House Prices +10% YoY in next few months?

chucky

Graham_Devon wrote: »

They very fact that you describe those renting as having made a "lifestyle choice" proves you haven't got a clue what's actually going on.

What do you think happened to these people? They had cash in the bank, all ready to buy, but made a lifestyle choice to rent instead?

Now, now Devon. Let's get the story straight. Let's look at yourself as an example.

You currently own half a house/flat because you couldn't afford the other part.

You have had financial issues previously due to heavy gambling debts.

Approximately £30,000 from what you tell us.

You made the lifestyle choice of gambling (no-one else).

Your life style choice has prevented you from being in a position to buy a better property or being in a position to have bought the other half.

Feel free to correct any of the above if not true...

IveSeenTheLight

dryhat wrote: »

......... and yet we are still in the 5h1t

It may be raining............. but there's a rainbow above you

ukcarper

ruggedtoast wrote: »

We've been through all this with them though Graham. Many times. There is nothing that will convince them that house prices are any higher in real terms now than they were in times gone by.

I have had exactly this argument with the same posters. I ended up posting a series of information from the Land Registry, the Office of National Statistics and god knows what else proving that housing is two to three times more expensive in real terms than it was in the 70s. They all went quiet and stopped posting on the thread and then just pop up again like Bobo dolls later on, trumpeting the same fallacy that was debunked earlier.

No amount of evidence, raw data, pictographic representation or anecdotal argument will change someone's mind once he has made the decision to ignore reason in favour of what he wants to believe.

There is simply no point going over a fact on here any more which is almost universally accepted by virtually everyone I have ever met in the entire UK, apart from about ten people who all post here.

Can you post them again as I can only find ons earnings figures and land reg figs going back to 1990s.

I have never said that prices were cheaper in 1970s but that in relation to earnings at times they have been almost as high as they are now.

You moan about how hard young people have it compared to boomers I actually agree that at the moment they are it's just that I see the lack of decent jobs as the main problem not house prices.

wotsthat

chucky wrote: »

Now, now Devon. Let's get the story straight. Let's look at yourself as an example.

You currently own half a house/flat because you couldn't afford the other part.

You have had financial issues previously due to heavy gambling debts.

Approximately £30,000 from what you tell us.

You made the lifestyle choice of gambling (no-one else).

Your life style choice has prevented you from being in a position to buy a better property or being in a position to have bought the other half.

Feel free to correct any of the above if not true...

Oh. I didn't know that. This is a fairly obvious example of one lifestyle choice impacting upon other available choices.

Usually it's more subtle than that. All of us probably waste money on a daily basis and because it's little and often some people won't call it a lifestyle choice. When I mentioned this to Graham he could only think that he was drinking coffee instead of tap water as an example of wasting money!

Since October 1996 I've spent £3799.75 on Indian takeaways. That money has gone for ever. There won't be many people who haven't spent deposit sized amounts of cash and, if honest, most would admit a lot of it was wasted and would have been better off unspent.

IveSeenTheLight

wotsthat wrote: »

Since October 1996 I've spent £3799.75 on Indian takeaways. That money has gone for ever. There won't be many people who haven't spent deposit sized amounts of cash and, if honest, most would admit a lot of it was wasted and would have been better off unspent.

Of course, you need to factor in what it would have cost for alternative meals as opposed to your rough average £18.62 per month.

I know what you mean about frivolous spending.
A daily spending each morning for a chain company coffee does mount up and is far cheaper to buy a jar of coffee and a 1/2 pint of milk.

chucky

wotsthat wrote: »

Oh. I didn't know that. This is a fairly obvious example of one lifestyle choice impacting upon other available choices.

Usually it's more subtle than that. All of us probably waste money on a daily basis and because it's little and often some people won't call it a lifestyle choice. When I mentioned this to Graham he could only think that he was drinking coffee instead of tap water as an example of wasting money!

Here you go.

Got myself into 27k debt via gambling, drinking and women!

I would feel for this character but he's not the type of character to 'change' and not sit on that high moral ground...

The spending on women is interesting as I imagine it could be related to this.
https://forums.moneysavingexpert.com/discussion/1383309

Banning Prostitution - The effects?

http://forums.moneysavingexpert.com/showpost.php?p=2872080&postcount=1

wotsthat

In just 18 months he paid off £15.7k of debt (£872/ month) but moans about how few opportunities he's had compared to the previous generation!

Hey, we all make mistakes - that's part of life. Can't help feeling that I've been having my leg pulled about some of the priced out generational nonsense though.

Hook, line & sinker - that's me.

System

I thought Grahams backstory was common knowledge. I always found it a bit off that he complains at the government for taking away his sons future wealth despite gambling away 27k of it, imagine what that could be worth today.

Graham_Devon

Joeskeppi wrote: »

I thought Grahams backstory was common knowledge. I always found it a bit off that he complains at the government for taking away his sons future wealth despite gambling away 27k of it, imagine what that could be worth today.

Nice.

Do the math. My son is 3. When was the post written?

Faced up to my debts, faced up to the problem at the time and dealt with it. So trying desperately to make an issue out of it and involve my son in it (when he was born 4 years later and had nothing to do with it) is all rather silly.

While all that stuff is public, and you can indeed spend your own time searching for it all and digging it all up, it would be nice if discussing the current issues didn't involve this level of bitterness, having to make it personal time and time again.

wotsthat

Joeskeppi wrote: »

I thought Grahams backstory was common knowledge. I always found it a bit off that he complains at the government for taking away his sons future wealth despite gambling away 27k of it, imagine what that could be worth today.

I've seen hints at it before but !!!!!! £27k!

It's not the money it's the brass neck as he carries his wooden cross to the top of the moral highground.