How much can house prices keep rising ?

ukcarper

Crashy_Time wrote: »

I wasn`t aware of HPC 15 years ago, and had no interest in property prices, or being on the internet much, 15 years ago. Sounds like you were active spouting your dribble even back then? :rotfl:

You keep telling us different stories so why don't you clean up any confusion. When did you decide not to buy and rent instead because you felt house prices were to high.

Crashy_Time

ukcarper wrote: »

You keep telling us different stories so why don't you clean up any confusion. When did you decide not to buy and rent instead because you felt house prices were to high.

I never made a decision based on house prices, I was already renting before it became obvious that a massive property bubble had appeared on the horizon. The fun started when it became obvious that a LOT of very greedy and mis-informed people had actually bought into the idea that the bankers were going to make them rich in perpetuity through property, and that there were internet forums where you could laugh at and mock these people!



:T

Crashy_Time

And BTW I never once said I had any connection with the HPC forum 15 years ago, that is just the group think on here growing legs as posters try to sustain the little narrative that runs through their heads.....

ukcarper

Crashy_Time wrote: »

I never made a decision based on house prices, I was already renting before it became obvious that a massive property bubble had appeared on the horizon. The fun started when it became obvious that a LOT of very greedy and mis-informed people had actually bought into the idea that the bankers were going to make them rich in perpetuity through property, and that there were internet forums where you could laugh at and mock these people!



:T

When was it that you thought it was obvious that a property bubble had appeared.

Jack_Johnson_the_acorn

ukcarper wrote: »

When was it that you thought it was obvious that a property bubble had appeared.

You'll never get an answer about his BCR, or personal info because the truth would destroy his mind. He's been calling people stupid for buying for god knows how many yr's.

But his decisions have cost him dearly financially and god knows what else, to admit to that after spouting rubbish on here and elsewhere for years would drive him round the bend and into a psych ward.

Hence why he tells anyone and everyone that if they are thinking about buying or have bought "you are a stupid, debt junkie, pyramid scheme loving, sheeple."

The mans lost it.

chucknorris

Crashy_Time wrote: »

I never made a decision based on house prices, I was already renting before it became obvious that a massive property bubble had appeared on the horizon. The fun started when it became obvious that a LOT of very greedy and mis-informed people had actually bought into the idea that the bankers were going to make them rich in perpetuity through property, and that there were internet forums where you could laugh at and mock these people!

:T

It is fair enough to say that you never made a decision based upon house prices, i.e. that you may have sold to move to a different region, and that you may not have bought back into the market again because you didn't know how long that you were going to be there. I completely get that, it is clearly understandable.

But to then say that the fun started when you could laugh at and mock people who bought, doesn't quite fit does it? You open the door to people mocking you, despite the fact you didn't make decisions based upon house prices, it was nevertheless a huge financial blunder, to not buy back into the market, have you never asked yourself whether you should have made decisions based upon house prices? I can't think of a better example of completely getting it wrong than you, maybe Jonathan Davies foolishness just about tops yours, because he is a financial adviser, but it is a close call.

It appears to me that you sold in the mid to late 90's, about 96? which is just about the worst time to have sold, just when the market had recovered, and was about to take off.

chucknorris

AFF8879 wrote: »

Interested to hear this story, any links?

He's from HPC and I never had an active account over there, there will be a few on here who could give a much better account than me, if nobody does, I'll have a go describing what he did.

Does anyone know the Jonathan Davies story? If so, please do tell.

caronoel

chucknorris wrote: »

Does anyone know the Jonathan Davies story? If so, please do tell.

Another stopped clock who supposedly accurately predicted the price crash of 2008, buy has also been calling a crash every year since then!

You occasionally hear him ranting and roaring on some of the low end talk radio shows: his predictions are always good for a giggle

chucknorris

caronoel wrote: »

Another stopped clock who supposedly accurately predicted the price crash of 2008, buy has also been calling a crash every year since then!

You occasionally hear him ranting and roaring on some of the low end talk radio shows: his predictions are always good for a giggle

I think that he actually predicted it around 2003, and 'sold to rent' then too. So even though he eventually got his crash, years later in 2007/8, prices wouldn't have fallen enough for him.

Out,_Vile_Jelly

I bought my (very ordinary two bed) house in South London just over three years ago. I bought it to live in and enjoy the garden, not as an amazingly shrewd financial move. I remortgaged two years ago, when its value had gone up over 40%. Currently it stands at an increase of 66%. I find this ridiculous, but am siezing the opportunity to repay as much as I can while the LTV gives rates in my favour. I overpay by £500 a month; my boyfriend is overpaying by £900 per month on his mortgage.

The internet makes the not-so-bright think that extremes are normal. Those on HPC obsessively scouring Rightmove for evidence of "crashing shires" are not normal; neither are those who start endless threads about how their purchase in Wood Green makes them a financial genius. The vast majority of people in this country live between these polar positions.