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Debate House Prices
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Looking on the positive side: Why falling house prices are a good thing
Comments
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I'm sorry, you really are a disgrace. You have parents with their snouts deep in the property speculation trough - and yeah right, they DEFINITELY want prices to reduce for other generations, that's why they're pocketing 90% capital growth and 5x average rental monthly income, I bet I'd be able to afford a social conscience on that sort of money - but you're perfectly happy to justify what they're doing even if they don't match their warm words with substantive action.
And you dare come here and lecture other people on the evils of HPI.
Nothing wrong with being a BTL landlord. It's a form of investment. No problem with parents passing on the benefits of their investments to their children or onwards to grandchildren. But I really do have a bit of a problem with someone who wants it every way possible, a reduced cost house, wealthy parents, and wealthy children. It's hypocrisy on the grand scale.
If you want to reduce HPI, then start yourself. Persuade your parents to sell at a discount. Sell at a discount yourself. Rather than hoping that other people will suffer the misery of negative equity so you get what you want.
They have not pocketed any growth. It does not exist until you sell. If you think I going to go on a one man crusade to lower HPI at the cost of my children then you are thick.
If everyone is happy to do it then I'm happy even though I stand to lose more than most.
You simply dont seem to get that I'm not as greedy as the likes of you.
If house prices fell 50% and I got no inheritance I would not have problem with it. But you expect me to give away my house and HPI to continue:rotfl:0 -
They have not pocketed any growth. It does not exist until you sell.
That means it exists then, Can they remortgage against value?
Just because a value is on paper it does not mean it does not exist.
If it did you would be fairly peed off everytime you got a bank statement saying you had £XXXX, but every time you went to the cash point it said you had no money.0 -
really Emy.... i think you're getting caught up in your little moral spider web you've created...You simply dont seem to get that I'm not as greedy as the likes of you.
back in Feb 2009 you said this...
http://forums.moneysavingexpert.com/showpost.html?p=18385509&postcount=1166Put a property on last week and had an offer yesterday at 20% below asking price. I'm in no hurry to sell as do not need to sell to buy as I only part own the house.
but you still want to hold out for the full asking price in June 2010 - that's 14 months later.... which is fair enough but contradicts you not being greedy...
https://forums.moneysavingexpert.com/discussion/comment/33692775#Comment_33692775I have had an offer on mine at about 6% below asking and I'm looking for an increase of about 4%. Mines only been on for days though and bog standard terraces like mine seem to be sellingquickly because of the stamp duty issue I assume.
you'll find Emy - the greedy one is you....0 -
That means it exists then, Can they remortgage against value?
Just because a value is on paper it does not mean it does not exist.
If it did you would be fairly peed off everytime you got a bank statement saying you had £XXXX, but every time you went to the cash point it said you had no money.
Of course they can at maybe 5-7%. Cant remember the last time the bank charged me 5-7% a year to withdraw my own money0 -
really Emy.... i think you're getting caught up in your little moral spider web you've created...
back in Feb 2009 you said this...
http://forums.moneysavingexpert.com/showpost.html?p=18385509&postcount=1166
but you still want to hold out for the full asking price.... which is fair enough but contradicts you not being greedy...
https://forums.moneysavingexpert.com/discussion/comment/33692775#Comment_33692775
you'll find Emy - the greedy one is you....
We are having to borrow at 3-4X joint salary to buy and you expect me to sell my house at 20% below what its worth to then buy at asking price?0 -
no not at all - but you are being greedy...We are having to borrow at 3-4X joint salary to buy and you expect me to sell my house at 20% below what its worth to then buy at asking price?
why don't you buy a house that is 20% less or is the greed to have a bigger house or a house in abtter area the important thing?
nothing wrong with that at all - but don't try and tell everyone that you're not greedy.0 -
no not at all - but you are being greedy...
why don't you buy a house that is 20% less or is the greed to have a bigger house or a house in abtter area the important thing?
nothing wrong with that at all - but don't try and tell everyone that you're not greedy.
I have 3 kids so need a 3 bed house. One child has SN so needs to be near the only suitable school in the borough and now I'm greedy:rotfl:0 -
I'm sorry, you really are a disgrace. You have parents with their snouts deep in the property speculation trough - and yeah right, they DEFINITELY want prices to reduce for other generations, that's why they're pocketing 90% capital growth and 5x average rental monthly income, I bet I'd be able to afford a social conscience on that sort of money - but you're perfectly happy to justify what they're doing even if they don't match their warm words with substantive action.
And you dare come here and lecture other people on the evils of HPI.
Selling those houses at below cost, would not even make a mark on HPI.
All it would achieve is Emy's kids end up with less, as does Emy.
Absolutely no one would do this. Selling at market value, or dropping to a reasonable offer is one thing.
Selling 50% off market value is categorically stupid.
I realise this is more a moral high ground issue which you have taken up, but to actually assume anyone would do this because they believe prices on the whole should be lower is somewhat misguided, though does make for a fantastic witch hunt.0 -
Typical of some in this forum - I will not sell for 1p below the asking price but when im buying I expect 20% min knocked off!0
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you're the one claiming the moral high ground about BTL, HPI and then defending your parents owning a large number of properties.I have 3 kids so need a 3 bed house. One child has SN so needs to be near the only suitable school in the borough and now I'm greedy:rotfl:
why don't you just sell your house at that mythical correct value for a house of 3 times average salary instead of trying to hold out for every single penny that you've held out for in the last 18 months...0
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