The Quant's House Price Diary

wotsthat

Percy1983 wrote: »

Well that bit is simple, pay my own mortgage or pay one for a stanger... no brainer.

As you've spent time on a forum debating house prices past, present and future I'd find it difficult to believe HPI wasn't a factor in your decision.

You may not welcome HPI but you clearly weren't expecting any significant price falls. So far that was a good call.

Sounds like you made some of your own 'luck' - keeping a decent credit history, correctly working out prices weren't going to crash etc.

Percy1983 wrote: »

Of course have a good income and realistic expectations mean it was possible, the problem is for many is the above choice is a no brainer but also not possible.

Really? Are there lots of empty houses near you that people can't afford?

Graham_Devon

Percy, just type "My house has gone up in value" and stick a smiley on the end. Doesn't really matter which ones, so long as it's anitmated.

Should keep some happy and aleviate your ankles from being nawed away.

kwmlondon

Buy high and sell low!

kwmlondon

kwmlondon wrote: »

Buy high and sell low!

No, wait, that's not right. Hang on, what is it now? Sell low buy high.

kwmlondon

kwmlondon wrote: »

No, wait, that's not right. Hang on, what is it now? Sell low buy high.

No, that's not right either. I know - buy bye. Low lo.

chucky

Percy1983 wrote: »

In short it was a credit card shuffle across 2 names, they never asked what I wanted the cards for and I never told them. They gave us unsecured debts to do with what we pleases, so we did.

Very interesting.

Good for you for taking advantage of the system.

pinkteapot

This diary needs a graph.

cells

It's quite sad when you have to highlight your paper wealth especially when you consider that we have fairly short finite lives and you decide its worthwhile to spend some of that finite life telling people on the Internet who you don't know about it.

Anyway any reasonable person should conclude that HPI only benefits the few holdera of more than 1 property. I estimate that only approximately 1 million households own multiple properties that means 1 million households benifit. About 11 million households are harmed and about 16.5m households are not much net gainers or losers

wotsthat

Graham_Devon wrote: »

Percy, just type "My house has gone up in value" and stick a smiley on the end. Doesn't really matter which ones, so long as it's anitmated.

Should keep some happy and aleviate your ankles from being nawed away.

What's your problem?

Percy's making some good decisions. I suspect he understands how to turn the odds more in his favour more than he realises.

Poor life choices are made by people who misunderstand probabilities and can't separate the randomness of, say, playing the slots from other activities where the odds of success can be improved.

wotsthat

cells wrote: »

It's quite sad when you have to highlight your paper wealth especially when you consider that we have fairly short finite lives and you decide its worthwhile to spend some of that finite life telling people on the Internet who you don't know about it.

Maybe thequant is just pulling our legs.

Do people really monitor their house prices on a daily basis?