HPC are having a mass breakdown

Out,_Vile_Jelly

GreatApe wrote: »

They correctly point out that a woman value falls with age but they incorrectly say that a man's value increases with age. A mans value also falls with age there are the rare men who achieve exceptional things who may have gained in status or power or money but for the other 99% of men their value also falls with age.

Yes, but normal people don't view others as livestock and plot their depreciation on a spreadsheet.

phillw

mubeye wrote: »

You are taking aim at the more vocal extremists, but also hitting a lot of decent people who are simply desperate for hope, and a silver lining. It's misfortune and bad luck, for most part, that 'most' renters don't have income, investment knowledge, life stability, or family assistance, to buy.

I'm not sure why someone who is not in any position to buy, would waste time pondering on when the right time to buy is?

The only point I can see in the house price crash forums is for people who could buy a house, to encourage each other to not buy a house.

PokerPlayer111

GreatApe wrote: »

I want to say they are crazy and stupid but IMO the majority on that site simply can't afford to buy a house and are venting about it without realising the problem isn't that houses are too expensive but that they earn/save too little.

They are also fed misinformation which keeps them from realising the truth.
Of course house prices look expensive if you are fed the notion that the average man earns £26k and should be able to buy for 3 times his income. The reality though is the average man earns £35k and couples up with the average woman earning £30k and they both receive a portion of the annual £200 billion given in gifts and inheritences. With that information house prices kook cheap and they are cheap in most the country so cheap that a mortgage in some instances costs half that of social rents

Even if true i would put to you its not necessarily a good move for a decent % of young people to trap themself in a mortgage to buy house. I know so many people this way trapped, over worked, wife, kids. They dont have time or flexibility to adapt if needed.

It might be best thing you can do if you cant escape a working class job (or dont want to), its worth considering options though is my point.

I know 5 years ago i nearly stuck everything i had saved (20k at the time) into a help to buy pile of crap instead i stuck with renting and got to work and flipped the 20k into to much more. I also was able to move quickly during that time for better economic opportunities. I'm better off today for not buying by far even though i've ditch probably 100k in rent. I think its good to buy a house as a financial hedge, thats it though.

westernpromise

PokerPlayer111 wrote: »

I know 5 years ago i nearly stuck everything i had saved (20k at the time) into a help to buy pile of crap instead i stuck with renting and got to work and flipped the 20k into to much more. I also was able to move quickly during that time for better economic opportunities. I'm better off today for not buying by far even though i've ditch probably 100k in rent.

Are you sure about that? If you had put your £20k down on a house 5 years ago and borrowed another £180k, your house would now be worth £300k in most parts of the country and you'd have paid off 15% of the mortgage in that time. You'd thus owe £154k on a £300k property which means your £20k has turned into £147k.

Achieving this has meant paying a mortgage of £853 a month for 5 years, which is £51k. I don't know where you're living to pay £100k in rent over the same period but the £200k house would have cost probably £40k to rent over the period.

PokerPlayer111

westernpromise wrote: »

Are you sure about that? If you had put your £20k down on a house 5 years ago and borrowed another £180k, your house would now be worth £300k in most parts of the country and you'd have paid off 15% of the mortgage in that time. You'd thus owe £154k on a £300k property which means your £20k has turned into £147k.

Achieving this has meant paying a mortgage of £853 a month for 5 years, which is £51k. I don't know where you're living to pay £100k in rent over the same period but the £200k house would have cost probably £40k to rent over the period.

100k rent is probably what i've spent total over my life dont know exact, its pretty high though. Last 5 years maybe 40k?

But yeah i got to work on the 20k and turned it into more than the 147k figure. I am shopping for a house right now, but my views are the same, its just a hedge. There is a case for not buying, for a young person even more so.

GreatApe

Out,_Vile_Jelly wrote: »

Yes, but normal people don't view others as livestock and plot their depreciation on a spreadsheet.

You don't need a spreadsheet or a calculator everyone knows it intuitively

And I don't just mean sexual attraction almost everything declines with age. Memory health IQ speed strength.

mubeye

caronoel wrote: »

They really are a bunch of women hating malcontents over there.

Today's misogynistic spew includes the usual attack on the women of mumsnet.

However, my favourite thread is this one:
http://www.housepricecrash.co.uk/forum/index.php?/topic/147969-deluded-old-scrapper-birds-on-dating-sites/&

Almost 600 pages of raw hatred against women.

Still, if they are all like CrashyTime... mid-50s, single man, living in a bedsit there is a good reason why they would hate women so much.

This thread was siphoned off in a regime-supported rebellion to dosbods.co.uk last year (initialism of the above thread title.....) due to mods clamping down on it. Evidence there is some attempt to moderate the main forum.

It must be very frustrating and isolating to not afford a house, and very stressful too. Not that I condone the misogyny, but if the world grants status by property, then the excluded ones (often by time of birth) are going to be angry and messed up it's not all that strange really.

I think basic income is coming.... But property won't be fixed unless there is a war or something. But it is broken.

GreatApe

mubeye wrote: »

This thread was siphoned off in a regime-supported rebellion to dosbods.co.uk last year (initialism of the above thread title.....) due to mods clamping down on it. Evidence there is some attempt to moderate the main forum.

It must be very frustrating and isolating to not afford a house, and very stressful too. Not that I condone the misogyny, but if the world grants status by property, then the excluded ones (often by time of birth) are going to be angry and messed up it's not all that strange really.

I think basic income is coming.... But property won't be fixed unless there is a war or something. But it is broken.

We have a basic income its called benefits and state pensions

PokerPlayer111

ilovehouses wrote: »

That's a 50% compounded annual return (post-tax) for 5 years. Nice work.

Not sure why you want to buy a house at all when the opportunity cost is so high.

Cheers. Figure i better hedge - thats the plan, not 100% if its good idea. Im not like super great at this just avoided housing cause it seemed messed up and got busy. Still seems messed up to me but hey, i do get no rent if i buy that is a bonus and a different asset.

Crashy_Time

https://www.thesun.co.uk/money/5282487/sellers-price-family-homes-brexit-property-crash/