They think its all over....It is now...

Sibley

The HPC gang really have thrown in the towl this time...:beer:

http://www.housepricecrash.co.uk/forum/index.php?/topic/204118-is-it-time-to-give-up/

mayonnaise

It must be time to give up

Fed up with it.

oh fer F***sake!

Game over, losers! :rotfl:

Loughton_Monkey

mayonnaise wrote: »

Game over, losers! :rotfl:

The country needs losers.


If you are educated and articulate and behaved at school, you don't want everyone to be the same. You need less competition for the good job. Let those who didn't bother at school just apply to be burger flippers.


Those who think house prices are going to crash and who will not buy help to reduce the competition (and price inflation) in an already hard pressed market.


Those who don't shop around for utilities keep my own costs down.


We need losers so much, we should respect them. Let's call them 'runners up'.

Conrad

Why do people say it's impossible to buy, these characters have been around forever and yet every day, ordinary folk buy homes.

TheBlueHorse

its impossible if you're a moron.

jacko74

There's no doubt the more extreme HPCers are deluded and living in dreamland... but by the same measure anyone who thinks the current state of affairs is acceptable, with ridiculous asking prices and a completely seized up property market, is equally just as out of touch with reality

hpifever

But why is house prices going up a good thing?

Pobby

I think because that some householders think that it makes them richer. HPI causes far more problems than it does good. Mind you if you are a low geared landlord, guess they are up for it.

Sibley

hpifever wrote: »

But why is house prices going up a good thing?

Because when you retire and move abroad. You will either have a nice nest egg or healthy monthly rental to live off.

padington

hpifever wrote: »

But why is house prices going up a good thing?

It's a strategy you can use if you your're economy needs kick starting.

We've had the slowest move out of depression for a long time. We needed to use whatever kickstart remedies we could. If we hadn't have done it, god knows where we would be be.

Whilst my place doubled in price over the last three and a half years I've put in two wood burners, a large piece of walk on glass as a sun light, turned an old flat roof into a lovely roof garden and turned a broken glass back yard in to a small wildlife haven. This was done mainly because I've felt flush as my paper value has doubled and could borrow more as my equity was so large. Obviously still careful though and still have a relatively small repayment mortgage.

All that money sloshes into the economy and makes jobs. Those jobs bring in taxes and save on benefits.

Also that investment make the area genuinely nicer and increases its real value in a real and meaningful way.

Obviously there are the downsides to high house prices but given the downsides of an economy stagnating just in a period of the cycle when it's got it best chances to succeed, with more bright minds left on the dole etc, it's a better solution.

carslet

I love the way the celebrate when houses go down 0.1% as some sort of victory and how the 50k or more they spent in rent over the years was a saving
Got to laugh about it