Jump to content
House Price Crash Forum
Sign in to follow this  
200p

The Secret To A Property Wealth Empire!

Recommended Posts

Is that Bardon? Forever hpi.

Don't be stuck in stressful at work in top flight careers, saving for a deposit. Relax with borrowing and forever hpi and punting hpi fluff to other people who will be rescued by hpi protection team.

Good job banks never run out of money to bring down values, and when they do there's trillions of global QE and stuff, to support the victim forever hpi-ers who never knew what they were doing, and lock in hpi for the older owners. And oubid again by the no savings/no real deposit HTBers.

Share this post


Link to post
Share on other sites

Something similar was possible with tech stocks for years upto year 2000. Those that continued to gear up for the long term in year 2000 would find it didn't work so well from that point on.

Many people thought that sector was going to continue to boom for years on end. It didn't though.

Edited by billybong

Share this post


Link to post
Share on other sites
Quote

Something similar was possible with tech stocks for years upto year 2000. Those that continued to gear up for the long term in year 2000 would find it didn't work so well from that point on.

Many people thought that sector was going to continue to boom for years on end. It didn't though.

The Maestro Alan Greenspan took Paul Krugman's advice and blew up an even bigger housing bubble to replace it.

Share this post


Link to post
Share on other sites

Is that Bardon? Forever hpi.

Don't be stuck in stressful at work in top flight careers, saving for a deposit. Relax with borrowing and forever hpi and punting hpi fluff to other people who will be rescued by hpi protection team.

Good job banks never run out of money to bring down values, and when they do there's trillions of global QE and stuff, to support the victim forever hpi-ers who never knew what they were doing, and lock in hpi for the older owners. And oubid again by the no savings/no real deposit HTBers.

These guys can do the maths.

They just apply it to the wrong entity.

They are entirely dependent on the maths working for the tenants...they have a limit on what they can spend. So do the potential buyers when the time is right to cash out ( which will be never according to the video).

Share this post


Link to post
Share on other sites

Doh I wish I found this out at the start! :lol:

Buying property with debt and sitting on it with little or no income will not make anyone rich....the tenant who pays the rent/ interest required generates the wealth for the lender.....empty property with no or little income, or property full of tenants with little or no income won't make anyone wealthy...it only costs money for the borrower. ;)

Share this post


Link to post
Share on other sites

These guys can do the maths.

They just apply it to the wrong entity.

They are entirely dependent on the maths working for the tenants...they have a limit on what they can spend. So do the potential buyers when the time is right to cash out ( which will be never according to the video).

Perhaps you'll understand why there can be little or no sympathy then?

Need the stomach to allow hpc, for future generations (when we're long dead), and not to be soft with excuses that the VI bring on policies which protect the VI and younger buyers who massively outbid others, choosing to take on big dangerous debt for a house, and often full of VI's reasoning on forever hpi. They will only learn the hard way, not with reasoning / explanations or logic.

An existing paradigm is seldom dispelled by evidence alone. As Keith Thomas has written, "Such systems of belief possess a resilience which makes them virtually immune to external argument." A people whose culture grossly misinterprets certain facts will not necessarily reason their way to a more encompassing worldview until forced to do so by the brunt of economic necessity or military defeat. Reason does not alter values.

Latest HTB buyer I saw on BBC News was hoping for more hpi so he could trade up in the future, with more equity to put against a much more expensive house, with housing expert Kate Whatsherface next to him. Standby for Kate's 25%-30% hpi houses-more-expensive greatness in the South over the next 5 years, whilst championing her HTB schemes.

Ive just had a peruse of that link, having read the some of the previous thread on MSE and commented.

I think there is something wicked about those guys...they have no care or thought about the consequences of what they are encouraging on the community as a whole.

cant get on the ladder?...get a better job..its your fault.

cant get a mortgage?...get skilled up and earn more.

you rent?...you are stupid.

They idolise the balance sheet...they relish paying more for the next rung..they demand more borrowing to support their run of "good luck and canny investment".

The mindset of self destruction, morally and for many, financially.

Share this post


Link to post
Share on other sites

Buy in 1997?

Bingo!

It 'works' during the expansion phase of the credit cycle. It doesn't during the contraction/deleveraging phase. Plus, you can't be sure which asset classes the money will flow to during the credit expansion, although clearly it's been houses for the last several.

It also depends on whether the 15/16 yr credit cycle obtains in the future with CBs new countercyclical policy. Fwiw I suspect they'll have some effect but fail to damp it entirely (which I further suspect is exactly what the outcome they're seeking).

2004-2007 was really just a typical 3-4 yr bubble at the tail end of that much longer credit cycle caused by the securitisation/derivatives market. That was the blow off phase. As we know in the US that completely burst back to trend, but in the UK in sterling at least BoE prevented the full burst 'cause of the impact on the wider economy due to the outsize banking sector, although in dollar terms it looks quite different (i.e. BoE devalued to offset the worst of the bursting bubble, forcing some of the burst into inflation and real wage falls instead of nominal price falls).

Edited by R K

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.