Have a crash now and then lets build a real economy.

ILW

Really2 wrote: »

One obvious point would be you are one of those posters?
Are you bothered about the people who will be in NE or lose their houses to get 15%-20% down just so you can buy what you want?
So you are equally only thinking of you.

Why would anybody lose their house due to a drop in value?

Really2

ILW wrote: »

Why would anybody lose their house due to a drop in value?

Losing house through default would contribute to the drop. Why would house prices fall if everyone could afford to keep them?

I never said people would lose houses because of a drop they would lose houses contributing to the drop.

Really2 wrote: »

Are you bothered about the people who will be in NE or lose their houses to get 15%-20% down

Doozergirl

The_Fox wrote: »

Mmmmmm, what an amazing contribution, typical of a handfull of posters that don't care about anything or anyone else but live only to be seen do better than anyone else through the "size/value of their property".

By someone who doesn't seem to care about anyone or anything else other than having a wood-burner and a wooden floor?
Not obsessed by property or what other people will think of your home? Not after the little bit of self respect that goes with having a nice house? Are you sure? If you aren't, then no-one is.

I realise I'm a grown up when I read the pointless, finger pointing, contradictory threads on this board. Too much money in property so let's drop the prices and spend more money doing our houses up? What happens to the prices then when we all have cheap houses but spend lots of money making them nice? Does that make them expensive again or are we just spending money on wood-burners because we have money to burn?

Do it by ourselves without tradespeople? It doesn't that contribute well to the economy does it really if we're not employing people to do the work unless you count the extra paramedics needed when people are electrocuting themselves DIYing and forgetting the existence of Building Regs.

Is it a simple dream or is it a rant about things you've thought quite little about but have heard or seen other people ranting about? There's nothing worse than a strong opinion borne out of very little knowledge.

Either post your happy little dream and we'll all design your new house for you and I'll share the fact that it's been my life's dream to build a life-size gingerbread house like the one in Hansel & Gretel. Or rant and contradict yourself a bit and find that people pick at it, boring though it is.

RenovationMan

Some of us are already living the dream. My wood burner was connected to my DPS Heat Bank and now helps to provide water heating and central heating for my home. Next year, if funds allow, we will try to add solar water heating to the heat bank.

We are also having lots of other work done on the house, mainly because we've found that tradesmen are much cheaper during this economic downturn and so are materials. Everyone is cutting their throats just to stay in business and get through the next couple of years.

If you are seriously interested in renovating a house, then I'd suggest it would be far better to buy now and take advantage of cheap mortgage rates and cheap labour, than wait until interest rates climb and tradesmen dont feel so financially insecure.

Just my opinion, but based on 15 years of renovating and modifying properties. As usual, DYOR.

FTBFun

The_Fox wrote: »

Mmmmmm, what an amazing contribution, typical of a handfull of posters that don't care about anything or anyone else but live only to be seen do better than anyone else through the "size/value of their property".

I don't care if you dislike my message pal(or any one else for that matter), and it does not matter how polite i put it across to you, you simply hate posters that are bearish on property, end of.

Just a few points to be going on with

1. Too much of this countrys wealth is going into property

2. Yes i have to dream about buying property, even as a man who earns ok money, do you think you are a bigger and better man than me?:) and if you are a speculator(btl) and own 5 propertys i want one of them.

What a bizarre (and grossly inaccurate) response. I wasn't even responding to you.

Doozergirl has summed it up better than I could do.

The_Fox_3

wotsthat wrote: »

..and I was just about to invest in woodburning stoves as well. Apparently, based on the survey, millions will be required.

Typical moronic response that you would expect from these property bulls(really bears in sheeps clothing) on this board, and actually quite sad as i suspect that you are a little brighter than that wotsthat.

With me it is a woodburner and a few other items which inevitably go with buying property, looking at the bigger picture and millions of home purchases to those not maxed out with debt my metaphorical woodburner is .... painters & decorators, fridges, cookers, builders, gardeners, kitchen fitters, designers, carpet fitters, bedroom fitters, furniture shops, electronic shop, electricians, plumbers, removal men, chippys, roofers, dryliners, estate agents(spit), endless retails shops too many to mentionand of course fireplaces and woodburners etc etc etc......

Of course as a intelligent person(unlike chucky) you probably knew where i was coming from which i suspect you are, or maybe i am wrong.

Jazzshed

IveSeenTheLight wrote: »

Very true, of course demand (desire and ability) was bolstered by available credit

Yes and we still have the desire but not the ability until prices come down in relation to earnings.

Doozergirl

What's a dryliner? You've created at least five trades out of two regular ones there.

You're trying to relive the last 10 years? Low house prices, massive boom in renovation, huge numbers employed in the building trades...

Paid for by selling the house again for more money. You can't have one without the other. It's pretty evident that on the whole, people don't have £10,000s lying around to renovate properties beautifully. A wood burner costs in excess of £2000 to install properly into a the more usual, traditional open chimney.

Bikertov

Surely, if it was not for the 'BTL Vultures' half the people in this country would not have nice houses / flats to live in, but be stuck at home with their parent, with council houses or nothing.

The private investor has done a lot to provide housing of far better quality and quantity than any council could ever have done. And they have taken the financial risk to do this, with all the inherent problem of tenants who dissapear without paying rent, trash the place etc etc.

Not everyone, especially the young, can afford to - or want to buy a property. But they need to live somewhere. And where is that somewhere going to come from ? The council - or a private 'BTL Vulture'.

There are two side to every story ...

wotsthat

The_Fox wrote: »

Typical moronic response that you would expect from these property bulls(really bears in sheeps clothing) on this board, and actually quite sad as i suspect that you are a little brighter than that wotsthat.

Hi Foxy, that's why I can't really can't take your threads seriously. You really do like to categorise people into nice black and white camps. Can you not comprehend that most people are in neither extreme camp and, in the real world, don't feel the need to label themselves as a bull or bear?

Personally I think house prices can only drop this year BUT I don't think that BTL owners are evil. I bet you can't deal with that because I'm not in your strange gang and am not a raging 'bull' either.