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House Price Crash Forum


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About lewissheridan

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  1. green shoots of recovery in 2009, stabalise in 2010. No better place for your money then bricks and mortar. Based on what exactly ? - i want to put that crystal ball of his in a sock and wrap it around his head! The only factual comments were, this is a buyers market. First time buyers save up your deposit, 7 x salary lending and 100% mortgages are long gone, however there are new mortgage products coming onto the market everyday - so what does that mean ? Ergh. Back to fundaments I think, traditional 3.5 x salary, 10-15% deposit etc. But I can't help think nothing will be learned from this economic fallout. Lewis
  2. Zero savings, renting @ £700pm, just took 20% pay cut.. urm when am I going to be in a position to buy a house ? probably never. Just when prices are falling, the 20% paycut is a rug from underneath me - alas to say i cannot contribute to savings to to rising costs and such. Work in IT, so general shit volatility cest la vie
  3. Great letter, short and to the point - be interested to know what their response was. Lewis
  4. I get the distinct impression the Tories are backing away thinking they don't want to deal with the economic crisis. Or, they're letting Labour hang themselves. Either way, Lib Dem probably speak the most sense at the moment imo.
  5. My Wife was 8 months pregnant, got made redundant, landlord sold flat I was renting from underneath me, to find out it didn't actually sell they wanted us out! since the inspection highlighted we had clothes stewn across the floor. We were arranging our wedding and stuff. Point is, no matter how bad it seems, you survive and find a way. Fortunately I got a better job, better pay, and look back and thank God that those events happened In fact always worrying about financial security, job security etc, when i had the worry of a new born baby, somehow i changed and didn't care for those previous worries. The most important thing to me is my little boy and my family - all the rest is economic circumstance So the fact that all those events happened at once, you realise you can never be in 100% control of your life, and you just adapt and survive. Keep positive and you'll be fine
  6. Why reward those that have over extended themselves with debt by helping them subsidised their over-priced and over-inflated home ? Why bail-out banks that have over extended themselves on risky lending, they gambled with our lives, with the greed taking the money, and yet they get government protection with tax payers money ? I am the working person of which my taxes subsidise those that have lied to borrow money, banks that have been lapse in their lending criteria. Well it goes to show this party is nearly over - all these promises and things will come to pass and they will realise, it's all hot air, this market will collapse to gargantium proportions, and i will be indifferent when I purchase the home i and my family deserve. What a horrible state of affairs
  7. I heard of this new practice of buy to live, it's similar to buy to have a home, but the thing I don't understand about it is that it has nothing to do with capital appreciation, making profit, or putting upward pressure on hpi and pricing out a generation of first-time-buyers. I know it sounds strange, and weird. But I think Buy-to-live sounds like a good idea if you give a shit about anyone except yourself Parasite
  8. Going from those articles and the Metro - I think it's a full gone conclusion, everything that we have been waiting for is appearing to be unravelling. I am happy in a non-vindictive way, if this means there is opportunity for me to be able to at least contemplate the prospect of buying a home for me and my family. Surely there can't be anything left to inflate this bubble ? I hope, when all is said and done measures are put in place to stop the property market going this way again - the social impact surely is against what a capitalist society and democratic government stand for. Greed and fear have been driving this for far too long. What am I saying, it'll all happen again!!
  9. I was walking past Haart on our local highstreet and often have a look at properties just to see what ridiculous prices they are selling for - and I've noticed of late, that the property cards showing the photos and price now all have a headline caption like "Family Values" - that would be for a £320k 3 bed semi, and then there'd be 'High-Flyer' for a 2 bed new build flat in Stanwell for £210k, or and this one made me laugh "Beginners Luck" - for a £180k 1 bed flat. How ridculous has this all become ? - beginners luck has to top it for me. They do the same on the rented accommodation as well - personally it insults my intelligence and comes over very patronising - but there you have it! It must be a clever marketing and psychological ploy, since i would obviously identify with beginners luck with the feeling i was 'lucky' and therefore getting a bargain. Or it may appeal to my ego and I might think i am the high-flyer and go for that one. Does this actually work ? How naive are buyers ? Thank god they didn't put 'Crash Pad' anywhere on them! That would of really made me flip. I can see it happening soon though. Has anyone else noticed this (new) phenomenon ? Lewis
  10. Don't you just love the 'But while the number of people losing their homes rose, the number of mortgages in arrears is down on the same period last year' So that's okay then ! The recency effect will have the mindless reading that and psychologically going away with there's some positive news there. Would the arrears stat decreasing be because they're being repossed per chance ?
  11. And the graph begins from it's highest point ever.. LOL that's given us a clear insight into the history of interest rates! not. vested interests are going to look evermore pathetic, and i'm sure this site is going to have it's heyday as this dry-spell kicks in. No doubt they'll be some spin on how flooding has undermined house prices blah blah blah.. and it's climate change we have to blame for falling house prices!!! imo
  12. Crazy isn't it, i got turned down for a mobile phone the other day, despite paying £30 a month to 02, - it seems my change of address wasn't popular on my credit scoring ? hmm... oh and i don't use a credit card, so indeed, not worthy of credit... edit (i feel compelled to add, i own a credit card, but choose not to use it) what crazyness world is this, oh but the bank will give me a £150k noose to put round my neck!!! and this phone was only £15 a month!! they asked me to pay a deposit!! i'm not some chavved up 17 y/o i'm a 27 year old profession - a f*king deposit for a phone!!! i told them to **** off ;0) sorry for the swearing but it just seems to flow so naturally on this forum with the vent up frustration with house prices, credit and the economy, it's f*king hilarious (there i go again). good job i only post irratically and on monthly intervals now! what a joke...!! bet if i lived in a housing association flat for 10 years on benefits i'd get one 'steady income, there you go sir'!!! i mean what gives!! prudent, good income.. nah you can't have a poxy phone!!! incredible - my wife gets one - no job, house wife i hasten to add.. oh the distinguishing factor she regularly uses her credit card!!! she probably has a better credit rating than me!!! ironic or what.
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