Boris announcement on new deposit scheme?

Crashy_Time

tom9980 said:

Crashy_Time said:

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

A long time ago you sold a property to move and rent in Edinburgh, you felt prices would crash and you have been waiting 15+ years for them to crash. You had a brief window in 2009-10 to cut your losses but clearly felt they would crash more because you kept renting. You will spend your life paying more for your housing situation than you needed to and yet expect everyone to think it will be different this time?

Care to tell us the year you sold to rent? You won't because you know you made a mistake and simply won't hold your hands up.

This isn`t accurate, where are you getting this from?

Salemicus

Crashy_Time said:

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

I don't have any specific predictions. A weak form of the EMH is obvious to any intelligent person. I think anyone claiming to forecast future paths of asset prices is a charlatan or a fool.

You are the one claiming that a crash is imminent (or happening right now in some tellings). What are your predictions?

Crashy_Time

Salemicus said:

Crashy_Time said:

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

I don't have any specific predictions. A weak form of the EMH is obvious to any intelligent person. I think anyone claiming to forecast future paths of asset prices is a charlatan or a fool.

You are the one claiming that a crash is imminent (or happening right now in some tellings). What are your predictions?

More of this...
https://dailytimes.com.pk/679119/uk-credit-rating-downgraded-by-moodys-on-weak-economic-growth/
More of the public and media waking up to the fact that these schemes are there to help developers not hard working strivers, and that B.J won`t be around as long as he initially hoped.

Salemicus

No, what are your predictions for house prices? What will be the percentage change in UK house prices between now and October 2021?

Crashy_Time

Salemicus said:

No, what are your predictions for house prices? What will be the percentage change in UK house prices between now and October 2021?

As you said yourself no one can predict this, so it is strange that a post or two later you ask for a prediction?! The fact that we are in a very leveraged bubble with many supports required to keep it from popping is obvious though, even to charlatans and fools.

MobileSaver

Crashy_Time said:

MobileSaver said:

Similarly it seems particularly odd that you feel the need to reply and agree with obvious sock puppet posts; having a history of supporting so many banned accounts really does not do much good for your credibility does it?

So the "Sock puppet" (LOL) said "There has been massive over-building in London", and I agreed, as would most people with even the smallest grain of common sense, and this appears to be the sort of conversation that you want banned or shut down?

Sock Puppet: noun; a false online identity, typically created by a person or group in order to promote their own opinions or views.

Using quotes around "sock puppet" (sic) normally signifies that the poster doesn't actually believe there is a sock puppet; is that honestly, genuinely what you believe because I am sure practically everyone else including the MSE admins believes the opposite. And yes we should all want false online identities to be banned, why would any genuine person want charlatans to be allowed to continue?

Crashy_Time said:

How would a London house price correction affect your house price, in an area with prices obviously affected for years by London Bubble Money?

Do you have any evidence that property prices in mid-Wales have been "obviously affected for years" by London prices?!?! Obviously everything affects everything hence the Butterfly effect theory but presumably you mean consistently rather than a one-off one-in-a-billion fluke?

Now that you have tacitly acknowledged that there won't be a house price crash after all, why haven't you bought a house yet? Is it simply that you can't afford one?

Salemicus

Crashy_Time said:

Salemicus said:

No, what are your predictions for house prices? What will be the percentage change in UK house prices between now and October 2021?

As you said yourself no one can predict this, so it is strange that a post or two later you ask for a prediction?! The fact that we are in a very leveraged bubble with many supports required to keep it from popping is obvious though, even to charlatans and fools.

Just because I think predicting prices is nonsense, doesn't mean that you do. You are the one who keeps claiming that prices are crashing/will crash, not me.

It is fascinating that despite your rhetoric, you don't actually expect any fall in prices. What a performance!

So why did you sell your place to rent instead, you odd duck?

waamo

House prices are soaring currently. They have hit record highs and are predict to rise even further https://www.theguardian.com/money/2020/oct/19/average-asking-price-for-homes-in-britain-hits-record-high

Now is an excellent time to buy before they rocket further skyward. Massive house price inflation is on the cards.

tom9980

Crashy_Time said:

tom9980 said:

Crashy_Time said:

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

A long time ago you sold a property to move and rent in Edinburgh, you felt prices would crash and you have been waiting 15+ years for them to crash. You had a brief window in 2009-10 to cut your losses but clearly felt they would crash more because you kept renting. You will spend your life paying more for your housing situation than you needed to and yet expect everyone to think it will be different this time?

Care to tell us the year you sold to rent? You won't because you know you made a mistake and simply won't hold your hands up.

This isn`t accurate, where are you getting this from?

These are some of your own words. You have told us many times that you have sold a property this is just one of those times from 2018. You have also told us you live and rent in Edinburgh. If we are so wrong please correct us once and for all?

Crashy_Time said:

westernpromise wrote: »

Oh, Crashy's sold a house all right. He sold one in 1996 because he thought the market was about to crash, and has rented ever since. So that worked out well.

At least I managed to sell one, many recent FTB`ers will never manage that, not at "what it`s worth" anyway :rotfl:

Getting_greyer

Repeatedly asking crashy about his house sale from years ago raises two issues that I can see.

It either went really well.  It could be that he invested the proceeds and is laughing at us all from his mountain of assets. 

Or, it went really bad and is now financially worse off.  In this is the case it can't be nice to be reminded of it.  If this was the case would he get your sympathy or your derision? 

Better to stick with critiquing someone's arguments than their financial decisions.  It's less personal and far more interesting.