Over half a decade on post slump where does this leave the HPC fans now

moneyinmypocket

So it's been over half a decade on since a slump in house prices. During that time hard working families have paid down their mortgages aside record low rates. Those who wished and waited for a crash have been left disappointed. Where do they go from here? What is there plan b?

Carl31

dude, you need to get out more

mayonnaise

moneyinmypocket wrote: »

Those who wished and waited for a crash have been left disappointed. Where do they go from here? What is there plan b?

Their Plan B is to wait for the next slump. Like some on here. :rotfl:

brit1234 wrote: »

The market will correct, i'm just ready when it does.

Loughton_Monkey

moneyinmypocket wrote: »

So it's been over half a decade on since a slump in house prices. During that time hard working families have paid down their mortgages aside record low rates. Those who wished and waited for a crash have been left disappointed. Where do they go from here? What is there plan b?

Is there any reason whatsoever why any of us should care?

purch

Loughton_Monkey wrote: »

Is there any reason whatsoever why any of us should care?

You should know by now that the main pursuit of board members is sticking their nose into other peoples business, and then commenting on it.

Thrugelmir

moneyinmypocket wrote: »

During that time hard working families have paid down their mortgages aside record low rates.

Plenty of evidence to suggest otherwise.

Satoshi

I agree with those who say everything movs in cycles, property goes from overvalued to undervalued and back again. Its easy to see its overvalued now but as to WHEN it ill next be undervalued that is the hard part. But it is a certainty it will be undervalued sometime in the future.

mayonnaise

moneyinmypocket wrote: »

During that time hard working families have paid down their mortgages aside record low rates.

Thrugelmir wrote: »

Plenty of evidence to suggest otherwise.

Can we see some of that evidence?

ruggedtoast

Things are looking increasingly bleak for anyone who wants to see an end to the housing apartheid in the next decade.

If you are older, mortgage free or nearly, holding equity and savings and looking at retirement in the near future; you are guaranteed inflation busting pension increases, and an ever greater number of desperate young people wanting to bid for your home.

Nice for them.

Everyone else has to cope with massive mortgages if they are lucky, and the ever present threat of rate rises, or insecure 6 month tenancies offered by spivs and charlatans funded by dodgy bank loans.

In the midst of all this the government is pouring more fuel onto the fire with help to buy. Offering instant mega debt for people with no savings, with no meaningful intention of building any more houses.

Thrugelmir

ruggedtoast wrote: »

you are guaranteed inflation busting pension increases,

Many people will be worse off when the new flat rate scheme kicks in.

The increase to 35 years NI contributions being one factor.

mayonnaise

Thrugelmir wrote: »

Plenty of evidence to suggest otherwise.

Can we see some of that evidence?