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House Price Crash Forum

fleabag

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About fleabag

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  1. Hi everyone. To add some context; I haven't been on here for a while as life has dealt up some major distractions, but I have been waiting for some semblance of value to return to the housing market for about 12 years now and I have just had enough of the rental market and really want a place to call our own! The last few years has made me realise there are no guarantees and I feel pretty settled in the area I live and want to stay here. Just wondering where we are now? Is buying just before Brexit as awful an idea as it seems? I can't see prices falling significantly without significant IR rises or mass redundancies but are these things really that likely? I've heard Carney say IRs may fall post Brexit (although I know what he says doesn't carry much weight around here). Thanks.
  2. Thanks for the replies.. I have applied for a couple of jobs in the industry that don't involve eye examinations but I'm a bit under qualified as they seem to require experience I don't have or PhD's. I think further study may be an option but I'm a bit wary about putting more financial pressure on my family. I think I'm going to put what I have in Premium bonds into SIPP as it seems like a tax deferral - get the tax back on it now and pay tax when I claim my pension (at which time I'm pretty sure I won't be a higher rate taxpayer) and it is not classed as assets, though I really hope that never becomes an important factor. Thanks again, I really do appreciate the help!
  3. Hello I would like a bit of advice if anyone can help me. I am 35 and I spent my life up to the age of 26 studying to become an optometrist and since have been doing all I can to save and invest as well as I can and have managed to save about 135k, originally for a house for myself partner and our 4 yr old; (45 in S&S ISA, 45 in premium bonds 15 NS&I index linked bonds and the rest in cash ISAs). Through my own stupid misadventure I have suffered an injury in February and lost the use of my right arm probably permanently which would make my job impossible so I will in all likelihood be looking at a complete career change and a big drop in earnings. I was on 52k a year for the last year or so, and with the end of the tax year coming my understanding is I can pay 50k from my savings into a self invested pension before the 6th April and get the tax relief. I am thinking it would be best to get as much into a pension and get the tax relief on it as if I am unable to find work I will have to get through all of my savings before I can claim any state help and my pension wouldn't be included in that? I should add I have every hope of finding gainful employment and not exhausting all my hard earned savings but my options may be slightly limited given where I am right now physically and psychologically. I realise the best advice would probably be to consult a financial advisor but I am running out of time and getting out and about is pretty uncomfortable at the moment. Really appreciate any input. Thanks
  4. Chap I went to uni with works in a management PR role for one of the major banks. About 5 years ago he told me me they spent time and energy looking into alternative locations if they moved out of the UK and one by one were vetoed - they came to the conclusion that moving abroad was a complete non starter. He seemed to think any threats to move out the UK were bluffs.
  5. Anyone catch this tonight? Snakes alive! Real insight into how deluded people are. Couple can't sell the property can't pay the mortgage despite the mortgage being for less than half the amount the house is advertised at! The 2 bed high rise flat on at 1 million. Not sure whether to laugh or cry. I get the feeling we will watch re-runs of these kind of programmes in years to come and wonder how everyone didn't see the crash on the horizon.
  6. There always seems to be some sort of agenda with these programmes. Possibly trying to tell the masses we're better off than we think?
  7. Thought people might find this article as interesting as I did:- https://www.moneyadviceservice.org.uk/en/news/too-many-first-time-buyers-blow-their-home-buying-budgets-14022014?utm_source=d-outb&utm_medium=content&utm_term=ntwk&utm_content=d-hot-topics-mortgages&utm_campaign=d-outbrain
  8. I have been past these apartments a lot over the last few months at different time of day and I can say for definite that the majority are certainly not lived in. Walked past today and wandered through the complex and could see that almost all had absolutely no signs of life;no furniture or curatins or anything. Add to this there are only 2 ever lit up in the evening which I think are the only 2 that have tenants. Also noticed the communal areas are completely unmaintained and overgrown which is weird for a high end complex that's only a few years old. I'm just baffled as to why some nice apartments in a nice area that were on the market as finished apartments ready to move in would sit empty when they could fetch a decent rent? I'm assuming there is some sort of legal issue here- maybe they are assets of a bankrupt group/individual?
