My first London flat (1988) is up for sale...

Crashy_Time

ukcarper wrote: »

Well the times I have gone over there on threads where you have posted I didn't find 600 people disagreeing with me, very few in fact.

So you only go over there to stalk me?

ukcarper

Crashy_Time wrote: »

So you only go over there to stalk me?

No I look occasionally and when I find people putting thier opinions as fact I comment. You don't seem to understand that for most of us this board is light entertainment and when we venture onto other boards we try to be helpful.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

I have made opposing arguments with my existing profile, for example that HMRC doesn`t have the will or the means to really chase down landlords for tax, so no point pinning hopes on that for a crash, and that personally I don`t care if landlords declare tax or not, got some stick but nothing happened in the way you say.

What's your username over there? How many yrs have you been posting there?

How long have you been wrongly posting about house prices on that forum? It's been 2 & 1/2 yrs of being wrong over here btw.....

Crashy_Time

Jack_Johnson_the_acorn wrote: »

What's your username over there? How many yrs have you been posting there?

How long have you been wrongly posting about house prices on that forum? It's been 2 & 1/2 yrs of being wrong over here btw.....

A massive credit fuelled tanker doesn`t turn overnight, especially with every central banker and their dog trying to prevent a correction, but the bubble has to burst and we are now seeing the political fallout from too much intervention in the markets.


HPC predicted that a banking crisis would become a sovereign debt crisis which would morph into a political crisis - they were right.


I predicted Trump and Brexit - I was right.


HPC predicted US turnaround on rates eventually - they were right.


HPC predicted volumes would collapse before prices eventually gave way - they are right.


You predicted Sweet FA - Nobody listened anyway.....:money:


Hamish predicted that Aberdeen would soar...it did....in the repo/auction charts.......:rotfl:


I predict you won`t get the pay-out you initially hoped for from property, but you won`t care because you are always right...right?

Jack_Johnson_the_acorn

Crashy_Time wrote: »

A massive credit fuelled tanker doesn`t turn overnight, especially with every central banker and their dog trying to prevent a correction, but the bubble has to burst and we are now seeing the political fallout from too much intervention in the markets.


HPC predicted that a banking crisis would become a sovereign debt crisis which would morph into a political crisis - they were right.


I predicted Trump and Brexit - I was right.


HPC predicted US turnaround on rates eventually - they were right.


HPC predicted volumes would collapse before prices eventually gave way - they are right.


You predicted Sweet FA - Nobody listened anyway.....:money:


Hamish predicted that Aberdeen would soar...it did....in the repo/auction charts.......:rotfl:


I predict you won`t get the pay-out you initially hoped for from property, but you won`t care because you are always right...right?

That's all well and good except for one thing...... HOUSE PRICES HAVE SOARED SINCE THIS PREDICTION WAS MADE!!!!!!

You absolute lunatic. You need a price drop of 130% to break even. Is that likely?

Prices are in a different stratosphere now, never mind planet. So who cares if they drop 30% they've already increased massively. Sure there will be a few who will get caught in negative equity if prices fell 30% overnight but guess what will happen after that..... they'll rise again and you'll still be stuck in a HMO predicting the next great crash. :eek:

P.S you didn't answer my question about your username or the number yrs you've been spouting nonesense over there.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

That's all well and good except for one thing...... HOUSE PRICES HAVE SOARED SINCE THIS PREDICTION WAS MADE!!!!!!

You absolute lunatic. You need a price drop of 130% to break even. Is that likely?

Prices are in a different stratosphere now, never mind planet. So who cares if they drop 30% they've already increased massively. Sure there will be a few who will get caught in negative equity if prices fell 30% overnight but guess what will happen after that..... they'll rise again and you'll still be stuck in a HMO predicting the next great crash. :eek:

P.S you didn't answer my question about your username or the number yrs you've been spouting nonesense over there.

So have stock markets, which was good for me actually, but so what? Do you think the fundamentals have been changed by CB intervention, every time they try to hold off the crash now another "crazy" political event takes place, they are going to have to let it pop at some point or risk losing control of the whole system. We don`t need 30% for NE, you are confusing the wider market with your own situation again.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

So have stock markets, which was good for me actually, but so what? Do you think the fundamentals have been changed by CB intervention, every time they try to hold off the crash now another "crazy" political event takes place, they are going to have to let it pop at some point or risk losing control of the whole system. We don`t need 30% for NE, you are confusing the wider market with your own situation again.

I'd need a much larger crash than that Crashy. What you're forgetting is that you're in 20yrs of negative rent equity. But you've paid off your LL'S mortgage so that's 1 more mortgage than I've paid I suppose.

The major reason we bought was because we wanted a place to call our own. HPI is just a bonus for when we get older or to your age when we'll be a few yrs mortgage free. That was another reason. Ending our major housing expenditure. Something you won't get to experience as a forever renter.

PeterPanic

Jack_Johnson_the_acorn wrote: »

Maybe you should try and make a new profile with some opposing views and see what happens. This was 6 years ago before I even owned any property so mayne the moderator back then was a lunatic. But what I've just posted is 100% genuine no matter how much you might wish it was untrue. In reality it's a little bubble of people all agreeing with themselves. Unlike here where people who are proven wrong about house prices for years are still allowed to post. hint hint I mean you.

Best go, location location location is on. You can scream at the TV for the next hr.

I have also recently setup an account on there and noticed that my posts have never appeared either. I have checked the site on and off since it first started (14 years or so) and the mantra is still the same. Anyone buying a house is crazy as a 50% reduction in prices is going to start any day now. It is almost like a cult and if you spend enough time on there you start to believe it is going to happen. I was getting so convinced it was going to happen that in 2005 I was seriously considering selling up and going into rented, smug in the knowledge that all the people on housepricecrash knew something that everyone else didn't (thank god I didn't).

So the sheeple got on with life and bought houses and the good people of housepricecrash mocked their stupidity and rubbed their hands together at the bargain houses they were going to pick up come the revolution, sorry I ment inevitable crash.

Fast forward 10 years and the people who bought have seen prices more than double and the people on housepricecrash still won't buy because the crash is just around the corner. They are so worried it is going to happen and think they can time the market that they have never bought and now cannot even buy a house that they could have easily bought 10 years ago.

Their fear or something happening that is beyond their control means they have put their lives on hold much to their and their families detriment. To make themselves feel better they will come up with some deeply flawed maths that explains how renting actually saved them money. But still they won't buy as that crash is just around the corner.....