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Everything posted by MISS JONES

  1. I agree totally with your comment What is the alternative ?? If the housing market did collapse totally the whole fabric of the UK economy would collapse with it. MISS JONES
  2. A few years ago agricultural land was selling for as little as 3-4k an acre. Today it's selling between 12-15k an acre. I bought land lately was on market at 120K and bid up to 182k !! Even during the crunch it seems to be gaining value. The older generation say put your money in the ground. Are they right ?? Remember we are on a small island with limited agricultural land. Certain counties have very limited farmland. Any views ?? MISS JONES
  3. I don't listen to the 2 pri$$ks after all they were one of the major factors why the crunch happened, but money talks and they are pumping it in. Like any business that's struggling, what do you do, either let it go bst or inject it with cash and restructure and hope to f$$k it works !! I still feel that well researched property in really desirable areas will be sheltered from the crunch, to an extent. Like I've stated in previous posts detached have only fallen 1.1% in a year, so a good detached in a really good location should be a safe medium to long term investment. MISS JONES
  4. As Brown and Badger have stated "We will do whatever it takes to bring the housing market under control and protect homeowners from losing their homes" Brown will pour billions into the economy, what is the alternative ?? On point 2, regardless if it's long or short term no investor likes to see the ar$e fall out of their stock value. The more it falls the longer it will take to recover. Nobody knows when and for what reason you might need to turn stock into liquid funds. Maybe health reasons or whatever. MISS JONES
  5. The government have never bailed out banks and there have never been state owned banks in the UK ever, so an example is not obtainable. N.I. in my view cannot be compared with previous crashes like Tokyo etc. as the market isn't cut and dry, there are hundreds of factors to consider and a lot are "local issues". Most bears seem to think bulls on this site are relying on the state to sponsor their property portfolios, they also think the bulls are in for a "quick kill". This is not the case for me anyhows, I bought pre-boom at discounted prices, I actually built 4 of them, so it doesn't come much cheaper than that. I know prices will fall but I'm in for the long haul 10-15 years, a pension or even pass them on to the kids !! But I do believe the drop is slowing gradually as University Of Ulster statement and detached have only dropped 1.1% in 12 months, so this is not a disaster for me anyway. MISS JONES
  6. I am a realist, I know prices will drop by perhaps 40% and stay "level" for a few years after that. But as an investor & developer I know build cost and site costs. I also know government can't afford the whole nation slipping too deep into zero equity, hence the muti billion pound bailouts, mortgage "holidays" etc. As I've stated in previous posts, why sell your house for pittance when interest rates will soon be zero and banks are giving clients 2 year payment breaks effectively letting home owners live in their homes for 2 years "rent free". I have read the past market very well and know the market will not spring back to previous prices like some foolish investors believe. But with all due respect I honestly can't see it dropping beyond 40-45%. I feel the drop is starting to slow now as per latest university of Ulster figures released last week, in fact in that report it states detached houses have only slipped by 1.1% in the previous 12 months !! MISS JONES
  7. Fair enough 55% is a guide, however this "model" works better in higher quality areas with good school etc. This would go someway to protecting yor percentage buffer. Granted the model wouldn't work so well in say a council estate in West Belfast. But in good areas 55% will stand up all day long. In my opinion anyhows MISS JONES
  8. Agreed, however would you agree that it in "unlikely" to drop by 55%
  9. MCW is correct. I know a guy works in in one of there Belfast branches.
  10. Mr. Slump, Duh, Why the insult ( again ) ?? House prices have already dropped by 25% so by buying with further 30% = 55% below book. I think this allows for any future decrease in value, I can't see prices dropping 55 % can you ?? My understanding of "book" would be a property SOLD in the area within the last 3 months. MISS JONES
  11. Did you not read the post? How can you lose your shirt when your buying 30% below book ?? MISS JONES
  12. Agreed BTL's should be treated as any business. If the cashflow isn't there or the model is wrong. TOUGH S$$T Why should BTL's be any different than say a pub or shop ? Brokers should face the full rigor of the law for false applications ! What system is in place to vet this FRAUD ?? It seems the only time this is discovered is when buyers default on payments. Isn't this what started the sub-prime domino affect ?? MISS JONES
  13. Hi Joe Davola, This is a great way to get on the ladder. Go traveling and as long as your rent covers your loan and any repairs, rates etc. your sorted. Look for an area with few rentals about in a good location. Again look for schools, bus routes, employment etc. Do what i suggested by placing an add in the local paper and try to get 25-30% discount, this would act as your buffer against valuation slipage. Good Luck !! MISS JONES
  14. you're welcome Another simple one Find an area you really like in your price range. Get some flyers printed "again stating 25-30% and cash waiting" and pay the local paper boy/girl to post them or diy. Be persistant as people's lives change, the crunch,divorce etc.etc. You might be suprised !! MISS JONES
  15. Doccyboy, There is more than one way to skin a cat. One quick easy thing to try: Put an advert in your local paper Say: WANTED SEMI BLA BLA WILL PAY UP TO 70% CASH WAITING Even if you don't have cash with this discount getting a quick loan will be easy. Get a loan in principle from the bank for a set amount, this will speed things up also. You will have a smaller deposit to raise as ltv is there. Another bonus no agent fees ! I have friends who do this and pick up some really nice property !! MISS JONES
