thedude Posted February 20, 2015 Share Posted February 20, 2015 I love it here, it's refreshing to get counter views than the crap put out by the MSM. I guess there is a certain amount of cyberbalkanization here and I do feel like the increase (personal) cynicism may not be good in the long term. I almost feel like there is some kind of socio-economic radicalisation going on (red pill moment). HPC has been a huge part in opening my eyes to alternative media which has to be a good thing in terms of breaking certain entrenched mindsets typical in the UK. I think with the recent Oborne/HSBC scandal it's slowly starting to get through but I feel we are still in a tiny minority unfortunately, I think weekly wipe is a bit of a lonely light in an ocean of darkness as far as the beeb are concerned! Anyway just thought as a massive lurker (I was here years before I even registered!) I would chip in. I still kind of miss Sibley and McTavish, and to a lesser extent that EA that used to come in with the animated wine drinking emoticon (rinoa?), so annoying! That iraqi information minister jpeg was always pretty priceless whenever it popped up. Quote Link to comment Share on other sites More sharing options...
CaptainSwing Posted February 20, 2015 Share Posted February 20, 2015 Not one person from HPC predicted the lengths the state would go to, to protect and reinflate the bubble. I don't think anyone could have predicted the silent consensus around keeping prices high. The point of this site is to note the fundamentals are out of whack. There would be no need for the government intervention were they well balanced. Quote Link to comment Share on other sites More sharing options...
BlackSwan Posted February 20, 2015 Share Posted February 20, 2015 I have been on and off this site for years and don't miss the likes of McTavish and Sibley. They viewed us HPC ers as small minded jealous people who simply wanted to gain from other's misfortune (as they would put it). They couldn't see that we were actually arguing against the damage that HPI was causing to the very balance of society as they were happy being the beneficiaries. No one can argue that society is better off as a result of HPI. The financial crash and consequent fixes have made this country a worse place to live. Instead of competing with each other through endeavour and enterprise we are now a society that seeks to compete through denial and strangulation. I would love to return to a time when your lifestyle reflected your economic achievement rather than your access to assets. Quote Link to comment Share on other sites More sharing options...
Samboy Posted February 20, 2015 Share Posted February 20, 2015 We don't need you rubbing it in, with depressing no-HPC posts. I think you're an EA too / or anti-HPC. "No sure why I signed up to HPC?"... 7 Jan 2015.... what suffering you've been through during past few weeks, yet it's possible you've been around in other forms in the past; going back to 2004-05 regrets - of course you could have just done lot of reading/older posts. I will hold out; the banks can handle 35% HPC and a whole gamut of other things like hard recession, whilst into the reflation they've been offloading bad positions and restructuring... really get the sense you doubt HPC or trying to persuade others here it's over for us... might as well buy. Just why are you prioritising these opposing views as so required on HPC? Been banned before? You sure know a lot about it. We link to forever HPI/No HPC positions all the time on other forums and in MSM. We fully are aware of other positions for forever HPI, no HPC etc. No need to have them plastered all over the forum, when most of them hold very little substance. Including your last run of depressing posts. Also if you really believe TPTB won't let it happen, forever 0.5% stimulus... then why are you here? Why would i be an estate agent when my day rate doing my current job pays more in a day then they get in a week? Oh yes im so anti HPC, i just love the thought of spending 250K on a 3 bed terraced property. So much so that i've had to hold off for 10 years to do so. Sums up your inability to reason when all you want is to debate with people who cheer you on. Quote Link to comment Share on other sites More sharing options...
Samboy Posted February 20, 2015 Share Posted February 20, 2015 (edited) Came to the same opinion after reading his early post's. His tactics reminds me pretty much of the deep entryist militant tendency type that use to hang around in the Labour Party during the 1980's. He has no solid equilibrium position from which his analysis takes place and thus his comments read as inauthentic. My equilibrium position is i want a fckn 3 bed detached house around 90m2 to live in for around 200k in Hampshire. (which is about 50K overpriced) But my simple comment sums many on this site up, i mentioned debate with opposing views and i get the usual Estate agent nonsense. Edited February 20, 2015 by Samboy Quote Link to comment Share on other sites More sharing options...
