Frugal Git Posted November 19, 2020 Share Posted November 19, 2020 fab i look forward to making life changing amounts. BTW you already have a thread for this no need to infect all the other threads with this ponzi stuff. The ponzis are the state pension (tax receipts from today’s earners paying the promises of the past) and the housing market (only way to get new entrants is to have ridiculous schemes). Crypto...the opposite. You know you don’t have to buy a whole bitcoin? Quote Link to comment Share on other sites More sharing options...
longgone Posted November 19, 2020 Share Posted November 19, 2020 The ponzis are the state pension (tax receipts from today’s earners paying the promises of the past) and the housing market (only way to get new entrants is to have ridiculous schemes). Crypto...the opposite. You know you don’t have to buy a whole bitcoin? you cash out when you die in the other two. so who cares who pays. we all know everything is made up for the benefit of the 0.01% the current system is there to create a myth of stability nothing else anyone who believes anything else is a moron. i know you can buy whatever, but hardly worth it now unless investing bucket loads to make any kind of return. so i shove in 5k it double triples quadruples whatever its not going to change nowt. Quote Link to comment Share on other sites More sharing options...
shlomo Posted November 19, 2020 Share Posted November 19, 2020 I'm giving in too. going to go find work again and pay my fair share of income tax and NI. Quote Link to comment Share on other sites More sharing options...
Wayward Posted November 19, 2020 Share Posted November 19, 2020 (edited) I do feel sorry for the likes of the OP, it seems like people tend to focus on some kind of conspiracy theory to help them understand why they cannot afford to buy, when the reality is much simpler, there is a lack of supply of good housing stock in this country. That is the conspiracy...restrict supply+boost demand. Outcome =the land and property owning wealthy are further enriched. No accident. Edited November 19, 2020 by Wayward Quote Link to comment Share on other sites More sharing options...
Staffsknot Posted November 19, 2020 Share Posted November 19, 2020 Checkout Henry Pryor's colleague Caroline Edwards - just said having to do a lot of appraisals for homeowners in Suffolk who need to sell as business gone pop. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted November 19, 2020 Share Posted November 19, 2020 you cash out when you die in the other two. so who cares who pays. we all know everything is made up for the benefit of the 0.01% the current system is there to create a myth of stability nothing else anyone who believes anything else is a moron. i know you can buy whatever, but hardly worth it now unless investing bucket loads to make any kind of return. so i shove in 5k it double triples quadruples whatever its not going to change nowt. 99.99% of the opportunities in life are a available to the 99.99% The 0.01% watch the same films, listen to the same music, look at the same art, spend their time on the same phones, read the same books, etc etc etc. Even the people they sleep with .... if you go purely on physical attractiveness, then a 10 is a 10, and you don’t need to be a 0.01% to sleep with one. Once you have a certain comfort level - which is achievable for most, the differences are quite marginal imho. Yes, they can go to the best of the best restaurants, yes they have access to more luxurious travel etc, but they still need to take a sh1t occasionally. What *really* does a billionaire have that I don’t (apart from a billion 😂)? What *really* can they do that I can’t? when you break it down, not much. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted November 19, 2020 Share Posted November 19, 2020 Unless of course they are actually all shape shifting lizards hiding advanced technology from us. Quote Link to comment Share on other sites More sharing options...
Martin_JD Posted November 19, 2020 Share Posted November 19, 2020 99.99% of the opportunities in life are a available to the 99.99% The 0.01% watch the same films, listen to the same music, look at the same art, spend their time on the same phones, read the same books, etc etc etc. Even the people they sleep with .... if you go purely on physical attractiveness, then a 10 is a 10, and you don’t need to be a 0.01% to sleep with one. Once you have a certain comfort level - which is achievable for most, the differences are quite marginal imho. Yes, they can go to the best of the best restaurants, yes they have access to more luxurious travel etc, but they still need to take a sh1t occasionally. What *really* does a billionaire have that I don’t (apart from a billion 😂)? What *really* can they do that I can’t? when you break it down, not much. Good point, it's like having a massive house, you can only physically be in one room at a time... Quote Link to comment Share on other sites More sharing options...
Racing Piglet Posted November 19, 2020 Share Posted November 19, 2020 Wow this is a depressing thread. I should have bought a long time ago. I could have, but didn't for various reasons at different points in time. There were points where I needed the cash for other things like investing in a business (although arguably it would have been better spent on a house), times where life just got in the way and there were points where, having been influenced by this site, I convinced myself that a crash was imminent so held off. I am bitter about it. I'm now 39 and have a kid who will start school next year, so I'm under pressure to provide a settled life for him. I am where I am. My choice now is do I buy now and try and beat the stamp duty holiday or wait until next year. "Positives" I see coming in the next 6 months... - Brexit actually happening - The fall out from Corona Virus and the various government support coming to an end - The end of Help to Buy loans for everyone apart from first time buyers - End of stamp duty holiday I realise the stamp duty holiday may be extended and various other government meddling may reduce the effect ion the above considerably but I'm still thinking if the above doesn't make prices at least dip and produce a bit more of a buyers market then nothing will and I'll draw a line under it and commit. Quote Link to comment Share on other sites More sharing options...
