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On 21/03/2018 at 15:24, bazza white said:

hey all.

 

Longtime lurker here but thought id sign up,post and get involved.

 

for some reason im not authorised to edit my profile so cant add an avatar. any ideas. 

10 posts maybe not sure. Welcome to the funny farm 

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Have been lurking for some time.

Over this time this forum has been very educational and reassuring to see that there are others who have similar opinions on events and have healthy skepticism of mainstream media coverage and government / institutional output and actions.

On the above, it finally does this year feel like the view around house price rises being a bad thing is becoming more mainstream and the language used by the press is changing.

There have been / are some great insightful and educational posts on the forum. To those responsible for these, thank you.

Not here for a fight (not all posts are pretty!), just to learn and, with any luck, contribute.

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On 18/05/2018 at 07:38, Queasing said:

Have been lurking for some time.

Over this time this forum has been very educational and reassuring to see that there are others who have similar opinions on events and have healthy skepticism of mainstream media coverage and government / institutional output and actions.

On the above, it finally does this year feel like the view around house price rises being a bad thing is becoming more mainstream and the language used by the press is changing.

There have been / are some great insightful and educational posts on the forum. To those responsible for these, thank you.

Not here for a fight (not all posts are pretty!), just to learn and, with any luck, contribute.

6fe.jpg

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Hi all, long time lurker here too and thought I'd finally post. Been here at least since the real propertysnake.co.uk website. I'm the family member that both went to university and rents!

I pretty much agree with the sentiments of the posters of this site. I think that's why I've not posted before. The posts on here pretty much sum up how I see it. I do post a lot of sarcastic anti-HPI comments on news comments sections, and have been doing for years. One thing I have noticed this year (and maybe last) is I get a lot more thumbs ups.

Anyway, hopefully I can contribute now I've introduced myself.

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On 25/05/2018 at 17:47, Beary McBearface said:

:lol:

I think that this is probably a good likeness of the mental picture most of the PovertyLaters have of people who contribute to HPC

True;? or alternatively it's my reaction to anyone I meet who mentions they are a BTL landlord or talks of ladders and house prices going up forever.

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On 01/05/2018 at 22:11, fluteroop said:

10 posts maybe not sure. Welcome to the funny farm  

 
Been following the 'funny farm' lol ..for a couple of years must say really hooked on the forum now cos of durhamborn's "Deflationary collapse and the Reflation Cycle to Come" thread, its just EXCELLENT! with some canny contributors...
 

anyway i well remember what happened to the housing market in 1990 and I'm 100% sure this is gong to happen again soon, but this time it will be the WORST property CRASH in history!

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Hello all,

I've been reading this forum with interest for a few months now.

I live in London, and work in the construction field as a project manager, but I both haven't been able to afford to buy yet (still fairly young - late 20's, no partner, no bank of M&D. Nobody else my age in my immediate circle has been able to buy either, with a few exceptions / bank of M&D), and I just don't think that the prices being asked are realistic in any way, so I am unwilling to pay them atm.

My salary has recently gone up to a level that I could realistically get a mortgage on a one-bed flat somewhere in London once I get a bigger deposit together (~2 years if my investments etc pay off), and I have also looked at shared ownership shemes, as I could afford them now, but they seem pretty bad tbh, and a way to keep prices artificially high, although a few people I know have gone that route and seem happy with it. For me, I just think it's overpriced, and I'd prefer to keep investing in other things and take my chances.

I want to continue living in my area London, as I grew up very close to here, my work is here, and my life is here. My long-term goal is to buy a place here. I haven't had too bad a time with private rentals, with a few hair-raising exceptions, but as the time nears to put down roots, I would like to be able to provide a stable home for myself and whatever family may one day follow.

Look forward to talking to you all, especially regarding investment strategies.

 

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On 31/05/2018 at 17:14, FoxSpirit said:

Hello all,

I've been reading this forum with interest for a few months now.

