House prices heading down not up

Dan:_4

Chaos_A.D. wrote: »

I'd suggest that many people who pretend to be homeowners, including quite a few on here will never actually become one.

Just remember, you only qualify to be a homeowner when you have made your final mortgage payment, up until then you are not.

Incorrect once again. I own my house, and my name is on the deeds. As the property is secured on the morgage loan and I default on the morgage payments my lender can take me to court and transfer ownership to the lender. But currently I am the full owner of my house, regardless the outstanding mortgage balance.

JonnyBravo

julieq wrote: »

How so?
-some stuff about irony and jokes-

It was obviously a joke. You missed it. Stop acting like one of the embittered and fess up.

julieq wrote: »

And they're jealous of anyone who having taken a chance has profited from it. In their eyes unless you take their precise path of virtue, any gains are ill gotten. So it's wrong to make money from buying and holding property or from BTL, but it's OK to make money by depositing money into a savings account and waiting for the risk free interest to accrue (wherever that's supposed to come from). And do they ever howl like scalded cats if they can't get risk free savings returns.

They're jealous too of people who by the accident of being born in "easier" times have become comfortable (those of us who lived through these times will question whether they were easier incidentally). The underlying theme to bear discourse is "my parents had it and I can't afford it, it's not fair".

Well sorry, life isn't fair, and it will become a lot less fair now you're in competition with the rest of the world for prosperity. The world financial system isn't going to spontaneously collapse just to make things fair either, the idea it might is essentially religious not rational. Get on and take your chances and you'll do OK, sit back and wait for life to give you risk free returns and you'll fall back.

Wholeheartedly agree.
Most of them are cartoons. Pure stereotypes. And usually wrong, which annoys "them".
This is why I'm usually found poking them with a stick labelled "your stupidity"...... but you got it wrong about Graham's post being serious..... (although admittedly he was trying to mock what he percieves as their shifting stance)

Dan:_4

Chaos_A.D. wrote: »

If someone owns outright, they don't MEW or take on other debts, nobody can take it away from you.

You can take on unsecured debt without the worry of being repossessed.

chucknorris

would_be_FTB wrote: »

He will not have that much savings and and anyone about to be repossessed would not be in a position to remortgage as they would have been struggling to make their payments, hence the repossession procedure

So you know everybody's personal finances on here, do you? I think not. You are wrong, let's leave it at that.

carolt

Dan: wrote: »

Heres an interesting poll from late 2008: When will the house price crash hit bottom. I voted for June 2009 and stated in post 62 it will more likely be April/May 2009 - infact it turned out to be Feb 2009. You voted for end of 2011. Also worth noting I got slated for my prediction.

https://forums.moneysavingexpert.com/discussion/1311613

So you can definitely predict that house prices will be no lower at the end of 2011 than they were in Feb 2009?

How?

If your crystal ball is that good, I can't imagine why you waste your time posting on here - presumably you're already loaded as betting is no gamble for you.

Alternatively, I might suggest that you have no basis for your comments (apart from childish spite and wishful thinking, of course - both in spades) to assume that house prices will not fall lower than their levels in Feb 2009 before the end of next year.

If this link was supposed to 'prove' my predictions were wrong, it only succeeds in making you look even more petty and foolish than you do already.

HAMISH_MCTAVISH

Halifax July +0.6%

As we all know, and economists accept, house prices are indeed rising.

julieq

Guess we'll be revisiting this thread in 2011 then.

So BITTER

chucky

House prices heading down not up

oh dear Carol tells us house prices are going down and they're actually not...

poor Carol she'll get it right one day - here's me feelling glum for her

ps. house prices are stagnating for a while yet - they won't be crashing though.
chin up though Carol, you've made yourself look stupid again

Dan:_4

Chaos_A.D. wrote: »

Is that true ?, read many stories about lenders turning unsecured debts into secured ones.

Its not easy to do and the court will need to be shown extreme circumstances.

Its unsecured for a reason - and you may much more for it.

Dan:_4

carolt wrote: »

So you can definitely predict that house prices will be no lower at the end of 2011 than they were in Feb 2009?

How?

If your crystal ball is that good, I can't imagine why you waste your time posting on here - presumably you're already loaded as betting is no gamble for you.

Alternatively, I might suggest that you have no basis for your comments (apart from childish spite and wishful thinking, of course - both in spades) to assume that house prices will not fall lower than their levels in Feb 2009 before the end of next year.

If this link was supposed to 'prove' my predictions were wrong, it only succeeds in making you look even more petty and foolish than you do already.

You said in the link I posted that you expect heavy falls for the next two years and then you will buy. It did not happen, prices stoped falling, and two years later YOUR STILL NOT BUYING.

I've said it before and i'll say it again - Carlot Will NEVER be a homeowner.