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undersupply

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Everything posted by undersupply

  1. However 1% HPI per year is not a lot. Renting is still cheaper than buying. Some of your 20k will be used up this way. I was wondering at what point people thought buying a house was a good idea, compared to saving or investing the difference between rent and mortgage repayments. So I dont agree that the result was a foregone conclusion and am surprised by the voting so far. If you were to put your deposit of 20k into shares you would need to see growth of 100% over 10 years and then would be CGtaxed on the 20k you made, maybe that is what people are thinking. Weve had all the "how much do you think prices will drop" polls before, I was wondering what people thought about stagflation.
  2. Interesting, and there are many like you, which makes a crash far less likely. 1% HPI per year is less than wage inflation, which means your house would become more affordable while still netting you 20k. Gearing eh? When will we get stock market "mortgages"?
  3. Would ten percent be acceptable to you, ie £20k on the average house for ten years? No capital gains tax if it is your PPR. Or would you do better elsewhere? Tell us your thoughts
  4. http://www.housepricecrash.co.uk/forum/ind...ndpost&p=336944 Et tu, Brute?
  5. One down 2 2 go LATK first join 22dec05 B&M 29dec05 Glitterygook2 29dec05
  6. http://www.thepost.ie/post/pages/p/wholest...qn=1-qqqx=1.asp
  7. http://www.ireland.com/newspaper/property/...CITYLIV_30.html
  8. Dudes where is the quarterly regional report?
  9. Not there atm, but over and back quite a lot. Sentiment is very bullish and will be for another 2-3 quarter point rises, I think. People ignore any negative sentiment, theyve beenhearingthisforyears.......
  10. Any chance of a rightmove link or postcode and number? Cheers
  11. http://www.finfacts.com/irelandbusinessnew..._10005356.shtml
  12. http://www.rte.ie/news/2006/0329/housing.html Buy 2 Let a waste of money
  13. Home loan hikes to cost €200 a month Interest rates to rise faster than expected, experts say Brendan Keenan Group Business Editor INTEREST rates and mortgage costs are set to rise faster, economists say, with a total increase of more than 1pc likely by the end of the year. The next interest rate hike could come in May, after surprise new figures yesterday showed business conditions in Europe at their best level for years, while debt continues to mount. If the upsurge continues, the European Central Bank could hike the cost of money by three-quarters of a percent between now and Christmas, analysts say. That would bring the ECB rate to 3.25pc - compared with 2pc at the beginning of December. And that would push mortgage rates to above 4pc, adding around €200 to the monthly cost of a typical €300,000 mortgage. Such a rise seems likely to cool the pace of house price inflation, which experts had said could reach 12pc this year. The ECB is worried that booming house prices and borrowing has spread from countries like Ireland and Spain to other euro zone economies. Figures from the ECB yesterday showed total euro area borrowing in February was 10pc higher than the same month last year. Mortgage lending was up 12pc. ECB President Jean-Claude Trichet said the housing market needs close watching. "Euro area residential property prices are now in their sixth year of strong dynamism and at the same time growth in mortgage loans has increased substantially," he said. "The hawks on the ECB governing council will be very concerned at the persistent strength of borrowing, while even the less hawkish will feel a little uncomfortable that rates are so low," said Austin Hughes, economist at IIB Bank. The credit figures came on top of an unexpected surge in business confidence in Germany, Europe's biggest economy. The most important business survey rose to a 15-year high in March, with firms reporting that current conditions had improved as well as their expectations for coming months. "An ingrained pessimism has contributed to Germany's under-performance in the past decade," Mr Hughes said. "So a turnaround in confidence may imply a stronger trend in investment by firms and spending by households." Stronger economic growth would allow the ECB raise rates to a level which could reduce borrowing to more sustainable levels. "It is now more likely that the next rise will come in May rather than June. They could then rise again in August, with a possible third increase by the end of the year," he said. John Beggs, chief economist at AIB Global Treasury, has felt for some weeks that a May increase was on the cards. "If they move in May, then they probably would be looking to two more hikes this year. "But for that to actually happen, the economic data will have to confirm the upswing. "There are a couple of things which could make the ECB pause, such as another rise in oil prices, or a fall in the dollar." The outlook is for interest rates to continue rising, as the world economy moves away from the last few years of cheap credit. The US Federal Reserve last night raised rates in a 15th consecutive hike, bringing them to 4.75pc, with no indication that they have yet reached their peak.
  14. I always wake up in the morning with a very stiff resolve
  15. Gotta put in search by member and then the name eg lookingafterthekids and then the phrase "freind" and then sort by post not thread. So you have to search 9 times to complete this task, 3 names, 3 phrases RichM, you must be one of the lazy rich No there only is one bull
  16. Use the search function Separate by post rather than thread. Type in "freinds", their spelling of friends then "EA" then "sold" I think you'll be pleasantly surprised. Remember ladies, i before e except after c
  17. lookingafterthekids Feb 9 2006, 11:59 PM Post #12 HPC Poster Group: New Members Posts: 169 Joined: 22-December 05 Member No.: 3,742 Care to give us the postcode and house number then so we can revel in your cleverness?
  18. http://www.rightmove.co.uk/action/publicsite.PropertySearch I thought you said you sold it, on the bricks and mortar thread Prestwich Park Road South, eh dropping 25k KKKKrashhhhh QUOTE(Glitterygook2 @ Mar 27 2006, 04:56 PM)
  19. Is this the property in Manchester, what did it sell for, you must have lowered the price after a year on the market?
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