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House Price Crash Forum


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About Max0

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    HPC Newbie
  1. As vista wasnt taken up much in industry, im sure the masses of IT departments will wait a good while yet to see how windows 7 pans out before depolying it (if they have the budget todo so) linux is free and by is by far a better os it terms of secuirty, performance for workstations and servers than the crap microshaft dish out. check out www.ubuntu.com
  2. Rover SD1 27-litre V12 http://www.ppcmag.co.uk/projectcardetail.asp?id=4 Bet that flys... Didnt tony pond do a lap of the TT in a SD1 and set a average speed of over 100mph? ahh found it http://uk.youtube.com/watch?v=lnKyMgry9iQ
  3. I nearly bought a house at the peak then found this site, now rent a similar house to the one above in Northallerton with 2 mates for £205PM each. Saving as much as I can, and hope to buy around 11/12 with as little mortgage as possible for a FTB This site has saved me a life time of debt and been a slave to the banks - Cheers *edit for pictures*
  4. Does anyone know what the average % people MEW? I think the numbers hit by Negative Equity will be a lot higher than 1 million... for the following reason Bob the builder 100k House/Equity and decides to re morgage 40k to buy the misses a new car, holiday, send the kids to private school whatever House = 100k, Mortgage = 40k Life’s good 60k in Equity Mr. Credit Crunch and Mrs. Inflation visit town, and have a three some with House Price Crash Bobs house falls 35% in price 100k house falls to 65k Bob now has a 65k house, 40k Mortgage and only 15K Equity If the crash is bigger and the MEW was bigger more people could soon find them selfs in Negative Equity
  5. Countrywide Repossessions was unavailable for comment, but a spokeswoman for Northern Rock said that the company had handled the repossession of the property on its behalf. more bad press for Northen Rock..
  6. I'm quite new to the forum, so don't know the politics of previous posts etc I enjoy reading RB posts / options... (as well and many others) well written and even I can understand them with limited financial / economy knowledge I'm learning a lot and I'm grateful people like RB take the time to help inform people like me Its put me of buying my first house until they come down and I visit the site ever day.
  7. The number of people who think the best place for their savings is "under the mattress" has risen, a survey by Newcastle Building Society suggests.http://news.bbc.co.uk/1/hi/business/7367745.stm maybe there waking up..
  8. http://news.bbc.co.uk/1/hi/business/7367745.stm The number of people who think the best place for their savings is "under the mattress" has risen, a survey by Newcastle Building Society suggests.... How much will that hurt the banks if more and more people do this? I might even take my money out just to stick the boot in
  9. http://www.pcc.org.uk/ I just logged a complaint clearly breaks Accuracy i) The Press must take care not to publish inaccurate, misleading or distorted information, including pictures. ii) A significant inaccuracy, misleading statement or distortion once recognised must be corrected, promptly and with due prominence, and - where appropriate - an apology published.
  10. Ive been hanging about on the forum for a few weeks now and have to say what a great forum it is! I have been reading lots and posting little and now have a decent stash of tinned food I'm after a bit of advice really.. I'm 24, earn a decent wage for my age (26k) with 4% yearly pay rises I've managed to saving a 10k deposit. I still live at home rent free so have very little out goings Bank of mum and dad have been very kind letting me stay rent free and have said they would give me 30k to help me get on the ladder when I need it (they also did the same for my sister) They are mortgage free, both retired. I'd rather not take it but there argument is they would rather help me out than losing it in inheritance tax I'm in no rush to move out - my folks are pretty sound With the current markets, economy etc I'm just monitoring the situation daily and saving and saving. I really don't fancy buying at the moment and losing 20-30k and stiched up with a mortgage for the next 100 years. I'm hoping there is a HPC of about 15-20% in the next few years - Which will enable me to save a further 20k + 10K already saved + the money from my parents and pick up a bargain well thats the plan.. What would you do different from the above?? My main concern is... If I keep saving into HSBC is my money safe? if house prices do fall 15-20% Should I put the money into different accounts?
  11. http://www.redrow.co.uk/reassure/house_price_protection/
  12. http://www.google.com/trends?q=negative+eq...=all&sort=0 negative equity looks a good one
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