Jump to content
House Price Crash Forum

Are We An Extreme Minority?


Recommended Posts

1 hour ago, Trump Invective said:

Some boomers really are very defensive and insecure

Yes, very much so. They also don't want to pay their fare share of anything. And expect special protection from COVID at great expense to the young. I have little sympathy for those who are 52+ with type 2 diabetes and obesity - walking is cheap and effective.

 

Edited by Mikhail Liebenstein
Link to comment
Share on other sites

  • Replies 145
  • Created
  • Last Reply

Top Posters In This Topic

4 minutes ago, Mikhail Liebenstein said:

Yes, very much so. They also don't want to pay their fare share of anything.

They are as much apprehensive of the future as anyone......just they don't have time or in some cases health on their side......some of them spend very little, they have no want or need to......what they have has to last them out.......for some later years cost a fortune, for others very little at all.....luck of the draw, luck of life, living and death.;)

Link to comment
Share on other sites

38 minutes ago, GregBowman said:

Yep

 

But you never run the numbers - the average fall might be 50% it won't buts that because tens of thousands of new builds will fall dramatically a 3/4 bed detached in a good area won't because there is a natural floor where people pile in. A 750k house now will appear a bargain at £500-£600k plenty of money around.

Bought in 2009 sold in 2017 seemed pretty sensible to me.....

 

 

As prices are falling NO-ONE buys. Human nature init.

Not until a trigger to stop prices falling.

Link to comment
Share on other sites

I've been saying for a long time the people that hold typical HPC contributor views are... HPC contributors... and that's it.

We are a tiny minority.

Even the vast majority of people who are priced out of buying are only interested in some form of 'help' to afford current prices and aren't even capable of contemplating the concept of prices actually falling.

Link to comment
Share on other sites

2 minutes ago, nome said:

Even the vast majority of people who are priced out of buying are only interested in some form of 'help' to afford current prices and aren't even capable of contemplating the concept of prices actually falling.

You have to take the red pill to go there, it seems.  I'm told that's a very depressing thing to do?  

Link to comment
Share on other sites

9 minutes ago, Killer Bunny said:

As prices are falling NO-ONE buys. Human nature init.

Not until a trigger to stop prices falling.

People aren't one big single entity. Plenty of liquid wealth around. The trigger in each microcosmic area is perceived value.

House 4 doors down been on for 2 weeks gone. Not STTC bull. Its priced right right needs work so about £150k -£200k below a clean one.

Its basic sales pipeline stuff. You have to fill the pipe average viewings between 2 and 4 a day. So 30+ suspects, leading to 10 prospects, leading to 3-4 real offers I would guess, two being proceedable.

A wealth tax is coming unlikely to be on primary residence, cash paying sweet fanny in the bank. Edge of London people moving to a nice safe green area on Oyster just recently.

You don't speak for everyone no one does

Link to comment
Share on other sites

47 minutes ago, Killer Bunny said:

Take away free healthcare and state benefits for say first 1 or 3 years and free movement will no longer be an issue. But I’m frankly not expecting someone who thinks only on one level to understand free markets.

Tbf, nuking the NHS would get rid of my GP and dentist (both Indian).

State benefits in this country are only really decent if you own land. 

(Incidentally, can you explain why America, Russia, and Saudi Arabia have such high immigration (much higher than ours)? I presume, because your logic is surely sound, it's because they have amazing free healthcare and benefits?) 

Link to comment
Share on other sites

11 minutes ago, GregBowman said:

People aren't one big single entity. Plenty of liquid wealth around. The trigger in each microcosmic area is perceived value.

House 4 doors down been on for 2 weeks gone. Not STTC bull. Its priced right right needs work so about £150k -£200k below a clean one.

Its basic sales pipeline stuff. You have to fill the pipe average viewings between 2 and 4 a day. So 30+ suspects, leading to 10 prospects, leading to 3-4 real offers I would guess, two being proceedable.

