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Debate House Prices
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what do the HPC mob think prices will drop too
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I didn't know what HPC meant - just been googling and read their forum. Innntteeerestiiing :rotfl:
Mark Twain said something like 'Buy land, they aren't making it any more'. I tend to agree with him. Long term at least.0 -
The quality of the debate there is now really poor. The major contributors there left years ago (Bubb, FP et al). The debate can be described as fringe now at best and completely mentalist on the other hand. The HPC happened and in nominal terms is now complete. As for real price falls? I dont see much in the way of significant wage rises any time this decade as sentiment is going to be decidedly poor for a long time.
I pop across to Greenenergyinvestors (google it) now and then (bubbs forum), there are one or two gems over there now and then amongst the mirth of crud...
I do believe the time of house prices as a appreciating asset class (defined as >2% CPI growth) are now over and equities will come back into the fold... we are approaching a massively capitalist approach to the globalized economy and one that if you are smart, can benefit significantly. The FTSE 250 is the index I am looking at at the mo.
And to be honest I don't think the owners of that site really want there to be a property crash, for as long as they can keep their audience hooked on hope of a crash their little cash cow remains.
And you will hardly ever see any kind of proactive talk on that site, please someone correct me if I am wrong.
Can you imagine if they got their heads together with other similar groups and formed a proper campaign. My first idea would be to start a GRIT YOUR TEETH FOR A YEAR campaign, those renting double up, move back in with mum and dad for a year, sleep in someones spare room, anything that puts pressure on landlords, they could not handle those size voids for long.0 -
To get back to the original question "What do the HPC mob think will drop too"? Is it "Posts on CreditCrunch.co.uk"? For a whole website to have four posts yesterday and the same number today must surely spell the end (and the British Library have dropped them from their Archive too by the looks of it).
Notwithstanding that there have been so few posts I note that the front page shows they have had 104 guests in the last 90 minutes. 4 posts all day but 1600 people come on to read them:
http://www.youtube.com/watch?v=Bb5ndRhEzf80 -
Wow, another post over there. :beer: 3 members have visited in the last 90 minutes and only another 123 visitors. Like to know the formula for getting people to visit so regularly when there is nothing more to see.0
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You are like the rainman of housing markets:D
Creditcrunch has been offline for an hour and a half now. I suspect when it comes back on there will be no new posts, no member visits but 120+ unregistered visitors during the period.
http://www.youtube.com/watch?v=6ZgxjtES1NY&feature=related
Edit to say it came back up at 2359 and has 87 new visits over the period when it was down. Couldn't make it up. I wonder why they were banned from the British Library Archive (probably geneer related as I don't think his type of posts were the kind they had in mind for posterity).0 -
The HPC site is over. It's just full of nasty little man-babies who hold extremely vile bigoted views.
Most of the vile views I have been reading of late are yours, your attitude towards young adults in particular.
My particular view on HPC is a of large(or was large at one point) group of people(some motivated by greed) who are priced out of the property market. The members of that site are extremely misguided in my opinion, but that does not make them bad people.
What is wrong with wanting cheap affordable housing or food or heat or water or education etc etc.
It's all very well coming out with that silly dumb argument of "well in my day" which makes most of those that say it sound like some idiot characture from northern sketch on monty pyphon.
Housing is one of the things we should be concentrating on to make cheaper as moral duty.0 -
End of day we are where we are - some refuse to accept things as they are and hope for more affordable housing - affordable to there situation. That doesn't mean houses are unaffordable for everyone. I would mind a flash sports car but it's not affordable to me so I keep my current car. Likewise owning a home will never be affordable to some with there current lifestyle choices. We very much live in a I want it all culture0
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moneyinmypocket wrote: »End of day we are where we are - some refuse to accept things as they are and hope for more affordable housing - affordable to there situation. That doesn't mean houses are unaffordable for everyone. I would mind a flash sports car but it's not affordable to me so I keep my current car. Likewise owning a home will never be affordable to some with there current lifestyle choices. We very much live in a I want it all culture
??
Sorry, hardly understood any of that, and the bits I did was just nonsensical rambling.
The comparison with flash cars and and housing, what a dumb example.
My goals in life would be for my fellow Brits to eat well, keep warmer, and have a good education, thats what we strive for as a so called democratic decent society.
Your thinking seems to be "thats the way it is", what a defeatist depressing world you want for the future.0
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