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Posts posted by Dicky
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holy shit! i almost wet myself!!!
Thanks thats ruined my whole day, I wont be able to sleep now.
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74 Q1 to 75 Q1 is interesting salary went up from £2,093 to £2,756 (up 32%!)
This shows one big crash 20% in the uk. but it was more in the south 30%.
89 Q2 £12,470 x 4.99 = £62,244 (top)
93 Q1 £16,219 x 3.09 = £50,128 (bottom)
The ratio dropped further but would you wait another 2.75 years for....
95 Q4 £17,837 x 2.86 = £50,930
The people of 89Q2 thought like kirsty, "they never go down". nobody had seen anything else.
The people of 04Q2 have no excuses...
04 Q2 £25,805 x 5.80 = £149,742
year quarter salary ratio price
52 Q4 £469 x 4.03 = £1,891
53 Q1 £478 x 3.96 = £1,891
53 Q2 £482 x 3.93 = £1,891
53 Q3 £489 x 3.84 = £1,881
53 Q4 £500 x 3.75 = £1,872
54 Q1 £510 x 3.65 = £1,863
54 Q2 £516 x 3.63 = £1,872
54 Q3 £526 x 3.54 = £1,863
54 Q4 £541 x 3.43 = £1,853
55 Q1 £556 x 3.42 = £1,900
55 Q2 £564 x 3.43 = £1,937
55 Q3 £572 x 3.38 = £1,937
55 Q4 £588 x 3.30 = £1,937
56 Q1 £601 x 3.29 = £1,975
56 Q2 £607 x 3.30 = £2,003
56 Q3 £613 x 3.26 = £2,003
56 Q4 £622 x 3.22 = £2,003
57 Q1 £626 x 3.23 = £2,021
57 Q2 £628 x 3.22 = £2,021
57 Q3 £645 x 3.15 = £2,030
57 Q4 £660 x 3.08 = £2,030
58 Q1 £659 x 3.11 = £2,049
58 Q2 £655 x 3.13 = £2,049
58 Q3 £662 x 3.11 = £2,058
58 Q4 £673 x 3.07 = £2,068
59 Q1 £680 x 3.05 = £2,077
59 Q2 £684 x 3.08 = £2,105
59 Q3 £697 x 3.05 = £2,124
59 Q4 £715 x 3.03 = £2,170
60 Q1 £729 x 3.00 = £2,189
60 Q2 £735 x 3.04 = £2,235
60 Q3 £746 x 3.08 = £2,301
60 Q4 £763 x 3.05 = £2,328
61 Q1 £777 x 3.09 = £2,403
61 Q2 £780 x 3.13 = £2,440
61 Q3 £786 x 3.14 = £2,468
61 Q4 £797 x 3.19 = £2,543
62 Q1 £803 x 3.18 = £2,552
62 Q2 £802 x 3.24 = £2,599
62 Q3 £808 x 3.27 = £2,645
62 Q4 £816 x 3.28 = £2,673
63 Q1 £820 x 3.35 = £2,748
63 Q2 £837 x 3.37 = £2,822
63 Q3 £855 x 3.34 = £2,850
63 Q4 £872 x 3.38 = £2,943
64 Q1 £889 x 3.37 = £2,999
64 Q2 £907 x 3.41 = £3,092
64 Q3 £924 x 3.40 = £3,139
64 Q4 £924 x 3.45 = £3,185
65 Q1 £942 x 3.47 = £3,269
65 Q2 £977 x 3.42 = £3,344
65 Q3 £977 x 3.46 = £3,381
65 Q4 £994 x 3.44 = £3,418
66 Q1 £1,029 x 3.37 = £3,465
66 Q2 £1,046 x 3.40 = £3,558
66 Q3 £1,046 x 3.40 = £3,558
