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housepricepooper

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About housepricepooper

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  1. KOTC I have to say that this description of STC really is utter nonsense! You make it sound like a lost first born - it is only a house for God's sake! Who was it that said that a house is built of bricks and stone but a home is built on love alone? You say 'selling his home from under his family'. I think what you mean is that you sell up, bank the equity and rend somewhere for half the cost of the interest only amount! Wow, that sounds a struggle! You call yourself King of the Castle. Is that the old 'bull' sense of irony coming in or is it just bull? Face it man, the price of property in
  2. Please see the attached at the bottom for summary. This supports the idea of a big sm crash in March. http://www.gold-eagle.com/editorials_05/mchugh012905.html
  3. Please read this article. It has been bizarre how Gord and Tone have been enacting typical New Labour tactics over the last few weeks in going on and on about debt relief and (and as far as Gord is concerned, selling gold) whilst the UK economy is facing some serious questions closer to home which the market is confirming with an inverted yield curve. Have we not got an oppostion which will at least fuel up for an aggressive debate on these matters prior to the election? At least they will go down fighting and at best they could win as a result of being more candid with the electorate by bri
  4. It is generally agreed that the amount paid each year by the DWP into an approved personal pension in lieu of giving up your S2P (State Secone Pension) NOT your Basic State Pension for the year in question is too low - the figures were calculated in ther late 90'3 when interest, investment and mortality rates were very different than today. If you contract out, you can take benefits from 60 onwards. From April 2006, you can add that up to 25% of your pot can be taken as tax free cash. S2P is paid from 65 for people born after 1956 and there is no tax free cash. You pays your money and takes yo
  5. Well I must say that KOTC is very sure of himself but on what basis can her feel that way? Afterall, predicting tomorrow's market for any asset is a tricky business at the best of times. In taking on this task, many look to the 'macro pointers' currently around them to try and judge future sentiment. What are those 'pointers' at the moment/ - Average house prices at historic high relative to average salaries - Personal debt levels in the UK at a historic high - Sudden increase in redundancies; BAe, Grays etc -Unemployment proportedly at record lows but note 2003 figures which identified ar
  6. Well I must say that KOTC is very sure of himself but on what basis can her feel that way? Afterall, predicting tomorrow's market for any asset is a tricky business at the best of times. In taking on this task, many look to the 'macro pointers' currently around them to try and judge future sentiment. What are those 'pointers' at the moment/ - Average house prices at historic high relative to average salaries - Personal debt levels in the UK at a historic high - Sudden increase in redundancies; BAe, Grays etc -Unemployment proportedly at record lows but note 2003 figures which identified ar
  7. Evenin all Sincere thanks for the guidance. Rent now agreed at the montly level agreed 2.5 years ago. All well thanks to the sound guidance from all the friends on this super site! All the best Pooper
  8. We are STRers of 2 years' standing and very happy we are too! I usually pay the rent one year in advance and get a discount of about 4%. This time the agent says 12 X normal rent 'because rents have gone up' Hitchin/Letchworth area. Does anybody have a view on this? My view is that it's a spoof but what do you think? Any views welcomed Pooper
  9. Happy New Year Everyone! You know, I am sure that WTNH is BBB because I've noticed previously that BBB makes a lot of typos when apostrophes are involved. WTNH just doesn't use apostrophes full stop! I wonder if we will be able to spot a similarly implicit ackowledgment of today's housing market in due course?! Whichever side of the debate you're on, good luck! Pooper
  10. Hello Property dreamer. I don't mean to be a boaster but I would like to say the following to make my point. You express your view that property is aspirational. I am not of that view myself. I am very fortunate to have a six figure income and a comfortable amount saved. I am also a STR with a happy family. We simply do not feel that we are missing out on any fun as a house owner at the moment. Actually, we feel very relaxed indeed. By the way, I count myself as a lucky hard worker rather than particularly bright. All the best P
  11. Morning S/E - Hertfordshire As I said, I am confident the numbers don't work and that the owner noe has to look at an additional calculation of yield assuming capital losses!!!! That's the thing, so many BTL buying decisons have assumed capital growth 'thrown in' for good measure. My view is that the UKeconomy and the £ have some '30's' times ahead I'm afraid. Based on what we produce and earn, there is just not enough 'production' in the country to afford all these expensive houses and BMW X5's!! I envisage a correction period lasting several years where earnings and spending converge to so
  12. About 80% based on property at £380 now. Makes my eyes water. I know how long it takes to save up that sort of money. BTW - the market is so quiet around here it's spooky - particularly for 'executive' properties!
  13. No, I only know the mortgage amount from about a year ago because this was on the file. I don't know about the terms of the mortage or other outgoings. What I am comfortable about is that since I saw those numbers, this house has probably gone down in value by 5-10%. It is difficult to say because nothing is selling around here. (Herts) Based on svr, he could easily be -ve now but I can't be sure. Since we've been here, I've been sure his number have only worked with capital growth also. We've certainly been happy just paying rent! I can't see why so many of these bulls see property as the one
  14. No, I found out by chance when I quizzed the agent a few months ago - pure fluke, she had his file open and I saw the numbers.
  15. I would just like to say to you that we have been renting for about 2 years and STR back then. We have about £250K in swiss francs and gold at the mo but no house. The rent is £950 pcm. The houses value (apparently) is about £400K. At 5% interest, with no deposit that would be about £1800 pcm interest only. That's more than a fee quid! I'm no expert like you of course but please explain how the above is a good ( and stable) deal for my heavily leaveraged landlord?
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