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Downtraded

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About Downtraded

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  1. Eric, please repeat until you understand and do something about it ........... "If I'm so smart, how come I ain't rich?"
  2. Thats interesting - Lets say that IR increases in 4 years time with inflation and continues to do so. In ten years, People will probably look back on what you've done and wonder why they didn't do the same when they has the chance. i.e. they "missed the boat" of low IR. In the end, its not about winning or losing - its about doing the best you can
  3. Read an article on the front page http://www.moneyweek.com/blog/there-are-fewer-homes-for-sale-in-britain-than-you-think-12901 It got me thinking about when someone should buy. Its not only about location (London, suburbs) If you exclude London.... If you have 100% funds, then the ideal time to buy is when you see a fire sale of properties - Sellers racing to the bottom to get shot of their property and you buy in November (IR gone up perhaps - unemployment rife). The question is when will that happen? it might not! However, if all you have is a 20% deposit, the timing above is not correct. The buyer has to take account of the availabilty of affordable mortgages in the near term. Now the problem here, is that current IR is low and so mortgages are artificially low and affordable. They may not be soon though. It may be that the firesale mentioned above still shuts out the "deposit" buyer because the mortgage cost is too high (that's why they are selling init?) It doesn't suprise me that London prices are holding firm. I personally think they won;t go down much more. As for everywhere else? I personally think no less than 10% in the next 5 years. If that is the case - why are people waiting?
  4. What do you want then? The problem you face is not HPI - its your depressed view on things. Start today - Here's your list of priorities 1) Money - Get out of all debt - Build up ISA tax free savings every year (never spend it) 2) Health (to stop your depressive thoughts) - Regular exercise - Stop drinking (and anything else) for a month. 3) Work - Stop working hard (get home early every night) 4) Get a hobby / interest 5) Forget about trying to get a girl/boyfriend - they will come to you if you're interesting enough 6) Move out of your parent's house - you pathetic mummy's boy. 7) Think about what you wanted to do as a boy (be a fireman / travel the world?) and DO IT. Lastly, don't think about "planning" your future. You will lose the next 10 years "paddling water" before you know it. Then you really will have reasons to be depressed. My guess is that you've past stage 1. If that is the case, do you really deserve any sympathy? I don't think so. IMO, its just your own skewed ideas of what to do with your life that's wrong. You're measuring your yourself against the perceived "success" of others WTF? Why not measure yourself on what YOU want to do. If you are so vacuous not to be different with visions of what you want to do....well god help you.
  5. I'm going to say this because its for your own good. STOP BEING SUCH A LOSER. So many excuses and "woe is me". Not only is it sickening, its pathetic - stop taking the weekend drugs and GROW UP. TBH when I read that you lost money on shares, I laughed at your greedy "I'm a businessman" stupidity. IMO, serves you right for trying to "get rich quick" Who cares anyway if you lost a bit of money - its not a big deal - Stop thinking its the end of the world - you've still got 2 eyes,legs, hands etc? Anyway, If your life is such an average F*kup, why not grow some balls and DO SOMETHING ELSE INSTEAD!!!! Go to another country, try Oz, America - Anything - just get off your fat **** and stop looking at the floor or the trails behid you. If you're so crap at your job that you can't get paid well, DO SOMETHING ELSE INSTEAD!!!! What the F*ck have you got to lose? What hae you got to lose?
  6. There's loads of different boats coming and going all the time. Its not all doom and gloom
  7. In London, during the 80s, people were renting single rooms in one house, and it cost a fortune. Dining room, lounge, study as well as all the bedrooms being filled. If anything, its easier today than it was then. It has always been the same thing - get on the housing ladder as early as you can and stick with it until its paid off. Everyone else is doing that, so you have to. Welcome to the treadmill
  8. Whatever you say captain! Meanwhile, get back to work to pay for my retirement and pension. Whatever happens to the 50/60 generation will be much better than what happens to you in old age.........
  9. I think you're looking at it the wrong way round. 7/8 of housing stock is currently OK. It was 1 in 10 last time that had neg equity - that situation endured fine for a 10 years. What's so different now? Sure the IR is lower today - but the same thing will repeat - it always does. The difference today is that current home owners are starting to pay less in a mortgage than the equivalent rent. If the same thing happens again - thats 10 years of low IR and then 15 more years before the house is fully paid for.....
  10. That not what I'm trying to say. Everyone has the right to buy or not to buy, to negotiate or not. The morality part for me is the extra step where you wish harm on others for no other reason than for your personal profit. That kind of thinking eats at the soul and no good can become of it. Put it this way, wishing ill generally of "Home owners" is not the same as finding out about the personal circumstances of a particular home owner and driving a hard bargain. Whilst the first one I personally despise, because of the lameness of approach, the second one, I think nothing more than the buyer being business minded. However, you may see that making full use of the unlucky for personal gain is immoral. You may be right, but noone is forcing the seller to sell except the seller - thats his problem and the buyer's gain. Ironically, that is your potential postion ATM except you are too stupid to do your homework on finding distressed sellers and being ready for the kill. The reason? because you think you have plenty of time..
  11. The only part that could be indecent was the wishing for a crash to get worse so that you have personal gain. However, if you recognise that, you're well on your way to both sorts of riches IMO. Its dificult to explain rationally, but the common trait of all the rich people I know, is that they have a personal vision of what they are trying to do in life. Each one doesn't sit around "waiting for a crash". Not only that, I've found that if you do what you think is morally "right" - even if it currently doesn't seem in your best interests (i.e. moving/renting/selling/buying for your family needs), you will end up richer in the end. I'm not saying buying a house is morally right - just if it seems to be the right thing to do. ATM its the wrong thing to do just for the purposes of buying a house because you can (or cannot) Those that chase the money, usually lose it like trying to find the source of the rainbow. Why? because you can never be rich enough. Its rather like the old adage about earning £1.00. 99p = happieness and £1.01 = disaster. Sounds like Jai was on the right side there and in truth thats all we only ever need to learn when it comes to money. You've done OK up to now and I'm sure will continue to do so - Don't be hard on yourself - Always believe in yourself - there's too many who won't. The wealthiest people I know think like you do. You just haven't made it yet. If you start tommorow then the the world is a better place for you and everyone who's lives you touch .
  12. OK, you think you can "sit back" and all will come to you? Its a different thing to track HPC news than to actually buy a house you want to live in. When you say you've "stopped bothering". Why is that? What makes you think it will be different in 6 months time? IMO, the best houses are ones that rarely come up for sale, because people enjoy living there too much. Also, the houses considered desirable by most, almost always sell for more than you think they should. Like anything in life, If you're serious about something, don't mess about if you find it. If you're going to do something, then do it as efficiently quickly as you can - Snooze you lose is always valid - even in a slowdown like this. You should re-consider your "can't be bothered" attitude as nothing to smile about - its just a malaise on your part. That vapid grin is just you trying to justify slothful indecision - a character trait that will make you lose in the longterm. It might seem to you that you're "doing the right thing" with an illusion of bring in control at the moment, but the truth is, you are doing nothing....
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