sdoey

Yeah, I think he's over subscribed these! I think he needs an agent! Oops. think hes got one if i remember correctly

Precisely!! I don’t know any young folk earning that sort of dosh in NI. Unless you have a lot of experience it would be hard to get a job paying a salary like that! That’s why so many young folk leave NI for better paid and better opportunities! The VI spinners would not want to buy a house at 200k for their first home so why should the FTB of today do so!! 200k house prices + NI FTB salaries does not add up in my opinion. 3.5/4 times FTB salaries is more the enough to manage i.e. (70K/80K) As for the EAs they will NEVER talk the market down and why would they either, particularity when its their lively hood at stake!!

Where is Mr Jonathan DaVis when ya need him to counter balance the usual VI Spin??

Property market’s £17m fall in a week EXCLUSIVE By Bimpe Fatogun 19/04/08 BAD NEWS FOR many: Hundreds of sellers have been forced to set their sights lower PICTURE: Mal McCann DRAMATIC falls in house prices have led to £17 million being wiped off the Northern Ireland property market in just one week. The asking price on one Co Antrim home fell by £134,950 last week – the largest recorded drop. The number of estate agents slashing prices of properties for sale has more than doubled in just two weeks, according to a housing index tracker website. Treesdontgrowtothesky.com an-alyses the north’s most popular internet house sale website, Propertynews.com. At the end of March it recorded 429 price reductions compared to just 17 increases. That week the total price fall stood at £7,720,195. By last week the asking prices on only 18 properties had been raised whereas 914 decreases had wiped £16,980,666 off the market. A spokesman for the site, which also carries details of properties in the Republic, said that in ad-dition to a rising volume, it ap-peared that more “high-end” properties were being hit. He said it seemed that “there are more larger-valued houses decreasing in price”. Like other analysts, the website believes the haemorrhaging of investors from the Northern Ireland market has caused the recent price tumbles. “As soon as we see prices dropping slightly anybody buying a property with investment in mind will immediately start to disappear from the market,” the spokesman said. “These investors have made up 20 to 30 per cent of the market in the last few years.” So far the decrease in values is holding at between 7 and 8 per cent of the originally marketed prices. This is a significant rise since the beginning of the year. In January figures placed house price falls at 5 per cent or £12,000. That survey of estate agents carried out by the Royal Institution of Chartered Surveyors (RICS) suggested the cumulative fall in prices since record highs last summer could have been as much as 20 per cent. With the acceleration in the price plunge that figure is ex-pected to soar by this summer. According to the latest survey from the Nationwide, despite the fact that at the end of 2007 house prices in the north were performing more strongly than those in Britain, for the first quarter of this year growth fell to -3.4 per cent – the lowest figure in any region. However, it warns the annual fall in Northern Ireland’s house prices “must be seen in the context of the phenomenal growth achieved over the last several years”. Over the last five years, house prices increased by more than 160 per cent – nearly three times as fast as values in Britain.

Yes, i heard him on fatboy's radio programme to and talked alot of sense unlike Nolan's stand in! She had not a clue what he was talking about as well

Shameless plug for Liverpool to win it 6 times and beat the mancs!!

Money as Debt http://video.google.com/videoplay?docid=-9050474362583451279 Have you ever asked yourself questions like? • Where does all the money come from? • How could there be so much money to lend? • Why banks have so much money and everyone else so much debt? Very few people understand the fundamentals of the monetary system and how it works so here is a very informative and educational video explaining the corrupt unsustainable monetary system that we have to endure in countries such as the US, Canada, and the UK also. Basically this video educates us about the perverse debt-money system, Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created (out of thin air). Enjoy, it’s worth taking the time to view it

Sophia, If your interested to find out more about banking and the world of finance may I direct you to the following video to watch Money As Debt http://video.google.com/videoplay?docid=-9050474362583451279 Enjoy

Another great performance from yourself FP! Your getting alot of air time these days and hopefully much more to come over the next year or so!!

80k-100k or 3.5-4 times income

You obviously must have had a big deposit to buy a place at that price?

GOLD 1600 DOLLARS BY THE END OF THE YEAR! END OF

Yepeee!! HPC for sure now! Lenders tighten credit now, 100% mortgages pulled by nearly all lenders Only a matter of time

Do you know the name of this development?

Subby, Can you provide the link to the source for this article

Sitting pity at 23116

Awesome!

I dont take the p*ss with subjects like that !! These people and many on this forum should google Ron Paul on the banking and monetary system, they may learn a thing or 2!

Beware of the NWO!! They print the money out of thin air and create this mess for their benefit to control the sheeple! www.prisonplanet.com

Nice ears!!

Sarcastism is the lowest form of wit methinks!!

ok, point taken!! I take that comment back!! Sorry POP Heres me thinking is that a low grade moron or what!

We do have sub-prime in the UK !! Northern Rock for example giving out 125% mortgages!! doh!! Try and do a bit of research at least before you publish this sort of rubbish!!

Citigroup in deep poo poo so I would not believe that! They have shred something like 30,000 jobs worldwide and are still in deep poo poo!

Student loan may stop you buying a home Simon Lambert, This is Money 24 January 2008 Graduates struggling to get on the property ladder will be hit by student loans going on to their credit reports for the first-time in the same year that interest doubles. Struggle: Graduates hoping to buy their first home could be hit hard by the inclusion of student loan payments on their credit file The student loan double-whammy has come as a shock to many graduates who will see missed payments go on their credit files and the rate on their loan rise from 2.4% to 4.8%. The changes come as graduates are increasingly complaining that they have been misled over student loans. While students are told that interest rates are kept in line inflation when taking out loans, many are unaware that the rate is set according to RPI inflation rather than the newer - and lower - official CPI measure. This has led to the rate on loans doubling for the next year to 4.8%, from 2.4% the previous year, due to a spike in inflation. And potential first-time buyers already struggling to cope with high house prices and mortgage lenders tightening their criteria have been warned by mortgage comparison firm mform.co.uk that missed payments being recorded on their credit files could cause problems It said that the plans to include student loan data on credit files are unfair and could lead to more first-time buyers being turned down for mortgages. While missed payments on student loans will show up as a black mark, positive details on those who have made all their payments on time will not be recorded. Francis Ghiloni, marketing and business development director at mform.co.uk, said: 'The average student can face debts of over £20,000 by the time they graduate, and their average starting salary is around £16,000. 'Given statistics like this, many students miss one or more of their student loan repayments, and this information will soon be made available to credit reference agencies and therefore the banks and financial services companies that use them. 'If they can see a history of missed payments here, they are likely to be less willing to lend you money.' The Government has not yet confirmed when it will begin releasing information about student loan payments to credit agencies, but the information will begin to show up this year. The move follows anger at the announcement last autumn that the Student Loan Company was putting the rate of interest up from 2.4% to 4.8% - the highest rate since 1991. This puts a supposedly low interest rate loan tracking inflation at a similar level to the rates on the best fixed rate mortgage currently available. Protests have been made against the change, with a group set up on networking site Facebook attracting more than 26,000 members. Most complaints have called for student loans to track the official CPI measure rather than RPI. Higher education minister Bill Rammell was criticised after defending the loan interest stating that repayments would not change as they are collected as a percentage of salary above £15,000. Critics pointed out that this was encouraging poor personal financial management as the repayments may not change but the interest rate charged on the outstanding balance had doubled.