May Nationwide MoM +0.3% YoY -1.2%

debtistheft

Kohoutek wrote: »

What do you mean by this then?

All the way through I have stated that I don't like debt and I don't think that property is a good investment. I have stated scenarios where you property bulls could make money from property because you cannot see beyond bricks and mortar.

All you have done with your Bull pack gang-up is to prove my point that it is insane to get yourself into debt for investment purposes. The risk of losing everything is too great.

If I have £100k to invest I can put it into shares. If the stockmarket falls 50% I stand to lose £50k. I

If I have £100k to 'invest' in a property and borrow a further £200k to buy a £300k property. If this property loses 50% of its value I am £150k down. I am wiped out.

You guys just don't see it and you never will, so I am going to leave this forum. I am RennovationMan's sockie. Goodnight.

Pete111

debtistheft wrote: »

All the way through I have stated that I don't like debt and I don't think that property is a good investment. I have stated scenarios where you property bulls could make money from property because you cannot see beyond bricks and mortar.

All you have done with your Bull pack gang-up is to prove my point that it is insane to get yourself into debt for investment purposes. The risk of losing everything is too great.

If I have £100k to invest I can put it into shares. If the stockmarket falls 50% I stand to lose £50k. I

If I have £100k to 'invest' in a property and borrow a further £200k to buy a £300k property. If this property loses 50% of its value I am £150k down. I am wiped out.

You guys just don't see it and you never will, so I am going to leave this forum. I am RennovationMan's sockie. Goodnight.

Careful - it's a jungle out there in the real world dontchaknow.

ess0two

debtistheft wrote: »

All the way through I have stated that I don't like debt and I don't think that property is a good investment. I have stated scenarios where you property bulls could make money from property because you cannot see beyond bricks and mortar.

All you have done with your Bull pack gang-up is to prove my point that it is insane to get yourself into debt for investment purposes. The risk of losing everything is too great.

If I have £100k to invest I can put it into shares. If the stockmarket falls 50% I stand to lose £50k. I

If I have £100k to 'invest' in a property and borrow a further £200k to buy a £300k property. If this property loses 50% of its value I am £150k down. I am wiped out.

You guys just don't see it and you never will, so I am going to leave this forum. I am RennovationMan's sockie. Goodnight.

PPR - Oh dear:rotfl:

shortchanged_2

ess0two wrote: »

PPR - Oh dear:rotfl:

What does PPR mean ess0two?

ess0two

shortchanged wrote: »

What does PPR mean ess0two?

Banned from posting,as if you did'nt know,lol.

shortchanged_2

ess0two wrote: »

Banned from posting,as if you did'nt know,lol.

Actually I had no idea, not that you would believe me anyway as you've obviously made up your mind.

geneer

IveSeenTheLight wrote: »

Hmmm.
Stagnation is http://dictionary.cambridge.org/dictionary/british/stagnate?q=stagnation

Indeed. The value of houses should not grow or develop.

The last time they didn't keep up with inflation, well golly gosh if they didn't call it a crash.

IveSeenTheLight wrote: »

Hmmm.
Stagflation is http://dictionary.cambridge.org/dictionary/british/stagflation?q=stagflation


In terms of house prices (which is what we are discussing) would that mean that poor old geneer believes were stagflating.

I'm quote comfortable with my assessment that in the last couple of years, house prices have stagnated

Indeed, poor old geneer is clinging with desperation to "real term" valuation falls whilst nominally prices aren't changing much.
Rather than compare against general inflation, he should possibly compare against wage inflation.

Nevermind, nothing really to concern me.
My properties equity continue to increase month on month as the debt is paid down, whilst he is helping his LL to do the same

Sorry Lite. You appear to have pulled that one from a place where your light don't shine. "an economic condition in which rising prices"
What rising prices would those be. Whoops. Fallen at the first hurdle.

IveSeenTheLight wrote: »

Nevermind, nothing really to concern me.

That will be why you ended up crawling over internet dictionaries then. :rotfl:

IveSeenTheLight wrote: »

My properties equity continue to increase month on month as the debt is paid down, whilst he is helping his LL to do the same

Ah yes. No over-compensation going on there then. :A

geneer

IveSeenTheLight wrote: »

I'm quote(sic) comfortable with my assessment that in the last couple of years, house prices have stagnated

Ah. I see.
So your idea of price stagnation are prices spiking up then dropping back down again.

Might want to rethink that one lite.
Gosh, you bulls do like to ignore the bits in the middle eh.

Pimperne1

geneer wrote: »

Ah. I see.
So your idea of price stagnation are prices spiking up then dropping back down again.

Might want to rethink that one lite.
Gosh, you bulls do like to ignore the bits in the middle eh.

I think they are ignoring it because very few people bought or sold during the period between the peak, the trough and today. Unreasonable I know, they ought to pretend that we are still in the trough.

geneer

Pimperne1 wrote: »

I think they are ignoring it because very few people bought or sold during the period between the peak, the trough and today. Unreasonable I know, they ought to pretend that we are still in the trough.

:rotfl::rotfl::rotfl:Thats 3 years of your life wasted then innit pimp.