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House Price Crash Forum


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About jaqueslecont

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    HPC Newbie
  1. Well, that's a fair enough opinion - but there certainly seems to be an element of people waiting for the solution to their financial concerns to appear, rather than taking steps to find it themselves. I have a decent pension (we'll see what happens to that - but I don't tulence.hink it will vanish into thin air), I have purchased a house at a cost I can afford with dcecent headroom should interest rates go up, I have a small amount in other areas. It might not be perfect, but I'm convinced that I will be in a better position than those people approaching (or exceeding) their 40th birthday with nothing more than £20k in the bank. House prices might go up, they might go down - but as long as I can keep paying my mortgage I'm going to have something at the end of it - that something for me is rent free accomodation when I retire. Traditional thinking I guess, but it has worked for people so far and this isn't exactly the first unprecedented financial turbulence. I worry for the situation people will find themselves in come 2045. The majority of you see the other side of the coin, but I guess we all place our bets and time will tell who wins. No point wasting your life over it though.
  2. He doesn't appear to be arguing himself in circles on an internet forum.
  3. I genuinely don't get the people on this site. It's like you're putting your lives on hold waiting to be proved right. Seriously, take a step back and look at yourself. You're almost forty. If you don't get on with it soon you'll be looking at mortgages below a 25 year term and then things are going to get impossible for you. I hope that you have a seriously good pension because in twenty years time when you start to think about retiring, you're going to realise that you're f*cked. There comes a point when you just have to start living your life. If you don't to buy a house that's fine, but stop wailing about the unfairness of it all. We all have the same opportunities - you just have to work for it. I'm 33 and have just purchased my first house. It was on for £250k, and we got it for £225k. It needs work and the mortgage is about £200 more than my rent was, but I'm very happy with the situation as it gives me a direction that I'm happy to go in. In 25 years I'll have paid it off and will be able to live whatever life I have left with some level of security. I also won't have spend the majority of my life waiting for a train that's never going to arrive. You need to roll the dice at some point, or leave the casino. That crash you have been waiting for has never happened, and it isn't going to happen in the way you are depending on it to. You lost the hand - don't go bankrupt on the game of life just because of money. It's clearly ruining your life and turning you into bitter and twisted individuals.
  4. Interesting point. If they come back to me I'll return and let you all know. No intention of going any higher though.
  5. You're right, it's not the site. It's some the individuals who constantly post on it. Hilariously - and you'll definitely think I'm trolling now - I've just been gazumped.
  6. At which point did I ask for advice? Why on earth would I ask for advice from someone I fundamentally disagree with? Going ahead with the purchase. I feel pretty confident about the whole thing and have done my personal research. Interestingly, I've discovered that there are a lot of myths about what you can do with your own property. I always thought that it was pretty much illegal to do your own electrical work - not so, I read the law on Saturday. You can pretty much do whatever you want. It's quite fascinating what can be done to make a purchase viable if you're willing to think for yourself. Anyway, before I get too carried away with posting on here - there clearly isn't a culture that welcomes opposing views on this site. So that's good for healthy debate.
  7. Well, since people don't pay for their houses in gold - no there hasn't. It's a crap argument. It's like saying there has been a crash in terms of beef. To the everyman there has been no crash. This website was set up to pursue a correction in housing prices so that the general public could afford them. This hasn't happened. we might drift toward it over the next ten years if we're lucky.
  8. There's been a mediocre slip in house prices. The title of the website is house-price crash. We all got stitched, let's face it. There is no crash, there will be no crash. Just a slow levellling out.
  9. Well sterling hasn;t done too badly since around 1300 so I'm not overly concerned. And so what if it does? Most of the countries that have gone through hyperinflation are still just dandy. I think you'll be sadly dissapointed at the outcome. No tinned food, guns, marshall law. Not even any lizard men.
  10. I've got to say that I don’t agree that this site predicted it. Who could? It's just been a slow slide into the sludge we find ourselves in and I don’t see anything but a dull pulse for the coming years. The apocolapse isn’t going to happen. The system won’t collapse, it will just trudge on in a different way. The world is a finite system, and whilst things may shift around this distopian society that so many of us seem to believe in is a dream. The thing is, are things really so bad? The standard of life is exceptional in the UK and even better in many other parts of the world. My parents, like many others had naff all when they managed to get their first property. They didn’t have the lifestyle that the mojority of young people in the country now enjoy - they made sacrifices and bought a house that they could barely afford. They then rode the wave of the huge interest rate spikes and came out of the other end much better off. It angers me that many people of my age seem to think they have a god given right to a property without having to take on the sacrifice. I certainly don't - but that won't stop me aspiring for a poperty. Mobile phones, booze, cars, clothes, watches, bikes and everythign else. We demand these as a basic. Maslow would have a field day in looking at a modern hierachy of needs. We expect to be at the top without laying the foundation.
  11. I'll pop back in five years and we can see which way it went.
  12. That's salient advice and some that I agree with. This site could use more of it.
  13. Fair point. I guess I've found it annoying that what used to be a useful site has become a haven for psuedo financial experts to preach opinion pieces about the economy as if they know something the rest of the world doesn't. I refer you to the floating blue head. This kind of smugness doesn;t help the general situation, and is pretty much a reflection of how I'd expect a Daily Mail reader to behave.
  14. I broadly agree with that, but I think it really does depend on location. Also, most of the BTL landlords won't need to let go anytime soon. Sure there will be a couple, but as long as they have tenants, they don't need to sell. Especially the baby boomers with one or two extra properties. In all likelihood they'll get passed down to the kids anyway.
  15. Thankyou wise one. Perhaps if you're time was used a little more constructively I'd heed your advcie. As it is, I suspect that you are in a bedsit, surrounded by unread copies of the economist, empty pizza boxes and broken dreams.
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