HPC are having a mass breakdown

caronoel

Crashy_Time wrote: »

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

For an aging single man renting a bedsit in Scotland, you have a real knack for rooting out obscure and poorly written articles on the property market.

westernpromise

Who cares about asking prices?

Someone I know of inherited a house in 2015 and delusionally imagined it was worth £1.85 million. It went a year later for £1.45 million, which is what it was worth all along. The reduction in asking price of 22% is completely bogus.

buggy_boy

Crashy_Time wrote: »

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

Yet a short time later and not 2 months old the same paper reports.... https://www.thesun.co.uk/money/5608749/house-price-average-pushed-above-300000-as-record-numbers-look-to-move/

Grasping at straws comes to mind.

lisyloo

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

Not sure where you figures come from but a lot of women raising families perhaps working as teaching assistants, dinner ladies or supermarkets don!!!8217;t earn anywhere near that.
Where are you getting your figures from for incomes?
One have average weekly pay at £512 per weak which is < £27k and that would be full time.
Can you say where your figures are from?

triathlon

Crashy_Time wrote: »

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

Oh for goodness sake, what has this got to do with the price of fish:)

OK, for starters these are not your usual homes, secondly I bet 1/3 have always reduced slightly after putting in too higher asking price, and thirdly this guy is probably going to make the same mistake the HPC losers make and find out his gamble with what he thinks will be a pessimistic future will never happen and he will be out of the property game for life to then go crying to HPC,com and complain about how unfair the world is because he cannot live with his bad call.

GreatApe

lisyloo wrote: »

Not sure where you figures come from but a lot of women raising families perhaps working as teaching assistants, dinner ladies or supermarkets don!!!8217;t earn anywhere near that.
Where are you getting your figures from for incomes?
One have average weekly pay at £512 per weak which is < £27k and that would be full time.
Can you say where your figures are from?

I did say full time earnings.
Median full time earnings for a couple in the 30-39 age group is £60,882
I am unsure if it takes into account salary sacrifice or pension contributions etc which if it doesn't means the actual earnings figures are even higher. Also I am fairly sure it doesn't take into account earnings through companies or dividend payments which again would mean the real figure is higher still

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/annualsurveyofhoursandearnings/2017provisionaland2016revisedresults


And of course about £600 billion annually is received in non earnt income eg dividends land property IP that £600 billion also goes into the hands of people. Sure it is concentrates towards the top 1/3rd but it exists so affordability should not ignore the existence of this £600 billion outside of wage earnings

caronoel

buggy_boy wrote: »

Yet a short time later and not 2 months old the same paper reports.... https://www.thesun.co.uk/money/5608749/house-price-average-pushed-above-300000-as-record-numbers-look-to-move/

Grasping at straws comes to mind.

DO NOT feed the troll. That way madness lies,

triathlon

Can anyone else remember the premise of HPC.com over 15 years ago.. It was quite simple. Millions were withdrawing so much equity from already high house prices that they just had to crash at some point.

It is just so funny all these years later they are still sticking in there with 1000 plus other ideas on why it will now happen, they have given up on the MEW argument years ago along with a credit crunch.

westernpromise

This is my favourite recent HPC post:

fru-gal wrote:

The elite don't even need a war. All they need to do is make having a family completely unaffordable to most people. In the west this is already happening.

Yes, the "elite" want to reduce the population either by killing them outright or - the fiends - making houses too expensive, which is exactly the same as genocide. Of course it is.

Sibley

The worst thing HPC ever did was to ban all the Bulls.
Really it was the kiss of death. An interesting site needs a mix of people and views.
I've seen it on Facebook with all these groups. An elitist admin team delete everyone who disagrees with the group message. You end up with a small membership of people all agreeing with everyone. The end.

There were some serious issues in the housing market when HPC gang were in full swing. I was even thinking prices were going to crash. Thing was, the MP's and people in power had invested in property. They were never going to lose their dough all the time they could change the rules. Once they did that, any chance of a HPC was over.

I liked the site but I had insider trading. One of the admins worked with me at the airport. He was a proper knob. Always leaving any newspaper with crash headlines laying on the coffee table strategically placed so he could dominate the tea break conversations.

The problem was. He actually had no money. No deposit or anything. He used to post all this crap like Bruce Spanner about how much he was saving and renting is great.
In reality. He needed prices to crash 60% or more just to afford a place. Not saying that is good just a fact.

I used to be in a holiday group/forum that was mega popular on the internet. Loads of members and super active.
Facebook has totally killed it. There are about 50 members now who are asked to donate to keep it going. HPC will end up same way I guess.