headrow

You sound just like one of my mates. Missed the bottom last year and willing a huge crash so he can have another chance.

He's got loads of wriggle room. Tell the social they've split up , leave her in the house getting everything paid for and he can pretend he's living in the flat while still in the house, when in fact one of his mates is giving him £400 to rent it Keep the CSA off his back and they are laughing all the way to the bank. The concept stinks but it will work.

Price of petrol.

What amazes me is you could buy the exact same house in the North for 175k. http://www.rightmove.co.uk/property-for-sale/property-20682920.html?pageNumber=4&backToListURL=%2Fproperty-for-sale%2FGoole.html%3Findex%3D30 Do houses really drop by 5k for every mile further out of London you get?

Yes , in an ideal world i'd have sold my house in 2008 for 150k and put the lot on Kazakhmys and made enough to be living in a million pound house mortgage free one year later.Somebody , somewhere might have done just that , if they have then they had one huge set of balls!

I own my house outright , i moved into it in 1992 and had paid for it in 8 years , still live there now ,thats why it would be a gamble for me. The house is worth around 140k and i paid 34k , i reckon if i'd sold at peak , banked the 150k and got 5% interest on it and used that to pay rent for two years and bought a similar house for 140k today then i wouldn't be much better off by the times fees and the hassle were factored in.For STR to work you need drops of about 30/40% i believe.

Is it really stress free? You've took a huge gamble , one i would never have had the balls to take on , i was always taught don't gamble with anything that you can't afford to lose , my house well and truly falls into that category , surely the stress of trying to keep your house fund investment rising faster than house prices fall or just keeping it at the current levels if house prices deflate is just as great as the stress you had when you were a home owner? From where we are currently in the house price cycle i think the majority would have been better staying put and overpaying their mortgage , but the decision had to be made without hindsight in 2007 i suppose. Where i live the olny things that have come down in price are the Victorian terraces and the buildings that have been converted into flats. If somebody had sold one of them in 2007 and bought it back today they'd be 50% better off , they came down quicker in one year than they had rose in the previous 3 .

Yes , i've seen that happen many times. I've never seen anybody do it as an investment choice.

I reckon this monday will see a big fall. I've had my eyes on a few for a while and if we see a huge sell off at opening i'm looking to get in and hopefully sell them in the next mini bounce.

A couple of months ago YBS were offering a 5yr bond at 5.25%. Just looked on that link and the rate is now down at 4% .

STR? Don't these people only exist on this forum? I don't know of one person in real life who has ever done it or contemplated doing it. I know loads who have had to rent while the chain catches up and they can move into their new house but i've never met anybody who has done it as an investment decision. Saying that my mate was struggling with his mortgage in 1996 and sold his house and has rented ever since , a decade of HPI he missed out on to which he refers to constantly!

The only thing left for them to do to support house prices is to offer first time buyers interest free loans for 25 years.

It might be fun eating out in Singapore but then they have the climate for it. Its not so easy on the north east coast of england.

I can never remember anybody ever telling me they'd sold up and were renting and hoped to buy later at a cheaper price. Do these people exist in the real world or just on here? Genuine question.

Pound don't like it.

The Ftse will trade about 50 points down until 2.30pm. Then it will recover and finish flat. The S&P will finish 1% up. Thats my predictions.

Even if ti loses 100 points its still not any lower than it was on the days after the Dubai debacle. The money is in the market and people are unwilling to take it out because there is nowhere else to put it , well thats my situation at the moment. I'm beginning to think i'd be better taking the CGT hit and going into cash for a while but some of my portfolio is yielding well over 10% in dividends. The market will beat me , off this i have no doubt , i just don't know which way to turn so that it doesn't beat me comprehensively. Doing nothing at the moment seems the easy safest option.

I had my mouse hovering over the Fresnillo sell option last week when they were sitting at 800p , i reckon they'll hit 500 before they get back to 8.

Yes, i don't want the risk or hassle but i can see how easy it is for some people to go down that route. What i did notice when i was looking that the houses on the streets that needed doing up and were priced accordingly sold very quickly , sometimes within a couple of days of the boards appearing. I presume these are the professional landlords seeing houses for 40k that were double that two years ago.

No, i still live in the same Northern town i was born in.

I was looking at a 2 up 2 down terrace a couple of months ago when i cashed my investments in. You can pick one up for about 50k and get 450pcm. In the end i put it in Barclays at 5.39% because i didn't really want the hassle of renting it out even though i'd have got a far better return on my money.

My outgoings are £150 a month all in. Thats for the three of us. In fact its not even that , i pay the council tack as soon as i get the bill. Do a couple of weekends overtime and pay it off. Yorks Water/Eon/BT/TV about £60 a month.

Yes it happened to me at HBOS a couple of months ago. Sold some shares and cashed in my investment with L&G and had them both moved into my halifax current account. While i decided what to do with it i thought it would be safer to transfer it into my Halifax savings account . When i wanted to transfer this money to Barclays i was told in HBOS that a figure of that amount i needed my passport with me even though she knew me.

What northern terraces are these? I've seen a few today at 50k that were 80 a few years ago.

I hope you're right. My gut feeling has always been that we will test the low we had last july. I'd rather increase my positions at them prices than current ones.