Jump to content
House Price Crash Forum

Flanker

New Members
  • Content Count

    12
  • Joined

  • Last visited

About Flanker

  • Rank
    HPC Newbie
  1. Not sure if it is related to the recession but a guy in Germany has just killed about 15 poeple and a guy in Alabama (who had just lost his job) gunned down about 10 people this morning http://www.timesonline.co.uk/tol/news/worl...icle5884862.ece
  2. i love old guys like that, and get what he's saying, I can see some of the guys on here turning into him in 30 - 40yrs time Good judgment comes from experience, and often experience comes from bad judgment.
  3. In their defence they have quite alot of galaxy to cover, and I guess something 100ft across isn't that easy to pick up
  4. http://www.ananova.com/business/story/sm_3180951.html?menu= "You would be forgiven for thinking nothing has changed as you walk through Dublin's streets - but the Celtic Tiger is most definitely not at the height of its power. Go for a coffee, take in lunch, pop into a pub for a Guinness and it the place seems vibrant still. It may not look any different, but beneath the glittering façade of Dublin's Docklands development the reality is a country in recession. The economy is crumbling and, like Britain, the financial services and construction industries are collapsing. In the Docklands, a huge multi-storey block towers over the River Liffey. It was to be the new headquarters of the Anglo Irish Bank - but the bank has since been nationalised and the development deal looks in ruins. Ireland is diving headlong into a recession that few could ever have imagined. The government is trying to make huge expenditure savings, totalling billions of euros over the next few years. But with the unions refusing to agree, it seems likely that there will be a collision and it will be bloody and nasty. Leading Irish economist David McWilliams told Sky News: "In the next few weeks, the buses will be on strike. "Teachers will be working to rule and nurse and hospital staff will be considering action. "The government and the unions will face each other off. The Government will say it can't pay and there will be a battle, and the government will win - it has to." Unemployment in Ireland is a shade under 10% and is growing. The rate of new redundancies has risen by 70% in recent months. Mr McWilliams is among a growing number of economists in countries at the lower end of the Eurozone that are actively talking about leaving the currency. Either Europe bails them out, or they hope to leave and set their own interest rates and monetary policies. This would allow them to follow the example set by Great Britain, where not being in the Eurozone allows some room for manoeuvre. Britain can lower interest rates and its policy of bail-out support - as seen with the banks - may well make all the difference. But if these policies do not work, then there could be some truth in the latest joke doing to rounds in Dublin's beleaguered stockbroker offices. People ask: "In this recession, what's the difference between England and Ireland?" The answer: "About three and a half weeks.""
  5. Howard Archer, chief UK and European economist at IHS Global Insight, said: "Mortgage approvals were still at exceptionally low levels by historical norms in December, so the best that can really be said is that activity may be stabilising at an extremely muted level. "To be honest, mortgage approvals were so low in November that there had to be a rise in December." Surely too early for a recovery
  6. morning gents thanks for the advice, the missus and I did think about waiting till I get the chop, then renting it out while we go down south for a year or two - although we couldnt remortgage so we would jsut stay on the SVR and not tell mortgage company Problem is we would need to contribute some cash to cover the cost of mortgage. Even if we only had to top up the rent with just £100 a month, over a period of two years (thats assuming rates stay low for that period), the house price wouldn't be anywhere near the amount we bought at; and we would probably have only paid off about £2000 of the debt. So the mortgage would be £104k, the house would now be worth £90k (if we are lucky, we bought at £112k) In addition, we would have all the hassle of finding someone to rent (who could lose there job too)...it jsut seems liek we would be delaying the inevitable I mean if this recession is gonna last 5/6/7 years thats along time to struggle I might be sounding a bit defeatest, but it's just a bunch of bricks and tiles
  7. Hi all, been prowling these boards for a while now, I work for the new UK "superbank" although it doesnt feel that super at the moment I have a average size repayment mortgage, just £106k, but in negative equity. I didnt over stretch and the missus and I can more than cover the repayments, but we bought 1 year before the peak...bad times So I'm thinking....the chances of us keeping our jobs in the recession are fairly slim, and I dont quite see the point of trying to keep a house when the value is falling like a stone and the mortgage debt is not falling by a similar amount, add to that the inevitability of a job loss in the next 12 months (and Item Club predicting 3.4m unemployed going into 2011) and I'm thinking we cut our losses and take the redundancy pay to bum around australia or south africa for a two years, then maybe come back and start again. We're putting the house on the market next week, although I dont think it'll sell, the market around here has dried up, there are no buyers!!!....I'd rather just rip the plaster off than wait to be made redundant, then wait to default, then wait to be repossessed who's coming with me?
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.