RomanWall

Inside The 'house Price Crash' Community

103 posts in this topic

as for the original link and comments. dont waste your time on these people.

in their world black is white and bad is good. your wasting your time.

ignore them. the opinions they hold are extinct.

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as for the original link and comments. dont waste your time on these people.

in their world black is white and bad is good. your wasting your time.

ignore them. the opinions they hold are extinct.

There will be many who will be reading that article (who aren't "regulars" of that site) who can be "turned" though.. ;)

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Sibley has posted a comment!! :lol::lol::lol:

So he has, usual Sibley misinformation :rolleyes:.

He's trying to ignore the fact that many here are potential cash buyers who are waiting for value for money ;).

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In counterbalance to his one-dimensional portrayal of us, I will stick my hand up as a middle aged homeowner (mortgage paid off) who would dearly love to move house.

You could say I'm just the sort of person people on here (like myself?) 'show no sympathy for.' OTOH, you could say that I'm someone who has actually thought about the economics, politics and social implications of the housing bubble and am cheering on it's end.

My understanding is that there are many on here who fall into this camp.

+1

It was a sense of 'something not being right' that brought me here all those years ago. It was a revelation.

Someone on there pretending to be Realist Bear? (comments a bit out of character?)

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From the 'Blog' page...

http://www.mindfulmo...-community.html

It's obviously immoral and wrong to want affordable housing. Have some sympathy for the boomers and BTL'ers, please.

I believe comments are allowed....

Utter nonsense.

Yes, people on this site would like house-prices to be lower but that's not all.

The topics on economics and politics are always interesting and anyone putting forward an argument on any subject can expect to be pretty well grilled on it from both the left and the right.

Yes, most people find it amusing when someone can't get £1 Million pounds for their mock-Georgian McMansion in Essex; but I find that usually, there is a lot of sympathy for the families of the greedy / naive / people who overborrowed and now can't sell for less.

Generally the HPC guns are pointed at the system and the various shills and con-artists who make it and not its victims.

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In case you're wondering, here's the guy who runs the site (on behalf of the banks who fund it).

Stephen-Fitzpatrick_bw.jpg

Yeah, I'm really gonna look to him for sound financial advice.

Who the F**K is that freak? WHAT is his NAME??

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There will be many who will be reading that article (who aren't "regulars" of that site) who can be "turned" though.. ;)

no they cant. its a case of if you own a house already your against it, if you havent your for it.

the thing in question is called fairness.

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Utter nonsense.

Yes, people on this site would like house-prices to be lower but that's not all.

The topics on economics and politics are always interesting and anyone putting forward an argument on any subject can expect to be pretty well grilled on it from both the left and the right.

Yes, most people find it amusing when someone can't get £1 Million pounds for their mock-Georgian McMansion in Essex; but I find that usually, there is a lot of sympathy for the families of the greedy / naive / people who overborrowed and now can't sell for less.

Generally the HPC guns are pointed at the system and the various shills and con-artists who make it and not its victims.

I agree, I have been reading this site since 2004, despite registering and starting to post later than that. In the early days a lot of the threads were ridiculous ('It was a bit quiet on the High Street on Saturday, so we can expect a 50% HPC next week' etc), and they outweighed a lot of the sensible debate that went on.

I didn't refer anyone to the site in those days, because it seemed a bit embarrasing.

Now it is different. The silly threads still exist, but are massively outweighed by the sensible ones. I have found it an invaluable source of information as to how we got into this state in the first place.

The problem is that HPC will remain an easy target for this type of media. The site has been predicting a massive, imminent correction in prices since 2003 when actual prices have almost doubled in a lot of areas in that time. That still doesn't mean we are wrong, though!

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What a silly blog post. Its no point arguing with people like that though. They obviously dont have a balanced view of the situation. Like the fact that savers and people with deposits are essentially taking a hit with low IR whilst mortgage/home owners continue to live the high life on their tiny mortgage payments. Menawhile, those of us relying on savings and renting and working are getting poorer everyday due to higher rents (due to high house prices), higher inflation (due to low IR and QE to prob up asset aka house prices) and no wage growth.

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no they cant. its a case of if you own a house already your against it, if you havent your for it.

Not so, mate: Tinker, Solitaire, bobthebuilder and myself have all written on this very thread about how we are homeowners who are cheering/willing on the crash.

Amongst other things it is, as you say, about fairness.

Edited by General Melchett

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Don't get worked up. As the OP on the frontpage said, they are VI's.

The only thing I thought when they tried to summarise housepricecrash as a group with no sympathy for lost souls was 'when do you stop feeling sorry for a drug addict and start to take action instead'. The endless property porn TV get rich quick schemes have themselves robbed generations of life, and this forum gives a voice to that opinion. Don't mention that one do they, nope too close to the truth for a VI. "Keep giving me my daily fix of 'my house has increased in value by £500 this week' party banter".

I'll never flip about my stance. Houses are to live in. Turning them into investments (aka unearned retirement funds) is as evil as speculating on food prices but that's another topic. You're robbing people of a basic requirement since the start of time, shelter.

Absolutly. Houses are to live in. NOT investments. Thats why owning more than 1 home should come with severe tax penalties.

