Debate House Prices
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Some facts and figures please.
Sibley
Posts: 1,557 Forumite
I keep reading about some idiot on HPC named Bruce Banner.
He keeps going on and on about how much better off he is renting.
Acording to him the money has in the bank is more than paying his rent.
OK, he's obviously not renting a cesspit with a lump of dough like that in the bank. Let's say with average rent around £700 he MUST be in somewhere around the £800-£1000 a month mark?
Fair to say?
Next.
How much money would you need and in what bank to draw nearly a grand a month interest?.
I've got a feeling it would have to be a serious amount.
Now, would somebody with xxxxx ££££'s in the bank spend all their time !!!!!ing on a 2 bob website?
How did he come by this money as well? It wasn't with property. We know that.
Is he for real or just somebody flippin burgers in Mcdonalds?
I think I have known the answer for a long time. :rotfl:
He keeps going on and on about how much better off he is renting.
Acording to him the money has in the bank is more than paying his rent.
OK, he's obviously not renting a cesspit with a lump of dough like that in the bank. Let's say with average rent around £700 he MUST be in somewhere around the £800-£1000 a month mark?
Fair to say?
Next.
How much money would you need and in what bank to draw nearly a grand a month interest?.
I've got a feeling it would have to be a serious amount.
Now, would somebody with xxxxx ££££'s in the bank spend all their time !!!!!ing on a 2 bob website?
How did he come by this money as well? It wasn't with property. We know that.
Is he for real or just somebody flippin burgers in Mcdonalds?
I think I have known the answer for a long time. :rotfl:
We love Sarah O Grady
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Comments
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Rumour has it that is a sock puppet account for one of the mods.
We all know which mod.
Regardless, the spanner is a tool.
Ignoring the 1 in a million people who pay 2% rental yields and have their money in some kind of high interest above inflation super safe investment vehicle......
For most people rental costs are 5% plus and safe returns are 3% or less, so buying is the smart option.
As indeed yet another long term HPC poster announced this morning, having just bought.
(dropping like flies over there) “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
May I commend you on your desire to win this ever going battle on the internet with people you will never meet, because, even if you did have the chance, you wouldn't.0
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Who really gives a flying sh**.
Sibley get a life and just stop looking on the HPC website if it bothers you so much. It really is a bit of a freaky obsession.0 -
My favourite statistic would probably be the forecast accuracy ratings for Capital Economics.
This uber-bearish "consultancy" have been calling the top of the market since 2003, and then conceded in August 2007 that they had been wrong all along and that boom conditions would continue.
How wrong can you be?0 -
For Spamish and Simpley HPC has been like prison.
They might have gotten out, but they never truly leave.0 -
I keep reading about some idiot on HPC named Bruce Banner.
He keeps going on and on about how much better off he is renting.
He is entitled to his views. So why worry about it so much?
Those of us who bought over the last 40 years and now live rent free know for a fact that buying was infinitely better than renting. But who are we to say this will be the case in the future?
Live and let rent.0 -
Loughton_Monkey wrote: »He is entitled to his views. So why worry about it so much?
My feelings as well. I find it hard to articulate how little I care whether someone I don't know chooses to rent or buy a house. In fact, I couldn't care less whether people I do know choose to rent or buy.0 -
Perfectly possible to rent for less than the monthly I/O mortgage payments for the same kind of place.
I speak from experience, but I am living in London, which has its property nicely* "propped up" compared to the rest of the UK which is doing less well...
*if not moneysavingtastically :money:Long live the faces of t'wunty.0 -
270k at 5% gives me 1k a month.tax freeIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
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