HPC thread of the week

anchovypizza

chucknorris wrote: »

'Crashy Time' is a poster on here, who sold his house about 20 years ago, and rents by choice. He argues that it is best to store his wealth in cash (not property, shares or bonds). My post was aimed at his poor investment choices, rather than anything else (I did highlight his name in the post that I was replying to), but if you are new here, you obviously won't know the history of various posters. He will probably be along soon slagging off my investment choices, arguing that it is better to hold cash :rotfl:

Obviously I know that there is a place for cash in any portfolio, but not 100% in the long term.

For a multi talented millionaire with loads of interests with means you and a bunch of others on this board seem to spend much of your lives bullying this guy, and that is what it is.

I know a lot of people that come out with weird and wonderful things, far worse than this guy, but I choose to live my own life and not get too upset about others opinions.

But it seems to me most discussions on this board are really quite subjective, yet there are so many people 100% right.

chucknorris

anchovypizza wrote: »

For a multi talented millionaire with loads of interests with means you and a bunch of others on this board seem to spend much of your lives bullying this guy, and that is what it is.

I know a lot of people that come out with weird and wonderful things, far worse than this guy, but I choose to live my own life and not get too upset about others opinions.

But it seems to me most discussions on this board are really quite subjective, yet there are so many people 100% right.

You have got it the wrong way around! He is the one that comes on here and trolls, we merely respond. But what you about you? Your opening comment to me was:

'You must share with us some of your great wisdom Laddie'

and subsequently followed up with:

'I take my hat off to you if you have a method for knowing that there is no events in the pipeline, do you use the crystal ball or tea leaves method?'

EDIT: I don't actually spend much of my time on here, but like this morning/early afternoon, after a bit of time on here, I then took my dog out for a hike (9.3 miles) but just left my PC on, so I can see why someone might think that I've been here for a significant part of the day, when in fact I have not.

mystic_trev

....they're at each others throats today! :rotfl:

Ha ha I'm getting ganged up by the hpc bum boy club!!

Do I really need to oust that graph showing productivity and wage gap splitting in the mid 70s? Again? Really?

Do I need to clarify this isn't a labour Tory or right left thing? Again? Really?

It's funny how venger doesn't post a single bandwidth of me slagging brown, blAir, new labour off. No as that wouldn't suit his sad agenda.

This site has truly lost its way. You guys were funny and good entertainment when the last labour shower were in.

Now six years into the Dave and Osborne show and well you've all become a tad sad and irrelevant, a bit like your hero gudio Fawkes.

No wonder most of the quality posters and contributors have long left, all got fed up of venger obsessing about their mothers!

http://www.housepricecrash.co.uk/forum/index.php?/topic/206806-tax-credit-safe-face/page-35

ukcarper

anchovypizza wrote: »

For a multi talented millionaire with loads of interests with means you and a bunch of others on this board seem to spend much of your lives bullying this guy, and that is what it is.

I know a lot of people that come out with weird and wonderful things, far worse than this guy, but I choose to live my own life and not get too upset about others opinions.

But it seems to me most discussions on this board are really quite subjective, yet there are so many people 100% right.

This is a discussion board and if people post they should expect people to argue against there position, I have had many a disagreement with some of the people who have thanked my post. That's the function of this board if you do not like it perhaps you should stick to the other boards.

Pobby

A bit off thread but I just thought some of you guys would like to see this

https://www.youtube.com/watch?v=K_oET45GzMI

Oh dear. That was dodgy times. Just about everything thrown into a new business. Due to the previous few years property had increased so much that the rent on my shop was pitched at a 400% increase. It was silly cheap before that. The 400 pound a month budgeted for the house mortgage went through the roof and tbh I thought I would loose pretty much everything. As it turned out I didn`t but I do remember the day when black Wednesday happened. Fair bit of panic.

Now for the getting it wrong bit. based on what I saw and my experiences of a lot of people losing their homes, I figured that the rampant rise in property would never happen again. Oh well.

Crashy_Time

ukcarper wrote: »

This is a discussion board and if people post they should expect people to argue against there position, I have had many a disagreement with some of the people who have thanked my post. That's the function of this board if you do not like it perhaps you should stick to the other boards.

MEEEEEOW!! Has someone come and taken a wee in your HPI sandpit Carper?

Crashy_Time

chucknorris wrote: »

You must be quite an age, calling a 57 year old 'laddie', for the record I'm now in my 9th (purchased) home, although I still own 3 of those previous homes in addition to my current home (and also other property which I have never lived in). There wasn't any great secret, I just spotted that in the early 90's London properties were offering great yields at a time when no one was buying (people were actually handing keys back to estate agents). In fact that was a major factor in why I came down to London from Newcastle. But my comments were more to do with the poor investment choices made by people like crashy, who stores all his wealth in cash (over the long term, i.e. decades, which is absolute madness, cash is extremely unlikely to out perform either property or equities over decades).

Although my portfolio is heavily weighted in property, in recent years I have been investing in shares, although I do now take a low risk approach, protecting what I already have is my objective now. That is why I particularly like Vanguard's VHYL etf, it is very diversified, both in sector and geographically. I will be (at least partially) moving out of property quite soon, to both, take the profit and also in preparation of an easier lifestyle in my retirement (I'm retiring next September).

There isn't that much chance of 'things changing' (as you put it), our mortgages are only approx 12% of the total property value. If anything I should have stayed retired 5 years ago, when I came out of retirement to start my current job, but it wasn't just about the money.

Don`t recall saying I had been all in cash for decades? I said cash made sense now because we are experiencing some price deflation and the markets ceased to operate as they should years ago (2008 to be precise). I like cash, but also tracker funds, premium bonds, cash ISA`s/stocks and shares ISA`s and the odd well chosen company. My main metric of wealth, as mentioned many times , is how many years could someone live at their current lifestyle without working, that requires access to liquidity which property doesn`t give IMO. Sure you can flog a house or two, maybe, but if the market turns you might find that difficult, again, as I said many times, if you want to cash out you better get going.


BTW, if someone even had three years clear living expenses in a cash account they would be doing better than the average mortgaged up bubble price buyer according to the stats that keep getting rolled out about how long people can survive etc.


You bought at the right time for buying BTL, many didn`t, and they are the ones who are going to dictate the price environment you end up selling into.

mayonnaise

Crashy_Time wrote: »

My main metric of wealth, as mentioned many times , is how many years could someone live at their current lifestyle without working,

The number of years you could live in a bedsit in Musselburgh without working is your metric of wealth? :rotfl:

Mistermeaner

I've had no hpi since buying in 2004

What I do have is a modest pile of equity and mortgage freedom 3years away, having paid perhaps 10% premium over rents on similar properties in my area.

It's my home and I'm not selling it for cash, don't care about its value.

In what circumstances would I have been better renting?

System

mayonnaise wrote: »

The number of years you could live in a bedsit in Musselburgh without working is your metric of wealth? :rotfl:

So the bloke I gave a quid to on the street who smelt of wee is wealthier than I am. Con merchant.