Can’t wait for the big crash

[HPcrashingdown]

I can’t wait for prices to come back down. It’s absolutely ridiculous how mental prices have gone. I will be just waiting with my hefty deposit ready to buy my forever home. It will be great.

You want people to be in negative equity just so you can buy?

How lovely.

i own a home and tbh I’d love prices to drop, it’s ridiculous and makes every step on the ladder a whole additional wage

Do you realise that many people can afford to sell when prices drop significantly? Which means there will be no where near as many houses on the market for you to buy.

Yes, a massive recession caused by a house market crash will be brilliant

*can’t

I am also waiting to buy but I would never write a post so goady and which takes so much glee in other people’s misery. Not your finest moment, OP.

You’re hoping for a financial crash? How’s that beneficial for anyone? A crash will affect your ability to Buy. If values plummet potentially less for sale,reducing the availability which may actually drive up prices. I would not hope for a crash as it has ramifications for many inc you

Is it let’s see how much we can wind Mnetters up at another forum day or something ?

If you have such a "hefty deposit", why do you need the prices to drop exactly? Weird flex to say you have a hefty deposit but apparently can't afford to buy without a market crash.

I get it but it is a very individualistic POV - many people have put their life savings into homes and many could end up in negative equity. Crashes are never good for anyone - a slow recalibration over time is what we need.

Also, banks are far less likely to offer mortgages, large deposit or not.

Lol. Don't hold your breath

This.

I think you’re on the wrong forum OP.

Is this another HPC forum post?

Why would I sell my house when it’s in negative equity when I could hold on until prices rise again? Which they always will.

Enjoy your massive interest rates with your mortgage though!

Interesting user name 🤣 been here long?

A mega crash has been talked about since covid, so where is it? My house has almost doubled in the ten years since I bought it, if I'd waited for a big crash I'd never be able to offord this house today. Sobering though and I'm very grateful we bought back then tbh

Careful what you wish for.

Negative equity only affects people if they want to sell though right? Houses they want to move to will also have reduced in price?

I can’t feel sorry for people who already have the security of their own home, have been paying off their own mortgage so they have an owned outright property eventually and the comfort of their own home in their old age and something to leave to their DC while people like me have been at the mercy of landlords in insecure and substandard housing, looked down on as a tenant, having had to pay over £200k off other people’s mortgages, can’t afford to save a deposit due to ridiculous rents or buy a house despite having an household income of £80k a year now as mortgage wouldn’t be enough to cover it.

A 3 bed bog standard family home in my area is around £400k! Ex council houses too.

I’m with you OP. This situation has gone on for too long.

You realise you have to be over 18 to own a property, right? 🤔

Look at Op's user name. Obviously created for this deliberately provocative thread.

I think the post spoke for itself anyway 😂

school in the morning, OP. Best go and iron your uniform