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

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.

mayonnaise wrote: »

Can we see some of that evidence?

As expected, no evidence from Thrugelmir, the master of meaningless one-liners.
The real evidence - as we all know - shows declining arrears and repossessions, with mew-ing confined to the past.
Which would imply that families are indeed quietly paying their mortgages down.

Thrugelmir

mayonnaise wrote: »

As expected, no evidence from Thrugelmir, the master of meaningless one-liners.

Notice that you haven't provided any evidence to contradict me.

Snipes are easy to make from behind a computer keyboard.

How many times have you changed your user name now?

mayonnaise

Thrugelmir wrote: »

Notice that you haven't provided any evidence to contradict me.

Snipes are easy to make from behind a computer keyboard.

How many times have you changed your user name now?

Here you go.

Figures on repossessions and arrears from the BoE
http://www.bankofengland.co.uk/pra/Documents/regulatorydata/mlar/2013q1/mlar2013q1summary.pdf

And an article stating we got negative equity withdrawal now
http://www.theguardian.com/business/2013/oct/02/homeowners-inject-record-15bn-equity-housing-market

I'll await your 'evidence' to show otherwise.

wotsthat

It's more difficult than ever now NOT to pay the mortgage. IO is no longer mainstream and MEW is negative.

I find it difficult to believe that anyone who bought into the HPC story a few years ago can be anything other than gutted. Every month that passes puts the 'sheeple' another step closer to mortgage and rent freedom whilst they need the crash to be ever bigger to break even.

thor

Loughton_Monkey wrote: »

As I have said before. Economic life comes in cycles. Over 40-odd years of economic life you are going to hit good, bad and indifferent.

Yes we have had upturns and downturns for hundreds of years but that could all stop tomorrow, in a thousand years time or in 1 million AD. Nobody can say for certain. There is no fundamental reason for anyone to assume that economical cycles will continue indefinitely.

Loughton_Monkey

thor wrote: »

Yes we have had upturns and downturns for hundreds of years but that could all stop tomorrow, in a thousand years time or in 1 million AD. Nobody can say for certain. There is no fundamental reason for anyone to assume that economical cycles will continue indefinitely.

Equally, we could all be wiped out in 2 years due to some massive meteorite hitting earth.

However, my own economic plans will remain unchanged. Plan on armageddon if you want to. Doom mongering is a good strategy to ensure that you remain poor.

moneyinmypocket

House prices are going up up up, renters who refused to buy in 2007 because they thought prices would drop 50% have now paid rent for last 7 years!! It makes no scenes whatsoever

carslet

i was a hpc fool, but stopping listening to the BS on there, and buying a house was the best thing i have ever done, and to what when IR rise i will use the money i am using to currently overpay IR would have to go to 15% (and i doubt this would happen) to effect me, and i dont care if the house is still only worth what i paid for it even in 15 years time, again i doubt this would be the case.

because it will be paid for and if i want to move anywhere i can sell it and move on, what is i had been renting all the years, what would i have? nothing, renting is totally dead money in my case

Loughton_Monkey

moneyinmypocket wrote: »

House prices are going up up up, renters who refused to buy in 2007 because they thought prices would drop 50% have now paid rent for last 7 years!! It makes no scenes whatsoever

It makes perfect sense to some of us.

There are certain segments of our economy that create wealth, including for those who work for them. Wealth so created does indeed get transferred 'down the food chain' as these riches are spent in the economy.

There are other segments of our economy [mainly service industries] that tend to "shift" wealth from one person to another.

It is a function of the economic laws that surround some of these industries - in general - that when transfer of wealth is concerned, it generally moves from poor to rich. From the less educated to the more educated. From those without common sense to those with common sense. From those who take risks to those that don't.

Without these 'laws', there would be far fewer landlords. Far fewer payday loan lenders. Far fewer betting shops and slot machines. Far fewer fast food outlets......

Turnbull2000

Landlord fodder