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House Price Crash Forum


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About zippys

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  1. did anyone watch last week housing program? apperently Barrett development have been offering 20% deposits and including this as the full sale price to the land registry, this is fraud and should be investigated as this could mean the land registry figures are over pricing property.
  2. Craig77 vote with your feet, move the savings to NSandI direct ISA and current account to LloydsTSB 6.4% would be my advice
  3. Britannic have a 7.5% offer if you want just a simple investment
  4. Physical so you can show friends when they pop round for coffee!!
  5. we have £60k and have won small amounts, maybe if you all jumped out of PB we would stand a better chance of winning In the new year we plan to move this money to high interest savers off shore account or gold, however still looking into it at the moment.
  6. with oil breaking records, inflation rising, global slowdown and finanical mess anyone still think we have a solid environment, only a fool would by a house today and buy-to-let market is dead (with more people selling their BTL). The estate agents will be able to blame rates and finanical meltdown rather than look in the mirror and realise that they have kill he market with their inflated evaluations. Also with global professional people suggesting a UK 25%-40% drop it always makes me laugh when estate agents or mortgage leaders make a statement. It will be interesting when a price index is proven to be fake, and if the market was so good why would they be pumping it!! remember what goes up MUST come down.
  7. "On a longer term perspective, investment bank Investec undertook some research in August 2007 and found that over half of all London agents thought that, within two years, £4,000 per sq ft would be common place for the best stock. The Fund is currently buying the best stock for between £1100-£1600 per sq ft." ah I have been going wrong all this time, I should take finanical advise from EAs!!!! "suggesting £ per sq ft would trebble in the next two years" - anyone know how to fix a keyboard covered with coffee!!! I wonder what the Michael Hodgson (mhodgson@dng.co.uk), (D&G Chief Executive) would say to this email making his organisation and people look like muppets ? P45 anyone?
  8. would that not be breaking some law? I would image our gov. to be auditing these figures? looking at www.nethouseprices.com I can see that 10% gains of the last four years have not happened here (Amersham, Bucks), I would like to understand the ramifications of Nationwide & Halifax printing incorrect figures. remember 9-10 stats are made up.
  9. We have just bailed out of buying the property, it was on the books at Robson EA (Amersham, bucks) for £450k, then reduced to £437k...we offered £415k as it had been around since May, however last month we got nervious and bailed to rent for 12 months to see if the crash has started. I now notice this property is for £425k on SAVILLS website (below), and apperently is now under offer. I guess there are still people willing to buy 2 & half room end of terrence houses!! http://www.savills.co.uk/residentialSearch...aspx?pID=189880 it is a real no brainer that the bubble has popped, hence GB calling early elections.
  10. NR is finished, I can not see any organisation wanting to be associated with this turkey. I feel for the workers (not management) who will need to find new jobs come next week once the lights go out.
  11. surely the .5% drop in the FED rate will be short-term, or can it be held down for 25yrs?! this cut will backfire on the US and they will have no option but to raise rates to manage rocketing inflation, how can a gov get it so wrong.
  12. the fall is already happening and there is nothing the BoE can do, if they cut then they are agreeing the bubble has popped (like in the USA) and this will only make the fall harder hence turning 5% drop into 30% crash. If you had a BTL would you not be thinking about cashing in on your profits?
  13. i don't think GB will want to upset the property investors by raising taxes, I would like to hear on the amount COLLECTED from private landlords.
  14. WRONG, its the heard aspect, we've seen it with NR and now we will see it with house prices. Just answer me this question would you buy a house now after seeing all this media hype?
  15. this article was posted today by fool.co.uk, just shows how wrong the 'experts' can get it, buy an ISA from B&B!!! Market Comment [ September 14, 2007 ] By Neil Faulkner You may have seen cagey, uncertain, or even panicked comments in the money pages over the past few months, and you're wondering whether your money would be safe in the stock market, or whether you should have all your money in safe savings accounts. Put another way, should you save in a cash ISA or invest in a shares ISA? Firstly, we'll look at the basics: what is an ISA, and what's the difference between cash and shares ISAs? Secondly, which type of ISA is most suitable right now. All ISAs (individual savings accounts) shelter your savings or investments from tax: Cash ISAs Each year, from 6 April to 5 April the following year, you can put £3,000 into a cash ISA. (This amount is due to go up to £3,600 from 6 April 2008.) You're paid interest on this, just like normal savings accounts, only no tax is deducted. At present, the best catch free, normal savings accounts pay around 6.2%, which is just under 5% per year after tax for basic-rate taxpayers, and around 3.7% for higher-rate payers. However, you can get decent cash ISAs paying around 6%, which means that, on £3,000 of savings, you could earn £180 per year. To put it another way, basic-rate taxpayers could earn £30 more than they would in a normal savings account, and higher-rate payers could earn £60 more. Shares ISAs With shares ISAs you can invest up to £7,000 in the stock market each year (which is going up to £7,200 from next April), and whatever gains you make when you sell are tax free. Within shares ISAs you can buy individual shares or invest in funds. Normally, when you sell shares for a profit of more than £9,200, you pay 40% tax on the excess. So if you bought shares five years ago and sell them for a profit today of £10,200, you get back £9,200, plus £1,000 minus 40%, which is £600. Higher-rate taxpayers also pay income tax on dividend payments. (Dividends are bonuses that many companies pay to shareholders each year.) However, these taxes are legitimately avoided when you buy your shares through an ISA. Should I get a cash or shares ISA? So which is better right now, cash or shares ISAs? The choppy stock markets are making people nervous, and the higher interest rates that we're seeing these days make savings more attractive. So naturally you'd expect me to advise that you should put more money into cash. But no! The Foolish philosophy is nice and simple. It all depends on one simple question: How long can you save or invest for? As a general rule, if you think you might need the money within five years, it's best to keep it in cash. That's because over the short-term we have no idea where share prices might go. So that's all nice and straight forward. If you won't need it for five years or even longer, then shares are a good option. In fact, the longer you can leave it stashed away, the more attractive investing in shares is. You have greater safety from volatile share prices and you're more likely to make good returns that far outstrip cash, although, of course, there are some risks. For more information on the risks and rewards of cash versus shares over different periods of time, see How, When And Where To Invest. If you decide you want to invest in shares ISAs, you can still hedge against fluctuating shares prices by investing in tranches: instead of throwing all your money into the ISA at once, what you do is you divide it equally over, say, 6 to 12 months. The best ISAs at present For a long time my favourite cash ISA has been the National Savings and Investments Direct ISA, but no longer, because it hasn't extended its excellent interest-rate guarantee, which is now only six months (down from more than 18 months). I now consider Bradford & Bingley (LSE: BB.L - news) 's easy access eISA 2 to be the best cash ISA. It pays 6.05%, it's catch-free and it's guaranteed to at least match the Base Rate till the end of June 2009. You can also transfer existing cash ISAs into it, if you want to consolidate all your tax-free savings. The only rub is that you must keep at least £1,000 in the account or your interest rate drops to virtually nothing. If that's inconvenient, the Egg Cash ISA is the next best that I can see, with an interest rate of 6.05%, a £1 minimum deposit, no catches, and a guarantee to at least match the Base Rate till the start of April 2009. The downside is that you can't transfer existing ISA funds into it. As for shares ISA, we always recommend that you invest in the cheapest index tracker that you can find. We wrote about The Top Ten Trackers in a recent article.
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