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I'm Itching To Inform A Friend

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A year ago a friend of mine left his rented 2 bed flat to move away because of his job.

Instead of continuing to rent he bought.

He paid £85,000 in Feb 2005 for his ex army home from the owner who had bought the house from the Army.

As a patient FTB with a sizeable deposit he gave me the usual "sheeple" quotes:

"why are you living at mummy and daddy's?"

"house prices always go up"

"you'd better get on the ladder before its to late"

"house prices will never fall"

Well, 13 homes in his street that are exactly the same as his, which the army owned have been sold in September 2005 for £73,500. Its seems the Army have some employees who know when to make the most from this housing boom.

He is blissfully unaware of the situation and reckons he'll never lose any equity on his property

Should I inform him?

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Its your duty.

I would actually go out of your way to phone him so he knows full well you are gloating.

Yes its probably childish, immature and serves no constructive purpose but hell so it chewing bubble gum (as i say with 5 gumballs in my mouth and about half of one in my hair - uber bubble).

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You have to be a loyal friend to him through good times and bad.

The fact he might not realise this is not the point....

He won't believe you of course - so take some printed evidence, together with a bottle of champagne to celebrate you being right...

:lol::lol::lol:

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If you value him as a friend I say leave it be. You have the internal self-satisfaction of being proved right, no need to turn into a w@nker with respect to those around you.

However, you should keep this case on file just in case your mate decides to bring up how clever he is re: property in the future. If this happens, you should not hesitate to put him in his place!

frugalista

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If you value him as a friend I say leave it be. You have the internal self-satisfaction of being proved right, no need to turn into a w@nker with respect to those around you.

However, you should keep this case on file just in case your mate decides to bring up how clever he is re: property in the future. If this happens, you should not hesitate to put him in his place!

frugalista

oh thats just way to nice. :)

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Guest Bart of Darkness

Depends on how he trotted out those familiar quotes.

If he showed signs of gloating, you'd be entitled to give as good as you got.

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I'm not a vindictive person, but when someone smugly says...

"why are you living at mummy and daddy's?"

"house prices always go up"

"you'd better get on the ladder before its to late"

"house prices will never fall"

... that is not exactly a nice way of putting things is it?

Gloat back at him, but make it a laugh... but you must remember to get in "A taste of your own medicine is twice as bitter...."

Then run :lol::lol:

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You might as well tell him he'll find out sooner or later anyway. It sounds like he has had a good time scoffing at you.

He who laughs last, laughs longer.

I've had to endure a few years of being priced out and spoken to by numerous people, at best as if I am some kind of naughty child for even suggesting that prices will come down (albeit eventually) - to people revelling in taking the P because they have houses and I don't. Wayne Kerrs all.

Mind you some of them aren't looking too clever now - one colleague who revelled in winding me up has now sold the expensive brand new car bought on MEW and has had to go for an interest only mortgage - hubby lost his job and attempted to go self employed - so we are both renting now - except my roof doesn't leak and if it did I wouldn't have to fork out to fix it!

Repeat endlessly

Ha Ha I told you so suckers

He who laughs last, laughs longer.

Think thrift

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I've heard that Borden in Hampshire which is nearly all army will be selling up their properties as in the next year or two. Anyone who knows Borden will know theres alot of houses there so some bargains to be had if I might say so.

Yeah, Annington is offloading them:

http://www.annington.co.uk/search_home/sch...id=ALD04910BOR1

Sales: http://www.houseprices.co.uk/e.php?q=GU35+0HN&n=10

Not a lot had been sold since they started selling them. I believe roughly 90 are being sold (3 phases of 30)(http://www.firstrungnow.com/archivenews.asp?id=119)

Oh, and to expand a bit futher... they have released the 2nd phase (I think)!!!

Edited by Jason

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Well,

My "friend" yet again had a go at me at living at home at 24, even though he is unaware of the £50k i have stashed in the bank as savings.

SO I LET HIM HAVE IT

i informed him of the Army selling houses cheap

oh he said, "they sold loads in 2000 for £60k i know that"

So I let rip

"are you aware that the Army sold 13 houses in your street at £73k?"

he replied

"you're ******ing joking?" after further interrogation he paid £95k not the 85k quoted

the despair in his breath said it all, and his reply to that?

