HPC Escapee Reports Back 10 Years Later

John-K_3

Arklight wrote: »

Don't dare to question your place in the world, ask why many of the wealthiest people in the nation don't appear to have done anything that looks like a day's work in their life, and don't ever think that having a home may be obtained with anything other than 8 decades of compliance.

It’s interesting, the only people telling me to know my place were left-leaning politically, such as the teacher who told me not to apply to Oxford, as it was not for comprehensive kids.

You get this a lot on the left, and if you dare to do what I did, or many of my friends did, and break out, then it is the left who get most annoyed.

I know a fair few very wealthy people nowadays, and most have worked for it. They started a company, or chose a difficult but worthwhile degree, and then spent the subsequent decades putting in the hours, and the planning, to do well.

The only reason you and I have done differently in life is the choices that we have made.

chucknorris

lisyloo wrote: »

This may be how it appears, however many people who've done well for themselves (chucknorris) as an example, worked their nuts off in earlier years to acheive what they have. This is called investing in your future.
What may appear to some, is not the full truth.

Thanks Lisa, that is true, to be honest I misjudged my financial situation (I can be very bearish sometimes and play safe) and I worked far too hard, for too long. But that is in the past, I am reaping the benefits now.

But there was a day about April 2002 when I was cycling into work, and I suddenly stopped in Battersea Park, and I realised that I just couldn't do it any more, so I called in sick. The next day I went into work and told them that I just couldn't keep doing what I had been doing any longer, otherwise I was going to have a breakdown. It really shocked me because (stupidly) I had thought I was immune from stress and could just about do anything. But there were no lasting issues, and I wound down my workload, they needed me, so I was allowed to drop down to working 3 days a week for a few months then I retired from my main job, at the time, shortly afterwards. I didn't start working again until 10 years later as a lecturer, but only after I had sold a business, which freed up a lot of time. Right now I am 60, and only working one day a week, I'll probably do that for a very long time (because I like it).

HPC_Ghuol_Hunter

John-K wrote: »

It’s interesting, the only people telling me to know my place were left-leaning politically, such as the teacher who told me not to apply to Oxford, as it was not for comprehensive kids.

You get this a lot on the left, and if you dare to do what I did, or many of my friends did, and break out, then it is the left who get most annoyed.

I know a fair few very wealthy people nowadays, and most have worked for it. They started a company, or chose a difficult but worthwhile degree, and then spent the subsequent decades putting in the hours, and the planning, to do well.

The only reason you and I have done differently in life is the choices that we have made.

I belive that you are being slightly modest here, as you have actually made more of your life through not just your individual choices and also your own hard work. Choices will only take an individual so far.

chucknorris

Arklight wrote: »

many of the wealthiest people in the nation don't appear to have done anything that looks like a day's work in their life

Really? What is the longest day that you have worked? I have worked a few times through the night (after a day's work) and also some of the next day. My longest was from about 8.30 am Thursday morning (I can't actually remember) until 6 pm Friday evening. I wasn't paid any extra for it, although in reality my commitment was noted, and was why they paid me a comparative high salary (so in fact, I was, but probably not in a way that you would fully understand).

That is the problem with generalising, like that, it ends up being meaningless.

buggy_boy

Crashy_Time wrote: »

The majority on here are leveraged up to the eyeballs, they really don`t want interest rate hikes. It is going to be really funny if something causes a rate spike. My money is on EZ woes getting out of control.

This is the exact same HPC rubbish, there is always something just around the corner that might happen that might cause a crash... Crashy read the stories. I found that vile site also about 13 yrs ago, when I was about to buy my first house, thankfully those around me convinced me not too... And even with only modest house price increase on my first property (in an area with lots of new properties) I have still saved 90k in rent and due to luck more than judgement it has turned out as a very good yielding rental over the last 3-4yrs, in total with the saved rent and the income as a rental it has paid for the house, I obviously paid a little on maintenance and interest but only if properties had crashed so the house was worth say £20-£30k would I break even.

I agree people who are very highly leveraged will likely be in trouble, but remember that is a very small minority...

HPC is a bunch of gamblers, they thought they could play the system and they live in their own little world full of everyone around them that agrees with their mentality of a house price crash, any reasoning is met like with you, with obscure links and trying to be too clever... I think you would be much happier at HPC.

