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House Price Crash Forum


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Everything posted by championmongo1

  1. http://news.bbc.co.uk/1/hi/business/7094208.stm This might make things interesting!?!
  2. Why oh why did i have to come back for another look? Are there any bulls left?
  3. I think I will hedge my bets and stay as neither for now-thanks to everyone for explaining that one to me. I'm sure it's asked all the time but I couldn't find out what it was and again many thanks. I'm guessing most people on this site will be bears then???
  4. Yeah but no-one knows what will happen-we are all just guessing. Some people use all the facts and figures they can find, some use their head and some use their heart. Some want to see prices fall to enable them to buy, others want to see stagnation so they don't go into negative equity and others don't seem tp want anything other than being able to keep up with the Jones'. I think it's time wages started increase by huge percentages! This certainly appeals more than seeing prices falling! BUT WHAT I REALLY WANT TO KNOW IS WHAT IS THE BULL/BEAR THING ALL ABOUT? Which category would I fall under?
  5. Timescale? OK-I think prices will reach record highs by 2020! Economic cycles are just that-cycles-that go round and round and round. Can someone tell me what the bull or bear is about-it feels weird being a neither!
  6. I was dramatising-thats what happens after a bottle of wine and lots of frustration! It was supposed to 10s but I suppose I should have just said double figures!
  7. I was taking flak earlier on this thread (page 198 I believe). But that's by the by-I mustn't let my frustration get the better of me. Anyway I think houses will be worth more in the future than they are now-how long will that take I don't know...
  8. I understand the frustration, when I was buying, I thought great, my better half is near graduation and I am a graduate, just like some of my brothers, I will be able to own a nice detached house like them...but alas it wasn't to be. I don't know what is going to happen but I do hope Northern Ireland qualify for Euro 2008! i.e. there's more to life than the housing market as stressed as I may be.
  9. I've posted my replies in bold as I'm not quite sure how this all works-I think this will be my third post so apologies to everyone if it's not clear. Also what is the bear/bull thing all about??? And thanks for the pleasant comments-most people seem to be berrating me, maybe they want me to give it away for free??? Anyway the house not selling was realy getting me down but life's too short and because I like to see my fiancee I'm earming lots of airmiles with BMI and every time I'm over there it is like a wee holiday!
  10. Hi talksalot81 It is currently putting a great burden on my finances at present but I forgot that when if I move and rent it out that I will not be paying for two properties in their enterity thus taking some of the pressure off. Also I've been looking at the job market in England and for jobs that require similar experience/qualifications to my current job offer superior wages. Thus even if the house sits empty for a while we should be alright as we will be earning higher wages even with the possible interest rate rise in January. I will look into different mortgages at the beginning of Novemeber if the house hasn't sold and evaluate all the possibilities then. I'm new to this game though as this was my first home and I'd rather not be forced into being a landlord but hey sh1t happens! At least I've got my health, my beautiful fiancee and my wonderful cat! Life is good if a little more complicated than I would like it to be at 24...
  11. I'm the OP and that is as low as it will go-I will keep it 10-40 years if necessary and wait for the next boom as there will always be periods of boom and bust! Not ideal but hey what can you do? Valued at £170k at the very end of June AFTER 1 minor price correction had alreay taken place in my local market! Put it on at £165k as I thought i was a realist, then after a two viewers with one bid and they didn't have a full time job, I dropped the price to £160k, seen no movement and within a week I dropped it to £150k! The EA wasn't too happy and thought this was too low even in the current climate but I want a sale and fingers crossed this looks more appealing! It's not an ex-council house and is on a private lane which has neighbouring streets with houses worth between £400k-£500k so at least it's a decent area! I've got a few friends who have managed to shift houses over asking price in the last few weeks and I'm currently going through a phase of second viewings less than 5 days after the last price drop. If this gets it sold happy days! If not it will be a long term investment untill the next boom period and I will let it out in the meantime (as the rental market is currently very strong and getting stronger-my brother has 100s of BTL's (where is rental income is at least 1.5 times his repayment mortgages!) and I've seen rents in my area jump dramatically), I will then move to be with my better half in England, just outside London and enjoy our new apartment over there an whatever will be will be! This may not be the most popular of posts but it will be interesting to see your reactions!
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