should be open to court proceedings for anyone who has been conned by it.

Graham_Devon

Swings and roundabouts. I bought in 2006, after loads of people telling me if I don't do it soon I never will as prices will simply get too high.

2 years later, I'm sat in negative equity.

You could say I'm not now...which may or may not be true, I haven't had a valuation. But listening to those in the housing market, and also my parents, I jumped in, thinking I wouldn't be able to otherwise, taking their advice, and then lost a load of money, what's more, was stuck having to pay to leave.

It's always a gamble. Simple as really. You got to do what's right for you, not listen to others really. Overall, I'm glad I did it.

aelitaman

The worst poster on their is a chap who calls himself Dr Bubb and is just such a tool it is unbelieveable.

HAMISH_MCTAVISH

aelitaman wrote: »

The worst poster on their is a chap who calls himself Dr Bubb and is just such a tool it is unbelieveable.

:rotfl:

Toooooooooooooooooooooooooooooooooooooooooool

boomerangs

The obsession concerning housepricecrash.co.uk by housepricecrash.co.uk rejects continues....

At some point in your lives you're going to have to put it behind you and move on otherwise it'll continue to eat you up inside. :rotfl:

No wonder they banned the lot of you.

P.S. And on cue housepricecrash.co.uk's most infamous reject appears as if by magic!

nearlynew

aelitaman wrote: »

The worst poster on their is a chap who calls himself Dr Bubb and is just such a tool it is unbelieveable.

It's "there" not "their" you iliterut fool.


And he has got a nice little website of his own, if you're interested .......

http://www.greenenergyinvestors.com/

System

Bruce Banner is the biggest moron, his signature says "If you disagree with me I will ignore you because I can't back myself up"

aelitaman

nearlynew wrote: »

It's "there" not "their" you iliterut fool.


And he has got a nice little website of his own, if you're interested .......

http://www.greenenergyinvestors.com/

You must be Dr Bubb if you are posting links to his website. That is all he does on hpc.co.uk, spam it with links to his so called investment forum. I had a look at it about 18 months ago and all I saw were posts of "but bubb you said the S&P would crash and now we are losing money and having to sell our profitable positions to fund the margin calls, when will the S&P crash?"

Quite sad really.

aelitaman

nearlynew wrote: »

It's "there" not "their" you iliterut fool.


And he has got a nice little website of his own, if you're interested .......

http://www.greenenergyinvestors.com/

Illiterate? ! think is the correct spelling. But being the nice guy I am, I will give you the benefit of the doubt that you just pressed the wrong keys on the keyboard being a novice typist.

nearlynew

Joeskeppi wrote: »

Bruce Banner is the biggest moron, his signature says "If you disagree with me I will ignore you because I can't back myself up"

That sounds just like what McTittish did to me on here.




(he still reads all my posts though)