Will there really be a crash?

lookstraightahead

chucknorris wrote: »

Profitability (money) doesn't make anyone superior, it simply buys things, that's all. Although it does also provide financial security, which is important, and to that end, it isn't the number of businesses that you own that is important, it is the profitability, and the input required (not much use being cash rich and time poor, at the end of the day, time is worth more, we will all run out of time). But the point that I was making was that all debt is not necessarily bad.

I'm not disagreeing with you. You can have different types of assets and profit but there are many posts on here from one particular person stating that renters are inferior to property owners.

triathlon

Living_proof wrote: »

I certainly think there will be a serious correction in house prices because sentiment is pretty poor at present. Just today BMW has announced it will stop work on the Mini for one month directly after Brexit so that the dust will have settled and the future should be clearer. Presumably the workforce will be on full basic pay but if you were one of the zero hours workers connected with that industry you would be idiotic not to be planning on how you would get through that difficult time.

I live in a town where massive redundancies hang over 10% of the workforce in its biggest industry. That and Brexit mean there is so much uncertainty that anyone thinking of buying a property now would probably stay at home longer, or keep in rented accommodation until there is a stable economic environment in the country, which may be years away. Whilst all is not doom and gloom out there, I don't detect any feel-good factor in people's personal circumstances. Maybe people who are 'only just managing' will then be forced to sell up which will force prices down. And they couldn't go on rising exponentially after all.

Sentiment with you and the people YOU know I am willing to bet is low. Sentiment with myself and the elite people I knock about with is sky high. If I was you I would try and read up on self fulfilling prophecies and you then might understand how so many people are living great lives and others not

triathlon

Crashy_Time wrote: »

You sell mortgages for a living don`t you? :rotfl:

NO

You live in a bedsit, have no friends don't you?

triathlon

HPC_Ghuol_Hunter wrote: »

Are you a renter or owner? I am an owner of multiple occupancy properties throughout London and the UK, yet I drive a very modest car - you would not tell that I am a multi-millionaire.

Good man.

Tell me this HPC and be honest as I know you are in most of your posts
Of all the tenants you have and had, is there any of them you would ever want to socialise with, and I already know the answer
Was driving all over yesterday, looking at some property deals in the pipeline, and was listening to Radio 4 & 5, all day they sent out the message "social housing is nothing to be ashamed of if you live it".. Translated = If you live in social housing you are at the bottom of the food chain.
And also tell me this doom mongers praying for a vengeful drop in house prices, as a working paying renter why would you want to be living with all this housing benefit types that never pay a penny, and we all know what type of people most are them are like

triathlon

chucknorris wrote: »

Profitability (money) doesn't make anyone superior, it simply buys things, that's all. Although it does also provide financial security, which is important, and to that end, it isn't the number of businesses that you own that is important, it is the profitability, and the input required (not much use being cash rich and time poor, at the end of the day, time is worth more, we will all run out of time). But the point that I was making was that all debt is not necessarily bad.

I have hired dozens of people in my life, and only one has ever been someone who rented a property. The atmosphere in all of the places where my employees work is fantastic and most would admit to having a very high regard for me, love me even. Work place happiness is so important to me and I will never have renters and more so angry renters bringing in their negativity into my work place, granted some do not mean to, but they just cannot help it, faces like miserable as sin.

ukcarper

chucknorris wrote: »

Profitability (money) doesn't make anyone superior, it simply buys things, that's all. Although it does also provide financial security, which is important, and to that end, it isn't the number of businesses that you own that is important, it is the profitability, and the input required (not much use being cash rich and time poor, at the end of the day, time is worth more, we will all run out of time). But the point that I was making was that all debt is not necessarily bad.

I think triathlon posts are upsetting some people, is entirely serious I'm not sure as he hasn't done any groin-thrusts yet.

triathlon

ukcarper wrote: »

I think triathlon posts are upsetting some people, is entirely serious I'm not sure as he hasn't done any groin-thrusts yet.

The only people I will be upsetting will be the people who do not want to hear the real truth and want there to an alternative truth. Happy homeowning positive people will never be upset with me, people who want misery and hardship to be put onto decent people so they can just walk into their homes, yeah I might be upsetting them, but who cares about nasty people like that.

Can you imagine to stress and hardship and pressures that would come from throwing decent people out of their homes, all that hard work they have put in and the inheritances wasted that took a lifetime to accumilate, just would not be right in any scenario

ukcarper

triathlon wrote: »

The only people I will be upsetting will be the people who do not want to hear the real truth and want there to an alternative truth. Happy homeowning positive people will never be upset with me, people who want misery and hardship to be put onto decent people so they can just walk into their homes, yeah I might be upsetting them, but who cares about nasty people like that.

Can you imagine to stress and hardship and pressures that would come from throwing decent people out of their homes, all that hard work they have put in and the inheritances wasted that took a lifetime to accumilate, just would not be right in any scenario

I think you have said a lot more than that, how do you feel about happy positive renters.

triathlon

ukcarper wrote: »

I think you have said a lot more than that, how do you feel about happy positive renters.

OK

I will leave that one with Jane to decide the OP:rotfl::rotfl::rotfl::rotfl:

Out,_Vile_Jelly

There must be some sort of weird internet wormhole where the nuttiest HPC rant-posts get sucked up, mangled and redeposited on here as their equally moronic polar opposite. William Gibson was probably writing about it in 1988.