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

Jack_Johnson_the_acorn

wotsthat wrote: »

You've popped £81k into your landlord(s) back pocket, own 0% of nothing, and let's face it, haven't got any savings in an NS&I ISA.

I know you see yourself as a maurauding invader from across the ether but come on - you can't see the wood for the trees.

It's beyond painful now, we should really desist from upsetting him any further. :www:

ladeeda

ukcarper wrote: »

But only at the level they decide that would be a 1 bed flat for a couple.

Pensioners are exempt from bedroom tax. May change under universal credit, if it ever happens but currently exempt.

ukcarper

ladeeda wrote: »

Pensioners are exempt from bedroom tax. May change under universal credit, if it ever happens but currently exempt.

Bedroom tax applies to social housing everyone in private rental accommodation is subject to LHA rules.

Also just to add I'm not a pensioner in that sense.

wotsthat

ladeeda wrote: »

Pensioners are exempt from bedroom tax. May change under universal credit, if it ever happens but currently exempt.

How did we go from UKcarper pointing out that by buying his house he now avoids £1300 month in rent (which he wouldn't be able to afford) to you explaining the intricacies of the bedroom tax?

Seems that aiming to own your own home before retirement takes away these worries but granted the state will provide for you if needs be but you won't be getting a £1300/ month house.

ukcarper

wotsthat wrote: »

How did we go from UKcarper pointing out that by buying his house he now avoids £1300 month in rent (which he wouldn't be able to afford) to you explaining the intricacies of the bedroom tax?

Seems that aiming to own your own home before retirement takes away these worries but granted the state will provide for you if needs be but you won't be getting a £1300/ month house.

My choice 1 bed flat above bookies for which I would have to find £20 a month or detached house with a drive and nice garden in a quite cul de sac. Wish I hadn't bought.

wotsthat

townendwig wrote: »

I used to post a bit on HPC and got banned for no apparent reason and have always suspected it was that Bruce Banner who pulled the trigger. From memory I sarcastically and not so subtley hinted that he kept repeating himself and shortly after that I was banned.

Bruce if you're reading this can you unban me please? Username: Wig. I promise I won't type a word the next time you mention how much you've saved by renting vs buying over the past 20 years. It does seem to be a common view on this site in particular that HPC bans anyone who doesn't agree with them, sort of defeats the point of a forum, but I wasn't even ramping house prices over there!! I just had the temerity to joke with Bruce Banner.

I still enjoy reading HPC though because I find it a fantastic source of information with some extremely intelligent and free thinking posters on the forum, who give a credible and informed counter view to the mainstream which I always welcome. Inherently I feel that house prices are at completley unsustainable levels in relation to wages and the long term view worries me for the next generations.

I cannot fathom though, how a site called money saving expert could champion what is essentially, the highest component of the cost of living, going up.
Genuinely perplexed by that one, this whole site is about saving money and bringing your costs down yet the (apparent) dominant view is one of house price ramping. Cheer as I save a few pounds on quidco then cheer as I have to spend another £20k buying a house. Nuts.

For what its worth I'm currently renting a house with wife and young son. Believe it or not this is entirely by choice. I see zero value in the market and am acutely aware the combination of historic low interest rates and historic high prices is a nonsensical mix to buy into. In my opinion.

What do you say Bruce, can we give it another go?

Are you really begging to be allowed to post on a website where you were banned for questioning Bruce Banner's BS?

And you're promising to be a good boy from now on?

At least you've still got your dignity.

System

Crashy, can we start afresh because I genuinely don't understand what's going on now.

What is the point you are trying to make? Are you saying that we've done the wrong thing by buying houses? Or that people shouldn't buy houses now?

HAMISH_MCTAVISH

Latest update on price growth rates....

the_flying_pig

HAMISH_MCTAVISH wrote: »

...price growth rates...

:rotfl: when did that euphemism ever exist outside large estate agencies' PR departments? it's inflation, man, call a spade a spade!

Rota

wotsthat wrote: »

Are you really begging to be allowed to post on a website where you were banned for questioning Bruce Banner's BS?

And you're promising to be a good boy from now on?

At least you've still got your dignity.

Bruce would end up calling you a "son of a Bxxxxx" then you get banned as that tool sits there spouting rubbish about "illiquid depreciating asset" which is repeated over and over again like a broken record.