Something fishy

kates08

"Only three kinds of people want housing to be priced at decades worth of debt for the average person, bankers (based on greed), those who bought a long time ago (greed and fear of "loss") and people who can`t think very deeply (just not very bright)"

And the people who have moved/bought recently and will be in negative equity if there is a crash. Perhaps you're classing them as the "not very bright", but i'd rather live my life the way I want than sit around waiting for 20 years to see if there is a crash. A house isn't just an investment to everyone you know, it's a home too. What I'm objecting to is the comments you make that seem to be delighting in the thought of homeowners not being able to pay their mortgage and losing their homes. I'm not sitting here gleeful at the thought of all the people who can't get on the housing ladder at the moment, I'm not that cruel.

AnotherJoe

Gwendo40 wrote: »

Not much difference with those who delight in rampant, policy driven, house price inflation despite it bringing misery and stress to millions of non-homeowners.

You have confused people stating what the situation is with them wanting a situation to be like that.

AdrianC

kates08 wrote: »

...but i'd rather live my life the way I want than sit around waiting for 20 years to see if there is a crash.

And that, of course, is Crashy's issue. AIUI, he sold his house in the expectation of an imminent crash.

Decades ago.

He's still waiting.

kates08

You have confused people stating what the situation is with them wanting a situation to be like that.
Not the first time you've been confused.

Thanks for that AnotherJoe, You have confused me talking about specific posts from Crashy where he has indeed stated that is what he wants with me talking about the general conversation. Not the first time you've been confused.

Crashy_Time

kates08 wrote: »

"Only three kinds of people want housing to be priced at decades worth of debt for the average person, bankers (based on greed), those who bought a long time ago (greed and fear of "loss") and people who can`t think very deeply (just not very bright)"

And the people who have moved/bought recently and will be in negative equity if there is a crash. Perhaps you're classing them as the "not very bright", but i'd rather live my life the way I want than sit around waiting for 20 years to see if there is a crash. A house isn't just an investment to everyone you know, it's a home too. What I'm objecting to is the comments you make that seem to be delighting in the thought of homeowners not being able to pay their mortgage and losing their homes. I'm not sitting here gleeful at the thought of all the people who can't get on the housing ladder at the moment, I'm not that cruel.

Two points; 1) It isn`t a housing "Ladder" any more, it is a bubble waiting to pop, only still here because of MASSIVE central bank intervention - Rate cuts, QE, HTB etc. 2) If you believe that I have been waiting 20 years for a crash you are very misguided, and reading too much nonsense from the posters who will just say anything to avoid facing up to the fact that their asset is going to lose a lot of value.

Crashy_Time

AdrianC wrote: »

And that, of course, is Crashy's issue. AIUI, he sold his house in the expectation of an imminent crash.

Decades ago.

He's still waiting.

You realise that most people reading know that you don`t know this and are just making it up....don`t you?

kates08

Crashy, whatever your life plan is I hope it works out for you, I wish you the best. I'm only asking that you remember that there are real people in real homes (not assets, homes) whose lives will be ruined if what you're gleefully predicting ever happens. You can put your argument across and while being sensitive to that at the same time.

Crashy_Time

kates08 wrote: »

Crashy, whatever your life plan is I hope it works out for you, I wish you the best. I'm only asking that you remember that there are real people in real homes (not assets, homes) whose lives will be ruined if what you're gleefully predicting ever happens. You can put your argument across and while being sensitive to that at the same time.

I doubt that their lives will be actually "ruined", depends on their belief system of course, but in the UK, even with the economic mess that we are in, they won`t go hungry or without shelter, or without a big telly to sit in front of, they will just be even deeper in debt and worth less than they hoped. I have long said that anyone not taking advantage of super low rates to pay down any debt that they have is asking for trouble, and that is about as sensitive as I can get on this topic I`m afraid

AnotherJoe

kates08 wrote: »

Thanks for that AnotherJoe, You have confused me talking about specific posts from Crashy where he has indeed stated that is what he wants with me talking about the general conversation. Not the first time you've been confused.

Sorry kate i shoudl have quoted the previous poster i was replying to i think you posted in between. I'll edit it.

Gwendo40

kates08 wrote: »

Thanks for that AnotherJoe, You have confused me talking about specific posts from Crashy where he has indeed stated that is what he wants with me talking about the general conversation. Not the first time you've been confused.

No confusion at all here from me with regards to the point that I was making, it's quite simple if you take the emotion out of it.

There is no difference between those wanting a fall in house prices despite the misery it may cause some home owners... and those wanting house prices to remain propped up at artificially high levels despite the misery it may cause some none home owners.