Scooter
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Everything posted by Scooter
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It is depressing having those conversations. Sorry to hear about your redundancy. I still think we will all be proved correct, even though it is taking a stupidly long time but I agree with you that I cannot be bothered so much now to try and explain it to people who just cannot conceive of an alternative view (although they could say the same of me).
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Yep, that is what I will try and do next time. Unfortunately alchohol got the better of me... Ah, you sound very reasonable, far more than I usually am. They probably do believe what they are saying but they know my views and set out to rile me so they got what they wanted. To be honest, I am not in a particularly bad situation at all as I own my flat since '95 with virtually no mortgage left. I just got angry at the idea of trading up to something bigger, which I want to do and giving my fairly hard earned cash to some cabbage asking an outrageous price for it. I would be delighted to see my flat decline substantially in value if it was mirrored elsewhere obviously. Actually I think partner swapping was vaguely on the agenda but really not my thing (not in this case anyway ) Yes, I really must try to do this. I find it very hard to avoid looking every couple of hours. I have hit them with my gold shares, mining unit trusts, Japanese UTs etc, 30% annual gains, all that and I really have had a great year with other investments . What I get in reply is "it all sounds a bit risky. I would prefer a BTL. Property always goes up in the longterm etc." Honestly, this is what supposedly quite bright people come back with...
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I agree. Had I been sober, I would have just avoided it altogether as I had intended.
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I think I mostly just want to be proved right. Most people I know just cannot conceive of anything worse than a bit of a slowdown. Sorry, very old ground for this forum...
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That is fairly ruthless-I like it!
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That sounds like a practical answer. Actually they are mostly alright and people I have known for ten years or more and the rest of ther evening was fine. I just lost it a bit as house price discussions are guaranteed to get me wound up and I had really planned to avoid the subject. Also, I get told off at home for getting obsesssed with a HPC so unfortunately it all erupted last night unplanned.
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I went out last night to a Thai restaurant with a few friends. This includes a couple who know my views on an impending HPC and never fail to wind me up about why what I have been predicting since 2002 has not really happened. Unfortunately a few drinks in I rose to the bait and yelled my head off at them about loose credit, obscene asking prices in North London and my very firm commitment not to enrich a seller whose only talent has been to sit tight during a bubble and expect to collect on the inflation. I was then lectured on how I will only get what I want (a four bed garden flat) by paying a seven figure sum and how lots of flats below £600,000 are flying off the EA's shelves, as it were, and that the best stuff never makes it to the wider public, never mind I see the exact same properties sitting unsold for months and in some cases years. Am I the only one who gets in these situations and am I spending too much time on this site? Seriously, I could have pulled someone's head off, not helped by some fat, very loud bird from Essex on a nearby table who felt the need to regale the entire restaurant with her version of Little Britain and the Catherine Tate Show. Hilarious. Waiting for a crash surrounded by smug idiots can be very frustrating...I hope they lose the rooves over their ludicrously overpriced homes. :angry:
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What Would It Take To Force You Abroad?
Scooter replied to 2005's topic in House prices and the economy
That is what I mean-my clothes stayed firmly on-but I had a lot of fun in BA anyway... -
What Would It Take To Force You Abroad?
Scooter replied to 2005's topic in House prices and the economy
A lot of the women I saw last time I was in Buenos aires turned out to be fake...wild club scene though. Carne asado me gusta mucho... Got family in BA and Bahia Blanca-I spent a very happy week eating beef and drinking good Argentine reds...don't want to live there though. -
I thought the tone suggested they were having doubts compared to the last article in then edition with a falling brick on the cover.
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Interesting Anecdotal At Singing Pig
Scooter replied to okonu's topic in House prices and the economy
Incredible. SP was bullish to the end last time I went there. Reality must have caught up with them. If anyone on HPC has claimed that 50% of EA inquiries were downsizing I would have been sceptical. -
Accumulating wealth. But one way to do that-or help to do that-is to live modestly and not be greedy or profligate in your spending. Wealth is security. Automatically linking it to greed is a value judgmenent not necessarily appropriate or correct.
