Land Registry - January up 1.1% mom

Jimmy_31

Graham_Devon wrote: »

Yet I keep correcting you and stating I will never buy more of the house as it's more to sell on to another buyer, restricting potential buyers.

No matter how many times I say it, you just keep saying the same thing. Anyone would think you simply made stuff up to have a go at other people. As I have suggested before, have a go at what people do say, rather than creating a situation that allows you to have a pop.

He tried to trick people into thinking i was a !!!!!! yesterday:rotfl:

Percy1983

DaisyWheel wrote: »

And yet you repeatedly refer to tenants as stupid and landlords as greedy, while you cower behind your mummy's skirt?

You are pathetic

Sorry to say I tried to reason with you but have hit a brick wall, I don't think tenants are stupid and have now said that for the third time, please confirm you have read and understand that statement.

ruggedtoast

Just wait until Sibley comes online, he will be smacking his lips at this news no doubt.

What is there to celebrate for a hard working renter struggling to raise a deposit, grappling with spiralling inflation, and floundering amidst wage cuts?

MrRee_2

IveSeenTheLight wrote: »

Pretty good going.
You were able to save £1,162 per month.

With average houses at £160k, is it that unrealistic for a 10% deposit to take just over a year to save for?

Considering that there have been 4 years since the start of the correction, many will have had plenty of opportunity to save and also will have benefited from drops in some areas.

Absolutely correct from where I stand.

FTB's are easily saving £1,000 a month.

48 months since the last peak - that means that plenty of FTB's are now in a mood to buy, and BOY are they buying!!!

We are witnessing the very start of a real boom, pushed by FTB's (REJOICE!) and by BTL Landlords fighting it out for the cheaper end of the market.

Jimmy_31

MrRee wrote: »

Absolutely correct from where I stand.

FTB's are easily saving £1,000 a month.

48 months since the last peak - that means that plenty of FTB's are now in a mood to buy, and BOY are they buying!!!

We are witnessing the very start of a real boom, pushed by FTB's (REJOICE!) and by BTL Landlords fighting it out for the cheaper end of the market.

Its not easy to get somebody to give you a 25 year mortgage whilst you are unemployed.

I think this may hold the boom back in my neck of the woods for a while.

RenovationMan

DaddyBear wrote: »

Are you actually reading any of my posts, or just posting your standard bull rhetoric? I've said I take no pleasure in prices rising and I've said that a further price correction wouldn't bother me. Yet I'm somehow grouped with the selfish bulls. I guess you're typical of the vast majority on here and think you've a god-given right to make money for nothing simply because you have bought a house and because of gross self-obsession cant see the damage that high house prices have done to this country.

Well you're clearly not reading my posts if you think I spout 'bull rhetoric' or indeed if you think I'm a property bull. I'm the one berating the 'property bears' from being so generous with their unearned HPI money. Well, generous up to a point, as long as it hurts FTBers like yourself who bought in the last 6 years and not themselves who bought in the last 20.

I think you'd see more damage to the economy if we had the huge crash that the 'property bears' want; with lots of FTBers stuck in the misery of negative equity - unable to sell their houses - not everyone is like percy and happy/able to stay in the same house for a decade, some have growing families, some have to relocate for work and some get into financial difficulties and need to sell up.

My own position on house prices is that I only really care about house prices when I am buying a house. I've done that three times and I have no plans to buy the fourth for a couple of decades hence. However, if I'm asked to express an opinion, I'd say that I think the current slow erosion of house prices is working well, with FTBers equity standing still while houses increasingly move into the range for other prospective FTBers.

Getting back to our discussion, I'm sorry but I totally refuse to believe that any new house buyers actually want their largest investment and most expensive asset to lose money. That they actually state that they are happy for their family to be stuck in the misery of negative equity. That they actually say that they want to put their family's finances at risk so that strangers can buy the same house that they did, but for a much cheaper price. Sorry, but that's all just bollox.

I'm not saying I believe you want HPI, I'm just saying that you don't want a crash. Your response is interesting as it has the same black vs white with no shades of grey of many of the discussions on here. I'd imagine now that you have bought, you are very similar to myself in that you want static house prices, eroded by inflation, so that everyone is a winner (except property investors, but then who cares about them).

ruggedtoast

Will you two get a room.

MrRee_2

shortchanged wrote: »

You've got it all wrong Percy.

Didn't you realise it's good to have a massive mortgage. This benefits everyone, apparantly.

Without exception, including all the downturns, in all my 50+ years of buying and selling property, have I EVER, EVER, EVER, regretted borrowing the absolute MAXIMUM I could!!

It benefited the lender, the carpet fitter, the lightshop, the furniture store, the double glazing salesman, the conservatory seller, but, most of all, it benefited ME!!

And history has a habit of repeating itself - the wise remember that fact and adjust their portfolios accordingly .... we call these people WINNERS!

Over the meduim/lomg term you simply cannot lose by buying property - that's as certain as Death and Taxes.

Percy1983

Ok we are getting somewhere, firstly I have never denied that statement, sure if you go back further I have said it before. You really have wasted your time there.

Now seriously concentrate now I will try to explain again.

The question was asked to those who called me a mummies boy and took pleasure in collecting rent from "stupid tenants", so the question was posed in the sense of if I move out now I would be a "stupid tenant".

So my point was whatever I did I would lose.

The point was actually against the people who refer to tenants as stupid.

Yes ok I have been a little stupid in the way I worded it and I will modify it if I ever feel the need to use such a phrase.

Now if you are still offended then it is because you choose to be.

RenovationMan

Jimmy_31 wrote: »

He tried to trick people into thinking i was a !!!!!! yesterday:rotfl:

I merely asked you if you had stopped hanging around building sites and have now started hanging around schools as you suddenly gained an interest in women's school-run attire.

You haven't answered my question.