A wealth tax is coming unlikely to be on primary residence, cash paying sweet fanny in the bank. Edge of London people moving to a nice safe green area on Oyster just recently.

You don't speak for everyone no one does

I think we live in the same area - north herts - anything priced £150-250k below "clean" will actually be deemed value around there.  Unfortunately IIRC this is certainly the exception, not the norm.  

Link to comment
Share on other sites

14 minutes ago, byron78 said:

Tbf, nuking the NHS would get rid of my GP and dentist (both Indian).

State benefits in this country are only really decent if you own land. 

(Incidentally, can you explain why America, Russia, and Saudi Arabia have such high immigration (much higher than ours)? I presume, because your logic is surely sound, it's because they have amazing free healthcare and benefits?) 

So leaving the EU won’t change immigration? Yes. It probably will. 
Saudi has immigration??? Into a fascist slave state? People are beyond stupid.

America was built on immigration and it has masses of space.

Russia? No idea but loads of space.

Link to comment
Share on other sites

1 minute ago, blackhole said:

I think we live in the same area - north herts - anything priced £150-250k below "clean" will actually be deemed value around there.  Unfortunately IIRC this is certainly the exception, not the norm.  

South Herts but all the same. Sold through Statons (well known for attracting punters in their north London shops ) then ferrying them out to us 'Look what you get.....' good sales process.

I agree just really making the point that plenty of Greek/Turkish/Indian buyers want to move out of outer London its now discovered as it were 

Link to comment
Share on other sites

6 minutes ago, blackhole said:

I think we live in the same area - north herts - anything priced £150-250k below "clean" will actually be deemed value around there.  Unfortunately IIRC this is certainly the exception, not the norm.  

Anything down 25% without an HPC will be grabbed with both arms. But buys are dead slow in an HPC. Did you not see 2010-2012 Greg?

Edited by Killer Bunny
Link to comment
Share on other sites

5 minutes ago, Killer Bunny said:

Anything down 25% without an HPC will be grabbed with both arms. But buys are dead slow in an HPC. Did you not see 2010-2012 Greg?

Too late did you ? The bottom was 1st qtr 2010  I sold in 2007 and I  bought in Dec 2009 and sold in June 2017 how much did you make ?

So yep saw it very smugly how about you ?

Its no different to classic cars - most cars go down but go and find me last of the  air cooled  911's (993) check their prices 

HPC's aren't uniform thats all no more no less - yet you seem to think they are how many cycles have you lived through ?

Link to comment
Share on other sites

16 minutes ago, Killer Bunny said:

So leaving the EU won’t change immigration? Yes. It probably will. 
Saudi has immigration??? Into a fascist slave state? People are beyond stupid.

America was built on immigration and it has masses of space.

Russia? No idea but loads of space.

I didn't mention the EU. Not sure why you have? Habit perhaps? A panacea?

Yes. People move to countries for space.

It's why Antarctica is so densely populated.

You're not too sharp eh?

Edited by byron78
Link to comment
Share on other sites

5 minutes ago, GregBowman said:

He's not - not on here to discuss just tell 

I'm fascinated by people with very strong opinions and not a lot in the way of anything much to justify them or back them up.

The free market is why you get free movement. It's so obvious it's odd having to point it out. It's strange someone professing to adore the first but not realising the clear link to the latter, but not unheard of. Usually very stupid Tory types who have never lived in the real world (I would fall into this category too I suppose).

People flock to Saudi Arabia because it's the biggest Arab economy with access to global markets. A third (10 million+) who live there weren't born there. Awful lot of Syrians. 

They aren't there for free or socialist anything, and are there despite it being an oppressive and frankly awful extremist regime. Weird how socialism isn't the only driver of immigration isn't it? 

 

Edited by byron78
Link to comment
Share on other sites

3 minutes ago, byron78 said:

I'm fascinated by people with very strong opinions and not a lot in the way of anything much to justify them or back them up.

