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House Price Crash Forum

unklmic

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About unklmic

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  1. I have been regularly visiting this site, and in particular the news blog postings. Has anyone else noticed how the tone has deteriated so much over the past couple of years. It used to seem to be quite objective, if not slightly favouring the bear point of view. Now it is full of rubbish conclusions and one sided tripe that I no longer recommend people to look at it. The sensible arguments that prices will come down are being lost in the gleeful doomsdayers nonsense. It is now embarrassing to admit that I visit this site as it seems to be frequented by radical loons wishing for economic m
  2. Which is why they can afford less, so can offer less, so it does have in impact of the actual selling price. Scrap the stamp duty - FTB can afford more, and will offer more, so house prices go up?
  3. If stamp duty increased significantly, affordability would decrease, so it would eventually result in lower prices. It would also increase the costs of buying and selling, making it less profitable to speculators. Scrapping stamp duty would result in a significant amount of property priced at 250k (the lower level is irrelevant since houses cost much more) jump much more than the additional stamp duty saved due to the elimination of this 'wall' (in my opinion anyway).
  4. RICS think stamp duty hinders FTBs. I couldn't disagree more. If stamp duty were scrapped, the price of houses would increase by the amount of stamp duty that is no longer paid. If I buy a house for £200k, it makes little difference to me if this was stamp duty free, or if the 200k includes the stamp duty. I still have to stump up £200k. In fact I would rather some of my £200k go to the government that the person who paid £100k for the house 3 years ago. Also, having house prices stick at the threshold points is GOOD for the buyer. How could is possibly be bad ?
  5. Thanks. I already have £4k in a gold ISA - looking to transfer £8k. I am not too happy about putting it all into gold - so should perhaps look into other sectors - countries. Germany? They have had a lean spell - could possibly be turning around?
  6. I have done very nicely with my FTSE 100 tracker, and I am breaking even on a FTSE Techmark Tracker (Which was seriously down at one point - so it has been performing well of late) I am a bit pessimistic over these investments into the future so I think it is time to sell. It would be a pity to lose the tax free status of the investment. Is there anyway that I can still keep it tax free?
  7. Met up with a friend this Saturday. He has been living with his now wife for over a year - they both own a property in Putney. His has been on the market since they moved in together - well over a year ago. It is an enormous two bedroom Mansion flat - the living room alone the size of an entire newbuild. A bit far from any public transport - but lovely green area. Quite a desirable flat in my opinion - bar the lack of close public transport and the stairs - 4 flights up - lovely view though. It has been empty ever since he moved out - no buyers so has decided to let it out. Apparently g
  8. ES. So you are now a "long term bull", are you? Then why not join us in the realisation that at the moment house prices are way too high and are due for a correction. This does not necessarily fly in the face of your "long term bullishness" now does it? Why do you argue with people who intend to buy in a year or two when prices are more realistic with """""long term""""" arguments?
  9. I love the ending This could be big - for you!
  10. With all my savings outside of an ISA sitting in an ING savings account (interest rate just dropped), I am getting worried about a falling pound. Does anyone know how to get a foreign currency account (probably in Euro's)? Do they pay a reasonable amount of interest? Added: Is there a better way to hedge against a falling pound rather that exchanging physical cash?
  11. Thanks for the info echapps. If I read the graph correctly, there was a big dip in the FTSE during the last HPC? Are things different this time?
  12. Any thoughts? As people begin to accept that houses are coming down, I'd imagine that those reasonably intelligent people with investment property will sell (for what ever they can get) - and might shart buying equities with the proceeds? This could cause equities to rise. Obviously, falling prices mean less profit for retailers. People will default on loans - should cause drops in financial institutions - but by how much!? If there is a HPC, does that mean there will be a stock maket crash, a high probability of significant falls, a rise, or is there no correlation between the two? Anyon
  13. I like the underlineD text: TAKE ADVANTAGE OF NEGATIVE EQUITY
  14. HEY NEWBIE!!! Check our member numbers - looks like I joined one after you - same day - What are the chances!?
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