fallingbuzzard
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Everything posted by fallingbuzzard
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My link You're getting more mannequins for your money!
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I think there are many more owner occupiers that would go the opposite way, and quite wisely too
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Current Mortgage Multiples
fallingbuzzard replied to Roost's topic in All about buying, selling and mortgages
Try here with Halifax: My link. I believe that they are keen to prevent full-fledged capitulation -
Is Inflation Good For Me
fallingbuzzard replied to NatterJackToad's topic in House prices and the economy
Not really inflationary though, is it? Marginally by previous recent history where inflation has been crazy, say 70s to 90s. And most of it now is tax increases not wages, and potentially just one-offs. Interest rates, base and real, won't rise till we see the effects of wage inflation, so we're are still at least two years from there. I think the poster made the right decision. -
Or not average in at all. Now that its missed key support levels, it will put doubt on the rest. I have never believed this BS about trendline support.
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Is Inflation Good For Me
fallingbuzzard replied to NatterJackToad's topic in House prices and the economy
in the 70s i was in school learning the difference between these versions of "per se". you are totally wrong in stating that property prices rise in line with wage inflation, now, in the 70s or in the intervening period. -
Is Inflation Good For Me
fallingbuzzard replied to NatterJackToad's topic in House prices and the economy
is that true? did property prices ever rise in line with wage inflation? i'm struggling to find that period of time in the last 40 years. supply and demand determines price, and demand is influenced by supply of mortgages and lending criteria. now, i would say that supply has a bad underlying trend, aided by low interest rates and fear of inflation, and that demand has a positive one, both from owner occupiers and investment funds. don't agree with you at all -
Is Inflation Good For Me
fallingbuzzard replied to NatterJackToad's topic in House prices and the economy
And low interest rates which are set to stay for quite a long time indeed, with the first rise being always just a few months away -
I would imagine that they should be vigorously managing their exposure but might just be letting the bet run
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It found its support level! so who cares?
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The term "far end of a fart" comes to mind
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I do think they'll get just under a million because you only need one person to want it
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80% of product cost is labour, not oil. Wages are growing at 2%. So you can't control inflation by moving interest rates unless you want to push them much much higher. And you need to take direct and indirect taxation out of your inflation calculation. Also remember that output gap and employment is more important than inflation targeting, I think the MPC has stated that, so forget about the Taylor Rule (for now ) My link
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Is This The Beginning Of The "fear" Phase?
fallingbuzzard replied to DownsizingDiva's topic in House prices and the economy
Silly comment maybe, but even at 250,000 its a fantasy but someone might be prepared to push that high -
I don't know this area and I doubt it would figure top of any buy-to-let list so you might be right. But why do you say that lending is much tighter? Is that through personal experience or something someone has said or read? I have found out looser than 2007, banks really do want to lend.
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I wouldn't trust Zoopla! What does Mouseprice / Calnea put it at? Thats what mortgage lenders believe it to be worth. Zoopla values can be taken up or down by registered users and aside from that, their valuation methodology is weak
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Offer Of £30K Cash And £250K Via Solicitors
fallingbuzzard replied to Harold Bishop's topic in Anecdotals
He shouldn't say yes. After all, it might be HMRC trying to buy his property and a saving of £5.6k isn't worth a stretch inside! I think fixtures and fittings is limited to 2.5% save barely worth the legal work. -
The EU, bankers, AlQaeda, Weapons of Mass Destruction, credit crunch, terrorists, even Colonel Gaddafi, all things that UK Joe Public is supposed to fear or hate but can never meet or do anything to. We must keep informing the public of these terrors out there that the government protects us from. If there was nothing to be afraid of, it would be a terrible society, you wouldn't be able to keep people in their places.
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I think they did a lot of work internally, I remember looking at that in 2003/2004. It still feels way overpriced at 350. I cant remember if there was potential for a building plot at the back but there was something unusual about it, something around a Close to be developed using an adjacent house, building and gardens. Just cant remember what it was but it affected the rear or required the rear of the garden
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Fair value £23. Selling on ebay £30. Selling from dealers, £40. Great margins in a no stock business, or perhaps they know something that you don't. Hardly, since they can sell silver at £40 and easily find it and make a very good margin. I hold no silver or gold but its a good business to deal
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So with 8.8% of the workforce unemployed, hourly earnings static and a staggering 20k more than expected jobs generated by the US economy, you really think that the Fed will move. They are unashamedly targeting employment so you're not going to see much action until you get to 7%, maybe even 6% (post 9/11 high) and some good earnings growth on top. Wait a few years for the Fed to act. The ECB is on its own path and the BoE doesnt need to act until the Fed does. Its coming very, very, in a few years
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Btl Empire Starter Pack, Roll Up, Roll Up
fallingbuzzard replied to 200p's topic in House prices and the economy
Quit claim deeds so there is no title or basis for proving title. The seller is very likely to neither own the properties nor the liabilities. You're buying nothing in the hope that you will find someone else willing to buy nothing from you at a later date. Or worst case, you do own the title but not the leasehold. -
My link We can now pick up the semi on Wilberforce Road for 1.25 million. The march upwards continues in the higher reaches and even the Mayor is selling up!