Looking on the positive side: Why falling house prices are a good thing

julieq

Guessing that buying was "the worst financial decision" Emy and her parents ever made Graham. That's usually enough to get bear forgiveness for saying one thing and doing another. Which is the textbook description of a hypocrite.

Next bear to say they want prices to reduce for the general good of those who can't buy had better turn up with a signed affadavit saying they're not actually going to in the event find a lovely house that's perfect for their family and despite prices being on the way down when whatever the double whammy du jour is kicks in this time next year they decided to buy anyway.

Which a whole procession of the selfish hypocrites have been doing.

Exocet

julieq wrote: »

Next bear to say they want prices to reduce for the general good of those who can't buy had better turn up with a signed affadavit...

I'd like houses to fall back to normal levels because I won't be able to afford to bail out my children when they want to buy. The price of my own house makes no difference to me, it's not money I can put in the bank, all other houses are relative to it, so I see no financial gain whatsoever.

I am not too sure how to do the HTML thing to give you an affadavit.

JonnyBravo

Exocet wrote: »

I'd like houses to fall back to normal levels because I won't be able to afford to bail out my children when they want to buy.

You shoulda got a BTL.... license to print money [STRIKE]mewbs[/STRIKE] mate. Honest it's great. You sit on your !!!! and someone else pays for your kids and your champagne.

:beer:

chucky

Exocet wrote: »

I'd like houses to fall back to normal levels because I won't be able to afford to bail out my children when they want to buy. The price of my own house makes no difference to me, it's not money I can put in the bank, all other houses are relative to it, so I see no financial gain whatsoever.

that's all really nice.

why don't you sell you house for 3 times average wage now and set the example to everyone that you want to do a bit more than rant on a forum about houses and going back to normal prices

or

the other option is not sell your house because you want to get as much money as possible when it comes to selling it because that doesn't contribute to HPI does it....

Exocet

JonnyBravo wrote: »

You shoulda got a BTL.... license to print money [STRIKE]mewbs[/STRIKE] mate. Honest it's great. You sit on your !!!! and someone else pays for your kids and your champagne.

:beer:

I don't drink champagne. But neither do I have to worry about someone else's light bulbs. So its swings and roundabouts really.

JonnyBravo

Exocet wrote: »

I don't drink champagne. But neither do I have to worry about someone else's light bulbs. So its swings and roundabouts really.

That's fair enough. It's clearly not for everyone.
(Thank goodness - think how worried us landlords would be if we were all landlords!!!)
I'll make sure I toast your health tonight anyhow.
:beer:

Dirk_Rambo

nearlynew wrote: »

..* bump *

bumpety bump

wymondham

Joeskeppi wrote: »

It seems people want house prices to fall, but not THEIR OWN house, no sirreee, that would be ridiculous.

I'll buy their spare houses for 50% off the valuation, then everyone is happy!

I refer you to post #10 ...

treliac

Joeskeppi wrote: »

It seems people want house prices to fall, but not THEIR OWN house, no sirreee, that would be ridiculous.

I'll buy their spare houses for 50% off the valuation, then everyone is happy!

wymondham wrote: »

I refer you to post #10 ...

wymondham wrote: »

Not Here!!

I benefit nothing by my (mortgage free) house increasing in value as it's not in isolation. Maybe if oil was discovered in the garden it would be a different matter!

I would be happy if it were the same price today as it was when I bought it (£36k!)

Prices need to drop so standard people on standard wages can afford a standard house. simples!

I agree with your sentiment. The HPI in my house is not something I can touch or use, it's just a number. When I move, prices will all be relative. A next move could be to downsize and I could theoretically lose out. That's fine as I didn't take on a mortgage to earn myself a pension and, at this stage in my life, I'm more concerned about the future my children will have and the lower prices are, the better it will be for them.

nembot

Sibley wrote: »

The only people who dont want property to rise dont own.

I think it's seeing your asset has risen. Your future is much better.

Yeah, you're absolutely right.

/sarcasm