At last: A reason to celebrate

ScorpiondeRooftrouser

chucknorris wrote: »

Where does this phrase 'hard working families' come from? In my experience when the SHTF and emergency hours had to be worked, i.e. all night (after a full day) and sometimes the next day too, it was nearly always the single guys like me who filled the gap. Don't get me wrong, I am married now, and I fully understand why family guys (and women) wanted/needed to go home and see/look after their children. But don't !!!! on my back and tell me that it is raining by saying the hard working guys were the married ones, they were definitely not (but as I mentioned for legitimate reasons). I have never worked hard since I married, I had made my money by then, and there was no need for it.

Don't ask me; I was quoting it because the person I replied to used it. It's a moronic trigger phrase. I thought my final paragraph made my feelings on it clear.

[Deleted User]

We will have to wait and see if April's figures are an outlier or a sign of things to come, personally I would wait for this months figures before even starting to come to a conclusion. But the economy is flatlining so maybe property prices will follow suit?

ukcarper

AFF8879 wrote: »

Property prices are already flatlining it seems, though maybe that is a good thing as that equates to a real-terms fall. I am an owner-occupier myself, but only on the first rung, so am not vested in significant house price increases.

Stagnating prices is probably the best scenario; they allow salaries to eventually catch up so that houses become more affordable, without causing negative equity traps for existing homeowners. Albeit a very slow-burn process.

I bought my flat in London right after the EU referendum on 90% LTV. Many people thought I was crazy and I was slightly nervous myself, but at the end of the day I needed a home whatever happened.

Fast forward 2 years and I just refixed my mortgage for another 5 years at 75% LTV, so would need a fairly significant crash to hit negative equity. I plan on attacking my mortgage relentlessly now my finances have a lot more breathing space - as long as you do not overstretch and are not interesting in flipping for a quick buck, buying is almost never a bad idea.

I own my house outright and if I move it will be to downsize but I agree stagnation would be the best especially here in South East. It would lower prices in real terms without affecting people who have bought recently.

westernpromise

What's quite funny about this thread is that it exposes one of the crashtrolls' dearest delusions for the guff it is.

Crashtrolls want prices to fall so that they can buy cheap. They therefore assume that because they want prices to fall, others must be opposed to this happening. They stumble from this error to the next one of assuming that existing owners must all want house prices to rise because of course each and every property owner has the exact same economic interests.

Crashtrolls have duly given themselves permission to hate and envy property owners and to blame for their own predicament. It's because there are people who - they have decided - gain from price rises that there are people such as themselves who lose. These people are evil boomers and deserve to be jeered at and hated.

Amusingly, there is no evidence here or anywhere much else that property owners en masse want property prices to rise. I'd personally be delighted, for example, if prices fell as long as whatever economic calamity brought this about did not also cost me my job.

A small handful of owners would like prices to rise so they can sell up and downsize. If prices fall this group just postpones selling until prices improve. Those not looking to move don't give a monkey's and those looking to trade up probably would like them to fall.

Unless and until crashtrolls internalise and get their heads around what really drives property markets, they will continue not to understand it. By way of a clue, crashtrolls. the overwhelming majority of property owners and buyers do not buy or sell because they think they can speculate successfully in the roof over their heads. OK?