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cajef

Diocletian_II wrote: »

If they are not buying, selling or working in the property industry, it seems to me like a very odd hobby for 'permanent' posters to spend their time on MSE talking about property.

Just the same as people that come on here predicting gloom and doom, and worldwide financial disaster, one has been predicting property crashes for years but it still has not happened.

System

The longer an expansion continues, the nearer it is to its end.

I hope you will provide plenty of money and sympathy to people who come here when they start losing their jobs and homes in the recession (after encouragement to buy at the top of the market).

hazyjo

Diocletian_II wrote: »

The longer an expansion continues, the nearer it is to its end.

I hope you will provide plenty of money and sympathy to people who come here when they start losing their jobs and homes in the recession (after encouragement to buy at the top of the market).

How will they afford to rent in those circumstances? At least they would have an asset to sell (even if it took a while).

Most people won't lose their jobs in a recession. Some, yes. If you lived your life worrying about the next recession (yes, of course there will be another at some point) and not buying anything, that would be far sadder.

As I said earlier, people are usually advised to buy carefully and within budget. It's actually hard to borrow more than you can afford - unless you lie or take out massive loans after. Also, nothing to say ALL of those people who lose their jobs have massive mortgages and have just moved or bought. I'm sure most would have paid something off. Many lenders allow you take a payment break if you've overpaid - which again is what I've advised.

G_M

A further reduction in price may be required, but other options are


* demand that ex pays the rent you are paying as compensation for him living in the property while you are not
* rent out a room - that would not make it an HMO (make sure you ex does not keep the rent though)
* ensure he is not there when viewings are conducted. Speak to the agents and see if he has been during past viewings. It does not take much to put a buyer off ("we're going through a messy divorce I'm afraid so till that is sorted we won't be able to Exchange"). Most buyers would then move on. That may well be what's happening
* Move back in yourself and make life a misery. Short term pain, but.....
* go to court. this should be sorted as part of the divorce settlement

System

hazyjo wrote: »

At least they would have an asset to sell (even if it took a while)

No. If they lose their jobs in the recession and default on their mortgages, the banks own the deeds, and would normally repossess the properties and sell them.

Davesnave

Crashy_Time wrote: »

Most posters on here who pump the market, or try to, are more likely to be carrying a lot of mortgage debt than working as EA`s, and a few might be BTL landlords, IMO.

Who knows and who cares?


I'm quite interested in some conspiracy theories, but yours regarding posters on MSE is definitely the most boring I've come across!

G_M

Hey folks! There's no more cake so stop feeding........!!

System

Those people who are encouraging others to buy at the top of the market, just as the economy is faltering, need to take some responsibility when buyers default on their mortgages and lose their homes. I think it is only right to start crowdfunding chartable assistance for people who come here seeking help on this in the recession.

System

“Those people here who are encouraging others to buy at the top of the market, just as the economy is faltering, need to take some responsibility when buyers default on their mortgages and lose their homes. I think it is only right that they start crowdfunding chartable assistance for people who come here seeking help when they lose their jobs and default on their mortgages in the recession.”

That’s made my evening, I’m howling.....:rotfl: genius........take responsibility - omg I’m crying aaaaahaaaaa

sst1234

Diocletian_II wrote: »

Those people who are encouraging others to buy at the top of the market, just as the economy is faltering, need to take some responsibility when buyers default on their mortgages and lose their homes. I think it is only right to start crowdfunding chartable assistance for people who come here seeking help on this in the recession.

Still here pressing refresh every 10 seconds to see if there’s anyone to converse with, I see!