Debate House Prices


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

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    MobileSaver wrote: »
    Er, yeah, right, of course that's what you meant. But let's give you the benefit of the doubt and run with that. :wink:

    So you are actually saying that homeowners' kids will be even better off than renters' kids because most of them won't actually have to pay any IHT on their inheritance? Fantastic! :D

    So to update my previous post:



    Previously you accused me of being "dumbed down" so I'll ask again; if my quote above is intrinsically incorrect please do let us know what other wealth you were thinking of that can be passed on and will be significantly different between home owners and renters?


    No I am saying that after care fees there will be nothing left for post crash kids, and that people who think BTL is an "investment" usually don`t have any clue how to find other profitable investments.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    No I am saying that after care fees there will be nothing left for post crash kids, and that people who think BTL is an "investment" usually don`t have any clue how to find other profitable investments.

    What makes you think all homeowners will end up in care
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Crashy_Time wrote: »
    No I am saying that after care fees there will be nothing left for post crash kids, and that people who think BTL is an "investment" usually don`t have any clue how to find other profitable investments.
    What makes you think that the 'other profitable investments' won't also have to be used to pay for care home fees?
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ukcarper wrote: »
    What makes you think all homeowners will end up in care


    They won`t, and not all kids will inherit their parents house.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    Crashy_Time wrote: »
    They won`t, and not all kids will inherit their parents house.

    Fantastic argument numnuts
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    gallygirl wrote: »
    What makes you think that the 'other profitable investments' won't also have to be used to pay for care home fees?


    Nothing. We are debating the collapse of perceived property values in the UK.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    MobileSaver wrote: »
    Er, yeah, right, of course that's what you meant. But let's give you the benefit of the doubt and run with that. :wink:

    So you are actually saying that homeowners' kids will be even better off than renters' kids because most of them won't actually have to pay any IHT on their inheritance? Fantastic! :D

    So to update my previous post:



    Previously you accused me of being "dumbed down" so I'll ask again; if my quote above is intrinsically incorrect please do let us know what other wealth you were thinking of that can be passed on and will be significantly different between home owners and renters?



    You originally implied that renters wouldn`t have anything to pass on, due to them not owning property. Obviously you have seen the absurdity of your position and are trying to twist it round the other way. I don`t really care, I am only here to discuss "Have we reached a tipping point for HPI mentalists?"
    :T
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Crashy_Time wrote: »
    Nothing. We are debating the collapse of perceived property values in the UK.
    Last time there was a property crash there was a stock market crash as well. Do you not think that is likely this time, so any potential loss in property value (I say potential as only realised if property sold) is likely to be matched by falls in the markets? Do you think this is purely a UK crash or as property has rebounded worldwide do you think it will be more widespread?
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    gallygirl wrote: »
    Last time there was a property crash there was a stock market crash as well. Do you not think that is likely this time, so any potential loss in property value (I say potential as only realised if property sold) is likely to be matched by falls in the markets? Do you think this is purely a UK crash or as property has rebounded worldwide do you think it will be more widespread?


    UK is due a proper crash, we didn`t take the pain first time around like US, Ireland, Spain etc, but it will be a global slowdown that finally tips us over the edge. I only track markets, if they really dipped I might increase my monthly contributions, property would have to correct massively from here before I would want to buy. Property hasn`t "re-bounded" it is being propped up by central bank intervention, and as the Japanese know it will only hold up for so long.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Nothing. We are debating the collapse of perceived property values in the UK.

    Is that what you are doing you could have fooled me.
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