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House Price Crash Forum


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About runforthehills

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    HPC Poster

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    North London
  1. There's no way anyone would give me a mortgage anyway, even with my 10 years of savings and HPI equity, coz even though we are at average london wage each, we are both self-employed, and are very good at having small profits by ploughing back into the business! So I will just here stewing and 'getting on with my life' while paying for my fat shit of a winkworth twit landlord to move up trouser sizes.
  2. Yes I agree. It's horrible. But things have always been like this! And much much WORSE! It makes me sick, and it's very worrying. I have just looked at the land reg for greater london and from 95-00 prices doubled, from 95-03 they TREBLED, and from 95-2007 they QUADRUPLED. Guess where they are in June 2010, after a wobble down 17%ish and then back up. Yes, still QUADRUPLED. I don't care about what all the other indices say, Property snake has all the undesirable property on it, let's see how it pans out over winter, because I have seen this elusive HPC come and go 3 times now, and it's
  3. Of course, it would be wonderful if all mortgages were banned. But I think you meant IO mortgages. The thing is, personal opinions don't really help those of us living in these crazy, competing times. You have to work with what you got, and the reality is, this country is in no fit state to be allowing the market to drop and bankrupt all the controlling institutions. It's time to think of some solutions instead of waiting like lemons for the big fast drops.
  4. I know a lot of people that have made good use of IO mortgages. Even in a flat market. Seeing as the capital repayments only really begin to kick in after a year or so (and then only gradually creeping up to a bigger percentage each year, until by the final years it is mostly capital repayment), it makes sense to only pay interest off IF YOU ARE PLANNING TO SELL WITHIN A YEAR OR 2, which for a lot of us looks very likely, as prices are unlikely to drop to a point where we can get into our ideal home. This really works when you are buying a property to 'modernise' under £250k (stamp duty 1%).
  5. I went to secondary school there. I really liked the area, lots of woods, horse riding, nice schools.....alright for bringing up family.
  6. http://uk.finance.ya...5ae3d4.html?x=0 More than 17,000 readers of The Daily Telegraph have signed a petition urging George Osborne, the Chancellor, to scrap plans to increase the capital gains tax rate. Vicars, former members of RAF Bomber Command, teachers and doctors have all written to us expressing their dismay at the proposed changes. Many are lifelong Conservative supporters, who have threatened never to vote for the party again if the changes go ahead in next week's emergency Budget....../ One letter, from an M Anderson, in Bath, reads: "I am a widow aged 90 with a single woman's st
  7. Who was the person a few days ago that provided the template to send to the local MP? That was excellently worded. See. I couldn't do it. I write like a teenager.
  8. We need one too! I'm not the right person to word it though. But if no-one else is up for it I will do it.
  9. Been posting -as Anna- lost my temper a few times today already. We need a revolution! Need to go out for a walk now.. Those DT readers are far more odious than the DM readers. Only the Inde left for me now. GOD KNOWS what I am going to do if DC backs down from this. I don't think i will be able to bear it. Has anyone started a petition on the downing st website yet? We need a voice. March anyone?? Or we all too 'embarrassed' because we aren't rich and successful and somehow feel we haven't tried hard enough? Edit- posted on the Simon Heffer thread http://www.telegraph.co.uk/comment/
  10. Yes, I am beginning to lose the plot now with all these spoilt fecckers. Made 3 comments there in an hour and even facebook linked to it. I think I am beginning to realise just how deep and corrupt this system is, and am not afraid to rant to as many young people as i can. I have a few rich friends, and am not bothered about offending them now either. This whole thing stinks to high heaven!!!
  11. Daily Telegraph are squealing too- i just added this The government should be encouraging us to invest in business and jobs by not raising CGT on profits on shares. This has always been a strong Conservative value and it makes total sense. However, how can high house prices caused by speculation be healthy for a country? Raising CGT to income levels on house price profits would bring several benefits(not forgetting that 18% has only been in since 2008 anyway). It would create tax revenue,stamp duty and business as the 2nd home owners off-load their hopelessly over-valued properties. It woul
  12. On Dispatches last night they were talking about the Conservatives' way of funding their campaign. Yep, you guessed it, property empires! It's a no for them. This house price thing is ingrained in everyone, I don't think anyone is free from it. I think hung parliament and market generated high interest rates are our only hope now.
  13. Thanks everyone for your replies. It has helped me gain some perspective. We are living in loony land and the next few weeks are going to be even crazier, if Labour don't get in, we will never really know how their economic experiment pans out, as the new government will take the reins and if anything negative happens it will be their fault. Labour know they're not getting in this time, but they want to make sure people remember that they' steered' us out of recession before they got booted out, so they get in next time, the crafty buggers. I really hope the people of the UK realise the
  14. With respect, property here in the south-east is very close to 2007 prices again (nominally), but with low wages and no interest on savings, this is bad news for us STR and STMers. I look forward to laughing at this post in 6 months to a year, but this is getting soooooooo old now.
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