spring

Agreed, unless they withdraw it from the market which is their right to do so obviously.

Saw this on the nationwide mortgage repayment calculator: nationwide repayment calculator Does this mean that they see new build flats as riskier (ie likely to fall by a higher amt) than houses?

Final reduction "Final reduction" -they're puttin the foot down on this dropping the price malarcy..ha!

tough one - parents want the best for their kids..giving them a wad of cash can keep them (& future grandchildren) from having to live in an undesireable area. my personal opinion is that the only way it can work is if the money is given, not lent. the chances of the person being able to pay the money back while juggling a mortagage and other committments is low. social problems can arise when relationships break up etc i guess..the house is sold...and the partner whose parents maybe havent given anything get half the dosh. i think there will be less and less parents giving large deposits to their kids. in the last few yrs there was the 'fear factor' - ie. if we dont give them a big help, theyre never gonna get on the ladder. also, times are getting harder, oil, food, travel, holiday costs going through the roof. a lot of mum & dads are probably re-calculating just how much money they wil need in their retirement.

ah, the way i understood it was that a 'provisional sale' was where a 'real' bid was less than what the seller had hoped for but high enough that the seller would be provided with the bidder's details & could decide after the auction whether to sell it or not. so, it's possible then that an imaginary bid could be treated as a real bid and the 'provisonal sale' in that case does not exist in reality?

mmm...i'm quite surprised. although there were only a handful of sales, there were loads of 'Provisional Sale Only's with maximum bids very close or greater than the guide price. not quite the 'famine' i was hoping for....

surely people will see through this...they're trying to make it look like properties are selling like 'hot cakes' notice the way the properties are from a wide range of areas - belfast, lisburn, bangor, portadown, ards. And with all those areas, there's only a page of solds. they're gettin desperate....

Good find tara. I so very hope so...

u mean people who have fallen into negative equity are unlikely to be eligible for the scheme?

Mortgage Rescue scheme for NI Could this prevent a crash?

seems to be what the straight talkers are prepared to give up. i.e. back to end of 2005/2006 prices and we'll stop there.

ok - say the price is 150k and the yearly rental is 450*12= 5400 that gives 27.777. how does this fit in with all the % yields above theyre talking about?

well done, that's really good going. just as a matter of interest, how long did it take to save such a large amount?

How do I do the calculation to work out a rental yield?

bust will follow boom - but when? came across an article from 2005 which predicted that the collapse would start in 2008. he worked it out due to 18 year economic cycles. he even used the word crunch. uncanny, to have predicted the exact year with accuracy 3 years ago.

On Property News I've noticed the status of numerous properties being changed from 'For Sale' to 'For Rent'. I'm just wondering what peoples 'on the ground' experiences of the rental market are at the minute i.e people who have recently had to look for a house to rent etc. -is there a noticeable surplus of properies for rent? -are some rental properties sitting empty for a long time? Maybe if prospective sellers can just start renting a property out easily enough this could hold up a crash.

i thought that too. but i'm starting to think that there must be a lot more people reading this site than i thought. and maybe they're telling EAs etc that they won't buy now cos this site has convinced them that prices will crash. Just my opinion. i've started to hear this site mentioned in the media more and more now - with the VIs calling it "irresponsible" etc. what's irresponsible about us folk wanting to chat & share stories about the property market? it is just our opinion. we don't have a crystal ball which tells us the future. as paul has said before, the internet helped the market rise a lot faster...it may help the market fall faster.

Seconded.

yeah, i immediately thought of u when he mentioned the graphs....looks like your graphs really annoy him...ha.

the so called "experts" were saying that last summer ie things have slowed for a little while...now's a great time to buy. thank f**k i didnt buy then...can't believe i was looking at 170k properties and thinking about co-ownership back then. how p***ed off would i be now if i'd bought then.

If "the country" is the UK - Northern Ireland will be hit very hard.

BBc i player - tonights money program gripping...loads of people are in deep s**t cos they can't get reasonable price mortgages. the days of mad mortgages are over.

can't believe no-one here is talking about 2days big UK news that house price falls are accelerating. C4 news is asking is this the day that the wheels fell off the property rollercoaster. Uk prices dropped by 2.5% in may according to the n'wide c4 news

Wow - the Software Developer should get a knighthood for his services to First Time Buyers!!!

fair point. ok, in that case if we revise it and say £450pm so, 150000/(450*12) = 27.7 so if the situation in the US was "In the last few years, though, it broke through that historical range and hit almost 19 by the time the housing market peaked, in 2006" ...just shows how horrendously overpriced we are.