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

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Not sure my landlord even has a mortgage. Enjoy your debt slavery, remember to change the wallpaper once in a while to make it all seem like "yours", and don`t cry too hard when NE bites you on the bum. Good luck.

No you're right, you've probably paid it off for him twice over by now.:money:

Just had the house re-plastered, be a shame to cover them freshly plastered walls with wallpaper!!! Could never be a rent slave, don't know how you cope.

Bought in 2011 with a 10% deposit..... Don't know if you can comprehend this but prices have only increased since I purchased it. On a smashing rate now thanks to the hpi, making overpayments galore..... Did I mention I should be mortgage free way before I'm 40????:cool:

System

We're overdue an amusing saguk post

Crashy_Time

HAMISH_MCTAVISH wrote: »

I know, I should probably feel bad.

But it's not like we didn't try to warn them.....

They were convinced it was all about the liar loans, 10 x income I/O mortgages, self cert, etc, pumping up lending to unsustainably high numbers of mortgages being issued every month. Which was of course complete tosh.

Yet here we are with mortgage rationing remaining endemic, approvals at little more than half the long term average, I/O gone for owner occupiers, self cert abolished, and new lending stress tested to 7%, and nationally prices have risen to a new peak anyway.

Because they completely failed to realise that the shortage of housing was the primary cause of high prices.

And rationing lending only caused new building to fall to 100 year lows, while rents soared to record highs, and a generation were forced to buy houses for their landlords instead of themselves.

The bulls won..... The bears were comprehensively defeated.

But now it's time to move beyond that, and for everyone to realise we have an almighty housing shortage to address, and no way of doing so until both lending and building increase radically from today's paltry levels.

Hamish, you present yourself as a poster that wants free and fair debate on the issues that concern us all, why not come clean, tell us which builder you work for, then debate from that standpoint of full disclosure?

System

:laugh:

Not disappointed by this hpc incursion at all. Good times.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Hamish, you present yourself as a poster that wants free and fair debate on the issues that concern us all, why not come clean, tell us which builder you work for, then debate from that standpoint of full disclosure?

I'd love/hate to know what's going on in your head....

From now on I shall refer to you as Mr David Icke

Crashy_Time

Jack_Johnson_the_acorn wrote: »

No you're right, you've probably paid it off for him twice over by now.:money:

Just had the house re-plastered, be a shame to cover them freshly plastered walls with wallpaper!!! Could never be a rent slave, don't know how you cope.

Bought in 2011 with a 10% deposit..... Don't know if you can comprehend this but prices have only increased since I purchased it. On a smashing rate now thanks to the hpi, making overpayments galore..... Did I mention I should be mortgage free way before I'm 40????:cool:

At least you will lose your own money in a crash, very thoughtful of you. Well done.

ukcarper

Crashy_Time wrote: »

Hamish, you present yourself as a poster that wants free and fair debate on the issues that concern us all, why not come clean, tell us which builder you work for, then debate from that standpoint of full disclosure?

There are 23 people on the group now how much do you think Hamish earns for trying to convince 23 people to buy especially when half don't need convincing.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

I'd love/hate to know what's going on in your head....

From now on I shall refer to you as Mr David Icke

Hamish continually calls for more building and more lending. I simply asked him if he is paid to troll property forums by one of the big builders. Making the connection isn`t rocket science.

ukcarper

Crashy_Time wrote: »

Hamish continually calls for more building and more lending. I simply asked him if he is paid to troll property forums by one of the big builders. Making the connection isn`t rocket science.

I hope Clapton isn't on piece rate.

HAMISH_MCTAVISH

Crashy_Time wrote: »

Hamish, you present yourself as a poster that wants free and fair debate on the issues that concern us all, why not come clean, tell us which builder you work for, then debate from that standpoint of full disclosure?

What is it with you lot and the ad hominems?

HPC-ers have at various times accused me of being...

-An EA

-A Labour troll.

-A Tory troll.

And now an employee of the builders. :rotfl:

I'm afraid it's much simpler than that....

I don't view HPI as intrinsically moral or immoral, just an inevitable outcome of the housing shortage.

And whilst I have profited immensely, will no doubt continue to do so, and have no qualms about it whatsoever..... not even I am selfish enough to think it's a good idea to exclude an entire generation from ownership thanks to an entirely avoidable housing shortage.

So while the shortage was bad before, is now an order of magnitude worse, thanks to the self defeating policies of mortgage rationing that you lot spent the last 7 years cheering on..... Despite being repeatedly warned this would be the outcome.

If you want cheaper houses, sustainably over the long term, build a few million more of them.

There really is no other way....