Is it just the greedy left praying for a crash?

new_home_owner_3

nearlynew wrote: »

Bottle?

I thought it was cheap and easy credit that did enabled them.

credit isnt easy to get now and people are buying and you people are still saying bring on the crash.

Just a bit of a reality check for you people wishing for a crash go and look in the house buying/selling and renting forum.

The way i see it you see multiple different posters in there posting about purchasing a property and selling and they are now going through the process.

You dont see these posters on here posting about house prices going down or going up


Its laughable you have about 20 bears and bulls on here arguing about prices and house sales not going through.

And in the forum above there are about 100 different people each day posting about buying or selling there houses.

who do you believe the different posters on the buying/selling forum that obviouly cover a lot more areas, or the odd 10 or 20 people on here who have been spouting the same !!!!!! for the last 3 years>?

and that includes bulls and bears

treliac

Blacklight wrote: »

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.

I've always thought it was more greedy to expect and want the value of your house to keep rising exponentially.

wageslave

Chaos_A.D. wrote: »

I think it works both ways, I've seen plenty of these here over the last 18 months(:rotfl:)

Who were you in your previous incarnation? I nipped out for a bit and I have completely lost track of the sockies

Time gives the test, then teaches the lesson.

I am going to steal that

Pixiechic

I'm not greedy but I am hoping for a crash in house prices. I would like to able to afford to buy a house to LIVE in. Not so that I can rent it out or have a holiday home somewhere where the locals are priced out of the market. If people lose money on their overpriced houses it's not my problem. I also have very little sympathy for the people who lied about how much they earn in order to buy a house which they couldn't realistically afford and have now come unstuck.
I want to be honest about my income and be able to afford a modest house in which to live. It shouldn't be too much to ask. I am 28 years old and have been in full time employment since leaving uni and so has my partner. We have saved what we have been able to yet have no hope of getting a mortgage for a house.
First time buyers who want to be honest seem to be the ones hardest hit here and have no choice but to hope for a crash in the housing market.

sKiTz-0

Hear hear. .

wageslave

I will admit straight off that I have an axe to grind here. I am both a home and a land owner.

The first dip in house prices I saw as a necessary correction and, although on paper it meant I was worth less, I welcomed it.

The dip that is coming, and be under no illusions, it is coming, will hurt me.

I have a university education to fund and I don't intend for my daughter to start her working life in thousands of pound worth of debt. I intended selling off, oh maybe, half an acre to finance the final years of her education.

That is looking less and likely. I would have to give too much away for too little return.

So I will have to cut my cloth, do without the little luxuries that I have become used to. Don't get me wrong, I have did it before and am perfectly capable of doing it again. I just don't relish the idea.

Does that make me selfish? Possibly.

I just know that if I had sat on my ar se and did the SAHM single parent thing (which I would have loved to do, do you know how much of my daughters life I have missed?) I wouldn't be in this position.

I think we should be looking at individuals less and the institutions that got us into this bliddy mess more

nembot

The OP is a f'kin hypocrite, incapable of dealing with his/her own money issues.

new_home_owner_3

Pixiechic wrote: »

I'm not greedy but I am hoping for a crash in house prices. I would like to able to afford to buy a house to LIVE in. Not so that I can rent it out or have a holiday home somewhere where the locals are priced out of the market. If people lose money on their overpriced houses it's not my problem. I also have very little sympathy for the people who lied about how much they earn in order to buy a house which they couldn't realistically afford and have now come unstuck.
I want to be honest about my income and be able to afford a modest house in which to live. It shouldn't be too much to ask. I am 28 years old and have been in full time employment since leaving uni and so has my partner. We have saved what we have been able to yet have no hope of getting a mortgage for a house.
First time buyers who want to be honest seem to be the ones hardest hit here and have no choice but to hope for a crash in the housing market.

i dont think greed is by wishing house prices will crash, but lets be honest the only people who will want houses to crash are the ones who want to buy their first home or people that want to move up the ladder.

Most home owners will want to see their homes go up in price and has soon has you buy your own house you will think the same.

Its human nature that people will think and say what they want to happen, but in reality it doesnt always pan out that way.

brits been saying the same thing for three years and she/he changes the dates of his/her signature when the wind changes direction.

good luck

nembot

In theory prices should be 30%+ cheaper than they are today, so Brit's predictions in the short term are far from impossible. Before recent times people bought houses to live in, stay 10 years move up. They were not a god given right to inflation busting profit, nor should they be and the credit generation is finding this out real quick, the hard way.

In 20 years, prices will probably be higher than today.. that's a given. Whether they will be higher in 6/12/24/36 months nobody really knows and anyone who says they do... is talking s-h-i-t.

abinanthanb

Blacklight wrote: »

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.

Hoping for an affordable price for a home is 'greed'?!! Something seriously wrong..