Actual benefit of rising prices - a bulls view

Windofchange

westernpromise wrote: »

Then stop looking in central London and start looking in Zone 3.

We are! Nice zone 3 admittedly.

Windofchange

I'm happy to be educated. I'm very much of the opinion that prices can only come down from here, and I'm very much of the opinion that that is a good thing. Actually, a flick through right move in my area and the surrounds shows a good number of reductions which you wouldn't have seen a couple of years back.

We shall see I guess.

Windofchange

Joeskeppi wrote: »

How? Did you get given it?

Sorry, might seem a bit rude but in the 2 years you've been posting here all you've done is go an extra £300 in debt but somehow gained a property. Something isn't adding up.

People split up, people die, !!!! happens. You can I'm sure dig back through my posts and pull up stuff. You know the gist anyway - spendthrift, trying to sort myself out. It'll happen. I'm not in the market for a house anytime soon anyway. Make of that what you will, but wanting or needing prices to fall for my personal gain isn't where I'm at. I'm not sure where trying to pull my character apart fits into giving any structured replies to this thread anyway.

wotsthat

Windofchange wrote: »

I'm happy to be educated. I'm very much of the opinion that prices can only come down from here, and I'm very much of the opinion that that is a good thing. Actually, a flick through right move in my area and the surrounds shows a good number of reductions which you wouldn't have seen a couple of years back.

We shall see I guess.

I thought the same in 1993 when my BIL & I passed up the chance to buy a London council flat with a 50% RTB discount. Nearly £50k - they must've thought we were daft!

System

Windofchange wrote: »

People split up, people die, !!!! happens. You can I'm sure dig back through my posts and pull up stuff. You know the gist anyway - spendthrift, trying to sort myself out. It'll happen. I'm not in the market for a house anytime soon anyway. Make of that what you will, but wanting or needing prices to fall for my personal gain isn't where I'm at. I'm not sure where trying to pull my character apart fits into giving any structured replies to this thread anyway.

Yes, probably not a "structured" reply. I guess I've landed where I landed 2 years ago. Someone who has been gifted more wealth than most people can imagine, spunked it all, and then been gifted a house complaining about morals and fairness leaves a nasty taste in my mouth for some reason. Some people just can't have enough I guess.

Windofchange

Joeskeppi wrote: »

Yes, probably not a "structured" reply. I guess I've landed where I landed 2 years ago. Someone who has been gifted more wealth than most people can imagine, spunked it all, and then been gifted a house complaining about morals and fairness leaves a nasty taste in my mouth for some reason. Some people just can't have enough I guess.

But there you go with your assumptions again. I've not been gifted anything my friend.

Because I am benefitting from house price inflation am I not entitled to think that enough is enough, or should I just tow the company line?

My point is that I've had enough! You carry on with your guessing though.

Jack_Johnson_the_acorn

Windofchange wrote: »

I'm happy to be educated. I'm very much of the opinion that prices can only come down from here, and I'm very much of the opinion that that is a good thing. Actually, a flick through right move in my area and the surrounds shows a good number of reductions which you wouldn't have seen a couple of years back.

We shall see I guess.

You posted this in December 2014..... keep the predictions coming. How much have prices risen since you posted this garbage?????

Windofchange wrote: »

This isn't kept afloat by hoards of foreign buyers, this is kept afloat by lax lending that lead to the financial crash of 2008, and will lead to the crash of the next 12 - 24 months .

System

Windofchange wrote: »

But there you go with your assumptions again. I've not been gifted anything my friend.

I'm really confused. Did you use your own money to become a homeowner?

CKhalvashi

HAMISH_MCTAVISH wrote: »

Rising house prices are good for......

-The family members of anyone who will leave an inheritance, or release equity to help their kids onto the ladder when downsizing, etc.

They're not though if the people receiving don't own a home.

Think about it, on a £150k inheritance divided by 3, that's £50k give or take of inheritance, which buys 1/3 of the same house.

At £75k it's £25k of inheritance, which still only buys 1/3 of the house but there's £100k left to pay in this situation, or 2/3.

It may benefit the family in the short term, as in there's more cash available, but in the long term in terms of what it buys you, I disagree that high prices are always good.

Windofchange

Joeskeppi wrote: »

I'm really confused. Did you use your own money to become a homeowner?

I'm not going into every detail of my financial situation on here. You've got the debt stats to smack me round the head with and that is all I'm willing to share. Make of it what you will.

My personal situation has nothing to do with the discussion.