[DRS]

Hi, I'm a newbie and have read some really interesting stuff here.

I have observed that some are taking a sensible investors view of their own balance of what might happen. There seems to also be a significant proportion that are very angry about profits that have been made by some from property. They seem to express anger and wish failure upon anyone who seeks to profit from property here or abroad.

There also seems to be anger towards estate agents, MAs etc. These are not the people I would choose to share a beer with but are selling something that people want to buy.

So the question is: are all the angry people on here just bitter that they got left behind whilst everybody else got rich

ps I am not a propery investor of any magnitude

[Phaedrus]

AWOOGA! AWOOGA!

[Dicky]

DRS, on Aug 11 2005, 10:04 PM, said:

Hi, I'm a newbie and have read some really interesting stuff here.

I have observed that some are taking a sensible investors view of their own balance of what might happen. There seems to also be a significant proportion that are very angry about profits that have been made by some from property. They seem to express anger and wish failure upon anyone who seeks to profit from property here or abroad.

There also seems to be anger towards estate agents, MAs etc. These are not the people I would choose to share a beer with but are selling something that people want to buy.

So the question is: are all the angry people on here just bitter that they got left behind whilst everybody else got rich

ps I am not a propery investor of any magnitude

<{POST_SNAPBACK}>

Left behind you say, mmm let me think.

I rent a s*****y 3 bed detached for 1/2 what a mortgage would be, drive a flash, will I think so car and have a rather well paying job, I think you've got the wrong forum old chum, all newbies are welcome here if they have a valid contribution to make otherwise they can f***off.

This post has been edited by Dicky: 11 August 2005 - 09:14 PM

[Chris....]

I can only speak for myself, I am angry that I 'know' prices will fall significantly that the economy will suffer from the fall and that we are systematically being pick pocketed by this government.

I have a small family and would dearly like to get into a reasonably priced house with a garden that would leave me with enough change to take them out for the odd day out or even a holiday!

Currently any house that fits my criterea in my area is approx. £330K this is approx. £120K over trend. (The trend I am using involves 2 booms and only one bust so is quite generous)

It cost between 100-120K to build a decent house without the economies of scale.

The UK is only 7% built apon.

Therefore instead of getting on with my life I am forced to wait for a correction.

Incedently the cost of the extra 120K per month for 25 years is £736 at 5.5% which is historically low.

[firebug]

Dicky, on Aug 11 2005, 09:13 PM, said:

Left behind you say, mmm let me think.

I rent a s*****y 3 bed detached for 1/2 what a mortgage would be, drive a flash, will I think so car and have a rather well paying job, I think you've got the wrong forum old chum, all newbies are welcome here if they have a valid contribution to make otherwise they can f***off.

<{POST_SNAPBACK}>

I really don't think this is necessary...grow up

[Phaedrus]

firebug, on Aug 11 2005, 09:20 PM, said:

I really don't think this is necessary...grow up

<{POST_SNAPBACK}>

Listen, Sonny Jim, I wouldn't argue with him, he's got more posts than you.

[Boom'n'Bust]

Dicky, on Aug 11 2005, 10:13 PM, said:

Left behind you say, mmm let me think.

I rent a s*****y 3 bed detached for 1/2 what a mortgage would be, drive a flash, will I think so car and have a rather well paying job, I think you've got the wrong forum old chum, all newbies are welcome here if they have a valid contribution to make otherwise they can f***off.

<{POST_SNAPBACK}>

I'm sure DRS wanted a general view of why some are bitter. Instead of abusing, you should be welcoming him.

Well welcome to HPC mate.

This post has been edited by Boom'n'Bust: 11 August 2005 - 09:24 PM

[balamory]

Chris...., on Aug 11 2005, 09:16 PM, said:

I can only speak for myself, I am angry that I 'know' prices will fall significantly that the economy will suffer from the fall and that we are systematically being pick pocketed by this government.

I have a small family and would dearly like to get into a reasonably priced house with a garden that would leave me with enough change to take them out for the odd day out or even a holiday!

Currently any house that fits my criterea in my area is approx. £330K this is approx. £120K over trend. (The trend I am using involves 2 booms and only one bust so is quite generous)

It cost between 100-120K to build a decent house without the economies of scale.

The UK is only 7% built apon.

Therefore instead of getting on with my life I am forced to wait for a correction.

Incedently the cost of the extra 120K per month for 25 years is £736 at 5.5% which is historically low.

<{POST_SNAPBACK}>

At last, someone gets it. The reason for ridiculously high house prices is restrictive planning policies driven by a NIMBY mentality. As you say, only 7% of this country is developed, yet we constantly hear this complaint that the UK is a small and over populated country.

Here are a few figures. Agricultural land in S England is worth 3k per acre max. With planning permission for an average housing estate the value increases to a minimum of 750k for exactly the same acre. The difference is merely a line drawn on a map by a council planning officer.

