Has Crashy and co finally come to their senses...

nubbins

http://www.housepricecrash.co.uk/forum/index.php?/topic/210009-is-it-time-to-admit-we-are-just-plain-wrong/

wotsthat

Thecountofnowhere is leaving the country (again). He definitely probably means it this time.

mayonnaise

wotsthat wrote: »

Thecountofnowhere is leaving the country (again). He definitely probably means it this time.

He's trading down though.
From a multiple acres estate with airstrip in France to a 5 bed house with a pool and gardens in a nice area of Spain.

westernpromise

http://www.telegraph.co.uk/news/2016/06/07/i-was-an-angry-young-renter-who-railed-against-the-mortgage-indu/

Another one bites the dust...

EDIT: the ignorance, arrogance and denial in that HPC thread are just breathtaking. Not to mention the hypocrisy - moving to Spain (where I can price out the locals with my Northampton wedge), my bottom.

caronoel

wotsthat wrote: »

Thecountofnowhere is leaving the country (again). He definitely probably means it this time.

So how does Daniel explain his earlier lie about buying in France?

caronoel

Just read through that whole thread. Really cheered me up no end!

carslet

Think they are realising they are all wrong and have been since 2004

I bet everyone of them wishes they bought in 2004, I know I do.

padington

There will be a crash one day, the only thing is that people who bought over the long term won't care and most of those that tried to time it will get their fingers burnt because timing a dip in a bull market is a silly game.

westernpromise

The most instructive post in that thread is the bloke who split up with his girlfriend in 2001 because she wanted to buy a house in St Albans. He wasn't having any of it because prices in Snalbans in 2001 were "insane". He preferred to be single and to rent than to have a wife, family and family home.

Good call, there.

He has remained single ever since, however, because women keep wanting to buy a house and just live in it whatever the current price. His belief in an imminent crash is more important to him and hence he'd rather be single. Instead, he has outbid the locals in Ireland and has bought a house in Dublin, selfishly denying someone their own house over there. He still fervently hopes that prices will crash here anyway so that all those people who bought 15 years ago will be punished.

You have to think that all those women have had the luckiest of escapes.

*~Zephyr~*

What really ticks me off is that they don't think there should be any tightening of belts, or struggle or 'suffering' as they call it when this generation buys a house.

But the previous generations struggled too! My parents bought in 1968. Three bed link-detached house for £4,000. They wanted the corner plot next door but couldn't afford it because it cost £100 more.

Mum got pregnant unexpectedly a year later and gave up work to bring up my brother and, 4 years later, me. She didn't go back to work until I was in secondary school. I LOVED that my mum was a stay-at-home mum and I wasn't a latch-key kid, as they called them then.

BUT, they struggled. We didn't have new things. They didn't have a telly for the first year (probably why mum fell pregnant!!). The 3-piece suite was a hand-me-down from an Aunt. They didn't change the living room carpet until 1986. The kitchen was built by my grandfather and was literally falling apart when they could afford to replace it in 1988 (when the endowment paid off the mortgage). Mum made most of my clothes and knitted jumpers for everyone. If it weren't for Grandma's caravan in Bournemouth we wouldn't have had a holiday. Ever. Mum and Dad lived on egg & chips for years so that my brother and I had meat & two every day.

Thing is, most people in their 20's & 30-'s seem to want to move in to a perfect showhouse in a perfect area and immediately replace everything with the best-of-the-best. New kitchen every 5 years, new car every 3 AND an aspirational fortnight holiday every summer.


They think they can have it all.

cells

I think by in large their problems over on that site is that they earn less than average, receive or will receive less than average gifts and inheritances but want to buy more than the average home in a more than average prices area using only their income rather than joint incomes.

Whatever the price level is they will be disappointed until at least one of the factors above changes and for a lot of them with low incomes and high expectations neither changes enough to make it work.