I live in London, and work in the construction field as a project manager, but I both haven't been able to afford to buy yet (still fairly young - late 20's, no partner, no bank of M&D. Nobody else my age in my immediate circle has been able to buy either, with a few exceptions / bank of M&D), and I just don't think that the prices being asked are realistic in any way, so I am unwilling to pay them atm.

My salary has recently gone up to a level that I could realistically get a mortgage on a one-bed flat somewhere in London once I get a bigger deposit together (~2 years if my investments etc pay off), and I have also looked at shared ownership shemes, as I could afford them now, but they seem pretty bad tbh, and a way to keep prices artificially high, although a few people I know have gone that route and seem happy with it. For me, I just think it's overpriced, and I'd prefer to keep investing in other things and take my chances.

I want to continue living in my area London, as I grew up very close to here, my work is here, and my life is here. My long-term goal is to buy a place here. I haven't had too bad a time with private rentals, with a few hair-raising exceptions, but as the time nears to put down roots, I would like to be able to provide a stable home for myself and whatever family may one day follow.

Look forward to talking to you all, especially regarding investment strategies.

 

dont buy into shared ownership, its a con

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Hi, Finman here.

Formerly Fence of very long standing but I lost my password and email address.  Well, TBH, the wife complained I was spending too long here and some of the nasty posts got to me.  So I committed cyber su*cide by letting her change my password and email to something forgetable.  That was me locked out!  And since I'm being honest, I did have a bit of a fling elsewhere but it (confusingly) didn't work out.

Anyways, I miss you all, have come home to "Mother" with tail between legs as it were, and have promised my wife to be more focussed.  The forum administrator quite rightly said I could not used Fence so here I am - Finman - which is good since it reminds me what I'm meant to be focussing on here!  BTW, many thanks Mr/Ms Administrator.

Yes, I lead a rather unecessarily complicated life at times!

Anyways, I hope I can add value on the finance stuff (also traditional building and IT but don't tell the wife!).

 

 

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10 minutes ago, Finman said:

Hi, Finman here.

Formerly Fence of very long standing but I lost my password and email address.  Well, TBH, the wife complained I was spending too long here and some of the nasty posts got to me.  So I committed cyber su*cide by letting her change my password and email to something forgetable.  That was me locked out!  And since I'm being honest, I did have a bit of a fling elsewhere but it (confusingly) didn't work out.

Anyways, I miss you all, have come home to "Mother" with tail between legs as it were, and have promised my wife to be more focussed.  The forum administrator quite rightly said I could not used Fence so here I am - Finman - which is good since it reminds me what I'm meant to be focussing on here!  BTW, many thanks Mr/Ms Administrator.

Yes, I lead a rather unecessarily complicated life at times!

Anyways, I hope I can add value on the finance stuff (also traditional building and IT but don't tell the wife!).

Oh, BTW, forgot to mention the obvious - a house should be no more than a utility, the cheaper the better!  Depriving generations of the opportunity of a reasonably priced place to feel secure, bring up a family, and feel invested in society is a sin and so shortsighted.  Financialisation and cheap credit.  My name is Finman and my curse is I understand finance and politics!

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I’ve found a place, needs to be completely gutted and refurbished as hasn’t been for 40 years.  Have one CCJ from 7 years ago that I’m not sure how to get off my record. 

I lurk on here to get an idea of whether I should buy now or after brexit.  

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On 04/11/2018 at 12:56, morty said:

I’ve found a place, needs to be completely gutted and refurbished as hasn’t been for 40 years.  Have one CCJ from 7 years ago that I’m not sure how to get off my record. 

I lurk on here to get an idea of whether I should buy now or after brexit.  

 

Welcome. Try not to sweat it too much. The CCJ should disappear by itself soon although I don't claim to be an expert in how the credit ratings agencies operate. Good luck with the project if you decide to take it on.

