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

Emy1501

Joeskeppi wrote: »

I'm not talking about selling, I'm talking about the venomous posts that get spat at anyone who owns more than one home and lets them out.

Emy's parents have SIX, and it's fine, because deep down they want them to be cheaper, whilst at the same time restricting supply to potential puchasers in the area causing them to be more expensive.

According to Hamish BTl only acounts for about 7% of HPI so my parents selling would have little effect on the market. Also not everyone wants to buy and therefore the rental properties offer these people somewhere to rent.

Can;t remember these posts but me being against people who own BTL

Emy1501

julieq wrote: »

Actually I agree Graham.

But people who profess they believe in protecting the environment don't drive all over it in a fleet of 4x4s spraying it with crude oil, before explaining they managed to get out of BP at full price.

Which is the direct equivalent of what Emy is doing. It's not just having his or her cake and eating it, it's smearing great lumps of it in the faces of everyone else and telling us we're evil for owning a small slice of victoria sponge. Total sociopath.

Incidentally, just to see what we've learned, what sets market prices? And is it possible to build houses without decreasing prices?

Sorry when I said your evil? I said I do not believe excessive HPI is good for the ecomony. I have seen no real benefit from my Parents BTL's. The question was not about whether they were morally right or not or whether you are for wanting excessive HPI. The point was they own property and would like prices to fall I suspect for the benefit of their children.

The notion that I should ruin my childrens future for some do good cause is a nonsense. I'm not and have not suggested that i'm out to save the future generations personally I will always put my children before others because thats how the world works.

I simply believe we would live in a better world if there was no rampant HPI you believe differently not saying I'm right and your wrong its just an opinion.

Graham_Devon

julieq wrote: »

Actually I agree Graham.

But people who profess they believe in protecting the environment don't drive all over it in a fleet of 4x4s spraying it with crude oil, before explaining they managed to get out of BP at full price.

No, it's not likely they do.

But they probably do use planes. They probably do drive to work. They probably do upgrade their TV as they want HD.

They probably buy lots of things, which goe's totally against their moral stance, because doing anything else would see them living in a field, digging mushrooms from the ground and drinking water from the nearby brook.

They still need to make a living, they still need quality of life. It's just they don't like to see people driving 12mpg 4x4 cars.

In this respect, people can still buy houses as investments. Just as a person who believes planes are bad, gets on a plane. You could call them hypocritical if they then proceeded to do and say anything possible to increase their value. Or, they buy a place for a quick buck. If they literally keep them for years as an investment for their family, and sell them off at market value, maybe accepting a decent offer, it's very different to those who went into the market solely for the gains, using self cert mortgages to get as much as they can....pumping the price up as soon as the LHA increase to it's maximum level....talk about chucking tennants out as soon as that LHA is reeled in etc etc

Just because you believe in something, it does not mean you have to go round shooting yourself in the foot several times over to prove your point. Why? Because it will get you absolutely no where.

As I said, the point you are all banging on about is purely moral highground stuff.

Emy1501

Graham_Devon wrote: »

No, it's not likely they do.

But they probably do use planes. They probably do drive to work. They probably do upgrade their TV as they want HD.

They probably buy lots of things, which goe's totally against their moral stance, because doing anything else would see them living in a field, digging mushrooms from the ground and drinking water from the nearby brook.

They still need to make a living, they still need quality of life. It's just they don't like to see people driving 12mpg 4x4 cars.

In this respect, people can still buy houses as investments. Just as a person who believes planes are bad, gets on a plane. You could call them hypocritical if they then proceeded to do and say anything possible to increase their value. Or, they buy a place for a quick buck. If they literally keep them for years as an investment for their family, and sell them off at market value, maybe accepting a decent offer, it's very different to those who went into the market solely for the gains, using self cert mortgages to get as much as they can....pumping the price up as soon as the LHA increase to it's maximum level....talk about chucking tennants out as soon as that LHA is reeled in etc etc

Just because you believe in something, it does not mean you have to go round shooting yourself in the foot several times over to prove your point. Why? Because it will get you absolutely no where.

As I said, the point you are all banging on about is purely moral highground stuff.

If the government brought in a rule that limited people to 2 homes I would support it even though prices would fall and in the lng term it would effect me. On the other hand, if I thought there was going to rampant HPI over the next 10 years and someone gave me a 100K I would go out and buy 3 or 4 BTL's tomorrow to protect my family sure I would. One person can't change the world and my family comes before morals.

