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

Blooloo

wotsthat wrote: »

It has got something to do with buying because if you don't buy you won't have an asset to sell. This really ought to be bleeding obvious. - ask Crashy how much he'd make by selling an asset he owns 0% of despite paying enough in rent to own more than 100% of it.

I've never had a login for HPC. I don't like the negativity.

again, the wider picture eludes you.

I have a house I never bought.

You see, there is always more than the one circumstance you are promoting as the answer that is a "no brainer"...ie, no real thought about peoples situations gives your own world view as the panacea for everyone elses situation.

Blooloo

KR200 wrote: »

snip
HPC would eat me alive for my actions but I actually thank them for their insight. I have taken a calculated risk after taking all scenarios into account and am happy to see where it leads long term..

yes you took a risk. you calculated it of course. We dont know what that risk was so are unable to comment.

so far it has panned out.

well done..

Now, apart from providing the other side of the risk decision, what has HPC ever done to you that you hate it so much that you feel you must write 500 words on the subject?

AndyGuil

KR200 wrote: »

Noted but the option is there. As I said, the government are traitor vermin with their own VI. They have no interest in the common mans welfare. The UK is going down the pan via the aspects I seek for a happy life. Growth growth growth is not what I want. At all costs. Borrow borrow borrow. Stealing from the future leaving obscene debt. Reality vs fantasy. HPC live in fantasy. I prefer brutal hard fact reality. It's a rigged game.


You can't buy a new 60's sports Rolex or Warhol!

I'm under no illusion. The housing market could implode. But then again in my HPC informed opinion I think not.

It's interesting to observe their world as I look into their murky goldfish bowl.

There are a lot of things in the way of building more properties and these aren't going to be resolved anytime soon.

KR200

Blooloo wrote: »

yes you took a risk. you calculated it of course. We dont know what that risk was so are unable to comment.

so far it has panned out.

well done..

Now, apart from providing the other side of the risk decision, what has HPC ever done to you that you hate it so much that you feel you must write 500 words on the subject?

In short angry bitter people.

Fully understandable given how society has meted out the future. I subscribe to many of their views. The government have rigged the books.

But I will never venture into that site.

Rota

KR200 wrote: »

Thank you very much!

Yes HPC is a very downbeat negative site. But the information is very useful if you see past the individuals who long for a fairer world.

I'm into classic cars and if you think the housing market has gone insane see the prices of rare 911's or say 60's Astons/Ferraris. I did post there once some time ago and got the the usual dose of vitriol and poison. Some wise guy compared that market to the tulip bubble. They're not making anymore Bugatti Type 35's so what tosh! its a finite market!

I bought in W11 Notting Hill. On paper i'm 1/4 mil up so as you I listened but chose another path....

Haahaa! Im into classic cars too! Ill PM you some details. If I go into specifics I could easily give my identity away on here.

Yes, my classic car has tripled in a decade as well.

I've never understood the tulip debate. You dont live in a tulip, you cant rent a tulip out. But apart from that they are exactly the same..... not. :rotfl:

wotsthat

Rota wrote: »

Its the ultimate trade in conviction, no hedge, just 100% belief that you are right. Hey, if you are getting a 40% discount who cares if you move twice? You have saved so much money you are laughing while you do it!

On the flip side, get it wrong and you end up posting drivel with other like minded people, while paying off your landlords mortgage forever.

I started taking my own advice a long time ago after, I felt, I'd been duped by paid for 'advisors' aka sales people. This site and the forums have really helped. What I like about about taking responsibility for myself is that it focuses the mind - there's no-one else to blame!

I thought briefly about selling in 2006 and renting for a while. It was obvious something was up. I didn't because my wife thought it was a stupid idea, the kids were in decent schools and we like the house. As it turns out it would have been a stupid idea - however I would only have myself to blame. That's why I don't post on HPC it's just an elaborate blame culture set up to convince people they were/ are correct when all evidence points in the opposite direction.

When things went tits up I was working all hours trying to ensure the company I worked for stayed in business. I can't imagine how stressful it would have been to be doing that and trying to buy back into a market that had effectively shut. The GFC has been great for me - in 6 years my estimated retirement date has gone from 65 to, with a good wind, 55.

In a strange way when I see the usual suspects talking about the next leg down being the big one I hope they're right. Problem for the usual suspects is they've spent so long waiting they've forgotten what they're waiting for and don't know what to do when it arrives.

wotsthat

Blooloo wrote: »

again, the wider picture eludes you.

I have a house I never bought.

You see, there is always more than the one circumstance you are promoting as the answer that is a "no brainer"...ie, no real thought about peoples situations gives your own world view as the panacea for everyone elses situation.

I've never advocated buying over renting as a no brainer - just playing around with the maths which will change according to people's circumstances.

I don't know your circumstances so the maths are difficult to play with. For obvious reasons the average HPCer is rather coy about their situation. It's faith - they're better off renting and will be even better off after the crash - no question, no maths so you might be the pot calling the kettle black here.

chucknorris

wotsthat wrote: »

I started taking my own advice a long time ago after, I felt, I'd been duped by paid for 'advisors' aka sales people. This site and the forums have really helped. What I like about about taking responsibility for myself is that it focuses the mind - there's no-one else to blame!

When things went tits up I was working all hours trying to ensure the company I worked for stayed in business. I can't imagine how stressful it would have been to be doing that and trying to buy back into a market that had effectively shut. The GFC has been great for me - in 6 years my estimated retirement date has gone from 65 to, with a good wind, 55.

I always feed good when I buy additional DB pension and/or invest more in my SIPP as I feel that I am preparing for my future.

When things went tits up I thought that it was probably just part of the cycle and it would all turn out well again in the end, but just in case it didn't I came out of early retirement 4 years ago to work part time. That salary and savings from low interest rates boosted my income by an additional £70k. Not only that but it got me interested in pensions (something that I had previously avoided), I wish that I had started my pension earlier but I am expecting a pension income of about £22k, which isn't bad since I didn't really start until 4 years ago aged 52. We are both probably going to retire either next December or the following summer, I'll be 58 then.

Blooloo

wotsthat wrote: »

I've never advocated buying over renting as a no brainer - just playing around with the maths which will change according to people's circumstances.

I don't know your circumstances so the maths are difficult to play with. For obvious reasons the average HPCer is rather coy about their situation. It's faith - they're better off renting and will be even better off after the crash - no question, no maths so you might be the pot calling the kettle black here.

there are no maths in an opinion.

people denegrating the other site do so by assigning a mind set that is seen as negative. I dont know what is negative about wanting my kids to buy a house..

sometimes bulls are right, other times bears are right..neither is right all the time.

chucknorris

Blooloo wrote: »

there are no maths in an opinion.

people denegrating the other site do so by assigning a mind set that is seen as negative. I dont know what is negative about wanting my kids to buy a house..

sometimes bulls are right, other times bears are right..neither is right all the time.

When it comes to financial decisions, I have no opinion until I have done the maths, and analysed the potential gains and losses and also the amount of risk that I consider that I would be taking on, weighed up against the potential gain.