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(, Sun 1 Apr 2001, 1:00)
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did you miss this?
if you're buying for yourself, you have to love it, and you have to see it as investing in your home life, not a way to make cash

( rachelswipe "i would smile if she died". A+., Thu 15 Aug 2013, 12:19, Delete, Edit, Reply, I like this!)

we are saying the same thing! however, there is no way you can stop it.
(, Thu 15 Aug 2013, 12:35, 2 replies, latest was 12 years ago)
Yes, but you then went on to say:
if you're investing for cash, you have to know what you are doing. otherwise you might be lucky, you might not.

Which is the direct opposite of what TMB said.
(, Thu 15 Aug 2013, 12:36, Reply)
so, what will you do with any profit on your house?
i'm assuming you won't keep it, based on how wrong that would be?
(, Thu 15 Aug 2013, 12:44, Reply)
You're missing the whole point here by focusing on individuals.
The problem is not that house prices rise a bit over time in line with inflation, it's that house prices are at the stage where they are unaffordable.

If all house prices fell, then I can still sell my house and buy another one somewhere else with no real difference (assuming i'm not in negative equity).
(, Thu 15 Aug 2013, 12:49, Reply)
yeah, but you think making profits on houses is BAD
so come on, what will you do with the profits?
(, Thu 15 Aug 2013, 12:53, Reply)
yes you can.
Massive taxation on more than one property.

and, no, I didn't miss that. you said "i've got several friends with 100% mortgages (or 105% in one case) who are now in negative equity and totally fucked. although i guess if you buy in london, you're probably ok. i thought my friends were mental for getting a 105% mortgage in streatham, but they're now selling it for an £80k profit."

You're buying to live in. How much you make or whether you are in negative equity right now are not relevant if your concern is its value as a home.
(, Thu 15 Aug 2013, 12:38, Reply)
so you'd stifle all investment in property?

(, Thu 15 Aug 2013, 12:43, Reply)
why not?
I'd rather not go that far, but people are cunts. If it's the only way to prevent this idiotic overvaluation of property (which, let's not forget, has taken down the world's economy once already and will do so again) then, let's do it.
(, Thu 15 Aug 2013, 12:48, Reply)
although massive taxation on buy to let properties wouldn't stifle investment
it would just level things out a bit.
(, Thu 15 Aug 2013, 12:50, Reply)
so you stop property investment in the uk
and all the money that is currently being spent in the uk is diverted to other countries, a number of builders and agents and surveyors and conveyancers etc are made redundant, ok, with you so far.

and then what happens to people whose mortgages are too high? fuck 'em?
(, Thu 15 Aug 2013, 12:51, Reply)
Yep. fuck em.
They've been fucking the rest of us for decades, sweetie.
(, Thu 15 Aug 2013, 12:52, Reply)
but then they'd be unemployed
and on the dole. how would that help the economy, rather than them being employed and paying tax, spending money etc?
(, Thu 15 Aug 2013, 12:56, Reply)
You say this like it's a bad thing.
But this entire discussion has been about how investing in houses is a bad thing because it has completely fucked our economy. Can you really not see that?
(, Thu 15 Aug 2013, 12:50, Reply)
of course i can
i agree with some of what you are saying. and i am guilty of winding you up a bit, because i do love a good leftie froth. but you are far too black and white about it. there are always some benefits to investment. they might not benefit the people you would like, though.
(, Thu 15 Aug 2013, 12:52, Reply)

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