TheCountOfNowhere Posted September 1, 2021 Share Posted September 1, 2021 Just when you thought the madness can't go on.... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 When and how will it end !!! Quote Link to comment Share on other sites More sharing options...
Smiley George Posted September 1, 2021 Share Posted September 1, 2021 Beyond a sick joke now. Felt quite depressed when I heard this on the radio this morning. Quote Link to comment Share on other sites More sharing options...
Locke Posted September 1, 2021 Share Posted September 1, 2021 6 minutes ago, Smiley George said: Beyond a sick joke now. Felt quite depressed when I heard this on the radio this morning. Why? Just because they haven't crashed yet, doesn't mean they won't. If it's getting you down, maybe focus on doing or improving things which will make you happy. You certainly cannot influence house prices. Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted September 1, 2021 Share Posted September 1, 2021 1 minute ago, Smiley George said: Beyond a sick joke now. Felt quite depressed when I heard this on the radio this morning. Just because of the way things have worked out - buying bungalow to renovate with 1.49% mortgage before selling existing home - wife and I have notionally gained equity about the same as our income over the last 12 months, and that's being conservative. Its completely stupid and unfair to people caught on the wrong side of this. We'll pay a bit of CGT, but will get some SDLT back. We need a government that does not load the dice in favour of homeowners, landlords and landowners. Despite our good fortune I'd vote for them because lower prices are better for my wider family and society as a whole, but I cannot imagine how to write their manifesto to appeal to the average voter. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 1, 2021 Share Posted September 1, 2021 18 minutes ago, TheCountOfNowhere said: Just when you thought the madness can't go on.... They'll revise the numbers in a few months and theyll be flat. This is gormless 1980-s EA number fkwittery. All that happens is sellers will; bump up their prices more and transaction will fall even more. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 19 minutes ago, Smiley George said: Beyond a sick joke now. Felt quite depressed when I heard this on the radio this morning. It's how they say it like it's a good thing. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 12 minutes ago, Locke said: You certainly cannot influence house prices. Sure you can...Since I've being doing the twitter feed for house price mania, prices have doubled Quote Link to comment Share on other sites More sharing options...
msi Posted September 1, 2021 Share Posted September 1, 2021 ...and what is BJ and the Tories going to do...same as they have for the last 10 years Quote Link to comment Share on other sites More sharing options...
btd1981 Posted September 1, 2021 Share Posted September 1, 2021 It's easy to say 'think of other things' but housing, and the ownership thereof, is such a fundamental aspect of quality of life. It is getting so difficult for certain demographics that it's unbelievable that so many are so accepting. I firmly believe a nice little interest rate hike would sharpen a few minds but since c.2011 that's looking less and less likely by the day. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 1, 2021 Share Posted September 1, 2021 Then they wonder why people no longer want to work for less than what their house makes for them. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 10 minutes ago, msi said: ...and what is BJ and the Tories going to do...same as they have for the last 10 years yesterday.... https://www.gov.uk/government/news/86-billion-for-affordable-homes-to-give-boost-onto-housing-ladder Thousands of people will be helped onto the housing ladder as funding is allocated across England today (31 August 2021). Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 (edited) Here you go folks....it's a monumental day, houses are now more unafforadable than when the banking system collapsed Given what happened in 2008 this is idiot in the extreme or criminal to another level. Just how unaffordable can the tories make the price of shelter ? Edited September 1, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted September 1, 2021 Share Posted September 1, 2021 Haha the pundits are surprised. They don't know what is going on. Remember what they say when there's a dip: Look to the 3 month indicator, it's more reliable. Oh, I can't see one. It's a clear message: houses are an even less sensible thing to buy now. Get your rental situation sorted, and put your cash elsewhere. It's insane and because of that there is no reasoning. Just accept that houses are too expensive to buy. Those who are buying at such prices, I hope they're in it for the long term, as owner-occupiers. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted September 1, 2021 Share Posted September 1, 2021 But it's only the monthly repayments that matter!?!??? Many young adults these days are being conditioned to accept massive debts that they may never repay thanks to tuition fees. This must influence their attitude towards housing debt (another form of 'good' debt as some circles like to refer to it as) Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 1, 2021 Share Posted September 1, 2021 11 minutes ago, btd1981 said: But it's only the monthly repayments that matter!?!??? Many young adults these days are being conditioned to accept massive debts that they may never repay thanks to tuition fees. This must influence their attitude towards housing debt (another form of 'good' debt as some circles like to refer to it as) Interest rates up to 16% helped me to pay off my mortgage. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 4 minutes ago, Bruce Banner said: Interest rates up to 16% helped me to pay off my mortgage. Id be very happy with that return on my savings while house prices collapse. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 18 minutes ago, btd1981 said: But it's only the monthly repayments that matter!?!??? Many young adults these days are being conditioned to accept massive debts that they may never repay thanks to tuition fees. This must influence their attitude towards housing debt (another form of 'good' debt as some circles like to refer to it as) I've not heard that "good debt" phrase since 2007. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 1, 2021 Share Posted September 1, 2021 2 minutes ago, TheCountOfNowhere said: Id be very happy with that return on my savings while house prices collapse. Sadly, I never got 16% on my savings. Quote Link to comment Share on other sites More sharing options...
Locke Posted September 1, 2021 Share Posted September 1, 2021 23 minutes ago, TheCountOfNowhere said: I've not heard that "good debt" phrase since 2007. It's like "heart healthy polyunsaturated fats", which turn out to be the root cause of diabetes, heart disease, obesity, eye disease, and probably cancer and alzheimers Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 1, 2021 Author Share Posted September 1, 2021 5 minutes ago, Locke said: It's like "heart healthy polyunsaturated fats", which turn out to be the root cause of diabetes, heart disease, obesity, eye disease, and probably cancer and alzheimers Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted September 1, 2021 Share Posted September 1, 2021 And people on here voted for Brexshit believing it would crash prices. It seems it was never all those pesky EE’s after all. Whodathunkit? Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted September 1, 2021 Share Posted September 1, 2021 1 hour ago, hotblack42 said: Just because of the way things have worked out - buying bungalow to renovate with 1.49% mortgage before selling existing home - wife and I have notionally gained equity about the same as our income over the last 12 months, and that's being conservative. Its completely stupid and unfair to people caught on the wrong side of this. We'll pay a bit of CGT, but will get some SDLT back. We need a government that does not load the dice in favour of homeowners, landlords and landowners. Despite our good fortune I'd vote for them because lower prices are better for my wider family and society as a whole, but I cannot imagine how to write their manifesto to appeal to the average voter. The Tory Populist Party have always been the party of landlords and land owners. More fool anyone who repeatedly votes for them. AKA you get the government that you deserve. The newfound Tory faithful that used to be staunch Labour will be loving their new ‘wealth’. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 1, 2021 Share Posted September 1, 2021 11 minutes ago, Locke said: It's like "heart healthy polyunsaturated fats", which turn out to be the root cause of diabetes, heart disease, obesity, eye disease, and probably cancer and alzheimers I've always ignored health scares so continued eating butter, red meat and animal fat throughout. If I like it, I eat it and if I don't, I don't, simple as that. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted September 1, 2021 Share Posted September 1, 2021 1 hour ago, Smiley George said: Beyond a sick joke now. Felt quite depressed when I heard this on the radio this morning. It’s very disheartening for those sitting on the wrong side of this and I have sympathy for them but you cannot let this get you down. Sadly you just have to make what best of it that you can. Quote Link to comment Share on other sites More sharing options...
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