Is it just the greedy left praying for a crash?

Blacklight

This week I've noticed a bit of a change in the atmosphere over on HPC. All reasoned argument seems to have evaporated and all that's left is this:

• With a bit more saving and a mini crash, I'll hopefully be in a position to buy a place next year without a mortgage.
• If I am lucky enough to get a third time, I think we will have one more move but with no mortgage and a smaller garden.
• Having owned a house (mortgage-free) in the past, (currently renting), I am looking forward to buying mortgage-free again in the next 12-18 months so that £850 of my monthly income is available for whatever I wish to spend it on (probably holidays).
• I'm hoping for a drop in prices so that I can buy somewhere bigger and still have no mortgage.
• I'm aiming to buy within the next year and be mortgage free within 2years.
• we now have enough saved to buy a smaller home outright, I won't pay current prices though.
• 25 - wage approx £30k - £20k in savings with ~£1k savings per month what I really want is a detached house in a secluded area. Prices still fairly high for that sort of place - and in some places costs average £550k
• To get the detached house I'd be prepared to put down all my money and take on a mortgage of £60k or so. I'd hope to pay off any mortgage within a decade at absolute most so I can then pile in for pension etc.

Is it the case that the level headed have drifted away and finally decided that the drops of 2007/2008 are not going to return. There's no talk of hard working folk desperately trying to get a first home any more and how hard it is for first time buyers. Just greedy people taking pleasure in others misery so they have an easy way to make a big leap with very little effort.

System

Partially the greedy, those are the same ones that saw 20-25% off and still wanted more. These people will probably never buy, because even if prices DID go down 70% in some strange fantasy world, they would still be rubbing their trotters together waiting for more and miss it again.

But there's also the low earners floating around that have no choice but to hope for another crash.

Pennywise

Blacklight wrote: »

Just greedy people taking pleasure in others misery so they have an easy way to make a big leap with very little effort.

Isn't that exactly what caused the housing bubble in the first place with the amateur developers and buy-to-letters.

Graham_Devon

I take it you don't class this thread as "reasoned argument" then?

http://www.housepricecrash.co.uk/forum/index.php?showtopic=148110

One of many.

Better than many of our threads, where it's down to personal insults by post 4.

doire_2

As opposed to those that want high houses prices so if they come to sell they get more for their overpriced house?

Blacklight

Pennywise wrote: »

Isn't that exactly what caused the housing bubble in the first place with the amateur developers and buy-to-letters.

If you're referring to BTL then it has been demonstrated that the effect was 7% on property prices. As you know, prices have come down by more than this now.

Graham_Devon

Pennywise wrote: »

Isn't that exactly what caused the housing bubble in the first place with the amateur developers and buy-to-letters.

yer but no but yer but no but yer but

Expect a generic answer in response

Blacklight

doire wrote: »

As opposed to those that want high houses prices so if they come to sell they get more for their overpriced house?

And live on the streets? Or buy a bigger place for more?

chucky

Graham_Devon wrote: »

I take it you don't class this thread as "reasoned argument" then?

that's because it all suits your narrow minded point of view...

Graham_Devon wrote: »

Better than many of our threads, where it's down to personal insults by post 4.

if you don't like it - i'm sure you know what to do...

Loopgames

Greedy? People who want to clear their mortgages are greedy? hhmmmm

doire_2

Blacklight you would be hopeless in the January sales