66 Q4 £1,064 x 3.37 = £3,586
67 Q1 £1,046 x 3.48 = £3,642
67 Q2 £1,064 x 3.48 = £3,698
67 Q3 £1,081 x 3.48 = £3,763
67 Q4 £1,116 x 3.44 = £3,837
68 Q1 £1,134 x 3.44 = £3,903
68 Q2 £1,151 x 3.47 = £3,996
68 Q3 £1,186 x 3.42 = £4,052
68 Q4 £1,203 x 3.40 = £4,089
69 Q1 £1,203 x 3.44 = £4,145
69 Q2 £1,238 x 3.39 = £4,201
69 Q3 £1,273 x 3.32 = £4,229
69 Q4 £1,291 x 3.34 = £4,312
70 Q1 £1,325 x 3.30 = £4,378
70 Q2 £1,378 x 3.23 = £4,452
70 Q3 £1,430 x 3.15 = £4,508
70 Q4 £1,482 x 3.09 = £4,582
71 Q1 £1,517 x 3.12 = £4,741
71 Q2 £1,535 x 3.20 = £4,908
71 Q3 £1,587 x 3.30 = £5,244
71 Q4 £1,604 x 3.45 = £5,533
72 Q1 £1,657 x 3.63 = £6,008
72 Q2 £1,727 x 3.80 = £6,557
72 Q3 £1,779 x 4.16 = £7,395
72 Q4 £1,866 x 4.22 = £7,880
73 Q1 £1,901 x 4.42 = £8,396
73 Q2 £1,971 x 4.48 = £8,832
73 Q3 £2,040 x 4.50 = £9,183
73 Q4 £2,093 x 4.67 = £9,767
74 Q1 £2,093 x 4.74 = £9,928
74 Q2 £2,267 x 4.42 = £10,027
74 Q3 £2,442 x 4.16 = £10,148
74 Q4 £2,633 x 3.88 = £10,208
75 Q1 £2,756 x 3.77 = £10,388
75 Q2 £2,912 x 3.68 = £10,728
75 Q3 £3,087 x 3.56 = £10,978
75 Q4 £3,192 x 3.54 = £11,288
76 Q1 £3,314 x 3.48 = £11,519
76 Q2 £3,418 x 3.43 = £11,739
76 Q3 £3,540 x 3.39 = £11,999
76 Q4 £3,610 x 3.38 = £12,209
77 Q1 £3,662 x 3.39 = £12,409
77 Q2 £3,715 x 3.42 = £12,689
77 Q3 £3,819 x 3.40 = £12,970
77 Q4 £3,924 x 3.35 = £13,150
78 Q1 £4,029 x 3.43 = £13,820
78 Q2 £4,220 x 3.43 = £14,491
78 Q3 £4,360 x 3.65 = £15,912
78 Q4 £4,482 x 3.75 = £16,823
79 Q1 £4,587 x 3.88 = £17,793
79 Q2 £4,796 x 3.98 = £19,075
79 Q3 £5,040 x 4.06 = £20,485
79 Q4 £5,302 x 4.14 = £21,966
80 Q1 £5,511 x 4.11 = £22,677
80 Q2 £5,825 x 4.01 = £23,348
80 Q3 £6,156 x 3.84 = £23,628
80 Q4 £6,331 x 3.71 = £23,497
81 Q1 £6,400 x 3.71 = £23,730
81 Q2 £6,575 x 3.67 = £24,098
81 Q3 £6,871 x 3.52 = £24,188
81 Q4 £7,028 x 3.39 = £23,798
82 Q1 £7,116 x 3.40 = £24,177
82 Q2 £7,238 x 3.41 = £24,679
82 Q3 £7,464 x 3.35 = £24,969
82 Q4 £7,586 x 3.37 = £25,580
83 Q1 £7,761 x 3.39 = £26,307
83 Q2 £7,900 x 3.47 = £27,386
83 Q3 £8,022 x 3.51 = £28,175
83 Q4 £8,144 x 3.51 = £28,623
84 Q1 £8,232 x 3.60 = £29,675
84 Q2 £8,319 x 3.71 = £30,833
84 Q3 £8,493 x 3.68 = £31,254
84 Q4 £8,703 x 3.74 = £32,543
85 Q1 £8,842 x 3.75 = £33,200
85 Q2 £9,069 x 3.77 = £34,174
85 Q3 £9,278 x 3.74 = £34,700
85 Q4 £9,383 x 3.78 = £35,436
86 Q1 £9,592 x 3.72 = £35,647
86 Q2 £9,801 x 3.78 = £37,015