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Are Bulls More Visionary Than Bears?
Scooter replied to Sarah Beeny!'s topic in House prices and the economy
White settlers in the Borders? We've got a few too many McSettlers running (ruining) our country (England) down here-could you take them back please so they can just run your country from your parliament and leave us to run ours? Are you really implying all Scots have great taste in interior design and only buy hand-crafted furniture sourced from local materials? You people wear tartan without irony FFS... -
Why The Only Way For Property Now Is Down
Scooter replied to CrashIsUnderWay's topic in House prices and the economy
All sounds a bit aggressive to me. I am a bear. I want a severe crash and logically I have been expecting it since 2002. But it really is not happening round my way (North London) yet, although I still think it should, so when people tell you their experience in a particular area, who are you to say they are wrong? Unless you happen to me my next door neighbour, I really doubt you are better qualified to judge the state of my local market... or am I just a troll? -
New Year Bounce Forecast For House Prices
Scooter replied to Randall Herbert's topic in House prices and the economy
1.4% nominal rise, 4% inflation, real drop 2.6%... -
Pensions Debate As A Trigger?
Scooter replied to Civil Servant's topic in House prices and the economy
I think the report specifically warns people not to rely on houses as pensions but it may well fall on deaf ears. A lot of potential stock market investors still seem to have psychological hangovers from the dotcom era, gains in the last two years notwithstanding. So what is the alternative? Spend it and let the state look after you in old age! -
Well B#gger Me, They're All Reading Hpc.co.uk!
Scooter replied to RichM's topic in House prices and the economy
I must have been confused when you said in reference to Boris "the Scousers have a fatwa on everyone from Manchester anyway, so one more person makes no difference." No biggie... -
Is Life Harder Today? You Bet It Is!
Scooter replied to Ritters's topic in House prices and the economy
Possibly, in which case they are being well and truly shafted for a part share. However I think the social housing may be rented to council tenants and title kept public, whcih was Camden's requirement before granting pp. -
Is Life Harder Today? You Bet It Is!
Scooter replied to Ritters's topic in House prices and the economy
Same near me, Swiss Cottage "Visage" project. £1m upwards for a penthouse with health centre and pool but about 20% mandated social housing so you might just see Vicky down in the gym. Apologies for snobbery but if I was paying that much, I might be a bit annoyed that my neighbours were getting it free or heavily subsidised... -
Well B#gger Me, They're All Reading Hpc.co.uk!
Scooter replied to RichM's topic in House prices and the economy
Hmm. Lived in Manc. until I was 17 but I didn't hear many accents like that. Of course having lived in London 20 years, I sound just like Boris myself now... Mancunian joke: What to you call an aardvark that walks away from a fight? A vark. -
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Well B#gger Me, They're All Reading Hpc.co.uk!
Scooter replied to RichM's topic in House prices and the economy
Boris is Mancunian? -
Don't you just want to give whoever said that one, swift backhander?
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Uk House Prices Are Overvalued, Warns Oecd
Scooter replied to Badger's topic in House prices and the economy
Pour encourager les autres? Maybe those left will stay in line now...or maybe not. I am not entirely convinced of a conspiracy, it just seems odd. -
Surely All You Renters Wil Fuel Btl?
Scooter replied to beenhearingthisforyears's topic in House prices and the economy
YOU SAID "Why do you measure everthing in ££s? I just got on and bought. I enjoyed the home and sold it in 2001 for a tidy profit. I can honestly say I am not at all aware prices in my area wnet down after I bought. I do not recall any property in my road selling for less than the sum I paid. Another bear 'textbook economics' muddle no doubt." You also said it was "hard and worrying" I think. This does not make you sound like a carefree owner at all. Overall, you seem to have chosen a very emotional way to proceed, by effectively saying I want it now and I do not care about the (financial) sense or otherwise. Entirely up to the individual but my £££ are hard earned and I do not relish handing them to someone with a historically unrealistic idea of what their property is worth simply for the pleasure of instant or early gratification.