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House Price Crash Forum


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About yodiggity

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    HPC Newbie
  1. It was a two fold problem: Shareholders had to be given the right to decide on the takeover and Darling refused a waiver to enable Barclays to do the deal. Darling also refused to back stop Barclays purchase of Lehman (as Barclays were a UK entity) and the US refused to do so for the same reason. I would bet my last cent that if Darling and the Bald Eagle were given their time again they would have underwritten this deal. Rightly or wrongly, the view that IB's should be taught a lesson, that someone had to fail to prove a political point was bloody expensive and near catastrophic. It may ha
  2. Leave my investment decisions to me, i let gold take care of my deposit for the last 3 years. now it's around a few banks.
  3. Does it stick in my throat that in order to buy a house now I have to put my hard earned nest egg into it when I really do believe that house prices may fall further. Too damn right. Do I personally want to buy a house rather than rent for the rest of my days or in the near future. Yes I do (and that is down to personal choice, so you cannot knock that). I'm nearly 40 and the thought for having to find rent in my 50's is somewhat depressing. What are the upsides of me sitting back? Possibly gaining another 10/20 percent in house price falls. How long would I have to wait? 1/2/3 years? If it'
  4. I don't think so actually. You tell me where to safely put cash. £1200 pcm is the going rate for properties around where I live, it's actually a good size for the money. This isn't Kensington and Chelsea either, this is just plain old East London suburbs.
  5. not a troll no. i have sat on the sidelines for 4 years after selling and travelling in 2005. my 300k in the bank returns me £112 interest a month and is depreciating through a mix of real and stealth inflation. i live in a 2 bed flat pay 1300 a month. for the same 1300 a month (alright minus the massive £112 in interest i am earning) i can get a 300k mortgage and buy the house for 600k. leaving me at face value 112 worse off by expenditure, but gaining me a house. i am not a troll, i just have a valid question for my current predicament. i honestly feel that houses will eaither stagnate
  6. How many on here are looking to buy a house when prices return to so called normal levels? How many on here have the money to purchase now, but refuse to because they feel that prices are insane or out of whack with their true value? Look don't misunderstand, I'm no bull. And please just because I haven't posted on here before there's no need to take the patronising view that I am unqualified to comment just becuase I may question some long/ firmly held beliefs that question your fundamental views. There are plenty of contradictory flags at the moment. Unemployment is rising, and demand is
  7. Meh, we've all got lives to lead. Bringing up kids, rather than sit around all day waiting for houses to be given away free on your cornflakes, just buy one, live it it and enjoy your life. Ask yourself this, when these so called houses reach affordable levels (at the moment I can buy a 600k house for the same price I am renting my 300k flat, throwing away 18k a year on rent). Who are you going to be up against? Some wasteland bereft of buyers? Unlikely, you are going to be up against ever other sod on here wanting a bargain, along with the umpteen people that I know who are sitting around w
  8. Just a question and this is one that I am having to ask myself as I am a 37 yr old tenant. When are you all planning to buy? Or aren't you? When is the bottom? When they are giving houses away for free? Do you all want to rent for the rest of your lives? I am not asking this to be glib or smart. It's a genuine question. If there are 1000's of people renting, make that 100's of 1000's and I know many like myself who are in this position, looking to buy one day. How will prices crash if in reality there is a steady stream of people of differing incomes all looking to get themselves into a h
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