I visit here often and chuckle at the pessimistic tripe offered by the amateur 'economists' and housing 'experts'. The latest rubbish to be offered up to sooth the bitterness of the non-home owners is the comparison of the UK housing market with the US and Australian markets. It is with glee that some posters watch the trials and tribulations of other markets and assume that the UK will fall flat on it's face. The truth is that those bitter pessimists are wrong, and I will tell you why.

The UK differs from those other failing markets because of its policy on immigration. Ourselves and Ireland encourage virtually unlimited immigration from former eastern bloc countries as a means of filling an employment need. Hundreds of thousands of migrant workers continue to require accomodation so that they can work in food plants, assembly plants and agiculture. This immigration is increasing exponentially as food production remains strong.

Those BTL'ers who own property close to industry in Ireland, the North and East of England and Wales can be rest assured that their rentals will provide a good income over the next few years because of the new immigrant population. Low cost flats and houses will do very well indeed.

I believe, that in a short time, the novelty of house ownership for young people will diminish as they they realise that their money is better spent on having a life instead of becoming mortgage 'slaves' for most of their lives. As house rental loses it's perceived stigma and the government are forced to introduce strong new legislation to protect a much larger rental sector, we will see a housing model more like that of Germany and Switzerland.

So, those of you rubbing your hands with glee at the prospect of seeing others fail, should buy yourselves good strong gloves because you are going to be rubbing your hands for some time to come!

Finally - If your economical astuteness is that good, how come you missed out on the house buying roller coaster yourselves??

TFH
are you concentrating? "It's" means "It is". You need to work on your literacy if you want to impress anyone.

Finally, some of us are roller-coasting all over the globe, thanks.

JY

Look ma, another "newbie neither"

Perhaps, if it's not too much trouble, you could tell us all what makes you a professional economist and a housing expert. Don't be too economical with the astuteness.

Surely 'how come you missed out on the house buying roller coaster yourselves??' is an oxymoron?

[quote name='Tenantfromhell' post='444450' date='Sep 9 2006, 09:24 AM']
I believe, that in a short time, the novelty of house ownership for young people will diminish as they they realise that their money is better spent on having a life instead of becoming mortgage 'slaves' for most of their lives.[quote]
I would agree with that statement

[quote name='Tenantfromhell' post='444450' date='Sep 9 2006, 09:24 AM']So, those of you rubbing your hands with glee at the prospect of seeing others fail, should buy yourselves good strong gloves because you are going to be rubbing your hands for some time to come![quote]

But disagree with that - many people will lose a lot of money in the coming years, or at best, get very poor yield on their investment and subsidise others to live
[quote name='Tenantfromhell' post='444450' date='Sep 9 2006, 09:24 AM']
Finally - If your economical astuteness is that good, how come you missed out on the house buying roller coaster yourselves??
[/quote]
Because I can make more money tax-free in a few days dealing currencies than your average BTLer will do in the next 10 years


why are the quotes not working? -oh well, who cares anyway

Tell me how I become an amateur! Please!!!

Seeing as most of them are going to be making a huge loss, I could probably do the same bringing back empty Irn Bru bottles to the shop.

You will discover some of the members on here are in the long process of learning the lesson of humility. Until they learn it, they will continue to suffer it.


There are two ways of looking at values. One is the price of the asset in sterlings, and the other is the price of sterlings in assets.
For instance, the extreme conclusions are,
"House prices keep going up"
"The purchasing power of sterling keeps falling"

I think both are equally good questions even if neither is true in its entirety.

Okay, so if there won't be a HPC, how come you refer to it as a house buying roller coaster.
Where do all rollercoasters end after the big climb???

it's ........abbreviation of ''it is''
its.......... possessive pronoun like his, her, their, our.........so no apostrophe!....

why do only about 2% of the population know this???????

If this theory held property in London wouldn't have crashed in the early 90's. I could have seen it crashing in certain parts of the country if this theory held. The main factor to the crash was unemployment, thus people defaulted on their mortgages thus creating a glut of houses on the market. In this atmosphere and uncertainty there were alot more sellers than buyers. Supply and Demand theory. In effect everyone was moving to London from all over the country looking for work, thus like now there were 10 - 15 per 3 bedroom houses. There wasn't a flood of rental properties especially at the lower end.