longgone Posted November 19, 2020 Share Posted November 19, 2020 99.99% of the opportunities in life are a available to the 99.99% The 0.01% watch the same films, listen to the same music, look at the same art, spend their time on the same phones, read the same books, etc etc etc. Even the people they sleep with .... if you go purely on physical attractiveness, then a 10 is a 10, and you don’t need to be a 0.01% to sleep with one. Once you have a certain comfort level - which is achievable for most, the differences are quite marginal imho. Yes, they can go to the best of the best restaurants, yes they have access to more luxurious travel etc, but they still need to take a sh1t occasionally. What *really* does a billionaire have that I don’t (apart from a billion 😂)? What *really* can they do that I can’t? when you break it down, not much. i have no desire to be a billionaire, or the crap it buys you what i do get annoyed about is that simple things are made difficult to obtain for the masses. yes you have lots of options when you are a billionaire to start. hop over to the corrupt PPE thread for insight to how it really works. Quote Link to comment Share on other sites More sharing options...
wighty Posted November 19, 2020 Share Posted November 19, 2020 99.99% of the opportunities in life are a available to the 99.99% The 0.01% watch the same films, listen to the same music, look at the same art, spend their time on the same phones, read the same books, etc etc etc. Even the people they sleep with .... if you go purely on physical attractiveness, then a 10 is a 10, and you don’t need to be a 0.01% to sleep with one. Once you have a certain comfort level - which is achievable for most, the differences are quite marginal imho. Yes, they can go to the best of the best restaurants, yes they have access to more luxurious travel etc, but they still need to take a sh1t occasionally. What *really* does a billionaire have that I don’t (apart from a billion 😂)? What *really* can they do that I can’t? when you break it down, not much. Plenty more like this, Fruggie Quote Link to comment Share on other sites More sharing options...
mark hughes Posted November 19, 2020 Share Posted November 19, 2020 Wow this is a depressing thread. I should have bought a long time ago. I could have, but didn't for various reasons at different points in time. There were points where I needed the cash for other things like investing in a business (although arguably it would have been better spent on a house), times where life just got in the way and there were points where, having been influenced by this site, I convinced myself that a crash was imminent so held off. I am bitter about it. I'm now 39 and have a kid who will start school next year, so I'm under pressure to provide a settled life for him. I am where I am. My choice now is do I buy now and try and beat the stamp duty holiday or wait until next year. "Positives" I see coming in the next 6 months... - Brexit actually happening - The fall out from Corona Virus and the various government support coming to an end - The end of Help to Buy loans for everyone apart from first time buyers - End of stamp duty holiday I realise the stamp duty holiday may be extended and various other government meddling may reduce the effect ion the above considerably but I'm still thinking if the above doesn't make prices at least dip and produce a bit more of a buyers market then nothing will and I'll draw a line under it and commit. Really sorry to hear that you are down with this whole thing but it does seem that you have some good things going on in your life and, when all is said and done, that you have a reasonably happy family and potentially a business is a lot more than many have (including very many home owners). I know its not really very popular on here but I would commend interest only mortgages for people like yourself who are deserving and, quite frankly, would probably be happy to agree on the price of a house now and pay for it in 25 years time. I know it increases house price inflation but sometimes needs must. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted November 19, 2020 Share Posted November 19, 2020 i have no desire to be a billionaire, or the crap it buys you what i do get annoyed about is that simple things are made difficult to obtain for the masses. yes you have lots of options when you are a billionaire to start. hop over to the corrupt PPE thread for insight to how it really works. Please name a ‘simple thing’ that is difficult to obtain if you are a reasonably capable person in the UK, apart from *owning* a house in various parts of the country? You can still get shelter, you just can’t necessarily own it. Big deal. Things that are not difficult to obtain include * friends / lovers * travel opportunities (lockdown excepted) * entertainment * food * water * shelter of some kind * technology * information * financial investment ops * second hand goods I could go on. There is no lack of ways to spend your time, happily. You do not have to be a homeowner to do that either. Quote Link to comment Share on other sites More sharing options...
longgone Posted November 19, 2020 Share Posted November 19, 2020 Please name a ‘simple thing’ that is difficult to obtain if you are a reasonably capable person in the UK, apart from *owning* a house in various parts of the country? You can still get shelter, you just can’t necessarily own it. Big deal. Things that are not difficult to obtain include * friends / lovers * travel opportunities (lockdown excepted) * entertainment * food * water * shelter of some kind * technology * information * financial investment ops * second hand goods I could go on. There is no lack of ways to spend your time, happily. You do not have to be a homeowner to do that either. Why do people shop in waitrose over lidl when they both sell food. Those things were always available you just had to look in different places. Why not own and do all those too. Quote Link to comment Share on other sites More sharing options...
