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House Price Crash Forum

Dicky

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Everything posted by Dicky

  1. Just saw this on the news, its been organised by Philip Green & co the retail tycoon who wanted to buy M&S, its looking abit sad and desparate. Some retail expert reckons everyones avoiding central London and shopping around it, she refered to it as the doughnut effect, more like the sh** sandwich effect. Times really is hard out there for retailers.
  2. I very much doubt that, don't **** with China and Russia they need cheap oil too. http://www.indiadaily.com/editorial/2304.asp
  3. Me too, dumped them in Jan, Ba$tards charge me £20 for a 1 day late payment on a balance of £35.
  4. Imagine no possessions I wonder if you can No need for greed or hunger A brotherhood of man Imagine all the people Sharing all the world... You may say I'm a dreamer But I'm not the only one I hope someday you'll join us And the world will be as one Far out man.
  5. I think he was saying the house was on the market for 310K last year but he put in an offer recently of 250K. To suggest he was waiting a year to hear back from an EA would be a little bit silly really, go stand on the naughty step for 10 mins.
  6. Money has to come from somewhere, its not simply magiced out of the air, if more dosh starts flowing into SIPPS then equity markets will suffer, company profits will fall, unemployment will rise, rent returns will fall , which in turn will hit yields and capital growth on SIPP investors. The trick with every money make scam is to hit the market at the peak then do a runner just as the shoe shine investors arrive. The smart money will be collecting the commission on sales and managenment fees while the muppets risk everything.
  7. This is a classic sign of a recession ahead, BOE rates falling but credit costs rising, the banks want their money back fast before the dam breaks.
  8. Its quite simple, at the moment your pension contributions from your salary are taken out of your gross salary so its effectively like saying for every 78p you put in the Government puts in a further 22p, for higher tax payers which charge 40% tax they get a furhter rebate on you tax return of 18p to make the 40p contribution buy the Government. When you retire you end up paying tax on your pension income anyway, can't see what all the fuss is about.
  9. Her Relpy: I hear what you're saying and I feel your pain but unfortunately the Labour party has no powers at all, big business like banks and builders now run the show, we've only manager to avoid an 90's style ression so far because we've let them shaft the population into high debt. Sorry
  10. I totally agree, I sat 87' A-level and got straight A's Maths, Physicsl, Further Maths, I now interview folks with 3/4 A's and degrees who think Calculus is a city in Italy, this country is seriuosly going down the sh1tter, god help us.
  11. If I could just dig another hole to fill this one, nobody will notice.
  12. "At least 2/3% in the next few years" thats not growth, thats not even a mild swelling. A thriving market should be 10% above inflation, 2% is -2% in real terms, where did they get those goons from.
  13. He's in for a rude shock then.
  14. Ask them what they do for living, when they say tthey work down the local cash and carry, smile nicely and move on. Have a nice day.
  15. Spot on the money, most pension schemes are linked to the equity markets, usually return a good yield and grow on ave 9%. Property in todays market is 40/50% over priced depending on who you talk to and also is scraping 4/% yield if you're lucky, don't mention the managenment charges and up keep. This is truely a dumb ar$e follower, it makes sence if you already have 15 houses you bought 10 years ago but to throw money into the houses for pension pool now makes as much sence as asking a blind man to show you the way to Amarillo.
  16. Another way to look at is sellers desparate to sell due to fixed 3% deals ending who have been unable to afford 6% SVR been forced into to a quick reduced sale. Don't beleive me go to www.housepricenet and see how many homes bought 2/3 years ago are now on the market, this can't just be coinsidence. This all looks like desparate sellers rather than excited buyers.
  17. 1 billion, whoopee, ave property cost = £180K, this represents about 5 thousand properties out of 20 Million, or 0.025% of the housing market in the UK, I really wish folks would stop creating a storm in pi$$ pot.
  18. Side Impact Protection, it stops you getting hurt in a sideways collision, I always insist on them.
  19. Thats right, Santas elves are now in the market looking, there's millions of the buggers snapping up everything in sight, buy, buy, ****ing buy.
  20. I can't help but think of Jerry Springer. Jerry! Jerry ! Jerry Places that don't rise in price do so for a reason.
  21. Dude if you don't like what the man on the telly is saying, switch it off, better still stop paying your license fee. I have to say compared to SKY, the beeb seem like brain surgeons, apart for Miss kaplinsky, shes just a brain donor.
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