House Prices To Rise By 20%...

HAMISH_MCTAVISH

phil_b wrote: »

If you combine all of those numbers you end up with a flat 0. It's almost strange.

Imagine that.....

Brit1234, the uber-bear, celebrating stagnation.

Just goes to show how much expectations have changed in the last year.

Emy1501

Chaos_A.D. wrote: »

I review the postings on this board from a no nonsense, matter of fact position these days, meaning I don't have a VI. I'd categorise peoples positions like so

1) People who own outright - obviously the best position.

2) Those who are mortgaged, haven't MEWed, but bought before 1999 - should be sitting fairly pretty.

3) People who STR'd in 2007 - again should be doing ok, patience is a virtue.

4) FTB'r and people renting waiting to buy - must be frustrated at policies that use their tax money to keep them priced out, keep saving and keep the faith, your time will come.

5) People who stretched a little and bought BTL's or a home after 2006 upto present day - these people IMO are in the worst position, you can spot them quite easily on this board, worried, frantic, short of patience, they scream black is white just trying to convince themselves, shall I name names ?, nah we all know them.

As a non VI, it's the position I'd least want to be in

You have left off in my opinion those who should have bought before 2005 and have not plus those who STR'd before or after 2007.

These people are just as obvious on here to me as those with loads of BTL's or highly indebted and reliant on price rises to get themselves out of the mess they are likely to be in.

Both sets are as desperate as each other and why they all hate each other so much on here.

Sibley

Bite bite bite... If the headline said 20% DOWN you lot would be big'in it up and having orgasms pmsl.

Anytime the index goes down 0.00000001% or something the Crash gang get all silly. You start hearing ' Oh that 550,000 grand house, I'm putting in an offer of 20,000 quid.

Total muppets. All work as bingo callers or Asda trolly collectors dreaming of a first time buy 4 bedroom house.

You have this 20% up you haha

julieq

Very partisan analysis without much logic.

Owning outright certainly isn't the best position. It's potentially an asset rich cash poor situation. The people who have been the most thoroughly shafted are those who mistimed STR, which given that the market went up far higher than expected will be most people who tried it. Very very dangerous game.

There's no reason at all why anyone with BTL will be worried whenever they bought, as the rental market is remaining robust and they've got someone else buying an asset for them, which will be worth more than they paid at the end of the mortgage term. Lot less risky than STR certainly.

System

Chaos_A.D. wrote: »

As a non VI, it's the position I'd least want to be in

I don't think anyone in their right mind doesn't think you have a VI, indeed you often proclaim you want prices to fall for various reasons, none of which I truly believe. If you want it to happen you have a VI.

If that's a non-VI then I guess we all are non-VI's.

Blacklight

Chaos_A.D. wrote: »

My only VI is I wish the FTB'rs and people who are renting and want to buy today to have at least the same opportunities that previous generations have had. Simple as that.

I want to see manufacturing return to the UK like it was when my grandfather was a lad, steel works, shipyards and coal mines.

I want to see complete eradication of supermarket monopolies and a return to the days of local shops selling home grown organic foods at dirt cheep prices.

We all want things to happen but the world's a totally different place these days. You're just going to have to learn to live with change I'm afraid.

System

Some confusion here, I'm not too fussed about prices rising or not, I'm not keen on them crashing though.

andykn

Chaos_A.D. wrote: »

TBH although you are correct, I can't really put my finger on anyone who STR'd after 2007 here.

I have, sort of. I've moved into the g/f house and sold may flat in Sep last year rather than rent it out. The cash now offsets the g/f mortgage.

System

Not at all, you forget that we all got shafted compared to the generation before us. I haven't benefitted from any HPI in my life, my parents and older brothers have made fortunes.

The only difference is I get on with life and make the best of it.

HAMISH_MCTAVISH

Chaos_A.D. wrote: »

Wrong, someone who owns outright with no debts attached to their property can do pretty much what they like. If they are are short of money they can downgrade, take advantage of the best deals on the mortgage market by releasing a little equity, or sell up altogether and use their substantial amount of money to emigrate, etc.....

They have by far the most options.

Unless of course, a crash occurs, buyers dry up, and banks stop lending.

Then they can't do any of those things.....:D