HPC Closes It's Doors

Pimperne1

MrRee wrote: »

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.

Unfortunately the flaw in your reasoning is that they will, firstly, be paying well below market rate for their rental property (through learning on HPC how to obtain the lowest rent - in fact their landlord will be subsidising them). Secondly, they will be investing their deposit in a way which will outstrip any potential gains in HPI. Thirdly they will be avoiding the crippling maintenance bills that all HOs have to cope with. Fourthly, even if you make a considerable amount from HPI and they don't make much from their investment (unlikely) then the Government will make you pay for your own residential care when you are elderly and infirm.

MrRee_2

Pimperne1 wrote: »

Unfortunately the flaw in your reasoning is that they will, firstly, be paying well below market rate for their rental property (through learning on HPC how to obtain the lowest rent - in fact their landlord will be subsidising them). Secondly, they will be investing their deposit in a way which will outstrip any potential gains in HPI. Thirdly they will be avoiding the crippling maintenance bills that all HOs have to cope with. Fourthly, even if you make a considerable amount from HPI and they don't make much from their investment (unlikely) then the Government will make you pay for your own residential care when you are elderly and infirm.

Unfortunately, the flaw in what you say above is ..... well, how can I put this? ALL OF IT!!!

Simple observation .... in 30 years those who choose to rent will be paying around £800 in todays money .... STILL.

The renters will still be living in the very same 2 bedroom house (or be paying £2000 a month for somewhere to equal that of a buyer) .... buyers have probably moved a few times and now live in a 5 bedroom house with lovely gardens approaching 1/2 acre.

The buyers have very little debt (if any) - renters own nothing - yet are still paying rent.

Give your children the house and outlive the gift by 7 years and it cannot be touched for old age care ..... or, buy a small flat and spend the £500,000 cashback you have just received.

It is a no brainer ..... and only no-brainers continue to rent.

reweird

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.

How a man could put his family out of their home and on to the streets to the mercy of the wolves just to attempt to make a few extra pennies in a dangerous gamble is beyond me, and all good right thinking individuals. It is reprehensible. An abomination. Idiots who gamble with their own and other loved ones life's should loose everything.

Pimperne1

MrRee wrote: »

Unfortunately, the flaw in what you say above is ..... well, how can I put this? ALL OF IT!!!

Simple observation .... in 30 years those who choose to rent will be paying around £800 in todays money .... STILL.

The renters will still be living in the very same 2 bedroom house (or be paying £2000 a month for somewhere to equal that of a buyer) .... buyers have probably moved a few times and now live in a 5 bedroom house with lovely gardens approaching 1/2 acre.

The buyers have very little debt (if any) - renters own nothing - yet are still paying rent.

Give your children the house and outlive the gift by 7 years and it cannot be touched for old age care ..... or, buy a small flat and spend the £500,000 cashback you have just received.

It is a no brainer ..... and only no-brainers continue to rent.

Okay, you've convinced me.

bingobob777

reweird wrote: »

How a man could put his family out of their home and on to the streets to the mercy of the wolves just to attempt to make a few extra pennies in a dangerous gamble is beyond me, and all good right thinking individuals. It is reprehensible. An abomination. Idiots who gamble with their own and other loved ones life's should loose everything.

The proceeds of my house sale are sitting earning interest, if I lost my job I'd have a money to see me through a reasonable period of time.

If I lost my job while paying the mortgage, I'd have none.

So what are you talking about?

Bye the way, I sold and moved to Australia and am renting there with a view to moving back to the UK in 3 1/2 years and buying a bigger house so your point doesn't apply to me at all anyway, but your logic is still flawed :money:

MrRee_2

I thought, once you were given the facts, that you would see it my way

julieq

There's no seven year rule on disposal of assets for care bill purposes. There is for inheritance tax, but that's different. Care bill assessment is effectively unlimited. As probably it should be in my opinion from any normal view of fairness. You should use your own assets when you have them to provide yourself with care into old age.

Pimperne1

julieq wrote: »

There's no seven year rule on disposal of assets for care bill purposes. There is for inheritance tax, but that's different. Care bill assessment is effectively unlimited. As probably it should be in my opinion from any normal view of fairness. You should use your own assets when you have them to provide yourself with care into old age.

Do'h now I'm back to wondering whether it would be better to take out a mortgage and pay roughly the same amount for the next 25 years and then nothing (except a massive maintenance bill each year), or whether to pay rent of around the same amount now which will increase with inflation each year and which I will still pay after the 25 years is up (and until I die). MrRee guide mee.

sabretoothtigger

To close its doors they'd have to go ahead and buy the house first

Sibley

HPC...AT LAST THE TRUTH.

I've always said the members of HPC never had the means to buy. That's why the bitterness.

At last.

This thread explains everything.
They are bottom feeders priced out. I feel sorry for them but it's not our problem they cannot afford a house.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=171313