Tragic case... "This website has failed"

lostinrates

sounds like the chap as never in a real position to have any choice (liar loan rather than conventional mortgage?) and was just hoping for it at some point. If he did have a choice why was he just blindly following what a website ''said''? On stumbling in here I was prompted not to jump but to look first. we never stopped looking for a property but we did so less blindly, with a more longterm future in mind and good value, and certainly more research than we would have otherwise. Monitoring the types of property over a few counties, phoning for auction results, noticing ''relaunches'' etc, then more research on finding anything we were interested in...n It worked for us, very well...if it hadn't, or proved in the future not to be so wise, it would not be the fault of a forum bu the decisions made by us. Too quick to shift responsibility....

Davesnave

lostinrates wrote: »

Too quick to shift responsibility....

Says it all.

We did well enough by guessing the market, but if things had somehow gone differently, I wouldn't be on here complaining that I'd been 'unduly influenced.' In fact, I'd be keeping my head down!

I also think it depends where you are looking. The market I'm most familiar with doesn't look so great right now. Perhaps I should start a 'We should've waited longer!' thread?

System

I genuinely do feel a bit sorry for this person, he'd have been maybe 1/3 though a mortgage paying a fraction of what his rent is now if he'd bought in 2004, and on top of that it seems he's getting unlucky with a variety of landlords.

Sibley

I feel sorry for the genuine people that fell for the HPC claptrap.
It's given them a massive chip on their shoulders as well.

They can't accept that home owners are hard working people.

Graham_Devon

HAMISH_MCTAVISH wrote: »

What a sad, sad story.

Delayed purchase since 2004..... What a massive, and irreversible mistake. This poor fellow will never be able to undo the damage he has done to himself and his families future.

He sounds genuinely depressed, so I do hope they've checked up on him.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=159727&st=15

A cautionary tale on the very real dangers of trying to speculate on timing the markets... And listening to bad advice on the internet.

.... revel, revel, revel....

Give it a couple of days, you'll be back to "well if people can't afford prices, they will have to rent, thats life".

RenovationMan

AD9898 wrote: »

Honestly Hamish, you need help. What is wrong with you ? You have a home, you can make the payments, you don't foresee any trouble for yourself in the future, so what's it about ?

You said the other day that you 'despise' people who want houses to become affordable. I think with that statement and re-posting this sort of the thing from an unrelated website, you need to take a break.

You're 'faux' concerns regarding these types of people above (and I've seen it many times now) also strikes a kind of strange way of thinking.

If you're in a good position, these people and their posts really shouldn't be concerning you so much, so sincerely Hamish, take a break.

Pot. Kettle.

StevieJ

Davesnave wrote: »

Says it all.

We did well enough by guessing the market, but if things had somehow gone differently, I wouldn't be on here complaining that I'd been 'unduly influenced.' In fact, I'd be keeping my head down!

I also think it depends where you are looking. The market I'm most familiar with doesn't look so great right now. Perhaps I should start a 'We should've waited longer!' thread?

By the time you have waited you could have paid a large chunk of your mortgage off, it is now getting on for seven years since 2004, mortgages are no cheaper but less accessible. In general (I think) you should buy when you can, many people have bought at peaks in the past and now have cleared their mortgages, timing in this context is for mugs.

DervProf

HAMISH_MCTAVISH wrote: »

I have nothing against affordable housing..... Build as much of it as you like.

Nothing against housing that you can afford.

Build as much of it as you like, but not near you, eh Hamish ? Otherwise :beer: will turn to .

DervProf

Sibley wrote: »

I feel sorry for the genuine people that fell for the HPC claptrap.
It's given them a massive chip on their shoulders as well.

They can't accept that home owners are hard working people.

Do you feel sorry for genuine people that have been priced out of buying a property, and had never even visited HPC ?

Not all homeowners are hard working people, are they Sibley ? I know of one homeowner who is not particularly hard working, and is rather pleased that he doesn't have to work too hard.

Graham_Devon

DervProf wrote: »

Nothing against housing that you can afford.

Build as much of it as you like, but not near you, eh Hamish ? Otherwise :beer: will turn to .

The problem here is that Hamish knows full well house building isn't going to take off in the near future, as it simply isn't economincally viable, not without some massive government subsidy.

Yet he still uses it as a get out clause for every question, as if it is somehow a possible route out of the problems we face. Meanwhile, he knows its not, we know its not, yet he just says it over and over.