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From Sibley

The people on there will never own a house. Most are benefit claiments or on the minimim wage. You would not speak to them in real life. Too low.

How to make friends and influence people.

Wouldn't speak to benefit claimants and those on minimum wage. What a nice person.

Do you think that really was him? Seems an incredibly nasty thing, to be such a tw@t about those needing benefits and on low salaries.

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Basically contributors appear to be frustrated would-be first-time buyers who resent renting and are hoping prices will "crash" so they can cash in........

......People losing their homes because they can't afford to repay the mortgage?

See the double standard here. Renting is OK for you but not OK for us. Its OK for you to have no home, but unacceptable for us to lose ours.

Fine, i can tolerate selfishness, thats fine.

What i cant tolerate is that indeed many cant afford to repay the mortgage, and they expect me to do it for them. Through housing benefit bankrolling the banks and subsidising mortgages for all mortgage holders, through SMI, through inflationary interest rates.

They lose 'their' home and have to rent too. Thus they become 'me', the same position of renting I must accept and the author says is fine.

Basically all the article is saying is no one has a right to own a home. But once they've taken out a mortgage, even if they cant pay that mortgage, its their right to never lose that home.

I think that is what is called cognitive dissonance. The whole article is nonsensical.

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From Sibley

How to make friends and influence people.

Wouldn't speak to benefit claimants and those on minimum wage. What a nice person.

Do you think that really was him? Seems an incredibly nasty thing, to be such a tw@t about those needing benefits and on low salaries.

It's the anger phase.:)

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It's the anger phase.:)

That's a very good point. Seriously.

When people start 'looking down' on others, especially when they could very easily be in that position themselves in the near future, then it probably is an 'anger tantrum' thing as reality starts to hit home.

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I've lurked around here for ages and whilst I agree this is an element of delighting in other's property misfortune I think overall people just agree that high prices are no good to anyone.

The piece is almost a contradiction in the sense that it ends by saying all anyone wants to do is own their own home - well surely this is true of participants in this forum. Lower prices enable this and ensure that there is more left over to bring up our children and circulate in the wider economy. Lower prices will benefit many, I think (hope) for many forum members this isn't just a selfish crusade(?).

Like some others around here, I am a homeowner. But having now bought with no plans to move I have accepted that the price I paid is what I now owe. Could I have spent less by waiting? I don't know, only time will tell. Things aren't so black and white thanks to low interest rates - I was able to knock years off my mortgage term through overpayments and will be mortgage free in my forties.

So whilst I would like to see prices come down I also think it is possible to make a sensible buy. Just do some home work first!

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I've lurked around here for ages and whilst I agree this is an element of delighting in other's property misfortune I think overall people just agree that high prices are no good to anyone.

The piece is almost a contradiction in the sense that it ends by saying all anyone wants to do is own their own home - well surely this is true of participants in this forum. Lower prices enable this and ensure that there is more left over to bring up our children and circulate in the wider economy. Lower prices will benefit many, I think (hope) for many forum members this isn't just a selfish crusade(?).

Like some others around here, I am a homeowner. But having now bought with no plans to move I have accepted that the price I paid is what I now owe. Could I have spent less by waiting? I don't know, only time will tell. Things aren't so black and white thanks to low interest rates - I was able to knock years off my mortgage term through overpayments and will be mortgage free in my forties.

So whilst I would like to see prices come down I also think it is possible to make a sensible buy. Just do some home work first!

Well said. A balanced opinion.

My concern is for the lost generation. Average first time buyer mid 30's now. Unemployment for under 25s 1 in 5. Introduction of 9K per annum student fees.

From a selfish perspective, these are the people that are going to pay my pension when I retire. From a national perspective, these are the people who will develop and improve our country. Yet we've handed them the bill for the party that us older generations enjoyed. Where's the fairness in that, and where's the future of the UK unless we pull our finger out of our collective rear ends and start providing for a younger generation. Which includes affordable housing.

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Afterall a £100k mortgage is alot less to service or pay off per month than a £500k mortagage.

Sure you have low interest rates, but low interest rates on an overpriced asset is no different in terms of cost to high interest on a fairly priced asset, you still pay the same amounts at the end of the day.

The big difference is that in the low interest rate environment you're faced with the prospect of them going up, making things harder for yourself, but in the high interest rate environment the odds are that sooner or later it'll get easier.

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Not so, mate: Tinker, Solitaire, bobthebuilder and myself have all written on this very thread about how we are homeowners who are cheering/willing on the crash.

Amongst other things it is, as you say, about fairness.

I am a home owner and have been for many years....I think there should have been a correction in values 2004 when I could see personal credit levels were getting out of kilter with normality, I could see the 1990 high interest rates repossessions happening all over again but this time far worse.....instead what we got is ever more increased lending, creating a false sense of security then the bottom fell out of interest rates and a few banks/ mortgage lenders went bust and the bill shared out to everyone in society to pay for.......

The feckless now are reaping the rewards at the detriment of the working people that try to pay their way in society via high inflation and house prices that are still too high..... it is our youngsters who will have to pay the price of the reckless.

Who is now better off a home owner in a modest home they paid for or the debt owner that could have been a home owner but now has more debt than they could ever hope to repay...... looking to the outside world that they own a house or two but don't own anything. ;)

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