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About savetheclaypigeon

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  1. Maybe the only stimulus that will break the stranglehold that property has on the British people is fear. The savvy BTL investor, the guy on the programme who described the stages of a bubble to Nolan, said he started buying property when nobody wanted to touch it. I can't imagine a situation where people stop talking about a "great time to get on the ladder" and start to steer their loved ones away from buying a house. How many people will have to be burned before we get to a situation where people are scared and sick of property? I'd love to get to a stage where people feel about buying a house in the same way that I feel about holding a large amount of sterling in a High Street bank. Irresponsible, terrifying and doomed to fail! Here's hoping...
  2. "It won't happen here" This is what worries me! Amid all the sensible contributions to the show, driven in no small part by this forum, there were still people willing to come on national radio and speak for the "HPI Generation". Most people of my age have never known anything other than HPI and accept it totally as the norm. This view has been reinforced by peer pressure, the media and parental figures, who themselves were already embued with that "Oh so very British home = castle" mentality, even before Krusty & Phil came along and told them it could be their pension pot and dinner party conversation brag all rolled into one! Can you imagine shelling out £600 grand plus right now. Mental! And yet there they are, on national radio, and I guarantee they speak for the majority. That's why it's so difficult for me to picture serious losses in the types of areas that have these bimbos (both male and female), salivating at the prospect of loading themselves up with a crippling debt. We have to change the bent of a nation and the fundamental beliefs of a generation. It's going to take a LOT of Sarah Beeny shows called "Help, my BTL Empire Is Falling Down" before we get to that point, if indeed we ever will.
  3. I agree. Can't think of any daytime radio presenters, especially on 5 Live, who would have allowed a caller to walk them through the stages of a bubble. I didn't have strong feelings on Nolan before this debate but I thought he handled it well, managing to acknowledge the bullish contributions to the show while maintaining the bearish overtone that any rational assessment of house prices demands. Maybe if more presenters had had their fingers burned in property to the same degree, and fair play to Nolan for his full disclosure on that point, there would be less of the "it can't possibly be that bad can it?" and "Oh isn't all this doom and gloom just beastly" style dreck spouted by these ostensibly bright individuals. And finally, can someone PLEASE tell JD to tone it down. When the facts and a growing shift in sentiment are on your side, you don't have to be a screechy, spittle flecked banshee to get your point across. It's the Andy Murray syndrome. Whenever I see the lad getting interviewed I'm just wishing he'll crack his face and tell a f*cking joke or something. He'd have the nation at his feet if he did! And it's the same thing with JD. Whenever the presenter hands over to him, I'm always hoping that this is the time that he realises and he slips a velvet glove over the iron fist. And I'm always disappointed 30 seconds in, when he's questioned the parentage of the inevitable EA stooge he's up against and he's ranting like a bus station jakey! Oh well, heres hoping for next time... PS - Well done to all HPC-ers who contributed to the show. Especially timebandit. Top work fella!
  4. Bugger me, MSW lives in Hillside. I walk past there most days. I'm sure she can get some of the security from the Ukrainian Consulate to move on any mouthbreathing HPC - ers! Article is one of those that is best forgotten, mind....
  5. I feel really sorry for these people dragging their family from hellish landlord to hellish landlord every 6 months. It sounds like a nightmare. But like a nightmare, I also doubt if it's real, because it's so far away from anything I've experienced. Maybe I've just been consistently fortunate. Which in my case would be a first! Unobtrusive and reliable letting agents. Belting flat in the New Town of Edinburgh for half of the equivalent mortgage payment. Sizeable savings increasing every month. I just can't see the downside to renting, other than psychological. Take yesterday. I both renewed my lease and had a leak from my bath into the flat below. By far the most dramatic day I've ever had in a rented property. A plumber was despached promptly and the fault corrected that afternoon. All I had to do was make the guy a cuppa! Sure, this was an easy fix but it's Incidents like this that serve to remind me what a pain maintainance could potentially be if I was the one carrying the can.
  6. Jings. Crivvens. Help ma boab. We're neighbours! Just started renting a flat 3 mins walk from these particular howfs. When I'm next in for some "naughty ginger", I shall be looking out for anyone enthusiastically scanning the EEN for property puff pieces
  7. The UK's largest building society believes there is a "reasonable chance" that house prices could end the year higher than they started 2009. Such an outcome was "unthinkable" a few months ago, the Nationwide's chief economist said. From my own research, there were actually a couple of talking heads predicting the "unthinkable", but as part of a wider and distinctly bearish tableau. I rememeber this because at the time I thought it unlikely given the fundamentals. The one name springing immediately to mind is the source of much trouser re-arrangement among the older patrons of HPC - Merryn Somerset Webb of Moneyweek. She cautioned against 2009 being a suprisingly good "up" year for house prices as an example of the rallies that can be experienced in a protracted bear market.
