Why are some people on here being so nasty?

magicdogsbrain

Anyone tried this...

http://www.allagents.co.uk/calculator/mortgage-rent/

dopester

UK007BullDog wrote: »

If it was not for the collapse of the US housing market, over here the house prices would still be rising.

Doubt it somehow. Why would they be rising?

Where would the money be coming from for even greater sums
for the banks to lend out?

And you are wrong about rents. They are mostly static or falling.

Supply and demand, but demand also relies on the ability to pay.

When banks can't afford to lend out ever greater sums... demand falls,
and so do asking prices.

An acceleration in mortgage debt growth
leads to an acceleration in home prices.

A slowdown in mortgage debt growth leads
to falling home prices.

Graph: http://img508.imageshack.us/my.php?image=tgrgraphyzr8.jpg

dopester

Dithering_Dad wrote: »

Have they?

Evidence please!

Slow loading but worth it.

http://img171.imageshack.us/my.php?image=tgr1aaiw7.jpg

http://img398.imageshack.us/my.php?image=tgr1bqh7.jpg

http://img528.imageshack.us/my.php?image=tgr1cyj5.jpg

http://img58.imageshack.us/my.php?image=tgr1dxr4.jpg

mean_momma

For every loser (financial - no offence intended!) who bought at the peak, there must be a lot more winners who bought even up to 18 months ago - unless, of course, they used their house to raise money for other purposes.

My first time buyer son at last has a ray of hope that he might just be able to afford a place of his own. Makes a change from the gloom and despair in that household, while buy- to- letters made merry. As mentioned by other posters, he was beginning to feel a fool for being cautious, not wanting to speculate by borrowing more than he could afford.

The recent scenario takes me back to the greed-is-good '80s, and we know what happened after that. I just wish that the government would reduce stamp duty substantially for main residences and clobber property speculators, then the housing market would soon find it's level.

LillyJ

Turnbull2000 wrote: »

Ahh, I see. So it's no longer about buying three years ago and missing out, it's now about buying 10 years ago and missing out. Age doesn't even come into it. Daily Express-like logic at it's finest!

Pretty hypocritical to call another poster obsessed when you yourself frequent the forum. I gather you've already bought yes, with a long-term view to simply sitting out the peaks and troughs. Correct me if I'm wrong here, but if this is true, why the need to post in this forum? Brit1234 clearly has an interest in the market cycle as he's yet to buy, whereas you don't.

Just how many people do you think sat out the 90's boom and crash, only to think they'll hold on while longer and find themselves still stuck renting in 2008? "Oh sh*t, that's two booms I've missed out on. Third-time lucky eh!". That's a ridiculous argument.

People are realising they don't have to "think" there's a few grand to save, they know there's a few grand to save. Well, tens of thousands actually. So with a much smaller mortgage, how will they be wasting their life exactly? They'll likely have more opportunities to live it up more than anything. Greater disposable income etc. Or does not having a hefty mortgage = no life?



You for bloody real? :rotfl:

Errrmm yes.
I am 23, so you can't use the age argument on me.
And no, I haven't bought yet (well I will have in a week and a half, so might not be on here any more.). I actually came on here to get practical advice on buying a home, but I stopped bothering cos all you get is abuse. It's just obstructive to the actual advice that is around.
Blah blah blah you are going to have a hefty mortgage, yeah whatever. I am not stupid and I earn more than enough (in fact more than twice as much) than is needed to pay for my house. I pay that in rent now, so I KNOW I can afford it, I don't just THINK it. And believe me we aren't short of disposable income either at the moment.

Brit isn't just out to work out the best time to buy, but to berate any one who has bought in the past 2 years (which is clearly not necessary), and only to buy when prices have dropped 60% or whatever figure they have picked out of the air today. And they won't buy until that happens, spending their whole life worrying about it.
I have said before I have no issue with people planning to rent for life if that is what suits them (my grandparents did it) nor waiting to buy if they can, but to act as if they made an amazing life decision a few years ago when others just put a gun to their own head, when in fact it was mainly luck, is just wrong.

Like a previous poster said, there were a lot of people who said in 2000 "There's a crash coming, don't buy now". Bet they regret that. Now may not be a good time for alot of people to buy, but to claim that you foresaw the future is silly.

