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

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Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nearlynew wrote: »
    I'm so glad we're talking again.


    Can I go back to calling you McTw@ish?

    Sure, why not.

    Besides, I'm running out of bears to argue with, now that they're all giving up on the crash.:D
    “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”
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The housing market can self-sustain for a long, long time without a single first time buyer entering the market.

    This is what you're opening a bottle over? The fact that many people potentially may not be able to settle down and start a family...yeah let's go crazy for that!
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    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.

    He didn't need to try. He could easily have bought in 2005.

    Instead he joined HPC hoping all those who had bought before would lose their equity so he could neatly step in and take advantage.

    His strategy didn't work so he now blames everybody else for his failure to read the maket.

    I have little sympathy.
    If I don't reply to your post,
    you're probably on my ignore list.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Rinoa wrote: »
    His strategy didn't work so he now blames everybody else for his failure to read the maket.
    .


    Is that what you did champ ............ ?



    .......... "read the market"
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    edited 1 April 2010 at 11:13PM
    nearlynew wrote: »
    Is that what you did champ ............ ?



    .......... "read the market"

    Better than you Nearlytroll.
    If I don't reply to your post,
    you're probably on my ignore list.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Rinoa wrote: »
    He didn't need to try. He could easily have bought in 2005.

    Instead he joined HPC hoping all those who had bought before would lose their equity so he could neatly step in and take advantage.

    His strategy didn't work so he now blames everybody else for his failure to read the maket.

    I have little sympathy.

    Precisely right.

    He could have bought in 2005 on a great rate and overpayed the 100K since, prices now are back to late 06 or early 07 on average, so he'd have capital gains too, and be on a far better rate than is available today.

    There's a moral to this story somewhere, but I'm too lazy to bother pointing it out.:D
    “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”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nearlynew wrote: »
    Is that what you did champ ............ ?

    Gosh, that sounds like someone familiar........

    You're not interested in Edinburgh house prices by any chance are you?
    “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 didn't need to try. He could easily have bought in 2005.

    Instead he joined HPC hoping all those who had bought before would lose their equity so he could neatly step in and take advantage.

    His strategy didn't work so he now blames everybody else for his failure to read the maket.

    I have little sympathy.

    Not everyone wants to stick a debt noose around their necks. Some people prefer to go and earn, save, and then buy. It's called the ultimate security, it's called providing for yourself. It also allows you a much better life, paying the actual price of the house, not double the price of the house due to interest.

    To be honest, I don't give two hoots whether you have little sympathy. No one was asking for it.

    Celebrations and sympathy are two different things though.

    What you haven't grasped on to is that 100k is likely to be taken out of the country, not used to bolster up your precious HPI.

    Good luck to him. He's worked hard by the sounds of it, saved hard, and has ACTUAL cash in the bank. Not a valuation.

    The bitterness on this forum is seriously not coming from those locked out of the market. This thread, along with many others, simply demonstrates that.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Precisely right.

    He could have bought in 2005 on a great rate and overpayed the 100K since, prices now are back to late 06 or early 07 on average, so he'd have capital gains too, and be on a far better rate than is available today.

    There's a moral to this story somewhere, but I'm too lazy to bother pointing it out.:D

    So could you.

    But your not. You are not buying anything. You preach your 100k income a year, yet you are not taking advantage of anything that you tell everyone else they have or are missing out on.

    Theres some psycology here, I'm sure.

    "Too good a chance to miss, missed the boat, could have made a packet, lost out, Aberdeen prices will only rise, haha" says Hamish.....who also watches everything pass him by, as he's too !!!!!! scared to take the plunge.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The bitterness on this forum is seriously not coming from those locked out of the market. This thread, along with many others, simply demonstrates that.

    True.

    Every thread you post on demonstrates that the bitterness can come from those who bought with shared equity as well as those locked out....:D
    “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”
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