Samboy Posted February 20, 2015 Share Posted February 20, 2015 (edited) Not one person had even heard of QE, but it came out of the woodwork of Central Bankers. HPC pointed out, investigated, taught us what these things were, the reason why they were ignored, encouraged, kept alive by a banking system that has its financialised hands closed on the throats of the West. Yes, HPC is a great place to learn. The Japanese had been doing their own version of QE long before our crash to prop up their banking system and over indebted. Edited February 20, 2015 by Samboy Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted February 20, 2015 Share Posted February 20, 2015 I have been on and off this site for years and don't miss the likes of McTavish and Sibley. They viewed us HPC ers as small minded jealous people who simply wanted to gain from other's misfortune (as they would put it). They couldn't see that we were actually arguing against the damage that HPI was causing to the very balance of society as they were happy being the beneficiaries. No one can argue that society is better off as a result of HPI. The financial crash and consequent fixes have made this country a worse place to live. Instead of competing with each other through endeavour and enterprise we are now a society that seeks to compete through denial and strangulation. I would love to return to a time when your lifestyle reflected your economic achievement rather than your access to assets. I would guess Aberdeen is heading that way right now, so McSpamish will probably have pause to think it all through a bit more now. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted February 20, 2015 Share Posted February 20, 2015 My equilibrium position is i want a fckn 3 bed detached house around 90m2 to live in for around 200k in Hampshire. (which is about 50K overpriced) But my simple comment sums many on this site up, i mentioned debate with opposing views and i get the usual Estate agent nonsense. If your day rate is so high then why worry about 50k, you might as well just buy something you want to live in? I don`t think 200k is going to get you what you want in Hampshire, surely one of the most expensive UK areas? Quote Link to comment Share on other sites More sharing options...
Samboy Posted February 20, 2015 Share Posted February 20, 2015 I would guess Aberdeen is heading that way right now, so McSpamish will probably have pause to think it all through a bit more now. With QE and 0.5 ones ability to get credit still seems the best way to wealth. My job as an estate agent led me to working on a drill ship in Tanzania the last few weeks, working 30 metres up in the air off a crane under the drill floor for whats deemed a lot of money certainly doesnt get me very far in life. Quote Link to comment Share on other sites More sharing options...
Samboy Posted February 20, 2015 Share Posted February 20, 2015 (edited) If your day rate is so high then why worry about 50k, you might as well just buy something you want to live in? I don`t think 200k is going to get you what you want in Hampshire, surely one of the most expensive UK areas? Because i can only work 60-90 days a year due to being a single parent and even if i could work more saving 50k throught manual labour is a very hard thing to do. What i wnt is priced around 250k at the moment, prior to HTB2 it was around 210k and falling, i would have bought in 2014 if prices had continued falling but in hindsight its proved to be a bad decision, though i hope this will change after May.. Edited February 20, 2015 by Samboy Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 20, 2015 Share Posted February 20, 2015 The Japanese had been doing their own version of QE long before our crash to prop up their banking system and over indebted. good. Im glad you were here to inform us, and the Western World that fact, in 2007. Quote Link to comment Share on other sites More sharing options...
Errol Posted February 20, 2015 Share Posted February 20, 2015 Guy I've been working with for a few months saw me looking at HPC the other week. We've never really discussed matters such, his reaction was something along the lines of "housepricecrash, love that site".... Made me laugh... feels like a secret club.... He hasn't read the rules. The first rule of HpC is that you do NOT talk about Hpc ... etc Quote Link to comment Share on other sites More sharing options...
renting til I die Posted February 20, 2015 Share Posted February 20, 2015 (edited) yep, found this: http://www.propertyinvestmentproject.co.uk/blog/house-price-crash-hpc-website-mentality/ That was hilarious! We might have to do one for all the HPI lovers! I think is a fair point to say that sometimes the debate on here can become a little, hmmmm, one sided! But who on earth do you think is gonna come to a website called 'house price crash'! Obviously people that feel UK properties overpriced (née overvalued but that's a different debate)! Think of all the nuggets of information gold (opps, gold bug alert!) which would be missed if it wasn't for this site. However he is disingenuous to HPC, as there are the same opinionated mindsets whichever website you go to, whatever their bias! Of course he has his own LL bias to deal with! As for Verger calling everyone, with even a slightly VI view or showing the slightest bit of sympathy towards the ignorant public, an EA. Well, isn't that just a rite of passage into the HPC crowd! Edited February 20, 2015 by renting til I die Quote Link to comment Share on other sites More sharing options...
madmax2 Posted February 20, 2015 Share Posted February 20, 2015 (edited) (just checked and it says "46 posts" to my name..I dispute that fact:-)...I think this is my third or fourth or fifth post..and I cant remember when I signed up...cgnao was about still..) hello. lurky-mc-nohouse here the day I signed up here I took the wife out to dinner I was so happy. I had found "others" who shared my view. Some history: background in big I.T., live in London zone 4 , I work, she works, we both save, lead a simple life, could never find enough for a deposit....was brought up straight and honest, no lying.....lying on a mortgage application= jailtime surely...so no lying. Everybody at my work bought, I didnt...could never figure out how they got the money..*sigh*..must be inheritance. Wife's father had been on my back many many times, I just told him we dont have the money. We carried on renting. Savings were 5figures+, but hey, thats not the 10% required for a £300k house around here. Son got cancer, my eye was off the ball, by the time I looked back at things, it was horrible. Anyway, turns out half the country were lying on their self-cert, that explains that. Bunch of flippers, plus councils using my money against me to outbid me on a house...so yeah, stuff it all sideways. Sitrep: due to "unforseen" circumstances our economy went into the toilet, and then we magicked up a bunch of money and gave it away and then the company I worked for went bust and I have since been unable to find work. You can apply for job all you want, you just get ignored. Billy and bobby lying-faces next door keep carrying on about how much their house has made, and they both work really stupid jobs that require zero skill. I've clearly done the wrong thing. I shouldve just lied. Sitting unemployed, but like others, cant claim benefits due to being a frugal person and taking into account my life, and not the ife of the credit card...., landlord has just written to say these bricks be wanting an extra £110/month "just because". Savings are now three times what they were, but it wont last forever. And it still isnt enough for a deposit. I can however, buy a s/h Aston Martin for cash should I choose. But bricks...no man...that aint gonna happen. Peace to my HPC brothers+sisters...I visit multiple times a day and read up about our problems, and leave when I feel a compellig urge to throw the laptop out the window. Long term: probably leave this country...my son is almost of age to start working/university....he has never had a garden or a dog. I will probably encourage him to lie as much as possible..be it on his cv or any other instance. The modern way is to stuff over your fellow citizens as much as possible to get ahead. England: truly a ******ing mistake to come here and be honest...those days are over. Thou shalt only lie to thine own advantage, and deny everything until it is proven. The Almighty £ound shall rule in all circumstances of dispute. (and to whomever runs this place, thank you. I'm really all alone in my views except for this haphazard bunch of HPC'rs) I honestly dont know what tomorrow will bring. Buying a house shouldnt be the gamble it is. I hate you Tony Blair, your friend Gordon brown and your pal Dave. You all do the same stuff...encourage *whatever* as long as it makes money. Try doing the *right* thing irrespective of money. joke: What the difference between an Aston Martin and a house in Ilford??? One of them isnt shit Edited February 20, 2015 by madmax2 Quote Link to comment Share on other sites More sharing options...
janch Posted February 20, 2015 Share Posted February 20, 2015 madmax....don't give up! At least you have your integrity unlike your neighbours and when the HPC happens they will mostly be up s*** creek without a paddle. I've been expecting a HPC since 2003 as I can remember saying to someone I worked with that my house had earned more than I had in the previous year. This was in Cardiff not London and I only earned a modest salary but it all just seemed ridiculous. Since then my children (mostly of about the same age as most on HPC I would say) have left home and 2 of the 3 have purchased properties but with a struggle and only with good salaries. I am one of those awful "boomers" but I agree most my age are selfish b******* and I would also add that many in my mother's generation are equally bad with their QEII cruises and the like whilst their children struggled (I was a lone parent bringing up the 3 kids). My mindset has always been the HPC one and I downsized in 2008 expecting a considerable crash which as we all know hasn't happened (yet). I've learnt a lot from this site and the debate is useful with some good info and anecdotes. I visit most days and my favourite thread at the moment is Damik's prime London crashing.......let's hope it's the start of something big. Quote Link to comment Share on other sites More sharing options...
madmax2 Posted February 20, 2015 Share Posted February 20, 2015 (edited) thanks janch, I wont judge you by your birth or your circumstance, dont worry...we're all in this together :-) I cant really tell you what emotion I have about this situation...I'm not sour..all the choices I made were mine. I'm not unhappy...my boy is alive, my wife is a happy person by nature. I have kind of removed myself from the equation.. In the sense, I've given up on owing my own place, and put all resources into my son. "My" generation...got skipped, and the only hope for him, is if I just ignore me and my wife, get him started. Sort of.."hey, look at this cool mistake I have made, I cant fix it, but I can prevent someone dear to me from making it too". I have worked for some very rich Londoners, and 100% of them are neck-deep into being landlords on the side..they all have multiple properties. It is actually sickening. Like, I have felt like I wanted to throw up when talking to them, not just mentally,..puke was turtling. This is my sitster: In 1997 goes and takes out a personal loan for £3k, puts that down as a deposit on a £65k house (cashback mortgage from same bank...were they really aso thick? yes.)...uses cashback to pay off £3k loan (ergo: no deposit needed) 2008 divorce, house is £250k (shrewd property investors naturally)...ex has to remortgage to pay her off. She takes her half hides it. Buys a small flat for £150k on a 95% BTL mortgage, lives in it for a few years..meets another bloke. Sells her flat, "makes" £50k there. So now she is sitting on +175k in £££. She and new guy buy a place and with the big deposit their payments are around £250/moth on a repayment mortgage. She is a secretary. During this time, I'm in I.T. in a very specialised section..me and wife are earning...we rent at £700/month, and work like dogs. Net result since 1997? I'm still in the same place, although my rent has gone up by quite a bit. We are treading water. Conclusion: Lie. it works. What will I teach my son? Totally ignore school..it makes no difference what your marks are. Once you leave school and are free to from contracts that is all the info you need...dont bother working, it doesnt work in this country. Let some other person work..ge tin the middle and skim skim skim. Dont be the guy at the end of the chain with a tool in your hand...you are being abused. I may be the most whacked person I know, but when the London riots happened I didnt cheer, but I did hope it would open some people's eyes to how unhappy some of us are about this current situation. My local council outbid me on places to rent, using my money..this is well known on this site. Now I hear at a council meeting they're all a bit upset because Westminster Council are buying houses in our area to stick their homeless. Gettit? I am now participating against Westminster Council when trying to rent another place. Thats how *artificially* scarce housing is now. My council is bitching that they are taking our places...now where do we put our homeless? And all this time, some greasy-haired waste of air is laughing at his shrewd business acumen i.e. he lied on 10 BTL loans. WHEN this all comes crashing down, its going to be biblical. But I may well have tapped out of society by then....take your ball, I'm not playing anymore. Edited February 20, 2015 by madmax2 Quote Link to comment Share on other sites More sharing options...