wighty Posted November 19, 2020 Share Posted November 19, 2020 Fair enough, but why be a martyr?. I accepted life isnt fair a long time ago and there aint much I can do about it. Play the game and try and beat the system, however crooked. When it comes to providing for my family, the gloves are off. As an anecdote, my next door neighbour has just sold and bought for £100k less (in hinsight now is a good time to downsize as the difference could be at its highest and he saved a bit on SD). He's moved about a mile away to still a very nice house, just smaller. The equity has allowed his 2 daughters to get a %50 mortgage at less than half what they were previously paying. Just to take my anecdote one step further, the 2 daughters have done a tax free rent-a-room of their living room for about 70% of their mortgage payments. Hope they use it to overpay their mortgage. So if you can raise the cash you can get on the ladder Quote Link to comment Share on other sites More sharing options...
wighty Posted November 19, 2020 Share Posted November 19, 2020 Please name a ‘simple thing’ that is difficult to obtain if you are a reasonably capable person in the UK, apart from *owning* a house in various parts of the country? You can still get shelter, you just can’t necessarily own it. Big deal. Things that are not difficult to obtain include * friends / lovers * travel opportunities (lockdown excepted) * entertainment * food * water * shelter of some kind * technology * information * financial investment ops * second hand goods I could go on. There is no lack of ways to spend your time, happily. You do not have to be a homeowner to do that either. P O W ER Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted November 19, 2020 Share Posted November 19, 2020 Why do people shop in waitrose over lidl when they both sell food. Those things were always available you just had to look in different places. Why not own and do all those too. I have no idea what your point is, sorry. Quote Link to comment Share on other sites More sharing options...
Frugal Git Posted November 19, 2020 Share Posted November 19, 2020 P O W ER Not a simple thing 😁 Quote Link to comment Share on other sites More sharing options...
wighty Posted November 19, 2020 Share Posted November 19, 2020 Not a simple thing 😁 Is to billionairs Quote Link to comment Share on other sites More sharing options...
longgone Posted November 19, 2020 Share Posted November 19, 2020 I have no idea what your point is, sorry. My point is most of those things are available to most but quality is determined by cost. Some just value owning a house more than others if you value other things more that's your bag, not everyone else's though. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 19, 2020 Share Posted November 19, 2020 P O W ER Not the right answer..... Quote Link to comment Share on other sites More sharing options...
longgone Posted November 19, 2020 Share Posted November 19, 2020 Not the right answer..... Freedom. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 19, 2020 Share Posted November 19, 2020 Freedom. Quote Link to comment Share on other sites More sharing options...
Sprite Posted November 19, 2020 Share Posted November 19, 2020 Wow this is a depressing thread. I should have bought a long time ago. I could have, but didn't for various reasons at different points in time. There were points where I needed the cash for other things like investing in a business (although arguably it would have been better spent on a house), times where life just got in the way and there were points where, having been influenced by this site, I convinced myself that a crash was imminent so held off. I am bitter about it. I'm now 39 and have a kid who will start school next year, so I'm under pressure to provide a settled life for him. I am where I am. My choice now is do I buy now and try and beat the stamp duty holiday or wait until next year. "Positives" I see coming in the next 6 months... - Brexit actually happening - The fall out from Corona Virus and the various government support coming to an end - The end of Help to Buy loans for everyone apart from first time buyers - End of stamp duty holiday I realise the stamp duty holiday may be extended and various other government meddling may reduce the effect ion the above considerably but I'm still thinking if the above doesn't make prices at least dip and produce a bit more of a buyers market then nothing will and I'll draw a line under it and commit. I feel for you, but what I would say is don't think of houses as an investment where you need to buy at the 'bottom'. If you can buy your property and live in it for the rest of your life (or a good portion of it) and potentially give your kid an inheritance, its probably worth buying but again only you know your own circumstances and priorities. Quote Link to comment Share on other sites More sharing options...
shlomo Posted November 19, 2020 Share Posted November 19, 2020 (edited) Wow this is a depressing thread. I should have bought a long time ago. I could have, but didn't for various reasons at different points in time. There were points where I needed the cash for other things like investing in a business (although arguably it would have been better spent on a house), times where life just got in the way and there were points where, having been influenced by this site, I convinced myself that a crash was imminent so held off. I am bitter about it. I'm now 39 and have a kid who will start school next year, so I'm under pressure to provide a settled life for him. I am where I am. My choice now is do I buy now and try and beat the stamp duty holiday or wait until next year. "Positives" I see coming in the next 6 months... - Brexit actually happening - The fall out from Corona Virus and the various government support coming to an end - The end of Help to Buy loans for everyone apart from first time buyers - End of stamp duty holiday I realise the stamp duty holiday may be extended and various other government meddling may reduce the effect ion the above considerably but I'm still thinking if the above doesn't make prices at least dip and produce a bit more of a buyers market then nothing will and I'll draw a line under it and commit. Wait a few more months before i can feel a big crash coming. Edited November 19, 2020 by shlomo Quote Link to comment Share on other sites More sharing options...
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