Yes but at least I have lived. Whilst you have time to dream up these facts and figures(straight from hpc.co.uk) I choose masturbate or ****** my girlfriend If you do not change your mentality you will never own a home and you will dwell in your parents room for the remainder or your life. If you are so concerned about loosing money why did you buy a brand new car and loose 2 grand driving of the forecourt? Why do you go to America every year instead of Butlins? Why do you buy nice clothes instead of asda,tesco or aldi clothes?

I will tell you why, because we all like to live but in different ways.

You talk the talk, but you don't walk the walk.

THIS IS A SNIPPET OF THE FUTURE "ADULTS" I AM EMBRASSED TO BE OF THE SAME AGE GROUP

COMMENTS?

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Why do you go to America every year instead of Butlins? Why do you buy nice clothes instead of asda,tesco or aldi clothes?

I will tell you why, because we all like to live but in different ways.

You talk the talk, but you don't walk the walk.

Dude, you lost me right there. Would have expected those to be those to be otherway around,

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Dude, you lost me right there. Would have expected those to be those to be otherway around,

The difference between me and my "friend" is that I budget for holidays to america and europe

They do not affect my savings schedule which is £750 per month into various areas.

HE ON THE OTHER HAND THINKS HPI WILL FUEL HIS SPENDING UNTIL HE RETIRES.

I REALLY AM WORRIED PEOPLE IN MY AGE GROUP THINK THIS IS A GOD GIVEN RIGHT !!!

FAVRE

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Can't you do it casually by saying "I'm thinking of buying one here, you paid £73,500 right? I reckon that's an ok price, a little on the high side though"

Or just leave a advert around.

"you're ******ing joking?" after further interrogation he paid £95k not the 85k quoted

the despair in his breath said it all, and his reply to that?

meep. :o

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The difference between me and my "friend" is that I budget for holidays to america and europe

They do not affect my savings schedule which is £750 per month into various areas.

HE ON THE OTHER HAND THINKS HPI WILL FUEL HIS SPENDING UNTIL HE RETIRES.

I REALLY AM WORRIED PEOPLE IN MY AGE GROUP THINK THIS IS A GOD GIVEN RIGHT !!!

FAVRE

Ah, OK.

HPI won't fund jack for much longer.

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HPI won't fund jack for much longer.

Jack already went up the hill...

It's a great shame, the 'kid' only listened to what his elders and those sensible newspapers told him to do, what was right. It's not good that people can be whipped into such a frenzy, even if he was determined to buy (and lots of people do for legitimate reasons) he could have at least dug a bit deeper and got the best deal, otherwise it's like lambs to the slaughter. Look at those two liverbirds on 'call yourself a property developer', the auctioneer saw they were green and bid them off the wall for an extra £20k.

People need to wise up, I doubt many would walk into a garage and pay list price for a car without any quibbles or haggling, people used to see this as a moral duty, why is property so different?

Edited by BuyingBear

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A year ago a friend of mine left his rented 2 bed flat to move away because of his job.

Instead of continuing to rent he bought.

He paid £85,000 in Feb 2005 for his ex army home from the owner who had bought the house from the Army.

As a patient FTB with a sizeable deposit he gave me the usual "sheeple" quotes:

"why are you living at mummy and daddy's?"

"house prices always go up"

"you'd better get on the ladder before its to late"

"house prices will never fall"

Well, 13 homes in his street that are exactly the same as his, which the army owned have been sold in September 2005 for £73,500. Its seems the Army have some employees who know when to make the most from this housing boom.

He is blissfully unaware of the situation and reckons he'll never lose any equity on his property

Should I inform him?

if these properties have been sold to armed forces people, a discount of around 5% will have been given to them.

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You are all in danger of turning to the dark side!

frugalista

If the devil could cast his net over me he would see me looking back at him with a big cheesy grin, id say 'ello mate' and he would say 'oh f*ck, im sorry' , drop his net and run.

