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ReJoyce

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About ReJoyce

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    HPC Poster
  1. In the SE: - Sold 2008, moved due to change of job - Finally bought April 2011 Reasonably happy but wish I had went with my gut and put the cash after the 2008 sale in other currencies and gold, but trusted the "pros" who thought that was unlikely to be a benefit. My overall belief is that houses are massively overvalued and that it is dragging the whole economy down and I still struggle to believe that whether you buy or wait for 2 or 3 years makes such a huge difference to the rest of your life! J
  2. She has a, potentially, terminal illness which has led to a loss of income: "Not only has she lost a well-paid and enjoyable job because of a life-threatening illness,"
  3. Are you sure about that? If, for example you took a cosine curve with many periods and plotted a trend line, effectively an average it would be a line along the X axis and wouldn't pass through (1,0) where the curve starts J
  4. Same here, village basically back to 2007 levels for anything even half decent. J
  5. Yep, as was not sticking the lump sum in dollars, Yen, Euros as a hedge against currency devaluation in 2008 ... To be fair to myself the fall from peak to mid 2008 was strong and looked like it was just going to keep going. By the time I fully cottoned on that it wasn't it was too late. Jason
  6. But ... that sort of return has proved tricky to realise with low risk. When I sold in 2008 due to a redundancy + new job, standard deposit accounts were fixed at 6% for a year - that paid the rent. I wanted to keep the money available and low risk as I was expecting a fast hard fall in prices and opportunities to buy back in cheap .... As rates fell and rent rose the interest covered less and less of the rent. Where I am prices have risen since the point of my sale. If I had bought then, I would now be better off having cleared more of the new debt. I ended up buying in 2011. the house has not lost anything since looking at recent fast sales in the area, and I no longer have the constant threat of my family (two children + wife) being made homeless by a landlord and hav9ing to move out of the catchment for a decent school. So if rents had stagnated ... and house prices had fallen ... while interest rates stayed high ... I would have been quids in ... none of that happened for me. Others, like Bruce, have managed the situation better and seem to live in areas where prices are dropping. Good for them but one size definitely does not fit all. J
  7. None of you poll choices - he will go for business as usual for at least a few months to avoid spooking either side. J
  8. 0% this year - starting to be repetitive! Employer is a major consumer electronics company. J
  9. ... In fact one of HPC's own graphs says we are not far from a 4 times ratio for first time buyers: http://www.housepricecrash.co.uk/graphs-ftb-average-house-price-to-earnings-ratio.php regards J
  10. I sympathise with you. I was in the same boat and decided enough was enough, especially with our accidental landlord. I bought earlier this year and managed to get the house for, what I felt was, a good price. Only time will tell, but I hope to stay in it for a decent time so should be able to ride out the storm. I also see the £100k I "made" on my previous house (I STR'd in 2008) as a buffer, I didn't see the cash, so I can afford to lose it. regards J
  11. Good find I can't help but be pernickity about this: You have mis-read your quote - he says "Assume that a house for a first-time buyer costs 4 times their annual income." What the relationship between average price of all and the average first time buyer is I do not know but would be willing to bet my right arm the overall average, of all housing in the UK is higher that the first time buyer average. regards J
  12. I am amazed there is not more comment on this here - everyone is usually happy to have a go that the BBC is a VI but when they aren't? Silence. Good interview overall, the overly positive guy looked like an idiot, although they all agreed that the cost of renting is too high. They also all predict a massive fall in consumer spending due to too much lending in the past and MEWing ending. Evan and the PWC guy agreed falls are not necessarily a bad thing 2:00min in here: http://news.bbc.co.uk/today/hi/today/newsid_9535000/9535944.stm regards J
  13. The builders need to get their investment back as soon as possible. This development is near my parents, I would hate to have bought back in February as some did: http://www.rightmove.co.uk/property-for-sale/new-homes/property-27811750.html?premiumA=true 325 --> 285 http://www.rightmove.co.uk/property-for-sale/new-homes/property-32625731.html 325 -->285 http://www.rightmove.co.uk/property-for-sale/new-homes/property-32662307.html 305 --> 265 http://www.rightmove.co.uk/property-for-sale/new-homes/property-27313135.html?premiumA=true 300 --> 270 http://www.rightmove.co.uk/property-for-sale/new-homes/property-18137172.html?premiumA=true 295 --> 250 etc. regards J
  14. Rightmove index is leading - but only when prices are rising. In a falling market it is lagging - both illustrate delusion! Regards J
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