Jump to content
House Price Crash Forum
Sign in to follow this  
FreeNapoleon

Property Pron Hell

Recommended Posts

STRTS – Sold to Rent to Squat 2002 – je ne regrette rien.

Being a bit of a doom monger at heart (aka uberbear) my gutometer told me: the prevailing HPI was insane. I found owning a house a nightmare prison. Having previously travelled a lot, suddenly I was faced with an overwhelming stream of bills and taxes, fights with crooked lawyers and freeholders, half-baked council &c ad infinitum…it’s as if I’d volunteered to be experimented upon by aliens, have various tubes shoved in every available orifice, mostly up the battenburg, that then greedily sucked every penny and drop of blood and optimism out of me. As for being a rentier I’d rather drink sick.

So in 2002 I flogged my flat and rented. Renting was almost as bad. I picked a quiet place on a leafy North London street. Peace and quiet I thought….no such luck – screaming loony neighbour next door, epileptic screaming crackhead downstairs. Just can’t win. So I thought – fek it – and went to live in a squat to bide my time. Two years later and friends still say buy, buy buy! But do they appear to be happy with their decisions? Mostly not. My money’s in shares and the bank. I’d consider self-build and if my work started paying me seriously then I would buy. I’m an old ******* for whom debt is still known as debt. Debt is not credit and I will never put myself in hock to anyone.

Squatting is all very well, though you have to watch out for cirrhosis, and now I’m about to rent again. The market where I’m looking in East Anglia shows absolutely no sign of cooling. To hell with property porn, getting on with life is the most important thing. Putting the horse before the cart.

I remember wandering around London in the late 70s early 80s to the sound of ‘Ghost Town’ and that’s what it was. With the benefit of hindsight one cannot ignore how real estate has to a huge extent upgraded like in the game Age of Empire from Stone to Bronze Age and so on. HPI has been a godsend for some and a nightmare for others. A demographic revolution. It’s as if a whole new gentry and yeomanry for our Global Village has and is being created. There’s going to be a lot of people left out in the cold. It may well be a pyramid scheme, but human society is pyramidal by its very nature. Fear of being left behind is every bit as real and understandable as greed.

So, welcome to feudalism in the Global Village. I can’t see things changing much in the short term – IMHO, notwithstanding exogenous shocks, acts of god, etc, we’re in for the long haul

Share this post


Link to post
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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • 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.