For those who think we had it easy...

Turnbull2000

Running_Horse wrote: »

No true commitment? Bringing up her kids in England and investing in property shows just a little commitment. Like it or not, unlimited immigration combined with limited housing, means that prices may slow, but will never crash again to mid 90s levels. Whether I am in favour is totally irrelevant, it is happening and will continue to happen. Tell me, if someone who came to this country with no capital can buy and renovate a flat, then why not our own people?

Again, and as is the theme with most of your posts, you over-simplify things. You assume that everybody has the same earnings potential, skills, resources and intelligence. There's monumental fallacies in every argument you put foward.

You and SDW are becoming parodies of yourselves. Quite comical!

carolt

Running_Horse wrote: »

Forget all the arguments about who had it worse, it doesn't matter. Want to know the future?

Interesting how you have moved away from your original argument, that opened this thread, namely that it has always been just as hard for those in the past to buy as for those starting out now - does this mean that you accept that your argument has been proved false and so you have been reduced to making predictions about the future, which no-one can 'prove' wrong as it hasn't happened yet?

Does this mean this thread can now be closed?

lieutenant_dan

Turnbull2000 wrote: »

Again, and as is the theme with post of your posts, you over-simplify things. You assume that everybody has the same earnings potential, skills, resources and intelligence. There's monumental fallacies in every argument you put foward.

You and SDW are becoming parodies of yourselves. Quite comical!

When you consider that Running Horse is buying not just once, but TWICE at the top end of the market (very likely scenario in the current market that we have at the very least reached the ceiling, and once before in the late 80s), can he really be taken that seriously on how best to play the housing market?

Dead_Eye_Jones

Turnbull2000 wrote: »

Again, and as is the theme with post of your posts, you over-simplify things. You assume that everybody has the same earnings potential, skills, resources and intelligence. There's monumental fallacies in every argument you put foward.

You and SDW are becoming parodies of yourselves. Quite comical!

What do you think the solution is? Communism? Lets just place everyone in a house. At random?

I just dont get what happens if prices do suddely drop. Im not even an average earner but if house prices eg halved and my wages stayed the same and interest rates were reasonable Id be able to buy a bloomin great big house.

Great! But then so would every other not even average earner and surely that just cant happen? Who gets the nicest house? Who gets to be in the nicer area?

Free markets arent ideal, but its the best of a range of bad choices. We live in a competative world. Get used to it. If I were struggling I certainly wouldnt be wasting time on an internet forum.

My quality of life is certainly better than my folks at an equivalent age.

Turnbull2000

Dead_Eye_Jones wrote: »

What do you think the solution is? Communism? Lets just place everyone in a house. At random?

I just dont get what happens if prices do suddely drop. Im not even an average earner but if house prices eg halved and my wages stayed the same and interest rates were reasonable Id be able to buy a bloomin great big house.

Great! But then so would every other not even average earner and surely that just cant happen? Who gets the nicest house? Who gets to be in the nicer area?

Free markets arent ideal, but its the best of a range of bad choices. We live in a competative world. Get used to it. If I were struggling I certainly wouldnt be wasting time on an internet forum.

My quality of life is certainly better than my folks at an equivalent age.

Communism? Oh dear.

Why do you suppose the scenerio you've outlined hasn't materialised when house prices have been much cheaper in real terms? You're making the error of not looking beyond face value, like certain other posters on this thread. You've discounted credit availability, historicly low interest rates, speculation, building trends and that very important sentiment.

And if you believe this is a free market, then you're kidding yourself. Planning restrictions, political interference, government subsidised ownership and key worker schemes - that's not a free market.

Prices have doubled in five years, yet you'd think this country has gone through some massive magical transition of population (even though net immigration as a % isn't that great), land mass and housing availability (yet rents remain stable) going by some of these comments.

Running_Horse

lieutenant_dan wrote: »

When you consider that Running Horse is buying not just once, but TWICE at the top end of the market (very likely scenario in the current market that we have at the very least reached the ceiling, and once before in the late 80s), can he really be taken that seriously on how best to play the housing market?

That's rich coming from someone who is still saving for his first deposit in his mid 30s, while I'm in my second home which will be fully paid off before I'm 60. The thing is there can only be 7 years between us. You were from the generation who should have benefited from our "mistakes", but 15 years later you are still waiting for prices to drop. Unlike you, I don't obsess about whether prices rise or fall, I just enjoy the kind of home you will never own. How seriously should we take your housing tactics, bedsit boy.

Turnbull2000

Running_Horse wrote: »

SNIP

That's a pretty despicable post, but hardly surprising coming from yourself. Time for the filter...

undercoat11

Wow isn't this thread getting a bit personal now!!

115K

undercoat11 wrote: »

Wow isn't this thread getting a bit personal now!!

I agree. It's getting very childish and some posts are very insulting in tone.

I am a homeowner and I do have sympathy with FTB's in UK at moment. I don't just want to sit here smugly in my home and sneer at people because they made different choices to me.
It would be rude to infer that anyone my age is without a home because they are lazy or haven't been saving for a £50,000 deposit since they were 16 years old. :mad:

lieutenant_dan

Running_Horse wrote: »

That's rich coming from someone who is still saving for his first deposit in his mid 30s, while I'm in my second home which will be fully paid off before I'm 60. The thing is there can only be 7 years between us. You were from the generation who should have benefited from our "mistakes", but 15 years later you are still waiting for prices to drop. Unlike you, I don't obsess about whether prices rise or fall, I just enjoy the kind of home you will never own. How seriously should we take your housing tactics, bedsit boy.

Wow. For someone who consistently claims to have perspective, be reaping the rewards of earlier sacrifices made in times which were a lot more conducive to homebuying etc, etc, you sure come across as being an angry and resentful man. And with a settled family life now, in the process of upgrading, where does all this hostility come from? Surely if that really is the case, you'd be better served staying out of debates like this and enjoying your life?

But I've had a think about it, and reckon that the likes of yourself and others in the thread resent others they perceive (wrongfully in many cases) as having a good time in their youth (which should be the natural order anyway) instead of tying themselves down with mortgages - if they were able to get one in the first place - because maybe they look back and resent not having freedom in their own prime time of their lives, as they now approach middle age? That's where all this nonsensical irrelevant stuff about wasting money on ipods comes from as well probably. Just a thought.

All I was saying is I've heard of "buy low, sell high" but "buy high, buy high", no, that's a new one on me.

And I started off on a low salary (probably a crime in your view) and as I've explained time and again, only now has my salary reached a level where I am within touching distance of affordablity, but have to have a large deposit (10 or maybe 15%) to do it. But I'm working on it. And I enjoyed my youth, not at the expense of a mortgage because I was consistently outside the affordability scale, but I enjoyed it nonetheless, did you?

And re your previous comments about stretching to 4+ times your mortgage, many will feel the squeeze of this for years when circumstances change in the market/interest rates, and with the clampdown in mortgage lending, I'll think you'll find now that the 5 or 6 times your salary mortgage lending days are over, and therefore I think you'll find that you could NOT have afforded your 2 bed place in the current climate.