Whatever happened to Freedom of Speech - HPC.co.uk

Kaminari_2

I have in my own country and i comes from a family of investors so have experience. The economy goes in cycles downturns should alway be factored into any decision.

PosterBoy77

Perhaps what we need is a good recession? This may well sort out the smug people who feel that just because they have been in a position to benefit from cashing in on rising house prices, that everything they have achieved is down to their hard work. People doing jobs we all need will still have work and people running real businesses will still make money. However it will clear out those who are just hanging onto the coat tails.

Kaminari_2

No doubt you are right.

Do you really think all those that are waiting for the HPC are going to be able to jump in?, I’m sure that those that have enough to buy outright or with a majority will be able to, the one that have already worked hard to build up some money, but what about those that have very little savings? A crash will only happen if interest rates go high again, will these people be able to afford the repayments even if the property value has halved? Repossessions will increase and money providers will tighten their criteria for lending making it equally hard. Buying a house in any circumstance is going to require some funding. Or do you see that the people that are financially stable with good cash flow from their properties already, taking advantage of the cheaper price from those of the brink of repossession? My properties average a yield of 15%, interest rates will have to increase to around this amount before it even starts to cause me a bother and as I have no intention of selling so I can see out a recession - a drop in the properties value will be irrelevant to me. And IF it all goes horribly wrong, what have I lost? I will be back with nothing and it the same position as all those waiting for the crash.

PosterBoy77

I'm sure many people waiting for a crash have not put their life on hold and put any savings they have under a matress! Those people who don't buy a house will probably be be investing and/or saving money rather than taking on debts which they would stand no chance of servicing if interest rates rise further. It would still be easier to a house if prices reduced and interests rates rose, as it would be quicker to save a proportion of what a house costs from earnings than now.

You may well be very lucky if you get an average yield of 15%, as most landlords do not.

Kaminari_2

We might have to agree to disagree about the affordability because i think that mental conditioning has a lot to do with success as well. I have little faith that the self pitying crowd will benefit from the crash because they will find some other excuse as to why they couldn't do it and find something else to blame.

I am perfectly aware that 15% is way above average but i was never into getting rich quick. I'm building slow and research intensively. I'm building my portfolio to last any down turn in the economy.

A guess all i'm saying and from my own experience is that you can blame, whinge, moan about the economy all you want but it is not going to get you any closer to meeting goals. Getting your own property can be done in any cycle.

movieman

Getting your own property can be done in any cycle.

Sure, any fool can fill out mortgage forms. The problem is paying it back when you've got 50% negative equity and interest rates have risen from 5% to 10%.

tara747

"Do you really think all those that are waiting for the HPC are going to be able to jump in?, I’m sure that those that have enough to buy outright or with a majority will be able to - yes, like me (£32K in savings with my boyfriend, we choose not to buy at current silly prices) the one that have already worked hard to build up some money, but what about those that have very little savings? A crash will only happen if interest rates go high again, will these people be able to afford the repayments even if the property value has halved? - absolutely! I'd far rather borrow £100K at 10% than £200K at 5%, in the £100K @ 10% situation the capital can be much more easily reduced by overpayment and rates are more likely to go down than up Repossessions will increase and money providers will tighten their criteria for lending making it equally hard - I long for the day when lending criteria are tightened and big deposits are required, we will have a good deposit Buying a house in any circumstance is going to require some funding." - indeed

christh

For all you HPC.co.uk haters, try reading the forum rules next time:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=21810

"When you first register on the forum you will automatically be in the 'New Members' user group. This usergroup means that you cannot start new topics in the "Main Discussion on House Prices" and the PM system is disabled.

After you have made a number of worthwhile post on the forum then you can request an account upgrade in the upgrade request subforum and the moderators will review your request."

Also:

"New Members are free to post in any of the existing topics without restrictions. However, new topics started by New Members in the "Main Discussion on House Prices" board are first placed in a queue to be approved by one of the moderators. This will normally take between a few minutes and an hour, but it may take longer at certain times of the day, for example if you post at 3am in the morning. Please do not start the same topic multiple times. Just wait for your started topic to be approved. It will then automatically appear on the forum."

Posting is a privilege not a right, etc. etc.

Woby_Tide

christh wrote:

Posting is a privilege not a right, etc. etc.

like owning a property?

cwcw

christh wrote:

For all you HPC.co.uk haters, try reading the forum rules next time:
http://www.housepricecrash.co.uk/forum/index.php?showtopic=21810

"When you first register on the forum you will automatically be in the 'New Members' user group. This usergroup means that you cannot start new topics in the "Main Discussion on House Prices" and the PM system is disabled.

After you have made a number of worthwhile post on the forum then you can request an account upgrade in the upgrade request subforum and the moderators will review your request."

Also:

"New Members are free to post in any of the existing topics without restrictions. However, new topics started by New Members in the "Main Discussion on House Prices" board are first placed in a queue to be approved by one of the moderators. This will normally take between a few minutes and an hour, but it may take longer at certain times of the day, for example if you post at 3am in the morning. Please do not start the same topic multiple times. Just wait for your started topic to be approved. It will then automatically appear on the forum."

Posting is a privilege not a right, etc. etc.

Well, it has been over a day since I posted the thread and, quelle surprise, it has not appeared. Could it be that your beloved website engages in one sided censorship and is, in fact, the biggest "vested interest" of them all?