During the next boom time
Discussion
Will you rush to buy yourself a portfolio of property in order to make yourself a paper millionaire or will be happy with your lot after seeing what has happened this time round?
As I sit here now I'm going to say I will be happy with my lot, however I can see that all changing all to easily if house prices (ever) start to go crazy again.
As I sit here now I'm going to say I will be happy with my lot, however I can see that all changing all to easily if house prices (ever) start to go crazy again.
moles said:
I get the feeling that people in this country will always see houses as an easy way to make money and will rush out at the first opportunity to buy more. It seems like it's engrained in society and therefore we will always have boom/bust.
Why when the stock market operates on exactly the same supply and demand princilpes and precieved values do you look to rubbish the housing market?If we had the Scottish system of housebuying there wouldn't have been the huge boom bust as once agreed a sale is set in concrete without gazumping.
Our estate agents , all unqualified remember must also take a huge proportion of the blame as they illegally inflate prices by simply lying over the phone. Their commision based interests make the whole system open to abuse by agents every time.
There should be a set charge for selling a house based purely on the cost and printing involved etc.
mark69sheer said:
Our estate agents , all unqualified remember must also take a huge proportion of the blame as they illegally inflate prices by simply lying over the phone. Their commision based interests make the whole system open to abuse by agents every time.
There should be a set charge for selling a house based purely on the cost and printing involved etc.
On the other side 0.5% of £1000 is £50There should be a set charge for selling a house based purely on the cost and printing involved etc.
For the sake of £50 they would rather the seller loses a grand or two than lose a sale...
Honestly? I will probably try and jump on the merry go round next time it goes around.
It seems that in this day and age it is not as risky as it once was. If things go badly you just go bankrupt and start saving some cash for the next time round. If things go well, you are a multi-millionaire.
Who is the fool, the one went bankrupt a few times on the way to riches or the one who just stayed poor and debt free for their entire life?
It seems that in this day and age it is not as risky as it once was. If things go badly you just go bankrupt and start saving some cash for the next time round. If things go well, you are a multi-millionaire.
Who is the fool, the one went bankrupt a few times on the way to riches or the one who just stayed poor and debt free for their entire life?
I realise that it is not just the housing market that operates this way but that was what the OP was asking. The greed of society will come home to roost this year and we deserve everything we get.
If we had the Scottish system of housebuying there wouldn't have been the huge boom bust as once agreed a sale is set in concrete without gazumping.
Our estate agents , all unqualified remember must also take a huge proportion of the blame as they illegally inflate prices by simply lying over the phone. Their commision based interests make the whole system open to abuse by agents every time.
There should be a set charge for selling a house based purely on the cost and printing involved etc.
mark69sheer said:
moles said:
I get the feeling that people in this country will always see houses as an easy way to make money and will rush out at the first opportunity to buy more. It seems like it's engrained in society and therefore we will always have boom/bust.
Why when the stock market operates on exactly the same supply and demand princilpes and precieved values do you look to rubbish the housing market?If we had the Scottish system of housebuying there wouldn't have been the huge boom bust as once agreed a sale is set in concrete without gazumping.
Our estate agents , all unqualified remember must also take a huge proportion of the blame as they illegally inflate prices by simply lying over the phone. Their commision based interests make the whole system open to abuse by agents every time.
There should be a set charge for selling a house based purely on the cost and printing involved etc.
Edited by moles on Sunday 28th December 10:51
moles said:
I get the feeling that people in this country will always see houses as an easy way to make money and will rush out at the first opportunity to buy more. It seems like it's engrained in society and therefore we will always have boom/bust.
I think Britain has a natural entrepreneurial spirit, Arthur Daley, Del Boy etc. It's part of our psyche.moles said:
Good point, as long as this is allowed to happen how can things ever change?. Digger i'd say more people care about material wealth than happiness.
Hedders said:
Honestly? I will probably try and jump on the merry go round next time it goes around.
It seems that in this day and age it is not as risky as it once was. If things go badly you just go bankrupt and start saving some cash for the next time round. If things go well, you are a multi-millionaire.