And I don't know why you highlighted that little bit about buying to save money, yes, that is what Brit is doing, they will ONLY buy when they feel they have saved enough money to justify the worrying they have done about houseprices.

You may think I am stupid, but if our plan works, we could be mortgage free in 5 years (by age 28), with no rent or anything else to pay. Even if I could have saved up and done that anyway, I wouldn't have had the satisfaction of having kids somewhere where I feel secure and happy.

PS I have rented for 7 years so don't tell me it's all fun and games.

Turnbull2000

LillyJ wrote: »

Errrmm yes.
I am 23, so you can't use the age argument on me.
And no, I haven't bought yet (well I will have in a week and a half, so might not be on here any more.). I actually came on here to get practical advice on buying a home, but I stopped bothering cos all you get is abuse. It's just obstructive to the actual advice that is around.
Blah blah blah you are going to have a hefty mortgage, yeah whatever. I am not stupid and I earn more than enough (in fact more than twice as much) than is needed to pay for my house. I pay that in rent now, so I KNOW I can afford it, I don't just THINK it. And believe me we aren't short of disposable income either at the moment.

Brit isn't just out to work out the best time to buy, but to berate any one who has bought in the past 2 years (which is clearly not necessary), and only to buy when prices have dropped 60% or whatever figure they have picked out of the air today. And they won't buy until that happens, spending their whole life worrying about it.
I have said before I have no issue with people planning to rent for life if that is what suits them (my grandparents did it) nor waiting to buy if they can, but to act as if they made an amazing life decision a few years ago when others just put a gun to their own head, when in fact it was mainly luck, is just wrong.

Like a previous poster said, there were a lot of people who said in 2000 "There's a crash coming, don't buy now". Bet they regret that. Now may not be a good time for alot of people to buy, but to claim that you foresaw the future is silly.

And I don't know why you highlighted that little bit about buying to save money, yes, that is what Brit is doing, they will ONLY buy when they feel they have saved enough money to justify the worrying they have done about houseprices.

You may think I am stupid, but if our plan works, we could be mortgage free in 5 years (by age 28), with no rent or anything else to pay. Even if I could have saved up and done that anyway, I wouldn't have had the satisfaction of having kids somewhere where I feel secure and happy.

PS I have rented for 7 years so don't tell me it's all fun and games.

Yes I can. You implied that wanting to buy a home as cheaply as possible is somehow immoral. And where did I say I think you're stupid? Sounds to me like you're managing quite nicely.

LillyJ

Turnbull2000 wrote: »

Yes I can. You implied that wanting to buy a home as cheaply as possible is somehow immoral. And where did I say I think you're stupid? Sounds to me like you're managing quite nicely.

No I didn't suggest it was immoral, but that sometimes it is easy to lose sight of what is important in life and only be worried about the money, much like some people who bought on the up.

I wasn't implying you said I was stupid, but Brit has used the words "idiot" and "stupid" to describe people who have bought over the last 2 years, which is unfair.

I am lucky in that I live in what I would describe as an affordable area, have a partner and have 2 good incomes in the family, with increase in monthly payments from renting to mortgage. I would in no way suggest people go out and buy right now, unless they have a reason to. It is just this business of assuming that everyone who buys now will be in some form of financial difficulty or that everyone will be struggling to meet mortgage repayments, when it simply isn't true.

I have no issues with people waiting for a cheaper house, my own sister is doing the same thing as the time isn't right for her and she lives in London so (although she earns an excellent wage) the affordability issue is a problem, and rents are also cheaper than mortgages.

ler01kjh

Why are people so nasty? Because they point out that individuals have been stupid, and don't want to admit how stupid they are.

neverdespairgirl

borntobefree wrote: »

The point I'm trying to make is that being out of the market for 4 years waiting for values to fall may have been pointless if when you enter the market interest rates are high..

Not if you have a decent deposit.

neverdespairgirl

UK007BullDog wrote: »

Here in London the rents are going up and people will soon feel the pinch there too. People on 6 months leases could soon find themselves outpriced too when the landlord increases the rents.

When you say, "here in London", I'm not with you. In central London, rents are static.