HPC.com has now become a Brexit protest group.. Brilliant

ess0two

parking_question_chap wrote: »

It will encourage people to start over and live within their means.


And the savers who have not contributed to the crash will finally be able to make a few quid.

Plenty of ways for savers to make a few quid, unfortunately gone are the days where there was no risk but good returns,fortune favours the brave.

triathlon

parking_question_chap wrote: »

That makes no sense whatsoever.

OK, I will put it in very SIMPLE mans terms just for you, for 18 years people have said they have been living "beyond their means" so how have they kept living then?, and not only living, the have prospered and done well

badmemory

Why will a house price crash cause property to become available cheap. A buy to let landlord may well be stuck with property in negative equity if they have a mortgage. They will not be able to afford to sell. They will not be able to re-mortgage on a fixed deal & will be stuck on a SVR so rents will actually have to go up. Memories of Northern Rock here!

HPC_Ghuol_Hunter

Looks like that emotionally ‘tarded, racist, mysogonist ccc has been banned. Gud times.

chucknorris

triathlon wrote: »

This is brilliant

I am convincing people that a house price crash is never going to happen.

Quite possibly you actually meant what I am saying below:

House price corrections will happen periodically, but trying to time the market is not very wise, if you get it wrong you can end up priced out, if that fall ends up being some time in the future. Buyers shouldn't worry about corrections, quite often the corrected price might still be higher than when you would have bought anyway. Also think of the rent that you are no longer paying.

triathlon

HPC_Ghuol_Hunter wrote: »

Looks like that emotionally ‘tarded, racist, mysogonist ccc has been banned. Gud times.

The Brexit thread on HPC has had close 2 million views now and yet there is probably at most only 3 Brexiteers left on what is the most popular thread on that horrible site. Nearly all people who want a house price crash also want Brexit, they seem to think it will bring about a property crash.

I am just amazed and happy that Remainers now have control of that thread:):):):)

parking_question_chap

triathlon wrote: »

OK, I will put it in very SIMPLE mans terms just for you, for 18 years people have said they have been living "beyond their means" so how have they kept living then?, and not only living, the have prospered and done well

"I will put it in very SIMPLE mans terms just for you."

Living within your means does not just mean having enough money to pay the bills at any given point in time or when it gets to the end of the month. Its a dynamic situation so it also means being prudent enough to reduce borrowing when the inevitable happens and the price of servicing your debts increases.

It will become evident who isnt living within their means when the interest rates start to head upwards.

triathlon

parking_question_chap wrote: »

"I will put it in very SIMPLE mans terms just for you."

Living within your means does not just mean having enough money to pay the bills at any given point in time or when it gets to the end of the month. Its a dynamic situation so it also means being prudent enough to reduce borrowing when the inevitable happens and the price of servicing your debts increases.

It will become evident who isnt living within their means when the interest rates start to head upwards.

Hate to break it to you, but 18 years is close to a full mortgage term, at the very least and I mean VERY least a lot of people have an owned home to their name.

I suppose moaning renters wishing for a property crash have done better have they?
I say they haven't and I would also love to tell them to wake up and smell the coffee,but it is too late for most of them now

badmemory

Many people have been living within their means. They are the ones that get to cough up extra on their bills when the ones who haven't renege on their debts. We are now teaching our young people that living in debt is just fine. Get into massive debt so you can have a minimum wage job & pay none of it back - it is sending out the wrong signals.

badmemory

triathlon wrote: »

I suppose moaning renters wishing for a property crash have done better have they?
I say they haven't and I would also love to tell them to wake up and smell the coffee,but it is too late for most of them now

The only way one of those renters is going to get a property after a crash is if it gets repossessed or if the owner dies & the ones inheriting can't agree to rent.


The crash 10 years ago is what led to the increase in accidental landlords. That is when several of the houses around here went from owner occupier to rented. People needed to move for their jobs & couldn't afford to sell, so they rented it out & themselves became renters initially. Another crash will just be more of the same. The repossessions & sales at auction just cause the prices to depress even further.