86 Q3 £9,976 x 3.83 = £38,251
86 Q4 £10,150 x 3.90 = £39,593
87 Q1 £10,290 x 3.97 = £40,882
87 Q2 £10,534 x 4.08 = £42,987
87 Q3 £10,743 x 4.14 = £44,434
87 Q4 £11,005 x 4.03 = £44,355
88 Q1 £11,144 x 4.05 = £45,091
88 Q2 £11,406 x 4.29 = £48,932
88 Q3 £11,702 x 4.64 = £54,352
88 Q4 £12,034 x 4.76 = £57,245
89 Q1 £12,191 x 4.88 = £59,534
89 Q2 £12,470 x 4.99 = £62,244
89 Q3 £12,766 x 4.92 = £62,782
89 Q4 £13,097 x 4.70 = £61,495
90 Q1 £13,289 x 4.48 = £59,587
90 Q2 £13,686 x 4.31 = £58,982
90 Q3 £14,017 x 4.08 = £57,245
90 Q4 £14,312 x 3.84 = £54,919
91 Q1 £14,452 x 3.77 = £54,547
91 Q2 £14,804 x 3.74 = £55,418
91 Q3 £15,066 x 3.64 = £54,903
91 Q4 £15,327 x 3.50 = £53,635
92 Q1 £15,588 x 3.35 = £52,187
92 Q2 £15,850 x 3.32 = £52,663
92 Q3 £16,025 x 3.26 = £52,243
92 Q4 £16,201 x 3.10 = £50,168
93 Q1 £16,219 x 3.09 = £50,128
93 Q2 £16,500 x 3.15 = £51,918
93 Q3 £16,677 x 3.10 = £51,746
93 Q4 £16,819 x 3.04 = £51,050
94 Q1 £16,960 x 3.03 = £51,327
94 Q2 £16,957 x 3.03 = £51,362
94 Q3 £17,151 x 3.02 = £51,731
94 Q4 £17,291 x 3.01 = £52,114
95 Q1 £17,432 x 2.93 = £51,084
95 Q2 £17,555 x 2.94 = £51,633
95 Q3 £17,661 x 2.91 = £51,334
95 Q4 £17,837 x 2.86 = £50,930
96 Q1 £17,978 x 2.86 = £51,367
96 Q2 £18,278 x 2.90 = £53,032
96 Q3 £18,491 x 2.92 = £54,008
96 Q4 £18,668 x 2.96 = £55,169
97 Q1 £18,846 x 2.96 = £55,810
97 Q2 £19,115 x 3.06 = £58,403
97 Q3 £19,401 x 3.13 = £60,754
97 Q4 £19,687 x 3.14 = £61,830
98 Q1 £19,919 x 3.16 = £62,903
98 Q2 £19,994 x 3.26 = £65,221
98 Q3 £20,224 x 3.28 = £66,366
98 Q4 £20,383 x 3.25 = £66,313
99 Q1 £20,613 x 3.27 = £67,478
99 Q2 £20,805 x 3.37 = £70,010
99 Q3 £21,087 x 3.43 = £72,362
99 Q4 £21,350 x 3.50 = £74,638
00 Q1 £21,632 x 3.59 = £77,698
00 Q2 £21,824 x 3.72 = £81,202
00 Q3 £22,126 x 3.66 = £80,935
00 Q4 £22,480 x 3.63 = £81,628
01 Q1 £22,852 x 3.67 = £83,976
01 Q2 £23,098 x 3.79 = £87,638
01 Q3 £23,313 x 3.91 = £91,049
01 Q4 £23,510 x 3.94 = £92,533
02 Q1 £23,778 x 4.01 = £95,356
02 Q2 £24,159 x 4.28 = £103,501
02 Q3 £24,357 x 4.55 = £110,830
02 Q4 £24,519 x 4.73 = £115,940
03 Q1 £24,753 x 4.85 = £119,938
03 Q2 £24,742 x 5.07 = £125,382
03 Q3 £25,076 x 5.17 = £129,761
03 Q4 £25,194 x 5.31 = £133,903
04 Q1 £25,878 x 5.42 = £140,225
04 Q2 £25,805 x 5.80 = £149,742
Thats nothing in some parts of London it already 10, this one bubble is really going to hurt when it pops.
