Diver Dan, on 22 September 2011 - 12:10 PM, said:
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!