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House Price Crash Forum


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Everything posted by shiningliao

  1. Government always love inflation. Inflate away nation debt, push more people to higher band of tax. Less debt, more tax income! Savers, what savers? Saver's vote are limited. There are much more votes from people on job seeker's allowance. http://www.cityam.com/news-and-analysis/allister-heath/inflating-away-the-uk-s-national-debt
  2. http://www.cityam.com/news-and-analysis/allister-heath/inflating-away-the-uk-s-national-debt
  3. http://www.rightmove.co.uk/property-for-sale/property-31745504.html Current asking price is 315K. 2003 sold at 350K. What you guys think about this property? Location is Isle of Dogs, London. I don't really think the house price is now less than 2003 price. I think the last transaction in 2003 was a big dodgy.... Any comment?
  4. If not to work is better off than low wage work, then people will opt for not to work. Hence decrease tax income and increase benefit payout. This makes whole society getting worse each day... which is what happened in the past decade. If low wage work is better than on benefit, people will opt for work. Hence increase tax income and decrease benefit payout. Again, less benefit payout will eventually (hopefully) lead to less tax. So the low wage work condition can be better. This makes whole society getting better.
  5. this sums up what happen in last 12 month. few sellers who doesn't need to sell urgently. fewer buyer wants to buy asap. result: price up with low volume. when will this situation change?
  6. To play safe, shop around for the savings account. Instant access still have 2.75%. Fix for 1 year should have 3.0% + Gold, it seems to me is sort of gambling giving the history high price at the moment.
  7. This can be true if rates go up and stay up for long time. What happen in the past was, rates raise to painful level, house price fall.... for awhile (let's say 1 year) ===> As you said, you still can buy similiar house because of high interest rate. After awhile (say 1 year), the painful rates come down and house price... stay low!. ===> You can buy much bigger house at this point.
  8. "The Ayatollah Buggeri" is right. As for UK PLC, it's not Natonwide's responsibility. If there is responsibility. That's make Nationwide profitable, improve efficiency. That's what Nationwide doing. If every company has to consider UK PLC, (using the example from "The Ayatollah Buggeri") then UK still using horse instead of cars because that's good for the employment - Hiring more people in the short term.
  9. One day, when an old dying boomer laying on the street... I am afraid I won't be the person to help.
  10. I'm afraid us (sensible saver.... or those who interest in HPC) is minority. Politician cannot hear voices from minority. They are busy kissing boomer's (majority) asses.
  11. Totally agree and I have exact feeling like you. I am going to wait after election.. although I have a feeling nothing will change.
  12. I been reading the news about "bad weather" cause the house price drop...... How could this be possible? To me, "bad weather" only affect the transaction volumn. Not the price... It seems some analyst is talking non-sense. Am I right?
  13. Actually, money in could take out immediately. As long as your last 6 months has 50,000. You can claim 5000 cashback. One thing worth notice is... Pity this is for FTB. I wonder why could they find out if you had a mortgage in the past or not..
  14. Where is this 3% ISA? I just checked the website, Santander only offer 2.75% at the moment. Have I just missed the 3% boat?
  15. Thanks, I think so as well and I won't buy any property before the election. I just want to clarify Shared Ownership for what's bad, what's good.
  16. Indeed, most of the Shred Owevership are bad deals. However, I still cannot spot what's wrong with the following cases: Case I The previous owner bought 10% share in 2004 for 25,000 (Over priced.) Rent on 90% share is £360 PCM. Now sold (STC) for 38,000 (Extremely over priced... when looking at 100% price) If you have no intention of buy all 100% share. Just want to live there.... and if you want to move on, just sell it again. This seems a good deal. Any similiar property for rent will cost 750+ PCM. No Service Charge because this is NOT a flat. The only potential problem I can see are: 1). HA may increase the rent to maximum... (I dont' know what is the max. %) - Giving the history of rent increase, this HA seems quite okay. 2). if you can't pay rent, HA will force sell the house in short time. - This applies to all house owner. Could this be one of the few original SO scheme?
  17. Is share ownership house a good deal? I read some negative comments before, however, after my further calculation, it seems it's a good deal. Am I wrong? Take an example in Milton Keynes, a 2 bedroom house. 30% share. Asking price £43,500 (100% price is £145,000) The rent (or the interest on the capital) for the 70% share is £250 PCM. This works out about 3% interest on 70% share (£101,500) Compare to rent a similiar house in the same area. This is a good deal! Am I missed out something?
  18. 25% HPC is fine if transaction volume back to normal. Unfortunately, people simply hold on and the price even creeping up.. for the last 7 months. From a potential buyer's view, this means low price with very limited choices. Like reduced food in Tesco, bargain, but most of them are rubbish. You may get nice one only if you are lucky. So, I am still waiting with finger cross. If no further reduction, at least more will be available later on.
  19. I am losing the faith on HPC... but stll hoping. Most FTBer won't buy and can't buy this £250K property. FTBer will have to buy 1 or 2 bed FLAT. The living standard simply dropped. Just like people live in Victorian time have much bigger houses. Now we don't. As long as population grows, new smaller houses, tiny flats will pop out for FTBer. sad.... I think no government will try to engineer a HPC. They will try to keep the house value and even try to introduce the artificial inflation. Unless, government lose control. Sadly, I am hoping government lost control in near future and have no choice but put the interest rate sky high.... to HPC.
  20. Yes, that's the best deal I can find at the moment. Specially among the "instant access" type.
  21. I have just booked cheap flight tickets with RyanAir. They charge per person per flight £10 for using credit card!!! The only free of charge card is Visa Electron card. So I decided to apply one. After submit the application form, Halifax website says they are extremely busy for the EasyCash account applications. I wonder why... The EasyCash Account is sort of basic, minimum bank account you can get. However, that's the only account you can get a Visa Electron card. Why RyanAir only not charge fees on this type of card? I don't believe the banking cost ********.... I think the main reason is RyanAir figure out the person who have such type of bank account do NOT travel. So they choose this type of card is free (I think they cannot charge fee for all type of cards, otherwise, they break the law by cheating...) Therefore, RyanAir can make the most of money... Anyway, this is what I discovered, what's your opinion?
  22. First of all, is Milton Keynes belongs to South-East? or East-Midlands? Any one familiar with Milton Keynes area? I would like to know where is nicer carea in general. Where is the area that I should try to avoid. (For example, council estate area.) I am going to rent a 2 bedroom house first. Any comment will be appreciated.
  23. Congratulation! It's great to see your assumptions of the future economy and putting your plan into action. For me, I am still waiting.... I believe, the house price crash this time would be a long bottom 'U' shape instead of 'V' shape. House price will stay low for long time after it hit the bottom. Base on this assumption/prediction, low price will stay low for long time to let everyone knows. No need to jump in hurry. Hopefully, fortune favours patience.
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