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Excellent post RJ.
People like BTL King just don't get it do they? Presumably the tarty cars will, in due course, evaporate along with the capital gains that will never materialise. What on earth induces someone to buy BTL properties at this point in time? Contrarians they may be, but at least BBB and TTRTR exhibit common sense.
BTL King sounds young, inexperienced and impetuous - I wish I could take him back to 1974, 1979 and 1990 and show him what will happen.
BTL King sounds more like a fast food restaurant, just ignore him he'll go away like an unpleasant smell.
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Bullish bear officially best post of the day. If those are worth £80,000 of your British pounds, I am the Queen of England.
The funniest part is the chaps selling them bought them at Kirstys auction for 120K a pieces with a promised yield of 20%, probably.
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So what you're saying is find out where the waiting list is, and get on it now...
Where can I sign up...!?
Its at the end of the rainbow and while you're there say Hi to Elvis. This whole scheme is just another dome me thinks, pissing tax payers money away.
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Sorry TTRTR, my handle is TW11 - a Twickenham postcode. I could never afford to live in SW11.
I was not trying to impress you - merely pointing out how ridiculous the London market is. My piss-poor 45k salary+25K car + 30k deposit still means I'm unable to buy anything more than a (really grotty) one-bed flat (now I am being ironic).
I think I am actually very well payed. You need a reality check. How much do you really think people earn? How much does my hairdresser earn? Or the guy who serves my beer? The guy who empties the bins? OK, traditionally low payed jobs right? Well you've had kids; How much do you think midwives earn? My sister is a midwife and earns 20k. So what about when the kids go to school? How much do teachers earn?
Come back down to earth mate and think about it.....
45K is quite a poor for a London salary, removing shoe shine boys from the calculation I thought the average was about 60K.
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Just heard Tony bland on Sky news in a Questions & Answers sessions with Joe public declare that by keeping intersts rates low we're helping FTB's. mmmmm very interesting, does this man really know what the **** he's talking about. Intests rates being low is the cause of this mess. okay its not his fault it's the ecomomy and spending patterns that dictate IR's but to say this is somehow a good thing for FTB's is plain stupid. Rant over.
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Found this:
http://www.thisismoney.com/20040926/nm82878.html
EA's massaging sales figures surely not, I thought that was par for the course.
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These w**kers can't help themselves. The more they intervene the more they'll feel the need to (just like Iraq). Another term and this country will need four Tory terms of intensive economic care (which they'd call neglect, which I'd call free markets).
If they really want to help FTB's, just put stamp duty up to 20% for second home purchases, nobody really needs two houses.
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Dicky, you are completely missing the point.
The reason you need to compare I/O mortgages with rents rather and by using a repayment mortgage is because this removes the capital repayment element of the mortgage.
As has been said before, an I/O mortgage is like renting your property from the bank rather than from a landlord. The difference between the I/O mortgage and a repayment vehicle is the added value which comes from capital repayment. This quantity is irrelevant to a buy/rent comparison.
Luckily such sophisticated reasoning does not come easily to Joe or Dicky public which is why we STR's are currently laughing our way to our 30-40% discounted property post crash
Currently renting a 250K property for £600 pcm, IO mortgage would be 1100 pcm, you do the maths ar£ehole.
