HPC bear called vile on Radio 5.

ILW

Dan: wrote: »

This was not bearish opinions - the guy said people deserve to be in NE.

[/QUOTE]

Any other item you buy is normally in negative equity the second you take it out of the shop. Why is it considered so terrible if it's a house. Surely NE is of little consequence if you have bought the place to live in rather than some sort of "investment".

Cleaver

Any other item you buy is normally in negative equity the second you take it out of the shop. Why is it considered so terrible if it's a house.

Are you really asking this question? Because when you buy any other item like a bed, or coffee, or a TV, or a pair of shoes you don't take out a loan of hundreds of thousands of pounds against it.

If you buy a house for £130,000 with a mortgage of £100,000, the house falls in value to £90,000, you lose your jobs and have to sell it then you've lost £40,000. This is why it's considered different to be in NE with a house than it is with a pair of shoes.

I'm trying to work out whether you're just trolling or actually don't understand this rather simple distinction between a house and other things you buy.

ILW

Cleaver wrote: »

Are you really asking this question? Because when you buy any other item like a bed, or coffee, or a TV, or a pair of shoes you don't take out a loan of hundreds of thousands of pounds against it.

If you buy a house for £130,000 with a mortgage of £100,000, the house falls in value to £90,000, you lose your jobs and have to sell it then you've lost £40,000. This is why it's considered different to be in NE with a house than it is with a pair of shoes.

I'm trying to work out whether you're just trolling or actually don't understand this rather simple distinction between a house and other things you buy.

Buying a house carries a certain amount of risk. I fail to see why someone should assume that is never going to fall in value. If you lose your employment and have not covered yourself either through savings or insurance you stand to lose all sorts of things. I believe much of the problems we have are caused by a blind belief that property values never fall.

Cleaver

ILW wrote: »

Buying a house carries a certain amount of risk. I fail to see why someone should assume that is never going to fall in value.

Completely agree. But I'm not sure what this has to do with your other statement, which is nothing to do with the point you just made:

Any other item you buy is normally in negative equity the second you take it out of the shop. Why is it considered so terrible if it's a house.

It's quite clearly a problem if you bought an asset for a certain amount on credit and then that asset falls below the amount you owe.

ILW

Cleaver wrote: »

Completely agree. But I'm not sure what this has to do with your other statement, which is nothing to do with the point you just made:

It's quite clearly a problem if you bought an asset for a certain amount on credit and then that asset falls below the amount you owe.

My point was that when people start consider a house an asset rather than a home it can lead to problems.

Any asset can fall in value (in fact most do) and this should be taken into account when purchasing it, whether using credit or not.

I say this as someone who first bought in early 1990 and spent around 10 years in a property that was worth less than I paid for it.

geneer

HAMISH_MCTAVISH wrote: »

Well good on Victoria Derbyshire for telling it like it is.

The truly shocking thing about this is not that she called him "vile".... that goes without saying..... but rather that the hpc-ers are such an extremist minority that they'd be outraged when someone states the obvious.

Just goes to show how out of touch they are with reality.

Talking about vile extremists, you'll never guess what this former HPCer said.


http://www.housepricecrash.co.uk/forum/index.php?showtopic=114338&st=0&p=1885051&#entry1885051
http://www.housepricecrash.co.uk/forum/index.php?showtopic=114338&st=120&p=1886039&#entry1886039

ruggedtoast

Cleaver wrote: »

This new username is possibily the one that signifies full mental breakdown.

My favourite one of his was "the ghuol centipede". That was apposite and a bit witty.

StevieJ

I thought it was funny that guy complaining about negative charactisation after 'knowing him for at least 30 nano seconds' after he has just had a go at someone that he doesn't know from Adam

doire_2

geneer wrote: »

Talking about vile extremists, you'll never guess what this former HPCer said.


http://www.housepricecrash.co.uk/forum/index.php?showtopic=114338&st=0&p=1885051&#entry1885051
http://www.housepricecrash.co.uk/forum/index.php?showtopic=114338&st=120&p=1886039&#entry1886039

Any wonder hamish got banned from HPC. He seems like he isnt right in the head.

evosy1978

You definately have to listen to the prior 15 minutes of the conversation before passing judgment... Victoria never called him vile she said his "comments" were vile.