Acadametrics: +0.6% MoM +3.7% YoY

Percy1983

wotsthat wrote: »

They have done something to earn it - they've risked their own capital for the deposit and leveraged the risk by borrowing the balance. The alternative is to rent where the capital risks are zero.

There is absolutely nothing to stop you forming a club, setting the 'correct' price and agreeing to only buy and sell at those agreed prices to like minded people.

If you're that bothered write a clause in your will to say that whatever the difference between what you paid and the value when the grim reaper visits is donated to charity.

You won't do either of those things because when you bought you weren't interested in thoughts of the 'children' or the mantra 'a house is a home and not a pension' - your only thought was to pay the lowest price possible.

You'll do the same when you sell and be looking for the highest price possible and for sure will include any HPI accrued in the sale price.

It's a little hypocritical really.

As said once I am in I do need to play by the rules of the game, yes if I sell i will get the maxium I can get. What ever hpi does to my house it will do to others so I am no better off. That is the reality I am well aware of.

But my arguement is that we shouldn't let hpi run away, as hpi will just widen the gap between moving up if I wished to do so, it will always make houses more out of reach of the young.

I can honestly say I don't want my house to increase in value above inflation, I have done nothing to earn this and it will only need to be paid by the next generation.

In short with HPI, I don't deserve the money and the next generation don't deserve the bill.

Dribley

Joeskeppi wrote: »

He also has Dribley, gave it away the other day.

Evidence,you plonker ? About as much chance as MrRee not being Prickpants :rotfl:

Dribley

Mr._Pricklepants wrote: »

Rejoice.

MrRee wrote: »

REJOICE!!

Can you see who he is yet?:rotfl:

wotsthat

Percy1983 wrote: »

As said once I am in I do need to play by the rules of the game, yes if I sell i will get the maxium I can get. What ever hpi does to my house it will do to others so I am no better off. That is the reality I am well aware of.

It's a bit off complaining heartily for years about the rules of the game and then joining the game.

You could have stayed at your parents, rented, lived in a caravan, camped, lived in hotels, squatted, got a houseboat etc. At no point were you forced to 'play'.

I guess you didn't like my ideas for doing something about it either and will be leaving any HPI gains to children rather than charity. Looks like you've fully embraced the rules to be honest and are looking for a nice spot on moral mountain

Mr._Pricklepants

Smelly_Sock wrote: »

Can you see who he is yet?:rotfl:

Yer, I'm wotsthat, CLAPTON and lostinrates also :rotfl:

wotsthat wrote: »

It's a tax on bankers - rejoice!

CLAPTON wrote: »

I see no reason to rejoice in 'green jobs'

lostinrates wrote: »

Be pleased and rejoice its only one

Muppet.

Percy1983

wotsthat wrote: »

It's a bit off complaining heartily for years about the rules of the game and then joining the game.

You could have stayed at your parents, rented, lived in a caravan, camped, lived in hotels, squatted, got a houseboat etc. At no point were you forced to 'play'.

I guess you didn't like my ideas for doing something about it either and will be leaving any HPI gains to children rather than charity. Looks like you've fully embraced the rules to be honest and are looking for a nice spot on moral mountain

As much as I would agree I am not forced to play, I will say I am forced to play if I want a bricks and mortar place to call home where I can't be kicked out at 2 months notice.

As for passing HPI onto children, well yet again it goes without saying, if houses have gone up 2000%, then my children would need that HPI to have any chance of getting a house, to pay somebody elses HPI. As mentioned its just a pyramid scheme.

I would much rather HPI wasn't rampant and my children could afford a house without needing help from rampant HPI I have.

Essentially without HPI all can afford houses, with HPI only those with parents who can help can afford houses, which sounds fair?

the_flying_pig

Percy1983 wrote: »

...As for passing HPI onto children, well yet again it goes without saying, if houses have gone up 2000%, then my children would need that HPI to have any chance of getting a house, to pay somebody elses HPI. As mentioned its just a pyramid scheme.
...

the maths of passing HPI to children are pretty straightforward.

imagine, in a HPI free world, you live in a £60k house without mortgage. your 2 kids also want to buy a £60k house. They each inherit £30k from you [half a house]. So they each need to borrow £30k to buy that house.

with 100% HPI their inheritance doubles to £60k each... but the price of the house they want to buy also doubles to £120k, meaning that they need to borrow £60k rather than only £30k.

if there are three kids then the situation's even more dismal [£20k inheritance/£40k debt becomes £40k inheritance/£80k debt] with 100% HPI.

where you're passing on fewer houses than there are children, HPI unambigously hurts the younger generation. and that's even before you start to consider that people only get their inheritance when well into middle age, etc.

System

Dribley wrote: »

Evidence,you plonker ? About as much chance as MrRee not being Prickpants :rotfl:

There's 3 people on this forum that have ever had a pop at Turnbull about his sister.

Naerlynew

naerlynew wrote: »

It's a pity you haven't been able to take advantage of these rising prices.

(well done to your sister, though)

naerlynew wrote: »

Is this the same turnbull that is so confident about house prices that he hasn't bought one and still lives with his sister?

dryhat (already confirmed as naerlynew)

dryhat wrote: »

Hooray.

You can finally move out of your sister's spare room.

dryhat wrote: »

Perhaps you can move out of your sister's spare bedroom now.

And Dribley.

Dribley wrote: »

Bit of a bugg@r for those that haven't and still have to live with their sister :rotfl:

Dribley wrote: »

Has your sister got a scheme to help you move out of her home?

You're not clever enough for this sockpuppet shenanigans mate. You weren't clever enough for one account.

MrRee_2

Dribley - caught out, red handed and too thick to know any different!

Nice one Joeskeppi

DervProf

moneyinmypocket wrote: »

Percy tell you what - any profit you make on you're house give it to some charity

Here's a strange idea that you probably won't be able to comprehend......

Some of us buy a house to live in, we do not want or expect to make a "profit" from it. :eek: