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House Price Crash Forum


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Everything posted by sta100

  1. Definitely faltering. I've overpaid for my house. Ho hum.
  2. How come? Not much breakage of chains, market hasn't slowed much, so why does this mean the end of the stamp duty holiday will have much of an impact?
  3. Concur Also things are still going under offer fairly quickly, so I don't think the stamp duty ending is going to have much of an impact.
  4. The question is how far it goes before the rug gets pulled, could be now, could be a decade. Whatever happens there is no happy ending for anyone.
  5. It's a week away from the deadline. I haven't seen properties coming back on the market. I struggle to believe that if this was the case there wouldn't have been chains falling through already as people must have realised they won't make it by now. If the chains fall through the buyers still exist don't they? Also while the market is cooling properties are still going under off way above last year. The whole thing is so far propped up as a ponzi that much of this has been driven by equity release: https://www.dailymail.co.uk/money/markets/article-9713523/Grandparents-use-wealth-homes-1m-day-family.html So if the thing falls the thing falls hard and we have bank collapses etc. So we are either going to get a 2008 style printing or we are going to get a complete collapse of our system.
  6. I think I'm a dinosaur but I made many of my lifelong career contacts who opened doors for me later from going down the pub after work. Perhaps the next gen will manage it different but I just don't see how that can be replaced
  7. I've been hybrid since around 2001. I find it amusing that people are just discovering this is a better way to live.
  8. The first thing we did as a tech startup when we could afford it was get an office. You could google meet 8 9 years ago no problem so it's hardly any different. We had one remote tech because he was cheap - which says it all. But he was never going to be top level. You cannot be creative that level and work from home. I've had the option for many years and hybrid working is the way to go. I moved to a place specifically for that purpose. Also there are many people that just do not want to work from home because of the isolation. It's unnatural.
  9. That sounds like a good idea, I'm going to need a new way of filling my time that involves something completely pointless and unproductive to fit in with the new normal.
  10. Try going on an hpc forum telling everyone you're buying a house and then getting annoyed when a lot of people give you an opinion you don't like,and then getting upset because they're all massively wealthier than you.
  11. Lots of remortgaging going on.
  12. Yep unfortunately it's more likely he was trying to put you off wasting his time than bsing you.
  13. House prices dropping in price? Are you serious? Try mass unemployment, social unrest, no ability to get medical attention. Just for a start. Been banging on about this since last year, and momentum is building. House prices are the least of the worries. You're so economically illiterate you don't understand the implications when an Entrepreneur tells you it makes no sense to run a business in this country anymore, and I am far from alone in this. No I'm not angry fullstop, life is good, I'm angry about this situation and I think you're a tool.
  14. So yeah basically I'm angry because there is no system in which to operate anymore. Which is a natural emotion. The reason I've had a successful business is because I'm honest with myself. Burying your head in the sand a singing la la la like yourself leads to trouble.
  15. The tenner is devaluation of the cash in my business which is there to protect the business, that instead has been given away for cheap mortgages for the likes of yourself. Wind down the business, get the cash out at 10% tax, stop bothering, because what's the point.
  16. Let me put it another way for you If someone robs a tenner off you, do you feel happy because they didn't nab 40 quid? Or do you feel violated and angry that they robbed you What do you think is actually happening right now?
  17. What are you on about? I made a lot of money from property I made a lot from my business Not buying into the ponzi scheme? I just bought another house. It's your generation that's screwed you muppet. Just because you place a value on wealth doesn't mean that other people don't. You have no idea why I'm angry about it because you're not wealthy.
  18. Why would I not be angry about it? I stick my money into overpriced property, or take my pick from volatile/overpriced assets. Meanwhile the costs to service my business go up and my margins become lower. The country is the wrong way up and nothing good will come of it. What's the incentive to continue with my business? If I feel f*cked how does the rest of the country get by?
  19. You find it interesting? I'd start paying more attention to how you're going to pay your house off...
  20. "There's no rush of people trying to go to Iran or North Korea for exactly this reason." Was that sarcasm? Just to be clear for those of us that are clearly unable to understand sarcasm...
  21. Pretty sure that wasn't a serious comment. Pretty sure yours was. Nevertheless, having tied yourself into an overpriced box in the UK in your twenties I can see why you're frustrated and wanting to convince yourself that's a really smart decision.
  22. From experience of living there that's total crap. I wonder whether anyone commenting on this has ever lived anywhere apart from the UK.
  23. Italy's price to income ratio is 9.52, so no not Italy, same as the UK. Try the US at 3.99. And I don't see irrefutable statistics just a meaningless chart. "High house prices" is a blanket meaningless statement when taken out of context with what it actually entails in a country. Try doing some research.
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