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Keeping house prices low. Property values to be tied to rise in wages (UK); These homes should be considered homes, not assets. It's not all about ladders and working your way up.
Topic Started: 30 Dec 2016, 08:29 AM (1,768 Views)
Khaderbhai
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Wealthy Suburbanite

Jimbo
31 Dec 2016, 09:31 PM
Landwhales who think they are clever businessmen because they bought a house to live in
LOL, says the guy who also bought a house to live in.

Quote:
 
But no matter what, you are still landwhales, parasites, oxygen theives.

I am in Edinburgh at the moment, birthplace of the tenement and slum landlord scum like yourselves.

You people make me want to puke.
Sounds like you're really just angry with yourself, because you sold the house you had bought to live in.

You deliberately moved yourself down to the renter class, thinking you were a clever businessman, gambling on a crash that deep down you now realise isn't going to happen.

But I suppose it's easier to blame the 'landwhales' than admit you made a mistake...
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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herbie
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Khaderbhai
1 Jan 2017, 09:08 AM
LOL, says the guy who also bought a house to live in.


Sounds like you're really just angry with yourself, because you sold the house you had bought to live in.

You deliberately moved yourself down to the renter class, thinking you were a clever businessman, gambling on a crash that deep down you now realise isn't going to happen.

But I suppose it's easier to blame the 'landwhales' than admit you made a mistake...
Jimbo sometimes has a short memory maybe?

He guffawed at me when I announced I'd bought me last one - A cheapy wot had 'issues'; So had 'failed' its building 'n pest.

Wot no-one else seemed ta be rushin' for? Even though it would have bin extremely affordable for pretty much any genuine FHB couple in tha area I reckon; Basically coz none of 'em wanted tha work would have ta be my punt? Wot wif none of tha 'issues' bein' such that I'd imagine any money hungry bank would knock 'em back on finance for it I also reckon?

PS: 'N incidentally, I paid cash for it - So tha comment about me usin' me existin' home equity ta borrow up big 'n 'price out' tha poor strugglin' FHB woz wrong too ... Tho he did very much get tha bit right about it bein' 'an entry level property' I reckon ... :)
Edited by herbie, 1 Jan 2017, 11:09 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Khaderbhai
1 Jan 2017, 09:08 AM
LOL, says the guy who also bought a house to live in.
And sold it at a huge profit, and is now hoping everyone else suffers a crushing economic loss so that he can profit.

You don't need to scratch very deep with Mystic Jim to see he's a scumbag at heart.
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Jimbo
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Khaderbhai
1 Jan 2017, 09:08 AM
You deliberately moved yourself down to the renter class, thinking you were a clever businessman, gambling on a crash that deep down you now realise isn't going to happen.
What I did was sell knowing that WA was in for a downturn. That downturn materialised as is ongoing.

It's not something I am praying for and I'm pretty sure that my prayers wouldn't make a difference one way or the other.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Khaderbhai
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Jimbo
1 Jan 2017, 05:35 PM
What I did was sell knowing that WA was in for a downturn. That downturn materialised as is ongoing.
Downturns are a regular occurrence.

Doesn't make sense to sell your home unless prices fall by enough to cover the costs of selling, moving, renting, and then buying and moving again (plus the inconvenience factor).
Edited by Khaderbhai, 1 Jan 2017, 05:39 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Jimbo
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Trollie
1 Jan 2017, 03:10 PM
And sold it at a huge profit, and is now hoping everyone else suffers a crushing economic loss so that he can profit.
Already made a tidy profit thanks.

Who suffers if house prices drop?

Owner occupiers still have their homes, new buyers get cheaper homes, trader uppers have a smaller gap to bridge.

The only people to suffer will be those who thought they could live for free by renting a house out to a person who they had priced out of the property market.

I won't be shedding any tears for the parasite class.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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newjez
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Jimbo
31 Dec 2016, 08:24 PM
Your idea of doing well in life is to use the advantage of your age and ownership of property bought cheaply, to outbid those without the same advantages and then rent to them the very thing they can't afford to buy.

You add no value to society by doing so. You produce nothing.

You simply transfer capital from the least advantaged to yourself.

You justify this by asserting that the people you have taken advantage of can do the same thing as you in 20 years time.

You believe that this can go on forever.

When Thatcher decided to sell off council housing stock and denied local councils the ability to use those funds to increase housing stock, was she not controlling the price of houses?

When the Tories gave notice of scrapping "MIRAS" were they not controlling the price of houses?

Etc.
No they were influencing, not controlling.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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