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

Jack_Johnson_the_acorn

Jack_Johnson_the_acorn wrote: »

That makes no sense grammatically btw.

To answer, Yes, I read them and then re-read because I couldn't believe the absolute delusion in your posts.

Shall we go over this again, you moved from a 1 bed flat to an even worse HMO and your rent still increased by £50pm.

So that's a 14.3% increase in rent. Based on your own delusional figures, so I'd love to know the true figure.

P.s you've paid off over £80k of your LL's mortgage, yet you call him the muppet for taking on a mortgage which you begrudginly pay for him. :rotfl::rotfl::rotfl:

In fact, if he bought 17 yrs ago the chances are you've paid it off 2 or 3 times over.... :rotfl:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

That makes no sense grammatically btw.

To answer, Yes, I read them and then re-read because I couldn't believe the absolute delusion in your posts.

Shall we go over this again, you moved from a 1 bed flat to an even worse HMO and your rent still increased by £50pm.

So that's a 14.3% increase in rent. Based on your own delusional figures, so I'd love to know the true figure.

P.s you've paid off over £80k of your LL's mortgage, yet you call him the muppet for taking on a mortgage which you begrudginly pay for him. :rotfl::rotfl::rotfl:

No Acorn brains, I moved from a one bed flat at 350 p.m, to an HMO at about 200 p.m, I now pay 50 p.m more than I did for that one bed 17 years ago. It is very simple and the figures don`t lie, so don`t you lie and change things around to suit whatever agenda you have. In fact you don`t have an agenda, you just bought at peak and are now trying to justify that terrible mistake to yourself. No amount of smileys can change the fact that you messed up.

robmatic

Crashy_Time wrote: »

What you are saying doesn`t make sense, I am saving more than my rent every month, and have been for some time, rents here have gone nowhere in 17 plus years, I could pay my living costs for years without working, why do I need to own or "own" bricks and mortar?

Owning your own dwelling is probably the most tax-efficient method of utilising that capital that you're saving every month.

There are also the less tangible benefits of owning your own home, like decorating, or modifying it to suit your lifestyle, or getting a pet. I'm reasonably happy with my current rented home, but sooner or later the magnolia walls will start doing my **** in.

System

Crashed, I think the problem here is you're trying to argue with people that have already won the game. No matter what happens from here we will always be better off than you.

You'd be better off in the house buying section talking to the other potential buyers.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

No Acorn brains, I moved from a one bed flat at 350 p.m, to an HMO at about 200 p.m, I now pay 50 p.m more than I did for that one bed 17 years ago. It is very simple and the figures don`t lie, so don`t you lie and change things around to suit whatever agenda you have. In fact you don`t have an agenda, you just bought at peak and are now trying to justify that terrible mistake to yourself. No amount of smileys can change the fact that you messed up.

Lets talk facts then, I bought in DEC 2011. Prices have risen/dropped by what % since.

P.S you can check my post history, My house purchase thread is on there.

robmatic

Crashy_Time wrote: »

No Acorn brains, I moved from a one bed flat at 350 p.m, to an HMO at about 200 p.m, I now pay 50 p.m more than I did for that one bed 17 years ago. It is very simple and the figures don`t lie, so don`t you lie and change things around to suit whatever agenda you have. In fact you don`t have an agenda, you just bought at peak and are now trying to justify that terrible mistake to yourself. No amount of smileys can change the fact that you messed up.

Wait, you used to have a place of your own and now you're in a flatshare? So you haven't been able to maintain your living standards?

ukcarper

Crashy_Time wrote: »

No Acorn brains, I moved from a one bed flat at 350 p.m, to an HMO at about 200 p.m, I now pay 50 p.m more than I did for that one bed 17 years ago. It is very simple and the figures don`t lie, so don`t you lie and change things around to suit whatever agenda you have. In fact you don`t have an agenda, you just bought at peak and are now trying to justify that terrible mistake to yourself. No amount of smileys can change the fact that you messed up.

You did say on an earlier post that you had spent £81k in rent over the last 17 years are you now saying that that isn't true.

ladeeda

Crashy_Time wrote: »

Not in MSE world it seems, it is BUY BUY BUY, buy anything that moves, don`t think, just buy. Very sad.

Comments like the one made to you Crashy worry me about the future of housing in this country. At some stage the government will have to step in and regulate not just BTL mortgages but also the LL's themselves. The attitude of some is chilling.

Just realised that I have dandered into an MSE vs HPC was zone. Carry on chaps... :rotfl:

Crashy_Time

robmatic wrote: »

Owning your own dwelling is probably the most tax-efficient method of utilising that capital that you're saving every month.

There are also the less tangible benefits of owning your own home, like decorating, or modifying it to suit your lifestyle, or getting a pet. I'm reasonably happy with my current rented home, but sooner or later the magnolia walls will start doing my **** in.

Please tell me that you are joking? 100k, or whatever, tied up in a totally illiquid asset in the biggest housing bubble of all time is better than just popping the 100k into an NS&I ISA?

Jack_Johnson_the_acorn

ukcarper wrote: »

You did say on an earlier post that you had spent £81k in rent over the last 17 years are you now saying that that isn't true.

I don't think he realises he's lying he just can't keep up with his own delusions.... I might stop directing posts to him because I fear he may actually suffer some real mental issues.