A glimmer of hope

comment by Silver (U6112)
posted 10 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------

good for you. Some can't just sell as they live in those homes. Seems odd to be 'tough shat' toward anyone that doesn't have the flexibility.

No odds to me, have a 26k mortgage and house is worth 200k now, I won't be losing much of anything.

comment by Silver (U6112)
posted 22 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------
French word for shower

comment by Sat Nav (U18243)
posted 6 minutes ago
comment by Silver (U6112)
posted 22 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------
French word for shower
----------------------------------------------------------------------
Ah, you've resorted to the response of last resort - splendid.

comment by Silver (U6112)
posted 2 minutes ago
comment by Sat Nav (U18243)
posted 6 minutes ago
comment by Silver (U6112)
posted 22 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------
French word for shower
----------------------------------------------------------------------
Ah, you've resorted to the response of last resort - splendid.
----------------------------------------------------------------------
Just letting you know how you’re coming across, is all. Take some time for some self-reflection or ignore it.

Thousands of people will lose money by property prices dropping as much as is being forecast and your response has been ‘boo hoo’ and ‘I got out early so I’m ok’

Congratulations on selling your multi-million pound property though, that’s good work.

All investments are a risk, so it’s or buts. If you are buying second homes for retirement, they’d be smart to have a pension too.

The housing market generally appreciates, most second home owners will do just fine in the long run.

It makes sense that people would feel less sorry for the property investor losing out (not by much) over a family who barely get by and have to fork out hundreds of pounds from nowhere. That’s human nature.

comment by Sat Nav (U18243)
posted 20 minutes ago
comment by Silver (U6112)
posted 2 minutes ago
comment by Sat Nav (U18243)
posted 6 minutes ago
comment by Silver (U6112)
posted 22 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------
French word for shower
----------------------------------------------------------------------
Ah, you've resorted to the response of last resort - splendid.
----------------------------------------------------------------------
Just letting you know how you’re coming across, is all. Take some time for some self-reflection or ignore it.

Thousands of people will lose money by property prices dropping as much as is being forecast and your response has been ‘boo hoo’ and ‘I got out early so I’m ok’

Congratulations on selling your multi-million pound property though, that’s good work.


----------------------------------------------------------------------
Weird reply. Sounds like you are bitter about people making money from property.

comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 55 minutes ago
comment by Silver (U6112)
posted 10 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------

good for you. Some can't just sell as they live in those homes. Seems odd to be 'tough shat' toward anyone that doesn't have the flexibility.

No odds to me, have a 26k mortgage and house is worth 200k now, I won't be losing much of anything.
----------------------------------------------------------------------
I assume you mean you’ve 26k left to pay on your mortgage? Genuine question

comment by Irishred (U2539)
posted 41 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 55 minutes ago
comment by Silver (U6112)
posted 10 minutes ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 37 seconds ago
comment by Silver (U6112)
posted 1 minute ago
comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)
posted 42 seconds ago
comment by manusince52 (U9692)
posted 49 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 32 minutes ago
OP

So any recent new buyers, not only will they be paying £500 a month more, they will see 25 per cent knocked off their house price. Sounds like a recipe for disaster. Not a glimmer of hope.
----------------------------------------------------------------------
Obviously I'm talking of people who will be buying their house when it is cheaper.
For those who have already bought the ' loss' is meaningless if they live there.
----------------------------------------------------------------------

The loss isn't meaningless as a lot of people turned to property investment as a way to build a retirement fund after pensions died a death for many.
----------------------------------------------------------------------
Boo hoo - more fool them if they didn't diversify their financial futures. Sh.t happens, suck it up.
----------------------------------------------------------------------

Weird reply. Sounds like you are bitter about people making money from property.
----------------------------------------------------------------------
Not at all. Sunk over 7 figures in 20 years ago and cashed out last year cos everyone knew what was coming.
----------------------------------------------------------------------

good for you. Some can't just sell as they live in those homes. Seems odd to be 'tough shat' toward anyone that doesn't have the flexibility.

No odds to me, have a 26k mortgage and house is worth 200k now, I won't be losing much of anything.
----------------------------------------------------------------------
I assume you mean you’ve 26k left to pay on your mortgage? Genuine question
----------------------------------------------------------------------

What else could he mean? Genuine question

Reduced by 25%....cant see it at all tbh

comment by Cinciwolf----Old Trafford record attendance.....WOLVES V GRIMSBY. .......lolz (U11551)

good for you. Some can't just sell as they live in those homes. Seems odd to be 'tough shat' toward anyone that doesn't have the flexibility.
----------------------------------------------------------------------
I agree and recognised that earlier in the thread that not everyone has flexibility or circumstances and has to take a loss sometimes but almost everyone had open to them low, long-term rates and the country's economics heading for a cliff edge could not have been signalled any stronger yet here we are it is someone else's fault.

I remember the tech crash - almost overnight told my income was -20%, wife's -50%, no negotiation. Fine, I had a long-term fix. No holidays, reign in spending, take advantage of the mortgage over-payments I'd been making - tough shat.

Company 're-grading exercise' with another effective -30% over 10 years. I guess the pain there was spread? Ultimate redundancy, meh saw it coming and prepared. Tough shat.

Before that let my stockbroker talk me out of ARM - a subsequent 20-bagger. Lost the lot in Carillion. Lost almost the lot on plenty other investments. 'Lost' £150k on another due to high lending rates over the last 18months. Meh, it will come back. My stupidity and greed for thinking the run would never end or turn around or the rates impact would be so huge. Tough shat.

First house riddled with dry rot cos I never spotted the signs. 3rd house spoiled by a new build right up against mine due a government planning appeal / legal fck up. All my own fault ultimately and tough shat.

Investments that have gone right - all my own fault too.

House prices aint crashing as numerous on here have already said. The think tank thing would be a worst case scenario and demand will bring it back. The fact people consider property an investment for anything other than a family home is part of the problem. The gov has levers, maybe not enough but successive govs of all colours have refused to materially address it or done so clumsily.

So yes, tough shat happens and we all live through it, get through it and are wiser if not wealthier. Be thankful for good health, family, friends that matter more.