House Price Crash Discussion Thread

joathome

have never been evicted lol

evosy1978

pickledpink wrote: »

!!!!!!,

If you care to go back a few posts you will find that have called people morons (including myself) on several occasions! Don't like it, do you?

You are nothing but a sad attention seeker who has nothing better to do than spill your venom on here because you are a loser and have never been successful enough to buy a property. You are jealous of EVERYONE who has their own property, and people like myself, who have equity of over £600k simply makes you wild with rage: that's usually when you call us all morons!:rotfl:

I don't deny that at present property is static and there is a downturn, but it always rises eventually - which is why YOU would love to get your paws on a property you could call YOURS!

As it happens, I couldn't give a toss which way the property goes - I'm not intending on selling, but if I were to if my proprty goes down in value - then so does everyone else's!!!:p

You come across as a spiteful, vindictive man who is eaten up with jealousy at the fact other people are homeowners while you're just a tenant paying DEAD RENT. And don't fool yourself that people find you funny or amusing - you just irritate and people find you irritating and foolish.

You may have 600K in equity but ill take a good guess and say you have no friends to share it with.

neverdespairgirl

pickledpink wrote: »

Why should it bother you or anyone else what other people own?

I couldn't care less what you in particular own. But I do think that inflated house prices are a social ill.

pickledpink wrote: »

I don't have a landlord that I have to toe the line to - I would HATE that.

I don't either. My LL doesn't expect me to "toe the line", just pay the rent. Bit like a mortgage really, the bank would have a similar expectation.

pickledpink wrote: »

I have a sense of achievement in that I own my own home, and most of us DO aspire to being homeowners - that's a fact.

I don't see it as an aspiration. I see it as a decision to make on a sound financial basis. But then, I don't suffer from social or status-based insecurity!

neverdespairgirl

boinging wrote: »

Plus if your so success and great why are you questioning on other threads that a £750 tumble dryer is too expensive and which cheap brands of LCD TV's are good?

To be fair, I think £750 is an awful lot for a tumble dryer, and wouldn't waste my money on an LCD TV, because I don't believe in spending huge amounts of money on "stuff".

pickledpink

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Quote:
Originally Posted by pickledpink

Why should it bother you or anyone else what other people own?

I couldn't care less what you in particular own. But I do think that inflated house prices are a social ill.


Quote:
Originally Posted by pickledpink
I don't have a landlord that I have to toe the line to - I would HATE that.

I don't either. My LL doesn't expect me to "toe the line", just pay the rent. Bit like a mortgage really, the bank would have a similar expectation.






I've never heard of a mortgage company coming round to your home and demanding you keep the furnishings/decor according to how they want it! Or telling you you can't keep pets, or in some instances have guests staying!!

I've never heard of a mortgage company telling you you can't apply for an extension to be built, or a loft/condervatory, a dropped kerb, or knocking though a lounge..............the list is endless!

You only have to read on this site how so many tenants have problems with their landlords 'demanding this, demanding that'.............and then you have the insecurity of never knowing when the landlord may decide to give you notice. And how about the rent increases each annum? At least when you're on a fixed mortgage you know exactly how much you're going to be paying, and with inflation the cost comes down in time -unlike rent which just goes up and up with inflation!

In 20 years when the average mortgage payer is paying almost peanuts in mortgage payments, AND OWNS the property too - a rent payer is paying MORE than them - and doesn't own ONE BRICK of the place!!!

merlinthehappypig

This is pathetic.

Whilst there are some decent and thought provoking discussions on this thread, every so often it degenerates into this name calling and 'mine's bigger than your's' stupidity.

Even some well respected posters have fallen into the trap this time.

Can we call it a day and get back to the discussion in hand?

Personally, I won't be posting again on this thread until we see a return to serious discussion and tolerance of other people's viewpoints.

jamescredmond

pickledpink wrote: »

You're all just jealous. It seems to be the same set of losers who post on here night and day wishing on a price crash, cos other people's properties make you feel pig sick.

