'We've reached a tipping point' Signs of house price weakness

mystic_trev

Blooloo wrote: »

What fine line would you like to see?

I didn't consider them to be a 'loon' There are far worse posters there, in fact too many to count. I was banned from there for no reason (apart from being bullish on House prices) as have many who post here.Do you consider Hamish to be a 'loon'?

Blooloo

mystic_trev wrote: »

I didn't consider them to be a 'loon' There are far worse posters there, in fact too many to count. I was banned from there for no reason (apart from being bullish on House prices) as have many who post here.Do you consider Hamish to be a 'loon'?

does it concern you that I might have an opinion on another poster?

does it concern you that I might choose, through the content they post, to make my own choice about whether or not to take great or little weight to their point?

If so, why does it concern you what I think. Id be concerned about adjusting my opinion on a posters voracity according to my experience and history of them. I trust any regular poster on any forum will also grade others accordingly. They dont have to be rude however by calling people losers, ascribing a state of mind or anything else.

Blooloo

wotsthat wrote: »

The gains are from not paying rent and chunk of (tax free) HPI landing in the bank meaning bills can be paid from tax free income rather than income on which 40% tax has been paid.

Bet he wishes he'd rented

he didnt rent. He is swapping an expensive asset for a cheaper one.

I havent read the other posts the poster has made, but how he acquired the asset is mute in the statement I made.

What is your point?

chucknorris

mystic_trev wrote: »

I didn't consider them to be a 'loon' There are far worse posters there, in fact too many to count. I was banned from there for no reason (apart from being bullish on House prices) as have many who post here.Do you consider Hamish to be a 'loon'?

I reckon some of them are very happy loons over there though, isn't there a guy over there named Bruce Spanner who lives in a magical place in the South East (although exact location is secret)where both rents and capital values drop even when most other places are rising. Then there is another guy who works as a IFA but STR in 2004 (I presume that he doesn't divulge this to his clients).

Jack_Johnson_the_acorn

Blooloo wrote: »

are you denying some people arent greedy so and sos, that needed legislation to force them to hand over the service renters were paying for?

Your first point is not making any addition to the debate as you either deliberately miss, or simply cant see, that the point I make is that the individual circumstance is what would decide which way to go is most likely to satisfy the needs of the individual case.

yes, it could be better to buy, and yes it could be better to rent. There is no black and white answer, although posters on this thread continue to insist there is.

As for Hypocracy, name the posters I have labelled greedy so and sos.

You made a blanket statement about the posters on this thread, how rude and hypocritical.....

Point 1 was a simple question yet you refuse to answer, we all know the answer so I don't actually need a response from you.

wotsthat

Blooloo wrote: »

he didnt rent. He is swapping an expensive asset for a cheaper one.

I havent read the other posts the poster has made, but how he acquired the asset is mute in the statement I made.

What is your point?

Only owners can downsize AND release capital so the point isn't 'mute'.

I don't know if the poster ended up with 100% of an asset with less cash vs renting and owning 0% - I'd guess so but additionally it looks like some HPI has made it's way to the bank. Capital gains on a main residence is tax free and the poster is currently living on income taxed at 40%. Now they can manage their tax affairs to use income taxed at 0% to live on instead of 40%.

You seem to be saying that buying is a hedge against prices increasing and falling. Over enough time paying rent guarantees this will be the case.

What can Dances with Sheeple realistically downsize to? How can he swap an expensive asset for a cheaper one and 'gain whichever way the market turns'?

chucknorris

mystic_trev wrote: »

I didn't consider them to be a 'loon' There are far worse posters there, in fact too many to count. I was banned from there for no reason (apart from being bullish on House prices) as have many who post here.Do you consider Hamish to be a 'loon'?

I opened an account over there years ago, but I quickly realised from the feedback on here that I would not have lasted more than the first thread that I posted in. Seems that most of them are beyond help and have an unhealthy obsession with waiting for crashes that never come (to the magnitude that they crave), even when crashes do come, it isn't enough for them and still don't buy.

chucknorris

wotsthat wrote: »

Only owners can downsize AND release capital so the point isn't 'mute'.

I don't know if the poster ended up with 100% of an asset with less cash vs renting and owning 0% - I'd guess so but additionally it looks like some HPI has made it's way to the bank. Capital gains on a main residence is tax free and the poster is currently living on income taxed at 40%. Now they can manage their tax affairs to use income taxed at 0% to live on instead of 40%.

You seem to be saying that buying is a hedge against prices increasing and falling. Over enough time paying rent guarantees this will be the case.

What can Dances with Sheeple realistically downsize to? How can he swap an expensive asset for a cheaper one and 'gain whichever way the market turns'?

I might be mistaken but I think that he has already downsized, from renting an entire flat to moving into an HMO (which also of course proves your point).

mystic_trev

chucknorris wrote: »

I reckon some of them are very happy loons over there though, isn't there a guy over there named Bruce Spanner who lives in a magical place in the South East (although exact location is secret)where both rents and capital values drop even when most other places are rising. Then there is another guy who works as a IFA but STR in 2004 (I presume that he doesn't divulge this to his clients).

Yes, I know and made a comment asking where the 'Magical Land' was and got promptly banned! :rotfl:

mystic_trev

Blooloo wrote: »

does it concern you that I might have an opinion on another poster?

Well not really. When I bought my last house in December 2009, I vividly remember your comments of 'I think you've bought a little too soon' That Properties now worth 40% more Unfortunately your opinion values are fairly low