is it a Crashy wind up ?

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Yeah but my mortgage is paid my earnings.... what kind of statement is that? You're currently renting a property that you live in. What is your point exactly.

His point seems to be that he timed his entry and exit from a massive property bubble pretty sweetly? On the other hand you need HPI or you won`t enjoy paying a mortgage in a volatile rates environment?

noddynoo

I work with agents surveyors and solicitors all the time and they are all saying this is the worst slowing in years Volumes always down first rather than prices but it only takes one agent to fear closure to see them nudge a buyer who can drop to do it. Its not a bad thing although I do think if you have over borrowed it will make things tricky if trump goes on an interest hiking spree. At the end of the day I have refurbished a ton of houses and have seen rises and falls but never this sort of stagnation I'm not here for a fight

noddynoo

Jack_Johnson_the_acorn wrote: »

Yeah but my mortgage is paid by my earnings.... what kind of statement is that? You're currently renting a property that you live in. What is your point exactly.

Its exactly that I made such a profit on my last job that it has paid my rent in advance Nothing more nothing less. I didn;t say my mortgage was paid as I haven[t had a mortgage in years

Jack_Johnson_the_acorn

Crashy_Time wrote: »

His point seems to be that he timed his entry and exit from a massive property bubble pretty sweetly? On the other hand you need HPI or you won`t enjoy paying a mortgage in a volatile rates environment?

Can't see my property worth around £150,000 dropping to less than I owe. So I really dont care about current prices. Plus I have over 4.5 yrs on my current fix costing £419 pcm On another post you said I wasn't over leveraged..... make up your mind Crashy. Over £50k joint income with less than £90k remaining on the mortgage. I'm really sorry that you've lost out but some of us are doing rather well. I might care about house the valuation of my property in 30yrs when I potentially come to downsize at 60. Otherwise keep seething with all that green eyed rage.

economic

noddynoo wrote: »

Its exactly that I made such a profit on my last job that it has paid my rent in advance Nothing more nothing less. I didn;t say my mortgage was paid as I haven[t had a mortgage in years

you are taking risks and using your own time with flipping properties. profits used to pay your living expenses.

Jack_Johnson_the_acorn

noddynoo wrote: »

Its exactly that I made such a profit on my last job that it has paid my rent in advance Nothing more nothing less. I didn;t say my mortgage was paid as I haven[t had a mortgage in years

Wow you really don't get it do you. You're paying how much in rent that would otherwise be saved? Plus the increase in property prices since you sold. Not to forget all the associated costs with selling and renting not to mention SDLT when you re-enter the market.

noddynoo

Why do people get so angry about a house price correction As things stand its impossible for people to house their families and young people are consigned to renting or living at home with parents. I am leaving this thread now and wish you all well but find it most odd that someone is so strung out at the though of a price falls that they feel the need to trawl the site looking at another posters situation in order to throw it back at them You need to get out more!

noddynoo

economic wrote: »

you are taking risks and using your own time with flipping properties. profits used to pay your living expenses.

I am not flipping properties think has been miscommunicationI have developed houses for many years I'm OLD

Jack_Johnson_the_acorn

noddynoo wrote: »

Why do people get so angry about a house price correction As things stand its impossible for people to house their families and young people are consigned to renting or living at home with parents. I am leaving this thread now and wish you all well but find it most odd that someone is so strung out at the though of a price falls that they feel the need to trawl the site looking at another posters situation in order to throw it back at them You need to get out more!

Its called the debate forum. If you can't take opposing views re the housing market maybe you should consider staying away from the forum. Best of luck to you. No anger from my end.

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Can't see my property worth around £150,000 dropping to less than I owe. So I really dont care about current prices. Plus I have over 4.5 yrs on my current fix costing £419 pcm On another post you said I wasn't over leveraged..... make up your mind Crashy. Over £50k joint income with less than £90k remaining on the mortgage. I'm really sorry that you've lost out but some of us are doing rather well. I might care about house the valuation of my property in 30yrs when I potentially come to downsize at 60. Otherwise keep seething with all that green eyed rage.

I said less than you paid (borrowed) not what you owe. Actually, if your property is only worth 150k it must be a s*hithole! :rotfl: