Faithman Posted October 2, 2004 Share Posted October 2, 2004 Would HPC members please indicate their current state of house ownership. Thanks and all the best for the retention or acquisition of a secure home for you and your family Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted October 2, 2004 Share Posted October 2, 2004 what about "happy with my house / accomadation arrangements"? Bit of an obvious one you missed there. Quote Link to comment Share on other sites More sharing options...
Faithman Posted October 2, 2004 Author Share Posted October 2, 2004 No I did not include this, as it would be an easy cop out and I think most would only be here if they have an angle. I think you may be an investor? yes? Quote Link to comment Share on other sites More sharing options...
wtc Posted October 2, 2004 Share Posted October 2, 2004 we're all investors in some of another, every man, woman and child is... just in different markets Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted October 2, 2004 Share Posted October 2, 2004 My husband and I would like to buy a home for our expanding family. We have two children and live in London. We will need to save for a few more years, I reckon, which is not easy when you have 2 sets of nursery fees. In my part of London daily fees start from approximately £40.00 per day! Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted October 3, 2004 Share Posted October 3, 2004 What I find most interesting about this thread is the word 'need' in the opener. Surely people don't need houses? I thought they were to be traded like shares, in & out while the market moves swiftly up & down etc etc. Quote Link to comment Share on other sites More sharing options...
Mart Posted October 3, 2004 Share Posted October 3, 2004 TTRTR, you've missed our point. We ALL recognise that the housing market is just that - a market, what we disagree with is the idea of entering the market now. What I guess a lot of us are kicking ourselves over (me included) is not buying 4 years ago when house price were affordable, but, I for one am not going to compound my problem by entering the market now, rather I'll wait until the law of supply and demans restores some sanity to the prices and pick up a bargain using my savings to either buy outright or fund a large deposit. Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted October 3, 2004 Share Posted October 3, 2004 Fair enough, I'm just having a go at the STR's. Quote Link to comment Share on other sites More sharing options...
captain sensible Posted October 3, 2004 Share Posted October 3, 2004 (I'm new to this so bear with me please)<{POST_SNAPBACK}> you've come to the right place but as sledge says you haven't given me an option to vote for! "Really ******* happy renting with no desire to buy right now" Quote Link to comment Share on other sites More sharing options...
Bluelady Posted October 3, 2004 Share Posted October 3, 2004 You haven't given me one either - perfectly happy with current house and no intention of selling for another ten years. Top of the next boom with a bit of luck! Quote Link to comment Share on other sites More sharing options...
Dicky Posted October 3, 2004 Share Posted October 3, 2004 You haven't given me one either - perfectly happy with current house and no intention of selling for another ten years. Top of the next boom with a bit of luck! <{POST_SNAPBACK}> Whats wrong with this boom? Quote Link to comment Share on other sites More sharing options...
Bluelady Posted October 3, 2004 Share Posted October 3, 2004 It's past the top and on the way down, too late to cash in for maximum profit now. Quote Link to comment Share on other sites More sharing options...
Smeagle Posted October 3, 2004 Share Posted October 3, 2004 You haven't given me one either - perfectly happy with current house and no intention of selling for another ten years. Top of the next boom with a bit of luck! <{POST_SNAPBACK}> So you will sell your house and then have to pay way over the odds for somewhere else to live. I've never understood how people assume that an increase in the value of their house is always great. An increase in value is only good if it is relative, i.e. your's has increased and nobody else's has. In fact, if all houses in your area rise by the same proportion, then you end up losing because the difference in price between your house and the one you are aiming for also rises by that same proportion. Or maybe I just don't get it. Anyway, I wouldn't say I NEED a house. I'm 23 and buying a flat in the next 2 or 3 years would be nice but it depends largely on how my job works out and if I like it here (the town I recently moved to that is). Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted October 3, 2004 Share Posted October 3, 2004 It's past the top and on the way down, too late to cash in for maximum profit now.<{POST_SNAPBACK}> We're about four months into the downturn, and that is more like a plateau. Remind me how long th elast downturn lasted bluel? Too late? maximum profit? With that attitude you'll be lucky to avoid selling at maximum loss. Quote Link to comment Share on other sites More sharing options...
Dicky Posted October 3, 2004 Share Posted October 3, 2004 So you will sell your house and then have to pay way over the odds for somewhere else to live. I've never understood how people assume that an increase in the value of their house is always great. An increase in value is only good if it is relative, i.e. your's has increased and nobody else's has. In fact, if all houses in your area rise by the same proportion, then you end up losing because the difference in price between your house and the one you are aiming for also rises by that same proportion. Or maybe I just don't get it. Anyway, I wouldn't say I NEED a house. I'm 23 and buying a flat in the next 2 or 3 years would be nice but it depends largely on how my job works out and if I like it here (the town I recently moved to that is). <{POST_SNAPBACK}> In 2-3 years time flats will be selling in the pub for £30, just like 94 after the great crash. Quote Link to comment Share on other sites More sharing options...
Bluelady Posted October 3, 2004 Share Posted October 3, 2004 No, you don't get it because when we sell this house it will be to downsize. Don't automatically assume that everyone selling is looking to go somewhere bigger and better, it isn't always the case. Quote Link to comment Share on other sites More sharing options...
Smeagle Posted October 3, 2004 Share Posted October 3, 2004 No, you don't get it because when we sell this house it will be to downsize. Don't automatically assume that everyone selling is looking to go somewhere bigger and better, it isn't always the case.<{POST_SNAPBACK}> Sorry, my bad. Quote Link to comment Share on other sites More sharing options...
beerhunter Posted October 3, 2004 Share Posted October 3, 2004 What I find most interesting about this thread is the word 'need' in the opener. Good point.. all of us don't need a house... but we need somewhere to live... they are not the same. Quote Link to comment Share on other sites More sharing options...
lookinggood Posted October 3, 2004 Share Posted October 3, 2004 I find it quite interesting (everyones arguments that is) but what we need is all you sellers to get selling, really start this house price crash!!! Cause its the sellers that will panic that buyers are not entering the market and prices will really start to slide (thats my belief anyway!) I voted for needing a house! Im 28 self employed with three children both me and my partner are on good money and we are First Time Buyers (holding out for the panic) we are desperate to move into a bigger house - but no more council houses left (should be grateful really) house prices have only increased because the percentage of lenders lending money has increased quite dramatically to 7 to 8 times borrowers incomes. People on Family Tax Credit have been able to buy houses for goodness sake!! also Gordon Brown has OVERPAID MILLIONS in Tax Credits - which of course must make the economy boom just a little bit more - i think the whole thing is a fast. increased benefits, more disposable income, more jobs, more spending etc, etc, etc.... of course Labours statistics look good - there playing with them. any way im getting off the subject - hope all makes sense!! madi Quote Link to comment Share on other sites More sharing options...
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