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House Price Crash Forum

rettah

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Everything posted by rettah

  1. 1. Stamp duty holiday but they'll have to replace the tax lost with some other tax so little benefit 2. Re-introduce MIRAS Yes. and pay for it by ending tax relief on second properties. (bye, bye BTL) 3. Curb unreasonable demands So interest rates will have to be more to compensate so no benefit. In fact probably worse as monthly payments will be more. 4. Reform the safety net for borrowers Great. May as well remorgage and by an aston martin. 5. Scrap Home Information Packs (HIPs) Yes.
  2. and banks will be lending 10x incomes........what are these people on?
  3. Sounds like they need decking. :angry:
  4. How can anyone think that massive job losses is good news? OK, the economy was based on a massive bubble in the housing market but a lot of the people who will suffer as a consequence will have had nothing to do with it's creation. If anything this is incredibly bad news. A bit of humility wouldn't go amiss on these boards occasionally.
  5. I've got enough savings to last me a lifetime.........providing I don't spend any!
  6. If he's knocking a grand off a week what's your incentive to buy as you know next week it'll be £1000 cheaper.
  7. True FP. Crazy thing was the person paid several hundred pounds for a survey before doing so.....
  8. Luminist & Vedanta, some good posts and links. I think the current mainstream press is obsessed with "end of the world" type reporting and unfortunatley a lot of people believe what they read in the mainstream without looking around the edges. I guess this is why this site exists as it was the mainstream media that got people sucked into the housing market bubble.
  9. Intersting article: http://articles.moneycentral.msn.com/Inves...USSlowdown.aspx
  10. Chinas growth is actually nearer 10% and inflation 7%. Anyone know the percentage that exports contribute to chinas economy? May help in understanding the story over there.
  11. Yeah, growth might drop back from 10-11% to their planned 8% which would take the pressure off inflation. Terrible! LOL. amazing how arrogant people in the west still are with regards to Asia.
  12. LOL, good photo! Not E herts but North Herts this one (Letchworth). Was on sale for £799,000 and didn't sell so they're trying to rent it out for £2300pcm http://www.rightmove.co.uk/viewdetails-218...1&tr_t=rent I'm sure there's some logic to their reasoning but it's escaping me at the moment!
  13. Buy here instead: http://www.bulgarianproperties.com/Bansko_...erty/index.html Make lots of money. LOL.
  14. Rent for £2,950 pcm http://www.rightmove.co.uk/viewdetails-215...1&tr_t=rent Or buy for £945,000 http://www.rightmove.co.uk/viewdetails-184...=3&tr_t=buy If you had £945,000 cash you could get 5% net - £4725 PCM If you needed a mortgage it would cost you at least 6.5% - £4914 pcm (assuming 20% deposit) Why would you buy?
  15. I've been looking at hertford for a while and normally look at the "added in last 3 days" on rightmove. There never seemed to be a lot coming on the market but I've just done a full search and there has been an absolute flood of properties added in the last few weeks. This one caught my eye for amusement value: http://www.rightmove.co.uk/viewdetails-172...40&tr_t=buy Go ahead punk, make my day!!
  16. As indeed zinc, lead and nickle are. AIMR today suspended it's zinc mine saying it was now uneconomic.
  17. If you look at the long term graphs for zinc, lead and nickle they are remarkably similar. The spike was caused by demand outstripping supply as new mines took time to come on stream and speculators piled in. Zinc has now dropped to a level where some mines are closing as they are no longer economic. There was forecast to be a surplus of zinc this year and next before going into deficit again. Once this occurs the price will again rise. Yes there is speculation but the price is also demand driven.
  18. Yeah, disaster for China. Growth of 10.1% against a target of 8%. They actually want their growth to slow to take the pressure off of prices and currency. Retail sales rose 23 percent in June from a year earlier, the fastest pace since at least 1999. "They can keep the economy growing at 10 percent even if there is a sharp slowdown elsewhere in the world,'' said Julian Jessop, an economist with Capital Economics Ltd. in London, citing the government's ability to boost spending.
  19. No doubt there'll be some spurious rumour of bombing Iran or trouble in the middle east to push it back up again.
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