Properties with the biggest drops in prices

Crashy_Time

wotsthat wrote: »

So you've opted out of the ponzi by paying a landlord who has paid with bankers tokens instead? Or do you check that your landlords are mortgage free?

Why not buy a house and really opt out - banker man won't be able to lend against it again? It's not as if you don't have the funds :whistle:

Still don't see why you despise anyone that buys a house with borrowed money.

I check that my landlords are not likely to be selling any time soon, and by the amount of rent they are charging I know that their owning/mortgage situation is probably quite comfortable.


Buying, or borrowing money to buy in this market would be very foolish IMO.


I don`t despise anyone who buys a house with borrowed money, but I don`t like the rigged market Ponzi that the UK public so willingly sucked up for the bankers benefit, and I think anyone who trawls internet forums trying to argue and pretend that this market is somehow "normal" should be baited at every opportunity.

wotsthat

Crashy_Time wrote: »

I check that my landlords are not likely to be selling any time soon, and by the amount of rent they are charging I know that their owning/mortgage situation is probably quite comfortable.

Buying, or borrowing money to buy in this market would be very foolish IMO.

I don`t despise anyone who buys a house with borrowed money, but I don`t like the rigged market Ponzi that the UK public so willingly sucked up for the bankers benefit, and I think anyone who trawls internet forums trying to argue and pretend that this market is somehow "normal" should be baited at every opportunity.

You're more involved in the 'ponzi' than buyers with mortgages. Buyers have an end game of owning 100% of an asset and after that they're out.

Meanwhile you pay a landlord to actively participate in the Ponzi - they're all IO you know? Your landlords are comfortable partly because of you. Why would they be looking to sell?

saguk1234

Hopefully the value of the property doesnt drop to a point where remortgaging becomes very difficult. I have no sympathy!

wotsthat

saguk1234 wrote: »

Hopefully the value of the property doesnt drop to a point where remortgaging becomes very difficult. I have no sympathy!

I'd have some sympathy. Likewise I feel sorry for you that your own route to home ownership has failed.

Maybe I'm just a nice person.

Bubble_and_Squeak

saguk1234 wrote: »

Hopefully the value of the property doesnt drop to a point where remortgaging becomes very difficult. I have no sympathy!

don't be like that, sag
its only a bubble

Bubble_and_Squeak

cheaper than the last two sold for on that road and they STILL can't shift it
http://www.rightmove.co.uk/property-for-sale/property-42435289.html?premiumA=true

saguk1234

When these lot type to respond its clear that they want prices to go up. HPI love can only go so far. Whos going to buy your £1m studio in Edinburgh let alone the £10m bed with a shed in zone 8 London?

Bubble_and_Squeak

there does seem to be a lot of HPI enthusiasm going down on the site
to be fair, if i had a BTL mini-empire i'd probably be the same
but this site is a lot of fun
and i expect the party to hot up in the coming months

ukcarper

Bubble_and_Squeak wrote: »

there does seem to be a lot of HPI enthusiasm going down on the site
to be fair, if i had a BTL mini-empire i'd probably be the same
but this site is a lot of fun
and i expect the party to hot up in the coming months

I've said many times that it would have been better if prices hadn't increased as much as they have and would be quite happy for stagnation or small falls and I don't think I'm the only one.

chucknorris

Bubble_and_Squeak wrote: »

there does seem to be a lot of HPI enthusiasm going down on the site
to be fair, if i had a BTL mini-empire i'd probably be the same
but this site is a lot of fun
and i expect the party to hot up in the coming months

It heated up enough for me during the last couple of years, so it really doesn't matter if it dampens down a bit over the next couple of years. I'll take mirroring CPI or slightly below that over the next 10 years.