If nearly full employment held and a feel good economy factor held yes I would agree with you. Also as houses are sold e.g deaths, defaulters, emigrants there has to eb a consistent base of buyers, this is not a problem in a good economy. The future depends on how good the economy is .

Why do you care so much anyway? You sound pretty bitter yourself actually.

Thank God experts like you take time out to set us right!

There are many reasons people missed out. Here is one.

1. They didn't want to buy a property until recently due to having been at school or university.

Its snot a joke. Everyfing is falling on it's face.

I like to sh*t poo' and leave's.

But what really get's me is people using conjunction's to begin sentence's. And theres more. Why cant people spell loose on this site? Its one fing loosing an apostrophe but letting lose with poor spelling is just bad manners.

isn't it funny how forum members who profess to be 'neither bull nor bear', always turn out to be bulls parroting bull****.

Yes, weird how those who are "impartial" have such one-sided views!

Boo Hiss, down with the Houseprice Naysayers & Doomongers!

Look at the recent mass protest from lending institutions upon hearing that people are starting to say that prices are to fall:

|
|
V

hehehe

Priceless!

I enjoyed that...

I wish I was you.

He He He -

If all you losers can do is pick me up on my English - then go spell 'I lost out because I am without commercial astuteness!'

You moaning, whimpering fools. I read your pompous and self-righteous ramblings about how all of us investors will fail. You are only here because you failed to spot an opportunity and are bitter that you know realise that you are financially inept. I have a great many friends who rent happily because it is their choice. They don't bitch or whinge about us investors because their lives are full of other things.

I bought years ago and will always survive because instead of trying to pull the successful down, I decided to join them.

I feel that the BTL bandwagon is now full and I am now investing in locally manufactured products. I will be employing loads of Lithuanians and Poles who know how to work hard and don't grumble about my riches.

Anyways - bye for now, I'm off to ask a Romanian to polish my Aston Martin!

General Zod? Is that you?

I try my best to be grammatically correct and to spell correctly incase some over paid knob is reading my post, but from now on I am going to make textual balls ups on purpose!!

Stick to the topic you loosers!

tennant from hell is 55 & still lives with his mum, his only company is his right hand, lately to spice things up he is using his left

christ - 6 posts in and he is already outed himself as a troll

you just can't get the quality trolls these days...

Well spotted!

The market is going to be flooded with investment property soon. I have first hand experience. The block where I lived until I relocated recently has four flats for sale - all the investment buyers are selling. The flat I moved to is being sold from under me. Anybody in denial about the snowballing lowering of confidence better wake up sharpish.

Wow you're so cool. Ask the Romanian to polish your nob while you're there, as I'm sure you won't be getting any from anywhere else in the foreseable future.

Actually Aston Martins are down in price - 16%... so you can buy several for your Romanian pal or yourself, or play with!

see here

Actually you must be quite hideous, if despite owning an Aston Martin ( snigger) you are posting here on a Saturday night. Not even an AM can pull for you, eh?

And to think of the success I had in college even with an austin metro.

They are surprisingly roomy cars.

btp

Well I for one think it's super & smashing to get a range of viewpoints on property the economy & investing and to improve one's grammar in the process and even some humour thrown in for good measure!

Also to hear from people who are out there actually doing it and doing it (using whichever hand) or not doing it and using expressions such as troll & numpty should enable me to also sound clever in future

Well done Housepricecrash!!(only not yet obviously so as to make it more interesting)

What I object to is your smug assumption that everyone posting here, other than yourself - obviously - is in the same boat. That's simply not the case, there are many here who haven't yet been able to get on the housing ladder - some who don't particularly want to, others who would like to and are awaiting the opportunity, there are plenty who have STR'd, some have liquidated their portfolios.

So don't assume that everyone here has missed the 'roller coaster' you dimwit. AND let's see how you are coping when the roller coaster ride finishes, rather than calling it halfway through.

So speaks the voice of a bull.....

