Good news: UK house prices are stuck in the doldrums

triathlon

Crashy_Time wrote: »

Endless posts attacking posts that say a crash is coming/needed.

Your approach to dealing with people you see as "fearful" is relish it seems in that somehow you are about to profit from the despair of millions of people. You seem one of these people who are excited as the sensible are scared out of their wits because a comet heading to earth is about to destroy all that they love as you look forward to all the extra space you will have to yourself.

westernpromise

Although to be fair, if you'd shorted property 23 years ago and were still paying to rent a bedsit you'd otherwise have owned outright about 10 years ago, you'd be angry at the world too. Especially when you looked ahead and realised that you'll be renting till you die. Having a BCR of over 130% can't be too good for the equanimity either.

movilogo

Easy house price profits vanish as the number of people "flipping" homes plunges

https://www.mirror.co.uk/money/easy-house-price-profits-vanish-18794006

chucknorris

Crashy_Time wrote: »

Endless posts attacking posts that say a crash is coming/needed.

Well that means that there was also endless posts being posted that a crash is coming/needed, so the response wasn't excessive, it was appropriate.

Crashy_Time

chucknorris wrote: »

Well that means that there was also endless posts being posted that a crash is coming/needed, so the response wasn't excessive, it was appropriate.

Not quite, because the poster has stated that they are more than happy with their choices regarding property, so why the need to continually say "No no no" every time the much needed price correction is mentioned? That would be like me going on an investment forum and saying "No no, passive is better than active, you shouldn`t buy emerging market bonds, the amount you are allocating to equities is wrong!" etc. etc. when I am perfectly happy with my own investment choices, why would anyone want to do that unless they were fearful that their choices might not play out like they had hoped? I am quite open in saying that the property bubble is one of the biggest mass brainwashing scams of all time and needs to be called out at every opportunity so that people can see the absurdity of borrowing shed loads of money for basic shelter so that bankers can enrich themselves with more bits of paper than the rest of us as the planet tips towards climate catastrophe! Rant over.

AG47

Crashy_Time wrote: »

I am quite open in saying that the property bubble is one of the biggest mass brainwashing scams of all time and needs to be called out at every opportunity so that people can see the absurdity of borrowing shed loads of money for basic shelter so that bankers can enrich themselves with more bits of paper than the rest of us as the planet tips towards climate catastrophe! Rant over.

The perma prop bulls will never ever take their heads out of the sand and admit the truth of the absurdity of borrowing way too much money for basic shelter so that bankers can enslave the masses until the next crash.

There can never ever ever be another crash in property prices, things have now changed so that the past is no indication of the future.

chucknorris

AG47 wrote: »

The perma prop bulls will never ever take their heads out of the sand and admit the truth of the absurdity of borrowing way too much money for basic shelter so that bankers can enslave the masses until the next crash.

There can never ever ever be another crash in property prices, things have now changed so that the past is no indication of the future.

The only post I have seen with 'There can never ever ever be another crash in property prices' is this one:

AG47 wrote: »

There can never ever ever be another crash in property prices, things have now changed so that the past is no indication of the future.

triathlon

AG47 wrote: »

The perma prop bulls will never ever take their heads out of the sand and admit the truth of the absurdity of borrowing way too much money for basic shelter so that bankers can enslave the masses until the next crash.

There can never ever ever be another crash in property prices, things have now changed so that the past is no indication of the future.

Not one "perma prop bulls" as you call them will ever say NEVER. But what they probably will never do is wish their whole life away hoping something might happen. Me "burying my head in the sand" has given me a wonderful home and an income most can only dream of, while the property crash conspiracy theorists are still sat in their bedsits 20 years later.

lisyloo

I was told I borrowed too much money, but now have it all paid off and have a very nice home which is rent free for the rest of our lives.
I don’t think people who’ve got on with their lives professionally and personally have been burying their heads in the sand.
It those who’ve decided not to buy since 2001 and don’t have a plan who’ve buried their heads in the sand.

Drawer_full_of_socks

Brainwashed for paying a mortgage which is considerably less than the equivalent rent?

Surely that's just being financially prudent.

Prices are really booming here in the NW Cheshire area, not much stays on the market past a month and if it does it's because the property has been neglected.

My home is worth 30% more than it's purchase price from 2011 and the mortgage costs £250pcm less than the equivalent rent. I've made a killing. Roughly £20,000.00 rent saved over the 8 years.

Wish I wasn't brainwashed:money: