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House Price Crash Forum


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Posts posted by sta100

  1. On 6/24/2021 at 9:51 AM, Marshall211 said:

    I agree some properties are coming back to the market either at the same or higher higher price bands. However, with one week to go for the June 30 deadline, I am yet to see a flurry of breakages of chains compared to normal times. May be we will see more as days go by. Else, it will further support the notion that there is a genuine surpassing of demand over supply and therefore, the prices will continue to be maintained even after SD Holiday ends. 


    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.

  2. 8 hours ago, coypondboy said:

    So you can add the bank of gran and grandad to the bank of mum and dad and both can act as guarantor for the lender who only needs a 5% deposit for the grandchildren/children to get on that ladder.  What could possibly go wrong if everything is going up?

    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.

  3. On 6/16/2021 at 2:23 PM, Timm said:

    it's going to be absolute carnage.

    1. Lots of purchases have been brought forward from the future. Those people won't be buying again soon.

    2. Lots of chains are going to fall through - 50,000 is felt to be a conservative estimate.

    3. Lots of potential buyers are going to find that not only has their deposit just reduced, so has the amount they can borrow.

    4. Some chains will be held together after the deadline by everyone reducing their price a bit. This will show up in the stats. 

    We are talking market meltdown here. More importantly, Sunak would never be PM. For this reason, I would not be at all surprised by a last minute U-turn for established chains.

    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:


    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.

  4. 2 minutes ago, iamnumerate said:

    Being liked by management is the difference. I have known talented popular people made redundant and replaced by idiots because their management was jealous of them. (An idiot is no threat).

    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

  5. 7 hours ago, Confusion of VIs said:

    🙂 No a Director (CIO) in a young fast growing organisation but long in the tooth enough to know that no matter how good you are or what your HR policies are it is the personal relationships you build with the more senior staff that govern who gets ahead.

    I hope it goes well for you, its a good move for anyone who has managed to progress as far as they want and enjoy their role. One thing to watch for is that it isn't only big corps that act like big corps, my last two jobs have been in start ups and its amazing how quickly they start to mimic corporates and have the same communication and management issues.     

    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.

  6. 11 hours ago, yodigo said:

    You should go on A Place in the Sun, Escape to the Country, or (cough, cough) Location, Location Location, then you can be the twonk that rejects a lovely detached house because the kitchen isn't "open plan", or the bedroom isn't the size of a Saudi Prince's, or 3 acres just isn't enough for your (non-existent wannabe) horse.

    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.

  7. On 6/12/2021 at 9:58 PM, Twenty Something said:

     If you want to provide specifics of my head burying



    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.

  8. 10 hours ago, Tiger131 said:

    Sorry, I hate to say it but they aren't talking bull, even round here "Oop North" people are now bidding 30-100k over the asking price on properties in that price range.

    Yep unfortunately it's more likely he was trying to put you off wasting his time than bsing you.

  9. On 6/12/2021 at 9:58 PM, Twenty Something said:

    If you want to wind your business down because it’s not worth it anymore then nobody is going to stand in your way. One of your competitors will gladly pick up the slack I’m sure. That’s capitalism for you, nobody is forcing you to do something. 

    As for burying my head in the sand? Based on what? I’m fully aware houses could drop in price, I’ve said as much many times on here. I’m cognisant that QE has happened, debt has increased and so on so forth. You’ appear to just be angry fullstop. Nothing you’ve put above really makes any sense. Lots of vagaries and then your usual make something up and go ha as per earlier in this thread. Are you able to construct a coherent argument? If you want to provide specifics of my head burying then we can engage in a grounded debate. If you’re just going to continue with being childish then there is little point. 


    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.

  10. 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.



  11. 1 hour ago, Twenty Something said:

    Gonna keep this short for you...

    What is my generation? 

    So you have 700k cash and a house, and then however much extra lying around? And you're still this angry?

    I do place a value on wealth yes. Most people do. Not sure that sentence makes any sense? Take a deep breath and give it another go?

    As per the above, no I don't have an idea why you're so angry, but angry you most certainly are. Raging angry. Instead of chucking insults around you could have a go at explaining why you're so angry so that the underclass such as myself can understand? (Little bit of sarcasm there FYI).


    Then onto the second post to keep it all together....