BTW, I DO have 600K in equity - who said it was all in one property you sad bunch of losers?!:rotfl:

And as for you !!!!!!, when I've got as much time on my hands as YOU clearly have I'll find the psost where you insult people and call them morons. Moron!:p

you're all just jealous..................

and I'm a loser..............

for the record, my portfolio exceeds £600k. with the impending reversal I stand to 'lose' more than you (on paper, at least).

so I guess you're right. I am a loser, of sorts.

I'm pig-sick as well.

pig-sick of abusive posts derived from an unhealthy mix of personal insecurity and paranoia.

calm down, then revisit all your posts on this thread and you'll see what I mean.

neverdespairgirl

pickledpink wrote: »

I've never heard of a mortgage company coming round to your home and demanding you keep the furnishings/decor according to how they want it! Or telling you you can't keep pets, or in some instances have guests staying!!

None of htat has happened to us. A landlord can't tell you not to have a guest staying, anyway.

dudleyboy

I must say, I'm often bemused by the whole "renting is dead money" arguement.

I don't begrudge paying the gas and electricity companies for the energy I use.
I don't begrudge paying the supermarket for the food that I eat.
I don't begrudge paying the petrol station for the fuel I put in my car.
And while I don't own the home in which I live, I don't begrudge paying the owner for permitting me to live there.

I do, however, begrudge the government slashing interest rates during a time of escalating inflation and doing their very best to maintain the housing bubble in an effort to prevent the complete collapse of the UK economy and financial system. Amazing to think that the man who now runs the country used to count its beans. I hold him personally responsible for this dire situation we all face, for encouraging the country to believe that they were wealthier than they are and for creating a problem that it was his job to prevent.

The truth is, at any point over the past 7 years my partner and I COULD have taken out a mortgage, COULD have got on the property ladder and COULD now be "home owners". The fact is we CHOSE not to.

Why? Quite simply, we were not prepared to take out a 100% or a 125% mortgage. Instead we CHOSE to save up a deposit. We were not prepared to take out a mortgage that was 6 times our income. Instead we CHOSE to wait until the housing pyramid scheme collapsed, the government intervened or until we had saved up enough of a deposit. We were not prepared to face the possibility of being in negative equity when the housing bubble burst (at the age of 30 I'm old enough to remember the crisis of the 1990s) and we were not prepared to buy into the borrowed wealth lifestyle of the nation in an effort to not feel like second class citizens for not being on the property ladder. Instead, we CHOSE to hold on, wait and do what was right for US. And I'm pleased we did.

Over the past 5 years we have put all our spare money into repaying our student debts (both undergrad and post-grad) and we're now in a position to start pumping the same amounts into our deposit. Sure, we've gone without but I have to say how glad we are that we were able to repay them during a period of such cheap (0%) and easily available credit! Repaying £1000s on continuous 0% deals certainly helped us improve our financial position. I'm so glad we don't have them now in this current economic and financial climate! (Ooh, I almost felt like I was gloating then... is that what it's felt like to be a home owner over the past 7 years?)

And I also have to say, it's frustrating that despite mass inflation (house prices being the greatest!) the government is actually CUTTING interest rates! I understand and appreciate why but, again, it's to solve a problem that is of their own doing. As my parents always said, prevention is better than cure...

So I guess we'll just have to continue to save up that deposit the good old fashioned way. Even if the interest rates aren't going to be in our favour, by the time we've saved up our 10% we will already have made a killing... because with house prices destined to crash, it'll be a lot easier to save 10% of £90,000 than 10% of £180,000... and make no mistake, my rent is a lot less than most people's mortgage repayments. I can't say I'm feeling any pinch at the moment.

Irrespective of what optimistic stakeholders may say, prices are going to fall and sharply. All of those boasting about the equity in their properties, be sure to come back and let us know how much it is after the crash.

The next decade is going to be a pretty bleak one for all of us (especially when compared to the previous one) but at least people might start coming to their senses once again.

tomstickland

Can anyone be bothered to sift through old posts and find those where anyone suggesting prices could drop were cast off as idiots? I remember a lot of that happening about a year ago. It's amazing how quickly opinions change.

People kept saying "supply and demand, UK is a small island, population is increasing." What they forgot about was supply of money.