Jump to content
House Price Crash Forum

HPC in The Times


Recommended Posts

0
HOLA441

Short-sighted homeowners face a nasty dose of reality

LOTS of people are getting anxious about their debts. Or so say the chief executives at mortgage lenders who see this as a major cause of the housing market slowdown. Aghast at the amount they have spent on their credit cards, the already over-mortgaged are reluctant to embark on the purchase of a larger property with a supersized home loan. They are not disenchanted with bricks and mortar, refusing to watch TV property shows or minded to visit www.housepricecrash.co.uk, the online haunt of those convinced of an imminent collapse. They are just taking a reality check.

'www.housepricecrash.co.uk, the online haunt of those convinced of an imminent collapse' :D what's haunting to me is over £1 trillion of debt :blink:

Link to comment
Share on other sites

1
HOLA442

Whoever wrote the article will be popping by to visit this site to see what we make of this article and I will forgive a bit of narcissm in this case. My hunch is that the hack in question has visited in the past.

I see that no sources are given. It refers to "mortgage lenders" and "lots of people" and "they". "They" always say things don't "they"?

"a mortgage into their dotage, as the Japanese do". Nonsense. They take out 30 year mortgages. The 50 year mortgage may have existed, but it was exceptional.

I couldn't agree more with the message, but it feels more like it was written buy a frustrated FTB facing a deadline and with an urgent desire to get to the pub.

Link to comment
Share on other sites

2
HOLA443
3
HOLA444

We are the website the Times loves to hate, aren't we?

So, the author reckons that:

"LOTS of people are getting anxious about their debts"

People are "Aghast at the amount they have spent on their credit cards"

"reluctant to embark on the purchase of a larger property with a supersized home loan"

people are "over-indebted", "whose blunders included short-termism"

"A homebuyer with a £150,000 loan who took out a two-year 3.40 per cent in 2003 must now be content with a rate of 4.95 per cent. The extra cost is £1,500 a year"

"short-termism could have nasty long-term consequences"

"Hundreds of thousands of people are not putting aside money to repay their interest-only mortgage at its term, hoping that something will turn up to clear the debt"

"not investing in pensions"

"The choice will be to sell the home to repay the loan and live in penury, or continue with a mortgage into their dotage, as the Japanese do"

But the author still believes that:

"They are not disenchanted with bricks and mortar"!

Hmm, even the bulls on this site are now selling their properties, there are no FTbers propping up the housing market, and numbers of transactions as well as prices are falling - if they're not disenchanted with property now they will be soon!

Welcome to anyone who found this site after reading today's Times!

Link to comment
Share on other sites

4
HOLA445
5
HOLA446
6
HOLA447
7
HOLA448
Whoever wrote the article will be popping by to visit this site to see what we make of this article and I will forgive a bit of narcissm in this case. My hunch is that the hack in question has visited in the past.

I see that no sources are given. It refers to "mortgage lenders" and "lots of people" and "they". "They" always say things don't "they"?

"a mortgage into their dotage, as the Japanese do". Nonsense. They take out 30 year mortgages. The 50 year mortgage may have existed, but it was exceptional.

I couldn't agree more with the message, but it feels more like it was written buy a frustrated FTB facing a deadline and with an urgent desire to get to the pub.

I understand your comments but I'm afraid your presumtptions are totally off base. She is a serious PF journalist and one of the most powerful in the UK.

Link to comment
Share on other sites

8
HOLA449

Short-sighted homeowners face a nasty dose of reality

Aghast at the amount they have spent on their credit cards, the already over-mortgaged are reluctant to embark on the purchase of a larger property with a supersized home loan. They are not disenchanted with bricks and mortar, refusing to watch TV property shows or minded to visit www.housepricecrash.co.uk, the online haunt of those convinced of an imminent collapse. They are just taking a reality check.

A bit of free publicity for the site, wonder if it will generate some extra traffic?

:lol:

edited to add: sorry, didn't see it had been already posted!

Link to comment
Share on other sites

  • 3 years later...
9
HOLA4410

Just did a Google search for hpc.co.uk... this came up at no. 1. From 2005. FP there...

A pity the owners don't have that domain name as a redirect, it might be useful in referring people to the site hpc to the people might be less scary than housepricecrash and given the variety of topic and general economic insight.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information