    What is the tenner and what is the forty quid? Is the tenner the extra that you feel property is overpriced by at the moment? In that case I am happy that I have the £30 (equity?) that I wouldn't have otherwise had in my pocket without having a mortgage on a home, and in the future that £30 I bet you will be worth at least £60, so I have in the grand scheme of things lost a tenner, but gained £50? I'm probably pretty happy depending on whether or not knives and guns were involved and I'm left with PTSD? Has the government, sorry the mugger forced me to carry £40 in my pocket, or have I carried it at my own free will? What if I had put that £40 into a business and it was one of the 80% that fail in year 1? Would I be more upset at having £0 in my pocket? 

    What if actually I just like the feeling of the £40 in my pocket and don't really care about losing a tenner in the supermarket or on some scratch cards? What if having the £30 that I'm left with just makes me feel warm and fluffy inside so I don't burst a blood vessel trying to 'win the internet'?




    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.



  12. 10 minutes ago, Twenty Something said:

    I would imagine the incentive to carry on with your business is that it has made you three quarters of a million quid in cash? Seems a little strange to question why you should carry on if you are that successful? Just as it seems a little strange to be quite so angry about house prices given that you could buy in cash pretty much anywhere you want barring a few exclusive postcodes. Indeed, if your reality is the same as that which you post on here, I would suggest that the vast majority of people would be quite the opposite to you - very happy and grateful that they are in a reasonably exclusive group of high net worth individuals. 

    Now of course you are one of many on this site who claim to have vast sums of money in stocks, shares, cash etc etc, and who also like to point out you are sticking a finger up to the property owning classes and bankers by not buying into their 'Ponzi scheme'. But assuming we take you at face value, that's a choice you are making rather than an enforced way of living. If you had a low income job and were working 14 hours a day 7 days a week, and seeing all your money swallowed by London rents then yes, I would understand a large amount of anger and frustration. This is the situation that some of my team members are in at work, and they live hand to mouth each month as they have little / no spare cash to do anything with. If however you are in a position whereby you could buy a decent property in most of the country for half of your cash wealth, and then still have £350k in reserve just incase, then I still don't understand why you are so angry. 

    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.


  13. On 6/9/2021 at 10:33 PM, Twenty Something said:

    You’re certainly very angry about house prices given you are someone who has 700 grand of cash in the bank and a hugely successful business. Some might say suspiciously angry. 

    I’m going to pay my house off with a mortgage just like many others in this country. <semi sarcasm>

    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?

  14. 24 minutes ago, Twenty Something said:

    Not everyone no. There is sensible debate on here which I leave alone. I find it interesting to showcase the repeated failings of a select few who are so repeatedly wrong I’m starting to think it’s the most elaborate long game of trolling ever. 

    You find it interesting? I'd start paying more attention to how you're going to pay your house off...

  15. 17 minutes ago, Twenty Something said:

    Oh dear. You’re taking a statement of go buy a three bed house in North Korea I hear the weather is lovely as a serious comment? I know sarcasm can be lost in text, but honestly? 

    As for the rest of it, yup, joined this site in 2005 at the age of 4, and luckily I got a nice big mortgage using my lucky crayons. My mum pops in every day to feed me, and I’m hoping to get into my first choice primary school next year. 

    PS - the above is sarcasm just to be clear for you…

    "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...

  16. 4 minutes ago, Twenty Something said:

    I know - check back and see who it was who suggested North Korea as an example of how much earlier you could retire. Oh, they also suggested Iran too. Once you’ve done that and are up to speed, come back and join us and we can catch you up on what you’ve misunderstood next. 

    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.

  17. 2 minutes ago, skinnylattej said:

    The problem with the USA average = 3.99 is that many nice places are not much cheaper or about the same as prices in the UK, and the really cheap places aren't where you would want to live.

    From experience of living there that's total crap.

    I wonder whether anyone commenting on this has ever lived anywhere apart from the UK.

  18. 21 minutes ago, MonsieurCopperCrutch said:

    Ah I see, so the debate is about the young moving abroad to mitigate themselves from 'high house prices' after which you losing the argument when presented with clear irrefutable statistics, you then switch to 'quality of life'. Your laughable nonsense continues. The young have nowhere to go to avoid high housing costs, bar Italy, and you know it. 

    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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