Renting in your 40's and staring into the abyss

ukcarper

Clifford_Pope wrote: »

Now who's not making sense - "better of" ..."if earnings had not increased more than earnings" ?

Yea that doesn't make sense that's what discussing things with Graham does to you., I'll correct it.

wotsthat

Graham_Devon wrote: »

Oh, I see you are playing the "you don't understand card" - again.

Problem is I do understand. Which is why i ask you to run the same calculation on 2008-13 data.

See if your bias will let you backup the data with the same gusto you are backing this argument up with.

If you understood you wouldn't have written post 184.

I don't need to run the calculations for the five years from 2008 - real wages fell as did real house prices. I don't need to live my life in denial.

I'm not quite sure what you're trying to prove.

Loughton_Monkey

Graham_Devon wrote: »

......The point is very simple. If you are going to look at a period for earnings, you HAVE to look at a period that the person was actually earning wages in........

No you don't.

You don't have to look at any data.

You just have to look at a couple of very well educated and [now] highly paid people who chose (a) to swan off round the world for a few years rather than work, and (b) to set forth on a breeding program of three kids, rather than knuckle down while young, work, save hard, and get on the property ladder before breeding.

If they couldn't afford [or were too idle to consider] buying 5 or 6 years ago when houses were a third cheaper, then there are no reasons whatsoever why they could buy now. It's all so obvious and predictable. A bit like choosing not to insure your house because you prefer spending the premium amount on books & videos and then whinging that you're penniless now the house has burned down.

Crashy_Time

wotsthat wrote: »

As someone who has rented by choice throughout their 30's and 40's and will likely never buy you might have some valuable insight for the subject of the OP.

http://www.housepricecrash.co.uk/forum/index.php?/topic/204529-new-build-losers/page-6


At least so far they are losing less than the smart renter has put aside, but I expect losses to pick up soon.

wotsthat

Crashy_Time wrote: »

http://www.housepricecrash.co.uk/forum/index.php?/topic/204529-new-build-losers/page-6


At least so far they are losing less than the smart renter has put aside, but I expect losses to pick up soon.

Some houses are still worth less than their peak price? Is that breaking news on HPC?

There's more to this.You've posted that link about 5 times now. I think your psychiatrist might suggest you're so very fearful of buying a house and seeing a fall in value you're willing to insure against this by spending the next 25 years in rented just like the last 20 odd.

A housing crash would scare you lot to death because you'd be forced to face your fears. Do you still sleep with your post office savings book taped to your chest?

chucknorris

wotsthat wrote: »

Some houses are still worth less than their peak price? Is that breaking news on HPC?

There's more to this.You've posted that link about 5 times now. I think your psychiatrist might suggest you're so very fearful of buying a house and seeing a fall in value you're willing to insure against this by spending the next 25 years in rented just like the last 20 odd.

A housing crash would scare you lot to death because you'd be forced to face your fears. Do you still sleep with your post office savings book taped to your chest?

It is strange isn't it, he/they claim that we are obsessed with HPI, yet they waste their time seeking houses on the internet that have fallen in value, but are possibly 100's miles from where they live. It is only recently that I have started to regularly (about every 3 months) check property prices, and that is only because they are approaching a value, and perhaps more importantly me an age when it would be the right time to sell.

But I'm much more interested in seeing if England can get a decent first innings lead, to set up a 3rd test victory.

lisyloo

Eventually house prices will have to come down in real terms even if that's nominal stagnation.
It's not going to be possible for todays graduates en masse to afford current prices so they will have to eventually.
Boomers will die (ok, the next few decades, but it will happen, that's one thing we know with certainty).
The mistake is trying to time that within one's own life.
There were perma bears talking about STR (and some did) in 2001. That is now 14 years and a significant part of people's working lives and in particular a woman's fertility window, so BIG mistake, HUGE mistake.

missyrichards

chucknorris wrote: »

It is strange isn't it, he/they claim that we are obsessed with HPI, yet they waste their time seeking houses on the internet that have fallen in value, but are possibly 100's miles from where they live.

OMG, I laughed a lot at that.:rotfl:

dktreesea

ukcarper wrote: »

What is the long term average mortgage rate I mean mortgage rate I believe the average is now about 3.5%

Someone else posted this earlier. Is it just over 5%?

dktreesea

Graham_Devon wrote: »

I've always found the argument baffling to be honest.

It's almost as if people genuinely believe that a loaf of bread falling by 20p somehow compensates people for house prices rising by £1,000 a month.

:TPost of the thread!