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And another bear bites the dust... mbga9pgf's epiphany....

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
mbga9pgf----
Guys, gals, I had a bit of a moment of clarity today. In other words, I am throwing in the towel and have more or less given up all hope of owning a home in the UK. Reasons? Well, I have been doing a lot of thinking of late, having hit my 100K stirling savings target.

For a start, I simply could not believe the extent to which the government went to not only prop, but effectively boost, UK house prices. Quite frankly, I am disgusted. Not only this, I latched onto something today which I cant get out of my mind.

The housing market can self-sustain for a long, long time without a single first time buyer entering the market.

The market, having been killed off to first time buyers, is simply surviving off reduced transactions between boomers downsizing, and middle incomers, upsizing. They dont need first time buyer entrants, as they have just enough mobility and lending to support this. Those at the middle tier looking to upsize have significant equity and can easily do so, at massively reduced interest rates. The boomers can downsize easily still and live off the profits. Sickening. The trouble is, this situation potentially could go on for another 15 years.

Secondly, not ony has my spending power been destroyed internationally, but my taxes are being used to hold back the wall of unemployed homeowners sat in their homes. over 220K last count, through mortgage interest support schemes. Unless the government decide they can afford to re-house these families once they are reposessed, what will stop them rolling over this scheme? Its costing 'only' 1.4 billion estimated a year, they arent going to go and cut this scheme just to make my generation happy. Its going to get rolled over, because thats the cheapest thing to do.

Overall, I am completely gutted and quite frankly exhaused from work, from going over this time and time again. My wife is getting pretty p*ssed off too, so, I have decided, we need to move. I will be trying to get transferred overseas with work at the next opportunity, and when I do, I wont be coming back.

F*ck the UK and all those sycophants that have destroyed it from within.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=139949

Finally. He gets it. (partially anyway)

There will be no second crash.

It's over.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

Belief in myths allows the comfort of opinion without the discomfort of thought.”

-- President John F. Kennedy”
«13456733

Comments

  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    What a shame, the UK will really miss such a nice personality.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    I honestly don't understand what McTittish and muppet boy are celebrating here.


    Can anyone shed some light.......?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein

  • There will be no second crash.

    It's over.


    Doesn't this contradict your other thread today?

    Just a thought.
    Not Again
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139949

    Finally. He gets it. (partially anyway)

    There will be no second crash.

    It's over.

    He joined May 2005.

    5 long years on the road to nowhere.

    When will they all learn? :D
    If I don't reply to your post,
    you're probably on my ignore list.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Oh look out........


    Columbo-llox has joined in.



    (I still don't know what they're on about though)
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 1 April 2010 at 10:49PM
    Rinoa wrote: »
    He joined May 2005.

    5 long years on the road to nowhere.

    When will they all learn? :D

    :rotfl:

    Never, hopefully.

    I'm counting on it for many years of free entertainment and a daily dose of shadenfreude.
    :beer:
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    :rotfl:



    I'm counting on it for many years of free entertainment and a daily dose of shadenfreud.:beer:


    I love it.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nearlynew wrote: »
    I love it.

    More than you love rewired?

    (And yes, I'll leave you off ignore if you continue being semi-civilised)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Rinoa wrote: »
    He joined May 2005.

    5 long years on the road to nowhere.

    When will they all learn? :D

    He's succesfully saved 100k over those 5 years.

    Would hardly call that the road to no where.

    Pretty sad thread IMO. Leaves a bad taste in the mouth. Celebrations that someone who has tried so hard, and done their best to support themselves instead of relying on debt, has given up....uncalled for really. Expected though, I guess.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    More than you love rewired?

    (And yes, I'll leave you off ignore if you continue being semi-civilised)


    In my eyes......

    rewired is number 1
    you are number 2


    anyway..............

    I'm so glad we're talking again.


    Can I go back to calling you McTw@ish?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
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