DICKDASTARDLY
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Posts posted by DICKDASTARDLY
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Have you ever been in Neg/eq?
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No, but if I was I dont think my life would fall apart into smithereens
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Seriously thinking of throwing the towel in now and buying.
Maybe I will make a mistake but I have been hanging on for the last few years watching prices, drop a little, stagnate and then rise...but the gneral trend is up.
Fed up of putting my/our lives on hold waiting for a crash which is always 'just around the corner'
No I am not a troll BTW....just p1ssed off the watching house climb further out of my reach every month.
Im starting to agree with you, there are far worse things than being in neg eq, Once youve bought a house you will be up against it in several ways, so why not just buy and ride that bucking broncho ????
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I just think some people are being too simplistic thinking about potential HPC. In 2004, after saving for 3 years, I found a house I liked but thaught Id be be better of saving till prices came down, jump in and get a bargain : WRONG : although Ive saved up another 10k since then, Im in a far worse position now. I now recognise I was in denial looking at how much prices had jumped in that three years. I think people need to look at the other involving factors involved in a correction : and ask how that would affect them. Higher int rates would only make your monthly payments more as well as everyone elses.Even if prices started falling tommorow, by how much and over how many years ? To be honest after two more years of waiting Its all doing my head in. Whats worse : Being in neg eq for a few years or living in what amounts to temporary accomodation, and logging on here every other day waiting for things to change, scrimping and saving for a bigger deposit. It takes alot to bring on a HPC, This time two years ago it looked like it was set to happen, now it looks so unlikely. I just originally looked at the overall debt, and nothing more. They do say ignorance is bliss, I wish Id never found this site, I think its best to buy as soon as you can afford, and ride that bucking broncho till the mortgage is paid off, for better or for worse.
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Just wondering what peoples thaughts are reagrding deposits and how inflation may affect them. Altough Im happy to save and see what happens pricewise, It worrys me about inflation eating away at that deposit, Are we just pissing into the wind in that respect ?
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I am in the north west also, I know they were undervalued in the mid 90s, I think halfwya between then and know is reasonable
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"There may even be a full-blooded crash ahead. But for most people, this just won't
matter" Go and tell that someone who lost thousands in the nineties crash and spent the next ten years getting there finances straight.
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"If prices dropped by a significant margin, say 20%, it just wouldn't matter to me" Maybe it wouldnt matter to you flower, or to all those who bought at a reasonable level, If you but the peak and see prices fall, your deposit wiped out, knowing you are paying OTT mortgage payments each month, I think it would matter.
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If you think all thats beyond belief check out propertys on rightmove in longsight - M12
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Why would "demand would be so strong from new buyers" or anyone else in a fallling market ?
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I am admitting defeat : The infamous crash has not happened and is not likey too, Even if prices started to fall Today, how much would they drop ? Back too 2004 levels ? They will still be overpriced, and I will still be priced out. Its over, Im beat
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Have been reading several threads on here claiming that the influx of Immigrants would have had an effect on pushing house prices up. Would this really be the case, unless they are coming in armed with huge deposits and all have well paid jobs (not minimum wage) I would have thaught they would be looking at cheapest possible rented options for housing so they can send as much money home as possible ???
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Well, after two years of wait and see, I am now at the point of being past caring, having run through every emotion in the book : Regret / Confusion / Frustration / Anger at myself / Anger at everyone else / Depression. Now I dont really give a damn anymore. Lets open another beer, and turn the music up 5,000 ocatves.
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I find the phrase irritating and condescending in the extreme.
I am a single guy and always will be, Is all I want is a house and pay it off as soon as possible, and once I buy that it will be it...... -
But check out price rises in other areas of Lancashire. Bull heaven
MMmmm... Burnley, Chorley, Preston, Lovely. Arent the worse areas supposed to go up last and come down hardest ?
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I have certainly learnt alot about human nature while all this has been going on ....
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My sister had an I/O mortgage on her 1st house which was in Longsight, a rough area of Manchester. She bought for 26.5k in 1992, 4 years later was worth half that. She knows that becuase around that time a lad across the road sold his which was in better state inside and made a huge loss. True to form the worse areas start going up last. She has just sold for £75k, but accoring to her and my mum, thats because she bough at the right time and houses have been going up steadily over that period. She has only paid £6k off first house, and has now bought a 3 bed terrace with "lawned area to rear" for £125k, in a "better" area -Heaton Norris. No questions asked about why she can only move sideways though! I am on the verge of falling out with them, but i am looking forward to having the last laugh...........
Terraced slums in longsight are now going for 100-125 k, and in Leafy Prestwich village a nice period terrace is about the same, so tell me everything is not tits up.
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My dad also quoted recently that average house prices 'will be £1M by 2030' (old Express headline)
Didnt he stand back and realise how ridiculous that statement sounds ?
Also in the Phil & Kirsty programme, when they were saying some areas had "crashed and burned" Didnt that ring any bells with anyone ?
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Hasnt the ball already started rolling ? If some places last year fell 8-10% hasn't the crash already started? Im just wondering why there has been loads of posts about how the crash has been so long in coming although most places have been as flat as a pancake for 2 years, with some places falling, Looking at the newspaper archives from last time it was only when prices had reached rock bottom that the cat was out of the bag. So what now ? Hard and fast in my opinion
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What do the different coloured briefcases at the side of each posting mean ?
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Inflation and interest rates :Is there a link between the two ?
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Funds ? Can anyone elaborate ?
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Currently have 27k saved in house "Deposit" fund Its in ISA/ and so called high int savings accounts. I am adding £500 per month. To try and beat inflation, Does anybody have any better ideas to put some ??? Please advise, domt have time to wade through all the previous posts. Ta
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Your currency is worth a lot less, it's power to get something done is dimminishing fast.
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How the hell do you work that one out ?????????
Too Simple
in House prices and the economy
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Hey, hang on, saying I wish I hadnt found this site isnt exactly blamimg anyone, is it ? Although having a ten inch nob is such a curse.....