On the housing ladder and i cant be more depressed

bobbymotors

Crashy_Time wrote: »

Do you know how much of the ground is actually built on? You do sound angry, I`ll take that as a good sign

Yes, it's very small less than 5% from memory: but it's not that that's the problem.

The roads, railways, sewers, water supply, hospitals, national grid, landfill sites etc can't take much more strain, so it will remain low. You could say 'look at New York, thats 90% built up'....except that 50 miles away there are thousands of square miles of very very little indeed.

Angry? Quite the opposite actually. Very very pleased that there are enough HPC er's like you around to carry on renting from HPB(boomer) er's like me.

I've done marvellously out of it so far since my first house in the late 70's.

How about you? How've you done out of it?

So me, angry? Nope, never. Very pleased in so many ways, yet slightly saddened that you cannot see something so blindingly obvious due to an entrenched view that is so self evidently wrong as to be laughable.

But it keeps me in Sauvignon blanc and a Mercedes so why would I worry?

Crashy_Time

bobbymotors wrote: »

Yes, it's very small less than 5% from memory: but it's not that that's the problem.

The roads, railways, sewers, water supply, hospitals, national grid, landfill sites etc can't take much more strain, so it will remain low. You could say 'look at New York, thats 90% built up'....except that 50 miles away there are thousands of square miles of very very little indeed.

Angry? Quite the opposite actually. Very very pleased that there are enough HPC er's like you around to carry on renting from HPB(boomer) er's like me.

I've done marvellously out of it so far since my first house in the late 70's.

How about you? How've you done out of it?

So me, angry? Nope, never. Very pleased in so many ways, yet slightly saddened that you cannot see something so blindingly obvious due to an entrenched view that is so self evidently wrong as to be laughable.

But it keeps me in Sauvignon blanc and a Mercedes so why would I worry?

If that is all it does then you have basically wasted your time....people get those on benefits nowadays....:rotfl:The problem with people who bought in the 70`s spouting off is that any mug who listens to them now, especially in the S.E, is going to be stuck with a helluva lot of property debt when this all goes South, it has been unsustainable for quite a while, hence all the QE etc. by CB`s, but any spike up in rates is game over, especially for highly leveraged BTL IMO.

bobbymotors

Crashy_Time wrote: »

If that is all it does then you have basically wasted your time....people get those on benefits nowadays....:rotfl:The problem with people who bought in the 70`s spouting off is that any mug who listens to them now, especially in the S.E, is going to be stuck with a helluva lot of property debt when this all goes South, it has been unsustainable for quite a while, hence all the QE etc. by CB`s, but any spike up in rates is game over, especially for highly leveraged BTL IMO.

I refer you to the answer I gave some moments ago. I owned when interest rates were 15%.....and yet within 5 years was in front again. So the historical evidence does rather contradict your view: however it's your view and you're entitled to it, even if 98/100 think differently.

I too have views, but when the evidence shows that they are wrong, my view changes.

Which is why I own property that earns me money 24/7/365 and you don't.

get real crashy.....there will be downturns....there will be harder times...but there will be no crash.

triathlon

Crashy_Time wrote: »

Did you heart skip a beat, someone actually responding to one of your posts........:rotfl:

Yes you got me there Crashy , lest me just throw a few more logs on my fire and count my rent money this week and I will get back to you

Herzlos

Anyone who bought in the 70's will have paid a mortgage off by now; 1979 was 39 years ago. They aren't going to be in any property debt, especially if house worth 4x more than they paid

westernpromise

Crashy_Time wrote: »

Your post count reads the same for the last few years...is it broken? :rotfl: It would be really disturbing I think to see how many posts you have actually made since 1996 Must be in the hundreds of thousands by now?

I have absolutely no idea what you're wibbling on about.

But how's the 130% crash looking?

westernpromise

bobbymotors wrote: »

I refer you to the answer I gave some moments ago. I owned when interest rates were 15%.....and yet within 5 years was in front again. So the historical evidence does rather contradict your view: however it's your view and you're entitled to it, even if 98/100 think differently.

I too have views, but when the evidence shows that they are wrong, my view changes.

Which is why I own property that earns me money 24/7/365 and you don't.

get real crashy.....there will be downturns....there will be harder times...but there will be no crash.

The rentals market is a bit like farming. Farmers aren't really interested in hearing from the sheep.

Herzlos

bobbymotors wrote: »

Look at ANY 10 year period of recent history, and house prices rise...EVERY TIME.

Not always; my house is still worth about 20% less than I paid for it in 2007, and that's after extensive work.

Generally, over any 10 year period house prices will trend up though, but it's not set in stone.

Herzlos

westernpromise wrote: »

The rentals market is a bit like farming. Farmers aren't really interested in hearing from the sheep.

Good farmers are.

But it does reinforce your viewpoint, good to know.

triathlon

bobbymotors wrote: »

Yes, it's very small less than 5% from memory: but it's not that that's the problem.

The roads, railways, sewers, water supply, hospitals, national grid, landfill sites etc can't take much more strain, so it will remain low. You could say 'look at New York, thats 90% built up'....except that 50 miles away there are thousands of square miles of very very little indeed.

Angry? Quite the opposite actually. Very very pleased that there are enough HPC er's like you around to carry on renting from HPB(boomer) er's like me.



I've done marvellously out of it so far since my first house in the late 70's.

How about you? How've you done out of it?

So me, angry? Nope, never. Very pleased in so many ways, yet slightly saddened that you cannot see something so blindingly obvious due to an entrenched view that is so self evidently wrong as to be laughable.

But it keeps me in Sauvignon blanc and a Mercedes so why would I worry?

This is the funniest thing about crashy and his HPC cult, they so often over use over excited emojis as a sign that they have won the argument of predicting the inevitable property crash, and have done so now for over 15 years. I see the victory as being snuggled up to my wood burner in my lovely cosy home in my lovely scenic village as crashy rants away in his little bed sit.