Debate House Prices
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Free Impartial FTB Advice

THE_GHOULS_OF_GREED
Posts: 30 Forumite
As a professional housing specialist and authority on investing in bricks and motor I can tell you that now we have stablised prices to a new low not seen since 1996 now is a fantastic time to take that first inital step onto the ladder... but ONLY if you can afford it. Many people, not least my lesser qualified critics on here will try to tell you not to buy, however I am here to reassure you as to why buying now is the BEST and ONLY option if you want to make money: 1. Renting is dead money. Yes it's true that you have probably heard it a zillion times before and the reason for that is because IT IS TRUE. Why rent and pay off someone elses mortgage when you could be paying your own. ! 2. House prices are in a bubble. No this is incorrect. Prices are ONLY in a bubble if you are a investor trying to make money on a commodity. A house IS NOT a commodity. It is a home and one you will live in safe ans secure for 25 years AT LEAST. 3. You can't put up shelving in rented. This myth is entirely true and the most common of complaints that goes along with being a renter you will be unable to paint or decorate the rented abode as you'd like. Nothing feels better than slapping on a new layer of magnolia in YOUR OWN HOME than anything else. 4. You can be evicted at short notice. Again another fact and not a myth. When you rent you rent under terms of an AST which is an assured short term tenanct agrement. Basically your landlord can and will throw you out with only 2 weeks notice. This will NEVER happen to a homeowner becasue they OWN the property. Remember the phrase an Englishmans home is his castle. This is why it was coined. 5. Class divide. As a home owner you immediately open up numerious opportunities to financial social and familial opportunities by becoming a HOMEOWNER. For example credit reference agencies will immediately mark you down as the lower class if you tell them you rent. This lowers your access to extra finainacial opportunities. 6. Mewing. Yes it's true as house prices rise as they ALWAYS DO over the long term you can withdraw equity from that value to spend and support the growing economy. You no longer have to dream of that big show wedding, the foreign holiday a year nor having a 4x4 on the drive. This is all possible through rising house prices. Remember if you buy a tin of beans for 13p yet sell for 26 pence you have DOUBLED YOUR MONEY. Home ownership is a ONE WAY BET.
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Comments
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In short..............bollux0
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Frothing in 3..2..
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
he's a 2nd hand car salesman as well?0
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No return key on his PC either.0
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THE_GHOULS_OF_GREED wrote: »
You no longer have to dream of that big show wedding
I agree it's time to invest, but anyone 'dreaming' of a 'show' wedding must be truly sad and shallow. How incredibly chavvy.0 -
THE_GHOULS_OF_GREED wrote: »As a professional housing specialist and authority on investing in bricks and motor I can tell you that now we have stablised prices to a new low not seen since 1996 now is a fantastic time to take that first inital step onto the ladder... but ONLY if you can afford it. Many people, not least my lesser qualified critics on here will try to tell you not to buy, however I am here to reassure you as to why buying now is the BEST and ONLY option if you want to make money: 1. Renting is dead money. Yes it's true that you have probably heard it a zillion times before and the reason for that is because IT IS TRUE. Why rent and pay off someone elses mortgage when you could be paying your own. ! 2. House prices are in a bubble. No this is incorrect. Prices are ONLY in a bubble if you are a investor trying to make money on a commodity. A house IS NOT a commodity. It is a home and one you will live in safe ans secure for 25 years AT LEAST. 3. You can't put up shelving in rented. This myth is entirely true and the most common of complaints that goes along with being a renter you will be unable to paint or decorate the rented abode as you'd like. Nothing feels better than slapping on a new layer of magnolia in YOUR OWN HOME than anything else. 4. You can be evicted at short notice. Again another fact and not a myth. When you rent you rent under terms of an AST which is an assured short term tenanct agrement. Basically your landlord can and will throw you out with only 2 weeks notice. This will NEVER happen to a homeowner becasue they OWN the property. Remember the phrase an Englishmans home is his castle. This is why it was coined. 5. Class divide. As a home owner you immediately open up numerious opportunities to financial social and familial opportunities by becoming a HOMEOWNER. For example credit reference agencies will immediately mark you down as the lower class if you tell them you rent. This lowers your access to extra finainacial opportunities. 6. Mewing. Yes it's true as house prices rise as they ALWAYS DO over the long term you can withdraw equity from that value to spend and support the growing economy. You no longer have to dream of that big show wedding, the foreign holiday a year nor having a 4x4 on the drive. This is all possible through rising house prices. Remember if you buy a tin of beans for 13p yet sell for 26 pence you have DOUBLED YOUR MONEY. Home ownership is a ONE WAY BET.THE_GHOULS_OF_GREED wrote: »I really think the majority of them are mentally sick.
Nothing mentally sick about typing "Home ownership is a ONE WAY BET", and claiming that you are offering "Impartial FTB Advice" :rotfl:30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Home ownership is a ONE WAY BET.
There really should be a basic IQ test to take before you can join this forum.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
I think I`ve just discovered who wrote to me, telling me that I`d won the Spanish lottery, and all I had to do was send £800 (to cover administration costs) to claim my prize.
Hey Ghouls, where`s my prize ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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