Please revoke the 'house price crash' thread ban

Paul_N_4

firsttimetom wrote: »

Why are people wanting a house price crash called 'doom and gloom'. I want one, but was nicknamed smiler at school because I was apparently always happy (i'm not gay btw).

I'm not a doom and gloom person, but I do want house prices to crash. If they did I would be happier not more gloomy.

It's going to happen, we should at least be allowed to discuss it.

You'll find people wanting more affordable housing are called doom and gloom by those that have a vested interest in house prices remaining high.

And those people that REALLY only see their house as a home and not an investment or cash machine, don't care enough either way to even comment.

Personally I think having all the house price crash discussion in one thread makes it easier to find info. The extra thread now and then about media articles, interest rates, etc seems fit to me.

pinkshoes

firsttimetom wrote: »

Why are people wanting a house price crash called 'doom and gloom'. I want one, but was nicknamed smiler at school because I was apparently always happy (i'm not gay btw).

I'm not a doom and gloom person, but I do want house prices to crash. If they did I would be happier not more gloomy.

It's going to happen, we should at least be allowed to discuss it.

Because those that think they'll just be able to walk into a London estate agent and snap up a 4 bed terrace in immaculate condition in Notting Hill for just £200k are delusional. (I'm not saying YOU believe that, but lots of people really do!)

With a house price crash will probably come a recession, and perhaps an economy crash, which means no one will be able to buy or sell houses, because they'll probably loose their jobs, therefore won't be able to get a mortgage. Those in private rented accommodation will get it worse, as they risk being kicked out if the owner wants/needs to sell. Or if they loose their job and can't pay the rent.

And don't forget that we have the worst pension scheme in the world, so even if prices do fall, people that need to move will probably just rent their house out rather than selling, as in 35 years time, it'll be worth more than it is now, with no mortgage left to pay... A property is a great investment for retirement.

Turnbull2000

pinkshoes wrote: »

Because those that think they'll just be able to walk into a London estate agent and snap up a 4 bed terrace in immaculate condition in Notting Hill for just £200k are delusional. (I'm not saying YOU believe that, but lots of people really do!)

AFAIK, good 4 bed properties in Notting Hill go for seven figures sums. I very much doubt "lots of people" believe they'll be able to snap one up for 200K.

pinkshoes wrote: »

With a house price crash will probably come a recession, and perhaps an economy crash, which means no one will be able to buy or sell houses, because they'll probably loose their jobs, therefore won't be able to get a mortgage. Those in private rented accommodation will get it worse, as they risk being kicked out if the owner wants/needs to sell. Or if they loose their job and can't pay the rent.

And don't forget that we have the worst pension scheme in the world, so even if prices do fall, people that need to move will probably just rent their house out rather than selling, as in 35 years time, it'll be worth more than it is now, with no mortgage left to pay... A property is a great investment for retirement.

That scenario doesn't quite stack up.

(and it's 'lose' btw, not 'loose')

izzybusy23

Running_Horse wrote: »

If all you want to do is endlessly discuss falling house price then try here:

http://www.housepricecrash.co.uk/forum/

And what an excellent site it is too!!!

izzybusy23

pinkshoes wrote: »

Because those that think they'll just be able to walk into a London estate agent and snap up a 4 bed terrace in immaculate condition in Notting Hill for just £200k are delusional. (I'm not saying YOU believe that, but lots of people really do!)

With a house price crash will probably come a recession, and perhaps an economy crash, which means no one will be able to buy or sell houses, because they'll probably loose their jobs, therefore won't be able to get a mortgage. Those in private rented accommodation will get it worse, as they risk being kicked out if the owner wants/needs to sell. Or if they loose their job and can't pay the rent.

And don't forget that we have the worst pension scheme in the world, so even if prices do fall, people that need to move will probably just rent their house out rather than selling, as in 35 years time, it'll be worth more than it is now, with no mortgage left to pay... A property is a great investment for retirement.

Gosh, you are a happy soul aren't you???

PasturesNew

pinkshoes wrote: »

those that think they'll just be able to walk into a London estate agent and snap up a 4 bed terrace in immaculate condition in Notting Hill for just £200k are delusional.

Yes, if you're looking for that, check out global warming and rising sea levels, "will London flood" threads to work out when you can do that.

PasturesNew

pinkshoes wrote: »

Because those that think they'll just be able to walk into a London estate agent and snap up a 4 bed terrace in immaculate condition in Notting Hill for just £200k are delusional. (I'm not saying YOU believe that, but lots of people really do!)

Nobody wants to. London smells. It will flood soon. Terrorists are likely to want to blow it up as they have done for the last 40 years.

pinkshoes wrote: »

With a house price crash will probably come a recession, and perhaps an economy crash, which means no one will be able to buy or sell houses, because they'll probably loose their jobs, therefore won't be able to get a mortgage. Those in private rented accommodation will get it worse, as they risk being kicked out if the owner wants/needs to sell. Or if they loose their job and can't pay the rent.

I would either write a cheque out and buy a house, or book into a hotel.

pinkshoes wrote: »

And don't forget that we have the worst pension scheme in the world, so even if prices do fall, people that need to move will probably just rent their house out rather than selling, as in 35 years time, it'll be worth more than it is now, with no mortgage left to pay... A property is a great investment for retirement.

I have no pension, so am spared the worry of how badly it might be doing.

As for that 2nd part, I'd be interested to see your figures that show that would be achievable, or sensible. While I appreciate that in a few pockets of the country, with the right property at the right price and in the right area, it might be achievable for a small handful of people. But it's not an option open to all.

pinkshoes

Turnbull2000 wrote: »

AFAIK, good 4 bed properties in Notting Hill go for seven figures sums. I very much doubt "lots of people" believe they'll be able to snap one up for 200K.



That scenario doesn't quite stack up.

(and it's 'lose' btw, not 'loose')

sarcasm x lots. It was just sarcasm. Hence I quoted a totally OTT figure so that everyone knew I was being sarcastic...

lose
lose
lose
lose
lose
lose
lose
lose
lose

I'll try and remember. Thanks.

izzybusy23 wrote: »

Gosh, you are a happy soul aren't you??

lol I am actually! I'm a very cheerful person :rotfl:They tell me off at work for being too cheerful, especially before 10am. (Apparently it's illegal to say "good morning", and my colleges prefer a mumbled "morning" or a grunt.)

I was just making a point that recession isn't a laughing matter and can cause misery for 1000s, therefore those wishing for a house price crash are, in a way, wishing for recession at the same time, and it's kinda mean to wish bad things on our country.

If you're wishing for a house price crash, you're wishing for the misery that can potentially come with. But so long as people know what they're wishing for, then that's fine.

Debt_Free_Chick

... and this is why we've hived off the HPC posts to "another place"

:rotfl: :rotfl: :rotfl:

BettiePage

izzybusy23 wrote: »

And what an excellent site it is too!!!

It used to be.


http://forum.globalhousepricecrash.com/index.php?act=SF&s=&f=18 allows bulls as well as bears to state their argument. Makes for much more interesting discussion.

Tip: Don't mention GHPC on HPC or you'll find yourself banned. Yes, seriously.