Warwickshire Lad
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Posts posted by Warwickshire Lad
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I waited eagerly for the new Honda Civic and was sorely disappointed.
I think that it puts too much form over function, e.g. there is no rear wiper.
After having considered a number of models I bought a Ford Focus and haven't regretted it.
As for the original post, I think it's highly unfair to point to consumer reviews of the Civic and say that it's something to do with Swindon.
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Good points by Jeff there. I bet he's a HPC lurker.
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Buy Low - Sell High. It's the oldest investment advice in the book isn't it...
People are going to be through a lot more mortgage pain over the next several years as global IRs rise.
Good job I haven't got a mortgage then isn't it.
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Looks like the start of another bad day for the Dollar down 0.5% against most currencies, I can't wait until its Sterlings turn to get flushed down the toilet, come on MPC hold those rates I dare you
I think that there'll be definite hints towards a rate rise in the next BoE minutes - the hawkish language in itself rather than the actual rate rise is often enough to buoy the pound.
No mistaking the global trend is there - Oz rates up today and we will follow.
I think that the global banks are co-ordinating the whole thing. Perhaps they've had enough of the credit bubble and quite frankly so am I.
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Although I didn't enter into the purchase blindly it was just the realisation that I was paying out all this money for a tiny, poorly built flat that made me think I must get out of here! To be honest I have never looked back. Renting is underated!
Welcome, Posh Plumber.
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I'm wondering if we need to see the US at 6% at least to stop the dollar sliding...
Or will they have to go even higher? -
The interesting thing about NZ is that rates there never really dropped that much like they did in other countries post 2001, although they still experienced a lot of HPI.
Just a sign of way too much cheap money I suppose.
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I think that the market are saying that they want U.S. Interest Rates considerably higher than where they are right now... where they will stop is anyone's guess. But it seems clear that the gargantuan trade deficit is losing investor confidence.
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Just as well that the next move in Interest Rates will be up.
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Surely it's only a matter of time before the whole of UK PLC is up for sale to the highest bidder.
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I've just sent a complaint to the FSA, for all the good it'll do.
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These are both far more than a 3.5x multiple - is this not a bit daft?
The calculator suggested I could borrow between 4.4 and 5 times my income.
Halifax need to be pulled up on this.
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How about a website called http://www.negative-equity-now.com
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read as "please don't put up the rates !"
Yes - the VIs have been playing a very clever game this past 6 months.. on the one hand their monthly house price reports have celebrated an increase in prices as they see it - but at the same time then playing it down, so the BoE doesn't give it too much attention.
The VIs are utterly pathetic.
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http://www.bbc.co.uk/dna/actionnetwork/A1185879
The above guide might be useful to some of you who lurk or post on this board, apologies if it has been posted already.
It is part of the general Housing section : http://www.bbc.co.uk/dna/actionnetwork/C2462
In the coming months I am looking to move away and rent, so I am gradually going to be gearing myself up for it.
Hope it helps a few people out.
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It's my belief that the downswing will be a lot worse this time, purely because the upswing was so much worse than last time.
Buying now is going to keep the homeowner in a financial paralysis for a very long time. But at least they'll be "on the ladder".
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Keep it up, terrified
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'Increasingly irrational optimism' would be more fair.
Nah! It's greed.
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They will DROP interest rates.
Do that and the Dollar collapses.
Remember that the US is relying on a lot of investor sentiment from the Far East and they have so far effectively been bankrolling the house price bubble.
Once those investors start leaving the US, their IRs will have to go higher - perhaps significantly higher to bring them back.
Look at the bigger picture Spring In The Air. The house price bubble is a symptom of serious imbalances in the world economy that must and will correct.
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brill - good lettter and well done!
Must admit I really did go "all out" on the writing of that, and I honestly expected the Editor to tone down the language or take some of the impact out - but he didn't.
I'll give them their due and I've sent editor a well deserved thank you. You see - not all newspapers are out to doggedly tow the VI property line. Perhaps he had some sympathy with the letter.
I hope that other young people in my area will see it and feel that they can identify with it.
This is the type of thing we all have to do to spread the word, and do things bit by bit to change sentiment.
I know that one letter in one newspaper and one website isn't going to cause a house price crash on it's own, but I think that FTBs everywhere should speak up a bit more, and not take the endless crap from the VIs.
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even I can see that what has happened over the last 5 years is actually not very healthy.
... and give me early-2002 prices in my area now - and I would be buying a house and getting a mortgage in a heartbeat, just like the bulls are saying that FTBs should be doing.
Except that I'm sticking to my guns and not heeding that advice, no matter how well intentioned it might be. The worm isn't for turning yet.
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Quite well written but I would have edited (out?) the last paragraph.
...also, I'm slightly surprised at the lack of references to 'it's cheaper to rent' 'it's better to wait' etc...
I suppose it does come across as slightly bitter and twisted
and it's tempting to write lots of different things but it did the job.This is a call out to all other FTBs to get writing to your local newspapers and make your frustrations heard !
Don't suffer in silence.
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As you some of you may know I decided to write a letter to my local rag in support of a man called D. Thompson who urged people to "resist EA hype".
I then wrote a letter to support him, but it didn't get printed - 2 weeks later two letters appeared in a prominent position which argued that house prices will carry on their "meteoric rise".
Enraged by this, I wrote to the Editor again and - to his credit - has printed it pretty much lock stock and barrel.
Local EAs won't be happy, but I don't care !
They get away with their crap in multi-page supplements every week, so it's a small achievement but of one I feel justifiably happy !
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I stick with the view FICTION - FACT = EQUITY.... that seems to sum it up nicely.
I would be more inclined to say OPINION - FACT = EQUITY. But each to their own...
Beating Down The Dollar
in House prices and the economy
Posted
I am wondering what might happen to my employment prospects in a deep recession that a "hard and fast" fall would reflect, although should I lose my job I know that I have free shelter and lots of savings to fall back on.
It would be good if property did undershoot on the way down like it did before, and then it would be the time to buy. Still a fair old way to go though...