Wise words for the HPC fans...

chucknorris

Jack_Johnson_the_acorn wrote: »

Although he's got a ton of cash :rotfl: he has no intention of buying property. Yet he spends 5x as much time as me posting on this site and I own a property :eek:

In fact he's posted 500% more than me in 1/2 the time. So 10x as much time as me on here........ He's obsessed.

He's gone down that same route with me too, going on about how I am always on here (which couldn't be further from the truth), but when I pointed out to him that he posts much more often than I do, I never heard that again from him (If you are reading this Crashy, feel free to bring it up).

The funny thing was though that he was also saying things like 'if you had all the assets you claim to have, why would you be on this website?'. What I found strange about that was that it was implying that he is only on here because he hasn't got enough money to do what he would prefer to be doing. For me this website is just a bit of fun that fills the gaps between the real things that I like to do, it is nothing more than that. What I actually like doing hasn't changed from when I had nothing. My most precious possession is my dog, although I obviously don't think of him as a 'possession' (he is family).

GreatApe

Arklight wrote: »

The denizens of the forum hpc.co.uk may be figures of fun to some of the posters on this forum, but they exist because the basic right of stable, affordable housing is denied to millions in the UK.


The Count may never have had the chance to buy. There are many people on mid to low incomes or even with special educational needs, who can't save a deposit. Those who pay high rents can't.


Most of the people I know who got on the ladder did so with BOMAD help.

If it is so hard so difficult so impossible why is it that only 14% of UK born people rent privately?

And of those 14%, close to 80% of them buy (or move into social) in 10 or fewer years

Less than 3% of UK born people rent privately long term (more than 10 years)

And even some of those 3% are people like owners who also rent like a friend of mine who owns in the Midlands but rents a zone 1 flat in London

There is no problem there is no housing crisis just a bunch of media folk with media studies degrees from Luton copying and pasting each other opinions on house prices.

economic

GreatApe wrote: »

There is no problem there is no housing crisis just a bunch of media folk with media studies degrees from Luton copying and pasting each other opinions on house prices.

this is so funny yet so true.

westernpromise

I've made 3,200 posts in 14 years which is 0.63 posts a day; Crashy has made something like 5,300 in 4 years which is 3.63 posts a day, or 5x the rate, roughly.

But that's not the biggest difference. The biggest difference is that all Crashy's posts say the same thing.

What's he called on HPC? They must love him over there - almost as wrong for almost as long as all the rest of them...

System

westernpromise wrote: »

I've made 3,200 posts in 14 years which is 0.63 posts a day; Crashy has made something like 5,300 in 4 years which is 3.63 posts a day, or 5x the rate, roughly.

But that's not the biggest difference. The biggest difference is that all Crashy's posts say the same thing.

What's he called on HPC? They must love him over there - almost as wrong for almost as long as all the rest of them...

dances with sheeple

No irony.

westernpromise

GreatApe wrote: »

If it is so hard so difficult so impossible why is it that only 14% of UK born people rent privately?

And of those 14%, close to 80% of them buy (or move into social) in 10 or fewer years

Less than 3% of UK born people rent privately long term (more than 10 years)

And even some of those 3% are people like owners who also rent like a friend of mine who owns in the Midlands but rents a zone 1 flat in London

There is no problem there is no housing crisis just a bunch of media folk with media studies degrees from Luton copying and pasting each other opinions on house prices.

If the voters are stupid enough to elect Labour governments, they should expect to be impoverished, in the same way that if you drink a pint of oil, you should expect to be sick.

That's the thing about Labour, you never know what they'll completely wreck next - it's always something you had no idea could be wrecked. Education, the car industry, manufacturing generally, Iraq, pensions, the property market - all wrecked by Labour governments out of a clear blue sky. Who knew they were going to wreck the last two in 1997 or that it was even possible to do so?

This poster, which Labour squealed and screeched about at the time, was wholly accurate:
http://i.dailymail.co.uk/i/pix/2015/06/09/16/2593343500000578-3116947-Inspiration_The_team_was_named_after_this_poster_of_Tony_Blair_p-a-66_1433863697311.jpg

GreatApe

I think the next cycle of hope for the hpc cheerleaders is going to be politics
The government is not much better than the media the government also believes in the 'housing crisis'
The next cycle which could well be a labor government could see the introduction of rent controls especially in London. That would definitely harm landlords incomes. I not quite sure what would happen to prices

Landlords would in theory exit the market. However this depends on how prices react. If rents were capped at half and prices fell in half then there is no incentive to sell and no disincentive to buy. More likely if rents were capped at half prices might fall 20% in which case there would be a slow exit from the private rental market by landlords.