We are not short of land in this country, merely land with planning permission. Tell that to your local politicians.

[DRS]

Dicky, on Aug 11 2005, 09:13 PM, said:

Left behind you say, mmm let me think.

I rent a s*****y 3 bed detached for 1/2 what a mortgage would be, drive a flash, will I think so car and have a rather well paying job, I think you've got the wrong forum old chum, all newbies are welcome here if they have a valid contribution to make otherwise they can f***off.

<{POST_SNAPBACK}>

I'm not quite sure what the fact that you live in a sh88ty rented house and drive a flash car has to do with anything. I also never made any inference as to how much or little people earn from their jobs.

I take it you do not own this forum and therefore have no right to tell me to fxxk off. Its also very rude, vulgar and childlike.

I would suggest that unless YOU would like to discuss in an adult fashion the thread I've started YOU go elsewhere. If you choose the former than please take some time to read my topic

ps have fun in your sh88ty house and I quote 'a flash will I think so car'. Whatever that gibberish means

Some people would say

[FrozenOut]

I personally don't think anyone is angry, I think people are frustrated - like another poster said, his life is on hold waiting for a correction - same with me really, I'm not angry because my bank account is flush with thousands and thousands, I CHOOSE not to spend it on an asset that is over inflated.

As the market corrects you will see anger, but it will be from the people who overstretched themselves, as they pack up and leave their homes, stopping by the bank to hand in the keys.

They've had "Their time" and soon it will be mine - goes around, comes around and nothing depicts this better then the rising and falling of asset markets.

[firebug]

Phaedrus, on Aug 11 2005, 09:22 PM, said:

Listen, Sonny Jim, I wouldn't argue with him, he's got more posts than you.

<{POST_SNAPBACK}>

My name is not Sonny Jim (for the record) and I wasn't aware that the number of posts you had made any difference? Surely your not suggesting that only those that post constantly can have a say on here? Does it hurt to be polite to others, or is it a case of treating others as you would like them to treat you, in which case god help him if that is how he treats people...

[miche]

DRS, on Aug 11 2005, 10:04 PM, said:

Hi, I'm a newbie and have read some really interesting stuff here.

I have observed that some are taking a sensible investors view of their own balance of what might happen. There seems to also be a significant proportion that are very angry about profits that have been made by some from property. They seem to express anger and wish failure upon anyone who seeks to profit from property here or abroad.

There also seems to be anger towards estate agents, MAs etc. These are not the people I would choose to share a beer with but are selling something that people want to buy.

So the question is: are all the angry people on here just bitter that they got left behind whilst everybody else got rich

ps I am not a propery investor of any magnitude

<{POST_SNAPBACK}>

Does anyone know any FTB's who bought property in 1989?? I wonder if they were bitter in 1993? Sh*t happens.....

[Boom'n'Bust]

Well said Frozenout

[frugalista]

balamory, on Aug 11 2005, 09:24 PM, said:

At last, someone gets it. The reason for ridiculously high house prices is restrictive planning policies driven by a NIMBY mentality. As you say, only 7% of this country is developed, yet we constantly hear this complaint that the UK is a small and over populated country.

Here are a few figures. Agricultural land in S England is worth 3k per acre max. With planning permission for an average housing estate the value increases to a minimum of 750k for exactly the same acre. The difference is merely a line drawn on a map by a council planning officer.

We are not short of land in this country, merely land with planning permission. Tell that to your local politicians.

<{POST_SNAPBACK}>

Planning laws are fairly restrictive, but I don't think there is a lack of housing supply in the UK. If there was, rents would have gone up as much as purchase prices, which they have not at all.

Bubbles can happen even when supply and demand are matched up. In 1636-1637 there was a huge speculative bubble in the netherlands based on the trading of tulip bulbs. Do you think there was a shortage of tulip bulbs?

http://www.holland.n...ps-history.html

frugalista

[Dicky]

DRS, on Aug 11 2005, 10:26 PM, said:

I'm not quite sure what the fact that you live in a  sh88ty rented  house and drive a flash car has to do with anything. I also never made any inference as to how much or little people earn from their jobs.

I take it you do not own this forum and therefore have no right to tell me to fxxk off. Its also very rude, vulgar and childlike.

I would suggest that unless YOU would like to discuss in an adult fashion the thread I've started YOU go elsewhere. If you choose the former than please take some time to read my topic

ps have fun in your sh88ty house and I quote 'a flash will I think so car'. Whatever that gibberish means

Some people would say

<{POST_SNAPBACK}>

I wrote sw4nky not sh**ty, the cr4ppy software on this site got sw4nk confused with the word w4nk and editted it out, all clear now.

This post has been edited by Dicky: 11 August 2005 - 09:34 PM