HPC thread of the week

ukcarper

Crashy_Time wrote: »

Well I know how much my rent is, which seems to be more than you know...:rotfl:

So you don't understand

ukcarper

Crashy_Time wrote: »

Well it became a government engineered bubble after the banks went t*its up trying to engineer it, hence the growth spurts popping up mainly in places like London, they can`t replace the wall of global money that was flowing into property pre- 2007. Before subprime hit the buffers prices were soaring all over the country and volumes were high.

You shouldn't believe all you read on HPC website.

wotsthat

Crashy_Time wrote: »

Well it became a government engineered bubble after the banks went t*its up trying to engineer it, hence the growth spurts popping up mainly in places like London, they can`t replace the wall of global money that was flowing into property pre- 2007. Before subprime hit the buffers prices were soaring all over the country and volumes were high.

You've been avoiding debt ever since selling up into the lowest prices in a generation. It wasn't the bubble, ponzi, IO, or new builds that turned you against debt - the HPC mantra was something you latched onto later.

After all, if someone's experience of renting has been wholly positive, they've lived in lovely cheap places and never experienced a rent increase HPC wouldn't seem to be a place they'd be drawn to.

An interesting back story I bet.

Crashy_Time

wotsthat wrote: »

You've been avoiding debt ever since selling up into the lowest prices in a generation. It wasn't the bubble, ponzi, IO, or new builds that turned you against debt - the HPC mantra was something you latched onto later.

After all, if someone's experience of renting has been wholly positive, they've lived in lovely cheap places and never experienced a rent increase HPC wouldn't seem to be a place they'd be drawn to.

An interesting back story I bet.

Pardon? :rotfl: What are you chewing on BTW ?

Crashy_Time

ukcarper wrote: »

So you don't understand

Why don`t you spell out your version for us?

Crashy_Time

ukcarper wrote: »

Yes they could move to a cheaper part of country and buy for cash

That gets a lot trickier the closer you "buy" to Peak Bubble price, especially with I.O, many people will never clear their property debts, and that goes for places outside London as well.

ukcarper

Crashy_Time wrote: »

That gets a lot trickier the closer you "buy" to Peak Bubble price, especially with I.O, many people will never clear their property debts, and that goes for places outside London as well.

I'm sure you were saying the same thing in 2007 but even so people in London who bought then have seen a significant increase in the value of their property. I can remember feeling a little sorry for the couple who bought a house near me just before the crash but that house is now worth £100k more than they paid for it.

ukcarper

Crashy_Time wrote: »

Why don`t you spell out your version for us?

If rents are determined by what people can afford are you living in a shared house.

Crashy_Time

ukcarper wrote: »

If rents are determined by what people can afford are you living in a shared house.

What is your point, that you don`t know what the link is between rents and prices?

ukcarper

Crashy_Time wrote: »

What is your point, that you don`t know what the link is between rents and prices?

Because landlord rent properties for profit not as a charity and if the price of their asset has increased 3 fold but their income from property hasn't increased a significant number will sell.