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House Price Crash Forum


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About bueller

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    HPC Newbie
  1. Errr.... to make a pile of cash? Or so that when prices fall you can buy a much nicer place to live in than you had before? I do understand that STR is not for everyone, but for me as a young(ish) single chap it was a no brainer. Couldn't be happier with the decision - and agree with some other posters that the freedom is the best aspect. If I decide to quit my job and go travelling I give one mths notice and I'm off. Love it! It does of course help that prices in my old town fell 4.4% last mth - not sure the freedom would be so great if it had been +4.4%!
  2. You're not listening to me. 'Fantastic News' refers to news that house prices are falling NOT THAT PEOPLE ARE BEING MADE HOMELESS! They are completely different things. Not sure how to explain this any more clearly. If I borrowed 100K to buy a car and then lost money on it would you feel sorry for me? No-one held a gun to anyone's head and forced them to buy a house! Anyway this is beside the point - if you think the posters on here are heartless then I reckon you'll soon find out that markets can be real b*stards!
  3. I know I've already wittered on about this but this kind of thinking really gets my goat. I don't think (m)any of the posters here are sitting around stroking their white cat and laughing maniacally at the thought of families being turfed out of their homes. They just want house prices to fall. If people are cause 'serious financial difficulty' by this then that is unfortunate but not the fault of anyone else. Before buying an asset for several times your gross income using a large amount of leverage it would be wise to run through a few possible (likely?) scenarios and to see if you can cop
  4. Nietzsche had something to say on this: "Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you."
  5. nice like asking me what my problem is? I don't own a house. Neither did I chose not to buy. See if you can work it out... I want house prices to fall so I can buy a nicer place than I used to have. It's a market, and I take responsibility for my actions in that market. If people go bankrupt because they have overextended themselves in the market then that's a shame but nothing I can do about it. I am on here because I'm interested in house prices.
  6. WTF are you talking about? Firstly how do you know whether I chose to buy or not, are you psychic? Secondly, I don't have a problem, and I'm not sure how you managed to come to that conclusion from my last post.
  7. I don't wish misery on anyone. I just want house prices to fall. If people end up 'bankrupt, repossesed or too broke to even buy food' because of that then I would suggest that is their own fault. It is unfortunate, but people always have a choice as to whether to buy a house or not.
  8. I'm not sure belief in free markets has often been described as 'world hugging' before... Interesting take on it. My point was simply that people didn't complain about outsourcing when the benefits were obvious to them - cheaper clothes, electrical goods etc. Now people seem to want to put the genie back in the bottle because 'middle class jobs' are now going. BTW - you haven't mentioned what you think the alternative to outsourcing is? Perhaps we could shut off our markets to other countries like... ummm... North Korea!
  9. I work in IT for an outsourcing company. My job could go at any minute - it is constantly under threat. I don't want anyone else to have it. Thats why I work hard to prove to my employers that they shouldn't outsource me. My point is simply that I have to compete with these guys, not spit the dummy and complain that 'it's not fair, those nasty Indians have taken my job'. What do people here who are complaining about outsourcing think we should do? Ban it?
  10. The pathetic whining of some people on this forum makes me want to puke. You have enjoyed the benefits of globablised markets for years now, all along benefitting from people in developing countries often working in pretty grim conditions for not a lot of money. Now, these developing countries have dragged themselves up to the point where they can compete for higher quality jobs and suddenly globablisation is not so much fun any more! Tough luck. Either you compete or you lose. Why do you deserve these jobs if someone else can do it better and cheaper? Everywhere you go these days you he
  11. Why does the West have a monopoly on middle class jobs? Why shouldn't Indians do them? The middle classes have enjoyed the benefits of outsourcing for years, it never seemed to be a problem while it was only poor people who were losing their jobs... If Indians/Chinese/Martians can do the job as well as we can for less money can you give me a reason why they shouldn't? Good luck to them I say, and if that includes my job I can't really argue with it.
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