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House Price Crash Forum


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Everything posted by Switch625

  1. I am sure that such a group of wonderful and magnanimous philanthropists that constitutes the average landlord, who lest we forget have only ever had the best interests of their tenants at heart will form an orderly queue and not panic when this starts to impact upon prices ..... on the other hand.
  2. @bearishonhouses what webpage did you use for the water levels please
  3. Thanks @Warlord I haven't heard that one before.
  4. I agree that was/is probably the plan @jiltedjen, as usual our politicians are led by the herd and their own self interests. What I have noticed from the comments on mainstream media sites in relation to the constant housing market support is that for the wider population (or those that post on the internet at least) the penny seems to have dropped that this isn't a good thing. If the political elite are paying attention that may yet change the direction of travel ...
  5. I second the comment above. Good work RR. Cornwall is my patch and everyone around here that I know thinks that house prices are headed to the moon. Reality may be a bit of a rude shock to some
  6. I think you will find it actually vanishes from this plane of existence, or more accurately from the plane that landlords inhabit at any rate
  7. For what its worth I think that if Tax Returns were based on a more equitable tax system and weren't works of fiction but truly reflected an individuals or businesses wealth this would be a very fair system. But that's just a pipe dream as too many people and businesses have a vested interest in not being honest and gaming a broken system.
  8. I could buy now, I was actually planning on buying just before all this madness really got going. Sure it doesn't look like a good move right now and who knows, maybe I have made a mistake, but I strongly doubt it. As Pop says, I will reassess after Xmas and if I am clearly wrong then I will wear a little pointy white hat with a D on it, take my medicine and buy. My money is quite literally on that not being the case and I am now looking at early in the year 2022 to buy. Ultimately rational people make decisions based upon evidence. When the evidence changes they change their decision.
  9. I have heard many people espouse that only those in the cheep seats are at risk, but I beg to differ, those seemingly affordable mortgages that were taken on don't pay themselves when the money stops rolling in. Most people I work with are distinctly middle class, 30 - 50 with a few kids, only one has confided in me how tight things are at the moment and it doesn't sound good for them. Previously these people were only too keen to talk about their family skiing holiday in Switzerland, their new car, the next kitchen and how lovely and valuable their house was. All of that has stopped ....
  10. You want to be careful bandying that name around. I hear if you say it three times in quick succession he pops up and starts frothing at the mouth about how unpleasant you are for wishing for a sensible housing market! 😆
  11. No worries, it is always darkest before the storm and this one is a doozy. For what it's worth I think we are looking at the last few rounds of props, all designed to give the market a soft landing. I am still expecting modest falls over the next year, if they loose control of this it could be a full on crash, but I am not holding my breath. I completely agree and finally the UK population can see the false idol of perpetual house price increases for what it is. To me that is very exciting as no party wants to end up being unelectable, which if they fail to listen to the people they will be. I have very similar feeling for some of the old politicians on both the left and the right, I didn't necessarily agree with their views, but I could respect their belief and passion about a cause even if in my opinion it was misguided. I am holding on to see what shakes out over the next few months. If I am wrong and they manage the great escape then I will capitulate and buy. And that's the point, it's not just about homeowners vs. renters, with homeowners locked out of buying bigger properties discovering their 'gains' aren't worth much relative to the next step up we have finally reached the point when the 'market' is no longer functional. True enough, but as we on HPC have seen again and again, rules change.
  12. @Pop321 You are not alone. I however am not so downbeat. The biggest problem for those on HPC has not been that they were wrong, they were right, but more importantly the rest of the UK population didn't care, they are still at the bar getting drunk. The mood music has changed, middle England, well the part that reads the BBC business section at least, has written scathing comments about the plan. Last orders have been called, expect another round of shots and then the inevitable hangover and regret in the morning. If the government were fishing for a response as to which way to go on this they have it ... do this and don't get re-elected. https://www.bbc.co.uk/news/business-54432913
  13. Not going down well on the BBC website https://www.bbc.co.uk/news/business-54432913 Highest rated comment - the worm is turning
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