Here`s the thing......

DervProf

We see Hamish, Sibley and the like celebrating any rise in house prices (which has been a little less often in recent months). They clearly want house prices to rise, and will even mock those who predicted that they may fall. Increased demand/shortage of supply is often cited as being a big factor in the reasons for HPI. I get the impression that if house prices were to continue to rise, due to increase in population and insufficient new house building, Hamish and Sibley will keep "giving it large" as they currently do.

At what point does their celebration of HPI become in bad taste ? I mean, if property shortgage continues to worsen, and people have to start living in tents or very poor conditions, will Hamish & chums finally see that what they have been celebrating is in fact leading to many people having to tolerate poor living conditions ? Or will they just sit there in their comfortable four walls, and just say "tough, you should have invested wisely like wot we did" ?

My thoughts are that they are already exhibiting a very selfish and short sighted attitude, and they would no doubt disagree. But if property shortage worsens, and starts to have really serious consequences for more and more people living in the UK, what will people`s opinion be of those who say HPI = good ?

System

I may be wrong but I'm pretty sure they only have ill feelings for those who hoped to see all homeowners plunged into negative equity as some kind of punishment for having a mortgage. And the kind of people who use the phrase "BTL scum" etc.

JonnyBravo

DervProf wrote: »

We see Hamish, Sibley and the like celebrating any rise in house prices (which has been a little less often in recent months). They clearly want house prices to rise, and will even mock those who predicted that they may fall.

Indeed. And mirrored in equal measure, of course, by those who are desperate for prices to fall.

DervProf wrote: »

Increased demand/shortage of supply is often cited as being a big factor in the reasons for HPI. I get the impression that if house prices were to continue to rise, due to increase in population and insufficient new house building, Hamish and Sibley will keep "giving it large" as they currently do.

Very possibly true. And no doubt also true if the current drops continue for the crash brigade.

DervProf wrote: »

At what point does their celebration of HPI become in bad taste ? I mean, if property shortgage continues to worsen, and people have to start living in tents or very poor conditions, will Hamish & chums finally see that what they have been celebrating is in fact leading to many people having to tolerate poor living conditions ? Or will they just sit there in their comfortable four walls, and just say "tough, you should have invested wisely like wot we did" ?

Very possibly. If the reverse was to happen and prices fall through the floor, do you think it would be bad taste of the crash brigade start to mock those "idiots who over-leveraged, they should have bunkered down like wot we did"?

DervProf wrote: »

My thoughts are that they are already exhibiting a very selfish and short sighted attitude, and they would no doubt disagree. But if property shortage worsens, and starts to have really serious consequences for more and more people living in the UK, what will people`s opinion be of those who say HPI = good ?

Why would you worry about what some random nutters think and not worry what your politicians think and plan to do about it?
There are plenty of selfish people on both sides of the debate. I'll name myself as one if it makes you happier but it won't really help anyone will it?

doire_2

Joeskeppi wrote: »

I may be wrong but I'm pretty sure they only have ill feelings for those who hoped to see all homeowners plunged into negative equity as some kind of punishment for having a mortgage. And the kind of people who use the phrase "BTL scum" etc.

Yeap. You are wrong.

DervProf

They may well have ill feelings for those who wanted a crash, but they are welcoming HPI, something which will cost the next generation very dearly. The next generation will surely want an affordable place to live, which for many means wanting what many would describe as a crash (thus putting a fair few people into negative equity).

I see my friend`s children leaving home at a much later age than I did, and not being able to buy a property like I did. I feel lucky, and I certainly don`t welcome the reason that many of them have to stay with their parents longer, or are forced to rent a place to live.

THE_GHOULISH_CODPIECE

The only ill feelings being directed on this board are the ones from the priced out rentier classes to their landlord superiors.

DervProf

JonnyBravo wrote: »

Very possibly. If the reverse was to happen and prices fall through the floor, do you think it would be bad taste of the crash brigade start to mock those "idiots who over-leveraged, they should have bunkered down like wot we did"?

Maybe it would be in bad taste, but if the reverse was to happen, ie there be an increase in supply, leading to cheap property for all, it would be nice not to have to listen to the gloating of the greedy few.

nearlynew

Remember - all HPI cheerleaders are debt-junkies.

The reason they think peak price is the right price is because that is the amount they MEWed and is what their house owes them and why they can't sell for a penny less.

They want some other poor f*cker to pay over the odds just to dig them out of the !!!!!!.


It would be funny if it wasn't so sad.

ukcarper

I think we need Hamish and Sibley to balance out all the people who want to send everybody into negative equity and hope they won’t be able to pay their mortgages and are repossessed.

sjaypink

THE_GHOULISH_CODPIECE wrote: »

The only ill feelings being directed on this board are the ones from the priced out rentier classes to their landlord superiors.

..................... ..............

Sibley

I may be wrong but I'm pretty sure they only have ill feelings for those who hoped to see all homeowners plunged into negative equity as some kind of punishment for having a mortgage. And the kind of people who use the phrase "BTL scum" etc.

That's actually spot on in my case for sure.
I worked really hard to get my house. Lived in some dives and never got 1 pence help from anyone.

At the end of the day I was still lucky I bought at a time just before house prices went into hyperspace. Saying that, where there is a will there is a way. If an average earning bloke is having £25,000 a year and his girlfriend £15,000 I can't see why they can't buy a first home. Flat around £100,000 or 2 up 2 down in need of a bit of work.

Admit it's different ball game in London but that's not reality anymore. Most other towns have places for around the 100k mark and that's where people should start.

Do the nasty bears actually realize how hard some people work to get a place?

No sob story here. I'll tell you how I managed to buy my house.

I was 30 years old and divorced. Had to move back in with my parents. Total possessions. I x E reg XR2 Fiesta and 10 black dustbin bags full of work clothes.:)

My take home pay was £900 per month. £200 was going to my mum, £100 petrol and £225 to CSA.
It was grim. An average flat was around £400 a month where I came from. So I was priced out big time. Chances of saving any sort of deposit were not good either.

I decided to do something about it.

Picked up the Sun one day and looked in the job ad's. Some company was after most trades people in Germany. Money was good for late 80's. I think take home was £2000 a month ish.

I applied and got a start. It was a real shock over there. Hard living. Shared a manky bedsit with a druggy to start with. Got through the first few months though. Got my head down, saved, paid my ex wife and came home after 2 years with a decent deposit.

Bought a small house, let a room to a mate and went back to Germany. Worked 7 days a week for a number of years and now am lucky to be able to take my foot off the gas a bit.

I happy that house prices have gone up. Why should I hope prices fall?

I never used to enjoy reading I was a sheeple or scumbag and people were hoping I would lose my home.