Talk about sentiment I have noticed over the last year or so a definite realisation of some that they were very silly and made a big mistake.

HPC_Ghuol_Hunter

buggy_boy wrote: »

This is the exact same HPC rubbish, there is always something just around the corner that might happen that might cause a crash... Crashy read the stories. I found that vile site also about 13 yrs ago, when I was about to buy my first house, thankfully those around me convinced me not too... And even with only modest house price increase on my first property (in an area with lots of new properties) I have still saved 90k in rent and due to luck more than judgement it has turned out as a very good yielding rental over the last 3-4yrs, in total with the saved rent and the income as a rental it has paid for the house, I obviously paid a little on maintenance and interest but only if properties had crashed so the house was worth say £20-£30k would I break even.

I agree people who are very highly leveraged will likely be in trouble, but remember that is a very small minority...

HPC is a bunch of gamblers, they thought they could play the system and they live in their own little world full of everyone around them that agrees with their mentality of a house price crash, any reasoning is met like with you, with obscure links and trying to be too clever... I think you would be much happier at HPC.

Talk about sentiment I have noticed over the last year or so a definite realisation of some that they were very silly and made a big mistake.

Indeed. I remember when HPC at the peak of it's time commanding circa 200 regular posters, not forgetting its !!!!!!! child GHPC off-shoot website (where most of the origiinal disaffected HPC regulars went after Bruce Spanners completely liberal and unfounded accusations of trolling and eventual ban hammer throwing), thankfully most of these banned individuals saw the light and bought. Today HPC website is lucky to scrap together 50 racists ranting about their lot and rent forever looser status. :T:rotfl::j:beer::money::p

westernpromise

chucknorris wrote: »

Really? What is the longest day that you have worked? I have worked a few times through the night (after a day's work) and also some of the next day. My longest was from about 8.30 am Thursday morning (I can't actually remember) until 6 pm Friday evening. I wasn't paid any extra for it, although in reality my commitment was noted, and was why they paid me a comparative high salary (so in fact, I was, but probably not in a way that you would fully understand).

That is the problem with generalising, like that, it ends up being meaningless.

Yep - I have done consecutive all nighters more than once.

The idea that wealthy people haven't worked for it is a leftist lie put about to justify stealing from them.

Out,_Vile_Jelly

Crashy_Time wrote: »

The majority on here are leveraged up to the eyeballs, they really don`t want interest rate hikes. It is going to be really funny if something causes a rate spike. My money is on EZ woes getting out of control.

Where is your evidence that the majority of posters on this forum are "leveraged up to the eyeballs"?

Your reasoning is about as nuanced as the average Daily Mail reader:

-all property owners borrowed 8x their made up salary to buy a new-build shoe box on an IO mortgage
-all single mothers are !!!!less slags
-everything the Royal family does or says is brilliant
-everything the EU does is evil

westernpromise

My mortgage is 1.1x my salary.

I wonder what multiple of his income Crashy's outstanding rent is? If he's 55, has life expectancy of say another 20 years, and pays £5k a year for his bedsit, he's going to be paying another £100,000 in rent.

Unless he's on £91,000 a year, which in Scotland I kinda doubt, I reckon he's more leveraged than me and the most leveraged of any of us.

lisyloo

My mortgage is 1.1x my salary.

I'm stoozing my repayments, so have made a profit from my mortgage.
Will be paying it off in 7 months.

Most of the posters on here that we know off are anecdotally not over leveraged. Those who took fixed rates won't be worried either.

There will be some people who bought recently who might be over-leveraged.
If they are home owners then provided they don't experience death, divorce, job loss then long term they should be fine even if they did experience short term negative equity.
We experienced negative equity and it wasn't an issue as we didn't need to move, so we just carried on living in the house and paying the mortgage which worked out fine long term.
I will be 50 soon with no mortgage which will help me retire at 55 (should I wish to).

I see nothing clever or funny is laughing at those homeowners who expierence death, abandonment, job loss, sickness, accident etc. I am the first to say the forseaable should be thought through and contingency plans put in place e.g. insurance, but I still see nothing to laugh at.
Those (crashy) who will be laughing at others misfotune should take a good look at themsleves.