t350chunder Posted February 20, 2015 Author Share Posted February 20, 2015 (edited) Madmax, I don't have to tell you that nobody can predict what will happen over the next few years. We could carry on as we are for decades or there could be some event around the corner that sparks off a correction and monumental depression. We're doing "OK", not brilliantly, just OK... Even though we've got a bit of equity in the house (very little of it through HPI I might add, we bought in 2008, it was all savings for us and a little bit of help from parents (little bit, not a lot, plus we've paid it back now), I had a largely curable cancer and the precise house we wanted came up, it could of gone either way for us), I would still love to see a gigantic crash. I don't care if we go into negative equity, we'll simply never ever move. It's a small house, not a massive mortgage, bring on that crash, if only to wipe the smiles from the faces of the feckless. Feels like for people like yourself and many others, if life were in any way fair there would be a crash. Life is not of course like that, more's the pity... It does feel like a crash in inevitable though. My own opinion of the PTB keeping house prices at this level and playing around with schemes like HTB etc, is that it's like when you watch those TV programmes that show a car out of control narrowly missing other cars, getting more and more out of shape until - crash.... At some points it looks like the driver might just get away with it, they're still pointing forward for the most part after all, but you just know it's going to end in carnage. Good luck to you mate... Hope it all works out, like you say it's about your son at the end of the day... (Edited to say we had a bit of help from parents). Edited February 20, 2015 by t350chunder Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2015 Share Posted February 20, 2015 (edited) . Why we put up with a housing 'market' like this is beyond me. We don't. They do. Edited February 20, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2015 Share Posted February 20, 2015 He hasn't read the rules. The first rule of HpC is that you do NOT talk about Hpc ... etc ...And given any HPC member you meet a good kicking. That'll teach them not to buy a house. Quote Link to comment Share on other sites More sharing options...
t350chunder Posted February 20, 2015 Author Share Posted February 20, 2015 ...And given any HPC member you meet a good kicking. That'll teach them not to buy a house. Second rule? - No smoking... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2015 Share Posted February 20, 2015 P.S. If any lurkers do join, the first and most important thing to do is get yourself a cracking avatar. No one takes you seriously without one. Its the first mistake idiot troll estate agents make, no avatar. Though if they did have one they'd probably be spotted straight away as we have all seen (pictures) of women's genitalia ( if not, just google "estate agent" and you'll see plenty ). My particular favourite is: I chuckle, even now, every time I see it. Quote Link to comment Share on other sites More sharing options...
CaptainSwing Posted February 20, 2015 Share Posted February 20, 2015 I have worked for some very rich Londoners, and 100% of them are neck-deep into being landlords on the side..they all have multiple properties. It is actually sickening. This is also my experience. Try telling them that they've lost money (despite increases in nominal values), that yields are very poor, that they do not cost heir labour or time or account for voids or maintenance. I waste my breath. It's utter madness Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2015 Share Posted February 20, 2015 This is also my experience. Try telling them that they've lost money (despite increases in nominal values), that yields are very poor, that they do not cost heir labour or time or account for voids or maintenance. I waste my breath. It's utter madness They wont be rich much longer, Quote Link to comment Share on other sites More sharing options...
CaptainSwing Posted February 20, 2015 Share Posted February 20, 2015 They won't think about things rationally or listen to reason. That's the most worrying aspect of this mass delusion. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 20, 2015 Share Posted February 20, 2015 They wont be rich much longer, They have never been rich. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.