Why do many people on here seem to think that rising house prices are good?

PosterBoy77

ukbondraider wrote:

I dont think anyone actually thinks house prices rises are good on the whole well except those who have recently bought a house.

The problem on this site is that you get too many of the same boring arguments from the same people who year after year, interest rate rise after interest rise, any sniff of postable negative news after any sniff of postable negative news frequently trying to persuade the market to crash. As a result people refer to them as doom mongers because they have been blabbing the same old rubbish for the last 4/5 yrs.

Amongst the rubbish will be good info but because its so recurring it does get a little annoying.

I will bet during next week we will have 2 or 3 more House Price crash threads.

Does that mean you think that there will never again evere be any decrease in the value of UK house prices? If you find it boring that people have discussed it, then don't read what they have to say.

Guy_Montag

mikael wrote:

Even if your mortage is worth more than your house, is that alone a huge problem? People buy cars with loans where the outstanding debt can be more than what the car is worth. Many mortgage lenders are now allowing people to borrw 125% the value of their home, so it would still be possible to move even with negative equity.

Suppose you have a fixed rate deal, say 5.5%, you come to the end of your term & it's time to re-mortgage as you have done in the past. Only this time no-one will give you a competitive rate, after all you're trying to get a 110% mortgage. That means you get stuck with the bank's SVR of 7.5%. Nasty!

advent1122

3 pages is my bet.

nogginthenog

I pesonally want interest rates to rise because i fundamentally believe it benefits the thrifty amongst us. Low interest rates tend to benefit the vulgar
,who tend to borrow to fuel there own insecurities in life which in turn fuels higher prices in the shops, ie people just pay the asking price and vendors push up there prices knowing people will pay anything.
In my personal opinion there is a nice area around 6% to7% which is a nice balance and keeps everybody happy,bosses are always telling me(i am a part time union rep) high interest rates are bad for busiiness,but they are never happy ,people are still shopping but watching prices. and thank goodness the 'buy to let generation' will be at a end
If and when interest rates ever get to double figures then is the time to worry,so for me not too low and not too high is the order of the day.

leftieM

Al_Mac wrote:

Except for those with savings. Apparently there is more money saved that leant

Okay so it's not poo for everyone. It'd be bad for me and that's all that matters .

DawnW

nogginthenog wrote:

I pesonally want interest rates to rise because i fundamentally believe it benefits the thrifty amongst us. Low interest rates tend to benefit the vulgar
,who tend to borrow to fuel there own insecurities in life which in turn fuels higher prices in the shops, ie people just pay the asking price and vendors push up there prices knowing people will pay anything.
In my personal opinion there is a nice area around 6% to7% which is a nice balance and keeps everybody happy,bosses are always telling me(i am a part time union rep) high interest rates are bad for busiiness,but they are never happy ,people are still shopping but watching prices. and thank goodness the 'buy to let generation' will be at a end
If and when interest rates ever get to double figures then is the time to worry,so for me not too low and not too high is the order of the day.

I have savings but also have a bit of a problem with those who haven't at this stage being referred to as ' the vulgar'?

tomstickland

He wasn't saying that though.

bazzzz

Rising house prices are good because you can use your house as a cash machine and buy lots of stuff you can't afford like 4x4s and plasmas and designer clothes and go skiing twice a year in America, so that you can give the neighbours and strangers in the street the impression you are more successful financially than you actually are and to hide the fact you are an inadequate human being who is probably very greedy for exploiting the bank's negligent lending practices.

And when you can't afford the repayments you get an IVA and keep all the loot despite the fact you knew right from the start you could not afford to do any of this.

That's why rising house prices is a good thing.

bazzzz

Rising house prices is good because you can use your house as a cash machine and buy lots of stuff you can't afford like 4x4s and plasmas and designer clothes and go skiing twice a year in America, so that you can give the neighbours andRising house prices are good because you can use your house as a cash machine strangers in the street the impression you are more successful financially than you actually are and to hide the fact you are an inadequate human being who is probably very greedy for exploiting the bank's negligent lending practices.

And when you can't afford the repayments you get an IVA and keep all the loot despite the fact you knew right from the start you could not afford to do any of this.

That's why rising house prices is a good thing.

Martinslovechild

You can say that again

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