Inside The 'house Price Crash' Community - House Price Crash forum

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Inside The 'house Price Crash' Community You naughty people... Rate Topic:

#31 Bruce Banner

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Posted 22 September 2011 - 11:54 AM

Chuffy Chuffnell, on 22 September 2011 - 11:44 AM, said:

Sibley has posted a comment!! :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

.

See Below:

It looks to me like there is a massive coordinated attempt by the various VIs to engineer a spring bounce by press releases and trolling popular Internet forums such as this.

Following the reported 1.9% monthly rise from a government controlled lender and the (expected) 0.5% rate cut, this forum seems to be targeted by bulls, many joining in the last few day to talk up the market.

The general drift seems to be... 'Savings accounts are paying a pittance so get into property now and pick up a bargain'.

I wonder if the various EA and lenders associations are emailing their members, suggesting that joining this forum to talk up the market would be a good idea.

Note: The above was posted in late January 2009, the following is updated as and when required.

#32 tinker

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Posted 22 September 2011 - 12:05 PM

General Melchett, on 22 September 2011 - 10:22 AM, said:

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?)

#33 Diver Dan

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Posted 22 September 2011 - 12:10 PM

RomanWall, on 22 September 2011 - 09:56 AM, said:

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.

That's it, I'm getting a wall-safe.

I'd be happy if I were right but I'll settle for being Less Wrong

#34 eric pebble

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Posted 22 September 2011 - 12:23 PM

RichC, on 22 September 2011 - 10:19 AM, said:

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

Posted Image

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

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

What the media today are still not telling us in full - for some reason the lid is being kept on the whole story:
HERE IN THE UK: THE UK SUB-PRIME CATASTROPHE - IT IS NOT ONLY IN AMERICA!! THE UK LIAR LOAN INDUSTRY - Source of FICTITIOUS "MONEY", and the principle driver of the House "Price" Pyramid/Ponzi Scam & Bubble, the "Credit Crunch" - and an unacknowledged major part of and cause of the ensuing Worldwide Financial Crash.
---------------------
The following was reported in a superb documentary in late 2003 - This is now nearly 10 years ago!! Since then little has been done here in the UK to dig down deep on this vast elephant in the room: Why? If you're a serious journalist - here's your story - start investigating - it is the biggest financial scandal of all time:
THE ARTICLES BELOW ARE FROM AS FAR BACK AS 2003!!

Mortgage customers 'urged to lie' - All this was way back in 2003 by the way!!
Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered. Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans. And these underhand tactics could also be the reason why house prices have gone on rising for so long.
CLICK HERE - http://news.bbc.co.u...ess/3222053.stm

"Could you believe that a bank would invite customers to defraud it? It may sound incredible, but that is what some of Britain's biggest mortgage lenders have in effect been doing."
CLICK HERE - http://news.bbc.co.u...ess/3478635.stm

The BBC Money Programme uncovers massive mortgage fraud [2003!]: BBC TWO's The Money Programme has revealed a huge mortgage fraud with brokers from some of Britain's biggest estate agents and financial advice groups advising customers to break the law and lie about their incomes to get massively bigger mortgages. And it shows how the illicit cash raised by this method has been pouring into the housing market, boosting prices and leaving many people risking financial ruin.
CLICK HERE http://www.bbc.co.uk..._mortgage.shtml

AND READ THIS: - http://www.housepric...howtopic=152508
-----------------------------
WATCH THE VIDEO OF THE 2003/4 DOCUMENTARY HERE: - http://www.youtube.c...d&v=vT1UnGS91BY
Click on parts 2 & 3 as you go along watching this video.
------------------------------
AND WATCH THE LATEST VIDEO OF LIAR LOANS STILL IN ACTION HERE in 2008 - http://news.sky.com/.../20080641317257

#35 newbie

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Posted 22 September 2011 - 12:26 PM

eric pebble, on 22 September 2011 - 12:23 PM, said:

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

I'm surprised no-one has logged on under his name yet...

#36 right_freds_dead

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Posted 22 September 2011 - 12:27 PM

Chuffy Chuffnell, on 22 September 2011 - 11:19 AM, said:

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.

i am boethius. author of the consolation of philosophy. it is my belief that fortune is a wheel. inconstancy is my very essence says the wheel. rise up on my spokes if you like, but dont complain when your cast back down into the depths. good times pass away, but then so do the bad. mutability is our tragedy, but its also our hope. the worst of the times, like the best. are always passing away.

#37 South Lorne

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Posted 22 September 2011 - 12:27 PM

Chuffy Chuffnell, on 22 September 2011 - 10:26 AM, said:

http://www.mindfulmoney.co.uk/

Check out the homepage... on the right hand side... :lol:

..check out the readers comments...the blog is being trashed ...because it is trash..... :rolleyes:

The market goes up. The market goes down. It is all about timing. (unless it's rigged)

#38 worried1

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Posted 22 September 2011 - 12:29 PM

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

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!

#39 CleverBear

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Posted 22 September 2011 - 12:31 PM

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.

#40 bobthebuilder

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Posted 22 September 2011 - 12:33 PM

tinker, on 22 September 2011 - 12:05 PM, said:

+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?)

Same here, i found this site because i couldnt understand the machine behind the boom.

Once i understood what was going on i knew it was poison.

#41 General Melchett

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Posted 22 September 2011 - 12:33 PM

right_freds_dead, on 22 September 2011 - 12:27 PM, said:

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.

This post has been edited by General Melchett: 22 September 2011 - 12:34 PM

The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.

#42 CleverBear

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Posted 22 September 2011 - 12:34 PM

Redcellar, on 22 September 2011 - 10:37 AM, said:

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.

#43 Redcellar

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Posted 22 September 2011 - 12:43 PM

From Sibley

Quote

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.

Allegedly.

#44 Executive Sadman

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Posted 22 September 2011 - 12:47 PM

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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#45 South Lorne

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