Moneyweek: Why this housing crash could be worse than the 1990s

skap7309

HAMISH_MCTAVISH wrote: »

Nah. They're not that smart.

They are professional victims in most cases.... You know the kind, they spend all their time whining about how they've been hard done by instead of just getting on with life and bettering their situation.

They are misguided enough to believe that posting on a web forum can impact prices.

Truly deluded. The recovery will continue no matter how much they moan about it.

Hamish, i have been reading this thread and have been pleasantly surprised by your thoughtful, educated and neutral posts - ive certainly not seen any of these :beer::beer::beer: for a while. So much so i was going to comment on it.

But alas, your standard way of posting rears its ugly head and i sigh once again at the drivel that is on my screen.

The bold parts in order - 27, close to buying a large 3 bed semi / detached and will have paid off over 30% of its value before ive even moved in - 'If i had got on with my life' i would be sat in a pokey 1 bed flat. Life is 'bettered', thanks. (:beer::beer:)

And most hypocritical post of the decade goes to - you are one a one man mission to post as many threads as humanly possible about the mini recovery.

carolt

Just thought I'd bump this thread for fun.

chucky

thanks for the bump 'just for fun' - it's hilarious looking at the nonsense some people have posted.

!!!!!!? wrote: »

That means anyone who bought in the last two or three years could find their monthly payments almost doubling. :eek:
Why do you think people here have been warning others not to buy????

sorry Mr !!!!!! - mortgage payments have probably more than halved for a very large number/majority of people.

looks like you've got it horribly wrong... :rolleyes:

mewbie_2

chucky wrote: »

thanks for the bump 'just for fun' - it's hilarious looking at the nonsense some people have posted.

It would have been fun to bump your early posts - but you seem to have deleted or edited a lot of them.

chucky

mewbie wrote: »

It would have been fun to bump your early posts - but you seem to have deleted or edited a lot of them.

debate the facts and not your stupid accusations of posts being deleted because you don't have the inteligence nor the knowledge to do so.

never mind, at least you're craving for forum approval by getting your posts thanked...
btw i can see you throwing your toys thrown out of the pram again soon....

carolt

dopester wrote: »

Lorry drivers and senior secretaries of the UK, you can rejoice... Hamish reckons it's safe and a good idea for you to go buy a house at these price levels today.

Teachers add a few more BTLs to your portfolios and take advantage of the 2007 dip in prices before the mini-boom resumes in full.

Hamish.. all of these positions are in my view going to take a total kicking with further job cuts, pay-cuts and fierce competition for remaining jobs.

It might be just £120K for a house (dive) in some areas... where your "little £40K joint-earners" can buy without stretching themselves too much. It doesn't mean the value can't fall significantly from that "tiny" £120K of value amount as deflation kicks in.

Yes they might not be badly hurt in the meantime if they pay off much of the £120K with current salary expectations before the worse hits... but they'll still be left with a house worth a lot less than £120K if things work out as I expect them to.

Hamish's example of the pair of teachers on 60K between them was interesting - not unrealistic, assuming they're both young and don't have children yet, although if they do, the chances are their incomes would fall for some years, either through lower earnings or childcare costs or both.

Assuming they keep their jobs and wish to have children at some point (to give them the benefit of he doubt, they don't already).

And now - here's the killer - they live in or near London.

This is where problems occur. How much of a house are they going to get for a mortgage of 180K, plus deposit? Let's give them a deposit equal to a year's earnings - pretty good for a pair of people on not massive salaries.
What kind of family home are they going to get for 240K in London?

Ermmm....none. They might find a 2 bed flat somewhere, but hardly a family home.

And let's hope for their sake that they don't have any urge to give up work to stay home with the kids, and that interest rates don't rise too high.

Or their 2-bed flat - with kids in the second bed, shame they can't afford a garden - gets rather pricey.

Obviously, pricing all teachers out of London may appeal to Hamish, as he doesn't live there.

Doubt it's so appealing to those who actually have children at school there, though. :eek:

mewbie_2

chucky wrote: »

debate the facts and not your stupid accusations of posts being deleted because you don't have the inteligence nor the knowledge to do so.

never mind, at least you're craving for forum approval by getting your posts thanked...
btw i can see you throwing your toys thrown out of the pram again soon....

The facts are that a while back when I looked at your early posts I could see you had edited a lot of them. You may well have deleted them altogether now, which would be a more intelligent way of hiding stuff.

It would have been fun to see what you were so ashamed of.

Please debate as you see fit.

chucky

mewbie wrote: »

The facts are that a while back when I looked at your early posts I could see you had edited a lot of them. You may well have deleted them altogether now, which would be a more intelligent way of hiding stuff.

It would have been fun to see what you were so ashamed of.

Please debate as you see fit.

lol, how sad.. you went through around 4,000 posts comparing posts to threads....
you should spend more bonding time with your family, you might enjoy it... :eek:

mewbie_2

chucky wrote: »

lol, how sad.. you went through around 4,000 posts comparing posts to threads....
you should spend more bonding time with your family, you might enjoy it... :eek:

Ouch. But it was worth it in your case to see what you were at. For a while you had me confused, I thought you were a genuine sort of person. But spending a while looking at pattern of posting, the phrasing used, the log in times, the subject of attacks was time well spent. Now I am content in my knowledge of what you are and how much your words actually mean.

chucky

mewbie wrote: »

Now I am content in my knowledge.

well done :T
maybe now you can be happy and content that you have achieved somthing in life