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Amateur BTLetters are blind to that dickie thats why they will get their fingers burnt. All they see is ££££££££££££££££££££££££££££££££££££££££
£Â£Â£
Just to add to that with inflation at 1-2% , the capital to repay doesn't erode either, it's still a real 80 -60% in 25 years time.
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I think you are pricing a repayment mortgage, which is not a fair comparison to rent because you are repaying capital.
My original post stated INTREST ONLY!
No such thing as an interest only mortgage in my book, it's all got to be payed back at some point, your comparasion is just another form of renting from the bank and with more risk of a down turn.
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Err...........get the calculator out Dicky!
Errrrr ....I'm still correct and you still have provides the details.
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All this talk of renting being so much cheaper than mortgage intrest didn't ring true for me in my area (small town in East Anglia) so I grabbed this week's paper and compared some rents with asking prices on rightmove.
Mortgage prices assume 100% LTV (not realistic but allows a direct comparison) at 5.25% int. only
I based mortgage on 95% of asking price similar property
2 bed victorian terrace £495pcm rent, £498 mortgage
2 bed modern terrace, garden & parking £510pcm rent, £568 mortgage
4 bed detatched, garage & gardens £695pcm rent, £810 mortgage
Comments?
I'm sure you mean well but where exactly in East Anglia can you buy a 4 bed detached for 140K.
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Hometrack figures and press releases are a shambles.
The figures which shows the break downs for detacheds, semis, teraces/flats are probably correct but the averages at the end of the table have been plucked out of the air.
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have read it thanks.
even in bad times there is money to be made.
dont be alarmed im no bull. but in certain locations, particularly london, where there are oversea buyers, properties can be sold. however one must buy cheap as possible. if nothing cheap comes along then im not buying.
Overseas investors want UK property in pounds sterling when it's on the up cos compared to thier local currency it a double win, falls aren't so clever though, houses prices will take the pound with it so is a double lose.
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yes there is cottaging and many many gays
How do you know?
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Holiday rentals, its the perfect position on the entrance to disney world .
all year round rentals because of the climate and area.
its in a gated complex with a large pool, tennis courts, golf course, cinema and much more all included. and the extras only cost me $1500 per year thats far less than the council tax you pay here and get nothing in return for.
Hey TTRTT you got a cinema or golf course in you garden? oh no of course not you pay £1000 plus a year on council tax just for a bin man.
regards,
Mad_dan
If the return is so good why didn't you gear higher and buy 4 instead of just the 1, now you would have an investment of 1 million and yield of 70K.
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Right next to Disneyland, MGM studios, etc etc. Touristville USA
Good call dan.
But I thought BBB said Wigan was the place to invest.
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Get in there my son......
Cripes, the home counties will be choking on their croissants this morning!
Onwards and downwards.
Most Times readers will have prepared for this one, its the Express bunch that will be choking on their egg and sausage butties.
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Yes, oil steel etc but no significant wage inflation and certainly no inflation in price of widgets. Those busy chinese chaps just keep churning em out.
HPI has caused inflation in plenty other areas eg construction. With HPI stuck these will not be an issue.
BoE can happily hold and has scope to cut. Not a lot, but 0.25 by Jan is my guess.
Those busy chinese's ecomony follows the dollar, so as US raise interest rates , all those lovely cheap gidgets suddenty start costing more and guess what folks, this leads to inflation which leads to interests rates raising.
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An interest rate cut, probably more chance of seeing Elvis the Pelvis on doing the moon walk.
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Seen all this ******** before in the BMW garage. Me and the kids all use to roll in for a coffee and a cake regulary.
Times must be hard at BMw too, a man now arrives at my house to take my car to be serviced, afew years ago they would tell be to take a cab. Coffee and cake mmmmmmm.
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Don't advertise that you'll probably get others moving in on your patch.
Bizarre experience in EA
in House prices and the economy
Posted
Q) What do you say to an EA's?
A) Big Mac and fries please.