Perma prop bulls, are there any left?

Jack_Johnson_the_acorn

caronoel wrote: »

Very true!

The delusion is strong with our Crashy friends, most of the people who have bought myself included did so as they wanted to secure a stable retirement without the worry of housing costs. The added bonus of HPI, security of tenure, freedom of renovating,works & extensions. Not forgetting that in most cases it's actually cheaper on a monthly basis to buy that to rent.

I think most of what Crash enthusiasts post is what they would like to happen rather what they believe will happen.

padington

The crash phenomenon effects different people. If you own, are happy and don't need to sell, a dip in prices for a few years doesn't mean anything, the mortgage gets paid and you're further to the goal of being mortgage free.

If you're a renter, you hope desperately for the big cahuna to buy in.

The renters don't get this, they see it that because they are so p!ssed at prices rises, owners should be equally p!ssed at price falls. It's not so.

However this big question is, will housing in the uk appear a good purchase now when we look back in 2042 after a 25 yer mortgage?

Hell yeah.

Zxcv_Bnm

padington wrote: »

The renters don't get this, they see it that because they are so p!ssed at prices rises, owners should be equally p!ssed at price falls. It's not so.

In the last 60 years there have been, how many, 5 or 6 when people thought "Wish I hadn't just bought".

Good odds to buy I'd say. Any nominal loss is soon over and you never book it. Loss from not buying is permanent.

Electrum

Lots of trying to change the subject here.

Are these all former perma prop bulls that have thrown in the towel, or just perma prop bull defenders who admit themselves that property cant be permanently in a bull market forever without any dips.

Jack_Johnson_the_acorn

Electrum wrote: »

Lots of trying to change the subject here.

Are these all former perma prop bulls that have thrown in the towel, or just perma prop bull defenders who admit themselves that property cant be permanently in a bull market forever without any dips.

Wow have you taken your tablets today? Prices go up for the majority of the time as everything inflates..... then there are occasional blips along the way

westernpromise

Who has said that property can be a bull market forever? Please stop dodging this and identify someone who thinks this.

Electrum

So now some are saying there really are no perma prop bulls left?

Maybe Hammish is the only one left, but there used to be many. They have all thrown in the towel.

mayonnaise

Electrum wrote: »

So now some are saying there really are no perma prop bulls left?

Maybe Hammish is the only one left, but there used to be many. They have all thrown in the towel.

I just wonder why you need 3 logins (Electrum/AG47/The-Joker) to spout the same old guff over and over again?

michaels

mayonnaise wrote: »

I just wonder why you need 3 logins (Electrum/AG47/The-Joker) to spout the same old guff over and over again?

Pot...kettle?

System

Electrum wrote: »

So now some are saying there really are no perma prop bulls left?

Maybe Hammish is the only one left, but there used to be many. They have all thrown in the towel.

There have never been any, including Hamish.