The free market is why you get free movement. It's so obvious it's odd having to point it out. It's strange someone professing to adore the first but not realising the clear link to the latter, but not unheard of. Usually very stupid Tory types who have never lived in the real world (I would fall into this category too I suppose).

People flock to Saudi Arabia because it's the biggest Arab economy with access to global markets. A third (10 million+) who live there weren't born there. Awful lot of Syrians. 

They aren't there for free or socialist anything, and are there despite it being an oppressive and frankly awful extremist regime. Weird how socialism isn't the only driver of immigration isn't it? 

 

Goes back to that IQ/EQ thing legend in their own head.

Just done a quick search detached houses for sale in the whole of Hertfordshire between £500 -£900k drum roll.......850 thats it for a very desirable  county that includes Bishops Stortford, Hitchin, St Albans, Ware, Hertford, Brookmans Park, Tring, West Side Welwyn garden City, Letchworth, Tewin Wood, Wheathampsted, Gustard Wood and so on

Say half aren't suitable there will be thousands of buyers chasing those crash or not they create the floor. Of course prices will soften but to think they are going to drop much more than 20% is just wishful thinking

 

 

Link to comment
Share on other sites

27 minutes ago, GregBowman said:

Too late did you ? The bottom was 1st qtr 2010  I sold in 2007 and I  bought in Dec 2009 and sold in June 2017 how much did you make ?

So yep saw it very smugly how about you ?

Its no different to classic cars - most cars go down but go and find me last of the  air cooled  911's (993) check their prices 

HPC's aren't uniform thats all no more no less - yet you seem to think they are how many cycles have you lived through ?

It is clear you have no interest in intelligent debate just points scoring and a childish ego to tell people how much money you’ve made. Muted.

Link to comment
Share on other sites

20 minutes ago, byron78 said:

I'm fascinated by people with very strong opinions and not a lot in the way of anything much to justify them or back them up.

The free market is why you get free movement. It's so obvious it's odd having to point it out. It's strange someone professing to adore the first but not realising the clear link to the latter, but not unheard of. Usually very stupid Tory types who have never lived in the real world (I would fall into this category too I suppose.

They aren't there for free or socialist anything, and are there despite it being an oppressive and frankly awful extremist regime. Weird how socialism isn't the only driver of immigration isn't it? 

 

I’m all for free movement as I am a free mktr. But if you could read you’d see I inferred immigration would collapse if x and y policies happened. Which they probably won’t.

Edited by Killer Bunny
Link to comment
Share on other sites

5 minutes ago, Warlord said:

The Saudis have a massive and unsustainable welfare state for it citizens who get  a sort of UBI if they don't have a coveted government job. High youth unemployment too and they chop your head off if you complain!

 

Only since December 2017. It certainly wasn't an immigration driver. Maybe it was the head chopping that attracted folks?

Link to comment
Share on other sites

6 minutes ago, Warlord said:

The Saudis have a massive and unsustainable welfare state for it citizens who get  a sort of UBI if they don't have a coveted government job. High youth unemployment too and they chop your head off if you complain!

 

Also KSA is running out of oil. They’re toast. 

Link to comment
Share on other sites

Milton Friedman said you can't have open borders and a welfare state.   So if we had private healthcare (aint going to happen) and no benefits for asylum seekers (HB, JSA or whatever)  then sure we can open the door but we can't with all these gov't programs as it would bankrupt us (if it hasn't already?!) 

 

Link to comment
Share on other sites

2 minutes ago, Killer Bunny said:

I’m all for free movement as I am a free mktr. But if you could read you’d see I inferred immigration would collapse if x and y policies happened. Which they probably won’t.

I actually think immigration would go up without the NHS. You'd have more competing healthcare providers, and given almost half of our medical staff are foreign born...

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.





×
×
  • Create New...

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.