Democorruptcy Posted August 30, 2015 Share Posted August 30, 2015 Spot on (my emphasis). Prices became "too daft" years ago for me, which took the dilemma out of whether to buy or not. If buying a property in the UK meant I could still realise other plans, I'd buy in the UK. However, buying property in the UK is like a "one shot" - it's everything. It's all your savings, plus debt on top. IMO, buying a modest property should not be like that - it's anti-aspiration/ambition (unless your ambition is simply to own a property!). Once you buy property and take out your mega-mortgage, you're essentially f**ked when it comes to your financial freedom - you're on a very narrow track and you could be derailed by one of many things. It also precludes doing so many other things. I have bought - and live in - property abroad. All paid for (coz it was cheap), money in the bank, no daft UK mortgage to worry about. It seems all the intangible things - liquidity, freedom, mobility - they count for zero to many people simply because they can't be measured. Where have you bought? Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted August 30, 2015 Share Posted August 30, 2015 Even today if you can afford the rate and deposit on a 95% mortgage and the monthly repayments are cheaper than renting why wouldn't you buy? Because I dont want to be looking at a huge loss if IRs rise sometime over the next 10 years (or HPs fall significantly). Because I cant face the prospect of handing 100's of K to someone who (unlike me) hasnt actually had to work for it. Because I dont want to give the banks the opportunity to create new money and make a profit from it. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 31, 2015 Share Posted August 31, 2015 Where have you bought? Thailand (typing this from my property). Foreigners can buy here (though, yes, there are rules of course). I have a couple of properties - one in my name, one in my wife's name (who is Thai). Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 31, 2015 Share Posted August 31, 2015 (edited) Even today if you can afford the rate and deposit on a 95% mortgage and the monthly repayments are cheaper than renting why wouldn't you buy? What kind of lending rate are you going to get with a 95% mortgage? I can't see it being below 5%. So let's take this example - a 3 bed semi in Northampton. Typical rental price : £800 to £850 Typical property value: £175,000. 95% mortgage = £166,250 loan. £166,250 loan at 5% lending rate over 25 years = £982.98 per month. And that's £982.98 a month - every month - for 25 years in a very unstable economy. With interest rates at rock bottom. Renting is definitely cheaper than a 95% mortgage, plus don't forget your money can be earning interest in other investments. I don't see HPs rising in the provinces since 2007 despite the MSM propaganda. Edited August 31, 2015 by canbuywontbuy Quote Link to comment Share on other sites More sharing options...
Longtermrenter Posted August 31, 2015 Share Posted August 31, 2015 Move to France: http://www.rightmove.co.uk/overseas-property/property-35759670.html Or stay here: http://www.rightmove.co.uk/s6p/49071799 I'll be learning French I think Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted August 31, 2015 Share Posted August 31, 2015 Move to France: http://www.rightmove.co.uk/overseas-property/property-35759670.html Or stay here: http://www.rightmove.co.uk/s6p/49071799 I'll be learning French I think LOL ...and to add to that.... Move to Thailand http://www.rightmove.co.uk/overseas-property/property-41621278.html?showcase=true Or stay here: http://www.rightmove.co.uk/s6p/49071799 Quote Link to comment Share on other sites More sharing options...
Digsby Posted August 31, 2015 Share Posted August 31, 2015 I could have bought in late 2008, subject to mortgage approval, but I would have been a fool to do so, given the economic position at the time. Now, it is easy to chide myself for not, but hindsight bestows false wisdom. I made exactly the right choice not to. Even the card sharp loses sometimes, it's not the lost hands that count, but the frequency of them. Quote Link to comment Share on other sites More sharing options...
FrozenOut Posted August 31, 2015 Share Posted August 31, 2015 Why now when the prices are so insane? You had the best chance in 2009. Take time. Prices will correct very soon. It may not be as much as we all hope but 20-30% will take away years off the slavery. If not, all the best. Please understand, I was 26 years old when I became interested in house prices a few years later I found this website - and "Prices will correct very soon" is something I hear in different guises all the time on here. The thing is, they have a printing press now - this isn't 1992 ......1992 will never happen again. With an open door to 500m people (again, even as a UKIP supporter I don't see this changing) - means prices will at best grow slowly. But, here in the south east - where the money is, they're not going to go down. As per my earlier post, I turned 40 in May. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2015 Author Share Posted August 31, 2015 Thanks for reporting those posts. We have no place for racists on HPC. mods,this thread seems to have ruffled a few of the trolls feathers, can you get rid of some of the seriously off topic posts? I'll be back pushing this agenda on twitters tomorrow, all help welcome. could killer bunny bring it to the attention of anyone in the media he might have links with. enough is enough. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 31, 2015 Author Share Posted August 31, 2015 (edited) Donewell done that mam, that's exactly what this thread is for.TROLLS EUNT DOMUS (note, it's not funny if I have to explain it) Edited August 31, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted August 31, 2015 Share Posted August 31, 2015 LOL ...and to add to that.... Move to Thailand http://www.rightmove.co.uk/overseas-property/property-41621278.html?showcase=true Or stay here: http://www.rightmove.co.uk/s6p/49071799 I'm still holding out for jim Thompson's house. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2015 Author Share Posted September 1, 2015 Thanks for reporting those posts. We have no place for racists on HPC. I like the attempted facebook put down https://www.facebook.com/pages/National-offer-3-x-your-salary-day/1461568644170936 Chuck Randy 29 August at 14:57 How long have you losers been waiting for a 50-60% crash? Face it, you Sold to Rent and made the wrong decision - accept it and move on. Ohh Count, you are an absolute dickhead. People that disagree with you aren't real estate agents..... they are realists! HPC losers make me laugh. 15 likes! Go on with your bad self. Tim Nice But Dim 29 August at 14:19 Has this been created by the VI's on HPC? Perhaps it was their chief knob Bruce Banner? Latest rumour has it, he's not been able to keep up paying his rent and has been Sectioned. Chuck/Tim, I know you are reading. How scared must you be to attack a simple protest with leass than 5 10 18 20 retweets/likes Where we are at: Where we are hoping to get to: Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted September 1, 2015 Share Posted September 1, 2015 Obviously "Chuck" and "Tim" are posters on HPC but are too afraid to admit who they are. Real keyboard warriors. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2015 Author Share Posted September 1, 2015 Obviously "Chuck" and "Tim" are posters on HPC but are too afraid to admit who they are. Real keyboard warriors. Dont worry, I know who they are....here's a photo of them: I mean, really, do they need to enbarass themselves, only 19 people have liked the page and most of them will be from here. What do they think is going to happen, 2 milloion people go to estate agents and offer what a house is actually worth instead of some insane price set by a ponzi scheme..... Quote Link to comment Share on other sites More sharing options...
