Today's Bear food

p1212

wotsthat wrote: »

It really isn't. Try buying something you can afford instead of playing the blame game because you can't afford what you think you deserve.

It's HPC all over. Some of them think they can't settle down because they don't own a house - it's not - it's because people who attend pity parties aren't than fun to be around.

Yes, you want me to spend much more in real terms than you, for a much worse property, just to conserve the value of your property and your wealth.

It won't happen.

wotsthat

p1212 wrote: »

Yes, you want me to spend much more in real terms than you, for a much worse property, just to conserve the value of your property and your wealth.

It won't happen.

One thing I think the average HPC'er fails to appreciate is the longer you own the less impact the original price paid has. I care much much more about what the mortgage costs than what I paid or what the current asset value is.

I'd quite like prices to fall around 20% - 30%. If you think your continued misery helps I won't argue.

p1212

wotsthat wrote: »

One thing I think the average HPC'er fails to appreciate is the longer you own the less impact the original price paid has. I care much much more about what the mortgage costs than what I paid or what the current asset value is.

I'd quite like prices to fall around 20% - 30%. If you think your continued misery helps I won't argue.

You should not care about your mortgage costs, you should not even have a mortgage. You should care about your leaders abusing free market and causing a huge turmoil not too far in the future.

cells

p1212 wrote: »

Yes, you want me to spend much more in real terms than you, for a much worse property, just to conserve the value of your property and your wealth.

It won't happen.

This is your problem and one you need to recognize and correct. House prices have gone up x amount so therefore they are overpriced and cant go up forever....it does not work that way because you are incorrectly picking a starting point and referencing that as the normal

I recall the period 1995-1999 where in London prices boomed about 60% in just 4 years and some at the time were calling it crazy and it cant go on. Fast forward 16 years and prices are up 3.5x more

There are good fundamental reasons for London being expensive. Two big ones for me that stand out are

1: building costs are high. The big builders only have about 10-20% margin so a 10-20% fall in prices will crash new build supply and a further magnified impact on secondary sales

2: the last 20 years has seen London jobs and wealth and GVA grow more rapidly than the rest of the country. All future prediction seem to suggest strongly that that will continue for the next 20 years. eg tourism couldo double over the next 20 years and the lions share of that money will flow into London as no tourists visit stoke-on-trent

wotsthat

p1212 wrote: »

You should not care about your mortgage costs, you should not even have a mortgage. You should care about your leaders abusing free market and causing a huge turmoil not too far in the future.

If I'd never had a mortgage I would've had to rent and be miserable like you.

I'm not persuaded by your ideas of a vague impending turmoil. I've heard it all before. Here's what'll happen...

You'll keep talking your book and you'll keep house hunting. Eventually you'll buy something, kid yourself you've saved money by waiting and you'll slink off never be seen here again.

chucknorris

p1212 wrote: »

We have different goals and viewpoints. In your world maybe everyone is shorting or having long positions and checking their paper wealth every day.

I am not interested in investments etc..., I am interested in having a place to live in and forget this mess created by your type forever. I don't care working hard for things.

As the only thing you can think of is free, unearned money, you buy stocks and hope they are going up. You want house prices to go up as you have invested there too. You will teach your children to get into debt, speculate, buy stocks and wait for them going up without any value created. I teach them to work hard, never get into debt, create something of a real value and just ingore your type.

This irrational risk taking and everyone wanting free unearned money thingy thrived with governments abusing free markets, more and more people got lured into this idiotism, and now everyone is in godmode thinking they are so clever that they will always win by doing nothing.

I had to reply to this just to save it before you deleted it, if it was late at night I would suspect that the person who typed this gibberish was really drunk.

p1212

wotsthat wrote: »

If I'd never had a mortgage I would've had to rent and be miserable like you.

I'm not persuaded by your ideas of a vague impending turmoil. I've heard it all before. Here's what'll happen...

You'll keep talking your book and you'll keep house hunting. Eventually you'll buy something, kid yourself you've saved money by waiting and you'll slink off never be seen here again.

lol posting on mse forever is some kind of achievment or what?

lol I just don't understand if you are so wealthy, so successfull from your speculation then why are you so angry, why is the need to prove yourself on an online forum and calling others "miserable"?

Actually what will happen is that I keep going on saving much more than my rent, invest in myself in the meantime and if conditions do not improve I GTFO of here and spend the money somewhere else. Thanks for the nice education by the way

While you can try preventing the young from building their houses in the UK and force them to pay for your wealth for a while, the educated ones like me, speaking multiple languages, having good education can just move to somewhere else. I am sure that will help economy and the future of the UK...

MobileSaver

wotsthat wrote: »

Eventually you'll buy something, kid yourself you've saved money by waiting and you'll slink off never be seen here again.

Anyone remember Crashy's mate on here, "Bubble and Squeak"? I think he did exactly that after getting it spectacularly wrong by calling April 2014 as London's peak. :rotfl:

Bubble_and_Squeak wrote: »

i'm calling April as the peak of the london property price bubble. (22-08-2014)

p1212

chucknorris wrote: »

I had to reply to this just to save it before you deleted it, if it was late at night I would suspect that the person who typed this gibberish was really drunk.

In your place I would frame it and put it on your wall and read it every day.

Jack_Johnson_the_acorn

MobileSaver wrote: »

Anyone remember Crashy's mate on here, "Bubble and Squeak"? I think he did exactly that after getting it spectacularly wrong by calling April 2014 as London's peak. :rotfl:

Pretty sure he claimed that reduced asking prices reflected a crashing market as well. This new joker is just as confident it seems. I wonder how long he'llstick around for.:D