anyone else want a CRASH...?

CB1979_2

manhattan wrote:

if you dont care about a future crash why keep arguing about peoples opinions here,on these type of threads?

you need to simmer down as well! lol there seems to be alot of anger in you do you see your house as an investment? or a home?

a home primarily that will HOPEFULLY increase in value over time, but if it doesn't it's no shakes.

i just like to be argumentative, I can see it from both points of view and yes I can see a lot of people getting into financial difficulty with continued interest rate rises and increase to their monthly bills, etc.

but I also don't see it guarantees a crash, which i think some people are incapable of looking at. They are hoping sooooo much for a crash, they're exactly the same type of people who say that house prices ALWAYS go up (but obviously with opposite arguments! lol)

They don't see the bigger picture of what it will do to the economy as a whole

They also seem to think it guarantees them getting on the ladder, when as has been discussed will probably mean the banks will drastically cut back on who they lend to, so will these people who want to jump on the ladder actually be able to get on it, with bigger deposits needed and higher interest rates?

As long as these people who want the crash don't come on here boasting how houses are now affordable to the average person earning an average wage, but they still CANNOT get on the ladder as they've lost their job through cutbacks at their company because of a recession!

sanfrancisco

CB1979 wrote:

what you really don't think there's more divorces & young single mothers nowadays compared to 15-20 years ago?

Divorce rates have remained pretty stable since 1981. Another misconception that is banded around all the time.

http://www.divorceuk.com/pages/keyissues/divrates.php

manhattan

abaxas wrote:

Everyone needs some cash. You cant borrow money if you have no job!

true, i would still pay off a bit of the mortgage though. IMO

abaxas

CB1979 wrote:

a home primarily that will HOPEFULLY increase in value over time, but if it doesn't it's no shakes.

i just like to be argumentative, I can see it from both points of view and yes I can see a lot of people getting into financial difficulty with continued interest rate rises and increase to their monthly bills, etc.

but I also don't see it guarantees a crash, which i think some people are incapable of looking at. They are hoping sooooo much for a crash, they're exactly the same type of people who say that house prices ALWAYS go up.

They don't see the bigger picture of what it will do to the economy as a whole

They also seem to think it guarantees them getting on the ladder, when as has been discussed will probably mean the banks will drastically cut back on who they lend to, so will these people who want to jump on the ladder actually be able to get on it, with bigger deposits needed and higher interest rates?

As long as these people who want the crash don't come on here boasting how houses are now affordable to the average person earning an average wage, but they still CANNOT get on the ladder as they've lost their job through cutbacks at their company because of a recession!

Agreed however you cannot place the blame on a 'crash' as the house price inflation is equally to blame.

People dislike financial stability however that is how money is made long term.

Speculation is only good, if you get out at the current time. I doubt any of use on this forum have enough savvy (or luck even!) to get out at the right time. We'll miss booms, we'll sell at bottoms etc.

However one fact always remains, the boom-bust cycle is unbreakable in a capitalist society, greed creates boom then eventually destroys it.

manhattan

CB1979 wrote:

a home primarily that will HOPEFULLY increase in value over time, but if it doesn't it's no shakes.

i just like to be argumentative, I can see it from both points of view and yes I can see a lot of people getting into financial difficulty with continued interest rate rises and increase to their monthly bills, etc.

but I also don't see it guarantees a crash, which i think some people are incapable of looking at. They are hoping sooooo much for a crash, they're exactly the same type of people who say that house prices ALWAYS go up (but obviously with opposite arguments! lol)

They don't see the bigger picture of what it will do to the economy as a whole

They also seem to think it guarantees them getting on the ladder, when as has been discussed will probably mean the banks will drastically cut back on who they lend to, so will these people who want to jump on the ladder actually be able to get on it, with bigger deposits needed and higher interest rates?

As long as these people who want the crash don't come on here boasting how houses are now affordable to the average person earning an average wage, but they still CANNOT get on the ladder as they've lost their job through cutbacks at their company because of a recession!

as a ftb'r i dont want a full on crash, just a correction.

CB1979_2

sanfrancisco wrote:

Divorce rates have remained pretty stable since 1981. Another misconception that is banded around all the time.

http://www.divorceuk.com/pages/keyissues/divrates.php

ok how about less marriages then

can you tell I'm clutching at straws on this one! lol

meanmachine_2

House price crashes are caused by house price inflation.

Those wanting their house to go up in value are the real enemy.

You can't have a bust without a boom.

Not that we're in "boom/bust" territory with HPI at 9.5%. The Bank of England successfully engineered a soft landing last year, didn't you know?

That soft landing's about as mythical as the Beast of Craggy Island, which famously has four a*ses where its mouth should be.

Not unlike the Bank of england. Except that has nine a*ses.

roswell

((I'm not scared of a house price crash, I don't give a f*ck if it happens or not, I have my home I can afford my monthly payments and I have a pile of cash in the bank.))

If your planning for a recession its no good having apile in the back, working on the assumption like you point out further down that unemployment will be high its a good point o stick it in the mortgage before you get accusued of depreciating an asset once your jobless,

Lets be honest here, if your going to go for security againsts something thats expected you would be best off making this pile a small stash of 6 months livving expences and if you doo loose your job you can knock on the door of Gordon and ask for some help, if you have a pile of cash he isnt going to help you.

manhattan

sorry deleted my post by mistake.

as roswell said dont have a shed load of cash in the bank, as if you are made redundant they will expect you to live off your savings(as i found out)

i think it is called :deprivation of capital, if you give the money away, spend it, pay off your debts, buy an expensive car etc etc

if your a single person 6k savings
a couple 16k savings
i think? please correct me

roswell

What he said ^ "deprivation of capital" ... if its already in the mortgage and been there a few months they cant do anything. (belts and bracers approach)