Is brit still around here or has the 8+ years he has been waiting forced him away?

ging84

that doesn't explain why you spend every waking minute preaching about house price inflation being the greatest process in the world, and without it we would all be completely doomed.

HAMISH_MCTAVISH

ging84 wrote: »

that doesn't explain why you spend every waking minute preaching about

I average 15-20 minutes a day on MSE, almost all of which is spent posting on a hidden board with no more than 50 regular users.

If I wanted to "preach" about HPI there's hundreds of more visible places I could do so.

house price inflation being the greatest process in the world, and without it we would all be completely doomed.

Well in a debt based and asset backed monetary system that's just stating the obvious.

And when you combine that with a central bank looking for asset price stability or gains and a genuine housing shortage to underpin it all with, the direction has been clear for a very long time.

But rubbing it in to the crashtrolls who called it catastrophically wrong when so many of us were right is more a case of Schadenfreude.

ging84

Well i have assumed the amount of effort you put into talking about it on this board is just the tip of the ice berg, and that the obsession is part of your daily life, where you spend the rest of your spare time going around perhaps dressed as your avatar, handing out flyers and hounding people in the street, telling everyone of the many benefits of home-ownership, i will be a little disappointed to learn that this isn't true.

Fraise

brit1234 wrote: »

My Update

As said before living in London I was priced out of the market. Credit Crunch came and I could afford to buy but waited for a better deal as they were removing all the dodgy stuff which caused that bubble like gift deposits, 100-125% mortgages, self cert/liar loans, BMV.

I didn't expect 0.5% interest rates, QE which came in to prop prices back up again Then all the stimulus poured in with shared equity and its variations which stopped me buying a flat as they raised the value to put it on that scheme. Then Foreign investors poured in, old people not getting interest pored their savings into property with Help to Buy and funding for Lending finishing any chance I had of buying.

I presently have a large deposit and watching for when I can afford to buy as prices fall. I haven't saved as much in my deposit recently as saving accounts have dried up, pay freezes and day to day costs rise.

It wasn't that I didn't want to buy but I was priced out and the only one I did go to buy was put up in value because of the shared equity scheme was brought in.

Hoping these London prices continue to fall and hoping there is no more stimulus to keep them high.

But London prices aren't falling, they're going up.

Even if there was a slight drop in about 10 years which sometimes happens, they never drop to the price they were 10 years previously,and they always bounce back up again.

With all due respect I can't understand your reasoning, wasting 8 years on a dream is quite silly really, especially when interest in savings is so low. You remind me of a ship that's lost its moorings that's drifting further and further from land....your dream is becoming less possible with every passing day that you wait for the impossible to happen. You haven't missed the boat as such, you've got on a different one heading in the wrong direction and with no way back.

wotsthat

These 'waiting for a crash strategies' require two key ingredients...

1) a misguided confidence in an ability to predict the future

2) a failure to understand the initial price of a house is just a single component that diminishes in importance over time.

padington

ging84 wrote: »

Well i have assumed the amount of effort you put into talking about it on this board is just the tip of the ice berg, and that the obsession is part of your daily life, where you spend the rest of your spare time going around perhaps dressed as your avatar, handing out flyers and hounding people in the street, telling everyone of the many benefits of home-ownership, i will be a little disappointed to learn that this isn't true.

Spending time considering an opportunity well and following your own learnt logic which transforms for the better the life chances for you and your family ever more is one thing.

Spending time considering an opportunity badly and following your own learnt logic which transforms for the worse the life chances for you and for your family ever more is another.

mayonnaise

Fraise wrote: »

You haven't missed the boat as such, you've got on a different one heading in the wrong direction and with no way back.

Good one.
Hey, brit can get on whichever boat he wishes, it's a free country after all.
But it does become a bit tricky IMO when he's allowed to spout his nonsense on the house buying and selling forums of a money saving website.

Have a look at this gem.
http://forums.moneysavingexpert.com/showpost.php?p=46458215&postcount=18
brit dissuading a potential buyer not to invest in property....instead to invest some in silver.(dated August 2011, when silver was at its all time high of 40usd/oz...it's 15usd now and we all know where house prices went)
Complete and utter madness.

padington

mayonnaise wrote: »

Good one.
Hey, brit can get on whichever boat he wishes, it's a free country after all.
But it does become a bit tricky IMO when he's allowed to spout his nonsense on the house buying and selling forums of a money saving website.

Have a look at this gem.
http://forums.moneysavingexpert.com/showpost.php?p=46458215&postcount=18
brit dissuading a potential buyer not to invest in property....instead to invest some in silver.(dated August 2011, when silver was at its all time high of 40usd/oz...it's 15usd now and we all know where house prices went)
Complete and utter madness.

I think even I had given up the silver ghost by August 2011. How important it is to accept when you're wrong, extract wisdom from the beating, open your mind to the new facts and change course.

Landofwood

Generali wrote: »

My apologies. I could have sworn you said you were a woman.

That was awkward.

chucknorris

Landofwood wrote: »

That was awkward.

Not as awkward as it would be if said face to face, rather than on an internet forum.