HPC Closes It's Doors

robmatic

joguest wrote: »

True - houses are depreciating assets if you're living in one. The costs of maintenance, mortgage interest, etc, outweigh any real term increase in value over the long term. If it's not rented out then it's not providing a return on the investment (other than a speculative gain if you happen to buy at the bottom and sell at the top of a speculative cycle).

Well, it's true if you're not aware of the concept of imputed rent.

bingobob777

geneer wrote: »

I've no idea how they possibly could have considered you to be a troll. :rotfl:

Well I do believe house prices are going to continue to fall, I've even STR. But some of them are so obviously over the top and daren't be questioned in their belief.

Erranta, Bear-Lite and Oracle are still members so being a crazy troll obviously isn't a reason to be banned, daring to disagree with any of the HPC establishment is another thing.

bingobob777

MrRee wrote: »

HPC wouldn't be so bad if it allowed an opposing viewpoint - which it doesn't - the usual losers just jump up and down shouting 'Vested Interest!!' ...... and then you find you have been banned for relaying what the reality is in the area you are house hunting!

They are a serious case of delussional individuals who wouldn't get on in the real world if their lives depended upon it!

My thought exactly.

Pimperne1

bingobob777 wrote: »

Well I do believe house prices are going to continue to fall, I've even STR. But some of them are so obviously over the top and daren't be questioned in their belief.

Erranta, Bear-Lite and Oracle are still members so being a crazy troll obviously isn't a reason to be banned, daring to disagree with any of the HPC establishment is another thing.

So's geneer!

doire_2

bingobob777 wrote: »

They appear to have banned me from posting both as bingbob777 and as a second log in I created.

Both times I dared question Bruce Banner's pompous, sanctimonious whining on about his belief that hordes of people invade HPC every day with nothing better to do than try and talk up the housing market.

The site does have some valuable information on it, but generally it's just a bunch of right wing, bitter, middle aged IT geeks

Another one!

benb76

In HPC logic, sellers trying to get the best price for their houses in the current day is pure greed. Whereas selling your house in 2004, in the belief that house prices will crash and you'll be able to buy an equivlent property at half the price, that's not greed at all!

I haven't looked for a while, but is it still the case that most of the renters are claiming to be paying rediculously low rent on properties that would be the equivalent of about 2-3% yield to the owner?

noodle_doodle

benb76 wrote: »

In HPC logic, sellers trying to get the best price for their houses in the current day is pure greed. Whereas selling your house in 2004, in the belief that house prices will crash and you'll be able to buy an equivlent property at half the price, that's not greed at all!

I haven't looked for a while, but is it still the case that most of the renters are claiming to be paying rediculously low rent on properties that would be the equivalent of about 2-3% yield to the owner?

Agreed, the mindset is BTL = evil, STR = good, though both are just as bad as each other from the "houses as homes rather than investments" viewpoint. Both the STR's and first-time buyers want prices to drop, but it's an alignment of hopes for two very different reasons. STRs want to get something for nothing whereas FTB's just want somewhere to live to call their own. My sympathies are with the second group.

Percy1983

noodle_doodle wrote: »

Agreed, the mindset is BTL = evil, STR = good, though both are just as bad as each other from the "houses as homes rather than investments" viewpoint. Both the STR's and first-time buyers want prices to drop, but it's an alignment of hopes for two very different reasons. STRs want to get something for nothing whereas FTB's just want somewhere to live to call their own. My sympathies are with the second group.

That would be me, nice to know some people still care about us who just want a home.

Thanks

HAMISH_MCTAVISH

doire wrote: »

Another one!

OK, seriously, banning the bulls I almost understand. It's a bit paranoid, but I can at least see where you're coming from.

But why on earth are you lot banning all these bears?

MrRee_2

benb76 wrote: »

In HPC logic, sellers trying to get the best price for their houses in the current day is pure greed. Whereas selling your house in 2004, in the belief that house prices will crash and you'll be able to buy an equivlent property at half the price, that's not greed at all!

I haven't looked for a while, but is it still the case that most of the renters are claiming to be paying rediculously low rent on properties that would be the equivalent of about 2-3% yield to the owner?

Very good observation you make there.

As far as I can work out a lot of posters have actually bought! Although not letting on ......

Another group, the sad group, will never buy ... ever ... for numerous reasons, the main one being that living at home with Mummy is a lot less scary than making their own way in the world - much less terrifying to act all big and brave on an internet forum.

If you want to get banned instantly, just mention that they are buying someone else's property for them - and that, in 30 years time, they will still be paying the current rate of rental - whereas those who have bought are free of monthly payments ........ that does it

They really are a bunch of losers.