  8. Are they right this time? Who knows. They're going to keep saying this until they are right, and one of these times they will be. The thing to do is to let the market tell you what is happening, not the guys who own the shops. Unless of course they re-inforce your own inflexible views, in which case lap it up gents...
  9. Call me "Northern Rock", but I back this statement 125%! I know I'm being a miserable sod but whenever I hear about people talk about owning their own house, all I can think is "no you don't mate, the bank does"... I'm two years into seriously saving for a FTB place and I'm growing more debt adverse by the day. I just hate the implied norm of saddling yourself with a large debt as soon as you can and the almost flippant way in which we enter into such an arrangement. I know property "ownership" is the national obsession but the more I learn about it, the less I want to play that game. Just this week I've started renting a cracking flat in the New Town for a very very reasonable price. My dear old Mum can't believe that I live in a place like this! Basically as a young single guy on a professional salary, unless you have a shocking rental experience (sadly common) or get married, what sensible reason can you have for not renting, saving and f**king living life...right up until the moment you can buy for cash?
  10. D'ya know what would be swell. A function allowing you to ignore any post, no matter how cogent, containing that b*stard word "Simples". It simply won't die! A couple more months of this and they'll bang it in the OED :angry: Sorry AThirdWay, nowt personal...
  11. fflump is spot on! I don't think you can afford to have 10 years of expensive booze and cheap women these days. You have to plan for the future as well. I'm three quarters of the way through my "ker-razy" twenties and I do regret not getting serious about my finances sooner. The first five years were blinding though to be fair! The bugger of it is that putting in the "hard yards" when you're young (getting in good habits, compound interest, no dependents etc) is when you get the most benefit. Shame this co-incides with the exact same time that you want to indulge in some hardcore silliness. It would be interesting to know the financial state of the average British 30 year old with regards assets, home -ownership, pensions, debt etc. Anyone seen any stats in this regard?
  12. This is a strange post from you Hamish. Normally you are at least on nodding terms with reason. But this is far too emotive. Why is a City Centre flat not a proper house? Surely it's just a different type of house, one that holds it's value owing to a different set of criteria. You say the house has a bit of land. Slow down "Good Life"! We're talking decking and a water feature here, not self sufficiency. A 30 year old living with his parents. What's wrong with that? It could be perfectly amicable, even mutually beneficial, arrangement for both parties. Some would view 10 years of such a situation preferable to 10 years of debt. Maybe you are like me, and you were "Rhona Cameron'ed" out the front door at a young age. Others are more fortunate. Why not take advantage? Finally, it's words like "impossible" that scare me as an investor. It's "impossible" to lose money with bricks and mortar. Sound familiar? If you think that a 50% fall in the average house price is "impossible" from the position we are in now, then good luck to you. The perma bull/bear attitude never ceases to amaze and, my God, do I love it. You are the people I make money from. But most importantly, all the best in your new place m4rk...
  13. Ouch! That's one bull that just got branded. "Property of The McGlashan"...right on the rump! Rawhide, Hamish?
  14. Don't be so hasty guys. It's simple group dynamics. Every collective has to have at least one gimp, a focal point for ire and pity. Crutchster is performing an important cohesive role on the Scottish boards. Every village need an idiot!
  15. The Evening Standard? Now there's an august pillar of bourgeois journalism upon which to base an informed decision! I don't agree with your premise. But I won't say you're wrong. I can't. Nobody can with full certainty. What I would advise is for you not to do anything rash. You sound like a young guy, and someone who can be easily influenced by whatever you happen to read on a particular day. This sounds like a dig. It isn't. I'm the same way. It's easy to get frustrated, especially when dealing with the stubbornly recalcitrant beast that is the Edinburgh property market. If I were you, which I suppose I am in a way, I would wait at least 18 months and see where the market is then. I think it will be lower than it is now. From this point you'll then be able to gauge when to re-enter the market. Even if you don't think prices will be lower then, do you really think they are going to skyrocket from this point? You said yourself it will be a slow and steady rise. Even if that is the case, you probably won't lose a great deal for waiting within this timeframe. I think when you are checking HPC and ESPC every day, you can lose track of the fact that markets really move very slowly. More so, when you are wishing them in a certain direction. I think we can all benefit from stepping back and looking at the bigger picture. Easy to say but not so easy to do. Especially when you are being bombarded with spurious reporting in the mainstream media. Look, at the end of the day, if you want to buy, go ahead. If you feel you'll regret not doing it, and the daily grind of "Gorgie watching" is making you miserable then do it. Life's too short after all. But before you do ask yourself one question. Is there anyway in hell you can see interest rates not going considerably higher in the near future? If so, then why would you want to buy in these circumstances? To me, it just doesn't make sense. But of course this is entirely a matter for you to decide. Oh and one more thing on a personal note: WHEN IT COMES TO EMOTICONS :angry: LESS IS SOMETIMES MORE
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