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YoungFTB

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Everything posted by YoungFTB

  1. It amazes me that it has taken EAs this long to figure out this simple fact. IMO most of them are complete and utter morons
  2. Ferfal has his own blog now, that's excellent. I really enjoyed reading his thread about Argentina, it was a real eye opener Here is his orginal thread if anyone wants to read it http://www.frugalsquirrels.com/cgi-bin/ubb...=1;t=044387;p=1
  3. No it's registered by puredarren.com so he owns the domain http://whois.domaintools.com/keyholeestateagents.com
  4. Looks like the EA got someone (puredarren.com) to register their domain name for them, that is an incredibly stupid move if you value your online presence. It only costs £5 - £10 to register your own domain and most importantly it's in your control. That website puredarren.com is freakin shockin, how do designers like that get any work!
  5. Estat_eagent_ni many thanks for taking the time to give us an update, it's really appreciated! A lot of valuable information than many people on this forum will find invaluable
  6. We could be heading towards a Depression, one of the things that worries me the most is the troubles starting up again. I really don't see how this will be avoided http://news.bbc.co.uk/1/hi/northern_ireland/7787356.stm
  7. http://news.bbc.co.uk/1/hi/northern_ireland/7786488.stm
  8. http://www.independent.ie/national-news/ou...er-1574439.html Scary stuff!
  9. Much appreciated VT I wouldn't be happy investing in something without having a full understanding of it so I'll read all those links over the next few days and do some further research. Cheers!
  10. Good point, I hadn't thought of that. I guess if I could borrow from relatives I'd be looking to pay back the amount as quickly as possible (a few years max) then perhaps give them a lump fee when it's paid back as a thank you. I suppose this idea would only make sense if this low interest rate policy lasts for a few years, how long do you think we'll have low interest rates for? That sounds really interesting, could you recommend any links to learn more about this?
  11. I'm really glad it was pinned, cheers Doccyboy!
  12. I have an idea but I don't know if it's realistically possible so just putting it out there for discussion. What about asking a few relatives who have savings if they would be interested in giving you the money to fund a cash offer for a house. In return you agree to pay them a fixed interest rate while interest rates remain low and when IRs start to move higher you pay them a higher rate. I realize this is not much different than getting a mortgage from a bank but the big difference is you'd own your home with no possibility of repossession. I could only see a deal like this working with close family members i.e. parents and with smaller sums of money (£50K or under) I think the biggest drawback would be losing your job and not being able to keep up with repayments, especially if your relatives depended on them.
  13. LOL who gives a shit! There is plenty of excellent information in this forum for casual viewers to make up their own mind about what is going on, no need for threads to descend into 10 pages full of insults.
  14. Seriously who cares what other people say, we were right and well done to everyone here for waiting to buy an affordable home. Good things are coming to those who had the patience to wait Attacks don't bother me because they are easily ignored, it's posters from here who reply to attacks that bother me because there is absolutely no need. Why posters on here feel the need to reply to the bulls I'll never understand. In one year Northern Ireland property has crashed by 30%, happy freakin days!!! This time last year only in my wildest dreams could I have hoped for this crash to play out so incredibly fast. I have no doubt that prices will drop at least another 20% during 2009 and at the end of the year I start looking for my first home!
  15. VT that was an amazing post, thanks for taking the time to post it. I think this post should be a sticky at the top of the forum.
  16. Interesting, perhaps that could be an interesting idea to get the EA on the buyers side. A lot of us are in very strong positions to buy, some FTBers with big deposits and some STRers who are cash buyers. We all know that EAs are struggling right now so why not try and do a deal with the EA who is selling the house you are interested in. Make a deal with the EA to encourage the seller to sell their house for the price you want to pay and in return you'll pay the EA a fixed fee (You scratch my back, I scratch yours sort of thing) I'm not sure if this is legal or not, anyone know? It's just an idea anyway
  17. Halifax and Vision Property are the only 2 EAs that anyone from here has recommended.
  18. I think that "No Negative Equity" housing deal is financial suicide plus the programme yet again illustrates how many many EA's have vested interests in property and this is exactly why their opinion cannot be taken seriously. No wonder we are seeing so many EAs desperately trying to talk the market up, not only are many of them losing money hand over fist through lack of house purchase transactions but also through seeing their BTL portfolios losing 30% in the past year alone. 2009 is gonna be a bloodbath!
  19. I'm not buying until it's a cash buy, imo taking on ANY debt right now is f*cking insane!
  20. I would want someone to pay me money to live in Larne!
  21. VT how long do you see the current deflation lasting? I think 1 or 2 years based on what I've read so far. I'm in 2 minds about what to do at the moment, I'm about 20% in physical gold and I'd like to buy some silver (although I'm not sure if I should buy bars or go with coins incase we have a sterling crisis as I think coins would be more useful in this scenario) One more thing that is puzzling me somewhat, we are in deflation at the moment (in theory our money should be worth more now) but current BOE policy is devaluing sterling. These actions seem to go in the face of what should happen to the value of money during deflation. For this reason it seems like a no brainer to buy more PMs since our money is not increasing in value during this deflationary phase. The trend now seems to be set to cut rates for the immediate future, are we going to end up with 0% interest rates in the US, UK & EU? The last thing that worries me the most is an Iceland scenario, any idea how likely the UK could end up like Iceland?
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