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Hi I'm a new member because the house price crash blog page doesn't get many new stories not like it did when I first discovered this Web site back in 2004 that is when I first used the Internet I still live in my childhood home because I've been getting my numbers wrong because I didn't watch the top of the market back in 2008 so didn't see the difference between the top of the market and the bottom of the market I took my eye of the ball by not looking at house prices in 2007 in my local area it seemed that prices only fell by 10k but it may have been more I saw prices rise between 1997 to 2005 but after that took my eye of the market thinking they cannot rise any further and just watched the headlines on this wedsite I'm a bit of a failure with this property game

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On 01/07/2018 at 10:56, prozac said:

Long time lurker for over 10 years, i agree with the concept that London prices are to high and need to come down to a more affordable number.

I keep thinking that prices are going to come down but...

I need london prices to come down about 50%

Yeah we need a 50% fall across the uk but people who brought at the top of the market will be in negative equity and alot of those people didn't want to pay the price they paid but yes they do need to correct if prices can go up they can also come down or is it just one way up up up up

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On 30/05/2018 at 20:19, Yellow_Reduced_Sticker said:
 
Been following the 'funny farm' lol ..for a couple of years must say really hooked on the forum now cos of durhamborn's "Deflationary collapse and the Reflation Cycle to Come" thread, its just EXCELLENT! with some canny contributors...
 

anyway i well remember what happened to the housing market in 1990 and I'm 100% sure this is gong to happen again soon, but this time it will be the WORST property CRASH in history!

 

On 30/05/2018 at 20:19, Yellow_Reduced_Sticker said:
 
Been following the 'funny farm' lol ..for a couple of years must say really hooked on the forum now cos of durhamborn's "Deflationary collapse and the Reflation Cycle to Come" thread, its just EXCELLENT! with some canny contributors...
 

anyway i well remember what happened to the housing market in 1990 and I'm 100% sure this is gong to happen again soon, but this time it will be the WORST property CRASH in history!

Do you really think that. I've noticed more property going up forsale in my area and not selling I'm not going to take my eye off the ball this time round not like I did in 2008 I knew they were falling in 2008 and 2009 but missed what level they were falling from because I wasn't looking at the rightmove website when we reached the peak. Maybe it all happened so quickly back then because if you're not looking you miss it

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37 minutes ago, mjn said:

Yeah we need a 50% fall across the uk but people who brought at the top of the market will be in negative equity and alot of those people didn't want to pay the price they paid but yes they do need to correct if prices can go up they can also come down or is it just one way up up up up

The country is not uniform, i think London prices need to come down a lot not the whole country.

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On 04/02/2018 at 18:55, Tapori said:

Many like yourself. keep reading, saving money and educating yourself. Things have to correct. It's literally unsustainable economically and politically. 

Don't lose hope I have been trying to get a long blog to you but it has not been registering may be because I've been talking in detail about the 2008 and early 90s crash it might get to you later

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On 01/02/2018 at 12:39, S.E.James said:

Hello all,

have been following this site for a while now decided to join up now because it seems impossible to have a sensible conversation even amongst my own friends and family about about the deep impact HPI has on our every day lives. I have to admit I personally feel aggrieved by the system I have been working for 12 years now never been unemployed worked hard chased every extra hours overtime That came my way saved every penny I can in accounts offering pathetic Interest rates whilst house prices have more than doubled (I live in south east London) I am nearly 30 and I’m losing hope

Yes it seems like a sellers market all the time never a buyer's market I'm the same I could afford a property tomorrow but don't want to buy at the top of the market I'm not a btl investor just want it has a place to live but you would not buy if you knew house prices were going to fall in 6 to 12 months time. I messed up in the 2008 crash because I didn't watch the peak to trough play out properly when prices hit the peak in 2007 I didn't look at the prices in my local city suburb so could not tell how far prices had fallen it seemed they only fell 10k when they may had fallen 40k so I've got to play out the whole cycle again. To be continued 

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  • 418 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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