House market - how low will it go?

[Scoobos]

You're in a privileged position, health concerns notwithstanding.

Not being an arse to you personally, but I hate that word.

I've bought a modest house outright, I've never had a mortgage, but take it from me, my life is not privileged and using that word can impact very negatively on someone's mental health.

Even if someone (I'm certainly not) is from a background of privilege , they cannot help the life they are born into - and using that word to describe someone you don't know , can make them feel like they aren't allowed to feel negative thoughts because 'there's someone worse off'. This leads to serious problems in some.

Sounds preachy, but a raw nerve I suppose .. I'll bugger off somewhere to say something jolly

[BrilloPad]

Not being an arse to you personally, but I hate that word.

I've bought a modest house outright, I've never had a mortgage, but take it from me, my life is not privileged and using that word can impact very negatively on someone's mental health.

Even if someone (I'm certainly not) is from a background of privilege , they cannot help the life they are born into - and using that word to describe someone you don't know , can make them feel like they aren't allowed to feel negative thoughts because 'there's someone worse off'. This leads to serious problems in some.

Sounds preachy, but a raw nerve I suppose .. I'll bugger off somewhere to say something jolly

Many billionaire's say the same. They are not worth as much as proper billionaires.

Personally I am grateful to be born in a Western Country where I have enough to eat and a roof over my head. Anything else is a bonus.

[scooterscot]

Not being an arse to you personally, but I hate that word.

I've bought a modest house outright, I've never had a mortgage, but take it from me, my life is not privileged and using that word can impact very negatively on someone's mental health.

Even if someone (I'm certainly not) is from a background of privilege , they cannot help the life they are born into - and using that word to describe someone you don't know , can make them feel like they aren't allowed to feel negative thoughts because 'there's someone worse off'. This leads to serious problems in some.

Sounds preachy, but a raw nerve I suppose .. I'll bugger off somewhere to say something jolly

Perhaps what I mean was fortuitous? Is that okay?!

[The Janter Effect]

Mate of mine just completed on a £450k 3 bed new build in Swindon last Friday and he can't even move in. He's now paying interest on a house he can't live in plus he can't get any tenants into the property he was putting on a BTL and moving from.

Don't see this ending well

[Whorty]

You're in a privileged position, health concerns notwithstanding.

A 'privilege', if that is true, that I have worked to get. I came from a council estate from one of the poorest areas of the country and worked my way to where I am today. Nothing has been given to me (or my wife).

I/we went without holidays for years in order to pay off our mortgage to ensure we would be debt free at a time when we expected her health to get worse and our ability to work to reduce.

And I was just responding to your post to me ..... if you're going to accuse me of something, I have a right to reply.

[BrilloPad]

Mate of mine just completed on a £450k 3 bed new build in Swindon last Friday and he can't even move in. He's now paying interest on a house he can't live in plus he can't get any tenants into the property he was putting on a BTL and moving from.

Don't see this ending well

Good. Hope he goes bankrupt. Second home owners f**king up the lives of the young. IMO all BTL rental income should be taxed at 110%. And double each year.

[Paralytic]

Good. Hope he goes bankrupt. Second home owners f**king up the lives of the young. IMO all BTL rental income should be taxed at 110%. And double each year.

[The Janter Effect]

Good. Hope he goes bankrupt. Second home owners f**king up the lives of the young. IMO all BTL rental income should be taxed at 110%. And double each year.

Seriously that's f***g just nasty. Try and put your brain into gear before you spout bile like that. Not everybody who rents out a house is doing it for blatant profiteering.

This guy has just had a messy divorce & he actually needed to move but had no chance of selling in the current market conditions. Renting it out was supposed to give him the chance to move on from a particularly unpleasant situation.

[Whorty]

Many billionaire's say the same. They are not worth as much as proper billionaires.

Personally I am grateful to be born in a Western Country where I have enough to eat and a roof over my head. Anything else is a bonus.

You're right, that's our true privilege - to be born in the UK, with free health care, free (well, mostly) education, an open market for work, and the opportunity, should we choose, to better ourselves.

[eek]

Seriously that's f***g just nasty. Try and put your brain into gear before you spout bile like that. Not everybody who rents out a house is doing it for blatant profiteering.

This guy has just had a messy divorce & he actually needed to move but had no chance of selling in the current market conditions. Renting it out was supposed to give him the chance to move on from a particularly unpleasant situation.

No chance of selling, yet he bought another property at the same time.