There is greed in all of us brought to me by the world we live in but some are more greedy than others. It one thing wanting something to happen and other doing something so you can live a reasonable life.

Also as I say my comments are my own opinion and not saying I'm right or wrong about anything. Maybe if I did not have kids I would want rampant HPI who knows.

We are all greedy in our own way

lewisa

Emy1501 wrote: »

If the government brought in a rule that limited people to 2 homes <snip>

...Companies House would be very busy for a couple of months and not much else would change.

julieq

Emy1501 wrote: »

If the government brought in a rule that limited people to 2 homes I would support it even though prices would fall and in the lng term it would effect me. On the other hand, if I thought there was going to rampant HPI over the next 10 years and someone gave me a 100K I would go out and buy 3 or 4 BTL's tomorrow to protect my family sure I would. One person can't change the world and my family comes before morals.

There is greed in all of us brought to me by the world we live in but some are more greedy than others. It one thing wanting something to happen and other doing something so you can live a reasonable life.

Also as I say my comments are my own opinion and not saying I'm right or wrong about anything. Maybe if I did not have kids I would want rampant HPI who knows.

We are all greedy in our own way

You are greedy. And you're a flaming hypocrite. But please, don't try to tar others with the same brush just to feel good about the way you behave. HPI has set you and your children up for life, and claiming you don't like it dust doesn't wash. Special pleading to the nth degree.

If you want house price deflation then get on and start it yourself.

Emy1501

julieq wrote: »

You are greedy. And you're a flaming hypocrite. But please, don't try to tar others with the same brush just to feel good about the way you behave. HPI has set you and your children up for life, and claiming you don't like it dust doesn't wash. Special pleading to the nth degree.

If you want house price deflation then get on and start it yourself.

Maybe you can explain to me where HPI has set me and my children up for life? my parents money is not my own. Who knows what will happen to them or their money in the future. There is no guarantee I or my children will get their money and who know what the properties they own in the future will be worth. At the moment I'm struggling like most other young people to afford a reasonable house for my family and before you say maybe I should ask my parents for money I would like to get on in life myself.

I have seen no benefit from HPI in my life so far. Also maybe you can explan to me where I have said I want deflation? As i have said before seems like I have touched a nerve, maybe I am a hypocrite but I notice so far you have only offered personal attacks with no other explanations. The question from Sibley was he does not know anyone with a home who wanted prices to fall. I pointed out I did. I never suggested it was morally right or I or the person who wanted it was better than anyone else.

A certain amount of greed is good. I would not be in a job if someone who had not wanted to make lots of money had not started up a company and its the same for other. Greed often drives people to sucess and a certain amount of it is good. Where people though take on lots of debt and then default to try and support their greed or where the banks have exploited peoples greed is not a good thing in my opinion. I have come across people on HPC who have STR'd with 750K sitting in the bank wanting prices to fall by 50% at the same time there are people on here with 2+ homes who want rampant HPI because they have no kids etc. For me both sets are excessively greedy nothing realy wrong with that though as they are looking out for number one and both may have genuine reasons as to believing why want they want is good for the economy.

Now forget my parents for a minute and explain to me why rampant real term HPI is a good thing taking into account the fact that only 70% of the poulation own, few people own more than one house and few will realise their wealth before thy die. Then take into account that the generations behind them are borrowing more and more money which they don't have to fund buying etc. It looks like the CC in the US was started like this way and apart from the banks few other benefit from it.

chucky

it's funny that all that these characters that are one here want lower house prices but don't want to sell their house for anything less than 2007 peak prices.

hypocrites

Emy1501

chucky wrote: »

it's funny that all that these characters that are one here want lower house prices but don't want to sell their house for anything less than 2007 peak prices.

hypocrites

My property was valued at 300K in 2007 recently sold for 250K within a week. Of course I want lower prices in real terms rather than actual drops.

chucky

Emy1501 wrote: »

My property was valued at 300K in 2007 recently sold for 250K within a week. Of course I want lower prices in real terms rather than actual drops.

it's fine Emy - it's not us that you have to convince. it's all good.

just remember that your parents owning 6 properties is taking properties out of the supply and restricting people buying their own property and obviously increasing prices.

as long you're comfortable with making property more expensive that it should be for you're children and then your children's children that's all that matters...