Uber Bears admit defeat over on hpc

HAMISH_MCTAVISH

Apart from several months in a row of small declines in prices I canot see a significant drop in house prices in this country.

The government is using all of its powers to prevent a crash including holding IR below prudent levels given pending inflation, maintaining a free flow of immigrants from both inside and outside the EU, maintaining a hands off approach to the return of predatory !!!!!!! and focusing on the City and select exporters to keep things going. The two tiered society, rich and poor, that was accelerated under Brown will be the norm going forward and it will not impact our economy if the vast majority are priced out of owning a home. As the Balls creature would sum it up: so what?

If there was going to be a crash it would have happened shortly after the rest of the world had theirs. The US went down 3 or 4 years ago and are still dropping. Ireland speaks for itself. Spain is sinking fast despite their denial and claims that the market is only down 20%. Portugal is similarly being rocked. But not here. We have, at best, returned to 2007-08 levels and that is where they will probably stay give or take 10% either way.

The return of BTL will slow down any falls as the banks are gaining confidence that the market is not going to fall by much. Hence the 95% LTVs emerging again.

Too many people with too much money chasing very few houses is not a good formula for a significant crash. Add a strong and resilent economy and it is not looking good. This country is going to be the most miserable place on earth for all but the BTL brigade and others ho have the cash and resources to be part of the new upper classes.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=155638&st=0

5 years and 24,500 posts, but he finally got it right. :beer:

Unsurprisingly, the mods have buried the thread in an obscure sub-forum....;)

And now it's time for the HPC apologists and recovery deniers to get all frothy and try and divert attention from the topic at hand in....

3.....

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GO!!! :rotfl:

Graham_Devon

So someone changes their view based on whats going on (that's surely the correct thing to do, right, base your thoughts on actual events?) and you get so excited by it after clearing up your little mess you decide to tell us on here someone on another forum has changed their mind.....while practically begging other people to tease you a little bit more.

For what its worth, I have stated for a while now, I don't see big falls, but I do think all this stimulus and intent to prop houses up is mindnumbingly stupid. While other countries are getting sorted, were just storing up an even bigger problem....apparently I'm supposed to celebrate this. Forgive me, if I refrain.

THE_GHOULISH_CODPIECE

The ghoul has turned. How long until he's banned?

HAMISH_MCTAVISH

And now it's time for the HPC apologists and recovery deniers to get all frothy and try and divert attention from the topic at hand in....

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And right on cue.....

Doctor_Gloom wrote: »

If anyone spams a rival web site on here they get banned. Why is Hamish McRamper and the other HPC rejects allowed to continually do it?

You are quite the predictable little hpc apologist, gloomy.

Keep up the good work.:beer:

HAMISH_MCTAVISH

Doctor_Gloom wrote: »

You're a troll,

Why yes gloomy, it appears I am.

troll:
One of many unsung internet heroes who are almost entirely misunderstood. Their habitual attacks on certain forums is usually a result of their awareness of the pretentiousness and excessive self-importance of that forums users. As much as people may hate trolls, they are highly effective - their actions bring much of the stupidity of other forum users out into the great wide open. The most effective trolls are able to present facts and statistics which disprove the central claims or assertions of the forum they are targeting. However as such actions expose the fallacies in their opponents arguments, and result in extreme insecurity amongst forum users and moderators, this will usually result in the troll being banned.

System

His signature

"The year will be characterised by the collapse and fall of BTL as negative equity and rising IR forces the majority out"

Fair play to him, he got it wrong, has accepted it, and moved on. I think it's only the people with no choice but to crash ramp that are left now. Those who genuinely had savings or investments have bought.

macaque_2

HAMISH_MCTAVISH wrote: »

http://www.housepricecrash.co.uk/forum/index.php?showtopic=155638&st=0

5 years and 24,500 posts, but he finally got it right.

Unsurprisingly, the mods have buried the thread in an obscure sub-forum....

And now it's time for the HPC apologists and recovery deniers to get all frothy and try and divert attention from the topic at hand in....

3.....

2.....

1.....

GO!!!

Realist Bear is a thoughtful and readable contributer. The fact that this particular thread has been moved to an obscure forum qualifies as a minor form of censorship. Censorship and debate don't make good bedfellows (credit to MSE on this score).

As for the sudden sprouting of victory flags in the Bull camp, you will be putting them away again in a matter of weeks if not days. If the government continues to prop up house prices (and I accept that this is going on), they face the very real prospect of another banking crisis. As the stats show, there are very few people with the cash or inclination to buy houses at their current levels. The more houses that are sold at current prices (other than to buyers underwrite the risk with 40% deposits), the more parlous becomes the banks' financial position.

geneer

Oh Look. Hamish has linked an HPC thread shocker!

Cleaver

HAMISH_MCTAVISH wrote: »

And now it's time for the HPC apologists and recovery deniers to get all frothy and try and divert attention from the topic at hand in....

Hamish, I do like you and I think you post intelligent stuff. But really, 'recovery deniers'? People who have their reasons that house prices, or the economy in general, will not prosper over the next few years are not 'recovery deniers' and using language that makes this sound like a religious debate surely isn't helpful?

Cleaver

Too many people with too much money chasing very few houses is not a good formula for a significant crash. Add a strong and resilent economy and it is not looking good. This country is going to be the most miserable place on earth for all but the BTL brigade and others ho have the cash and resources to be part of the new upper classes.

This quote from the end of his post is interesting, especially the line in bold as it's a view I've never understood but seems to be around on this forum and certainly what I've seen from HPC (I've never been on the site, only seen threads mainly linked from mocking people on here).

What I find odd is equating home ownership with happiness and not owning a home with misery. I was happy when I was renting and I'm happy now as an owner, but this is because my happiness isn't really defined by whether I own or rent a house. I'm sure there are plently of people out there who own a stonking great house, either with or without a mortgage, and have very miserable lives for one reason or another.

I fully understand that there will be poeple out there who don't have the money to buy a house and that this causes frustration and upset, but does it really make someone 'miserable'? If it does I think you have to look at your life and get some perspective. Read a book, hang out with your friends and family, travel, do things you enjoy, take a qualification, volunteer, go paintballing... lots of things make you happy and I don't think owning a house is actually required for most people to have a good life.

StevieJ

Doctor_Gloom wrote: »

I wouldn't even know of the existence of HPC if it weren't for you and your fellow rejects continually moaning about it.

You're a troll, you got banned, now get over it. :T

Pull the other one