HPC thread of the week

wotsthat

Crashy_Time wrote: »

My belief is that people who were banned from HPC were having nasty little flaming wars with other posters, or endlessly trolling with mis-information and spam.

..and by complete co-incidence the vast majority of the good guys left agreed that UK property was in a bubble credit fueled ponzi.

HPC is a place for people who think there's going to be a crash. It's not a place where you debate whether it's going to happen - you only debate when and by how much. It's a good read - I like it.

mystic_trev

Crashy_Time wrote: »

My belief is that people who were banned from HPC were having nasty little flaming wars with other posters, or endlessly trolling with mis-information and spam.

When I bought my last house, Jan 2010, I posted a comment that I was buying on a HPC buying thread. BlooLoo responded saying that I'd bought far to early, and I replied saying it was my decision and I stood by it. HPC then banned me!

That property has since gone up 60% Even if the price crashed, I've still saved the best part of £100k over renting.

gadgetmind

wotsthat wrote: »

UK property is a credit fueled ponzi bubble.

Well, it's definitely credit fueled - how high would prices be if no-one could borrow to buy a house?

Ponzi, well maybe. It requires a stream of new people willing to take on the debt.

Bubble is much harder. You can really only say something was a bubble *after* it's popped. Mind you, I have seen a few pops over the years, and have been lucky enough to buy just *after* them.

Crashy_Time

mystic_trev wrote: »

When I bought my last house, Jan 2010, I posted a comment that I was buying on a HPC buying thread. BlooLoo responded saying that I'd bought far to early, and I replied saying it was my decision and I stood by it. HPC then banned me!

That property has since gone up 60% Even if the price crashed, I've still saved the best part of £100k over renting.

You must have had quite high rent? Seriously doubt you got banned for that exchange though.

Crashy_Time

gadgetmind wrote: »

Well, it's definitely credit fueled - how high would prices be if no-one could borrow to buy a house?

Ponzi, well maybe. It requires a stream of new people willing to take on the debt.

Bubble is much harder. You can really only say something was a bubble *after* it's popped. Mind you, I have seen a few pops over the years, and have been lucky enough to buy just *after* them.

Get yourself up to Aberdeen, there is a bubble on the hob up there just about to blow! :rotfl:

mayonnaise

wotsthat wrote: »

HPC is a place for people who think there's going to be a crash. It's not a place where you debate whether it's going to happen - you only debate when and by how much. It's a good read - I like it.

I'd rather listen to the latest record from that well established heavy metal act from Aberdeen.... Hamish & The Perma Prop Bulls.

mwpt

Crashy_Time wrote: »

My belief is that people who were banned from HPC were having nasty little flaming wars with other posters, or endlessly trolling with mis-information and spam.

Take a look at my old content and explain to me why I was banned. I believe it was because the lunatic CountOfNowhere accused me of being a troll or estate agent because on the Prime London thread I tried to back up (with some rational debate) why I didn't think prices in London would crash 60% or something.

And I believe that there are many more people like myself who went there with open minds but ended up banned. In the end there are only a few people left there who are able to argue a little against the pure crash mantra and that is probably because they've got many thousands of posts to their name. Anyone else just gets banned.

Jason74

Crashy_Time wrote: »

Too funny. The "other, more practical property related forums" seem to be full of people saying "Help me, did I make the right decision!" The basis of that is that they were somehow caught in a credit fuelled Ponzi. It is not the thinking of a "nutter" to see how the banks and media drove up the price of property in the UK, to benefit banks and to keep the sheeple feeling rich. My belief is that people who were banned from HPC were having nasty little flaming wars with other posters, or endlessly trolling with mis-information and spam.

I think in terms of the "help, did I make the right decision" posts, you're projecting your own prejudices onto others. People are making what is often the biggest financial decision of their lives It's natural to be a little jumpy about that, and also quite natural to seek reassurance from others who've been through a similar process. There's really nothing more to it than that imho, but you're choosing to make more of it because it suits your world view (which is fair enough in a way, plenty of people do similarly in all sorts of ways).

As for your belief around why people were /are getting banned from HPC, I think you're a long way wide of the mark. I posted my last few posts before my own ban from HPC on a previous thread and asked you how they merited a ban. Strangely enough, I never got an answer. Two other posters on this thread have posted similar experiences of being banned for simply not following the "party line" (and I doubt they will get a sensible answer either), and there are a number of other reports of similar scenarios elsewhere on line. Imho there are too many people saying something similar for there to be nothing in it.

Jack_Johnson_the_acorn

I wonder if crashy (who definitely isn't brainwashed) could find a single recent post on hpc which states there isn't going to be a crash, let's find if that poster is still active or banned..... Should be easy enough considering its such a reasonable site and not full of crazies ��

Conrad

My name was Dogbox on HPC back in the mid naughties.
I see they're still portending an almighty price crash. Many of us predicted the perma Bears would fail to buy in the next crash and sure enough....