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House Price Crash Forum

scrappy

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About scrappy

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    HPC Poster
  1. You're joking !! No wonder the place went bankrupt. I was over on business last week. Guy we employed on a short term contract to help out during a trade show was telling us his tale........ Him and the Mrs first applied for a mortgage 3 years ago and were knocked back. Come the credit crunch - no problem sir. Bought a €235K euro appartment in central Dublin 16 months ago on the back of his wages as a stacker truck driver and, her wages typing in a solicitors office. He estimates the house is worth around €100K now. Company he worked for went pop just after Christmas, 149 people made redundant. He receives unemployment benefit, called labour over there, of €250 per week !! Her job earns €1700 per month gross - €1600 after tax. Do the math
  2. Unfortunately, the decline in quality is a direct result of consumer demand. To be blunt...... If that's all that you are prepared to pay - that's what you get. EPOS data shows that people no longer seem prepared to pay for quality goods (the brand), they expect it with all purchases. Sadly, they won't get it for so little money and, this has resulted in the collapse in sales for branded goods and general dissatisfaction with regard to quality for customers The biggest threat to traditional brands no longer comes from their competitors, it's from own label and fit-for-purpose products. Suppliers can't afford these price points, as often the entry level business is at break even or, loss making in order to secure shelf space for profitable branded merchandise. Expect an inflation explosion when the companies with poor business models fall by the wayside.
  3. Why bother wasting peoples time? Accept that you can't afford it. Move on
  4. " it's an outstandingly good rate but the prospects for my future employment don't stand up to the scrutiny" Which bit of that didn't you understand?
  5. Deposit ain't gonna be higher if he isn't working. Likely to be eroded by the cost of living.
  6. If it's been on for over 12 months without the price being lowered, seems like there's no desperate need to sell. If you aren't prepared to offer the £230K being suggested, I'd move on and stop wasting everyones time
  7. Lets stick pins in the eye's of people who can still afford their mortgage shall we? *it's just a jealousy thing innit*
  8. There is no problem with negative equity providing that you can 1) afford your mortgage 2) don't really want to move
  9. Beeney has comedy tits - she's worth watching for that alone. Stick the mute on if it upsets you when she opens her mouth.
  10. I'd love to help, but I'm struggling to be able to offer anything positive. Ignore what the developer is offering the other flats at - it's the Cypriot way to put the price up in times of difficulty. Are you selling with title deeds? If not, the banks will not offer a mortgage to prospective buyers. You will need to find a cash buyer and, in your case this might be the best option - even at a distressed price. I'm no expert, but walking away isn't the answer as now Cyprus is in the EU, the banks may be able to obtain a charging order on your UK assets. The Cypriot property bubble has, I'm afraid burst, and ther eare many in the same boat as you. Good luck.
  11. That's about it - yeah. If they don't grant you a mortgage, you don't deserve one - else it's a fantastic option.
  12. I think shared ownership is fabulous. Without it, I wouldn't be on the housing ladder today, I'd be stuck renting or in a mid-terrace, and wouldn't be living (almost) mortgage free in a detached 4 bedroom. The beauty of it is that you pay no more than the market price, and, you decide when to step in and take advantage of that price in the house that you've chosen as your home. Until then, you simply rent the un-owned portion at a cheaper rate than a mortgage would be. I would however, say that it is geared toward families/people who intend to go on and completely purchase the property - in my opinion as it should be!! We bought a 50% shared ownership in 1992 for £46K. There was a qualifying period of 2 years before we could buy the other half. Consequently, we purchased the remaining share after 3 years in 1995 for £39K. That was due more to good luck than good planning. Edit to add - Re mortgage. Only approached the one lender, Nationwide, who eventually said OK after some umming and argghhing.
  13. speaking on behalf of my family...... I think my kids are a bit p****d off with forking out 5 quid P&P for clothes/gadgets that in reality look nothing like the pictures on the website or are of poor quality. And, losing this every time they order something that needs returning. I've noticed that neither of them are ordering much clotheswise online these days
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