Venger Posted September 1, 2015 Share Posted September 1, 2015 Please understand, I was 26 years old when I became interested in house prices a few years later I found this website - and "Prices will correct very soon" is something I hear in different guises all the time on here. The thing is, they have a printing press now - this isn't 1992 ......1992 will never happen again. With an open door to 500m people (again, even as a UKIP supporter I don't see this changing) - means prices will at best grow slowly. But, here in the south east - where the money is, they're not going to go down. As per my earlier post, I turned 40 in May. Real estate runs on money, not population growth, and values are set at the margin. More HMOs aren't going to do values on the streets any favours either. I'm older than you. The only thing that gets me down is the HPCers always reading to lobby for another round of Emotional Breakdown stimulus, blaming media entirely for 20 something web designers who've moved to London from Holland buying studio apartments at £500,000. 'The buyers had no way of knowing anything." 'The money' as you put it, has already set the high house prices. And this printing press won't stop wealth wanting to preserve the value of their financial savings vs bricks n mortar, imo. They're not going to print nation to ruin. “Demand is intrinsically linked to affordability, and that’s linked to how much banks are prepared to lend and how much people are prepared to borrow.Demand for housing is a very flexible thing. Saying something isn’t going to happen because it hasn’t happened yet doesn’t really make any sense. That’s like saying because I haven’t died yet I won’t, but I guess I probably will. And a housing crash is much the same. Something not happening simply makes it more likely that it will, rather than it won’t, if the conditions are in place, and the conditions are in place. Markets are driven at the margin. They’re driven by people who have to buy or people who have to sell. So when you get to the point when there are people who must sell, and that will come, then prices fall across the board because not many people have to be forced to sell at a low price to push values down.” Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2015 Author Share Posted September 1, 2015 Real estate runs on money, not population growth, and values are set at the margin. More HMOs aren't going to do values on the streets any favours either. I'm older than you. The only thing that gets me down is the HPCers always reading to lobby for another round of Emotional Breakdown stimulus, blaming media entirely for 20 something web designers who've moved to London from Holland buying studio apartments at £500,000. 'The buyers had no way of knowing anything." 'The money' as you put it, has already set the high house prices. And this printing press won't stop wealth wanting to preserve the value of their financial savings vs bricks n mortar, imo. They're not going to print nation to ruin. Hey Venger, your facebook post made me laugh. Not productive though, but very funny. I'[ve blocked them fella's now, only because of their offensive language, I'll give you another chance ( or two ) Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2015 Author Share Posted September 1, 2015 Hey Venger, your facebook post made me laugh. Not productive though, but very funny. I'[ve blocked them fella's now, only because of their offensive language, I'll give you another chance ( or two ) sorry dude, I misread that, the crazy man on Facebook was calling you a ####. what have you done to upset some random weirdo? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted September 4, 2015 Share Posted September 4, 2015 Thailand (typing this from my property). Foreigners can buy here (though, yes, there are rules of course). I have a couple of properties - one in my name, one in my wife's name (who is Thai). OK thanks. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 4, 2015 Author Share Posted September 4, 2015 (edited) My Offer 3x salary day is running out of steam. Any ideas ? Not 1 reply from MSM other than this top bloke: Jacques Peretti Who did this very interesting program on the super rich and us. Edited September 4, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 2, 2016 Author Share Posted February 2, 2016 Almost up to 500 twitter followers, hoping to get 1000 before spring time when I will relaunch this campaign. Might get a bit more traction this time !!! Quote Link to comment Share on other sites More sharing options...
Sawitcoming Posted February 2, 2016 Share Posted February 2, 2016 My Offer 3x salary day is running out of steam. Any ideas ? Not 1 reply from MSM other than this top bloke: Jacques Peretti Who did this very interesting program on the super rich and us. Just watched this. Hmmm. Quote Link to comment Share on other sites More sharing options...
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