  16. Very grown up. Shame you won't listen, even you could learn something MISS JONES
  17. Doccyboy, I have never, ever bought of an EA. By the time they get their grubby, greedy little mitts on the listing it's too late. They are liars and can't be trusted. Don't buy through agents or propertynews, it's all rubbish. The only way to buy is before it's listed, this is the true value!! MISS JONES
  18. No abuse either, I believe within the next few months the house price drops will slow, interest rates will drop and house sales will move. Brown and badger are giving 2 year repayment holidays etc. With this bail out and the interest rate drop etc. why sell cheap ?? Bargain prices will dry up very quickly towards the end of next year. Buy now with a 30% discount and take your pick ! Timing is crucial. It's like going to a party You don't want to be first there You don't want to be the last one there either as there's no beer left and you end up emptying the ashtrays !!! MISS JONES
  19. Bit of a bearish post there Sogy MISS JONES
  20. Hi Pootle, Your ok according to you money trickles down the inside of your trousers. I invested wisely pre boom, built and sold 19 houses and 6 apartments price range £ 160k-795k during the height of the boom, retained 2 new builds and bought a further 2 new builds of developer friends at heavily discounted prices. I bought 1 more a while back at an UK auction again heavily discounted. I bought 16 acres ( potential development land ) last week of a farmer friend at 12k an acre ( bought due to fathers death followed by a family dispute ). I have mortgages at 50% on the last 2. All houses are rented to decent hard working familys ( long term) and 1 through DHSS again long term. My house is paid for as is the land I just bought as are the vans, the civic type r,as is RRover as is all my plant, track machines,dumpers etc.etc. I also have a very healthy bank account with quite a bit locked in at 6% for next 9 months, low interest rates brill news for borrowing "cheap money" if required for bigger ventures !! Life is good with cheap fuel, clothes, food, gadgets etc. Recession bring it on !! Thankfully nothing is leaking down my trousers and won't be EVER If you need info. how to make money through property now I can answer any questions you want. It's still easy MISS JONES
  21. Did I tell any bears to go F$$$ yourself ? They are the ones with the chip on their shoulders and you have the golden ar$e How many times SEE ONE OF MY PREVIOUS POSTS IT TELLS YOU ALL YOU NEED TO KNOW ABOUT BUYING IN TODAYS CLIMATE AND HOW TO BEAT THE CRUNCH IF YOU ARE SMART ENOUGH AND GET OF YOUR GOLDEN AR$E why do you want figures on commercial buildings in N.I.? Are you planning on moving into a shed ?? If I buy a house it is an educated, calculated purchase based on many things like location, schools, population, employment, transport links , houses for sale or rent in the area, leisure etc.etc.etc. I do my own research and "micro " report. This is known as wit and using your head. I don't buy crap in crappy areas !! If I wanted a report on global economic trends I would get one from the net, but it serves no purpose when I want to buy a house in Lisburn !! Must go now xmas shopping calls, you know how it is. Love MISS JONES
  22. Pootle get them notes over the radiator and get back on the pot. Time is money !! Again one of my previous post ignored if you read it it tells you how to buy, where to buy and gives a breakdown of costs, yields etc etc. Again if you read it it explains why there still bargains to be had and money to be made, if you are smart enough. As for projections and futures from the BBC and press articles and professors etc. For every article you dig up there is a counter article elsewhere from another fortune telling expert professor of economics. So this tit for tat news crap could go on for a million years and end back where this " debate" started. Also a lot of articles you bears dig up are English based, we live in N.I. here we have a severe shortage of social housing helped slightly by private land lords. We're also a spec on the map with very limited land , useless planning systems, a growing population all the things that make land and houses a solid "long to medium" term investment. Now bears scurry along to find another smart **** "expert" with limied views. As my grandfather corperal Jones from Dad's Army would say: "They don't like it up em you know" "Who" says pikey, " The fussy wussys with the bearskin hats, they don't like it up em !!" MISS JONES
  23. Why not wait until you can buy a house for a years salary ?? Do banks not take the view that houses are a "long term " asset ? I know a brickie lives in Tonbridge Wells. Wages £ 750 week rent 3 bed semi £ 1150 per month I know a brickie here wages £ 500 week. Rent £ 550 per month So N.I houses and rents are overpriced try living in Kent council tax etc etc. and by the way the wages aren't twice what they are here, nowhere close so how are we overpriced. BANKS VIEW HOUSES AS "STOCK" AN ASSET. Keep your cash in the bank and live off the interest. MISS JONES
  24. Sorry Hermy I only have half a loaf but you know the saying. Half a loaf is better than no loaf !! A BULL'S POAM TO CHEER UP HERMY AND MY HERD OF GOATS Hello sir remember me, I'm the boy you said would never be The boy you said look don't touch, the boy who wouldn't amount to much That's right my name's Bob the one who landed the builder's job The boy you like to reduce to tears, the boy you suppressed for five whole years Yes sir now I'm here and your still there with your fake sports car and receeding hair, Wearing farah trousers you think are smart married to the woman who teaches art, Married to the life married to the school. Be a developer now who's the fool. Buying houses you thought I was barmy, go out thingy join the army There again I suppose it would do for the negative dick$$$ds just like you As for me bargains beckon, houses to buy in a recession Here I sit in first class, so fu$k off sir, kiss my ass !! MISS JONES
  25. Mmmmmmmmmmmmm?? Where have I seen this before ? A new member with a different view point ? Being mauled by "the pack " ? Welcome Hermy !! Don't worry the way some of the members of this "open debate" forum think we will be trading houses for sheep & goats next year !! MISS JONES
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