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House Price Crash Forum

fflump

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About fflump

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    HPC Regular
  1. You obviously otherwise you wouldn't waste time commenting on it.
  2. In bold is a fair point-I don't dispute that it effects expenditure. But equally you must appreciate that the degree of the effect is also important. Just because the majority of people over-estimate HPI does not mean that the majority of people end up spending beyond their means.
  3. Cut down on the alcohol expenditure old sport-you'd have more deposit money then
  4. Er....We were talking about the bizarre assertion that people in San Fransisco were somehow spending above their means as "proved" by the fact that they over-estimated HPI for the coming year. If you want to defend that notion then please feel free
  5. You tell me. You're the one using IO mortgages to try to make a point! You seem to be labouring under a misapprehension that you need a majority of people to be struggling with debt for personal debt to be an issue in this country. A significant minority will be in trouble . Most folk are, and will, be fine.
  6. Yes. Although statistically few people are fortunate enough to buy at the very bottom of the market. Statistically you are very likely to make significant capital gains over any 10 yr window.
  7. Again a rather tenuous argument. You honestly think people save year-to-year based on projected HPI and value of their PPR at retirement? In any case, your arguing on a totally different point i.e. planning for retirement. Since when were we even discussing this?? We were actually talking about spending beyond one's means in the present.
  8. The % of mortgagees on IO is a minority. The % of new IO mortgages is around 1 in 5, also a minority. Is that meant to strengthen your point?
  9. A tenuous argument IMO. Just because they thought HPI would be at 10% does not mean they were MEWing that 10% and spending it
  10. I think this is a little melodramatic. A significant minority lived beyond their means. However, most lived within them and still do.
  11. Renting vs buying you also have to take into account capital appreciation. I appreciate this may not be popular on HPC but over a 10+ yr period you will likely make substantial tax-free gains on a purchase (magnified by leverage of course). Meanwhile, rents will have risen steadily...
  12. Massive rear garden. Would appeal to a divorcee into horticulture. PS. Nice village? Do you know Arkesden?
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