The Next Nail in the Coffin

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Glad to hear it.

Best of luck for the future, whether you're able to buy or you remain a rentier. We're all human at the end of the day.:T

cells

Crashy_Time wrote: »

"So again as we hack through the undergrowth of the interweb, the dark underbelly, we see time and time again the same tactic used on any new animal that dares to question the HAIL HPI! mantra, the same old posters rise to the surface again and again, pecking, gouging, trying to discourage, operating in packs when the new animal is too strong, until the intruder goes off somewhere else (maybe a forum with more than ten members :rotfl:) leaving the old guard to scratch and defecate among themselves strong in the belief that nothing can go wrong in their fragile world" :rotfl:

you were right about the crash it happened already

much of the North and Midlands and Wales crashed in real terms by one third

pat yourself on the back :T


although what was the point of spending a decade saying house prices are going to crash. When they crashed which they did all you have is a pat on the back. How did it benefit you at all?

Conrad

Crashy_Time wrote: »

I see you are on the main forum telling a guy in Scotland who is clueless about BTL (or more likely at the wind up?) to fill his boots? The desperation to get others leveraged up here is truly laughable :rotfl:

Because those that got well into property after entering the work place are now those contemporaries of mine sitting very pretty indeed, often retired by 50.

Just ordinary folk that got stuck in and didn't sit about frightening themselves to death over future economics.


I've had many LL clients, I think none ever went belly up in the way your lot implies is virtually an inevitability.


No silver back ever won his harem by fretting about getting a thorn in his foot my dear chap.

Conrad

[QUOTE=Crashy Time;70442107


strong in the belief that nothing can go wrong in their fragile world" :rotfl:


[/QUOTE]




Here's the nub of it all ^


Get this; A great many people don't care for worrying about what tomorrow holds, they just live life to the full and hope it turns out ok. You might choke on a bone tomorrow.

mwpt

Conrad wrote: »

Get this; A great many people don't care for worrying about what tomorrow holds

Yes, because they expect the government will just bail them out again.

Or they'll demonstrate this not caring attitude by writing many letters to their councillors and tenants explaining how their hands are tied and their profits cannot possibly absorb the new reduction in interest relief and they can't possibly sell their pension investments, so unfortunately tenants will have to continue to pay for their new Land Rovers and new low tax domicile in Malta. Or they'll demonstrate not caring by crowdsourcing funds to form a judicial review to protect their already bloated gravy boats by challenging clause 24.

These happy go lucky types are very charming.

Conrad

mwpt wrote: »

These happy go lucky types are very charming.

I don't just mean LL's, I mean the sorts of ordinary people that have got on and bought a home without years of quivering in a corner fretting about potential crashes.


I find property bears detest it when their 'happy go lucky' friends 'blindly' risk buying a home and then find they've made a packet on it


2/3 years ago that Scottish Financial Planner twit from HPC was urging listeners of LBC Radio not to go anywhere near property for years.

westernpromise

Conrad wrote: »

I find property bears detest it when their 'happy go lucky' friends 'blindly' risk buying a home and then find they've made a packet on it.

If they'd stick to hating it I wouldn't care. Why I despise the HPC crowd is that having made their choices and now found they made appalling ones, they want those who made better choices than themselves punished for simply having done so. Hardly a day goes by on HPC without them wishing ill and new taxes onto others for being older than themselves or for having had better judgment.

Conrad

westernpromise wrote: »

If they'd stick to hating it I wouldn't care. Why I despise the HPC crowd is that having made their choices and now found they made appalling ones, they want those who made better choices than themselves punished for simply having done so. Hardly a day goes by on HPC without them wishing ill and new taxes onto others for being older than themselves or for having had better judgment.

Have you noticed their intense hatred of 'smug' couples appearing on property shows such as A Place In The Sun, with chunky money to spend?

wotsthat

mwpt wrote: »

Yes, because they expect the government will just bail them out again.

Or they'll demonstrate this not caring attitude by writing many letters to their councillors and tenants explaining how their hands are tied and their profits cannot possibly absorb the new reduction in interest relief and they can't possibly sell their pension investments, so unfortunately tenants will have to continue to pay for their new Land Rovers and new low tax domicile in Malta. Or they'll demonstrate not caring by crowdsourcing funds to form a judicial review to protect their already bloated gravy boats by challenging clause 24.

These happy go lucky types are very charming.

The people lending out their deposits (aka the 'prudent) were the ones bailed out. If their deposits had been wiped out they'd be doing exactly the same thing.

mwpt

wotsthat wrote: »

The people lending out their deposits (aka the 'prudent) were the ones bailed out. If their deposits had been wiped out they'd be doing exactly the same thing.

Their deposits were "wiped out". Creditors (depositors) took a haircut in the form of QE destroying the value of their deposits and rate slashing destroying the yield. The indebted property owners enjoyed the windfall. I know you can't help the Pavlovian response to disagree with me but please don't make me run round in circles to fix up your usual illogic.