:lol:

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Guest Bart of Darkness
Yes but at least I have lived. Whilst you have time to dream up these facts and figures(straight from hpc.co.uk) I choose masturbate or ****** my girlfriend If you do not change your mentality you will never own a home and you will dwell in your parents room for the remainder or your life. If you are so concerned about loosing money why did you buy a brand new car and loose 2 grand driving of the forecourt? Why do you go to America every year instead of Butlins? Why do you buy nice clothes instead of asda,tesco or aldi clothes?

I will tell you why, because we all like to live but in different ways.

You talk the talk, but you don't walk the walk.

Is this really a friend?

Sounds like a **** to me.

I can't imagine any of my friends talking to me like that (enemies yes).

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"you're ******ing joking?" after further interrogation he paid £95k not the 85k quoted

the despair in his breath said it all, and his reply to that?

Yes but at least I have lived. Whilst you have time to dream up these facts and figures(straight from hpc.co.uk) I choose masturbate or ****** my girlfriend If you do not change your mentality you will never own a home and you will dwell in your parents room for the remainder or your life. If you are so concerned about loosing money why did you buy a brand new car and loose 2 grand driving of the forecourt? Why do you go to America every year instead of Butlins? Why do you buy nice clothes instead of asda,tesco or aldi clothes?

I will tell you why, because we all like to live but in different ways.

You talk the talk, but you don't walk the walk.

THIS IS A SNIPPET OF THE FUTURE "ADULTS" I AM EMBRASSED TO BE OF THE SAME AGE GROUP

COMMENTS?

OH MY GOD! :o

Still Favre I'm not surprised at his comments.

Denial turns to anger???

All of us have decisions to make in life. Sometimes we get it right, sometimes we get it wrong. You learn from your mistakes. Your friend sounds as though he will never learn from his mistakes as it's much easier to blame others and divert attention from the issue at hand.

And so what if you want to buy a new car! He could have bought a very nice car and go on several nice holidays for the amount for less than the amount of negative equity he's now in (it's perfectly ok to laugh now....) - but make sure you tell him this. :lol:

THis guy sounds like a total plonker! I think you should try and steal his girlfriend :lol::lol:

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Well,

My "friend" yet again had a go at me at living at home at 24, even though he is unaware of the £50k i have stashed in the bank as savings.

SO I LET HIM HAVE IT

i informed him of the Army selling houses cheap

oh he said, "they sold loads in 2000 for £60k i know that"

So I let rip

"are you aware that the Army sold 13 houses in your street at £73k?"

he replied

"you're ******ing joking?" after further interrogation he paid £95k not the 85k quoted

the despair in his breath said it all, and his reply to that?

Yes but at least I have lived. Whilst you have time to dream up these facts and figures(straight from hpc.co.uk) I choose masturbate or ****** my girlfriend If you do not change your mentality you will never own a home and you will dwell in your parents room for the remainder or your life. If you are so concerned about loosing money why did you buy a brand new car and loose 2 grand driving of the forecourt? Why do you go to America every year instead of Butlins? Why do you buy nice clothes instead of asda,tesco or aldi clothes?

I will tell you why, because we all like to live but in different ways.

You talk the talk, but you don't walk the walk.

THIS IS A SNIPPET OF THE FUTURE "ADULTS" I AM EMBRASSED TO BE OF THE SAME AGE GROUP

COMMENTS?

Whatever happens to Houseprices, at 24 you should be out enjoying yourself and sampling lifes experiences, which it sounds like you are. In five years time you'll be able to buy a property much cheaper, your friend will be married with negitive equity, and just have found out his wifes been shagged by the EA :lol:

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Well,

Yes but at least I have lived. Whilst you have time to dream up these facts and figures(straight from hpc.co.uk) I choose masturbate or ****** my girlfriend If you do not change your mentality you will never own a home and you will dwell in your parents room for the remainder or your life. If you are so concerned about loosing money why did you buy a brand new car and loose 2 grand driving of the forecourt? Why do you go to America every year instead of Butlins? Why do you buy nice clothes instead of asda,tesco or aldi clothes?

I will tell you why, because we all like to live but in different ways.

You talk the talk, but you don't walk the walk.

So he accuses you of "not living", then accuses you of wasting money going on Holiday abroad and getting a new car?

Can someone please remind me what "living" is?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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