HPC thread of the week

anchovypizza

Joeskeppi wrote: »

He's given up pretending he hasn't registered over here it seems. Not sure how long the France lie will last.

And another one, what do you guys get out of it?

It's like you go looking for people to hate, and it seems to be a certain type you go gunning for.
There are problems within the housing market in the UK, if you agree with that or not is irrelevant. But to go looking for one particular odd ball or nutcase and then stereotype or generalise based on what you set out to find is immature at the least.

I could parade battalions of young intelligent people who would give a good articulate argument as to why we have a problem in the UK today.

Please grow up

System

Fnar, hate's a bit strong for someone I've never met, however that was amusing given we are discussing of one of the most hateful people on the whole of the interwebs, good work.

Crashy_Time

chucknorris wrote: »

Yes, however its value would be to the poor rather than the millionaires, because if his financial advice was followed, it would redistribute the wealth from the wealthy to the poor.

Nobody said leave it too the poor, I said you could pass it on to someone (they could be richer than you) as a gesture, you don`t necessarily need to sell and spend just for the sake of it. IMO you have missed the best selling opportunity anyway.

Crashy_Time

wotsthat wrote: »

Crashy does valuable charity work giving free financial advice to millionaires.

The only millionaires on here are paper ones (need to sell a house at a daft price to someone who is dafter than the price) or imaginary ones (their doctor lets them post on the internet between lithium shots/ or they are still at school and just taking the pee out of idiots on the internet who borrowed too much) My advice to all the property "millionaires" on here is SELL NOW...SELL EVERYTHING......:rotfl:

Crashy_Time

TheeMaskedTurnip wrote: »

Technically you are not debt free if you have to continuously rent somewhere to live, as you'll forever have to pay for shelter. You're only really debt free if you own a house mortgage free.

Technically rent is a cost, it is not a debt.

wotsthat

Crashy_Time wrote: »

The only millionaires on here are paper ones (need to sell a house at a daft price to someone who is dafter than the price) or imaginary ones (their doctor lets them post on the internet between lithium shots/ or they are still at school and just taking the pee out of idiots on the internet who borrowed too much) My advice to all the property "millionaires" on here is SELL NOW...SELL EVERYTHING......:rotfl:

Despite your skill in calling house prices you need to remind yourself you sold at generational lows and have rented for the last 18 odd years. You're not qualified to offer financial advice to others.

wotsthat

Crashy_Time wrote: »

Technically rent is a cost, it is not a debt.

It's something you're going to have to pay for the rest of your life unless you buy. Probably why you've gone from advising people sell to frantically begging them to sell.

chucknorris

Crashy_Time wrote: »

Nobody said leave it too the poor, I said you could pass it on to someone (they could be richer than you) as a gesture, you don`t necessarily need to sell and spend just for the sake of it. IMO you have missed the best selling opportunity anyway.

But what is your opinion worth? You would have sold up years ago when prices were much lower. Even if I had sold up at the previous peak around early 2008, our properties were more than £1m lower in value than they are now (and that is assuming selling at the exact time when prices peaked back in 2008).

I'm not doing it for the sake of it, it was always my exit strategy to sell up in or around my 60's, far from being an impulse, it will be the execution of about/almost a 30 year plan.

The timing should work out quite well (obviously this bit wasn't planned back in the early 90's), because when the base rate creeps back up to around 3%, I estimate that dividend income from the (net) equity on my properties (not my wife's, she wants to keep hers for longer) would be within £10k of the rental income. That is close enough for me to think that the (hassle free) dividend income represents the better value. Whether or not it all actually goes into shares is questionable, I need to ponder on that one, that is probably unlikely.

chucknorris

Crashy_Time wrote: »

The only millionaires on here are paper ones (need to sell a house at a daft price to someone who is dafter than the price) or imaginary ones (their doctor lets them post on the internet between lithium shots/ or they are still at school and just taking the pee out of idiots on the internet who borrowed too much) My advice to all the property "millionaires" on here is SELL NOW...SELL EVERYTHING......:rotfl:

That's not actually true Crashy, we have other assets (excluding property) that exceed that milestone.

caronoel

wotsthat wrote: »

Despite your skill in calling house prices you need to remind yourself you sold at generational lows and have rented for the last 18 odd years. You're not qualified to offer financial advice to others.

Being consistently wrong doesnt stop Moneyweek (the thinking man's Andrex) from offering "advice"