Never mind the house prices, I'm saving a deposit.

bryanb

Still basically true though, It was lighthearted to begin with but folks responded more seriously. Must have touched a nerve or 2

Running_Horse

bryanb wrote: »

I look forward to hearing from the others that I mentioned as against a crash, I fear they may not be as philosophical as you.

What the others think about a crash is irrelevant. It will or won't happen for economic reasons, not because EAs, govt, surveyors, valuers, BTLers or homeowners do or don't want it. Also, it won't happen because enough people argue for it on an Internet message board. That is simply not how it works.

bryanb

The organisations listed do have some input into the economy, IMHO

busy_bee_7

Running_Horse wrote: »

What the others think about a crash is irrelevant. It will or won't happen for economic reasons, not because EAs, govt, surveyors, valuers, BTLers or homeowners do or don't want it. Also, it won't happen because enough people argue for it on an Internet message board. That is simply not how it works.

Well said RH. However...


I was reading all your posts on the subject of housing market crash with interest. The more I think about it the more it seems to me that waiting for the crash might be like “Waiting for Godot” who never arrives…
(A tragicomedy and if you did not read it you really should! It’s just like real life!)
So based on that literary experience I give the crash few more years!:rotfl:

And while we are waiting for it to happen (or not) we should just get on with our lives, or in some cases TRY to get on with our lives. We should just do the best we can.
I think that it is not significant whether the crash happens or not, but the fact that so many people are waiting, hoping and depending on it as the only way of buying their own house!
Most of us are just hard working, law abiding people; we pay our taxes, etc. At the end of the day we just want to go home, to a place we can call our own -without being forced to work 24/7, without scarifying family life or having no life at all.
Is it not a simple human right?

As long as GREEDY people consider houses as an investment rather than a place to live, things will not change much.

Thoughtful today Busy Bee
:beer: Cheers!

Running_Horse

Ah, my 3rd favourite play. Got this clip on my Youtube favourites:
http://www.youtube.com/watch?v=PmoDMdLoUZw

Lets be honest, most of those hoping for a crash are being a little hypocritical. They don't want prices to fall indefinitely, just long enough for them to buy a house, then to rise, even if it means others are priced out again. Unfortunately, one side effect of any crash is developers will build less new houses. Another is, a new generation of BTL landlords will be waiting in the wings. Although even those priced out will never freeze or go hungry.

We are lucky to have the house we want, and the only thing that matters is, can we afford the mortgage payments? No doubt my outlook would be different if I hadn't stretched to buy a place all those years ago. But I did. Such is life.

born_again_saver

Running_Horse wrote: »

Lets be honest, most of those hoping for a crash are being a little hypocritical. They don't want prices to fall indefinitely, just long enough for them to buy a house, then to rise, even if it means others are priced out again.

I think a lot of us who are waiting for prices to fall really just want a roof over our heads which we can call our own and think of as home. I'm beyond caring about the actual price, as you say yourself all that really matters is that you can afford the mortgage. I cannot afford one yet, hence all the effort to save up as you and others have done to buy a home.

Renting in this country is insecure and I can understand the desperation especially of those with children. It's pretty usual to get no more than a six or twelve month rental contract (AST), and so a landlord can decide to sell and move you out easily with 2 months notice. When you've been moving around the rental circuit for some time it gets tedious, especially the unwanted upheaval of having to move on from a rented home you're comfortable in at a time not of your own choosing. Sure, this flexibility works both ways, and as a tenant it is easy to move on if you want or need to which is one benefit. But lots of people renting want security not flexibility, for example they want to know that their children's schooling won't be interrupted by house moves. I think these kinds of concerns are far more on people's minds than hoping for future price rises.

Of course priced out people won't freeze or go hungry. Unless they end up in a rented place which has inadequate heating (which they're at the mercy of the landlord or agent to decide to fix), or they're saving so hard for a deposit that they cannot afford to eat properly.

IveSeenTheLight

busy_bee wrote: »

Most of us are just hard working, law abiding people; we pay our taxes, etc. At the end of the day we just want to go home, to a place we can call our own -without being forced to work 24/7, without scarifying family life or having no life at all.
Is it not a simple human right?

As long as GREEDY people consider houses as an investment rather than a place to live, things will not change much.

Thoughtful today Busy Bee
:beer: Cheers!

It is good that you are a law abiding, hard working, tax paying person.
I also understand how you desire to be able to go home to a place you can call your own, however..........

I am in the same position as you, work hard, pay my taxes, law abiding citizen and I have (and many of my friends have) managed to buy a home to live in.
We worked our way up the system (I'm only 34) and possibly could be mortgage free this year.
I would also be one of those greedy people you refer to as I have bought another property to rent out as a BTL. Why did I do this? I bought it because of the uncertainty with future pensions.
The economic well being of people means that we have to provide for ourselves and our family.

I do not believe this is to the detrimant of FTBers as in the city I have bought property, there are many houses and flats which are not occupied and could be bought relatively cheaply to provide a home for ones family.
There is no housing shortage, maybe just a shortage of properties that people are willing to move into

It may be where you live and I'm not trying to critisize you or your situation, but I do not understand why people say it is so hard / impossible when it is possible to do.

I really do believe that because of easy credit in the last 15-20 years, that people believe this is the norm and moan about how it is now harder for them.
the truth is that the credit situation is not a crunch but a return to the norm of having to save for a substantial deposit befor eyou can buy a property

I do wish you all the best

IveSeenTheLight

born_again_saver wrote: »

Renting in this country is insecure and I can understand the desperation especially of those with children. It's pretty usual to get no more than a six or twelve month rental contract (AST), and so a landlord can decide to sell and move you out easily with 2 months notice. When you've been moving around the rental circuit for some time it gets tedious, especially the unwanted upheaval of having to move on from a rented home you're comfortable in at a time not of your own choosing. Sure, this flexibility works both ways, and as a tenant it is easy to move on if you want or need to which is one benefit. But lots of people renting want security not flexibility, for example they want to know that their children's schooling won't be interrupted by house moves. I think these kinds of concerns are far more on people's minds than hoping for future price rises.

You rightly state that the security goes both ways.
As a LL, if I have good tenants who pay on time and look after my properties I would gladly sign the tenants up for a long secure time.

The question is would tenants be happy to secure a property for more than 1 year i.e. 2, 3, 5 years?

SquatNow

Don't worry in a few years £20k will buy you a nice 2 bed semi.

IveSeenTheLight

SquatNow wrote: »

Don't worry in a few years £20k will buy you a nice 2 bed semi.

Do you honestly believe this?
Do you really think your posts give you any sort of creditibility?

I guess you have an out as you have not quoted which country this is for.