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Warwickshire Lad

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Posts posted by Warwickshire Lad

  1. All I am asking is this :-

    • Remove the Google Ads postings in the forum
    • Remove the advert bar down the right hand side

    That is it. I don't mind ads top and bottom of threads, and wouldn't mind a larger advert on the strap-bar at the top.

    Please take some action. Esteemed regulars have already started leaving and the rot is setting in. You must do something before it is too late.

    For what it's worth, I will join those who are leaving unless something is done.

    :(

  2. I dont know about new member but im done with this site, im going over to ****** and GEI, im amazed webmaster and fubra have managed to f*ck things up in such a short amount of time.

    I totally sympthaize, Chuz.

    Although certain aspects of the site design have been improved, the deterioration with the volume and placement of the advertising is unacceptable.

    Sorry to say - but I think I'm going to be winding things down on here, too.

    :(

  3. Evan Davis has had an article on the BBC for a number of years now saying that he would like a HPC.

    Now that we have IRs going up globally, he's not afraid to imply that possibility once again on the mainstream news bulletins.

    Some people feel the BBC is too biased to pro-house prices, but this guy is the Economics Editor.

    People who keep on criticising the BBC for being pro-HPI need to take a break.

  4. This is the new market.

    This is the new paradigm.

    It is different this time.

    You are screwed.

    Well, thank you Marina for your words of encouragement to young people everywhere. :rolleyes:

    In the longer term I happen to agree that a higher proportion of property will be private investor hands overall than it was in the past. It will be like this unless the law is changed.

    However, forthcoming IR rises will mean that demand for property will plunge and the foolish BTLers will be purged from the market for many years.

    This will open a window of opportunity for FTBers although it's unclear how many will be savvy enough to realise that.

    At this point, I am optimistic that we will still get our property crash.

    To be honest Marina, your postings are sounding slightly odd these days. You used to talk calm sense, and now it seems like you're as high as a kite. Whatever.

  5. if you find a repayment mortgage is too expensive, you should just carry on renting.

    Like the old days-you should only buy what you can afford..

    Exactly. My guess is that if IO mortgages without a repayment vehicle were banned - then we would see housing market activity plunge.

    But no-one's telling the VIs to stop, so they keep on suckering in the foolish.

    There appears to be nothing built in to the system to stop lending having reached levels of ruthlessness never before seen.

  6. The one thing that amazes me is that after the furore surrounding the failure of many endowments to pay off people's capital - that people are being allowed to take out IO mortgages without any repayment vehicle whatsoever ?!

    If the so-called professionally managed endowment funds failed - what chance has an ordinary Joe when it is left up to themselves ?

    I really do find this absolutely astonishing, that this practice is even allowed !

  7. Less than 2%? Life would continue pretty much as normal.

    And HPC enthusiasts salivate over 0.25% or 0.5%..... :lol::lol:

    The thing that interests me is that a lot of BTL out there is working on miniscule yields and only the prospect of capital appreciation to make the figures add up.

    Even relatively small IR rises are going to send the alarm bells ringing for the investor-led part of the housing market, which as we know, has largely replaced FTBers.

    Should investor sentiment turn sour, we could see the "I'm in it for the long-term" sentiment reverse and cause the market to crash.

    If you're an ordinary homeowner then a few points on IRs might not harm you. If you're a highly geared member of the BTL brigade then that is another story.

    That is why I think that relatively small rises in IR will make a considerable impact on the market. :)

  8. It utterly dictates some peoples' view on their place in life which says quite a lot about them.

    That's a great point. Renting doesn't necessarily mean you have any less quality of life. There is definitely a lot of snobbery about property from homeowners, although there's a lot of indifference as well.

    I think you have to be happy in life and just enjoy it, whether you are buying or renting.

    I know that in 25 years from this day I will own a property that is fully paid for. My savings now will translate into much less Interest to pay later, and a mortgage paid off much sooner.

    Just because I'm choosing my moment makes me a very astute and informed individual - and not part of the sheeple.

  9. Well, a huge hike on current rates might lead us in that direction, but the way people here are excitedly waiting for news of 0.25% here and there --- LOL!

    You are forgetting about the effect that the forthcoming recession will have on rising Unemployment and repossessions and it's effect on the housing market, i.e. forced sellers.

  10. Nothing lasts forever and the boom and bust cycle in housing is not about to go away anytime soon. Its built into the system.

    Fortunately, around my area (and yours RB, since we're close) there has been downward movement in prices and no increase on 2004.

    However, for others in the country at large like Scotland, NI and now parts of London, anyone who had not bought in mid-2004 would be considerably out of pocket now.

    I still believe in the cycle and that this disgraceful mess will eventually right itself, but it's taking longer than anyone expected.

    Things are definitely getting interesting now though - IRs up everywhere (except for the UK :rolleyes: ) and stock markets down.

    If the BoE keep resisting by keeping IRs down forever then I think it's another nail in the coffin for me being in the UK.

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