We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Even Merryn gets it..... (at last)
Comments
-
Hundreds and hundreds of threads started by Hamish, with the sole aim of convincing himself that his p***y little stake in two properties in some non-descript town on the edge of Scotland are going to make him rich.
God help us. If ever there was a need for a psychological case study in self-affirmation and the almost compulsive need to prove to himself that he is right, his posting history here would be it.0 -
Doctor_Gloom wrote: »That's why hamish got rejected from HPC, for being an utter troll.
Lucky for you they allow trolls in here.... otherwise you might have to log off this and your other names and go outside!
Arrgghhhhhh!0 -
Hundreds and hundreds of threads started by Hamish, with the sole aim of convincing himself that his p***y little stake in two properties in some non-descript town on the edge of Scotland are going to make him rich.
God help us. If ever there was a need for a psychological case study in self-affirmation and the almost compulsive need to prove to himself that he is right, his posting history here would be it.
As opposed to big ol' Mr bendix who never misses an opportunity to boast about his income, his foreign homes, his massive pensions etc etc.0 -
Graham_Devon wrote: »Funny it should be you posting this article up Hamish.
Supply and Demand is all there is. Those are your fine words, are they not? I'm sure we have heard them over and over again in relation to proerty prices.
But what's this? Is it a change of tact? Maybe a lightbulb moment? A new visionary?
It's even bolded...
Really?
Now who would have guessed? Engineered property prices? BOE in the same article?
Never!!
So what's happened now to supply and demand?
Hamish's understanding of supply and demand doesnt extend any further than he demands something and his parents supply the money to buy it.
Joke of a board member imo, not worth replying to.0 -
Or have a generation of people who can't really be bothered with this high-house price malarkey and decide not to buy. A societal tipping point or something.
But if you decide not to buy, do you decide not to buy now and save, or decide not to buy now and spend instead.
If you save ... then after paying rent, in effect what will you be saving? In my case it would be nothing if not dipping into savings to pay the high rents. So paying down a mortgage regardless of the capital cost is a reasonable idea.
If you spend, just when will mortgage availability come your way if your not going to save a deposit, you need to differentiate yourself from others so saving is the way to do this, price rose madly when 100% ers and 125%ers were available as the market was open to EVERYONE, so people who say the missed out, chose to miss out. If you save a deposit, then your in the financial stable section, and mortgage companies will love you forever, and give you reasonable funds to make your purchase as necessary.
Stupidity has left the mortgage market, people need to realise a bank not lending money is not much of a bank, they need to have deposits and in turn lend and the spread is the bit they make in the middle, the wholesale markets changed this, but now we have a period of normality, and people will NEVER see norms seen during the wholesale market era. That era was a mistake, that no one forsaw...Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
3 pages about Hamish and nothing about the article. You guys are getting worse.
Hamish, PM me the article next time and I'll post it instead. Or even better someone like Cleaver so that it can be debated rather than glossed over with personal attacks.
Good idea.
I've noticed the personal attacks get particularly vitriolic when the article posted is about a prominent or respected bear changing their position and throwing in the towel.
It's blindingly obvious that of everything which gets posted, it is this betrayal by the bear idols that most gets under their skin.
No wonder so many posters have compared crashaholics to cult followers. They believe in the crash with an almost religious fervor, and for many of them, they've quite literally bet their ability to buy a house on such a crash coming along. It's no surprise then that seeing the prominent media bears change their position and admit defeat would terrify them.RE: Merryn, I can see this being the start, she'll be ramping within 2 years.
Merryn has no choice but to change her tune. She has seen what we have all seen, the monumental crash she forecast has been averted. She can throw her toys out of the pram all she likes, but there is no doubt her position has now changed, and doubtless will change further.
Nadeem Walayat at market oracle is another media bear who has recently admitted defeat. His new analysis shows minor fluctuations for the next year or two, followed by sustained growth in prices.
The crash the bears expected and dreamed of is now slipping from their grasp. Every time another prominent bear defects, it only further weakens their case.
Excellent news.....:beer:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »...[BUY BUY BUY PWOPERDEE PWOPERDEE PWOPERDEE...:beer:
good stuff H. well, not really.
In the comments section MS-W restates her belief in further nominal house price falls. This on it own pretty much renders everything you’ve said on this thread redundant.
In my person opinion MS-W has allowed her keen interest in house prices to slightly taint her characterisation of the reasons behind the ZIRP policy and missing of the inflation target… the fact is that the BoE has repeatedly said that it considers modest deflation to be a much worse thing than modest inflation [and hence that it would rather adopt monetary policy A, which carries a modest-to-high risk of above target inflation and a low risk of deflation, than monetary policy B, which carries a modest risk of either inflation or deflation]. And inflation has overshot targets for readily identifiable reasons… I’m sure an Aberdeen man like yourself could tell us by how much the price of oil has increased in the last year and a bit [although this has nothing to do with pwoperdee so maybe not] and similarly, well, I’m absolutely sure than an innumerate person such as yourself wouldn’t have the foggiest idea of the approximate impact of the VAT changes to the CPI index, and as for currency fluctations, well, the less said the better…
FACT.0 -
Just as you can prove most things with well-chosen graphs or statistics, so you can also invent features which don't exist by choosing a duff picture:
So those are buck teeth, eh?
I've often wondered who her pop was...
Ken Dodd - another classic joker, but even he would probably have laughed at the recklessness of STR !0 -
nollag2006 wrote: »I've often wondered who her pop was...
Ken Dodd - another classic joker, but even he would probably have laughed at the recklessness of STR !
The belief that house prices can only ever go up is far far funnier.Set your goals high, and don't stop till you get there.
Bo Jackson0 -
wherediditallgothen wrote: »The belief that house prices can only ever go up is far far funnier.
I've never seen a bull on here make that statement.
IN fact, it only seems to come from the mouth of bears.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards