bear.getting.old Posted February 9, 2018 Share Posted February 9, 2018 Count I hope you are right but everywhere outside London is still rocketing up. Manchester perhaps is lagging the London market by a year Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 9, 2018 Author Share Posted February 9, 2018 3 minutes ago, bear.getting.old said: Count I hope you are right but everywhere outside London is still rocketing up. Everywhere ? Luton, MK, Tunbridge Wells, Guildford, Bath etc etc etc....dead in the water from what I can tell Some crazies might be going all in oop North cause someone on the tele said it was cheap and they can afford to get into BTL there but in reality as the Magicked up cash dries up and the IRs rise the same thing that happen in 2007 will happen there only harder. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 9, 2018 Share Posted February 9, 2018 15 minutes ago, bear.getting.old said: Count I hope you are right but everywhere outside London is still rocketing up. Manchester perhaps is lagging the London market by a year No, not in the North, where I look. At best youve had 15 years of the prices stating the same. Some places have seen 30% of prices. And the only reason why this has been achieved is QE and very low rates. Bump up rates and prices will turn down a lot. Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted February 9, 2018 Share Posted February 9, 2018 (edited) This feels a lot more to me like it's going to be a traditional 1991 type recession - but bigger by many times - than a 2008 financial crash type. So much deja vu. Edited February 9, 2018 by oldsport Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted February 9, 2018 Share Posted February 9, 2018 8 minutes ago, spyguy said: No, not in the North, where I look. At best youve had 15 years of the prices stating the same. Some places have seen 30% of prices. And the only reason why this has been achieved is QE and very low rates. Bump up rates and prices will turn down a lot. In the areas of the North where I'm looking I've seen a much bigger divergence between posh and not. Some areas down 30% since 2008 getting close to fair value - but others not so far away up almost 30% into total insanity. Quote Link to comment Share on other sites More sharing options...
bear.getting.old Posted February 9, 2018 Share Posted February 9, 2018 OK on the northern houses past peak but are we at end game? I'd like it to to be but I'm not convinced. Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted February 9, 2018 Share Posted February 9, 2018 (edited) IR's at 5% by year end would be a start imo. Carnage has no choice now and so is trying to make out that it's all about targeting inflation, even though he's written a letter every month for years explaining why inflation is above 2%. All very interesting and rather obvious. Edited February 9, 2018 by Social Justice League Quote Link to comment Share on other sites More sharing options...
dougless Posted February 9, 2018 Share Posted February 9, 2018 2 hours ago, oldsport said: This feels a lot more to me like it's going to be a traditional 1991 type recession - but bigger by many times - than a 2008 financial crash type. So much deja vu. I have been feeling this for years but I am still waiting.... Quote Link to comment Share on other sites More sharing options...
winkie Posted February 9, 2018 Share Posted February 9, 2018 20 hours ago, Grab_Some_Popcorn said: Just the fact IR rises are being talked about will affect sentiment. Ditto articles on BTL suffering... Personal insolvencies... There is no law against becoming insolvent.......that is why LTD cos exist......thing with secured personal lending it is secured against the said property and often secured against the owner occupier property that was leveraged to purchase the BTL property....... Quote Link to comment Share on other sites More sharing options...
longgone Posted February 9, 2018 Share Posted February 9, 2018 2 hours ago, Social Justice League said: IR's at 5% by year end would be a start imo. would be nice more than likely a 1.25% base rate though Quote Link to comment Share on other sites More sharing options...
darkmarket Posted February 9, 2018 Share Posted February 9, 2018 8 hours ago, bear.getting.old said: OK on the northern houses past peak but are we at end game? I'd like it to to be but I'm not convinced. How do central banks realistically reverse course on QT now? It would imply that QE was infinite, which would in turn imply that all currencies should price that in and go to zero and bond yields to infinity, immediately. Whatever havoc they wreak, they'll have to see it through at least for a few years. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 9, 2018 Share Posted February 9, 2018 7 hours ago, Social Justice League said: IR's at 5% by year end would be a start imo. Carnage has no choice now and so is trying to make out that it's all about targeting inflation, even though he's written a letter every month for years explaining why inflation is above 2%. All very interesting and rather obvious. Well mortgage svrs are not far off. Quote Link to comment Share on other sites More sharing options...
mrtickle Posted February 9, 2018 Share Posted February 9, 2018 On 08/02/2018 at 7:51 PM, A third of everything said: https://www.propertytribes.com/bank-hints-at-accelerating-rate-rises-t-127633010.html Found this rather enjoyable - the irony of the scumlord Paul Barrett saying the banks are greedy for wanting 4% margin, while he hoards shit flats by the sea is hilarious Surprisingly intelligent posts from some: Quote TSR to ANNENIXON57 Yesterday at 16:54 I do fear that a storm is brewing - however, to my mind the introduction of s24 has forced many of us to focus our minds on the strength\risk of our portfolios. Personally, had s24 and the new stamp duty changes not been introduced, I would have continued unabated with the old 75% LTV model, which would have seen me far more exposed than I currently am to interest rate rises. ANNENIXON57 to TSR Yesterday at 17:53 Absolutely, I agree that S24 has achieved the goal of reducing the LTV of the portfolios of many and reducing exposure to interest rate rises is an important thing, especially now. Pity it was retrospective though as the reduction in debt could have been achieved by less draconian measures. I reduced my portfolio by 4 properties this year and the equity of those sold has gone to paying down the mortgages of the others. It is scary however to see the daily posts from wide eyed newbies 'looking to get into property'. I only disagree with one part - who cares if the reduction it debt "could have been achieved by less draconian measures". That lot deserved far more draconian measures than they got, for what they have done. Any level of draconian-ness at all is to be welcomed, and I cheer for it. Quote Link to comment Share on other sites More sharing options...
macca13 Posted February 10, 2018 Share Posted February 10, 2018 We now have the least productive workforce of all time.. immigration is to feed the gig economy and is nothing more than cheap labour for large corporations.. how are all these low paid 0 tax jobs going to benefit us? For example: Automatic car wash required installers and maintenance engineers.. both well paid and well taxed jobs.. (pays tax) Replaced with 7 blokes with sponges, earning very little, might claim working tax credit, housing benefit, child support. Require services and pensions/care in old age(costs us money) Our economy is just a big housing Ponzi scheme propped up by benefits to enrich the elites and large corporations.. £1 trillion has been spent by the conservatives since they came to power and debt is way above 2007 levels.. We import 65% of our food, we can’t sustain ever expanding population.. You can move my logic to coffee shops, we have heard that Starbucks paid no tax, if the workers earn minimum wage, the company pays no tax, then what use is that to the economy? Many companies are comparable, parcel delivery companies for instance.. our economy will collapse unless we get out of this 0 tax/propped up by benefits economy that has been created at the behest of corporate fat cats to exploit cheap labour and works against the U.K. tax payer. House prices will collapse along with the whole tax credit/housing benefit gig economy! Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted February 10, 2018 Share Posted February 10, 2018 6 hours ago, macca13 said: We now have the least productive workforce of all time.. immigration is to feed the gig economy and is nothing more than cheap labour for large corporations.. how are all these low paid 0 tax jobs going to benefit us? For example: Automatic car wash required installers and maintenance engineers.. both well paid and well taxed jobs.. (pays tax) Replaced with 7 blokes with sponges, earning very little, might claim working tax credit, housing benefit, child support. Require services and pensions/care in old age(costs us money) Our economy is just a big housing Ponzi scheme propped up by benefits to enrich the elites and large corporations.. £1 trillion has been spent by the conservatives since they came to power and debt is way above 2007 levels.. We import 65% of our food, we can’t sustain ever expanding population.. You can move my logic to coffee shops, we have heard that Starbucks paid no tax, if the workers earn minimum wage, the company pays no tax, then what use is that to the economy? Many companies are comparable, parcel delivery companies for instance.. our economy will collapse unless we get out of this 0 tax/propped up by benefits economy that has been created at the behest of corporate fat cats to exploit cheap labour and works against the U.K. tax payer. House prices will collapse along with the whole tax credit/housing benefit gig economy! This. Post of the week for me. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 10, 2018 Share Posted February 10, 2018 7 hours ago, macca13 said: We now have the least productive workforce of all time.. immigration is to feed the gig economy and is nothing more than cheap labour for large corporations.. how are all these low paid 0 tax jobs going to benefit us? For example: Automatic car wash required installers and maintenance engineers.. both well paid and well taxed jobs.. (pays tax) Replaced with 7 blokes with sponges, earning very little, might claim working tax credit, housing benefit, child support. Require services and pensions/care in old age(costs us money) Our economy is just a big housing Ponzi scheme propped up by benefits to enrich the elites and large corporations.. £1 trillion has been spent by the conservatives since they came to power and debt is way above 2007 levels.. We import 65% of our food, we can’t sustain ever expanding population.. You can move my logic to coffee shops, we have heard that Starbucks paid no tax, if the workers earn minimum wage, the company pays no tax, then what use is that to the economy? Many companies are comparable, parcel delivery companies for instance.. our economy will collapse unless we get out of this 0 tax/propped up by benefits economy that has been created at the behest of corporate fat cats to exploit cheap labour and works against the U.K. tax payer. House prices will collapse along with the whole tax credit/housing benefit gig economy! Nope. Most of the immigration is to just claim tax credits. Simple fix. No housing benefit to no uk citizens. Min 30k singke, 60k family to gain right to work in uk. No access to venefuts ever. 5k head for schooling. 10k for nhs cover. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 10, 2018 Share Posted February 10, 2018 25 minutes ago, spyguy said: Nope. Most of the immigration is to just claim tax credits. Simple fix. No housing benefit to no uk citizens. Min 30k singke, 60k family to gain right to work in uk. No access to venefuts ever. 5k head for schooling. 10k for nhs cover. bit racist mate Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 10, 2018 Share Posted February 10, 2018 28 minutes ago, spyguy said: Nope. Most of the immigration is to just claim tax credits. Simple fix. No housing benefit to no uk citizens. Min 30k singke, 60k family to gain right to work in uk. No access to venefuts ever. 5k head for schooling. 10k for nhs cover. 2 minutes ago, thewig said: bit racist mate What about all those nurses we need for the NHS? Quote Link to comment Share on other sites More sharing options...
thewig Posted February 10, 2018 Share Posted February 10, 2018 1 minute ago, GreenDevil said: What about all those nurses we need for the NHS? if they're white they're probably racist, just to be on the safe side Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 10, 2018 Share Posted February 10, 2018 15 minutes ago, thewig said: bit racist mate Benefitist? The earning caps work as they dont bother with colour or creed. Just can you make a net cash contribution to the UK? Otherwise fuxoff. Quote Link to comment Share on other sites More sharing options...
Majorpain Posted February 10, 2018 Share Posted February 10, 2018 1 hour ago, thewig said: bit racist mate The R word is thrown around far too much these days, there is nothing illegal (or racist) about the "discrimination" spyguy proposed. Society would collapse if you were unable to discriminate under any circumstances! Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 10, 2018 Share Posted February 10, 2018 1 hour ago, spyguy said: Benefitist? The earning caps work as they dont bother with colour or creed. Just can you make a net cash contribution to the UK? Otherwise fuxoff. I am a person of colour but yes too much benefit tourists coming to the UK, that needs to stop. Agree nothing to do with colour or creed. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 10, 2018 Share Posted February 10, 2018 24 minutes ago, Majorpain said: The R word is thrown around far too much these days, there is nothing illegal (or racist) about the "discrimination" spyguy proposed. Society would collapse if you were unable to discriminate under any circumstances! I think wigg was being wiggy. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted February 11, 2018 Share Posted February 11, 2018 2 hours ago, Majorpain said: The R word is thrown around far too much these days. It is the last throw for the Nu labour Social Apologists. Quote Link to comment Share on other sites More sharing options...
warrior88 Posted February 11, 2018 Share Posted February 11, 2018 UK personal loan rates are still the cheapest they have ever been. Saving here for analyis in a year's time. £1,000 – £1,999: from 7.9% APR. £2,000 – £2,999: from 6.9% APR. £3,000 – £4,999: from 5% APR. £5,000 – £7,499: from 3.3% APR. £7,500 – £15,000: from 2.8% APR. £15,000 – £20,000: from 3% APR. £20,000 – £25,000: from 3% APR. £25,000 and over: from 3.3% APR. Source: https://www.moneysavingexpert.com/loans/cheap-personal-loans Quote Link to comment Share on other sites More sharing options...
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