Why are posters so Obsessed with House Prices?

Blacklight

nearlynew wrote: »

Spoken like a true debt-jumkie.


Nice one muppet boy.

I'm starting to think that you really do actually believe that there are people out there that like being in debt.

Personally, I've never met one. Everyone I've had a conversation with about debt sees it as a means to an end.

Graham_Devon

daisydays wrote: »

For the people who could find themselves in negative equity, that only matters if they want to sell. Many people ride the storm if they're on a variable rate mortgage, and they don't always have to sell. Of course, some people who really overstretched themselves could find themselves in that scenario if they went into negative equity, but they usually just go bakrupt and end up owing nothing. If they've got no assetts, and they're a bankrupt, they have no debts. And two years later their slate is wiped clean.

Erm, they also have nothing to show for their money apart from stress and embarrasment.

They also won't be able to get a mortgage again for a lot longer than 2 years.

This whole "rack up debt, its cheaper" and now this flippant response to bankrupcy as if they haven't lost and just owe nothing is somewhat perverse to me.

Maybe I don't get it?

nearlynew

Blacklight wrote: »

I'm starting to think that you really do actually believe that there are people out there that like being in debt.

Personally, I've never met one. Everyone I've had a conversation with about debt sees it as a means to an end.

Haven't you?


They're easy to find -
Just ask someone if they think rising house prices are a good thing.

If they answer in the affirmative, you have found one.

Blacklight

nearlynew wrote: »

Haven't you?


They're easy to find -
Just ask someone if they think rising house prices are a good thing.

If they answer in the affirmative, you have found one.

This does not make any sense.

Wookster

But rising house prices makes us all so rich. Just think of all that equity!

I can live happily ever after because my house has trebled in value.*






*Perhaps if I say that once more, I'll believe it.

JonnyBravo

Blacklight wrote: »

This does not make any sense.

:rotfl:

You're having a discussion with naerlynew and expecting it to make sense?
Who the sillier? Leave him alone and he'll eventually crawl off into one of his soundbites.

RenovationMan

Wookster wrote: »

But rising house prices makes us all so rich. Just think of all that equity!

I can live happily ever after because my house has trebled in value.*






*Perhaps if I say that once more, I'll believe it.

But it is true for those people who are investing in property, or for people like myself who are at the top of their personal property ladder and have downsizing as their next step.

Whether its a good thing for the wider economy or for society in general is another argument, but it really cant be argued that some people can live happily for ever after if their property trebles in value.

chucky

Wookster wrote: »

But rising house prices makes us all so rich. Just think of all that equity!

I can live happily ever after because my house has trebled in value.*






*Perhaps if I say that once more, I'll believe it.

i can't speak for others but HPI has done my bank balance loads of good.

so when you say that rising house prices makes people rich and to be specific cash rich - i have to agree with you

nembot

How is that though young man, do you have bank account that links directly into your properties equity?

I was under the impression, profit made on property was only available when it's sold.

Could be wrong and sometimes I am (not on here though, always right ofc)

datostar

nembot wrote: »

How is that though young man, do you have bank account that links directly into your properties equity?

I was under the impression, profit made on property was only available when it's sold.

Could be wrong and sometimes I am (not on here though, always right ofc)

Oh dear, I thought you could sell the odd brick here and there to realise a few quid!