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House Price Crash Forum

firesale

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About firesale

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    HPC Newbie

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    Devon
  1. Isn't it primarily down to the simple fact that the BoE has manipulated the base rate making cheap credit available. Couple this with relaxed forebearance by the banks to conceal their bad loan books which has had the effect of throttling distressed sales and stalling the housing market from repricing to a sustainable level. London is undergoing a mini boom due to hot money flowing in from Europe, the middle and far east. This IMHO is simply delaying the inevitable, eventually the hot money will flow elsewhere, and the bond investors will force interest rates higher and accelerate the rate of price falls. Painfully slow I know (I've been waiting since 2003), but hang in there, the day of reckoning will soon be upon us! I for one will not give up on commonsense and I will wait for the market to return to the long term trend.
  2. I was made redundant in 2009. Was lucky to walk straight into another job with a10% pay cut (Elec Engineer in construction) . Nearly three years on been promoted, working 5 - 10hrs/ week more and I'm the same money my previous employer paid. We are very busy privately owned consultancy and the "management constantly try to instil fear of imminent lack of work and redundancy. Personally I think they're money grabbing shysters using the economic environment to enslave their staff. I know I make substantial profit for the business as I monitor my project fee and costs. So I am getting pretty peeved that I as well as others arr not being paid a fair salary for the work.
  3. You Lucky Barsteward. I was made redundant in 2009. Was lucky to walk straight into another job with a10% pay cut (Elec Engineer in construction) . Nearly three years on been promoted, working 5 - 10hrs/ week more and I'm the same money my previous employer paid. We are very busy privately owned consultancy and the "management constantly try to instil fear of imminent lack of work and redundancy. Personally I think they're money grabbing shysters using the economic environment to enslave their staff. I know I make substantial profit for the business as I monitor my project fee and costs. So I am getting pretty peeved that I as well as others arr not being paid a fair salary for the work.
  4. I'm no gold bug, but I think I have little choice but buy some if this latest scheme goes ahead. Very bad news indeed. When will this madness end?
  5. I wish all the politicians the world over would simply strip the investment banks of cash and recapitalise the retail part of each bank and default on the bonds / loans underwritten by the taxpayers and let the feckers fail. I own quite a few Barclays shares and as an investor I accept the losses this would incur. From day one, I always accepted there would risks with being a shareholder. I don't see why everyone else should pick up the tab for a business with fraudulent operational practises. We are now paying the price twice for their folly. I really do believe we are now in the early phases of a depression and things are going to get a hell of a lot worse.
  6. If you look at the bog you'll see do not use tape across the cistern and seat. A sure way of spotting arepo property!
  7. High rents are due to excessively high house prices and transference of housing demand to a poorly regulated rental stocks. What will the government do to limit mortgages to sensible income multiples, properly regulate the rental market with proper controls and protection for tenants’ and landlords. HPI and rental levels will self adjust to more sustainable levels. IMO, the economy would benefit as people will have more disposable income, higher pension contributions and savings rates, increased sustainable consumption, growth and higher job creation. Housing is primarily there for living, not as a financial investment product.
  8. IMO the probability of being p*ssed off in this other job is high. I think being unhappy in work is more common than not in recession times. I had a forced change of employer through redundancy in the last two years and was fortunate to walk straight into another job. My new employer has raised my stress levels due significantly higher workload and tainted my enjoyment. But I'd rather be employed in my profession than not. Good luck whatever your decision. Remember work to live, not live to work!
  9. The eternal growth model governments’ chase, is precisely why we're destroying society and the planet. The pursuit of more more more, is not big, nor clever and doesn't equal a better life for our global society. Contraction is good for clearing away the crap and inefficiency in society.
  10. Sorry to say it, but your feeling is a fact...... you are being raped. London area I presume?
  11. I agree. The era of two income families is a form of deflation has masked the increase in the cost of living. We are having to work harder and harder to get by. Once upon a time, uk families needed one decent working class income to live a modest lifestyle. Now we need two middle class incomes. I'm an engineer and the wife is a branch manager, and we struggle to justify the vast amounts of debt the sheeple have taken on board to join the herd. The words 'home', 'chicken' and 'roost' come to mind with this debt explosion and HPI.
  12. I viewed the property when it was orginally listed after dropping from £240k down to £200k if my memory serves me correctly. Having viewed the property, IMO £150k was going to be my offer had it not gone to auction. I checked the auction sale price (£195k)......first thought that came to mind was IDIOTS. I sold in 2003 and continue to rent a nice 3 bed semi for £500/month. Credit Crunch Part Deux is upon us...the real pain is yet to come!
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