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Casual Observer

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Everything posted by Casual Observer

  1. Err, it's because he believes there will be stagnation that he hasn't traded up yet. (You may need to get someone to explain the logic behind this.) If you mean, why didn't he keep the other house and rent it out, sorry, we're bot against BTL, on principle. Of course his money's in NR. It's in my wife's account (low rate tax). As an existing account holder, it's guaranteed beyond the 35k limit. I've transferred a lot of my own money into it too. I worry about you sometimes , GOM. This stuff isn't difficult to follow.
  2. Renting? He wouldn't do that! Why pay rent to some scum BTL landlord? (no offence Grumpy, I know you're a landlord) Good that he sold his out for 37k more than he paid for it though, isn't it? Especially when you and others said he bought at the peak. Oh, my aching sides.
  3. No. (0/10 for verbal reasoning skills) Moved into fiancee's larger home, which she owns. Intention is to sell hers and buy better home jointly. Is this a good idea? Any tips from you financial geniuses? (I won't hold last years duff advice against you)
  4. Oh dear, oh dear. 1. I never bought NR shares. I never SAID I bought NR shares. I simply asked if it was worth buying NR shares, and mused about doing so. 2. My son did not STR. That is not the only reason people sell houses. They sell and buy other houses 3. I never ever mentioned Son in law. Charlie made that one up, presumably because I misspelt Son as SOIM. (fat fingers) Does making things up to try to make your point work for you guys? Point is: Son bought house in 2006 for 248. Son sells house in 2007 for 285. You lot told me he was foolish to have bought it. You were wrong. Deal with it.
  5. I didn't buy NR shares. GOM made that one up. Soim made healthy profit on his house. He's rather glad he listened to me and not you
  6. Son bought house for 248k in 2006. hE just sold it for 285k I haven't bought shares in NR. Earlier post, was a mistake - I thought I was logging in elsewhere.
  7. Oh come on Oldie - you can do better than that! My opinions on the likelihood of a real rather than nominal price correction are hardly out of the ballpark! (Whereas your expectation of a crash by now has hardly proved a sensible line of thought, has it? )
  8. Why? I'm more interested in house prices than interest rates. Is there some kind of link?
  9. RB, I think most people on here would agree that you're as mentalist as a March Hare.
  10. I can confirm that those rates are not atypical for IT jobs in London. Edited to clarify that I think they are typical, in case anyone thought atypical was a typo!
  11. Maybe they've "had" what we "had" in 2005 and what Australia "had" too. It's as well not to get carried away with some of these "indicators" of financial meltdown.
  12. I bought my first home in 1975/6. When we last moved, in 1994, I had the princely sum of about 70k in equity. By the time I'd paid the buying and selling fees for the next move, I probably had about 65k. I didn't consider this to be a huge sum after you take out 18 years of interest payments, repairs and maintenance, despite being called lucky for living through a high wage inflation period.
  13. But the data is`also type-segmented. And figures for, say, flats appear nonsense too.
  14. Your argument seems to rely on the old low-wage-inflation argument. But you ignore the fact that this in itself leads to low mortgage interest rates, and so prices can afford to drift higher than normal in relation to incomes.
  15. He bought 16 months ago, and according to the LR figures you are gloating over, his house has already appreciated by about 75%. I don't believe that, but you presumably do. Do you expect prices to fall by 75% RB?
  16. You're probably not old enough to know anyone who did National Service. I was too young for it personally, but I'm old enough to know that that's a naive assertion, through personal knowledge of people who went through it. Hard nuts and villains who went into NS came out as fit and tougher villains in many cases, not necessarily pillars of the community
  17. You've hit the nail very squarely on the head with this post. This is a crucial distinction which is extremely important to personal decision-making in the housing market. I'm sure many of RB's followers don't understand this important distinction, and he tries to waffle his way out when challenged, without answering your very pertinent questions.
  18. That's terrible. As a self-made millionaire he should be on at least a grand a week state pension
  19. You know how you get outrageously misleading theatre reviews on billboards: "Sinatra", a musical mixing footage of the legendary crooner and a live band, claimed praise for its "energy, razzmatazz and technical wizardry." In fact The Observer's Sean O'Hagan wrote: "I couldn't help feeling for all the energy, razzmatazz and technical wizardry, the audience has been short-changed." I reckon RB writes them all.
  20. I know, RB. And you decided to change the word correction to HPC. Wasn't the actual quote bearish enough for you? In actual fact, the Times quote , in full, was: A sudden drop in mortgage approvals recorded by building societies has sparked fears that the long-awaited correction in the housing market is about to begin. But it sounds better when you leave out the first 14 words, doesn't it, and then change the word correction for HPC. You remind me of GB's last budget speech when he tried to con the public into thinking he'd reduced income tax.
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