So The Bulls Keep Bleating On About FTB's

wolvoman

geneer wrote: »

Struggling with the point of this one.

Are you saying you could not have bought a similar house for a reduced price in 2008/2009/2010/2011? Probably not.

Or are you looking for congratulations on your foresight in picking a life time tracker in the full knowledge that a collapse in the global financial markets and a crash in house prices would force emergency base rates. Certainly not. :rotfl:

Or are you looking for congratulations on having a capital payment mechanism for an interest only mortgage.
Which is a given surely.:D

I was merely replying to a point made by someone that suggested anyone who bought between 2006 and 2008 was stupid. Plainly that is incorrect.

I'm also making a point that it doesn't really matter when you buy as there are so many variables. You may have lower prices but higher mortgage rates. Or higher prices but lower mortgage rates. And what good are low house prices if the economy is knackered and you don't have a job to buy a house in the first place.

Fact is, if you work hard, save hard then you can afford a house.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Gosh Graham, is that why you didn't sell the fraction of a house you own, and then buy back a bigger fraction after the crash you're so sure is coming?

Shame on you.

Oh, and I don't see you placing bets on house prices falling.... Happy to play the stock market, but not convinced enough about falling prices to even chuck a cheeky grand on the spread bet index.

Oh dear.... Money, mouth, etc....

Oooh. Someones getting tetchy.

geneer

Jimmy-p wrote: »

I,m a builder so sorry for my grammer, not my usual day job,,,,,but a liar I'm not,,,can you say the same??????

Don't worry about it Jimmy. Spamish's day job seems to be posting on this forum.

7000+ posts since Jan 2009. Plus a few thousand more on HPC and various which he joined circa 2007/2008 to tell everyone how house prices wouldn't fall. :rotfl:

I guess practice makes perfect.

Besides which, if you had simply posted the same things again, and again and again and again and again and again, you'd be managing to perfect the grammar yourself.

geneer

wolvoman wrote: »

I was merely replying to a point made by someone that suggested anyone who bought between 2006 and 2008 was stupid. Plainly that is incorrect.

Plainly it it. Its also a generalisation. Move along.

wolvoman wrote: »

I'm also making a point that it doesn't really matter when you buy as there are so many variables. You may have lower prices but higher mortgage rates. Or higher prices but lower mortgage rates. And what good are low house prices if the economy is knackered and you don't have a job to buy a house in the first place.

Easy to say in retrospect.
But working in chronological order, how many points should be awarded for dumb luck.

wolvoman wrote: »

Fact is, if you work hard, save hard then you can afford a house.

Now that is stupid, under the circumstances.

DervProf

Jimmy-p wrote: »

Must have too much money if he can afford to buy a house and doesn't care if it looses value,,been listening to too much wrong advice,,,buyers market just now,,,was that not said 6 months ago and now values have dropped so is his Investment, that is correct, a HOUSE IS AN INVESTMENT.
Hamish, if buying houses is a certainty of not loosing, put your money where your mouth is and buy a street

I`m a bit confused by what you are trying to say, but I will say this.....

It shouldn't matter too much how much his house is worth in the future. I paid a fair amount of money (at the time) for my place. It is now as good as paid for, and maybe worth 3 times what I paid for it. For all I care, it could be worth 3 times less than I paid for it. I am simply not bothered by it's value, as I have lived in my house for over 15 years and buying it never left me short of spare cash to enjoy as I wish. In fact, if the value of my home was half what it is today, it would open up the possibility of me being able to move house without having to take on another mortgage. Indeed, if the value of my house was worth half what I paid for it > 15 years ago, I don't think I`d be kicking myself, whishing I'd have waited before buying. I have refused to be believe in the promised land of HPI = wealth, unlike so many others. If there were more people like me, maybe we wouldn't be in the mess we are in today (BoE scared to death of raising interest rates. Mortgage payers scared to death of rising interest rates. Prospective home buyers being seduced into taking on very large debts, if the banks will sanction them).

Percy1983

Jimmy-p wrote: »

I have 2 houses in UK and an apartment in Tenerife,,no debt on them,,,,,would I buy another House just now,,,no chance. I used to buy and sell property, IMPOSSIBLE to make money now from that. MSE need to have a big look at themselves for allowing posts telling people to buy property, as buyers WILL LOOSE MONEY, fact

I won't loose a penny if I buy tomorrow, I will be paying a mortgage I am happy with and will have a home to which all being well after 25 years will bee 100% mine, if it has gone up or down in value makes no difference as it will get passed on to my children to which a house is a house whatever the value split it in 2 and my 2 children will have 50% of a house each which should make there lives easier.

Anyway what is the alternative? pay a mortgage on a varying value asset for 25 years and have a home at the end of it or pay rent for 25 years and have nothing to show for it?

So to buy soon and 'lose' money seem the best option to me if I just want to get on with life.

ukcarper

Percy1983 wrote: »

I won't loose a penny if I buy tomorrow, I will be paying a mortgage I am happy with and will have a home to which all being well after 25 years will bee 100% mine, if it has gone up or down in value makes no difference as it will get passed on to my children to which a house is a house whatever the value split it in 2 and my 2 children will have 50% of a house each which should make there lives easier.

Anyway what is the alternative? pay a mortgage on a varying value asset for 25 years and have a home at the end of it or pay rent for 25 years and have nothing to show for it?

So to buy soon and 'lose' money seem the best option to me if I just want to get on with life.

I think that‘s the right attitude. I now own my house and am very happy that I don’t have to pay rent and it wouldn’t make much difference to me if it was worth half what it is.

Jimmy-p_3

Jimmy-p wrote: »

I,m a builder so sorry for my grammer, not my usual day job,,,,,but a liar I'm not,,,can you say the same??????

Silence from hamish,,,,must be truth hurts.
Must be lonely in the village tonight

DervProf

It seems I`m not alone in my view that my house if for living in, not to make me feel that I am getting wealthier out of it. The only thing I want house prices to do is be affordable for the next generation of buyers, and not to put them, and our banks at risk of financial trouble, due to too many eggs being in one basket.

Percy1983

DervProf wrote: »

It seems I`m not alone in my view that my house if for living in, not to make me feel that I am getting wealthier out of it. The only thing I want house prices to do is be affordable for the next generation of buyers, and not to put them, and our banks at risk of financial trouble, due to too many eggs being in one basket.

Dare I say I have my dad to thank for my view point, he saw it as wealth and what started as a £25k mortgage 25 years ago is now £36k outstanding with 9 years until he is 65.