Heartwarming tales of House prices

Aberdeenangarse

wotsthat wrote: »

MSE = mainly people who have bought because they think it's better than renting

HPC = mainly people who want to buy because they think it's better than renting

MSE - relaxed and living in their own(ed) Homes.

HPC - Cult of the bitter and twisted, kicking themselves for not buying 10 years ago

ruggedtoast

Aberdeenangarse wrote: »

MSE - relaxed and living in their own(ed) Homes.

HPC - Cult of the bitter and twisted, kicking themselves for not buying 10 years ago

I think it was that thread where they were discussing that how apparently many of them get new cars on finance, and rent their homes. In contrast the enemy (homeowners with mortgages) "rent" their houses and buy older cars outright. I dont know who did this research but its certainly true that mortgage holders are more interested in paying it down than handing over £300 a month in depreciation.

Apparently a lot of the HPC massive are tooling around in new BMWs on 98% finance packages, while they rent their houses and put their savings in a bank account paying less interest than inflation.

And they believe this makes sound financial sense and people with mortgages are "idiots", "greater fools" and "sheeple".

I can begin to see why some of them have the problems they do.

I wonder if BMW are going to start marketing to them directly.

"Don't be an idiot, sheeple or greater fool. Drive your brand new 7 series away today. You know it makes sense. Thats £35 a year alone you are saving on MOTs!"

mayonnaise

wotsthat wrote: »

MSE = mainly people who have bought because they think it's better than renting

HPC = mainly people who want to buy because they think it's better than renting

Aberdeenangarse wrote: »

MSE - relaxed and living in their own(ed) Homes.

HPC - Cult of the bitter and twisted, kicking themselves for not buying 10 years ago

MSE =


HPC =

Crashy_Time

ruggedtoast wrote: »

I think it was that thread where they were discussing that how apparently many of them get new cars on finance, and rent their homes. In contrast the enemy (homeowners with mortgages) "rent" their houses and buy older cars outright. I dont know who did this research but its certainly true that mortgage holders are more interested in paying it down than handing over £300 a month in depreciation.

Apparently a lot of the HPC massive are tooling around in new BMWs on 98% finance packages, while they rent their houses and put their savings in a bank account paying less interest than inflation.

And they believe this makes sound financial sense and people with mortgages are "idiots", "greater fools" and "sheeple".

I can begin to see why some of them have the problems they do.

I wonder if BMW are going to start marketing to them directly.

"Don't be an idiot, sheeple or greater fool. Drive your brand new 7 series away today. You know it makes sense. Thats £35 a year alone you are saving on MOTs!"

The idea that the handful of mentalists who post on here are "relaxed" about the future of house prices is pure comedy gold. When they are not out walking with their friend`s dogs, or discussing fine wines down at the local yacht club they are on here desperately trying to convince anyone who will listen (about 15 or so regulars :rotfl:) that they made the right choice. The funniest case is Hamish who after years of posting absolute rubbish about house prices finds himself at the epicentre of what has the potential to be one of the biggest housing crashes in the UK. You couldn`t make it up ... :rotfl:

Crashy_Time

wotsthat wrote: »

MSE = mainly people who have bought because they think it's better than renting

HPC = mainly people who want to buy because they think it's better than renting

MSE = Mainly people who need daily re-assurance that taking out a mega loan to sit inside four walls was the right thing to do (it wasn`t)


HPC = Mainly people who can see that we are living through the bursting of a debt Ponzi, and thank their lucky stars that they didn`t go for the Mega Bucks loan.

wotsthat

Crashy_Time wrote: »

MSE = Mainly people who need daily re-assurance that taking out a mega loan to sit inside four walls was the right thing to do (it wasn`t)


HPC = Mainly people who can see that we are living through the bursting of a debt Ponzi, and thank their lucky stars that they didn`t go for the Mega Bucks loan.

I might be in the HPC gang then because I've got a small mortgage on a house purchased in the nineties which, I understand, would now be a permissible price to pay. You started renting BTW at the same time.

When the crash happens I'm going to be buying the big retirement house. Problem is you lot have been promising this for so long it's obvious it's simply something you hope for and you have no clue whether it will or won't.

What are you going to buy when the mega bucks debt ponzi bursts?

MFW_ASAP

wotsthat wrote: »

When the crash happens I'm going to be buying the big retirement house.

The crash has already happened, and this is exactly what I did - I bought the big retirement (farm)house. I maxed out my finances to do it, just like the HPC crash mob hate, and I've since used mega-low interest rates to help me pay it down to a nice low amount. Lovely jubly

ruggedtoast

Crashy_Time wrote: »

MSE = Mainly people who need daily re-assurance that taking out a mega loan to sit inside four walls was the right thing to do (it wasn`t)


HPC = Mainly people who can see that we are living through the bursting of a debt Ponzi, and thank their lucky stars that they didn`t go for the Mega Bucks loan.

I would rather not have taken out a mega loan, but the alternative was moving to yet another sub standard rental.

I dont think people should be forced into buying if they dont't want to, but there doesnt seem to be much alternative at the moment.

wotsthat

MFW_ASAP wrote: »

The crash has already happened, and this is exactly what I did - I bought the big retirement (farm)house. I maxed out my finances to do it, just like the HPC crash mob hate, and I've since used mega-low interest rates to help me pay it down to a nice low amount. Lovely jubly

I just went for the small holiday home that I never would have afforded without the crash.

Current plan is to upsize to a different (more expensive) part of the country, commute for a few years, and then downsize the job - fancy being a hospital porter for £9/ hour in 2020 although I fear that wage is likely to destroy a number of these jobs.

Cheaper house prices would allow me to bring forward this move and eventual retirement. Crashy and his mates keep promising.....

MFW_ASAP

As an aside, I wonder how Aberdeenangarse's 'portfolio' is doing. I seem to recall him gleefully bragging that it had doubled a coupel of weeks after I first mentioned that I had sold my investments into cash. Strangely, as it has been a falling market since I sold? Perhaps he has the same investments as the ones the HPC guys use to store their house deposits? The ones that only increase?