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House Price Crash Forum

alexski

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About alexski

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    HPC Newbie
  1. To drop another 0.8ft you could either push forward some more, pull back a bit (but not too much) or leave it where it is. The only difference this will make is how quickly you achieve your aims. (i.e. the RATE at which you descend)
  2. Er... Yeah it is the same thing. If you are making water at the rate of 100 litre a month in month 1 and production dropped by 2.4% you only make 97.6 litre in month 2. If you then suffer a further 0.8% drop in production you only make 96.81 litres in month 3. At no point does 100 litres to 97.6 litres to 96.81 litres mean an increase in production since the amount of water you make is clearly decreasing from one month to the next. Yeah sure the RATE of GDP decreease is slowing but the number is not positive.
  3. Nonesense. £100 is fine to learn with. Just don't expect to become a millionaire overnight! CMC Markets have a commission at just 0.08% with no minimum amount (for contracts for difference account (CFDs)). No stamp duty to pay. But you do pay overnight financing @ LIBOR +- 2.5%, so not particularly cost effective to hold for more than a few months. However, for short to mid term timeframe, its a cost effective option even for very low amounts such as £100. CFDs on the US markets have a similarly low commission (can't remember the details though.) Just don't be tempted into over-leveraging yourself or your £100 will be blown in no time! I'd suggest no leverage at all to begin with. This is much better than paper trading IMO as you don't really learn unless its real (even if only a few quid).
  4. He has been shorting the FTSE from 2000!! Yeah he made 200k in 2008... but how much did he lose from 2000-2007 I wonder.
  5. I doubt very much you would get your deposit back. So what happens when you still cant raise finance in 2 years? And even if you have impeccable credit history, the LTV will be over 100% if houses drop in value (actually, lets face it, at that price its over 100% LTV already!). Got to be the worst scheme ever.
  6. I was willing to take a punt on my first house using the Ownhome scheme. ( I know a lot of you Bears may think I'm crazy for having such thoughts but since they were willing to take 40% of the falls, it would have worked out about the same cost as renting). After having been accepted, I've just got a letter saying that all the funding has been allocated for the financial year! They only got their last lot of funding in April! So it seems that that must have been what has been propping up the market in recent months in a fairly major way. There must be only one way the market can go now...
  7. Hi, I've seen a house I was thinking of buying but have found out its leasehold. I don't like the idea of a lease, although have no real reason why other than the sense of ownership. Any ideas as to a rough ball-park figure for the cost of buying the freehold (inc. both parties solicitor's fees)? The lease is 999 years with 950 left and ground rent at £2 a year. Thanks
  8. Hi, I've seen a house I was thinking of buying but have found out its leasehold. I don't like the idea of a lease, although have no real reason why other than the sense of ownership. Any ideas as to a rough ball-park figure for the cost of buying the freehold (inc. both parties solicitor's fees)? The lease is 999 years with 950 left and ground rent at £2 a year. Thanks
  9. So do you recon an offer of around 90 - 95k is sensible or just unrealistic? Is there any way of finding out what house prices in Prestwich specifically have done since 2002 rather than in the North West in general. Thanks,
  10. http://www.rightmove.co.uk/property-for-sa...y-21465517.html Some advice would be greatly appreciated. I've looked on land registry but there is not much to go on. It went for 65k in 2002 and has been done up a fair bit since (apparently - looks a bit trendy but no new kitchen/bathroom in that time.). #13 is similar size but not end terrace and went for 98k in 2005. Other houses on the street are quite different. Many Many thanks for any advice!
  11. 1p is not legal tender in amounts above £1: http://en.wikipedia.org/wiki/Legal_tender "Bank of England notes are the only banknotes that are legal tender in England and Wales and are issued for in the amount of £5, £10, £20 and £50. United Kingdom coinage is legal tender, but in limited amounts for coins below £1." I am pretty sure Injin is correct on being able to be paid in cash.
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