Is property in a bubble?

Cornucopia

Crashy_Time wrote: »

Why did you respond to him then? You sound annoyed, Brexit vote not suiting your debt lovin` Ponzi-tastic tastes? :rotfl:
The world is falling in for many of the loons that used to post so confidently on here, it is just too funny really.

Have you actually read these threads? There's a whole connection going on here between irrational HPC advocates, Boomer-bashing and disputing/fearing the Referendum result.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Make the best of it, there is more chance of emergency rate hikes now than at any time since you bought, hope the extra disposable offsets your house price falling.

That's alright my friend you don't need to worry about my finances (I'll explain so you can sleep at night) I have around 30-40% equity so I can access a lovely long fix at historically low rates and would never have to worry about a rate rise, because we could easily afford to pay the majority off before the end of the term (only have £95k remaining. P.S it been announced that I'm getting a 14% pay rise over the next 3.yrs :j so.i might even treat myself to a 2nd property. :T just kidding I'd hate to be a LL. So you just worry about when that s21 notice is coming and when it inevitably does just remeber that the acorns are very happy

DiggerUK

Property has gone beyond prices reached in 2007.

Difference today is the much lower rates for mortgages.
Stacked up against that is barely increased pay packets.

It's a bubble Jim, but not as we know it..._

padington

I see this as a buying opportunity. We won't leave eu but there will be a big panic buy soon as the world see's the next couple of years the last chance saloon to live in UK and uk taxes will enter into the hugely desirable target area for new tech companies at exactly the right time for attracting the worlds geeks. London this time next year will be even more desirable and house prices even higher, mark my words if you wish.

Remember the markets and the economy are two different things.

DiggerUK

padington wrote: »

.........Remember the markets and the economy are two different things.

As different as two sides of the same coin..._

Crashy_Time

Jack_Johnson_the_acorn wrote: »

That's alright my friend you don't need to worry about my finances (I'll explain so you can sleep at night) I have around 30-40% equity so I can access a lovely long fix at historically low rates and would never have to worry about a rate rise, because we could easily afford to pay the majority off before the end of the term (only have £95k remaining. P.S it been announced that I'm getting a 14% pay rise over the next 3.yrs :j so.i might even treat myself to a 2nd property. :T just kidding I'd hate to be a LL. So you just worry about when that s21 notice is coming and when it inevitably does just remeber that the acorns are very happy

Glad to hear you can cover your debts, good job because the HPI fairy is unlikely to be picking up the tab.

wotsthat

Crashy_Time wrote: »

Glad to hear you can cover your debts, good job because the HPI fairy is unlikely to be picking up the tab.

You still have to cover your rent each month don't you - same as Jack has to cover his mortgage?

Just what went wrong in the nineties that debt rather than a consideration of cost and future liabilities became the be all and end all?

Crashy_Time

wotsthat wrote: »

You still have to cover your rent each month don't you - same as Jack has to cover his mortgage?

Just what went wrong in the nineties that debt rather than a consideration of cost and future liabilities became the be all and end all?

Rent is a cost. What went wrong in the 90`s? Well the bankers took over the world. If you want to play the bankers Ponzi game be my guest.

wotsthat

Crashy_Time wrote: »

Rent is a cost. What went wrong in the 90`s? Well the bankers took over the world. If you want to play the bankers Ponzi game be my guest.

Paying a mortgage is a cost unless you're really going to get pedantic.

Did you get repossessed or something? Surely you've not paid twenty years of rent to various landlords to get back at the bankers?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Rent is a cost. What went wrong in the 90`s? Well the bankers took over the world. If you want to play the bankers Ponzi game be my guest.

Whether you think it's a ponzi scheme is irrelevant, house prices are reasonable in your area as they are in mine, they're not London prices!!! You could have owned your own home by now Crashy, what size of crash will make your choice the correct one?

The valuation on my home is pretty much irrelevant to me, unless we decide to suddenly upscale or sell up and become forest dwellers (neither on the horizon).

You need to reflect on your life choices and stop projecting your anger/frustration/envy onto other posters. Becasue some of us are actually ok.