Who is the fool, the one went bankrupt a few times on the way to riches or the one who just stayed poor and debt free for their entire life?
It seems that in this day and age it is not as risky as it once was. If things go badly you just go bankrupt and start saving some cash for the next time round. If things go well, you are a multi-millionaire.
Who is the fool, the one went bankrupt a few times on the way to riches or the one who just stayed poor and debt free for their entire life?
CzechItOut said:
moles said:
I get the feeling that people in this country will always see houses as an easy way to make money and will rush out at the first opportunity to buy more. It seems like it's engrained in society and therefore we will always have boom/bust.
I think Britain has a natural entrepreneurial spirit, Arthur Daley, Del Boy etc. It's part of our psyche.CzechItOut said:
moles said:
I get the feeling that people in this country will always see houses as an easy way to make money and will rush out at the first opportunity to buy more. It seems like it's engrained in society and therefore we will always have boom/bust.
I think Britain has a natural entrepreneurial spirit, Arthur Daley, Del Boy etc. It's part of our psyche.Some people see houses as a business opportunity as they are worth money and increase and decrease in value. Therefore they can be an investment. Long term they do very well. Some do well short term.
But shall we take an example of a bloke lets call him Bob.
Now Bob bought a second home 25 years ago The average price of a house was £29,993.
Bob had the house valued this week at £172,108.
Now that is not a bad return. Especially if it has been rented out throughout that time and not cost a penny.
elster said:
CzechItOut said:
moles said:
I get the feeling that people in this country will always see houses as an easy way to make money and will rush out at the first opportunity to buy more. It seems like it's engrained in society and therefore we will always have boom/bust.
I think Britain has a natural entrepreneurial spirit, Arthur Daley, Del Boy etc. It's part of our psyche.Some people see houses as a business opportunity as they are worth money and increase and decrease in value. Therefore they can be an investment. Long term they do very well. Some do well short term.
But shall we take an example of a bloke lets call him Bob.
Now Bob bought a second home 25 years ago The average price of a house was £29,993.
Bob had the house valued this week at £172,108.
Now that is not a bad return. Especially if it has been rented out throughout that time and not cost a penny.
moles said:
moles said:
Good point, as long as this is allowed to happen how can things ever change?. Digger i'd say more people care about material wealth than happiness.
Hedders said:
Honestly? I will probably try and jump on the merry go round next time it goes around.
It seems that in this day and age it is not as risky as it once was. If things go badly you just go bankrupt and start saving some cash for the next time round. If things go well, you are a multi-millionaire.
Who is the fool, the one went bankrupt a few times on the way to riches or the one who just stayed poor and debt free for their entire life?
It seems that in this day and age it is not as risky as it once was. If things go badly you just go bankrupt and start saving some cash for the next time round. If things go well, you are a multi-millionaire.
Who is the fool, the one went bankrupt a few times on the way to riches or the one who just stayed poor and debt free for their entire life?
I'd say jump on the band wagon next time, but not at the cost of more important things
otherwise like allot of bankers, when its gone again (& it will) your left with nothing, including your wife.mark69sheer said:
If we had the Scottish system of housebuying there wouldn't have been the huge boom bust as once agreed a sale is set in concrete without gazumping.
Our estate agents , all unqualified remember must also take a huge proportion of the blame as they illegally inflate prices by simply lying over the phone. Their commision based interests make the whole system open to abuse by agents every time.
There should be a set charge for selling a house based purely on the cost and printing involved etc.
I agree with the qazumping bit but how estate agents acted illegally I'm not sure?Our estate agents , all unqualified remember must also take a huge proportion of the blame as they illegally inflate prices by simply lying over the phone. Their commision based interests make the whole system open to abuse by agents every time.
There should be a set charge for selling a house based purely on the cost and printing involved etc.
fido said:
ShadownINja said:
Buy high, sell higher, sit back and giggle.
Like having sex without contraception, it's about knowing when to pull out.
or just spunk the load on fast cars and women? Like having sex without contraception, it's about knowing when to pull out.
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