House prices need to drop 40% to be affordable discussion

DervProf

geneer wrote: »

Soz, Comment was directed at JulieQ derv but I forgot to quote her.
She really could do with a nice cup of calming chamomile or something.

Worth a try.

I'll go and stick the kettle on then.

RenovationMan

DervProf wrote: »

You forgot......

2012: Hi, I'm Rennoman, did I mention that I`ve taken advantage of low interest rates ?
2013: Ditto.
2014: Ditto.
2015: Ditto.

Assuming interest rates stay low, of course.

Hang on, why assume ? RM said they will.

As opposed to the trite:

2012: Hi I'm dervprof, I hate the fact that people are taking calculated financial risks while I'm afraid too and have had my life on hold since 1995. What I really hate though is that I argued against that gamble until I was blue in the face but annoyingly RenovationMan out argued me and was proved right and it burns me up so much that I have to keep going on about it. I cry myself to sleep every night with the anger and bitterness of it all. I'm so damned jealous it hurts.
2013: ditto
2014: ditto
2015: ditto :rotfl:

Pimperne1

Graham_Devon wrote: »

Infact, I really do quite like this analogy!

"The ships going to sink"

"Don't be so silly, the ship is not going to sink"

2 hours later...

"The ships sinking"

"Yes, but its not sunk completely, you are wrong".

3 hours later

While climbing aboard the RNLI lifeboat "I told you the ship was going to sink".

"You are wrong, I said it wasn't going to sink. It only sunk 40% before they started yo rescue it and it's now being tugged ashore, you were completely and utterly wrong you complete and utter ignorant bafoon"

"So it didn't sink then?"

"No, not at all. I was right. It only sunk 90%. You are an idiot of the highest order, conning people into thinking they were in danger, yet we are all sitting on this lifeboat and all absolutely fine apart from those few but they don't count as they didnt drown because the ship was sinking, they drowned because they let go off what they were holding on to - you are completely and utterly wrong, and I hope you are embarrased by yourself - infact, I am going to now follow you around for the next 2 years to tell you just how wrong you were- ha ha ha, you idiot".

Or my version from a couple of months ago:

A flight with Gneer:

"This is the pilot, we are now flying at 140,000 feet"
Gneer "We're going to crash"
"This is the pilot, we are now flying at 150,000 feet"
Gneer "We're going to crash"
"This is the pilot, we are now flying at 160,000 feet"
Gneer "We're going to crash"
"This is the pilot, we are now flying at 170,000 feet"
Gneer "We're going to crash"
"This is the pilot, we are now flying at 180,000 feet"
Gneer "We're going to crash"
"This is the pilot, we are now flying at 170,000 feet"
"This is the pilot, we are now flying at 160,000 feet"
"This is the pilot, we are now flying at 150,000 feet"
"This is the pilot, we are now flying at 148,000 feet"
Gneer "Told you so"
"This is the pilot, we are now flying at 150,000 feet"
Gneer "Yeah, but we crashed a while back"
"This is the pilot, we are now flying at 160,000 feet"
Gneer "Yeah, but you'll never recover from the crash and you are going to crash again"
"This is the pilot, we are still flying at 160,000 feet"
Gneer ........

geneer

Rinoa wrote: »

Hmmm. I'd like to see that prediction. Care to give us a link?

Care to give us a link where I ever said otherwise?

Rinoa wrote: »

BTW I see according to ESPC that Edinburgh prices are still £30k higher than when you joined HPC. Still, your landlord must be ever so happy.

Did you see how much lower they were than last month?

Rinoa

geneer wrote: »

Care to give us a link where I ever said otherwise?

Did you see how much lower they were than last month?

So, there is no evidence to back your 35% off prediction.

I saw how Edinburgh prices were £30k higher than when you joined HPC 6 years ago.

Pimperne1

Rinoa wrote: »

Hmmm. I'd like to see that prediction. Care to give us a link?

BTW I see according to ESPC that Edinburgh prices are still £30k higher than when you joined HPC. Still, your landlord must be ever so happy.

Actually I am pretty sure the prediction must exist or he wouldn't be promoting it so.

As with you, I would like to see the context in which it was made.

Jimmy_31

RenovationMan wrote: »

As opposed to the trite:

2012: Hi I'm dervprof, I hate the fact that people are taking calculated financial risks while I'm afraid too and have had my life on hold since 1995. What I really hate though is that I argued against that gamble until I was blue in the face but annoyingly RenovationMan out argued me and was proved right and it burns me up so much that I have to keep going on about it. I cry myself to sleep every night with the anger and bitterness of it all. I'm so damned jealous it hurts.
2013: ditto
2014: ditto
2015: ditto :rotfl:

The single mum you mentioned earlier in this thread also took a financial risk.

Pimperne1

Jimmy_31 wrote: »

The single mum you mentioned earlier in this thread also took a financial risk.

That's refreshing, I thought you were going to mention that prices were crashing round your way!

MrRee_2

People are snapping up property where I am looking to buy .... it's really annoying.

There is no HPC, will never be any HPC, I was one of those hoping for one ...... it ain't happening folks, forget about it.

If you need a house to live (other than with Mummy and Daddy) then there are only two choices:-

1. Buy and pay less than the rental for a mortgage .... own outright after about 20 years, no more payments for life.

2. Rent and pay an ever escalating rental .... pay it forever, maybe 80 years?

A blind man on a galloping horse can see that Number 1 is the only logical intelligent way to go ..... and why prices will never really crash. Just bob up and down +/- 10% ...... not enough not to buy IMO.

RenovationMan

Pimperne1 wrote: »

That's refreshing, I thought you were going to mention that prices were crashing round your way!

Or go on about how he lives in a Northern slum. Worst.. pretent.. northerner.. ever..