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House Price Crash Forum


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Everything posted by Rain'ard

  1. I don’t agree with the opening remark the reason why labour won. I don’t think the ordinary elector recognises the importance of Macroeconomics. If they did the Conservatives would never had lost government in the first place, as they left the incoming Labour government with the economy in pretty good stead or for the near future at least. It’s through, complacency and disregard for the electorate as whole “wot did it,” and this will be the fate of the present one. If the two main parties stopped stealing each other clothes, and the opposition not keep changing their bets whilst the race is on, then we might get somewhere
  2. Don State pensioners don’t pay rent from their pensions unless the cost is greater than their housing benefit.
  3. Some Council housing stock was sold before the Thatcher era she didn’t invent it, what she did was to make it a statuary right to buy. This included granting enormous discounts up to 60% on properties that were public assets. (Although in some peoples eyes they were considered public liabilities. IMO this did have an effect of appealing to the base instincts of many and encouraged little lord of the manner mentality. Strangely my in-laws were in council property most of their lives, and due to their efforts were able to buy private. But, of course then the property market was not as it is today. Their house cost £10, 000( £100,000 now if calculated by the true rate of inflation) they were one of the last to obtain a fixed mortgage. My mother in law did not work at the time and was home with three children. Father in law was a factory night worker, also this is the south of England not a high earners area.
  4. I agree with what your saying, but no previous government has lost power as a result of a house price crash during their incumbency
  5. Further to your point S It depends in who’s interest these statistics benefit. The private fat cats representatives (forget it’s title) deliberately left out these 110,000 contract workers, because as they’re paid [email protected] money they didn’t want this factor to lower the average of public workers pay compared private to be lower than there claim of 17%
  6. Good point Charlie, no financial agreements or contract supersedes statuary rights. It’s going to crucial how well you get on with you’re a parents or inlaws. If they turned nasty they would have the right to let a room to a chav or mad axeman. If you can’t afford to buy without getting mum and dad involved then you can’t afford to buy. Why not just wait for prices to come down.
  7. I remember the stagnation of seventies, although I don’t recall the term being actually used at the time, it was simply described as inflation. This helped the present `baby boomers’ now as they benefited from their long term fixed rate mortgages that are unavailable now. It was from this period that the lenders learnt their lesson. In the seventies wages, salaries, interest rates rose and mortgage repayments remained the same. I dread to think what impact this would have on our society today if this situation returned, for instance. 1 There is no Ted Heath to introduce statuary inflation proof pay rises as he did when he was prime minister. Basically what happened was that when the price of caviar rose everyone found a rise in their pay packet next month by law. 2 There are no powerful trade unions willing to act on behalf of workers to bring wages and salaries into line. These have been made impotent under legislation. 3 There is no real money or savings we already have a debt based society. 4 Of course if inflation rose as high as 23% as it did once then, how does that grab you with a mortgage of £100,000
  8. When this item was mentioned on Talksport news the reader said something in the line of this will put the gooner on any future interest rate cut
  9. A week is a long time in the property market Last week the London Bombings had an effect. This week they didn’t. Last week drop in interest rate had done little to revive the market, this week they have. So much goes on in 7 days …or less.
  10. A friend with a good job has confided that he
  11. I remember both of the past housing crashes and when it got to the point when the man in the street said “These prices are ridiculous.” Then it crashed and nothing could stop it. There were a lot of angry and disillusioned people about.
  12. I can’t go back and live with my parents they’re both dead. Perhaps I should commit suicide and ask them to put me up wherever they are. Might be a bit hot, but more comfortable than having a mortgage like a milestone around my neck.
  13. Hello Old fashioned, She might have chose to go back to work
  14. As far as I can see Charlie’s tongue sticking out okay. I think he works as a volunteer patient in a medical school and there’s a queue of students asking to see it.
  15. Why do you say this now when we are seeing evidence of real reductions. I have noticed in the estate agents in my area actually advertising as reduced. I have spoken to EA’s and more and more are trying to convince vendors to get real regarding pricing
  16. Even more so What about working class average earners
  17. I'm back after a severe crash on my PC Your PC knows more about the housing market than you
  18. We love N1 and Upper Street [islington's high street]) and could not bear to move out. We are postcode snobs," Miss Lloyd said. Dopes
  19. I’m from the electro-mechanical age. When I started work we were seriously promised that automation would be doing the repetitive tasks and the human race would have an abundance of leisure on it’s hands. It was predicted that by the year 2000 the average working week would be 10hours. The rest would be lounging in the sun. The millennium is now nearly five years old, and where’s that leisure time, and how many hours are we expected to work? 48
  20. Welcome, teddyboy…I like the cut of your jib
  21. Well done Dorset. Lets have some more reports
  22. Had a stroll around today to look into a few estate agents windows. I have noticed that in my area, seller’s expectations have moderated slightly. I actually for the first time in recent years seen a one bedroom flat advertised for less than 100k Also a three bedroom ex-council semi 1.75k. Sussex was the last county to be converted to Christianity, but maybe it’ll be the first to realise that the bubble has been blown to breaking point.
  23. Used to be the other way round. You’d sell your house to buy a Taxi business.
  24. Being a baby boomer myself I can strongly sympathise with the next generation although I have not been into the grabbing culture of my many of my peers. I like a lot of people believed that the pension contributions we paid were going into some sort of safe long term saving account and the politician at the never publicised the fact that we were paying for the generation before us. I would like to say one thing about my generation is that we never had the BTL culture in our day. As mortgages at the time had restrictions, including no subletting. Any ideas of being a landlord, was much a more serous proposition. Getting a business loan and being saddled with secure tenants wasn’t to be taken lightly. The BTL phenomenon IMO has been the prerogative of the 25 – 50ish, who have seen recent legislation, under - I have to add - successive Conservative governments and encouraged by the present one, been given the conditions to exploit this market. I work in the housing industry and I find that the oldie, rather than the baby boomer, has a much more altruist view in thse matters and are very sceptical and disapproving of the current housing situation.
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