Jump to content
House Price Crash Forum

we the sheeple

  • Posts

  • Joined

  • Last visited

Everything posted by we the sheeple

  1. Love David Smith, wrong more often than a stopped clock.
  2. Just to clarify, at 30 years the debt would grow to £248,900 Any periods of high inflation would easily whack it over the million mark. And they've systematically pedalled this deal to children ffs.
  3. Wow, no one ever seems to ever do the maths on this horrendous scheme..... Interest rate on the old system running at 1.5% p.a. To quote the new system "From 1 September 2012 until 31 August 2013, the interest rate for ICR loans taken out in 2012 will be 6.6% (RPI, plus 3%)." Let's say, new student graduate has borrowed 3 * 9K fees + 3 * 4K living costs Interest clicking away as follows. 6.60% 1 39.00 2.57 2 41.57 2.74 3 44.32 2.92 4 47.24 3.12 5 50.36 3.32 6 53.68 3.54 7 57.23 3.78 8 61.00 4.03 9 65.03 4.29 10 69.32 4.58 11 73.90 4.88 12 78.78 5.20 13 83.98 5.54 14 89.52 5.91 15 95.43 6.30 16 101.72 6.71 17 108.44 7.16 18 115.59 7.63 19 123.22 8.13 20 131.36 8.67 21 140.03 9.24 22 149.27 9.85 23 159.12 10.50 24 169.62 11.20 25 180.82 11.93 26 192.75 12.72 27 205.47 13.56 28 219.03 14.46 29 233.49 15.41 30 248.90 16.43 Paying back 9% of income over 21K. Assume you start work at 21K, you would need 8% p.a. income growth to only just pay it off at 30 years. Excellent system, definitely not a tax on jobs Mr Clegg.
  4. With QuidCo you could start with the Aston Martin at beginning of week, pawn you way through each less expensive item in turn, just about have enough cash for a designer sandwich by the end of it. Nobody would guess.
  5. classic repeat yesterday with the couple moving from fulham to house near grantham half way through they bid on a wreck with a 450k guide. krusty asked them for their top dollar (600+250 rennovation) bid accepted (hooray) .. they agent mis-mailed them the list of all bidders and their bids. second highest bid very close to the guide. classic. http://www.radiotimes.com/episode/g5bn/relocation,-relocation--series-4---4-pj-and-hereward krust and phil - the agents double agents
  6. If its an older property in Brighton, google "Bungaroosh"
  7. http://blogs.wsj.com/deals/2011/02/02/bill-gross-this-is-not-gods-work/ Hits the nail. Finance Industry is a Utility - Shuffles and Skims the wealth generated by others. Pretending it's vital to the economy is confusing the rude health of a massive Parasite with the near death if its Host.
  8. Total farce "New Lending" includes increasing loan facilities, rather that loan facilities actually taken up. So, banks just do the rounds of their clients who don't borrow money, and sign them up for bigger overdrafts. Bonuses sorted.
  9. Whole area is right on sea level. May well be uninsurable and unmortageable
  10. How big is the problem? 70B doesn't sounds a bit passe in these days of monster bail outs Problem is, Eire population is approx 4.5m. I make it 160K per man/woman/child
  11. Yes, point three. Now the big players are calling FRAUD and wish to be made whole again, could be tricky for banks to eat ALL of their own sh!t. I'm lov'in it!
  12. It must have been a shocking experience for the poor EA. any hope of a sales commission dashed.
  13. Showed the rightmove details with the 916 on the wall to Mrs Sheeple. She hates my Duke and it's only parked on the f**kin drive.
  14. From the Grauniad http://www.guardian.co.uk/business/2010/aug/11/santander-alliance-leicester-online-problems My internet banking has been out of action for at least a month. Totally depend on it, no paper statements, completely FUBAR.
  15. And in todays TeleG.... Bought first maisonette in 1984 for 30k with 2k deposit. (one bedroom, 50 sq m, sw19). 2x a new graduate+2 year salary at the time. Same property last sold for 270k in 2008. now you'd need a 67k deposit and a nice 215k mortgage (inc stamp, fees etc). Far too small to have kids in, but a deal of a lifetime.
  16. Buy land. They've stopped making it. - Mark Twain (a real classic)
  17. Another thought... Except for Nationwide, average number of mortgages per Society (nationally) per month is only 30.
  18. Last paragraph was interesting "Nationwide is, in terms of its assets, more than twice as big as the other 49 combined. The Yorkshire, Coventry and Skipton building societies, which are the next three biggest, have all done at least one deal with a smaller rival in the last couple of years." Death of the Sector *************** So only 50 building societies are left in the UK and Nationwide is nearly 70% of the sector. The 49 really are like a bunch of old fogeys. Signifigance of Nationwide House Price Index *********************************** NW have around 8.5% of residential mortgage market (from 2010 annual report), so I guess the total Building Society sector only comprises around 12% of UK residential mortgage market. Nationwide HP Index must be based on approx 3000 properties per month, with a bias to the South. mmmm.
  19. Just binning the last of the MoneyWeek pile from 26th March 2010. Looked at the "Five bombed-out retail shares to snap up" article for fun and checked the five, er, tips. 1. Game (GMG) - was 97p, now a bargain at 62.35p 2. HMV - was 78p, now even better value at 54.5p 3. N Brown (BWNG) - was 220p now 254.90p 4. Home Retail (HOME) - was 275p, now only 215.30p 5. JJB - was 19.5p, now a threadbare only 12.50p Remember why I cancelled my sub now .
  20. All on a volume of ........ er, miniscule. Anyone know if they ever publish the volumes?
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.