Why am I feeling so confident all of a sudden?

Oh yes.... Of course.....

This poster is a TWIT!!!!!

I'm a 'neither', and it's not impartiality so much as agnosticism. If anything, simple fear causes me to err on the side of bearish behaviour -- at least at the moment.

Well, if they can't make any good points against the original post, they might as well attack spelling/grammer or make random attacks on the poster himself.

Yes and calling the OP a twit isn't going to make them be able to afford a house.

Yes and calling Gordon Brown the scum of the earth isn't going to fix this country either - but it doesn't change the fact that he is, and I can point that out if I darn well feel like it.

You go, girlfriend!

It's an unfortunate English trait to want to destroy and pull down those who have success. There are some people who see success and want a share of it. They give up luxuries and time (the biggest luxury?) so that they can apply themselves to providing a better and brighter future for themselves and their loved ones.

All I see here is a group of envious ne'rdowells who, instead of finding a way around the challenges of life, they moan, whinge, bleat and generally cry about the fact that they have found themselves in a slightly less than ideal situation.

The youngsters trying to get on the ladder have my sympathy and support. The other f*ckwits can go screw themselves because they have had their chance of a place in the sun and blown it. Some by their own hand and some becuase of misfortune. I can understand and symathise with those too..........until they start to ridicule and destroy what I do and how I do it!

I then have a chance to rub their envious, spiteful noses in their own mess.

Instead of wasting your valuable time trying to poke fun at the financially successful, why don't you go and make your own fortunes?

The other point is that money and property isn't everything..........ask someone cannot have children or someone who is terminally ill. They have a true perspective on life.

Your little jibes and taunts have absolutely no affect. The universe is a huge place!

its a mystery!

But, surely, the apostrophe is used in the possessive form, as in 'It's mine'...

Instead of wasting your valuable time trying to poke fun at the financially unsuccesful, why don't you go and play with your Romanian?

I hate to break it to you but I (and I'm sure most others on here) do not envy you at all. Why would we envy somebody with an attitude problem who talks down to people in such a smug and arrogant way?

I have chosen my path in life and I am very happy. If I wasn't happy I would make the necessary changes.

I would like to be able to afford a home for my family within the next five years but it is not the end of the world if I don't. As somebody who almost lost a brother in a near-fatal accident I know all about what's really of value in life thank you.

More to the point, if you really are so succesful and content, why are you on here trying to big yourself up by belittling others? It makes no sense.

It leads me to suspect that you are not really as happy with your life as you say you are.

EDIT: Oh and incidentally shouldn't your username be "Landlordfromhell" if you are such a property tycoon?

That's not a possessive; it's short for "it is mine". The possessive form of "it" would occur in something like "The ship dropped its mine in the sea", where there's no apostrophe.

But the possessive form of a proper noun DOES have an apostrophe.

"I dropped Sarah's comb"

Why is this? This seems contradictory to me but I'm sure there must be a good reason and I'm dying to hear it.

Why not go and explore it chuck, give the extra terrestrials the benefit of your 'wisdom' .

I think Mr Jones was being humourous...

I see that the children on this site have added an unauthorised avatar. How is this site going to have any sort of credibility if the moderators can interfere with a posters profile?

I would be surprised that the advertisers on this site would be impressed with the behaviour here and would be comfortable with this sort of interference.

To be honest, when I came to this country, I expected to encounter professional and hard working people but this site seems to be the meeting place for the trailer trash that I heard existed. Go get an education and a life! You may make enough money to buy your next fourpack of Tenents Super!

He He

You are distinguishing a comb belonging to Sarah from Sarahs-comb and Sarahs' comb (many Sarahs). It's unlikely you'd have the noun its-comb. This is my opinion. I think American grammar is more precise than English grammar, probably because it came from England in the first place!

What I find interesting is the amount of people on this site who use LOSE and LOOSE. I believe that they are one and the same person. If people are able to communicate effectively I don't care if they cannot spell every single word but it is obvious, to me at least, that some here are using multiple user names.

My posts got censored yesterday so I'm deciding whether or not to bother posting any longer.