  9. Looking for a bit of advice on something that is far outside my area of expertise. Having saved very hard for a house the last few years I have decided that I am not going to take part in the ridiculousness that is the housing market, at least not for the next few years. I have about 95, 000 in savings 15k in NS&I index linked, 30 in ISA bonds, 40 in a savings accnt and 10k in my current accnt. I have decided I would like to have as little money in the bank as possible on principle so have opened a S&S ISA with Hargreaves lansdown and transferred this years allowance from my current account.I intend to put the next years allowance in after 5th April. My question:In peoples opinion is now a bad time to invest new funds, I'm not risk averse, but with the index close to record highs I can't help but think sitting on the sidelines for a few months might be the best tactic? I've been researching tips on investment funds etc but how many funds would people usually split their cash between? I was also looking at buying some physical gold with money from the savings account, I know it's in bubble territory but I think I'd feel a bit better about myself to have some out of the banks and in something I can scatter on the bed and roll in while laughing hysterically. Apologies if I sound completely clueless but everyone has to start somewhere
  10. So there was a development of a large amount of luxury apartments built a few years ago I think they were Foxglove house 41 Riverdale Road and BLUEBELL HOUSE, 43 RIVERDALE ROAD, SHEFFIELD. They are on the edge of Endcliffe park. They were nice apartments in a nice area but definitely trying to appeal to types who are impressed with the words 'exclusive' and 'executive' and were overprice accordingly. A few months ago, when I was more active on Rightmove, I use to search round this area and would periodically amuse myself by searching for apartments and finding literally pages and pages of pretty much the whole development up for sale all up for around the same price and none of them shifting. After a brief hiatus from rightmove I cannot find any trace of them, not for rent or any record of them having sold; it's like they all disappeared overnight! Anyone know what happened to them I can't even find evidence they ever existed other than that I drive past them (and what I can tell most looked unlived in). Although I did fing this:- http://www.rightmove.co.uk/property-to-rent/property-14535069.html Anyone shed any light? Thanks
  11. Is it really worth listing this house as detached? # would love to see the EA sell this to someone "well Mrs Fudgepan you asked for a detached under quarter of a mill and I found you this beauty" Does it need a new term. 'pseudoterraced'?! http://www.rightmove.co.uk/property-for-sale/property-23356092.html
  12. Isn't this not all bad news for HPC though. I.e inflation runs rampant so peoples bills go up so they can't service a mortgage as easily. Also it puts more pressure on IR's which end up going up so people on trackers are in more trouble and voila reposessions? Or am I confused?
  13. So, was seeing a patient today, recently retired, got chatting and turns out he used be quite high up at one of the high st banks. Rather than launching into my perclivities on bankers I replied with a euphemistic 'interesting times in the banking sector'. Turns out he was glad to be out and was horrified with a lot of the banking practices that went on, he reckoned none of the people really knew what was going on and saw no downside to lending people money that they probably couldn't pay back. He told me about some ridiculous self certs and how the people whos job it was to oversee all this are still raking in big bucks in bonuses etc which he said 'irks some people'. We had a chat about the inflation figures and interest rates etc He was a really sound down to earth bloke, the kind who would never end up too high up in any company due to the fact he probably isn't a self serving narcisist. Strangely the fact that we both had the same opinions on the short comings of the banking sector and shared an interest in the fallout from it, generated a feeling of camaraderie and we were chatting like old friends. Anyone else had a similar experience of bonding with a relative stranger who 'gets it'?
  14. Was just half watching the bbc coverage (in sheffield), very had a real tollpuddle good for them swing to it. Then man in a silly hat talks to camera with his hand on the shoulder of a sullen faced mixed race child and says "this is not about us its about young kids like my mate here; it's about them having an education and an NHS to use in the future, blah blah blah" Correct me if I'm wrong but isn't it about public sector workers protecting their cushy pensions and not wanting to have to work longer for them.. I'm sure little billy is less likely to have an NHS to look after him in the future if we dont tackle the public sector pensions as there will be no money left.
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