There would of course be economic harm done to London but that is neither here nor there for saddiq khan. If anything its probably a mild aim for the mayor & corbyn crew. I know I would evict the tenants in my largest property and move back in myself. The current incentive to live outside of London (rent arbitrage) would be gone so I would move back. So 6 tenants who work in London would be displaced by 1 person who doesn't need to be in zone 2 London. Of course they wouldn't actually be displaced out of London instead they will be displaced into the newly formed London rental black market. The market that ignores the majors caps in one way or another.

Likewise with a rent cap most landlords would seek to offer their rentals to couples not sharers. Properties that house 4-5 tenants will become properties that house 2 tenants. Again creating more of a black market.

I'm not sure how all that will play out.
It's one thing that is in my mind
Will rent caps come in for London
And if so does it make sense to sell before they do come in

westernpromise

There is indeed a good chance that the rentals market will be the next thing Labour wrecks. After all, when you've wrecked everything else, what do you wreck next?

GreatApe

The level of confirmation bias over there is unbelievable

. conservatives are not stupid.

its pretty simple, they have to crash house prices. they know that’s what the young need and want. Nothing else will do it.

Currently without a drastic course of direction they risk being unelectable for a generation. but they will have to stab the boomers in the back to prevent that.

the budget will be very telling. Anything short of ‘we will bring house prices down’ and they mess up. Of course they will mess up. they will become an unelectable party. they will loose the next election.

they will then have their own transformative movement to rid them of the evil neoliberals.

drastic policies are needed. Building on green fields is good. But too little to late. the damage has been done and continues to be done. They need to reverse said damage much faster than they could ever build houses.

they need to actually do the unthinkable and actually attack the boomers full force, forget their votes. confiscate their gains one way or another. they won’t ofcourse.

too many in the party would rather keep the housing gravy train running to the very last second, it’s not about politics for many, it’s self presivation, greed.

unless we see absolutely massive changes on the 22nd they conservatives are toast. done. Erelivent as a political force. the country handed on a plate to labour for better or worse.

a but you know. if your a BTL in a position of power. then sod everyone else. drag the mess out a few more years with ineffective policy. same as doing nothing.

the world is changing.
Its going to be very very nasty indeed when the ******ed over generation take control.

verging on deluded paranoia

An honest summary would be 'I can't afford a house !!!! the people who bought before me if houses don't crash 75% and dam soon all of civil society will crash and burn'

Someone needs to tell those clowns only 3% of UK born privately rent long term. They were they are and they always will be an irrelevant minority. I used to feel sorry for them but their anger and bile and extreme confirmation bias is turning me off.

economic

GreatApe wrote: »

I think the next cycle of hope for the hpc cheerleaders is going to be politics
The government is not much better than the media the government also believes in the 'housing crisis'
The next cycle which could well be a labor government could see the introduction of rent controls especially in London. That would definitely harm landlords incomes. I not quite sure what would happen to prices

Landlords would in theory exit the market. However this depends on how prices react. If rents were capped at half and prices fell in half then there is no incentive to sell and no disincentive to buy. More likely if rents were capped at half prices might fall 20% in which case there would be a slow exit from the private rental market by landlords.

There would of course be economic harm done to London but that is neither here nor there for saddiq khan. If anything its probably a mild aim for the mayor & corbyn crew. I know I would evict the tenants in my largest property and move back in myself. The current incentive to live outside of London (rent arbitrage) would be gone so I would move back. So 6 tenants who work in London would be displaced by 1 person who doesn't need to be in zone 2 London. Of course they wouldn't actually be displaced out of London instead they will be displaced into the newly formed London rental black market. The market that ignores the majors caps in one way or another.

Likewise with a rent cap most landlords would seek to offer their rentals to couples not sharers. Properties that house 4-5 tenants will become properties that house 2 tenants. Again creating more of a black market.

I'm not sure how all that will play out.
It's one thing that is in my mind
Will rent caps come in for London
And if so does it make sense to sell before they do come in

the time to sell london property was last year before brexit. not because i think brexit will caused prices to fall (they wont) but because the pound has fallen and we haven't seen any material rise in london property. that along with taxes on rent and potential future labour government make owning london property for investment not good from an opportunity perspective (better investments out there). i dont think there is a certainly that property prices in real and nominal terms will be higher in 10 years then today. anything can happen specially when politics is involved.

of course it still may make sense if you dont see the income from property fall that much and is part of a diverfied portfolio, but many including myself have a huge chunk of net worth in my own home which is tax efficient (although that could very well change too) so doesnt really make sense to own another (especially when eventually i will inherit a few properties myself - so i have a contingent property exposure if you like).