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TheCountOfNowhere

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Everything posted by TheCountOfNowhere

  1. Muist be the person who built it, probablt did a google and found not everyone likes some a-hole on the telel saying how great they are. I have a mate who knows the bloke off that show and they say he is a total w((ker. He tries to get stuff for free all the time because of who he is. Married into money apparently.
  2. I have a funny feeling we might see a Japanese style 15 years of declining prices now. we're screwed whatever we do.
  3. Thanks RR. i'd rent to agree. Both those houses though and massively over priced.
  4. We're fast approaching the end of my time on here. Should have listed to TCON1 and moved to France when I could but unless the BoE raise rates Nov/Dec and say they'll be 2% by the end of 2022 then me and my missus are going to go all in on housing and get a great bit mortgage and start ramping house prices.
  5. That's a fair point but generally this is not a place to get a sensible view on house prices.
  6. The market's a bitch Same agents and not much difference in size, one's detached, one's a 2 story terrace. They're making the prices up
  7. 200K house near Milton Keynes not selling for £1.5M , 34% off. Someone's gonna think they've got a bargain..... https://www.rightmove.co.uk/properties/111675113#/?channel=RES_BUY Offers in Excess of £995,000 Monthly mortgage payments Reduced today Price Change History 25/10/2021 Price changed from £1,495,000 to £995,000 14/10/2021 Price changed from £1,500,000 to £1,495,000 09/08/2021 Initial entry found: £1,500,000
  8. No, it's the fear of missing out on those great mortgage deals that drives people on.
  9. I took out a 1 year ISA bond last year something like 1.5%, was up for renewal last week and was being offered 1.85% Was quite surprised. Withdrew the money, **** em
  10. All i remember telling them is the truth on house prices and their part in that
  11. Yeah, let's hope so. Lets see what the boe meeting brings but I fear their ability to look through inflation will continue. God this whole thing is rotten
  12. Uk house market is run on term funding, which suppressed mortgage rates. If they raise rates and keep thar going, no idea what will happen 1% interest rates is not going to stop 5% inflation now. If inflation shoots up to 10%, what then 5% rates? At some point an almighty collaoses of something is going to happen. The idiots on here have predicted this for many years. Can't say it gives any joy being right
  13. Uk rates need to go to 5% 6 months ago. If inflation does rip then the aggressive rises will destroy people. If they refuse to raise rates, then there will be a lot of very angry savers
  14. Uk houses sales have been Round 50% of 2007 leveled for years now. So you are spot on. The market has been dead for years, London bubble has driven the SE and the cv19 bubble but now listings have properly collapsed There is no housing market now
  15. Really, no sign? Found a house yesterday that was 20% below similar stuff from this year. Then property lion is seeing a stalled market. No signs is stretching it a bit
  16. I have a couple of ex-friends who are living off the rent from tenants only made feasible due to IO mortgages, this is truly astoundingly stupid because the mortgages will be called in, they will lose it all. They've had the chance to bail out from the 2007 collapse with a healthy profit, not a massive one you understand but a good profit considering they do **** all for the money and do you know why they've not sold ? The reason is, they are so far removed from the workforce now the only job they'd get is a sh**y menial one paying peanuts. They have dug themselves into a hole and they wont be getting out of it. If/when the market collapses, one way or the other, they will having nothing, the will have no future, no income, no job and no friends.
  17. Steady on, these are rich IO mortgage/property owners we are dealing with here, the savviest of the savvy.
  18. I'm not convinced you are someone else, I'm convinced your the same person who's been on here for years defending the indefensible, the commodification of shelter.
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