Here`s the thing......

chucknorris

nearlynew wrote: »

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.

ALL? I beg to differ, look at my position as an example (and I will hardly be unique). Obviously I want property prices to rise because my wife and I have 8 investment properties (incl one that my wifes mother lives in rent free) which we will eventually sell off and invest the cash as our pension (probably in 8-12 years depending on the market).

To call me a debt junky would be rather foolish I think, when you consider our mortgages (less cash held) = only approx 15% gearing, so we are mortaged 15% and have 85% equity, plus when interest rates rise I will be paying off another 5% of mortgage (which is cannot be offset against tax, so it is not efficient) at which point we will be 10% mortgaged and 90% equity, hardly a debt junky or the position of someone being in the !!!!!!.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Just illustrates the point that rising house prices are purely a function of supply and demand, and the massive and worsening housing shortage in this country is an ongoing problem.

And when demand is artificially constrained in the sales market by mortgage rationing, then rising rents are inevitable.

The typical bear worldview (and yes, there are some exceptions) is that there is no housing shortage, the cause of high prices is a credit bubble/BTL/Speculation, the cause of high rents is benefits, etc etc etc.

Whereas in reality, the absolutely dominant factor in UK house/rent prices is the fact that we have a massive housing shortage and it's getting worse by the month.

Temporary swings of supply between rented and owner-occupied can mask the problem for a while, but it's ultimately going to lead to big increases in price for houses and rent and there's no getting away from that fact.

Yet, on the other hand, you sit there celebrating the fact that homeowners will keep their property, rather than sell it, and wait until prices are higher to sell it.

This is one of your biggest points against prices falling, because, as you state, owners will not take lower prices.

You've done all the concern for the FTB. But all you are concerned about is plying them with more debt. You are totally unconcerned when it comes to the owner removing the house from the market due to lower prices, infact, that restriction of supply, you openly celebrate.

I've come to the conclusion, you'll celebrate whatever is working for you at the time. Concern for FTB will be shown if you need houses selling to raise prices. The concern falls away as soon as house prices rise, or someone restricts supply.

But you have recently been celebrating rises for everyone, not just a select few HPC nutters as you would put it. Everyone, families, OAPs, children. Yet on the other hand, YOUR family, you want them to be rent free, which is lovely of you, but f**k everyone else, ha ha ha, their rents are rising, lovely jubly...my retirement looks safer.

Take that as an attack if you wish, just writing it, I suddenly figured out that you have come from nearly every single angle, the side of the FTB, the side of the owner, the side of the BTL landlord, the side of the government when it comes to stimulus and the side of the BOE when it comes to interest rates.

You appear to support anyone and everyone, but the group you support is very much dependant on the policy at the time and which is more likely to provide a pull upwards on prices.

SMI....absolutely brilliant!!!! Benefits for more children, absolutely disgusting. Both ar etaxpayers money, just one doesnt have a pull effect on house prices.

System

I kind of assumed he was celebrating being right and basically rubbing peoples noses in it, understandable after so many gave him abuse for his predictions, again, could be wrong.

shortchanged_2

THE_GHOULISH_CODPIECE wrote: »

More like good riddance.

Is your latest incarnation describing yourself as the contents of your user name by any chance?

Very apt.

Graham_Devon

Joeskeppi wrote: »

I kind of assumed he was celebrating being right and basically rubbing peoples noses in it, understandable after so many gave him abuse for his predictions, again, could be wrong.

Of course he's right. He changes his stance to change with the way the wind is blowing at the time.

Others are wrong because they have, mostly, stuck to what they were saying.

The point is, it's rubbing anyones noses in it....be it old age pensioners with savings losing out, to FTB's who waited to get a better price, to any family who see their rents rise.

HAMISH_MCTAVISH

Joeskeppi wrote: »

I kind of assumed he was celebrating being right and basically rubbing peoples noses in it, understandable after so many gave him abuse for his predictions, again, could be wrong.

I think julieq said it best, when she said.....

julieq wrote: »

Hamish, who's arguably the arch bull, posts accurate numbers with commentary and draws accurate conclusions - he did win the 12 months pricing competition very comprehensively.

He's hated because he debunks gleefully, not because he debunks inaccurately.

If you listen to him and follow his reasoning you're likely to make better judgements more consistently than if you listen to any of the bears.

shortchanged_2

Sibley wrote: »

I'm going to buy a house in Thailand next year. Brand new I expect. Probably 3-4 bedroom detatched on a new estate. I bet that will go down well with Gloomy.:rotfl:

Out of curiosity Sibbers how much will that luxury pad cost you in Thailand? £80,000 - £100,000.

Graham_Devon

HAMISH_MCTAVISH wrote: »

I think julieq said it best, when she said.....

Yes, Julie, the person who classes every saver as a mere parasitic being and anyone without debt as undeniably stupid.

Lovely!

System

Graham_Devon wrote: »

Of course he's right. He changes his stance to change with the way the wind is blowing at the time.

Not sure I agree with that, he was the most accurate on the house price thread last year out of around 100 people (I think), he's always said there's a housing shortage, I'd never heard of a housing shortage until he mentioned it, at the time he was ridiculed because someone new a mate who lived next to an empty house. I have a feeling he may have been overly bullish about prices this year but I'm not sure where to look. Regardless I'm struggling to think about situations where he's changed his stance significantly and I'd be glad to hear some.

Fact of the matter is, being told "I told you so" really hurts some people.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Of course he's right. He changes his stance to change with the way the wind is blowing at the time.

I've never changed my stance on the fact that there is a significant housing shortage in the UK, and this is the primary cause of high house prices.

Short term influences can of course change frequently, and you'd have to be an idiot not to take new developments into account.

What kind of idiot would do that?

Others are wrong because they have, mostly, stuck to what they were saying.

Ahhhh, I see.

The point is, it's rubbing anyones noses in it....be it old age pensioners with savings losing out, to FTB's who waited to get a better price, to any family who see their rents rise.

The point is, I'm right more often than just about any other poster on here. And on a debate board, there is no other point.

You can debate all you like about whether such a stance is moral or ethical, but I couldn't care less.

I've seen the future, positioned myself accordingly, and now I'm benefitting from it. I recommend others do the same.

Whereas your little bear mates recommend others disadvantage themselves to prove a point. Hardly wise, nevermind moral or ethical.