Tragic case... "This website has failed"

Graham_Devon

And while I'm on a rant, and am in the mood, I'd like to put a question out.

You see, myself, and a fair few others on this site, who have the outright audacity to talk of interest rate rises, or indeed, removal of stimulus that we believe is bolstering prices up to the advantage of a select few....

We get labelled as "wanting families chucked out on the streets" along with various other stupidness, such as suggestions we want unemployment to surge, we want families without jobs, unable to feed their kids.

Strange thing...

When have you EVER, on this forum seen a celebration thread that a family has been reposessed, lost their home and it must be a bitter pill to swallow, while pretending we feel so tragically sorry for them?

Can anyone point me to a thread like that? No.

Reason being, there isn't any.

I mean, we could. We could pull threads from the bankruptcy board, or the debt board, and set up this whole pretence that we feel so sorry for them because they have lost out on the SMI payments reducing and now have lost their houses. The threads are there. So why don't we pull them over here?

There must be a good handful of threads about the downfall of "bears" and those that didn't buy and have now lost out, with an overwhelming sense of celebration beneath the pretence. This thread being just one.

Yet no, for all the slander we get over wanting families chucked on the street, unemployment to surge etc, where are the threads which equal this show?

Just raising a point.

Graham_Devon

StevieJ wrote: »

I don't know any different, it was you that said you did, I merely stated that people shouldn't put off their purchases to achieve some ill conceived timing advantage, if they can't afford then they are not putting off the purchase, are they?

You do know different, because the poster tells you. Unless you wish to ignore that part, and simply suggest the poster is lying.

Can't see how you can suggest you don't know any different, when in the opening post, the poster states:

would have been better off going for a liar loan. At least we would have been settled and not treated like the scum of the earth, and the government would have looked after me.

Suggesting a mortgage was out of reach, hence going for a liar loan.

Think this thread has been unravelled anyway. Onto the next.

AD9898_2

HAMISH_MCTAVISH wrote: »

Wow, this thread has really brought out the hpc apologists and recovery deniers.

So much hostility and personal attacks..... it's blatantly obvious they're absolutely terrified of ending up in the same place as the first poor chap. In fact, most of them probably are, but are just too embarrassed to admit it.

Very sad.

'sfunny, was thinking the same about your good self, is he really a property guru with one owned outright house and one BTL, or is he just a guy who bought twice at the wrong time and is suffering over indebtedness ? Can't make my mind up.

'Recovery deniers' ? What is recovering at this time ? Oh I know .... asking prices lol.

abaxas

AD9898 wrote: »

'sfunny, was thinking the same about your good self, is he really a property guru with one owned outright house and one BTL, or is he just a guy who bought twice at the wrong time and is suffering over indebtedness ? Can't make my mind up.

'Recovery deniers' ? What is recovering at this time ? Oh I know .... asking prices lol.

I'll see hamish's 'recovery deniers' and raise you...

'mentally ill patients'.

There is no recovery yet, just printing money and hope.

Graham_Devon

LOL, wait until the "recovery deniers" state an interest rate rise should go ahead.

These "recovery deniers" will then be told we need a recovery before we raise rates.

Funnily enough, it will be those who state there are "recovery deniers" that are the first to state we shouldnt raise rates until there is a recovery.

Couldn't make it up.

RenovationMan

Graham_Devon wrote: »

Erm, you asked a question? I responded to your, erm, question?

But I didnt ask you a question. I certainly didnt ask you a question about Hamish Mctavish.

System

All I will say is there's a lot of outrage at the implication that people are being told they celebrate the economy burning and people being thrown out of homes, and these are the same people accusing Hamish of celebrating the OP, which he clearly isn't.

In fact anything that Hamish posts up, he is supposedly "celebrating", it's strange.

An example.
https://forums.moneysavingexpert.com/discussion/3057708

Graham_Devon

RenovationMan wrote: »

But I didnt ask you a question. I certainly didnt ask you a question about Hamish Mctavish.

Oh christ.

OK. My bad.

Hopefully AD will answer you, with I'm guessing, something very much along the same lines.

RenovationMan

Graham_Devon wrote: »

Oh christ.

OK. My bad.

Hopefully AD will answer you, with I'm guessing, something very much along the same lines.

Well lets hope he doesnt because I havent asked anything about Hamish.

tara747

lostinrates wrote: »

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....

+1

Great post LIR. If he couldn't afford to buy in 2004 (and it sounds like he couldn't), he made the right decision not to buy. The subsequent IR rises up to 2007 (3.75% to 5.75%) may have pushed him over the edge.

FWIW, I couldn't afford to buy when I first started looking in 2004/05 - I had finally saved up a few £ but the boom had started to gather pace by then and houses here were going 40-50% over asking. I was horrified, then did some research, made my own decision not to buy and kept saving.

Some of my friends took the plunge in 2005-07 and are now in massive negative equity, while I am sitting on a very good deposit (see sig) and so is OH. We will buy when the price and the house are right, and our mortgage will hopefully be <10 years. I have to admit, there were times in 2006 and 2007 when I got very despondent, but when the crash started I felt vindicated. And I thank my lucky stars (and my own judgement) that I didn't buy.

And before anyone asks why I didn't buy earlier than 2004, I was too young and had only just started working!!

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?

Good idea, I'm sure there are a lot of people in that position (I know some of them personally).

Joeskeppi wrote: »

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.

I feel sorry for him too, because he sounds depressed. Yes, he has been unlucky with LLs too. But nobody has a 'right' to buy a house, and his reference to 'liar loans' rankles slightly.