11 house hunters for every home on the market

wotsthat

mwpt wrote: »

But isn't this a miserable mentality? Sounds very spiteful to me. "Ha ha, stupid renter hasn't made any equity on a house" (ignoring they may have used the huge deposit money for a business or other investment).

Yeah - all renters have a big deposit don't they?

I don't care whether you think something I didn't say is spiteful or not. Too much time is spent on this board with people claiming the moral high ground and preaching how other people should think. If you want to change the way people think you'd be better off trying to understand how and why they think as the starting point. Then come up with an argument that's better than "it's just horrid".

Of course these high morals don't extend to the hand wringers pledging to sell their house for no more than they bought it for. That would impress me but I guess they'll keep proving themselves hypocrites instead.

mwpt wrote: »

But the fact is, unless you actually ARE planning on selling up your single property and perhaps retiring to another cheaper country, that increase in equity is pointless to you, and detrimental to other people. I'm no socialist but that's just spiteful economics.

There are no economics awards for pointing out housing equity has less liquidity than cash. I get it.

More housing equity = more options. It makes little difference whether that equity comes from mortgage repayments or HPI unless you're making a silly moral non-point.

I could sell my house and use the equity to live in Crashy's HMO until I was 112. (longer because I could eke a return on the cash and, of course, Crashy's rent wouldn't increase in the meantime).

Maths not morals.

wotsthat

Crashy_Time wrote: »

http://www.housepricecrash.co.uk/forum/index.php?/topic/203556-are-the-shires-crashing/page-71

Crashy, do you know why they continue to use % reductions on Rightmove as evidence of falling prices? It started a couple of years ago and, as far as I see, it's been 'proving' prices are falling as selling prices have increased.

I think it more likely proves people seem to sell houses by putting them up for more than they think they'll get and then reducing until a sale agreed.

Can you ask please?

System

It baffles me that they still look at asking price drops. Bubble & Squeak spent months on here getting excited about houses that had dropped from 500k to 480k, the fact that previous houses on the same road went for £200k didn't seem to matter.

mwpt

wotsthat wrote: »

Yeah - all renters have a big deposit don't they?

You're inventing arguments from hyperbole, it's dumb. If some of them have a big deposit, my point still stands.

Maths not morals.

I think your thinking is flawed. I don't think high HPI is good for most people, and ultimately there isn't a free lunch. I DO NOT WANT HIGH HPI AS A SINGLE HOME FIRST TIME BUYER. Is that clear enough? I want stable prices so that one day I can trade up to something nicer. I'm not going to remortgage into more debt so that I can buy a fancy car or anything else.

You can believe what you like, I'm done for now.

wotsthat

mwpt wrote: »

You're inventing arguments from hyperbole, it's dumb. If some of them have a big deposit, my point still stands.

Life isn't a like for like calculation. If there's a load of renters with big deposit sized lumps of cash then maybe they think prices are too high and refusing to pay them.

More respectable than complaining about high prices, buying one anyway and accusing other people who paid much less of being spiteful.

mwpt wrote: »

I think your thinking is flawed. I don't think high HPI is good for most people, and ultimately there isn't a free lunch. I DO NOT WANT HIGH HPI AS A SINGLE HOME FIRST TIME BUYER. Is that clear enough? I want stable prices so that one day I can trade up to something nicer. I'm not going to remortgage into more debt so that I can buy a fancy car or anything else.

All I've done is have the gall to have some HPI and talking about how I can spend it should I so wish. I just bought a house in the '90's and stayed there - not my fault everyone decided to bid up prices after.

That was their choice - not mine and it's making it more expensive for me to trade up.

What exactly would you wish me to do? If it's just to stop talking about HPI because you find the subject distasteful you're in the wrong place.

mwpt

wotsthat wrote: »

Life isn't a like for like calculation. If there's a load of renters with big deposit sized lumps of cash then maybe they think prices are too high and refusing to pay them.

More respectable than complaining about high prices, buying one anyway and accusing other people who paid much less of being spiteful.

You're misrepresenting my posts. I said your manner of looking down and bashing renters was spiteful, I didn't make any statement about you having bought cheaper. If HPI has worked for you, then that is good for you. I don't resent it at all, people should make their decisions in their own best interest because no-one else will. I just don't know what you gain by being a d!ck about it.

The topic that I was on, was buying into a stagnant market, which moved on to if HPI is good for people. I stated it wasn't good for me and probably isn't good for most people though they don't realise it. In the interest of defusing things, I have already accepted that HPI is good for people who plan on releasing equity from their house.

Crashy_Time

mwpt wrote: »

You're misrepresenting my posts. I said your manner of looking down and bashing renters was spiteful, I didn't make any statement about you having bought cheaper. If HPI has worked for you, then that is good for you. I don't resent it at all, people should make their decisions in their own best interest because no-one else will. I just don't know what you gain by being a d!ck about it.

The topic that I was on, was buying into a stagnant market, which moved on to if HPI is good for people. I stated it wasn't good for me and probably isn't good for most people though they don't realise it. In the interest of defusing things, I have already accepted that HPI is good for people who plan on releasing equity from their house.

And that tells you all you need to know about the users on this forum...all eight of them......:money:

Crashy_Time

wotsthat wrote: »

Yeah - all renters have a big deposit don't they?

I don't care whether you think something I didn't say is spiteful or not. Too much time is spent on this board with people claiming the moral high ground and preaching how other people should think. If you want to change the way people think you'd be better off trying to understand how and why they think as the starting point. Then come up with an argument that's better than "it's just horrid".

Of course these high morals don't extend to the hand wringers pledging to sell their house for no more than they bought it for. That would impress me but I guess they'll keep proving themselves hypocrites instead.



There are no economics awards for pointing out housing equity has less liquidity than cash. I get it.

More housing equity = more options. It makes little difference whether that equity comes from mortgage repayments or HPI unless you're making a silly moral non-point.

I could sell my house and use the equity to live in Crashy's HMO until I was 112. (longer because I could eke a return on the cash and, of course, Crashy's rent wouldn't increase in the meantime).

Maths not morals.

More housing equity means nothing, the house hasn`t changed, the equity is still illiquid, that means less options IMO. There will be many in Aberdeen right now learning this lesson the hard way.

mystic_trev

Crashy_Time wrote: »

And that tells you all you need to know about the users on this forum...all eight of them......:money:

Then why do you keep coming back? The intellectually superior posters on HPC should be able to keep you happy :rotfl:

Crashy_Time

mystic_trev wrote: »

Then why do you keep coming back? The intellectually superior posters on HPC should be able to keep you happy :rotfl:

I`m going to keep coming back until there are no users left here.........:rotfl:There are already more chasing each house it seems than bother to log on here anyway ....:rotfl: It is fun watching people trying to deny an obvious and unsustainable credit bubble. Nice insight into the human condition though....