Nationwide, Biggest jump in prices in 14 months

Crashy_Time

lisyloo wrote: »

100% agree with this and I been deliberately studying both “types” of people.
There can be problems with home ownership and being a landlord and more generally anything you do in life. we are hard wired to protect ourselves from negative consequences, but some of us are hyper vigilant and on the whole the bad things don’t happen and things work out where people are minded to make them successful. The other type self-sabotage.

People need to get on and earn what they want, not rely on viruses or election promises in the Vain hope of getting a handout.

So true, and many who did absolutely nothing creative except taking out a mortgage are finding that even the housing bubble isn`t paying out like it used to, they are having to wait years and multiple price drops to get even a sniff of a buyer, and as less and less young people want to self-sabotage themselves with bubble debt for basic living space this banker enriching "handout" for the masses just gets harder and harder to tap.

stehouk

lisyloo wrote: »

That’s because the majority of young females want to nest and that also means most chaps with young females want to nest (and also these days 2x chaps and 2x females). They seem to be mainly single chaps on HPC.

I’m told I go on about it too much but the biological imperative is still driving a lot of decisions for FTBs. Personally I don’t believe it’s a lifestyle choice (to have kids).

isn't that a foursome :rotfl:

lisyloo

Crashy_Time wrote: »

So true, and many who did absolutely nothing creative except taking out a mortgage are finding that even the housing bubble isn`t paying out like it used to, they are having to wait years and multiple price drops to get even a sniff of a buyer, and as less and less young people want to self-sabotage themselves with bubble debt for basic living space this banker enriching "handout" for the masses just gets harder and harder to tap.

It’s not meant to “pay out” or be “tapped”. It’s not a get rich quick scheme !!
Perhaps that’s the root of your disappointment, expecting great returns like the past that other have had,
For most people it’s meant to be a home and good value accomodation not a get rich quick scheme.

I sold a flat in 2018 and got a full asking price offer before it went to market.
Buyers have been saying there’s a lack of decent property so anyone with anything decent hasn’t had a issue selling (at the right price).
Of course the selling forum is littered with people being told their asking too much when they don’t get offers, but there is no evidence of not being able to sell at the right price.
Actually there is anecdotal evidence of not being able to buy due to constrained supply.

lisyloo

Crashy_Time wrote: »

So why the addiction to telling people on the internet that their views are wrong about the property bubble?

For balance with HPC.
We are allowed to express different views on here aren’t we?

Obviously one cannot believe everything one reads but it appears people who bought mainly mortgages free in nice houses and those who’ve tried to time the market are in dingy accomodation and quite unhappy.

Just because people have paid off mortgages doesn’t stop them having a view or expressing it.

I know I’m not going to stop learning, growing and being interested even when I get to FIRE.

triathlon

Crashy_Time wrote: »

So why the addiction to telling people on the internet that their views are wrong about the property bubble?

Look at the number of your posts compared to mine :rotfl:

And then look at my posts and the good advice I give saying far less, and I do like to help people, and all your posts here alone, not to mention all your posts on "other websites" and the 100% total bad advice you have given to people.

triathlon

Crashy_Time wrote: »

So true, and many who did absolutely nothing creative except taking out a mortgage are finding that even the housing bubble isn`t paying out like it used to, they are having to wait years and multiple price drops to get even a sniff of a buyer, and as less and less young people want to self-sabotage themselves with bubble debt for basic living space this banker enriching "handout" for the masses just gets harder and harder to tap.

1. The vast majority of people are not looking for "bubbles to pay out"
2. Where are these "price drops"

How long have you been giving out this same advice now?
You give the impression that there are alternatives to having a house or flat and that there is a problem with those that want to nest, but unless you want to live in a depressing bedsit, back of a van or on someones sofa, we are where we are, and from where I am sitting compared to the rest of the world it is pretty good.

Sailtheworld

Crashy_Time wrote: »

So true, and many who did absolutely nothing creative except taking out a mortgage are finding that even the housing bubble isn`t paying out like it used to, they are having to wait years and multiple price drops to get even a sniff of a buyer, and as less and less young people want to self-sabotage themselves with bubble debt for basic living space this banker enriching "handout" for the masses just gets harder and harder to tap.

Buying a house is no longer a get rich quick scheme and that's good news.

It's a get rich slowly scheme - a few decades of not paying the gap between a mortgage rate and a landlord's yield really adds up. Paying neither a mortgage nor rent in retirement is rather a thick layer of icing on top.

I don't know where you get this nonsense that it takes years to sell a house from - it doesn't. Even if it's true sold prices are increasing so those 'multiple price drops' are a fantasy.

You haven't sold a house since 1998 so maybe you're a bit out of touch. I put my last place up for sale on a Thursday and sold it for asking on the Monday.