HPC thread of the week

chucknorris

Crashy_Time wrote: »

Global recession moving up a gear today according to the media chaps, hope you are happy with your positions and get the rent rises you dream of (fat chance IMO)

Very happy, thanks. My only regret is that I didn't buy more property, but then again, hindsight is an exact science, so I can't be too hard on myself.

Out,_Vile_Jelly

A global recession affects everyone's job prospects and pensions, renting or not. What an odd thing to celebrate.

mwpt

Crashy_Time wrote: »

Global recession moving up a gear today according to the media chaps, hope you are happy with your positions and get the rent rises you dream of (fat chance IMO)

The problem with this is that most HPCers claim to have their money parked in well earning shares and some in cash. Thus the recession is so far hitting HPCers more than home owners. And with money flooding out of equities and into bonds, interest rates are likely to remain suppressed during that period. To get your crash, you need rates to rise, not fall.

I'm afraid you're wishing for an event that isn't going to work out for you how you think it will. Of course nothing is certain except hindsight, so let's revisit this every so often and see how your bet against prices is playing out.

TheeMaskedTurnip

Crashy_Time wrote: »

Global recession moving up a gear today according to the media chaps, hope you are happy with your positions and get the rent rises you dream of (fat chance IMO)

What's your BCR Crashy Wrashy?

westernpromise

TheeMaskedTurnip wrote: »

What's your BCR Crashy Wrashy?

> 100%, almost certainly.

Crashy_Time

mwpt wrote: »

The problem with this is that most HPCers claim to have their money parked in well earning shares and some in cash. Thus the recession is so far hitting HPCers more than home owners. And with money flooding out of equities and into bonds, interest rates are likely to remain suppressed during that period. To get your crash, you need rates to rise, not fall.

I'm afraid you're wishing for an event that isn't going to work out for you how you think it will. Of course nothing is certain except hindsight, so let's revisit this every so often and see how your bet against prices is playing out.

Wishful thinking of the highest order, deflation/recession is going to hit someone with a large mortgage to pay and other debts far harder than someone who is debt free, cash rich and renting for peanuts.

Crashy_Time

Out,_Vile_Jelly wrote: »

A global recession affects everyone's job prospects and pensions, renting or not. What an odd thing to celebrate.

Of course celebrating endless HPI/HPI forever isn`t odd in the least :rotfl:

wotsthat

Crashy_Time wrote: »

Wishful thinking of the highest order, deflation/recession is going to hit someone with a large mortgage to pay and other debts far harder than someone who is debt free, cash rich and renting for peanuts.

You're the first prepper I've come across who invests in trackers.

mwpt

Crashy_Time wrote: »

Wishful thinking of the highest order, deflation/recession is going to hit someone with a large mortgage to pay and other debts far harder than someone who is debt free, cash rich and renting for peanuts.

Go have a look what is happening in the markets, commodities and equities are taking the biggest hit and money is flooding to safe haven bonds which suppress interest rates. This isn't wishful think because it is actually happening. Unlike your perpetual housing crash that is always just around the corner.

Don't get me wrong, I'd love prices to be lower but you'd need to explain the actual mechanism by which I as a Londoner with a mortgage will lose out? We could discuss something concrete but all I see above is *waves hands, deflation, crash*.

Out,_Vile_Jelly

Crashy_Time wrote: »

Of course celebrating endless HPI/HPI forever isn`t odd in the least :rotfl:

Yes, I agree, being obsessed by extreme scenarios is odd. Hence I am in the boring sensible middle; assuming things can go up and down and positioning myself to be in the best financial position for any possible outcome. Remember Britain is full of rather dull but sensible people who disapprove of extremes.